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Market Analysis from 2020 Year End from Land Title

Brooke Franke Gagnon

Eagle County ends 2020 with $3.49B in total dollar volume!

What an incredible year 2020 was for real estate in Eagle County! We reached record highs and saw prices increase throughout the Valley. Eagle County ended 2020 as the best year ever with $3.49B in total dollar volume and 2,572 transactions. This created an overall average sales price of $1,386,084, 2nd only to 2007 when the average price was just $5,500 more; per the graph below.

Here's a look at a historical 2020 by the numbers:

$57,250,000; the highest-priced home sale ever in Eagle County (both sides of a duplex in Vail Village)
$533,346,131; Increase in year-end dollar volume over the next best year (2007)
$601,738,961; Highest total dollar volume in a single month (October), ever
447; Number of transactions in October - the most in any given month, ever
$1,489,028; Average sales price of a residential home
123; Properties sold in Cordillera - the most in 20 years
21%; Average price increase for a single-family home throughout Eagle County
248; Number of vacant residential land sales
83; Homes that sold for $5M or more
201; Total properties sold to buyers from Texas
30; Percent of buyers from out of state
$229,361,229; Total dollar volume for commercial sales
$4,481; Highest price per square foot for a residential home (one side of Vail Village duplex mentioned above)
$2,809; Average PPSF for a single-family home in Vail Village
14%; Percent increase in multi-family homes per square foot over 2019
218; Total number of new home sales
23; Land Title employees in Eagle County to assist you with your next transaction!

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Work With Brooke

Her vast knowledge of the area coupled with her international experience allows her to assist all local, second homeowner and international clientele alike. Contact her today!