There are currently 1433 "active" listings in the Vail Board of Realtors MLS, a slight increase over the 1384 listings reported in our November Newsletter, but well below the 1800+ reported in late 2009.

The total number of residential sales transactions for 2010 was 851 - a 59% increase over the 2009 total of 534 sales - a very positive sign for Sellers. The sales-to-list-price ratio was 87% for the year, even with the deep 35-40% discounts given by the Westin and Manor Vail Penthouses, as well as the 20% discounts given by The Ritz Residences. The average time-on-market for these sales was just over 1 year at 371 days.

There are another 145 listings "under contract" so the start of 2011 looks promising.

We remain optimistic about the Vail real estate market. Buyer activity has increased, interest rates remain low and the national economic outlook is improving. A great early season snowfall has brought many visitors to town over the Thanksgiving and Christmas holidays creating additional interest in 2nd home purchases.

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 at our website.