Eagle County real estate surpasses $1B in total dollar volume!

 

Real estate in Eagle County has seen a huge uptick in sales in July with $281M in total dollar volume and 261 transactions. This brings the year to date total to $1.077B in dollar volume and 889 transactions. With the exception of April 2017, when the Hyatt in Beaver Creek sold, you'd have to go back to August 2007 to find a month with more transactions and dollar volume than July, 2020. 

 

There were 8 areas throughout Eagle County that had 10 or more transactions in July; Gypsum had the most with 41 sales, followed by Eagle with 36, Avon (21), East Vail (17) and Cordillera (13). The 261 sales averaged $1.1M with 32% of the residential transactions selling above $1M. The highest priced sale was a home in Vail Village which sold for $24M; $3108 PPSF.

 

Typically, the majority of Eagle County buyers are locals; accounting for more than 50% of purchases. Front Range buyers account for nearly 20% and out of state buyers account for nearly 30%. You can see the complete breakdown on page 15 of the attached report, along with which states buyers are coming from.

 

New construction sales were very active with 16 sales in July, accounting for more than $15M in total sales volume.