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May shows increase in sales and transactions, but numbers still well off from peak levels of 2007
Jul 2, 2009 —
May saw a 30-percent jump in real estate transactions compared to the previous best month so far this year and the dollar volume showed an increase of 16 percent, according to an analysis by Land Title Guarantee Company.
A total of 79 transactions were closed in May for a total sales volume of $70,751,600, which resulted in an average sales price of $895,590....
April real estate sales off significantly from last year, but still second best month in 2009
Jun 9, 2009 —
Eagle County real estate sales in April fell dramatically compared to last year, according to an analysis by Land Title Guarantee Company, but it was still the second best month of 2009.
April saw 54 transactions for a dollar volume total of $57.5 million. Those numbers are down from last year when Eagle County had a sales volume of $137.7 million and 117...
Vail Valley Real Estate market analysis: price ahead of the curve
Jun 1, 2009 —
News Analysis - According to Barron’s (11/24/08) the price of luxury homes (greater than $5 million) is down 20 percent since peaking in 2007 and expected to drop another 10-15 percent before bottoming out in 2010. Without further belaboring the dismal economic news and statistics from the last 3 months or so, we are possibly at...
Local companies rally to re-use building materials and benefit Habitat Home Outlet
May 28, 2009 —
As is expected on any job site, local contractor Adolfson & Peterson Construction wound up with excess building materials from the construction of the new Battle Mountain High School in Edwards.
Many of these materials are returned to the vendors for a refund; however, some materials are not returnable due to custom tints or high shipping costs. Such was the...
March sees lowest number of real estate transactions ever recorded in Eagle County
May 8, 2009 —
The good news is the Vail Valley saw the highest total dollar volume of real estate sales of any month so far this year in March, with more than $59.3 million in sales.
The bad news is there were only 44 transactions in March, which is the lowest number of transactions ever recorded.
The average sales price for March was more than $1.3 million, according...
Value of Vail building permits plummets more than $15 million in first quarter of 2009
Apr 29, 2009 —
Construction activity in Vail declined during the first quarter of 2009 compared to development activity for the first three months in 2008, according to statistics from the town’s Community Development Department.
The figures show a continuation of the construction slowdown experienced during the fourth quarter of 2008 following five consecutive years...
Property value notices go out May 1, but assessor says most home values stayed same or increased
Apr 27, 2009 —
On May 1, the Eagle County Assessor’s Office will mail Notices of Valuation to all property owners of record. Counties throughout the state are required to conduct a complete reassessment of all property every two years. Under Colorado law, property valuations must reflect the real estate market activity from Jan.1, 2007 to June 30, 2008.
According to...
Eagle County assessor says property values aren't declining in Vail Valley or on Western Slope
Apr 9, 2009 —
Even though the local real estate market is in the doldrums, don't look for your property taxes to do down, according to a release issued Thursday by Eagle County Assessor Mark Chapin.
Here's the text of the release:
Property owners in the central Rockies and western Colorado may be expecting to see their 2009 Notice of Valuation showing a lower value than...
A Vail parking space may be worth its weight in gold, and then some
Mar 12, 2009 —
When Vail Realtor Robby Robinson first came to Vail in the 1960s, ski parking in Vail was free of charge in a slopeside gravel lot. Now Robinson has two heated, indoor parking spaces near the base of Vail Mountain on the market with a price tag of $165,000 each – considered a supreme bargain even in today’s sluggish market.
Indeed, deeded parking...
First month of 2009 sees 67 percent drop in real estate sales from 2008
Mar 2, 2009 —
Eagle County real estate sales set a sobering tone for 2009 with 46 transactions totaling just under $40,500,000.
The dollar volume was off by more than two-thirds (67 percent) from January of 2008, which was off 28 percent from the county's overall record year of 2007, when nearly $3 billion of commercial and residential real estate sold.
The overall...
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