Vail Real Estate Tops $1 Billion

Real estate sales in the Vail area of Colorado have exceeded $1 billion for the first half of this year.

The last time Eagle County’s sales volume exceeded $1 billion in the first half of the year was 2008.

Sales this year were boosted by the $145 million sale in April of Park Hyatt Beaver Creek.

In addition, real estate agents say sales of high-end residential property have also been strong this year. There were 26 sales of $5 million or more in the first six months of this year. There have been another 25 sales this year between $3 million and $5 million. The highest price seen in June was $12.6 million.