Vail area real estate sales top $1B for first half of 2017

VAIL, Colo. (AP) — 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.

The Vail Daily reports that 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.

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