Vail Golf Course Market Report

Page 1

VAIL GOLF COURSE NEIGHBORHOOD MARKET REPORT

February 2021

David McHugh, Jeffrey Morgan & Heather Losa #1 Real Estate Team in Colorado Ski Country with $550 million in close sales in 2020 Member of The Wall Street Journal and Barron's Leaders in Real Estate Ranked as one off America’s Best Real Estate Agents in 2019, 2018 and 2017 Ranked in the Top .01% of Real Estate Brokers in Colorado #1 Broker in the Vail Valley with LIV Sotheby’s International Realty in 2016, #2 in 2018 & 2017

Vail, Colorado


Highlights

Vail Golf Course NEIGHBORHOOD MARKET REPORT

February 2021

HOMES SOLD

AVERAGE PRICE

EXPECT TO PAY

LAST MONTH

LAST 6 MONTHS

LAST 6 MONTHS

2

$3,440,278

96%

Jan 2021: 2

$1,747,500 in Jan 2021

Of asking price

Mar 2020: 1

$740,000 in Mar 2020

Compared to city 96%

Sales

Market Hotness

2 homes were sold in February. On average the sales price was 3% above the listing price.

SLOW MARKET: Homes are selling signi cantly slower than the city average, sometimes by months.

Prices Average sales price in February was $2,515,000. February was up from $1,747,500 in January, and up from $740,000 in March of 2020.

Market time Average days on market for the Vail Golf Course neighborhood in February was 287, up from 113 in January.

Vail, Colorado

Vail Golf Course

Based on six-month median days on market.


Market Trends

Vail Golf Course NEIGHBORHOOD MARKET REPORT

February 2021

NUMBER OF HOMES SOLD Vail Golf Course

81657

Vail

Sep

Oct

60 45 30 15 0

Mar

Apr

May

Jun

Jul

Aug

Nov

Dec

Jan

Feb

MEDIAN SALE PRICE Based on total units sold Vail Golf Course

81657

Vail

12000000 9000000 6000000 3000000 0

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Jan

Feb

AVERAGE PRICE PER SQUARE FOOT Vail Golf Course

81657

Vail

Sep

Oct

2750 2200 1650 1100 550

Mar

Apr

May

Jun

Jul

Aug

Nov

Dec

Jan

Feb

Data provided by American Community Survey and the local MLS.


Market Activity

Vail Golf Course NEIGHBORHOOD MARKET REPORT

February 2021

Recently Sold ADDRESS

SOLD DATE

BED

BATH

SQFT

SOLD PRICE

1650 FALLRIDGE ROAD #105

Feb 04 2021

1

2

990

$747,000

1628 GOLF TERRACE #1B

Feb 01 2021

6

6

3,871

$4,500,000

1650 FALLRIDGE #309

Jan 15 2021

3

3

1,652

$1,250,000

1568 GOLF TERRACE #48

Jan 04 2021

4

4

2,805

$2,470,000

1650 FALLRIDGE ROAD #310

Dec 22 2020

1

1

685

$497,500

1012 EAGLES NEST CIRCLE

Nov 10 2020

5

6

4,458

$11,750,000

1013 HOMESTAKE CIRCLE

Oct 28 2020

4

4

3,840

$8,750,000

1645 GOLF TERRACE #34J

Oct 19 2020

4

7

2,715

$2,650,000

1650 FALLRIDGE #207

Oct 12 2020

1

1

685

$525,000

1985 SUNBURST DRIVE

Sep 30 2020

3

3

3,237

$8,500,000

1650 FALLRIDGE ROAD #406

Sep 30 2020

3

3

1,829

$1,375,000

1734 GOLF LANE #S69

Sep 30 2020

4

4

2,715

$2,070,000

ADDRESS

LIST DATE

BED

BATH

SQFT

LIST PRICE

1670 FALLRIDGE ROAD #10

Jan 27 2021

4

4

2,815

$2,490,000

1042 EAGLES NEST CIRCLE

Dec 18 2020

4

5

3,949

$8,300,000

2009 SUNBURST DRIVE

Dec 08 2020

5

9

7,975

$11,250,000

1592 GOLF #60

Dec 04 2020

5

5

2,832

$3,100,000

1650 FALLRIDGE #308

Nov 25 2020

2

2

1,144

$975,000

1183 CABIN CIRCLE

Oct 22 2020

6

8

11,853

$32,000,000

1022 EAGLES NEST CIRCLE

Oct 09 2020

4

4

3,337

$8,795,000

1033 HOMESTAKE CIRCLE

Oct 07 2020

5

5

4,523

$11,925,000

1106 HORNSILVER CIRCLE

Aug 19 2020

7

9

8,523

$19,750,000

1650 FALLRIDGE #410

Aug 03 2020

3

3

1,829

$1,550,000

1163 CABIN CIRCLE

Jul 20 2020

5

5

5,873

$10,300,000

1388 VAIL VALLEY DRIVE #W

Jul 06 2020

4

4

3,089

$3,450,000

Recently Listed

Data provided by American Community Survey and the local MLS.


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