October was the single best real estate month in Eagle County history!
Eagle County once again set the record for the most dollar volume in a single month with $601,738,961 in total sales volume in October! This surpasses the previous record, set just one month ago, with sales volume of $515M in September. Total dollar volume year to date passes $2.6B, exceeding 2019 year end volume, and on pace to have the highest dollar volume year, EVER! The previous year end high was $2.9B, set in 2007. These impressive numbers create an overall average sales price of $1,361,829.
While the sales volume is at an all time high, total transactions in October reached 447, which is also an historical high. The previous record for most transactions in a given month was 412 set in September, 2005. The top areas contributing to this record setting month was Eagle with 69 sales and Gypsum with 53. These 2 areas accounted for 27% of all transactions in October. Other areas with an impressive number of sales include Arrowhead (28), Eagle Vail (25), along with East Vail and Cordillera both having 23 sales. Vacant land sales have exploded this summer with 180 transactions through October. There were 47 lots sold in October, averaging $402,400 per transaction. This is an increase of 25% from 2019. You can see the complete breakdown by area on page 12 of the October Market Analysis.
Out of state buyers continue to purchase in Eagle County, accounting for nearly 1/3 of all sales. The trend continued in October with Texas and Florida as the 2 states with the most number of out of state buyers.