Vail-area real estate sales strong in October | AspenTimes.com
YOUR AD HERE »

Vail-area real estate sales strong in October

Vail Daily Staff Report
Aspen, CO Colorado

VAIL, Colo. ” October was the biggest month so far this year for real estate in the Vail area, according to figures released Wednesday by the Land Title Guarantee Company.

The boost came from 40 closings worth about $32 million at the recently opened Westin Resort in Avon.

The total dollar volume for October was $167,624,200, with an overall average sales price of $956,373.

There were seven transactions of more than $4 million ” four of them were at the Willows in Vail.

Rod Slifer, founding partner of Slifer, Smith and Frampton Real Estate, said he felt the majority of the closings came from the Westin Resort and Arrabelle.

“If you pulled out those two, I think the number would be a lot lower,” he said. “If you go back a lot of years, the number of transactions has declined every year, but the dollar amount of the transactions have increased.”

With the economy struggling, Slifer said the report was good news for the Vail area.

“I think we all know the economy is slowing down,” he said. “We just need to hang in there.

“Snow would help, too,” he added, “but if we could have numbers like these every month, I’d be a happy man.”


Support Local Journalism

Support Local Journalism

Readers around Aspen and Snowmass Village make the Aspen Times’ work possible. Your financial contribution supports our efforts to deliver quality, locally relevant journalism.

Now more than ever, your support is critical to help us keep our community informed about the evolving coronavirus pandemic and the impact it is having locally. Every contribution, however large or small, will make a difference.

Each donation will be used exclusively for the development and creation of increased news coverage.

For tax deductible donations, click here.
 

Start a dialogue, stay on topic and be civil.
If you don't follow the rules, your comment may be deleted.

User Legend: iconModerator iconTrusted User