The Vail Valley real estate market saw a steady increase in active listings, currently available for purchase. This represents a 28% year-over-year increase, providing buyers with a wide range of options to choose from. Additionally, the average days on the market decreased by 11% year-over-year, indicating a faster sales cycle for those looking to sell their property. Despite a 37% year-over-year decrease in total sales volume, the market is still active and offers potential buyers and sellers with opportunities to make deals.
For properties priced at $3M and above, the market report indicates 181 active listings. Although there was a 21% year-over-year increase in active listings, the average days on the market decreased by 34%, down to 61 days. This indicates a highly competitive market for luxury properties, with properties selling faster than they did the previous year.
The total sales volume for properties priced at $3M and above was $50.5M, a 34% year-over-year decrease. Nonetheless, this data suggests that the high-end market remains strong, and both buyers and sellers can find opportunities in the Vail Valley area.
If you're looking to buy or sell in this market, now is the time to act with the guidance of a local expert to make the most of this dynamic real estate market.