Vail-BeaverCreek Real Estate Update
Karen Wilhelm, MBA, MRE, CRS, GRI
Prudential Colorado Properties - - - Vail, Colorado
March 2013 Newsletter
www.Vail-BeaverCreek.com
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Happy 50th Birthday Vail !! |
Vail's 50th birthday party continues ...
Click Here to see the events surrounding this big year for Vail.
Don't miss the annual Spring Back to Vail Party from April 8th-14th.
Enjoy concerts by O.A.R., Sublime w/Rome, Jimmy Cliff and of course the traditional Pond Skimming Party. Korbel American Ski Classic March 20-24 event combines the thrill of both professional and amateur ski racing with an array of entertainment options for fans of all ages. Click Here for more details. The 10th Annual Vail Film Festival will take place March 28-31 is sure to be a hit. This is a four-day event that enlightens and entertains thousands of film enthusiasts. Click Here for more information. |
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Eagle County Market Overview |
 The start of 2013 has been a positive one in terms of market activity. Showings and offers are being made, however, the difference between the more active pace of the 4th quarter of 2012 and the start of this year is that inventory levels are low and buyers and sellers are having a more difficult time finding "market price". This has resulted in a more sluggish closing volume - but not affecting activity. The trends showing market improvement continue. The number of sales transactions for 2013 YTD is keeping pace with the good results seen last year. The average sales-to-list-price ratio for 2013 closings is 93%, it was 91% for all of 2012, it was 90% in 2011 and 87% for 2010. The current inventory level of 936 actively listed properties is 3% higher than reported in January. In January we reported 906 active listings, 917 in November, 1117 in September and 1224 in July. The average time-on-market for the currently active listings is at 356 days, 365 days in our last report. There are only 18 active Bank Owned properties and 24 currently active Short Sales - not a significant portion of the active market - see Bank Owned and Short Sale Report. There are another 173 listings currently "under contract" - 148 reported two months ago. The average time-on-market for these listings is 205 days (167 in January). Of the 173 under contract listings 20 are Bank Owned and 47 are short sales. You can review "active", "under contract" and "sold" statistics from the Vail Board of Realtors MLS using our Supply and Demand Market Report - a current report for all of Eagle County is reproduced below.
You can also produce this report by neighborhood within Eagle County
on our website. |
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Supply and Demand Report for all of Eagle County |
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Data is extracted from the Vail MLS and is deemed accurate, but is not guaranteed
Months of Inventory equals Active divided by Pending+Sold (x12)
Sold date range 03/01/2012 through 03/09/2013
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Customized Reports for you |
Let us know if you are interested in receiving Automatic Notification directly from our MLS of "new listings", "price changes" and/or "sales" in Vail Valley areas that interest you.
You can also check our New Listings Report showing all newly active properties over the past 14 days.
Other customized reports are available, just let us know your needs. |
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Browse All Current Vail Valley Listings |
New Listings |
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Links to Useful Area Information |
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