The Vail real estate market is up over 20% over last year at this time.
Vail, Colorado (PRWEB) September 25, 2013
Vail Colorado, located along I-70, about 2 hours west of Denver, has seen a tremendous increase in property values, home prices and average sales prices over the last 4-6 months according to Coldwell Banker Distinctive Properties in Vail.
Vail has been known as a ski town and resort village for locals and visitors in the summer and winter months and with the economy turning around, more seasonal home buyers are purchasing real estate in communities and mountain towns such as Vail.
According to real estate reports, over the last month the average listing prices for Vail has hit it's highest since 2008 at $2,755,000. The median sales price however is lower but still up 40% over last year at $600,000.
Just in the last month, the average listing price has increased $40,000, an enormous increase over last year's reports. The number of homes on the market is about the only number that has seen a decrease due to basic supply and demand. The number of listings have dropped from 385 in August to 374 in September.
The agents and brokers at Coldwell Banker Distinctive Properties are seeing more seasonal buyers for either winter or summer homes and because supply is somewhat down, property values have increased greatly, making a promising summer for sellers.