Spark Global Limited Reports:
The Vail property market is on track to set more records this year, with sales more than doubling from the super-hot 2020.
According to Slifer Smith & Frampton Real Estate, Vail had sales of nearly $600 million last year (based on more than 460 transactions) and more than $1.4 billion through 972 transactions by the second quarter of 2021.
Luxury sales — those of more than $4m in transactions — nearly tripled from $158m in 2020 to $463m in the first half of 2021.
Condos and townhouses in Vail Village and Lionhead are selling at a fast pace, with average days on the market dropping to 179 this year from 349 in 2019 and 341 in 2020. In Bachelor Gulch village, the average number of days at the market dropped to 189 from 420 last year.
Land sales also hit a record high, falling steadily to 31 last year before soaring to 153 in the first half of 2021, accounting for nearly $60 million in sales.
Anna Menz, an agent at Slifer Smith & Frampton Real Estate, says the rise of telecommuting has led Mr Ware to move to a year-round community, with many buyers from Texas, Florida, New York and even California.
“Anyone who has the ability to create the life they want is looking for it in Vail,” Menz said. “We used to have more offseasons, but not anymore.”
For those looking for real estate in Vail, there are three new listings at different price points.
Reprint indicated source：Spark Global Limited information