HAS
THE REAL ESTATE MARKET HIT THE BOTTOM IN THE
VAIL VALLEY?
That is the question
I get asked the most these days and it is the hardest to answer. Prices have certainly come down significantly from the peak in 2007 but timing the bottom in any market, not just real estate, is nearly impossible. By the time the bottom has been reached, prices have already started to increase and savvy buyers have plucked the prime properties and best values from the inventory. In 2011, there were 1,357 total transactions in Eagle County which was 9% above 2010. That number of deals is 45% above 2009. Sales volume for 2011 ended at $1,158,048,856 which was down 23% from 2010 but was an increase of 29% over 2009.* The overall average sales price in 2011 was $857,858. As you can see in the following graphs, Eagle County is at 2006 average price levels. The average sales price decreased as bank sales rose. Gypsum had the most bank-owned sales with 95 while Eagle had 73. In contrast, there were 11 in Vail and 2 in Beaver Creek. According to numbers compiled by Land Title Guarantee Company, after taking the appreciation and depreciation since 1987 there has been an overall average appreciation of 7.71% each year. The high-end market saw 40 residential sales over $4 million per the Vail MLS for a total of $266,859,750. The highest sale of 2011 was a Slifer Smith & Frampton listing in Vail that sold for $12.5 million. There was one residential homesite sale over $4 million in Eagle County which sold in Vail for $6.825 million and was also a Slifer Smith & Frampton listing. There are a number of factors that we are watching in 2012 that we believe will benefit the Vail Valley. Mortgage rates are at the lowest levels and availability of credit still continues to loosen. Inventory levels reached a 4 year low in January 2012 at 1,441 including residential and land and remains stable. Our local economy continues to improve compared to other resort markets. Optimistic. That is the word I would like to end with. Last year we said we were cautiously optimistic and this year I am removing the word cautiously. We expect that the real estate market in 2012 will outperform last year. This year also marks the 50th year anniversary of Slifer Smith & Frampton. The Vail Valley has changed dramatically since 1962, so has real estate. Each market has brought new challenges but also opportunities. As we reflect on the past five decades in business we are excited about the road ahead. With Warm Regards, Jim Flaum President and Managing Broker Slifer Smith & Frampton Real Estate *Eagle County numbers compiled by Land Title Guarantee Company
2011 SL I FE R R E P O R T
3
e ag l e c o u n t y ov e r v i e w t r a n s ac t i o n vo l u m e c o m pa r i s o n
NUMBER OF TR ANSAC TIONS
5,000
4,000
4,023 3,293
3,000
3,115 2,688
2,597 2,000
2,334 1,606 1,250
1,000
0
1,357
938
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
s a l e s vo l u m e c o m pa r i s o n $2.960
$3.0
$2.800 $2.754
$2.5 $2.225
$2.235
$2.0
$1.5
$1.499 $1.471
$1.497 $1.158 $0.898
BILLIONS
$1.0
$0.5
$0.0
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
Source of all data contained in this report is the Vail Board of Realtors, Multiple Listing Service. Information is deemed reliable but not guaranteed. Consult your Slifer Smith & Frampton Broker for more information. Š2012 Slifer Smith & Frampton Real Estate
4
2011 Sl i fe r R e p o r t
vail vill age & Lionshe ad S i n g l e - Fa m i ly/ D u p l e x Sales Volume
No. of Sales
Aver age Days on Market
Aver age Sale
Median Sale
2007
$125,617,500
18
593
$6,978,750
$6,500,000
2008*
$185,425,000
16
250
$11,589,063
$12,300,000
2009**
$24,250,000
3
231
$8,083,333
$5,450,000
2010
$16,887,000
3
548
$5,629,000
$5,400,000
2011
$42,650,000
5
266
$8,530,000
$7,500,000
*Includes 12 duplex sales from The Chalets at the Lodge At Vail in 2008. **There were three duplexes and no single-family sales in 2009.
condominium / townhome Sales Volume
No. of Sales
Aver age Days on Market
Aver age Sale
Median Sale
2007
$88,814,050
39
177
$2,277,283
$1,565,000
2008*
$468,767,448
132
710
$3,551,269
$2,895,000
2009
$70,967,000
35
357
$2,027,629
$1,300,000
2010**
$339,371,812
108
499
$3,142,332
$2,450,000
2011†
$187,149,130
67
307
$2,793,271
$2,301,605
*Includes 80 Condominium Sales from The Arrabelle at Vail Square in 2008. **Includes 18 condomimium sales at Solaris at Vail in 2010 for $124,821,736. Includes 15 condominium sales at The Ritz Carlton, Vail in 2010 for $44,177,216. †Includes 16 condominium sales at The Ritz-Carlton, Vail for $52,690,000.
p r i c e p e r s q ua r e f o o t c o m pa r i s o n Single-Family/Duplex average
2007
2008
2009
2010
2011
$1,387
$2,189
$1,943
$1,324
$1,907
condominium / townhome average
2007
2008
2009
2010
2011
$1,630
$1,388
$1,234
$1,468
$1,338
S ALE PRICE V S LI S T PRICE COMPARI S ON Single-Family/Duplex AVERAGE OF SALE PRICE/LAST LISTED PRICE
84.63%
condominium / townhome AVERAGE OF SALE PRICE/LAST LISTED PRICE
88.27%
Source of all data contained in this report is the Vail Board of Realtors, Multiple Listing Service. Information is deemed reliable but not guaranteed. Consult your Slifer Smith & Frampton Broker for more information. ©2012 Slifer Smith & Frampton Real Estate
6
2011 Sl i fe r R e p o r t
vail golf course, spraddle creek & Cascade Village S i n g l e - Fa m i ly/ D u p l e x Sales Volume
No. of Sales
Aver age Days on Market
Aver age Sale
Median Sale
2007
$32,007,500
10
393
$3,200,750
$2,800,000
2008
$18,199,000
4
196
$4,549,750
$3,824,500
2009*
$5,520,000
3
175
$1,840,000
$2,000,000
2010
$18,750,000
5
228
$3,750,000
$4,050,000
2011*
$15,000,000
3
219
$5,000,000
$3,200,000
*There were three duplex and no single-family sales in 2009 and 2011.
condominium / townhome Sales Volume
No. of Sales
Aver age Days on Market
Aver age Sale
Median Sale
2007
$44,541,540
25
291
$1,781,662
$1,845,000
2008
$10,544,000
7
172
$1,506,286
$1,549,000
2009
$8,230,000
5
159
$1,646,000
$1,795,000
2010
$5,845,000
4
507
$1,461,250
$1,550,000
2011
$9,089,000
7
327
$1,298,429
$1,500,000
p r i c e p e r s q ua r e f o o t c o m pa r i s o n Single-Family/Duplex average
2007
2008
2009
2010
2011
$772
$1,163
$531
$669
$1,113
condominium / townhome average
2007
2008
2009
2010
2011
$921
$867
$908
$832
$685
S ALE PRICE V S LI S T PRICE COMPARI S ON Single-Family/Duplex AVERAGE OF SALE PRICE/LAST LISTED PRICE
87.98%
condominium / townhome AVERAGE OF SALE PRICE/LAST LISTED PRICE
90.32%
Source of all data contained in this report is the Vail Board of Realtors, Multiple Listing Service. Information is deemed reliable but not guaranteed. Consult your Slifer Smith & Frampton Broker for more information. Š2012 Slifer Smith & Frampton Real Estate
2011 Sl i fe r R e p o r t
7
vail - all other are a s S i n g l e - Fa m i ly/ D u p l e x Sales Volume
No. of Sales
Aver age Days on Market
Aver age Sale
Median Sale
2007
$73,916,500
37
237
$1,997,743
$1,551,000
2008
$68,286,350
37
234
$1,830,104
$1,675,000
2009
$53,015,475
33
268
$1,606,530
$1,400,000
2010
$76,640,500
46
325
$1,666,098
$1,500,000
2011
$58,861,385
42
308
$1,401,462
$1,112,500
Sales Volume
No. of Sales
Aver age Days on Market
Aver age Sale
Median Sale
2007
$56,569,329
100
135
$565,693
$550,000
2008
$37,085,500
70
169
$529,793
$529,750
2009
$20,823,900
44
198
$473,270
$423,750
2010
$35,112,000
71
337
$494,535
$430,000
2011
$35,852,885
81
222
$442,628
$380,000
condominium / townhome
p r i c e p e r s q ua r e f o o t c o m pa r i s o n Single-Family/Duplex average
2007
2008
2009
2010
2011
$602
$571
$454
$442
$404
condominium / townhome average
2007
2008
2009
2010
2011
$507
$491
$409
$375
$357
S ALE PRICE V S LI S T PRICE COMPARI S ON Single-Family/Duplex AVERAGE OF SALE PRICE/LAST LISTED PRICE
86.52%
condominium / townhome AVERAGE OF SALE PRICE/LAST LISTED PRICE
91.56%
Source of all data contained in this report is the Vail Board of Realtors, Multiple Listing Service. Information is deemed reliable but not guaranteed. Consult your Slifer Smith & Frampton Broker for more information. Š2012 Slifer Smith & Frampton Real Estate
8
2011 Sl i fe r R e p o r t
e aglevail S i n g l e - Fa m i ly/ D u p l e x Sales Volume
No. of Sales
Aver age Days on Market
Aver age Sale
Median Sale
2007
$27,244,500
30
144
$908,150
$797,000
2008
$18,307,900
22
194
$832,177
$715,000
2009
$6,761,250
11
248
$614,659
$535,000
2010
$14,833,000
22
251
$674,227
$565,750
2011
$17,460,000
22
160
$793,636
$525,000
Sales Volume
No. of Sales
Aver age Days on Market
Aver age Sale
Median Sale
2007
$20,358,600
42
147
$484,730
$448,000
2008
$8,820,500
21
194
$420,024
$400,000
2009
$5,970,250
15
146
$398,017
$380,000
2010
$7,317,074
21
200
$348,432
$307,000
2011
$7,216,770
25
151
$288,671
$299,000
condominium / townhome
p r i c e p e r s q ua r e f o o t c o m pa r i s o n Single-Family/Duplex average
2007
2008
2009
2010
2011
$335
$326
$283
$256
$221
condominium / townhome average
2007
2008
2009
2010
2011
$325
$328
$261
$252
$214
S ALE PRICE V S LI S T PRICE COMPARI S ON Single-Family/Duplex AVERAGE OF SALE PRICE/LAST LISTED PRICE
89.53%
condominium / townhome AVERAGE OF SALE PRICE/LAST LISTED PRICE
93.10%
Source of all data contained in this report is the Vail Board of Realtors, Multiple Listing Service. Information is deemed reliable but not guaranteed. Consult your Slifer Smith & Frampton Broker for more information. Š2012 Slifer Smith & Frampton Real Estate
2011 Sl i fe r R e p o r t
9
avon & wildridge S i n g l e - Fa m i ly/ D u p l e x Sales Volume
No. of Sales
Aver age Days on Market
Aver age Sale
Median Sale
2007
$36,753,555
35
216
$1,050,102
$970,000
2008
$14,358,870
11
229
$1,435,887
$1,500,000
2009
$10,853,616
11
306
$986,692
$900,000
2010
$8,998,250
13
283
$692,173
$675,000
2011
$7,381,700
11
131
$671,064
$515,000
Sales Volume
No. of Sales
Aver age Days on Market
Aver age Sale
Median Sale
2007
$38,177,554
89
123
$444,269
$335,000
2008
$117,489,774
159
520
$738,929
$479,750
2009
$13,123,500
29
395
$452,534
$360,000
2010
$56,476,141
123
689
$459,156
$321,750
2011*
$47,941,568
109
127
$439,831
$399,000
condominium / townhome
*Includes 41 sales at THE ASCENT for $25,709,000.
p r i c e p e r s q ua r e f o o t c o m pa r i s o n Single-Family/Duplex average
2007
2008
2009
2010
2011
$329
$354
$268
$229
$207
condominium / townhome average
2007
2008
2009
2010
2011
$374
$859
$416
$397
$331
S ALE PRICE V S LI S T PRICE COMPARI S ON Single-Family/Duplex AVERAGE OF SALE PRICE/LAST LISTED PRICE
93.12%
condominium / townhome AVERAGE OF SALE PRICE/LAST LISTED PRICE
96.24%
Source of all data contained in this report is the Vail Board of Realtors, Multiple Listing Service. Information is deemed reliable but not guaranteed. Consult your Slifer Smith & Frampton Broker for more information. Š2012 Slifer Smith & Frampton Real Estate
10
2011 Sl i fe r R e p o r t
mountain star S i n g l e - Fa m i ly/ D u p l e x Sales Volume
No. of Sales
Aver age Days on Market
Aver age Sale
Median Sale
2007
$12,075,000
3
474
$4,025,000
$4,000,000
2008
$3,750,000
1
812
$3,750,000
$3,750,000
2009
$21,980,000
3
299
$7,326,667
$3,600,000
2010
$12,100,000
3
579
$4,033,333
$4,200,000
2011
$9,870,000
3
507
$3,290,000
$3,500,000
p r i c e p e r s q ua r e f o o t c o m pa r i s o n Single-Family/Duplex average
2007
2008
2009
2010
2011
$576
$481
$822
$575
$570
S ALE PRICE V S LI S T PRICE COMPARI S ON Single-Family/Duplex AVERAGE OF SALE PRICE/LAST LISTED PRICE
92.68%
Source of all data contained in this report is the Vail Board of Realtors, Multiple Listing Service. Information is deemed reliable but not guaranteed. Consult your Slifer Smith & Frampton Broker for more information. Š2012 Slifer Smith & Frampton Real Estate
2011 Sl i fe r R e p o r t
11
singletree S i n g l e - Fa m i ly/ D u p l e x Sales Volume
No. of Sales
Aver age Days on Market
Aver age Sale
Median Sale
2007
$60,828,763
60
159
$1,013,813
$892,138
2008
$33,966,750
28
213
$1,213,098
$960,000
2009
$26,804,136
27
212
$992,746
$870,000
2010
$17,811,260
21
297
$848,155
$730,000
2011
$25,744,687
29
252
$887,748
$755,000
Sales Volume
No. of Sales
Aver age Days on Market
Aver age Sale
Median Sale
2007
$1,591,400
3
136
$530,467
$524,900
2008
$2,845,800
4
205
$711,250
$697,500
2009
$1,817,000
3
294
$605,667
$535,000
2010
$2,481,500
5
403
$496,300
$450,000
2011
$2,343,000
4
337
$585,750
$650,000
condominium / townhome
p r i c e p e r s q ua r e f o o t c o m pa r i s o n Single-Family/Duplex average
2007
2008
2009
2010
2011
$357
$373
$302
$274
$264
condominium / townhome average
2007
2008
2009
2010
2011
$419
$364
$381
$314
$268
S ALE PRICE V S LI S T PRICE COMPARI S ON Single-Family/Duplex AVERAGE OF SALE PRICE/LAST LISTED PRICE
87.92%
condominium / townhome AVERAGE OF SALE PRICE/LAST LISTED PRICE
88.58%
Source of all data contained in this report is the Vail Board of Realtors, Multiple Listing Service. Information is deemed reliable but not guaranteed. Consult your Slifer Smith & Frampton Broker for more information. Š2012 Slifer Smith & Frampton Real Estate
12
2011 Sl i fe r R e p o r t
be aver creek vill age S i n g l e - Fa m i ly/ D u p l e x Sales Volume
No. of Sales
Aver age Days on Market
Aver age Sale
Median Sale
2007
$175,922,657
32
493
$5,497,592
$4,832,500
2008
$78,716,106
16
328
$4,919,757
$5,112,500
2009
$28,100,000
4
137
$7,025,000
$4,850,000
2010
$81,017,000
13
262
$6,232,077
$5,567,000
2011
$28,481,000
8
481
$3,560,125
$2,850,000
Sales Volume
No. of Sales
Aver age Days on Market
Aver age Sale
Median Sale
2007
$195,311,150
132
354
$1,479,630
$1,402,400
2008
$82,715,282
49
212
$1,688,067
$1,350,000
2009
$57,961,081
30
302
$1,932,036
$1,721,791
2010
$95,016,000
54
287
$1,759,556
$1,472,500
2011
$79,669,000
59
339
$1,350,322
$1,083,000
condominium / townhome
p r i c e p e r s q ua r e f o o t c o m pa r i s o n Single-Family/Duplex average
2007
2008
2009
2010
2011
$904
$873
$937
$845
$635
condominium / townhome average
2007
2008
2009
2010
2011
$812
$892
$785
$781
$673
S ALE PRICE V S LI S T PRICE COMPARI S ON Single-Family/Duplex AVERAGE OF SALE PRICE/LAST LISTED PRICE
89.34%
condominium / townhome AVERAGE OF SALE PRICE/LAST LISTED PRICE
90.44%
Source of all data contained in this report is the Vail Board of Realtors, Multiple Listing Service. Information is deemed reliable but not guaranteed. Consult your Slifer Smith & Frampton Broker for more information. Š2012 Slifer Smith & Frampton Real Estate
2011 Sl i fe r R e p o r t
13
bachelor gulch vill age S i n g l e - Fa m i ly/ D u p l e x Sales Volume
No. of Sales
Aver age Days on Market
Aver age Sale
Median Sale
2007
$87,675,000
12
214
$7,306,250
$6,850,000
2008
$37,425,000
4
263
$9,356,250
$9,550,000
2009
$35,500,000
5
421
$7,100,000
$6,750,000
2010
$13,750,000
2
403
$6,875,000
$6,875,000
2011
$66,398,750
10
521
$6,639,875
$7,050,000
Sales Volume
No. of Sales
Aver age Days on Market
Aver age Sale
Median Sale
2007
$111,404,500
50
276
$2,228,090
$2,096,250
2008
$68,324,000
25
220
$2,732,960
$2,350,000
2009
$20,900,000
9
341
$2,322,222
$2,150,000
2010
$28,415,200
14
454
$2,029,657
$1,750,000
2011
$32,378,000
15
410
$2,158,533
$2,000,000
condominium / townhome
p r i c e p e r s q ua r e f o o t c o m pa r i s o n Single-Family/Duplex average
2007
2008
2009
2010
2011
$992
$1,115
$980
$895
$877
condominium / townhome average
2007
2008
2009
2010
2011
$1,155
$1,240
$832
$781
$784
S ALE PRICE V S LI S T PRICE COMPARI S ON Single-Family/Duplex AVERAGE OF SALE PRICE/LAST LISTED PRICE
90.20%
condominium / townhome AVERAGE OF SALE PRICE/LAST LISTED PRICE
89.49%
Source of all data contained in this report is the Vail Board of Realtors, Multiple Listing Service. Information is deemed reliable but not guaranteed. Consult your Slifer Smith & Frampton Broker for more information. Š2012 Slifer Smith & Frampton Real Estate
14
2011 Sl i fe r R e p o r t
arrowhe ad vill age S i n g l e - Fa m i ly/ D u p l e x Sales Volume
No. of Sales
Average Days on Market
Average Sale
Median Sale
2007
$111,158,261
37
173
$3,004,277
$2,600,000
2008
$66,654,500
16
257
$4,103,406
$3,531,250
2009
$54,825,000
20
319
$2,741,250
$1,992,500
2010
$38,475,000
20
367
$1,923,750
$1,662,500
2011
$55,607,500
26
412
$2,138,750
$1,650,000
Sales Volume
No. of Sales
Average Days on Market
Average Sale
Median Sale
2007
$39,112,004
27
240
$1,448,593
$1,337,500
2008
$22,916,000
18
182
$1,273,111
$1,242,500
2009
$11,406,500
14
259
$814,750
$680,000
2010
$13,243,500
17
352
$779,029
$585,000
2011
$9,201,500
11
238
$836,000
$900,000
condominium / townhome
p r i c e p e r s q ua r e f o o t c o m pa r i s o n Single-Family/Duplex average
2007
2008
2009
2010
2011
$577
$666
$547
$439
$428
condominium / townhome average
2007
2008
2009
2010
2011
$710
$671
$520
$501
$459
S ALE PRICE V S LI S T PRICE COMPARI S ON Single-Family/Duplex AVERAGE OF SALE PRICE/LAST LISTED PRICE
87.98%
condominium / townhome AVERAGE OF SALE PRICE/LAST LISTED PRICE
88.23%
Source of all data contained in this report is the Vail Board of Realtors, Multiple Listing Service. Information is deemed reliable but not guaranteed. Consult your Slifer Smith & Frampton Broker for more information. Š2012 Slifer Smith & Frampton Real Estate
2011 Sl i fe r R e p o r t
15
edwards, homeste ad & L ake creek valle y S i n g l e - Fa m i ly/ D u p l e x Sales Volume
No. of Sales
Aver age Days on Market
Aver age Sale
Median Sale
2007
$72,051,361
59
207
$1,221,210
$895,000
2008
$34,683,062
27
264
$1,284,558
$899,000
2009
$19,346,625
15
389
$1,289,775
$800,000
2010
$27,309,220
22
274
$1,241,328
$955,000
2011
$20,417,000
19
256
$1,074,579
$750,000
Sales Volume
No. of Sales
Aver age Days on Market
Aver age Sale
Median Sale
2007
$40,797,143
85
112
$479,966
$460,000
2008
$16,498,639
37
170
$445,909
$417,000
2009
$10,724,750
26
192
$412,490
$377,500
2010
$9,584,000
25
253
$383,360
$335,000
2011
$8,439,860
29
253
$291,030
$267,110
condominium / townhome
p r i c e p e r s q ua r e f o o t c o m pa r i s o n Single-Family/Duplex average
2007
2008
2009
2010
2011
$341
$438
$297
$331
$267
condominium / townhome average
2007
2008
2009
2010
2011
$343
$340
$305
$275
$209
S ALE PRICE V S LI S T PRICE COMPARI S ON Single-Family/Duplex AVERAGE OF SALE PRICE/LAST LISTED PRICE
89.31%
condominium / townhome AVERAGE OF SALE PRICE/LAST LISTED PRICE
93.43%
Source of all data contained in this report is the Vail Board of Realtors, Multiple Listing Service. Information is deemed reliable but not guaranteed. Consult your Slifer Smith & Frampton Broker for more information. Š2012 Slifer Smith & Frampton Real Estate
16
2011 Sl i fe r R e p o r t
cordillera, cordillera valley club & timber springs S i n g l e - Fa m i ly/ D u p l e x Sales Volume
No. of Sales
Aver age Days on Market
Aver age Sale
Median Sale
2007
$133,178,745
55
263
$2,421,432
$2,340,000
2008
$68,640,000
32
311
$2,145,000
$1,865,000
2009
$59,948,500
31
330
$1,933,823
$1,620,000
2010
$84,530,400
45
334
$1,878,453
$1,700,000
2011
$32,366,000
22
425
$1,471,182
$1,225,000
Sales Volume
No. of Sales
Aver age Days on Market
Aver age Sale
Median Sale
2007
$1,300,000
1
353
$1,300,000
$1,300,000
2008
N/A
N/A
N/A
N/A
N/A
2009
$1,680,000
2
394
$840,000
$840,000
2010
N/A
N/A
N/A
N/A
N/A
2011
$1,087,000
1
362
$1,087,000
$1,087,000
condominium / townhome
p r i c e p e r s q ua r e f o o t c o m pa r i s o n Single-Family/Duplex average
2007
2008
2009
2010
2011
$433
$419
$362
$337
$280
condominium / townhome average
2007
2008
2009
2010
2011
$348
N/A
$189
N/A
$194
S ALE PRICE V S LI S T PRICE COMPARI S ON Single-Family/Duplex AVERAGE OF SALE PRICE/LAST LISTED PRICE
89.27%
condominium / townhome AVERAGE OF SALE PRICE/LAST LISTED PRICE
90.58%
Source of all data contained in this report is the Vail Board of Realtors, Multiple Listing Service. Information is deemed reliable but not guaranteed. Consult your Slifer Smith & Frampton Broker for more information. Š2012 Slifer Smith & Frampton Real Estate
2011 Sl i fe r R e p o r t
17
wolcot t, bellyache ridge & red sk y r anch S i n g l e - Fa m i ly/ D u p l e x Sales Volume
No. of Sales
Aver age Days on Market
Aver age Sale
Median Sale
2007
$1,399,000
2
223
$699,500
$699,500
2008
$2,677,620
1
615
$2,677,620
$2,677,620
2009
$2,725,000
3
320
$908,333
$1,000,000
2010
$26,458,500
12
268
$2,204,875
$2,215,000
2011
$11,468,170
10
211
$1,146,817
$1,076,335
p r i c e p e r s q ua r e f o o t c o m pa r i s o n Single-Family/Duplex average
2007
2008
2009
2010
2011
$312
$774
$261
$365
$256
S ALE PRICE V S LI S T PRICE COMPARI S ON Single-Family/Duplex AVERAGE OF SALE PRICE/LAST LISTED PRICE
89.64%
Source of all data contained in this report is the Vail Board of Realtors, Multiple Listing Service. Information is deemed reliable but not guaranteed. Consult your Slifer Smith & Frampton Broker for more information. Š2012 Slifer Smith & Frampton Real Estate
18
2011 Sl i fe r R e p o r t
e agle & e agle R anch S i n g l e - Fa m i ly/ D u p l e x Sales Volume
No. of Sales
Aver age Days on Market
Aver age Sale
Median Sale
2007
$72,426,065
90
236
$804,734
$739,780
2008
$46,788,796
66
189
$708,921
$688,650
2009
$29,942,347
44
274
$680,508
$512,500
2010
$32,740,010
59
288
$554,915
$480,500
2011
$36,400,400
79
160
$460,765
$419,900
Sales Volume
No. of Sales
Aver age Days on Market
Aver age Sale
Median Sale
2007
$33,437,137
87
259
$384,680
$382,675
2008
$15,934,642
41
235
$388,650
$370,000
2009
$6,524,750
20
255
$326,238
$317,500
2010
$8,947,275
33
225
$271,130
$267,000
2011
$9,120,200
50
212
$182,404
$170,000
condominium / townhome
p r i c e p e r s q ua r e f o o t c o m pa r i s o n Single-Family/Duplex average
2007
2008
2009
2010
2011
$254
$253
$221
$185
$151
condominium / townhome average
2007
2008
2009
2010
2011
$284
$282
$223
$178
$134
S ALE PRICE V S LI S T PRICE COMPARI S ON Single-Family/Duplex AVERAGE OF SALE PRICE/LAST LISTED PRICE
93.96%
condominium / townhome AVERAGE OF SALE PRICE/LAST LISTED PRICE
93.55%
Source of all data contained in this report is the Vail Board of Realtors, Multiple Listing Service. Information is deemed reliable but not guaranteed. Consult your Slifer Smith & Frampton Broker for more information. Š2012 Slifer Smith & Frampton Real Estate
2011 Sl i fe r R e p o r t
19
gypsum, cot ton r anch & buckhorn valle y S i n g l e - Fa m i ly/ D u p l e x Sales Volume
No. of Sales
Aver age Days on Market
Aver age Sale
Median Sale
2007
$58,341,399
120
178
$486,178
$447,500
2008
$37,342,846
86
200
$434,219
$404,000
2009
$13,235,647
35
237
$378,161
$350,000
2010
$17,395,694
52
175
$334,533
$324,250
2011
$15,936,365
64
137
$249,006
$237,000
Sales Volume
No. of Sales
Aver age Days on Market
Aver age Sale
Median Sale
2007
$5,033,900
16
88
$314,619
$304,500
2008
$1,992,500
8
98
$249,063
$247,500
2009
$2,812,225
11
211
$255,657
$265,000
2010
$778,800
5
68
$155,760
$160,000
2011
$1,926,800
18
92
$107,044
$99,950
condominium / townhome
p r i c e p e r s q ua r e f o o t c o m pa r i s o n Single-Family/Duplex average
2007
2008
2009
2010
2011
$236
$215
$193
$153
$125
condominium / townhome average
2007
2008
2009
2010
2011
$240
$246
$185
$114
$82
S ALE PRICE V S LI S T PRICE COMPARI S ON Single-Family/Duplex AVERAGE OF SALE PRICE/LAST LISTED PRICE
95.66%
condominium / townhome AVERAGE OF SALE PRICE/LAST LISTED PRICE
92.61%
Source of all data contained in this report is the Vail Board of Realtors, Multiple Listing Service. Information is deemed reliable but not guaranteed. Consult your Slifer Smith & Frampton Broker for more information. Š2012 Slifer Smith & Frampton Real Estate
20
2011 Sl i fe r R e p o r t
homesite sales a r e a n a m e L i s t p r i c e s o l d p r i c e s o l d dat e Beaver Creek Beaver Creek Bellyache Ridge Wolcott Bellyache Ridge Wolcott Bellyache Ridge Wolcott Bellyache Ridge Wolcott Bellyache Ridge Wolcott Bellyache Ridge Wolcott Bellyache Ridge Wolcott Bellyache Ridge Wolcott Singletree Singletree Singletree Singletree Singletree Fulford Fulford Fulford Cordillera Cordillera Cordillera Cordillera Cordillera Cordillera Colorow at Squaw Creek Cotton Ranch Cotton Ranch Cotton Ranch Cordillera Valley Club Cordillera Valley Club Dotsero Colorado River River Rd Dotsero Colorado River River Rd Eagle Eagle Ranch Eagle Ranch Eagle Ranch Eagle Ranch Eagle Ranch Eagle Ranch Eagle Ranch Eagle Ranch Eagle Ranch Eagle Ranch Eagle Ranch Eagle Ranch EagleVail EagleVail Edwards Gypsum Gypsum Gypsum Gypsum
$1,200,000 $973,000 $295,000 $395,000 $425,000 $695,000 $695,000 $275,000 $595,000 $495,000 $285,000 $290,950 $329,000 $399,979 $239,000 $19,000 $19,000 $50,000 $345,000 $199,000 $114,900 $297,500 $135,000 $125,000 $585,000 $26,000 $25,000 $35,000 $1,200,000 $750,000 $389,000 $299,000 $225,000 $59,000 $30,000 $99,000 $180,000 $49,000 $149,000 $85,000 $81,900 $134,900 $69,900 $99,000 $65,000 $279,000 $199,000 $4,985,000 $25,000 $25,000 $900,000 $60,000
$1,025,000 $825,000 $240,000 $300,000 $260,000 $550,000 $500,000 $225,000 $495,000 $380,000 $285,000 $215,000 $265,000 $285,000 $208,000 $19,000 $19,000 $40,000 $200,000 $100,000 $111,000 $123,750 $120,000 $110,000 $250,000 $23,000 $20,000 $25,000 $875,000 $562,500 $360,000 $247,500 $155,000 $45,000 $26,500 $92,500 $155,000 $43,000 $145,000 $76,000 $57,500 $110,000 $69,000 $92,500 $55,000 $199,000 $215,000 $3,900,000 $22,500 $22,500 $700,000 $42,500
5/23/11 10/19/11 5/19/11 4/20/11 11/3/11 2/28/11 7/1/11 9/1/11 5/26/11 12/16/11 5/6/11 1/5/11 12/22/11 9/29/11 9/22/11 1/31/11 1/31/11 10/14/11 5/24/11 3/23/11 3/28/11 9/20/11 8/19/11 12/28/11 10/17/11 9/30/11 12/23/11 12/23/11 4/29/11 5/10/11 12/13/11 11/28/11 8/16/11 12/16/11 12/13/11 3/23/11 2/21/11 9/22/11 6/2/11 8/8/11 4/11/11 4/25/11 6/23/11 8/10/11 7/27/11 12/1/11 6/3/11 12/22/11 10/10/11 10/10/11 8/10/11 1/18/11
continued on following page Source of all data contained in this report is the Vail Board of Realtors, Multiple Listing Service. Information is deemed reliable but not guaranteed. Consult your Slifer Smith & Frampton Broker for more information. Š2012 Slifer Smith & Frampton Real Estate
2011 Sl i fe r R e p o r t
21
HOMESITE SALES
CONTINUED FROM PREVIOUS PAGE
AREA NAME
LIST PRICE
SOLD PRICE
S O L D DAT E
Gypsum Gypsum Gypsum Gypsum Valley Brightwater Gypsum Valley Brightwater Gypsum Valley Brightwater Gypsum Valley Brightwater Gypsum Valley Brightwater Gypsum Valley Brightwater Gypsum Valley Brightwater Gypsum Valley Brightwater Gypsum Valley Brightwater Gypsum Valley Brightwater Gypsum Valley Brightwater Gypsum Valley Brightwater Gypsum Valley Brightwater Gypsum Valley Brightwater Gypsum Valley Brightwater Gypsum Valley Brightwater Gypsum Valley Brightwater Gypsum Valley Brightwater Gypsum Valley Brightwater Gypsum Valley Brightwater Gypsum Valley Brightwater Gypsum Valley Brightwater Gypsum Valley Brightwater Gypsum Valley Brightwater Gypsum Valley Brightwater Gypsum Valley Brightwater Gypsum Valley Brightwater Gypsum Valley Brightwater Gypsum Valley Brightwater Gypsum Valley Brightwater Gypsum Valley Brightwater Gypsum Valley Brightwater Gypsum Valley Brightwater Gypsum Valley Brightwater Redcliff NW Eagle County NW Eagle County NW Eagle County Out of County Out of County Out of County Out of County Out of County Sandstone Lionsridge Sandstone Lionsridge Sandstone Lionsridge Vail Village
$1,900,000 $49,000 $39,000 $48,000 $120,000 $29,900 $15,000 $15,000 $15,000 $15,000 $15,000 $15,000 $15,000 $15,000 $15,000 $15,000 $15,000 $15,000 $15,000 $15,000 $15,000 $15,000 $85,000 $15,000 $15,000 $15,000 $15,000 $15,000 $15,000 $46,000 $40,000 $39,000 $39,000 $20,000 $29,900 $25,000 $28,000 $52,370 $1,500,000 $799,000 $2,750,000 $1,950,000 $150,000 $795,000 $199,000 $640,000 $895,000 $519,000 $519,000 $8,100,000
$1,775,000 $40,000 $32,000 $38,000 $100,000 $22,500 $15,000 $15,000 $15,000 $15,000 $15,000 $15,000 $15,000 $15,000 $15,000 $15,000 $15,000 $15,000 $15,000 $15,000 $15,000 $15,000 $59,125 $15,000 $15,000 $15,000 $15,000 $15,000 $15,000 $35,750 $40,000 $27,500 $27,500 $10,000 $24,500 $26,000 $28,000 $44,000 $980,000 $690,000 $2,200,000 $1,950,000 $145,000 $813,000 $180,000 $620,000 $250,000 $445,000 $510,000 $6,825,000
5/23/11 10/11/11 12/23/11 2/25/11 7/7/11 9/7/11 9/1/11 9/1/11 9/1/11 9/1/11 9/1/11 9/1/11 9/1/11 9/1/11 9/1/11 9/1/11 9/1/11 9/1/11 9/1/11 9/1/11 9/1/11 9/1/11 2/10/11 9/1/11 9/1/11 9/1/11 9/1/11 9/1/11 9/1/11 5/17/11 5/20/11 9/12/11 9/12/11 6/28/11 9/19/11 11/14/11 11/8/11 9/21/11 2/18/11 8/4/11 8/23/11 1/25/11 2/17/11 12/15/11 10/7/11 9/20/11 10/31/11 8/30/11 8/11/11 10/13/11
TOTAL LAND SALES IN 2011
$33,755,125
Source of all data contained in this report is the Vail Board of Realtors, Multiple Listing Service. Information is deemed reliable but not guaranteed. Consult your Slifer Smith & Frampton Broker for more information. Š2012 Slifer Smith & Frampton Real Estate
22
2011 SL I FE R R E P O R T