Vail Board of Realtors December Report: 2013 “A Good Year for Housing”

Inventory of Active Listings

The Vail Valley real estate market is on the rise.  The Vail Board of Realtors December report declared 2013 a “good year for housing” in the Vail Valley, the State of Colorado and the country.  Consumer confidence is returning and real estate is gaining momentum, helped along by a steadily improving jobs market and rising stocks.

Nowhere is this positive momentum more evident than at the top of the Vail Valley real estate market, where luxury homes sales are on the rise.  Jumbo loan prices remain competitive going into 2014 –currently comparable to the rate on a conventional loan.

Here are some standout numbers from the Vail Board of Realtors December report:

Inventory for single family homes remained tight across the valley, with new listings down 37.7 percent and Months Supply of Inventory down 10.8 percent.  New listings for townhouse-condo homes dipped 1.5 percent, with Months Supply of Inventory down 17.2 percent.

The Median Sales price for single family and duplex homes dropped 7.2 percent to $589,000 and 6.5 percent to $425,300 for townhouse and condo units. On the other hand, sellers of single-family and duplex homes received an average of 94.5 percent of list price in 2013, a rise of 1.4 percent over 2012. Condos and townhomes saw an increase of .7 percent over the same period to 94.8 percent of list price.

Want to know more? Please enjoy a complimentary copy of the Vail Board of Realtor’s Monthly Report, courtesy of the Rocky Mountain Home Team.

Having the numbers is only half the story – understanding them is the other half. If you have any questions about the Vail Board of Realtors December report, we want to hear from you! As one of the Vail Valley’s top-producing real estate teams, the Rocky Mountain Home Team has the expertise to help you plan for success whether you’re buying your first home in the Vail Valley, a vacation residence or an investment property.

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