Brief by Allen Best
Real Estate – June 2005 – Colorado Central Magazine
The real estate boom is of such magnitude in the Vail-dominated Eagle Valley that there are now more real estate brokers, 670, than there are residential listings, 569. That’s only a third of the normal inventory.
“Properties don’t stay on the market very long at all. Sometimes it’s a matter of hours,” said Jim McVey of Slifer, Smith & Frampton, the valley’s largest real estate firm. Another broker, Michael Slevin, said some buyers are so eager that they make offers without actually setting foot on the properties – Internet virtual tours are enough. The average sales price during January was $687,000, reports the Vail Daily. Last year, more than $2.2 billion in real estate was sold in Eagle County.
