May shows increase in sales and transactions

May had 30% more transactions than our previous best month this year and the dollar volume showed an increase of 16%. 79 transactions were closed in May with a total sales volume of $70,751,600 which resulted in an average sales price of $895,590. Forty three percent of the transactions in May had a sales price less than $500,000. There was one sale over $3 million, a Chalet at Lodge at Vail that sold for $15.95 million.

Year-to-date the area with the most sales is Vail with 36. Vail is also the area with the highest dollar volume at $49,276,800.

Residential properties under $500,000 have accounted for the majority of sales of any price range so far this year with 65 transactions.

May Highlights:
Vail Village accounted for 31% of the total dollar volume with nearly $22 million in sales.
Vail Village also showed the highest average price, more than $5 million.
There were 34 multi-family homes that sold in May with an average sales price of more than $1.2 million.

- Information made available by Land Title Guarantee Company.