REMI Names Vail, Colorado, as “Toby’s Choice” Market
Vail, CO (PRWEB) July 18, 2013 -- The Real Estate Marketing Insider announced that the high-mountain area of Eagle County, Colo., which includes ski resorts Eagle and Vail, had received REMI’s weekly “Toby’s Choice” award for a high-potential local market. The Insider praised Eagle County’s attractive surroundings and recreational options, while celebrating the recently-announced sales numbers from May of this year.
A report in the Vail Daily on July 3 featured the numbers from the county’s real estate market in May 2013. Still recovering from the real estate dip, which reached a nadir in 2009, Eagle’s sales continued their upward trend in May. The county documented 621 sales in May. This marks a year-over-year increase of 9 percent, with sales now on the rise for four straight years. Though the dollar figures aren’t quite as inspiring - this year’s sales volume is slightly lower than last year’s - the worry is offset by a sharp decrease in distressed sales and a strong base of middle-end sales, with over 100 sales below $1 million and a collective dollar volume of $37.9 million.
When recommending luxury real estate markets for realtors, REMI’s staff members are often concerned that the market’s ability for real estate lead generation won’t extend to high-price luxury properties, and may not sustain business for realtors who don’t specialize in luxury properties. With these latest sales numbers, Eagle County has proved that its sales growth of the last four years doesn’t just extend to the luxury properties so often associated with the resort towns. Realtors that can reach out to an upper middle class customer base can use Eagle County’s pristine surroundings, myriad outdoor recreation opportunities, and close proximity to Denver to attract buyers with little trouble. This “Toby’s Choice” market shows signs that it can support a strong mid-level real estate practice with the right agent at the helm.
The Real Estate Marketing Insider’s weekly “Toby’s Choice” award was presented to Eagle County, Colo. The resort county, home to Vail and Eagle ski destinations, recently boasted strong sales numbers and a solid four years of growth in real estate sales.
About the Real Estate Marketing Insider:
The Real Estate Marketing Insider is an online publication based in La Jolla, California. REMI offers up-to-the-minute news and in-depth analysis of the real estate market.
Real Estate Marketing Insider, Real Estate Marketing Insider, http://realestatemarketinginsider.com, (641) 715-3900 912955, [email protected]
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