Vail Real Estate Overview
Vail real estate is moving, with a variety of properties to choose from
Winter is arriving in Vail and Real Estate has picked up from the doldrums of 2009. Properties are moving. There have been several transactions over the past 6 months. While the prices have definitely settled from the peak, there is no panic selling going in Vail. In Vail Village there have been 13 transactions in the past 6 months ranging in price from a high of $6,450,000 for a new slope-side penthouse to $567,000 for a 1 bedroom condo. The price per square foot is currently averaging approximately $1164. The high is $1897 per square foot for a new slope-side property the bargain has been $728 per square foot for a dated Vail Village property.
In Lionshead Village there have been 11 transactions in the past 6 months ranging in price from a high of $5,450,000 for a Forest Road home to $285,000 for a studio hotel room, the price per square foot is currently averaging $1084, with a high of $1557 per square foot for a slope-side home and $661 per square foot for a dated Lionshead Village property.
The bottom line is that Vail is a special place on earth where people want to visit, vacation and live. The prices here will not relate the same to prices in Detroit or Florida, Vail is holding its own in the Real Estate world and there are great deals to be had from the peak of our market.
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