Property Prices and Home Values on an Upward Trend for Vail Colorado

According to Coldwell Banker in Vail Colorado, home prices and property values have been  increasing over the last 6 months reaching an all time high for the past 5  years.

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.

 

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