Closings for existing homes sales were up 19.2% according to the National Association of Realtors (NAR). The surge was attributed largely to the federal homebuyers tax credit program which ended in April. Lawrence Yun, NAR chief economist, said he expects one more month of elevated home sales. “We are witnessing the ongoing effects of the home buyer tax credit, which we’ll also see in June real estate closings.” A NAR survey showed first-time homebuyers accounted for 46 percent of all home purchases in May, down from 49 percent in April, while investors accounted for 14 percent of home sales that month. The national median existing-home price for all housing types was $179,600 in May, up 2.7% from May 2009. In the West, existing-home sales rose 4.9% to an annual rate of 1.29 million in May and are 15.2% higher than May 2009. The median price in the West was $221,300 which is up 7.4% from a year ago. To read the entire report, visit http://www.realtor.org/press_room/news_releases/2010/06/may_strong_pace In the Vail Valley, May proved to be another optimistic month for Slifer Smith & Frampton Real Estate (SSFRE). New written contracts for May 2010 for just SSFRE were $66,657,360, as compared to May 2009 new written contracts of $38,233,735.
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Eagle - 8 Deals Red Sky - 1 Deal Cordillera – 4 Deals Edwards – 4 Deals Arrowhead – 3 Deals Bachelor Gulch – 3 Deals Beaver Creek – 8 Deals Avon – 4 Deals Lionshead – 4 Deals Vail – 10 Deals
Price Ranges: 0 - $275,000 -10 $275k - $500k - 6 $500k - $1million - 11 $1million - $3million - 17 $3million - $5million - 2
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