EV Real Estate Vail Valley Market Report | Up-Valley Q4, 2023

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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.


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