2023 UP- VALLEY
MARKET REPORT QUARTER THREE
QUARTER THREE
MARKET PERFORMANCE
UP-VALLEY REAL ESTATE IN THE VAIL VALLEY, COLORADO Throughout the upper Vail Valley, you'll find an incomparable blend of luxury Vail and Beaver Creek ski homes to full-time neighborhoods in close proximity to exciting outdoor activities and events. Engel & Völkers Vail and Beaver Creek represent an amazing variety of real estate. Across the Vail Valley, every property is special, and we understand the unique real estate opportunities that arise every day in this exceptional region of the Rocky Mountains.
Q3 Market Update
// East Vail // Surrounded on both sides by the tall pines of the White River National forest, this area is the destination for both hiking and snowshoeing. Waterfalls and tributaries slice through the neighborhood as they rush into the Gore Creek.
EAST VAIL
NUMBER OF CLOSINGS IN THIRD QUARTER 42
26
14
20
2020
2021
2022
2023
AVERAGE SALES PRICE IN THIRD QUARTER 2020
1,393,073
928,346
2021 2022
1,218,428
2023
1,617,900
AVERAGE PRICE PER SQUARE FOOT IN THIRD QUARTER $1027 $699
$718
2020
2021
2022
$1162
2023
DAYS ON MARKET IN THIRD QUARTER
66
40
15
12
2020
2021
2022
2023
Q3 Market Update
// Booth Creek // Located on the north side of Vail and just two miles west of the Village. Home to both single-family homes and spacious condo- minimum complexes, which offer hiking and mountain biking directly out one’s backdoor. The close proximity of homes to skiing, shopping and recreation makes this a prime choice.
BOOTH CREEK
NUMBER OF CLOSINGS IN THIRD QUARTER 1
2
1
2
2020
2021
2022
2023
AVERAGE SALES PRICE IN THIRD QUARTER
2020
1,049,000 2,127,500
2021 2022
1,350,000
2023
5,423,364
AVERAGE PRICE PER SQUARE FOOT IN THIRD QUARTER $1,076
$607
2020
$678
2021
$834
2022
2023
DAYS ON MARKET IN THIRD QUARTER
2
121
9
277
2020
2021
2022
2023
Q3 Market Update
// Vail Golf Course // Only minutes from Vail Village this neighborhood has unmatched properties with large, flat, private lots. Homes have easy access to either the Golf Course or Public Land. Take the bus in the winter or walk in the summer to Vail Village.
VAIL GOLF COURSE
NUMBER OF CLOSINGS IN THIRD QUARTER 6
4
4
6
2020
2021
2022
2023
AVERAGE SALES PRICE IN THIRD QUARTER 2020
4,385,883 5,273,750
2021 2022
4,525,000
2023
5,668,333
AVERAGE PRICE PER SQUARE FOOT IN THIRD QUARTER $1912 $1291
2020
$1364
$1452
2021
2022
2023
DAYS ON MARKET IN THIRD QUARTER
40
119
3
158
2020
2021
2022
2023
Q3 Market Update
// Downtown // Vail Village, known as the heart of Vail, is the valley’s most desirable address. With cobblestone streets, a mix of European and American influenced architecture, and meandering pedestrian streets with bridges that cross over streams, Vail is brimming with charm.
VAIL VILLAGE
NUMBER OF CLOSINGS IN THIRD QUARTER 23
29
13
13
2020
2021
2022
2023
AVERAGE SALES PRICE IN THIRD QUARTER 2020
8,916,138
2021
4,773,103
2022
6,626,115
2023
6,505,500
AVERAGE PRICE PER SQUARE FOOT IN THIRD QUARTER $2265
2020
$2440
$2,701
$2012
2021
2022
2023
DAYS ON MARKET IN THIRD QUARTER
252
216
57
174
2020
2021
2022
2023
Q3 Market Update
// 2 & 3 Bedroom Condo // Vail Village, known as the heart of Vail, is the valley’s most desirable address. With cobblestone streets, a mix of European and American influenced architecture, and meandering pedestrian streets with bridges that cross over streams, Vail is brimming with charm.
VAIL VILLAGE
NUMBER OF CLOSINGS IN THIRD QUARTER 11
15
6
5
2020
2021
2022
2023
AVERAGE SALES PRICE IN THIRD QUARTER 2020
2,250,000
2021
2,859,000
2022
3,204,166
2023
3,154,000
AVERAGE PRICE PER SQUARE FOOT IN THIRD QUARTER
$1838
2020
$1967
2021
$2113
2022
$2264
2023
DAYS ON MARKET IN THIRD QUARTER
210
159
22
102
2020
2021
2022
2023
Q3 Market Update
// 4+ Bedroom Condos // Vail Village, known as the heart of Vail, is the valley’s most desirable address. Sitting at 8,200 feet, Vail Village is an elegant combination of ski shops and boutiques, bars and restaurants, hotels, private homes, and high-end condos.
VAIL VILLAGE
NUMBER OF CLOSINGS IN THIRD QUARTER 5
5
6
2
2020
2021
2022
2023
AVERAGE SALES PRICE IN THIRD QUARTER 2020
8,535,000 6,947,000
2021 2022
8,527,416
2023
10,250,000
AVERAGE PRICE PER SQUARE FOOT IN THIRD QUARTER $3288 $2457
$2378
$2595
2020
2021
2022
2023
DAYS ON MARKET IN THIRD QUARTER
315
340
76
492
2020
2021
2022
2023
Q3 Market Update
// Studio + 1 Bedroom // Vail Village, known as the heart of Vail, is the valley’s most desirable address. With cobblestone streets, a mix of European and American influenced architecture, and meandering pedestrian streets with bridges that cross over streams, Vail is brimming with charm.
VAIL VILLAGE
NUMBER OF CLOSINGS IN THIRD QUARTER NA
6
NA
2
2020
2021
2022
2023
AVERAGE SALES PRICE IN THIRD QUARTER 2020
NA 1,266,000
2021 2022
NA
2023
962,500
AVERAGE PRICE PER SQUARE FOOT IN THIRD QUARTER $1686
$1639 NA
2020
NA
2021
2022
2023
DAYS ON MARKET IN THIRD QUARTER
NA
80
NA
131
2020
2021
2022
2023
Q3 Market Update
// Single Family + Duplex // Vail Village, known as the heart of Vail, is the valley’s most desirable address. Sitting at 8,200 feet, Vail Village is an elegant combination of ski shops and boutiques, bars and restaurants, hotels, private homes, and high-end condos.
VAIL VILLAGE
NUMBER OF CLOSINGS IN THIRD QUARTER 7
3
1
2
2020
2021
2022
2023
AVERAGE SALES PRICE IN THIRD QUARTER 2020
19,663,740
2021
17,733,333
2022
15,750,000
2023
12,450,000
AVERAGE PRICE PER SQUARE FOOT IN THIRD QUARTER $3476 $2798
2020
$3138
$2371
2021
2022
2023
DAYS ON MARKET IN THIRD QUARTER
274
563
151
20
2020
2021
2022
2023
Q3 Market Update
// Spraddle Creek // Overlooking Vail from an elevated point, these multi-million dollar castles are unlike any other properties in the Valley
SPRADDLE CREEK
NUMBER OF CLOSINGS IN THIRD QUARTER NA
NA
NA
NA
2020
2021
2022
2023
AVERAGE SALES PRICE IN THIRD QUARTER 2020
NA
2021
NA
2022
NANA
2023
NA
AVERAGE PRICE PER SQUARE FOOT IN THIRD QUARTER NA
NA
NA
NA
2020
2021
2022
2023
DAYS ON MARKET IN THIRD QUARTER
NA
NA
NA
NA
2020
2021
2022
2023
Q3 Market Update
// Lionshead Village // With access to a variety of trails, hikers and bikers can jump onto rugged hiking trails right out their front door. Gore Creek, with its Gold Medal fishing waters, winds its way towards the Eagle River. Several beautifully maintained parks and other outdoor amenities contribute to the benefits of living in West Vail.
LIONSHEAD VILLAGE
NUMBER OF CLOSINGS IN THIRD QUARTER 1
2
1
2
2020
2021
2022
2023
AVERAGE SALES PRICE IN THIRD QUARTER 2020
3,038,794
4,795,466
2021 2022
2,726,571
2023
4,372,000
AVERAGE PRICE PER SQUARE FOOT IN THIRD QUARTER $2361 $1926 $1533
2020
2021
$1856
2022
2023
DAYS ON MARKET IN THIRD QUARTER
182
175
10
10
2020
2021
2022
2023
Q3 Market Update
// Cascade Village // Vail’s western most lift access area, anchored by the Cascade Hotel and Resort. The Aria spa and health club, multiple pools, tennis and gold medal fishing create a five-star neighborhood. Grand singlefamily homes line the banks of the Gore Creek. Access is limited to only one driveway ensuring residents the utmost privacy.
CASCADE VILLAGE
NUMBER OF CLOSINGS IN THIRD QUARTER 5
1
NA
2
2020
2021
2022
2023
AVERAGE SALES PRICE IN THIRD QUARTER 2020
1,837,000
2021
2,900,000
2022
NA
2023
8,675,000
AVERAGE PRICE PER SQUARE FOOT IN THIRD QUARTER $1854
$1785 NA $1059
2020
2021
2022
2023
DAYS ON MARKET IN THIRD QUARTER
200
1
NA
228
2020
2021
2022
2023
Q3 Market Update
// Sandstone and Lionsridge // A popular area for full-time locals and second-homeowners alike, directly across from Vail Mountain, most properties boast exceptional mountain views. Prices of homes in this area are far lower than those in Vail Village making it an attractive location for clientele looking for easy access to the mountain at a more affordable price point.
SANDSTONE/LIONSRIDGE
NUMBER OF CLOSINGS IN THIRD QUARTER 9
5
6
8
2020
2021
2022
2023
AVERAGE SALES PRICE IN THIRD QUARTER 2020
795,666 660,100
2021 2022
1,268,833
2023
1,551,443
AVERAGE PRICE PER SQUARE FOOT IN THIRD QUARTER
$584
$627
2020
2021
$961
$964
2022
2023
DAYS ON MARKET IN THIRD QUARTER
78
50
20
28
2020
2021
2022
2023
Q3 Market Update
// Potato Patch // With direct views of Vail Mountain, this south-facing neighborhood is warmed by the sun all year long. Easy access by car or shuttle to Vail mountain. Prices are quite a bit lower here than in the ski village. And most buildings have pools and hot tubs. A truly hidden gem!
POTATO PATCH
NUMBER OF CLOSINGS IN THIRD QUARTER 3
2
NA
1
2020
2021
2022
2023
AVERAGE SALES PRICE IN THIRD QUARTER 2020
2,237,500
2021
4,725,600
2022
NA
2023
3,600,000
AVERAGE PRICE PER SQUARE FOOT IN THIRD QUARTER $1353 NA $716
$776
2020
2021
2022
2023
DAYS ON MARKET IN THIRD QUARTER
569
171
NA
113
2020
2021
2022
2023
Q3 Market Update
// Buffehr Creek // Tucked behind and above Lionsridge, this private neighborhood boasts some of the most spectacular views of Vail Mountain. Only minutes from West Vail and numerous hiking trails from your backyard creates a special slice of Vail heaven.
BUFFEHR CREEK
NUMBER OF CLOSINGS IN THIRD QUARTER NA
NA
NA
1
2020
2021
2022
2023
AVERAGE SALES PRICE IN THIRD QUARTER 2020
NA
2021
NA
2022
NA
2023
5,942,700
AVERAGE PRICE PER SQUARE FOOT IN THIRD QUARTER $1,436 NA
NA
NA
2020
2021
2022
2023
DAYS ON MARKET IN THIRD QUARTER
NA
NA
NA
101
2020
2021
2022
2023
Q3 Market Update
// Highlands Meadow // Located within West Vail South this neighborhood gives you privacy and on the hill views. Homes are typically larger duplexes or single family residences.
HIGHLANDS MEADOW
NUMBER OF CLOSINGS IN THIRD QUARTER 1
1
1
NA
2020
2021
2022
2023
AVERAGE SALES PRICE IN THIRD QUARTER 2020
5,000,000
2021
1,725,000
2022
1,900,000
2023
NA
AVERAGE PRICE PER SQUARE FOOT IN THIRD QUARTER $796 $671
NA
2022
2023
$515
2020
2021
DAYS ON MARKET IN THIRD QUARTER
1
1
38
NA
2020
2021
2022
2023
Q3 Market Update
// West Vail North // Minutes from the Vail Village and world-class skiing, West Vail residents enjoy a small community environment with the benefits afforded by its close proximity to Vail amenities and activities.
WEST VAIL NORTH
NUMBER OF CLOSINGS IN THIRD QUARTER 12
7
7
2
2020
2021
2022
2023
AVERAGE SALES PRICE IN THIRD QUARTER 2020
1,176,858
2021
1,132,616
2022
114,428
2023
869,500
AVERAGE PRICE PER SQUARE FOOT IN THIRD QUARTER $936
$511
2020
$712
$594
2021
2022
2023
DAYS ON MARKET IN THIRD QUARTER
63
47
12
59
2020
2021
2022
2023
Q3 Market Update
// West Vail South // Minutes from the Vail Village and world-class skiing, West Vail residents enjoy a small community environment with the benefits afforded by its close proximity to Vail amenities and activities.
WEST VAIL SOUTH
NUMBER OF CLOSINGS IN THIRD QUARTER 11
7
7
7
2020
2021
2022
2023
AVERAGE SALES PRICE IN THIRD QUARTER 2020
1,091,155
2021
1,130,000
2022
1,610,857
2023
2,842,443
AVERAGE PRICE PER SQUARE FOOT IN THIRD QUARTER $1043 $580
2020
$707
2021
$827
2022
2023
DAYS ON MARKET IN THIRD QUARTER
45
14
26
96
2020
2021
2022
2023
Q3 Market Update
// Vail Village Fractional Ownership // Fractional Ownership Opportunities give you best location with the lowest cost. For the fraction of the cost you get to spend multiple weeks in the Village. The buildings in Vail Village that offer this ownership type are: Austria Haus Club, One Willow Bridge Road, and the Sebastian.
VAIL VILLAGE FRACTIONAL
NUMBER OF CLOSINGS IN THIRD QUARTER 12
7
10
3
2020
2021
2022
2023
AVERAGE SALES PRICE IN THIRD QUARTER 2020
346,666
2021
292,142
2022
386,750
2023
247,667
AVERAGE PRICE PER SQUARE FOOT IN THIRD QUARTER
$182
2020
$214 $164
2021
$159
2022
2023
DAYS ON MARKET IN THIRD QUARTER
128
219
144
78
2020
2021
2022
2023
LUXURY
REAL ESTATE SINCE 1977
All reports are published October 2023 based on data available at the end of September 2023, except for the today stats. Information and statistics derived from the Multiple Listing Service. Neither the Board or its MLS guarantees or is in any way responsible for its accuracy. Data maintained by the Board or its MLS may not reflect all real estate activity in the market. Report reflects activity by all brokers participated in the MLS.