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The Best of Finance 2021 - ColoradoBiz Magazine
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Does Eagle County have the political will to create more workforce housing?
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The Stockton Group/Special to the Vail Daily.
Eagle County’s rip-roaring real estate market continued its momentum through the first quarter of 2021.
The first quarter numbers are impressive. Through the first three months of this year, there were 545 transactions with a value of more than $760 million. And, for the first time, March saw more out-of-state buyers (85) than those with Eagle County addresses (83). For the year through March 31, local buyers still make up the biggest share of buyers, at 42%. But through the first quarter, out-of-state buyers now account for the second-largest portion of all sales, at 35%.
, many of those out-of-state buyers came from Texas or Florida.
This home in Eagle Ranch is listed by Slifer Smith & Frampton Real Estate and priced at just less than $1.1 million. The home is currently under contract to a local buyer, but an increase in home prices is altering the valley’s traditional buyer profiles.
Special to the Daily
Eagle County’s torrid real estate market continued into February of this year. As inventory shrinks and prices rise, buyer demographics are evolving.
Prices in places have increased dramatically from 2020 to this year. In Eagle, the average single-family home price increased 45% from early 2020. In Gypsum, multi-family units increased a similar amount, 30%.
Eagle-based broker Rick Beveridge, owner of Beveridge Real Estate, said homes in the western part of the valley continue to sell quickly.
Vail Valley real estate continues surge into 2021
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