MARKET REPORT QUARTER ONE
2023 UP- VALLEY
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.
QUARTER ONE
Q1 Market Update
EAST VAIL
// 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.
NUMBER OF CLOSINGS IN FIRST QUARTER
AVERAGE PRICE PER SQUARE FOOT IN FIRST QUARTER
2020 2021 2022 2023 1,027,500 1,393,073 928,346 882,500 AV E R A G E S A L E P R I C E IN FIRST QUARTER 2020 2021 2022 2023 227 45 157 58 D AY S O N M A R K E T IN FIRST QUARTER 2020 2021 2022 2023
$1030 $759 $662
$949
2020 2021 2022 2023
11 12 13 4
Q1 Market Update
BOOTH CREEK
NUMBER OF CLOSINGS IN FIRST QUARTER
75 2 2 2 3
2020 2021 2022 2023 1,366,250 1,441,000 1,505,500 1,518,333 AV E R A G E S A L E P R I C E IN FIRST QUARTER 2020 2021 2022 2023 131 50 96 D AY S O N M A R K E T IN FIRST QUARTER 2020 2021 2022 2023 $925 $878 $713 $502
AVERAGE PRICE PER SQUARE FOOT IN FIRST QUARTER 2020 2021 2022 2023
// 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 condominium 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.
Q1 Market Update
VAIL GOLF COURSE
// 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.
NUMBER OF CLOSINGS IN FIRST QUARTER
AVERAGE PRICE PER SQUARE FOOT IN FIRST QUARTER
2020 2021 2022 2023 740,000 2,245,000 3,278,333 5,065,000 AV E R A G E S A L E P R I C E IN FIRST QUARTER 2020 2021 2022 2023 196 13 182 2 D AY S O N M A R K E T IN FIRST QUARTER 2020 2021 2022 2023
8 $599
$1726 $1379 $87
2020 2021 2022 2023
1 5 3 2
VAIL VILLAGE Q1
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.
NUMBER OF CLOSINGS IN FIRST QUARTER
AVERAGE PRICE PER SQUARE FOOT IN FIRST QUARTER
2019 2020 2021 2022 5,983,653 2,436,027 5,299,208 6,582,111 AV E R A G E S A L E P R I C E IN FIRST QUARTER 2020 2021 2022 2023 429 106 241 20 D AY S O N M A R K E T IN FIRST QUARTER 2020 2021 2022 2023 $3053 $2383 $1729 $2050
2020 2021 2022 2023
13 22 12 9
Q1 Market Update
VAIL VILLAGE
& 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.
NUMBER OF CLOSINGS IN FIRST QUARTER
AVERAGE PRICE PER SQUARE FOOT IN FIRST QUARTER
2020 2021 2022 2023 2,448,437 2,446,944 4,004,500 4,047,800 AV E R A G E S A L E P R I C E IN FIRST QUARTER 2020 2021 2022 2023 163 103 276 10 D AY S O N M A R K E T IN FIRST QUARTER 2020 2021 2022 2023
$2302 $1724 $1776
$3081
2019 2020 2021 2022 //
10 8 18 5
2
Q1 Market Update
VAIL VILLAGE
// 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.
NUMBER OF CLOSINGS IN FIRST QUARTER
AVERAGE PRICE PER SQUARE FOOT IN FIRST QUARTER
2020 2021 2022 2023 12,883,333 6,400,000 7,200,000 11,941,667 AV E R A G E S A L E P R I C E IN FIRST QUARTER 2020 2021 2022 2023 1222 287 65 35 D AY S O N M A R K E T IN
QUARTER 2020 2021 2022 2023
$2821 $2 222 $2597
FIRST
$3242
2020 2021 2022 2023
3 1 1 3
Q1 Market Update
VAIL VILLAGE
NUMBER OF CLOSINGS IN FIRST QUARTER
NA 3 1 1
2020 2021 2022 2023 N/A 1,049,200 1,350,000 3,175,000 AV E R A G E S A L E P R I C E IN FIRST QUARTER 2020 2021 2022 2023 NA 2 89 29 D AY S O N M A R K E T IN FIRST QUARTER 2020 2021 2022 2023 $2344 $1965 $1599 NA
AVERAGE 2020 2021 2022 2023
PRICE PER SQUARE FOOT IN FIRST QUARTER
// 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.
Q1 Market Update
VAIL VILLAGE
// 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.
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2020 2021 2022 2023 9,775,000 N/A 19,000,000 N/A AV E R A G E S A L E P R I C E IN FIRST QUARTER 2020 2021 2022 2023 304 62 NA NA D AY S O N M A R K E T IN FIRST QUARTER 2020 2021 2022 2023 NA $3100 NA $2322 AVERAGE PRICE
QUARTER
2020 2021 2022 2023
PER SQUARE FOOT IN FIRST
NUMBER OF CLOSINGS IN FIRST QUARTER
2 NA 1 NA
SPRADDLE CREEK
// Spraddle Creek // Overlooking Vail from an elevated point, these multi-million dollar castles are unlike any other properties in the Valley
2019 2020 2021 2022 N/A N/A N/A N/A AV E R A G E S A L E P R I C E IN FIRST QUARTER 2019 2020 2021 2022 675 NA NA NA D AY S O N M A R K E T IN FIRST QUARTER 2019 2020 2021 2022 NA NA NA AVERAGE PRICE PER SQUARE FOOT IN FIRST QUARTER NUMBER OF CLOSINGS IN FIRST QUARTER 2020 2021 2022 2023
NA NA NA NA NA
Q1 Market
Update
Q1 Market Update
LIONSHEAD VILLAGE
// 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.
NUMBER OF CLOSINGS IN FIRST QUARTER
AVERAGE PRICE PER SQUARE FOOT IN FIRST QUARTER
2020 2021 2022 2023 2,454,375 2,453,852 5,904,642 2,337,857 AV E R A G E S A L E P R I C E IN FIRST QUARTER 2020 2021 2022 2023 253 149 158 82
AY S O N M A R K E T
QUARTER
2021 2022 2023 $2140 $1634 $1616 $1536
D
IN FIRST
2020
2020 2021 2022 2023
8 17 7 7
Q1 Market Update
CASCADE VILLAGE
// 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 single-family homes line the banks of the Gore Creek. Access is limited to only one driveway ensuring residents the utmost privacy.
2020 2021 2022 2023 2,076,667 3,187,333 3,050,000 N/A AV E R A G E S A L E P R I C E IN FIRST QUARTER 2020 2021 2022 2023 179 8 166 NA D AY S O N M A R K E T IN FIRST QUARTER 2020 2021 2022 2023 NA $1614 $1153 $1081
FIRST QUARTER
OF
QUARTER 2020 2021 2022 2023
AVERAGE PRICE PER SQUARE FOOT IN
NUMBER
CLOSINGS IN FIRST
3 6 2 NA
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Q1 Market Update
SANDSTONE AND LIONSRIDGE
NUMBER OF CLOSINGS IN FIRST QUARTER
10 8 8 3
2020 2021 2022 2023 751,850 918,000 1,016,500 1,300,000 AV E R A G E S A L E P R I C E IN FIRST QUARTER 2020 2021 2022 2023 108 4 95 65 D AY S O N M A R K E T IN FIRST QUARTER 2020 2021 2022 2023 $777 $868 $709 $587
AVERAGE 2020 2021 2022 2023
PRICE PER SQUARE FOOT IN FIRST QUARTER
// 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.
Q1 Market Update
POTATO PATCH
// 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!
OF CLOSINGS IN FIRST QUARTER
PRICE PER SQUARE FOOT IN FIRST QUARTER
2020 2021 2022 2023 N/A 2,525,000 2,500,000 2,275,000 AV E R A G E S A L E P R I C E IN FIRST QUARTER 2020 2021 2022 2023 NA 56 20 85 D AY S O N M A R K E T IN FIRST QUARTER 2020 2021 2022 2023 $893 $731 $9 0 4 NA AVERAGE
2020 2021 2022 2023
NUMBER
3 2 1 NA
BUFFEHR CREEK
// 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.
ipsum 2020 2021 2022 2023 N/A 2,409,250 1,218,500 N/A AV E R A G E S A L E P R I C E IN FIRST QUARTER 2020 2021 2022 2023 NA 5 376 NA D AY S O N M A R K E T IN FIRST QUARTER 2020 2021 2022 2023 NA $847 $710 NA AVERAGE PRICE
QUARTER
QUARTER 2020 2021 2022 2023
PER SQUARE FOOT IN FIRST
NUMBER OF CLOSINGS IN FIRST
2 2 NA NA
Q1
Market Update
HIGHLANDS MEADOW
// 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.
NUMBER OF CLOSINGS IN FIRST QUARTER
AVERAGE PRICE PER SQUARE FOOT IN FIRST QUARTER
2020 2021 2022 2023 2,365,000 2,550,000 3,300,000 2,587,000 AV E R A G E S A L E P R I C E IN FIRST QUARTER 2020 2021 2022 2023 391 228 217 105 D AY S O N M A R K E T IN FIRST QUARTER 2020 2021 2022 2023 $803 $641 $449 $600
2020 2021 2022 2023
1 1 1 1
Q1 Market Update
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WEST VAIL NORTH Q1 Market Update
2020 2021 2022 2023 629,556 689,000 2,502,255 1,022,500 AV E R A G E S A L E P R I C E IN FIRST QUARTER 2020 2021 2022 2023 30 32 58 31 D AY S O N M A R K E T IN FIRST QUARTER 2020 2021 2022 2023 $784 $836 $561 $427 AVERAGE PRICE PER SQUARE FOOT IN FIRST QUARTER NUMBER OF CLOSINGS IN FIRST QUARTER 2020 2021 2022 2023 // 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. 3 5 4 2
WEST VAIL SOUTH Q1 Market Update
West
2020 2021 2022 2023 1,018,928 1,152,250 N/A 1,760,667 AV E R A G E S A L E P R I C E IN FIRST QUARTER 2020 2021 2022 2023 59 NA 50 16 D AY S O N M A R K E T IN FIRST QUARTER 2020 2021 2022 2023 $1094 NA $603 $513 AVERAGE PRICE PER SQUARE FOOT IN FIRST QUARTER NUMBER OF CLOSINGS IN FIRST QUARTER 2020 2021 2022 2023 // West Vail South
7 4 NA 3
// Minutes from the Vail Village and world-class skiing,
Vail residents enjoy a small community environment with the benefits afforded by its close proximity to Vail amenities and activities.
VAIL VILLAGE FRACTIONAL
offer this
2020 2021 2022 2023 375,000 325,000 310,250 413,600 AVERAGE SALE PRICE IN FIRST QUARTER 2020 2021 2022 2023 312 298 115 62 DAYS O N MARKET IN FIRST QUARTER 2020 2021 2022 2023 $243 $184 $202 $182 AVERAGE PRICE PER SQUARE FOOT IN FIRST QUARTER NUMBER OF CLOSINGS IN FIRST QUARTER 2020 2021 2022 2023 // Vail Village Fractional Ownership // Fractional Ownership Opportunities give you best location with the lowest cost. For the
cost you get to
multiple
Village. The buildings
3 16 20 17
fraction of the
spend
weeks in the
in Vail Village that
ownership type are: Austria Haus Club, One Willow Bridge Road, and the Sebastian.
Q1 Market Update
REAL
1977 LUXURY All reports are published April and May 2021 based on data available at the end of March 2021, 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. All reports are published April 2023 based on data available at the end of March 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.
ESTATE SINCE