April Real Estate Sales Show Significant Increase
April real estate showed a significant gain over 2011 with both dollar volume and transactions above 2011 numbers. April had an increase of 24% in sales volume over last April with $124,475,200, and a 27% increase in transactions with 135. This creates an overall average sales price of $922,039 for April.
Nearly 75% of all residential transactions have sold with a sales price of $1 million or less in April. However, there were also 6 high end sales over $4 million that largely contributed to the total dollar volume. Vail Village hosted the highest price sale at $9.35 million in April followed by an $8 million sale also in Vail Village.
The Ritz Carlton and the Landmark both had sales in April bringing the average sale at the Ritz to just over $3.4 million and the Landmark to nearly $3 million.
There were 25 bank owned properties in April bringing the total to 81 for the year-to-date with an average sales price of $260,117 per sale.
- There were 5 areas with 10 or more transactions
- Vail Village had nearly 1/3 of the sales volume for the month and the average price was $914,055
- There were 12 commercial transactions