Vail Valley/Cordillera Real Estate Market Report July 2021
Welcome to my Vail Valley/Cordillera Real Estate Market Report! For the first time this year, there seems to be some stabilizing in the market. July was down 2% in Volume of Properties Sold. The number of properties sold in July was down 18% compared to July 2020. Last year, July was the beginning of the frenetic buying cycle spurred on by COVID19.
In all 5 areas over the last 12 months (compared to the previous 12 months) Median Price has increased overwhelmingly. The only exception is in Vail Village and Lionshead where Single-Family and Duplexes median sold price dropped 4%. Again, the last year of sales compared to the previous years the number of units sold and the volume of sales are way up.
All Areas Properties Sold in July
Land is the one category where sold price is down over the last 12 months compared to the previous year. Land average sold price was down 4%. But the number of units sold was way up being 310% up from the year before!
The biggest challenge we continue to face is inventory. We still have less than 300 residential properties listed in the Vail Board of Realtor MLS. Buyers have to act quickly if they want a slice of Mountain Paradise. Navigating this limited inventory can be challenging but I have gotten offers accepted before buyers have physically seen a property thus taking control of that home until they can get here and take a look personally…..
All Areas Land Sold in July
If you want more in-depth information and a breakdown of different areas including East Vail, Cordillera, Vail Village, Lionshead, Vail Golf Course, West Vail, Beaver Creek and Bachelor Gulch download the full 18-page Vail Valley/Cordillera Real Estate Market Report July 2021!
Helping You Make Informed Decisions Regarding Vail Valley/Cordillera Real Estate
All the best to you. Please stay safe and share any questions or comments you might have regarding Vail Valley Real Estate or looking over this month’s Market Report.
I produce this monthly report to provide you with a high-level overview by looking at the patterns and trends. My goal is to help YOU make sense of the numbers so you can make an informed decision. It is my hope that this report helps you to ”See the Big Picture and All the Details!”
If you see a segment of the market that you would like additional help with understanding please contact me. Or if you desire a specific Home Estimate that I routinely prepare for my clients, please contact me, I would be happy to go to work and get that to you.
This report covers Single Family Homes, Condos, and Townhomes for the Vail Valley and Cordillera area which includes specific areas such as Cordillera, Vail Village, Lionshead, Vail Golf Course, East Vail, West Vail, Beaver Creek, and Bachelor Gulch.
You will also see a ”slice” of the data by Price Range and by Area for Single Family Homes and Condos & Townhomes to provide a more insightful view of the market.
How can I help you with Your Vail Valley/Cordillera Real Estate Needs?
This Vail Valley/Cordillera July 2021 Real Estate Market Report and the level of detail is representative of what you can expect from me as your Real Estate Agent. I hope I can provide the same amount of expertise and insight for you when you are looking to buy or sell in the Vail Valley/Cordillera area.
Are you wondering what your home is worth in the current market? Do you have questions or want more information about something in the market report? Do you desire a specific Home Estimate that I routinely prepare for my clients? Please contact me or visit this link to get the ball rolling.
Coldwell Banker Global Luxury Specialist
Coldwell Banker Distinctive Properties