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Vail area real estate cooking, despite low official inventory

Ron Byrne & Associates/special to the Daily
The valley’s official real estate inventory is quite low, but the local real estate market is on another record-setting pace. How does that happen?
The answer can vary, by neighborhood, by price and, sometimes, by the broker involved.
Ron Byrne & Associates operates in the market’s upper reaches. Many of the homes that company lists don’t make it to the county’s Multiple Listing Service.
Company owner Ron Byrne said his firm’s approach is a “little more targeted” than some other companies.
Finding the right buyer for property in Vail often requires reaching out to people in destination markets, at high-end boat shows and other resorts, Byrne said. ....

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Eagle County real estate market passes $3 billion in sales

Special to the Daily
Eagle County’s real estate market has been on fire since July. That torrid pace means that it only took until Nov. 30 for yearly sales volume to exceed $3 billion for the first time.
Through November, the county’s real estate sales volume is nearly $1 billion ahead of the pace set in 2019. That was the first of three years in the previous decade that the local market had exceeded $2 billion in sales.
Those years marked a full comeback from slower years since the global recession that began in 2008. The market, which had been running at a $2 billion annual clip in the mid-2000s, fell below $1 billion in annual sales in 2009 and had been climbing back ever since. ....

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