Luxury sales in a couple of Colorado’s premier ski regions are anything but downhill. The Denver Post reports on recent numbers from LIV Sotheby’s International and local MLS agencies that found an increase in the sales of $1 million-plus homes in Eagle and Summit counties. In Eagle County, home to world-class ski resorts Vail and Beaver Creek, sales were up, with 44 homes sold in September 2015 from 34 homes sold in September 2014. The average sales price per square foot in these time ranges had dropped from $823 in 2014 to $620 in 2015. Dan L. Fitchett, Jr., a managing broker with LIV Sotheby’s in the Vail Valley, spoke with the publication, saying that he did not expect the downward price-per-square-foot trend to continue in Eagle County.
"Even though September showed an increase in number of sales over September of the previous year, the price per square foot declined," said Dan L. Fitchett, Jr., managing broker, LIV Sotheby's International Realty, Vail Valley. "This is attributed to more sales out of the resort's core area, where the over-a-million dollar homes were larger in square foot size. We expect this trend to change with more purchases closer to the ski areas where the prices per square foot are much higher as we get closer to the ski season.