The average price for Eagle County residential real estate through March is $1,472,957; this is a 40% increase in the average price over last year at this time.

This increase in the average price is due to 8 residential properties that sold this March for over $4 million - that makes a total of 25 properties selling at over $4 million in January, February and March of this year.

There have been 380 transactions thus far in 2008, a decrease of 42% from last year and a decrease of 40% from 2006.

There were 6 transactions of commercial property totaling $40,565,100 that sold in March, the largest selling for $30 million.

This brought the total dollar volume for March to $228,388,700.

Lionshead and Beaver Creek are the two areas with the highest dollar volume thus far in 2008: Lionshead has sold $109,603,000 through March, largely contributed by Arrabelle; and Beaver Creek has sold $81,786,000.

March highlights:

Single family homes averaged $1,795,659

Multi-family homes averaged $1,210,556

Lionshead had the highest dollar volume at $43,570,000

Eagle had the most transactions with 22

I've attached the market statistics in a .PDF format for you to view. If you have any questions, please feel free to contact me: Ignacio M. de Iraola,  Managing Broker ignacio.deiraola@realliving.com

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Real Living Mountain Realty and Land Title Guarantee of Vail, CO