Vail Valley / Eagle County
Fir st Quar t e r 2 0 1 3
To Our Valued Clients, Team Black Bear knows that information is power and we want to share all of our knowledge of the real estate market with you. Armed with the facts and trends, you are able to make the best possible decisions in a constantly changing world. With this in mind, we are sending you this summary of the 2012 real estate market in the Vail Valley. With spring here in all it bounty, it’s time to renew, refresh and revive our understanding of what’s fueling the ongoing market recovery. First, tightened inventory levels combined with strong demand are fueling price gains in many areas. Second, consumer demand is shifting from distressed properties to conventional homes. Third, record-low mortgage rates and rising rents are supporting housing recovery. Let’s check the local scene. New listings decreased 18.2% to 346. Pending Sales were up 1.8% to 278. Inventory levels shrank 34.4% to 921 units. Prices moved higher. The Median Sales Price increased 16.5% to $565,000. Days on Market was down 13.3% to 157 days. Absorption rates improved as Month’s Supply of Inventory was down 49.7% to 9/6 months. If you have any questions, give us a call or send an email. Remember to LIKE us on Facebook and follow our blog. We are your complete source of information for real estate in Vail Valley/Eagle County, Colorado.
Sincerely,
Joan Harned 970.376.1356 Joan@TeamBlackBear.com Broker/Investor Keller Williams Mountain Properties
www.TeamBlackBear.com Info@TeamBlackBear.com 970.337.7777 facebook.com/TeamBlackBear
Th e Vail Valley/Eag le Co u n t y r eal est at e m ar ket p er f o r m s q u it e d if f er en t ly t h an t h e n at io n al aver ag e. Even in an ar ea t h e size o f Eag le Co u n t y, m ar ket t r en d s can var y d r am at ically f r o m n eig h b o r h o o d t o n eig h b o r h o o d . Wh en yo u ar e co n t em p lat in g a lar g e f in an cial co m m it m en t su ch as t h e p u r ch ase o r sale o f a h o m e, yo u n eig h b o r h o o d ’s m icr o -m ar ket d at a can m ake a b ig d if f er en ce in yo u r f in an cial d ecisio n s. Th e Vail Bo ar d o f Realt o r s co m p iles q u ar t er ly an d year -en d r ep o r t s o f m icr o m ar ket st at ist ics t o h elp yo u m ake b et t er r eal est at e d ecisio n s w h er e it m at t er s t o yo u . If yo u n eig h b o r h o o d is n o t list ed , o r if yo u ’r e u n su r e w h at t h e d at a m ean s f o r yo u r t r an sact io n , sim p ly co n t act Team Black Bear an d w ill b e h ap p y t o p u ll a r ep o r t f o r yo u an d h elp yo u in t er p r et t h e r esu lt s.
Tab le of Con t e n t s M ARKET OVERVIEW NEW LISTINGS SOLD LISTINGS PENDING SALES M EDIAN SOLD PRICE A VERAGE SOLD PRICE PERCENT OF LIST PRICE RECEIVED DAYS ON M ARKET HOUSING A FFORDABILITY INDEX INVENTORY OF A CTIVE LISTINGS M ONTHS SUPPLY OF INVENTORY GLOSSARY OF TERMS
A REAS A RROWHEAD A VON BEAVER CREEK/BACHELOR GULCH CORDILLERA DOTSERO/SWEETWATER EAGLE EAGLE RANCH EAGLE-VAIL EAST VAIL EDWARDS GYPSUM M INTURN REDCLIFF M OUNTAIN STAR NW EAGLE COUNTY
SANDSTONE SINGLETREE VAIL W EST VAIL W ILDRIDGE/ WILDWOOD W OLCOTT
Joan Harned Joan@TeamBlackBear.com 970.376.1356
Barbara Hogoboom Barbara@TeamBlackBear.com 970.309.1271
Laura Sellards Laura@TeamBlackBear.com 970.331.1766
Angela Maxey Angela@TeamBlackBear.com 970.316.2327
Tom Harned Tom@TeamBlackBear.com 970.376.1357
www.TeamBlackBear.com Info@TeamBlackBear.com 970.337.7777