MICROMARKET REPORT
VAIL VALLEY | MID-YEAR 2020
MICROMARKET REPORT | Vail Valley resorts.livsothebysrealty.com
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VAIL VALLEY
TOWNS & NEIGHBORHOODS
19
17 18
14 15
16
12 13
10 5
8 11 9
4
3
1
2
7
6
Pictured on cover: 165 Forest Road, Vail
1.
East Vail
8. Avon
15. Edwards & Homestead
2. Vail Golf Course & Spraddle Creek
9. Beaver Creek
16. Edwards - Lake Creek Valley
3. Vail Village
10. Mountain Star
17. Cordillera Valley Club
4. Lionshead
11. Bachelor Gulch
18. Cordillera
5. West Vail & Cascade
12. Wildridge/Wildwood
19. Eagle, Eagle Ranch, Brush Creek &
6. Minturn
13. Arrowhead
7. Eagle-Vail
14. Edwards - Singletree
Gypsum
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VAIL VALLEY MARKET UPDATE With plenty to do from exploring the mountains, boutique shopping and dining at world-class restaurants, who wouldn’t want to live in the Vail Valley? Following the height of the pandemic, businesses have reopened their doors, with enhanced safety precautions still in place, to the locals and tourists who have been patiently awaiting a return to more normalized summer pastimes. People from all over venture to the Vail Valley’s mountain resort towns to enjoy cooler weather, sightseeing, and even find the perfect house to call home. LIV Sotheby’s International Realty produces a Micro Market Report focusing on the real estate performance for Eagle County, which makes up the Vail Valley, from January through June of 2020, compared to the same time period of 2019. Total sales volume for Eagle County January through June 2019 2020 % Change fell by 23.4% due to the lack of real estate activity Sold Listings (All Properties) 592 418 -29.4% caused by COVID-19 however, there were still Sold Single Family 192 136 -29.2% positive increases in various metrics throughout the Sold Condos/TH/DP 400 282 -29.5% Vail Valley that show that the market is recovering. Average Days on Market 134 138 3.0% The overall average sold price for homes in Eagle Average Sold Price $1,275,384 $1,383,340 8.5% County rose by 8.5%, bringing the average sold % Sold Price to List Price 96.4% 96.4% 0.0% price for homes in the area to $1,383,340.
EAGLE COUNTY
Total Sales Volume
$755,027,559
$578,236,373
-23.4%
There were 16 individual communities within the All Properties Vail Valley that experienced increases in average property prices. The most significant increase in average sold price reported in the area took place in Vail Village. Home prices for listings in Vail Village went from $3,167,300 between January and June of 2019 to $6,040,000 during the same time frame in 2020, a 90.7% increase. Even with less properties sold (five less homes), this much of an increase in average sold price is quite astounding. Bachelor Gulch had a rise in the number of properties sold through June of this year compared to January through June of last year. When looking at all property types, this community saw a 61.5% increase in listings sold. The town of Minturn also experienced a growth in the number of homes sold through June of this year. So far in 2020, there have been nine home sales, an 80% increase from January through June of last year when five homes sold. The Vail Valley’s unbeatable access to the outdoors as well as the community’s appreciation for the finer things in life make it a hub for tourism and real estate activity that will continue to thrive for years to come.
Based on Information from Vail Board of Realtors®. This representation is based in whole or in part on data supplied by Vail Board of Realtors®. Vail Board of Realtors® does not guarantee nor is in any way responsible for its accuracy. Data maintained by Vail Board of Realtors® may not reflect all real estate activity in the market.
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ARROWHEAD January through June
2019
Average Price
$2,123,884
$1,640,184
-22.8%
$610
$601
-1.5%
153
$174
13.7%
$9,300,000
$3,325,000
-64.2%
26
13
-50.0%
94.4%
94.9%
0.5%
Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2020
% Change
All Properties
2156 Cresta Road, Arrowhead
ARROWHEAD January through June
2019
2020
Average Price
$3,838,888
$2,787,500
-27.4%
$655
$511
-22.0%
160
197
23.1%
$9,300,000
$3,150,000
-66.1%
9
2
-77.8%
94.8%
94.5%
-0.3%
Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
% Change
Arrowhead, the westernmost village of Beaver Creek, offers skiers quick access to beginner and intermediate terrain on Beaver Creek Mountain.
Single Family Homes
17.7%
The average price for condos, townhomes,
duplexes and triplexes in the village of Arrowhead increased by 17.7% from January through June in 2020 compared to that of 2019.
ARROWHEAD January through June Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2019
2020
% Change
$1,215,941
$1,431,581
17.7%
$586
$617
5.3%
149
170
14.1%
$1,850,000
$3,325,000
79.7%
17
11
-35.3%
94.2%
94.9%
0.8%
Condominiums, Townhomes, Duplexes and Triplexes
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BACHELOR GULCH January through June
2019
2020
Average Price
$3,096,923
$2,510,238
-18.9%
$927
$908
-2.0%
200
174
-13.0%
$10,200,000
$9,500,000
-6.9%
13
21
61.5%
95.1%
94.6%
-0.5%
Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
% Change
All Properties
789 Holden Road, Beaver Creek
BACHELOR GULCH
Charmingly tucked away between Beaver Creek
January through June
2019
2020
and Arrowhead, Bachelor
Average Price
$7,565,000
$6,433,333
-15.0%
Gulch offers private
Average Price per Square Foot
$955
$797
-16.5%
mountainside living and
Average Days on Market
148
420
183.8%
access to a five-star
Highest Price
$10,200,000
$9,500,000
-6.9%
luxury resort-hotel, The
Properties Sold
3
3
0.0%
Ritz-Carlton, Bachelor
% Sold Price to List Price
98.7%
91.3%
-7.5%
Gulch.
% Change
Single Family Homes * There was only 1 property sold in 2019 and 2020 contributing to a significant skew in Average Days on Markets.
BACHELOR GULCH January through June
2019
2020
Average Price
$1,756,500
$1,856,388
5.7%
$918
$927
1.0%
215
133
-38.1%
$3,250,000
$3,875,000
19.2%
10
18
80.0%
94.1%
95.2%
1.2%
Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
% Change
5.7%
The average price for condos, townhomes,
duplexes and triplexes in the village of Bachelor Gulch increased by 5.7% in January through June in 2020 compared to that of 2019.
Condominiums, Townhomes, Duplexes and Triplexes
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BEAVER CREEK January through June Average Price
2019
$1,932,764
9.5%
$752
$781
3.9%
173
155
-10.4%
$6,950,000
$6,500,000
-6.5%
53
28
-47.2%
93.9%
95.3%
1.4%
Average Days on Market
Properties Sold % Sold Price to List Price
% Change
$1,764,744
Average Price per Square Foot
Highest Price
2020
35 Greystone Court, Beaver Creek
All Properties
BEAVER CREEK January through June Average Price
Beaver Creek delivers an 2019
$3,833,333
22.6%
$628
$631
0.5%
324
140
-56.8%
$6,950,000
$6,500,000
-6.5%
8
3
-62.5%
91.9%
92.7%
0.9%
Average Days on Market
Properties Sold % Sold Price to List Price
unmatched, unparalleled
% Change
$3,127,687
Average Price per Square Foot
Highest Price
2020
mountain vacation experience with upscale galleries, high-end boutiques, premium spa and lodging options, as well as some of the best skiing the Colorado Rocky
Single Family Homes
13.2%
Mountains has to offer.
BEAVER CREEK January through June
2019
Average Price
$1,506,443
$1,704,696
13.2%
$774
$799
3.2%
146
157
7.5%
$6,316,666
$6,000,000
-5.0%
45
25
-44.4%
94.3%
95.6%
1.3%
Average Price per Square Foot
The average price for condominiums,
Average Days on Market
townhomes, duplexes and triplexes increased
Highest Price
by 13.2% from January through June in 2020
Properties Sold
compared to that of 2019.
% Sold Price to List Price
2020
% Change
Condominiums, Townhomes, Duplexes and Triplexes
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CORDILLERA/VALLEY CLUB January through June Average Price
2019
$2,137,500
8.2%
$396
$395
-0.3%
210
252
20.0%
$4,000,000
$3,800,000
-5.0%
31
20
-35.5%
93.9%
94.3%
0.4%
Average Days on Market
Properties Sold % Sold Price to List Price
% Change
$1,975,457
Average Price per Square Foot
Highest Price
2020
8.2%
The average price for all properties in Cordillera/ Valley Club increased by 8.2% from January through June in 2020 compared to that of 2019.
All Properties
CORDILLERA The Club at Cordillera offers its members an
January through June
2019
Average Price
$1,643,226
$1,915,687
16.6%
$346
$358
3.5%
220
269
22.3%
$2,750,000
$3,800,000
38.2%
21
16
-23.8%
93.6%
93.9%
0.3%
Average Price per Square Foot
unparalleled lifestyle
Average Days on Market
experience, with access
Highest Price
to world-class golfing,
Properties Sold
exquisite dining, and lively
% Sold Price to List Price
events.
2020
% Change
All Properties
CORDILLERA VALLEY CLUB January through June Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price All Properties
2019
2020
% Change
$2,673,142
$3,025,000
13.2%
$501
$542
8.2%
187
187
0.0%
$4,000,000
$3,475,000
-13.1%
10
4
-60.0%
94.4%
95.7%
1.4%
144 Castle Peak Gate, Edwards
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EDWARDS & HOMESTEAD January through June Average Price
2019
$690,494
-4.8%
$365
$359
-1.6%
124
77
-37.9%
$3,700,000
$1,795,000
-51.5%
36
21
-41.7%
98.3%
97.8%
-0.4%
Average Days on Market
Properties Sold % Sold Price to List Price
% Change
$725,252
Average Price per Square Foot
Highest Price
2020
All Properties
901 Red Canyon Creek Road, Edwards
EDWARDS - LAKE CREEK
Positioned almost at the
January through June
2019
Average Price
$3,012,500
$1,710,000
-43.2%
$464
$509
9.7%
85
100
17.6%
$4,500,000
$2,250,000
-50.0%
2
4
100.0%
95.2%
93.6%
-1.7%
Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2020
center of the Eagle River
% Change
Valley, Edwards benefits from geography that lends well to rolling green golf courses – and receives less snow than the high peaks of the nearby ski mountains for a much more mild and
All Properties
sunny climate.
EDWARDS - SINGLETREE January through June
2019
Average Price
$1,030,500
$1,149,233
11.5%
$363
$338
-6.9%
120
127
5.8%
$2,050,000
$1,925,000
-6.1%
18
15
-16.7%
95.9%
94.7%
-1.2%
Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
33 Wilmor Drive, Edwards
2020
% Change
All Properties
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TOWN OF VAIL January through June
2019
2020
Average Price
$2,106,938
$2,353,596
11.7%
$972
$1,028
5.8%
180
206
14.4%
$17,250,000
$18,500,000
7.2%
129
101
-21.7%
94.7%
94.7%
0.0%
Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
Vail sits at an elevation
% Change
of 8,150 feet, receives over 335 inches of annual snowfall, and is home to one of the leading ski resorts in North America, Vail Ski Resort.
All Properties - Includes East Vail to West Vail South
40.4%
The average price for all properties in the
EAST VAIL January through June Average Price Average Price per Square Foot Average Days on Market Highest Price
neighborhood of East Vail increased by 40.4%
Properties Sold
from January through June in 2020 compared
% Sold Price to List Price
to that of 2019.
2019
2020
% Change
$918,968
$1,290,356
40.4%
$604
$663
9.8%
70
150
114.3%
$2,685,000
$4,481,125
66.9%
28
20
-28.6%
96.2%
96.7%
0.5% All Properties
WEST VAIL & CASCADE January through June
2019
Average Price
$1,521,590
$1,429,065
-6.1%
$626
$667
6.5%
106
87
-17.9%
$5,151,000
$5,378,000
4.4%
18
18
0.0%
95.7%
96.3%
0.7%
Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2020
% Change
All Properties - Includes West Vail North to West Vail South, Highland Meadows and Cascade
454 Beaver Cam Road, Vail
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MINTURN January through June Average Price
2019
% Change
$807,850
$764,444
-5.4%
$361
$398
10.2%
202
149
-26.2%
$1,400,000
$1,139,000
-18.6%
5
9
80.0%
93.4%
96.0%
2.8%
Average Price per Square Foot Average Days on Market Highest Price
2020
Properties Sold % Sold Price to List Price
All Properties
1305 W Wildwood Road, Mountain Star
MOUNTAIN STAR
The Town of Avon is
2019
Average Price
$3,045,000
-
-
Rocky Mountains of
$538
-
-
Colorado along the scenic
609
-
-
Eagle River. The town
$3,045,000
-
-
serves as a gateway to the
1
No Sales
-
world-class Beaver Creek
87.1%
-
-
Resort and is eight miles
Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2020
located in the stunning
January through June
% Change
west of world-famous Vail.
All Properties
WILDRIDGE/WILDWOOD January through June Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
208 Shooting Star, Mountain Star
2019
2020
% Change
$733,825
$1,111,450
51.5%
$306
$355
16.0%
87
130
49.4%
$1,350,000
$2,525,000
87.0%
20
10
-50.0%
97.0%
96.3%
-0.6% All Properties
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VAIL VILLAGE
90.7%
January through June
2019
2020
Average Price
$3,167,300
$6,040,000
90.7%
$1,631
$1,992
22.1%
409
387
-5.4%
$10,500,000
$18,500,000
76.2%
The average price for all properties in the Vail
25
20
-20.0%
Village increased by 90.7% from January
94.0%
89.6%
-4.7%
Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
% Change
through June in 2020 compared to that of 2019.
All Properties
LIONSHEAD January through June
2019
2020
Average Price
$2,310,016
$2,074,800
-10.2%
$1,412
$1,434
1.6%
155
211
36.1%
$8,500,000
$4,250,000
-50.0%
18
15
-16.7%
96.2%
96.1%
-0.1%
Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
% Change
All Properties
The Sebastian #310A/b, Vail
VAIL GOLF & SPRADDLE CREEK 2019
2020
Average Price
$5,368,750
$1,233,333
-77.0%
prestigious gated
$1,241
$652
-47.5%
communities, Spraddle
207
225
8.7%
Creek Estates offers
$17,250,000
$2,250,000
-87.0%
unparalleled views of Vail
12
3
-75.0%
Mountain and is bordered
90.7%
94.2%
3.9%
by National Forest.
Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
% Change
One of Vail’s most
January through June
All Properties
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EAGLE-VAIL, AVON & WILDRIDGE
The town of Eagle has over 100 miles of pristine
January through June
singletrack for mountain
Average Price
biking, hiking, trail
Average Price per Square Foot
running and horseback
Average Days on Market
riding in summer and
Highest Price
snowshoeing, Nordic skiing
Properties Sold
and backcountry skiing in
% Sold Price to List Price
2019
2020
% Change
$655,168
$844,212
28.9%
$437
$516
18.1%
99
89
-10.1%
$2,095,000
$2,525,000
20.5%
96
59
-38.5%
96.9%
97.3%
0.4%
winter.
All Properties
EAGLE & GYPSUM January through June Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2019
2020
20.0%
% Change
$511,457
$613,609
20.0%
$253
$273
7.9%
94
84
-10.6%
$1,145,000
$2,500,000
118.3%
The average price for all properties in Eagle and
135
87
-35.6%
Gypsum increased by 20.0% from January
99.0%
99.2%
0.3%
through June in 2020 compared to that of 2019.
All Properties - Includes Eagle Ranch, Brush Creek, Cotton Ranch/Chatfield
ALL OTHER VAIL AREAS January through June
2019
2020
Average Price
$1,209,324
$1,222,440
1.1%
$569
$609
7.0%
139
185
33.1%
$4,500,000
$3,850,000
-14.4%
33
25
-24.2%
94.4%
95.1%
0.8%
Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
9273 Brush Creek Road, Eagle
% Change
All Properties - Includes Booth Creek, Potato Patch, Sandstone, Lionsridge, Valley Ridge at Vail (Now Buffehr Creek), Highland Meadows
coloradomicroreports.com
WHY COLORADO?
% NATIONAL PARKS: 4
MOUNTAIN RANGES: 7
AVERAGE DAYS OF SUNSHINE ANNUALLY: 300
SKI AREAS & RESORTS:
CRAFT BREWERIES: 350+
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The life you love.
resorts.livsothebysrealty.com | coloradomicroreports.com Based on Information from Vail Board of Realtors®. This representation is based in whole or in part on data supplied by Vail Board of Realtors®. Vail Board of Realtors® does not guarantee nor is in any way responsible for its accuracy. Data maintained by Vail Board of Realtors® may not reflect all real estate activity in the market.
MICROMARKET REPORT | Vail Valley resorts.livsothebysrealty.com
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