2023 UP- VALLEY
MARKET REPORT QUARTER FOUR
QUARTER FOUR
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.
Q4 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 FOURTH QUARTER 38
21
11
13
2020
2021
2022
2023
AVERAGE SALES PRICE IN FOURTH QUARTER 2020
1,111,395
1,355,660
2021 2022
1,685,454
2023
1,764,538
AVERAGE PRICE PER SQUARE FOOT IN FOURTH QUARTER
$890
$1012
$1095
$664
2020
2021
2022
2023
DAYS ON MARKET IN FOURTH QUARTER
39
16
30
42
2020
2021
2022
2023
Q4 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 FOURTH QUARTER 7
3
1
3
2020
2021
2022
2023
AVERAGE SALES PRICE IN FOURTH QUARTER 1,462,714
2020
9,150,000
2021 3,200,000
2022
2023
3,323,333
AVERAGE PRICE PER SQUARE FOOT IN FOURTH QUARTER $1680 $1294 $787
$649
2020
2021
2022
2023
DAYS ON MARKET IN FOURTH QUARTER
110
116
81
81
2020
2021
2022
2023
Q4 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 FOURTH QUARTER 6
6
2
2
2020
2021
2022
2023
AVERAGE SALES PRICE IN FOURTH QUARTER 2020
4,172,500 5,395,000
2021 2022
863,750
2023
5,950,000
AVERAGE PRICE PER SQUARE FOOT IN FOURTH QUARTER
$1293
$1515
$1419 $943
2020
2021
2022
2023
DAYS ON MARKET IN FOURTH QUARTER
147
21
37
337
2020
2021
2022
2023
Q4 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 FOURTH QUARTER 22
32
6
11
2020
2021
2022
2023
AVERAGE SALES PRICE IN FOURTH QUARTER 4,083,354
2020
6,268,113
2021 2022
9,494,166
2023
4,168,181
AVERAGE PRICE PER SQUARE FOOT IN FOURTH QUARTER $2560
$2748
$2318
$1972
2020
2021
2022
2023
DAYS ON MARKET IN FOURTH QUARTER
336
108
148
98
2020
2021
2022
2023
Q4 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 FOURTH QUARTER 7
20
3
8
2020
2021
2022
2023
AVERAGE SALES PRICE IN FOURTH QUARTER 2,294,828
2020
4,188,332
2021 2022
2,980,000
2023
4,480,000
AVERAGE PRICE PER SQUARE FOOT IN FOURTH QUARTER $2293 $1722
2020
2021
$2128
2022
$2393
2023
DAYS ON MARKET IN FOURTH QUARTER
662
98
112
97
2020
2021
2022
2023
Q4 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 FOURTH QUARTER 7
5
NA
2
2020
2021
2022
2023
AVERAGE SALES PRICE IN FOURTH QUARTER 2020
6,114,285
2021
8,642,600
2022
NA
2023
9,987,500
AVERAGE PRICE PER SQUARE FOOT IN FOURTH QUARTER $3351 $2337
2020
$2580
2021
NA
2022
2023
DAYS ON MARKET IN FOURTH QUARTER
308
38
NA
178
2020
2021
2022
2023
Q4 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 FOURTH QUARTER 5
2
1
2
2020
2021
2022
2023
AVERAGE SALES PRICE IN FOURTH QUARTER 2020
984,000
2021
1,175,000
2022
3,175,000
2023
1,205,000
AVERAGE PRICE PER SQUARE FOOT IN FOURTH QUARTER $2631
$2313 $1857
$1343
2020
2021
2022
2023
DAYS ON MARKET IN FOURTH QUARTER
83
1
270
89
2020
2021
2022
2023
Q4 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 FOURTH QUARTER 2
5
2
1
2020
2021
2022
2023
AVERAGE SALES PRICE IN FOURTH QUARTER 2020
10,400,000
14,250,000
2021 2022
22,425,000
2023
7,600,000
AVERAGE PRICE PER SQUARE FOOT IN FOURTH QUARTER
$3002
2020
$3580
$3896 $2640
2021
2022
2023
DAYS ON MARKET IN FOURTH QUARTER
80
258
142
125
2020
2021
2022
2023
Q4 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 FOURTH QUARTER 1
NA
NA
NA
2020
2021
2022
2023
AVERAGE SALES PRICE IN FOURTH QUARTER 2020
6,703,125
2021
NA
2022
NA
2023
NA
AVERAGE PRICE PER SQUARE FOOT IN FOURTH QUARTER $1187
2020
NA
NA
NA
2021
2022
2023
DAYS ON MARKET IN FOURTH QUARTER
446
NA
NA
NA
2020
2021
2022
2023
Q4 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 FOURTH QUARTER 17
12
3
7
2020
2021
2022
2023
AVERAGE SALES PRICE IN FOURTH QUARTER 2,543,558
2020
4,897,500
2021 1,435,000
2022
2023
3,345,714
AVERAGE PRICE PER SQUARE FOOT IN FOURTH QUARTER $2132
$2048 $1566
$1500
2020
2021
2022
2023
DAYS ON MARKET IN FOURTH QUARTER
196
84
3
65
2020
2021
2022
2023
Q4 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 FOURTH QUARTER 2
3
1
2
2020
2021
2022
2023
AVERAGE SALES PRICE IN FOURTH QUARTER 2020
4,090,000 2,716,666
2021 2022
2,400,000
2023
2,350,000
AVERAGE PRICE PER SQUARE FOOT IN FOURTH QUARTER
$1472
$1452
2021
2022
$1732
$918
2020
2023
DAYS ON MARKET IN FOURTH QUARTER
20
1
NA
288
2020
2021
2022
2023
Q4 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 FOURTH QUARTER 25
8
2
7
2020
2021
2022
2023
AVERAGE SALES PRICE IN FOURTH QUARTER 910,905
2020
1,245,562
2021 2022
3,425,000
2023
1,106,535
AVERAGE PRICE PER SQUARE FOOT IN FOURTH QUARTER $1084 $920 $636
2020
$704
2021
2022
2023
DAYS ON MARKET IN FOURTH QUARTER
52
13
91
40
2020
2021
2022
2023
Q4 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 FOURTH QUARTER 6
1
3
NA
2020
2021
2022
2023
AVERAGE SALES PRICE IN FOURTH QUARTER 2020
2,472,333 6,250,000
2021 2022
2,291,666
2023
NA
AVERAGE PRICE PER SQUARE FOOT IN FOURTH QUARTER $1376 $967
NA
$715
2020
2021
2022
2023
DAYS ON MARKET IN FOURTH QUARTER
110
14
57
NA
2020
2021
2022
2023
Q4 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 FOURTH QUARTER 5
3
2
1
2020
2021
2022
2023
AVERAGE SALES PRICE IN FOURTH QUARTER 2020
3,981,700 1,135,666
2021 2022
2023
781,250 830,000
AVERAGE PRICE PER SQUARE FOOT IN FOURTH QUARTER
$854
2020
$681
$682
2021
2022
$733
2023
DAYS ON MARKET IN FOURTH QUARTER
115
17
33
7
2020
2021
2022
2023
Q4 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 FOURTH QUARTER 6
1
3
NA
2020
2021
2022
2023
AVERAGE SALES PRICE IN FOURTH QUARTER 2020
2,118,333
2021
4,450,000
2022
4,450,000
2023
NA
AVERAGE PRICE PER SQUARE FOOT IN FOURTH QUARTER $1052
$930
NA
2022
2023
$509
2020
2021
DAYS ON MARKET IN FOURTH QUARTER
449
16
192
NA
2020
2021
2022
2023
Q4 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 FOURTH QUARTER 9
2
4
3
2020
2021
2022
2023
AVERAGE SALES PRICE IN FOURTH QUARTER 2020
1,526,166
2021
1,161,250
2022
1,567,750
2023
953,333
AVERAGE PRICE PER SQUARE FOOT IN FOURTH QUARTER $708
$733
$762
2021
2022
2023
$544
2020
DAYS ON MARKET IN FOURTH QUARTER
123
5
56
55
2020
2021
2022
2023
Q4 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 FOURTH QUARTER 15
7
5
6
2020
2021
2022
2023
AVERAGE SALES PRICE IN FOURTH QUARTER 2020
1,278,879
2021
1,934,142
2022
1,482,600
2023
1,997,500
AVERAGE PRICE PER SQUARE FOOT IN FOURTH QUARTER
$611
2020
$863
$907
2022
2023
$722
2021
DAYS ON MARKET IN FOURTH QUARTER
67
111
32
47
2020
2021
2022
2023
Q4 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 FOURTH QUARTER 5
9
11
4
2020
2021
2022
2023
AVERAGE SALES PRICE IN FOURTH QUARTER 2020
516,237
2021
349,444
2022
571,000
2023
621,875
AVERAGE PRICE PER SQUARE FOOT IN FOURTH QUARTER $290
$312
$329
2022
2023
$189
2020
2021
DAYS ON MARKET IN FOURTH QUARTER
7
95
89
54
2020
2021
2022
2023
LUXURY
REAL ESTATE SINCE 1977
All reports are published January 2024 based on data available at the end of December 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.