MICROMARKET REPORT
VAIL VALLEY | Q3 2020
MICROMARKET REPORT | Vail Valley resorts.livsothebysrealty.com
JANUARY - SEPTEMBER 2020 • COLORADOMICROREPORTS.COM
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: 602 Bachelor Ridge Road, Bachelor Gulch
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
coloradomicroreports.com coloradomicroreports.com
VAIL VALLEY MARKET UPDATE
EAGLE COUNTY January through September
2019
2020
% Change
Sold Listings (All Properties)
983
1,009
2.6%
Sold Single Family
312
358
14.7%
Sold Condos/TH/DP
671
651
-3.0%
Average Days on Market
121
123
1.7%
$1,268,554
$1,601,877
26.3%
96.6%
96.8%
0.2%
$1,246,988,946
$1,616,294,426
29.6%
Average Sold Price % Sold Price to List Price Total Sales Volume
All Properties
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 Vail Valley Valley MICROMARKET REPORT REPORT || Vail
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JANUARY -- SEPTEMBER 2020 •• COLORADOMICROREPORTS.COM JANUARY SEPTEMBER 2020 COLORADOMICROREPORTS.COM
VAIL Nestled between the Gore and Sawatch Mountain Ranges lies the town of Vail, Colorado, located just 100 miles west of Denver. Established in 1966, Vail was founded by former members of the Army’s 10th Mountain Division who trained in the Vail Valley during World War II. Vail has since grown into one of the most famous alpine destinations in the world, hosting more open space than any other resort community in the United States. 350,000 acres of White River National Forrest surrounds the resort town creating a natural wonderland that attracts outdoor enthusiasts year-round. Vail offers a variety of summer activities including scenic nature trails for hiking, mountain biking, and horseback riding. Families can take in the majestic views of the Gore Range with a gondola ride, and experience Vail Mountain’s Epic Discovery which includes interpretive trails and the exciting forest flyer mountain coaster. Golf enthusiasts can partake in a challenging round at one of Vail’s multiple golf courses while being surrounded by the breathtaking views of the surrounding Holy Cross Wilderness area. For those looking to experience the town’s amenities, Vail offers a variety of boutique shops, luxury spas and world-class dining options to enjoy. Though large in size, the town of Vail retains a small town feel with cobblestone streets, old world Bavarian architecture and a friendly community for those who have chosen to call the town of Vail their home.
Vail Mountain has over 5,200
8,150 Feet
The Vail Valley offers over 300
acres of skiable terrain
above sea level
days of sunshine per year
coloradomicroreports.com
TOWN OF VAIL January through September
2019
2020
Average Price
$2,149,938
$2,755,932
28.2%
$919
$1,063
15.7%
140
154
10.0%
$20,750,000
$29,750,000
43.4%
212
229
8.0%
95.4%
95.8%
0.5%
Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
% Change
Vail sits at an elevation 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
EAST VAIL
41.2%
January through September Average Price Average Price per Square Foot Average Days on Market
The average price for all properties in the
Highest Price
neighborhood of East Vail increased by 41.2%
Properties Sold
from January through September in 2020
% Sold Price to List Price
compared to that of 2019.
2019
2020
% Change
$962,842
$1,359,938
41.2%
$613
$685
11.7%
58
92
58.6%
$3,950,000
$4,800,000
21.5%
47
62
31.9%
96.5%
98.0%
1.6% All Properties
WEST VAIL & CASCADE January through September Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2019
2020
% Change
$1,576,788
$1,502,223
-4.7%
$611
$653
6.9%
126
117
-7.1%
$5,151,000
$5,378,000
4.4%
42
50
19.0%
95.5%
96.5%
1.0%
All Properties - Includes West Vail North to West Vail South, Highland Meadows and Cascade
2243 Tahoe Drive, Vail
MICROMARKET REPORT | Vail Valley resorts.livsothebysrealty.com
JANUARY - SEPTEMBER 2020 • COLORADOMICROREPORTS.COM
VAIL VILLAGE 2019
Average Price
$3,906,274
$7,729,313
97.9%
$1,709
$2,154
26.0%
354
278
-21.5%
$19,000,000
$29,750,000
56.6%
The average price for all properties in the
31
42
35.5%
Vail Village increased by 97.9% from January
94.2%
91.6%
-2.7%
through September in 2020 compared to that
Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2020
% Change
97.9%
January through September
of 2019.
All Properties
LIONSHEAD January through September
2019
2020
Average Price
$2,233,852
$2,586,921
15.8%
$1,405
$1,487
5.8%
132
196
48.5%
$8,500,000
$6,700,000
-21.2%
25
32
28.0%
96.3%
95.4%
-0.9%
Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
% Change
All Properties
454 Beaver Dam Road, Vail
VAIL GOLF & SPRADDLE CREEK January through September Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2019
2020
% Change
One of Vail’s most prestigious gated
$5,172,127
$3,335,000
-35.5%
$1,162
$1,078
-7.2%
162
114
-29.6%
Creek Estates offers
$17,250,000
$11,950,000
-30.7%
unparalleled views of Vail
18
9
-50.0%
Mountain and is bordered
91.9%
96.3%
4.7%
communities, Spraddle
by National Forest.
All Properties
coloradomicroreports.com
MINTURN January through September Average Price
2019
% Change
$848,427
$769,676
-9.3%
$436
$418
-4.1%
136
171
25.7%
$1,400,000
$1,220,000
-12.9%
11
17
54.5%
94.7%
95.7%
1.1%
Average Price per Square Foot Average Days on Market Highest Price
2020
Properties Sold % Sold Price to List Price
All Properties
103 Lions Lane, Minturn
MOUNTAIN STAR January through September
2019
2020
Average Price
$3,045,000
$6,010,000
97.4%
Mountain Star is a gated
$538
$762
41.6%
community that provides
609
230
-62.2%
wide-open space and
$3,045,000
$8,530,000
180.1%
stunning views of the
1
4
300.0%
87.1%
93.3%
7.1%
Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
% Change
surrounding mountains
All Properties
WILDRIDGE/WILDWOOD January through September Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
587 Paintbrush, Avon
2019
2020
% Change
$867,342
$1,132,190
30.5%
$333
$371
11.4%
96
103
7.3%
$2,900,000
$2,525,000
-12.9%
35
28
-20.0%
97.0%
96.9%
-0.1% All Properties
MICROMARKET REPORT | Vail Valley resorts.livsothebysrealty.com
JANUARY - SEPTEMBER 2020 • COLORADOMICROREPORTS.COM
BEAVER CREEK Beaver Creek Resort is known for its world-class events and stunning beauty, delivering an unmatched, unparalleled Colorado mountain experience with upscale art galleries, high-end boutiques, premium spa and restaurant options, as well as some of the best skiing the Colorado Rocky Mountains have to offer. Located in the heart of this gated alpine community, Beaver Creek’s charming pedestrian plaza features an outdoor ice rink surrounded by cozy firepits and inviting seating areas and is home to many events and festivals throughout the year. The Vilar Performing Arts Center provides an intimate, acoustical venue for year-round live entertainment including Grammy award-winning artists, family extravaganzas, jazz music events, concerts, and celebrated theater performances. Summer activities are plentiful in Beaver Creek. Take a scenic chairlift ride on the Centennial Express Lift to the top of Beaver Creek Mountain, where you can hike numerous trails and take in the stunning views of the Gore Range and the village below. Discover miles of rolling, single-track mountain biking trails for all ability levels or experience the beauty of Beaver Creek on horseback. The Eagle River and Colorado River offer gold medal fly-fishing options and rafting adventures. Challenge yourself on world-renowned golf courses including Beaver Creek Golf Club and Red Sky Golf Club. Whether you enjoy speeding down the mountain on a mountain bike, spending an afternoon on the fairway or experiencing fine dining, Beaver Creek Resort provides a quintessential summer Colorado mountain experience in a luxury setting.
Over 1,800 acres of skiable
8,100 Feet
Located 30 miles from Eagle
terrain
above sea level
County Regional Airport (EGE)
coloradomicroreports.com
BEAVER CREEK January through September
2019
2020
Average Price
$1,628,046
$2,262,498
39.0%
$738
$839
13.7%
180
168
-6.7%
$6,950,000
$12,375,000
78.1%
85
59
-30.6%
94.1%
95.8%
1.8%
Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
% Change
3483 Daybreak Ridge Road, Avon
All Properties
BEAVER CREEK January through September
Beaver Creek delivers an 2019
$5,465,000
74.5%
$629
$784
24.6%
288
166
-42.4%
$6,950,000
$12,375,000
78.1%
9
6
-33.3%
92.2%
94.9%
3.0%
Average Price per Square Foot Average Days on Market
Properties Sold % Sold Price to List Price
unmatched, unparalleled
% Change
$3,132,111
Average Price
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
31.0%
Mountains has to offer.
BEAVER CREEK January through September
2019
2020
Average Price
$1,449,933
$1,899,950
31.0%
$751
$845
12.5%
167
169
1.2%
$6,316,666
$8,150,000
29.0%
76
53
-30.3%
94.3%
95.9%
1.7%
Average Price per Square Foot
The average price for condominiums,
Average Days on Market
townhomes, duplexes and triplexes increased
Highest Price
by 31.0% from January through September in
Properties Sold
2020 compared to that of 2019.
% Sold Price to List Price
% Change
Condominiums, Townhomes, Duplexes and Triplexes
MICROMARKET REPORT | Vail Valley resorts.livsothebysrealty.com
JANUARY - SEPTEMBER 2020 • COLORADOMICROREPORTS.COM
BACHELOR GULCH January through September
2019
2020
Average Price
$2,783,888
$3,245,556
16.6%
$904
$960
6.2%
209
162
-22.5%
$10,200,000
$12,995,000
27.4%
18
44
144.4%
95.1%
95.2%
0.1%
Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
% Change
All Properties
168 Peak View, Bachelor Gulch
BACHELOR GULCH
Charmingly tucked away between Beaver Creek and Arrowhead, Bachelor
January through September
2019
Average Price
$7,565,000
$7,381,750
-2.4%
$955
$933
-2.3%
148
297
100.7%
$10,200,000
$12,995,000
27.4%
3
10
233.3%
98.7%
93.6%
-5.2%
Average Price per Square Foot
Gulch offers private
Average Days on Market
mountainside living and
Highest Price
access to a five-star luxury
Properties Sold
resort-hotel, The Ritz-
% Sold Price to List Price
Carlton, Bachelor Gulch.
2020
% 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 September Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2019
2020
% Change
$1,827,666
$2,029,029
11.0%
$894
$968
8.3%
221
123
-44.3%
$3,250,000
$3,875,000
19.2%
15
34
126.7%
94.3%
95.6%
1.4%
11.0%
The average price for condos, townhomes, duplexes and triplexes in the village of Bachelor Gulch increased by 11.0% in January through September in 2020 compared to that of 2019.
Condominiums, Townhomes, Duplexes and Triplexes
coloradomicroreports.com
ARROWHEAD January through September
2019
2020
Average Price
$1,930,023
$2,248,575
16.5%
$617
$618
0.2%
146
$180
23.3%
$9,300,000
$13,500,000
45.2%
42
49
16.7%
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
133 S Fairway Drive, Beaver Creek
ARROWHEAD January through September
2019
Average Price
$3,736,458
$4,133,071
10.6%
$670
$638
-4.8%
178
303
70.2%
$9,300,000
$13,500,000
45.2%
12
14
16.7%
94.9%
92.7%
-2.3%
Average Price per Square Foot
2020
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
23.8%
The average price for condos, townhomes, duplexes and triplexes in the village of
Arrowhead increased by 23.8% from January through September in 2020 compared to that of 2019.
ARROWHEAD January through September Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2019
2020
% Change
$1,207,450
$1,494,777
23.8%
$596
$610
2.3%
133
131
-1.5%
$1,900,000
$3,375,000
77.6%
30
35
16.7%
95.1%
95.4%
0.3%
Condominiums, Townhomes, Duplexes and Triplexes
MICROMARKET REPORT | Vail Valley resorts.livsothebysrealty.com
JANUARY - SEPTEMBER 2020 • COLORADOMICROREPORTS.COM
EDWARDS Edwards is a mountain town defined by world-class recreation with an authentic small-town feel. Established in 1984, the unincorporated town is nestled in the heart of the Vail Valley just five miles west of Beaver Creek, 15 miles west of Vail, and 110 miles west of Denver. Ideally situated below the Sawatch Mountain Range with the Eagle River running through it, Edwards is a scenic place to live, work, and play. On any given day you will find residents strolling along the Riverwalk, an area located on the Eagle River that is comprised of boutique shops, restaurants, local businesses, and a movie theater. Summer days are enjoyed with concerts at the Edwards Riverwalk Backyard Amphitheater, bike riding on the Eagle Valley recreational path, fly fishing, and rafting adventures. For the winter season, skiers and snowboarders have easy access to Beaver Creek Mountain from nearby Arrowhead, one of the three distinct Villages of Beaver Creek. What makes Edwards truly unique is its neighborhoods, some located within the Edwards Metropolitan District, and others with a district of their own. All of these neighborhoods encompass the greater Edwards area and offer a distinct sense of place, with natural beauty and amenity-rich attractions at their core.
Edwards is an unincorporated
7,226 Feet
Home to the Club at Cordillera
town, established in 1984
above sea level
with 3 world class golf courses
coloradomicroreports.com
EDWARDS & HOMESTEAD January through September Average Price
2019
% Change
$731,394
$739,417
1.1%
$365
$384
5.2%
78
54
-30.8%
$3,700,000
$1,795,000
-51.5%
79
56
-29.1%
97.7%
97.8%
0.1%
Average Price per Square Foot Average Days on Market Highest Price
2020
Properties Sold % Sold Price to List Price
All Properties
292 Aspen Meadows Rd, Edwards
EDWARDS - LAKE CREEK
Positioned almost at the
January through September
2019
Average Price
$2,558,000
$1,876,875
-26.6%
$454
$471
3.7%
159
164
3.1%
$4,850,000
$2,895,000
-40.3%
10
8
-20.0%
94.1%
95.1%
1.0%
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 September
2019
Average Price
$1,165,040
$1,283,210
10.1%
$373
$384
2.9%
102
103
1.0%
$2,175,000
$3,375,000
55.2%
40
42
5.0%
96.3%
96.0%
-0.3%
Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
1770 Beard Creek Trail, Cordillera
2020
% Change
All Properties
MICROMARKET REPORT | Vail Valley resorts.livsothebysrealty.com
JANUARY - SEPTEMBER 2020 • COLORADOMICROREPORTS.COM
CORDILLERA/VALLEY CLUB January through September
2019
2020
Average Price
$2,448,668
$2,090,916
-14.6%
$414
$382
-7.7%
222
238
7.2%
$15,454,000
$3,800,000
-75.4%
45
62
37.8%
93.3%
94.8%
1.6%
Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
% Change
All Properties – Includes Cordillera Valley Club, Cordillera Divide, Cordillera Ranch, Cordillera Summit, Colorow Squaw Creek
722 Granite Springs Trail, Edwards
CORDILLERA The Club at Cordillera offers its members an
January through September
2019
Average Price
$2,293,827
$1,905,748
-16.9%
$373
$349
-6.4%
258
263
1.9%
$15,454,000
$2,800,000
-81.9%
31
52
67.7%
92.7%
94.6%
2.1%
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 – Includes Cordillera Divide, Cordillera Ranch, Cordillera Summit, Colorow Squaw Creek
CORDILLERA VALLEY CLUB January through September
2019
2020
Average Price
$2,791,530
$3,053,790
9.4%
$504
$552
9.5%
143
109
-23.8%
$4,650,000
$3,500,000
-24.7%
14
10
-28.6%
94.8%
96.0%
1.2%
Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
9.4%
% Change
The average price for all properties in Cordillera Valley Club increased by 9.4% from January through September in 2020 compared to that of 2019.
All Properties
coloradomicroreports.com
EAGLE-VAIL, AVON & WILDRIDGE
Avon is nestled at the base
January through September
of Beaver Creek Resort,
2019
Average Price
and features Harry A. Nottingham Park which
Average Price per Square Foot
provides a variety of
Average Days on Market
activities, open space and
Highest Price
trails to enjoy year round,
Properties Sold
including Nottingham Lake.
% Sold Price to List Price
2020
% Change
$730,253
$838,896
14.9%
$439
$476
8.4%
95
86
-9.5%
$2,900,000
$3,500,000
20.7%
167
160
-4.2%
97.0%
97.2%
0.2% All Properties
EAGLE & GYPSUM January through September Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2019
2020
14.9%
% Change
$544,292
$625,522
14.9%
$255
$265
3.9%
94
72
-23.4%
$3,999,000
$2,500,000
-37.5%
235
232
-1.3%
and Gypsum increased by 14.9% from January
99.1%
99.3%
0.2%
through September in 2020 compared to that
The average price for all properties in Eagle
of 2019.
All Properties - Includes Eagle Ranch, Brush Creek, Cotton Ranch/Chatfield
ALL OTHER VAIL AREAS January through September Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
78 Rue Du Prince, Edwards
2019
2020
% Change
$1,582,179
$1,294,448
-18.2%
$630
$616
-2.2%
106
181
70.8%
$20,750,000
$5,000,000
-75.9%
54
39
-27.8%
95.1%
95.9%
0.8%
All Properties - Includes Booth Creek, Potato Patch, Sandstone, Lionsridge, Valley Ridge at Vail (Now Buffehr Creek), Highland Meadows
MICROMARKET REPORT | Vail Valley resorts.livsothebysrealty.com
JANUARY - SEPTEMBER 2020 • COLORADOMICROREPORTS.COM
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
JANUARY - SEPTEMBER 2020 • COLORADOMICROREPORTS.COM
