2022 DOWN- VALLEY
MARKET REPORT QUARTER TWO
QUARTER TWO
MARKET PERFORMANCE
DOWN-VALLEY REAL ESTATE IN THE VAIL VALLEY, COLORADO Throughout the down-valley areas of the Vail Valley, you'll find thriving neighborhoods perfect for families as well as expansive ranches and riverfront properties. 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.
Q2 Market Update
// Minturn // Minturn offers abundant
MINTURN
recreational opportunities. The upper Eagle River parallels the main street which is lined with restaurants, apartments, and single-family homes. The river hosts great fishing, a kayak course, and its banks have a beautiful music amphitheater and children’s park.
NUMBER OF CLOSINGS IN SECOND QUARTER 3
5
1
7
2019
2020
2021
2022
AVER AGE SALE PRICE IN SECOND QUARTER 2019
621,416
2020
786,800
2021
795,000
2022
1,332,000
AVERAGE PRICE PER SQUARE FOOT IN SECOND QUARTER $765 $341
2019
$418
2020
$515
2021
2022
DAYS ON MARKET IN SECOND QUARTER
235
245
187
9
2019
2020
2021
2022
Q2 Market Update
EAGLE VAIL
// Eagle Vail // Located 5 miles west of Vail Village and one mile east of Beaver Creek; Eagle Vail is a family neighborhood with schools, a golf course, parks, tennis courts and a swimming pool plus exceptional hiking and mountain biking.
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NUMBER OF CLOSINGS IN SECOND QUARTER 15
12
26
28
2019
2020
2021
2022
AVER AGE SALE PRICE IN SECOND QUARTER 2019
678,971
2020
792,250
2021
884,121
2022
1,456,642
AVERAGE PRICE PER SQUARE FOOT IN SECOND QUARTER $680 $352
$417
2019
2020
$460
2021
2022
DAYS ON MARKET IN SECOND QUARTER
114
45
13
14
2019
2020
2021
2022
Q2 Market Update
AVON
Lorem ipsum
// Avon // Primarily a commercial community, Avon is located at the base of Beaver Creek, Colorado. Pockets of single family homes and condominiums are located along the banks of the Eagle River as well as surrounding Nottingham Lake. A new gondola has added great skier access between Avon and Beaver Creek. NUMBER OF CLOSINGS IN SECOND QUARTER 27
10
51
45
2019
2020
2021
2022
AVER AGE SALE PRICE IN SECOND QUARTER 2019
576,031
2020
969,580
2021
663,154
2022
978,311
AVERAGE PRICE PER SQUARE FOOT IN SECOND QUARTER $949 $532
2019
$625
2020
$644
2021
2022
DAYS ON MARKET IN SECOND QUARTER
121
50
48
8
2019
2020
2021
2022
Q2 Market Update
// Mountain Star // Luxury, gated
MOUNTAIN STAR
community, consisting of large, private home sites with unsurpassed views of Beaver Creek. Aspen trees and wildlife along with beautiful private hiking trails create a sense of privacy for these custom built homes.
NUMBER OF CLOSINGS IN SECOND QUARTER 1
NA
2019
2020
1
2021
2
2022
AVER AGE SALE PRICE IN SECOND QUARTER 2019
3,054,000
2020
N/A
2021
5,372,500
2022
13,625,000
AVERAGE PRICE PER SQUARE FOOT IN SECOND QUARTER $1609 NA $592
$538
2019
2020
2021
2022
DAYS ON MARKET IN SECOND QUARTER
609
NA
404
30
2019
2020
2021
2022
Q2 Market Update
WILDRIDGE
// Wildridge // Incomparable views of Beaver Creek, Bachelor Gulch and Arrowhead Lorem ipsum as well as a large part of the western Valley. Wildridge is quintessential Colorado and only minutes from town and skiing. Perfect for families, locals and second homeowners alike.
NUMBER OF CLOSINGS IN SECOND QUARTER 9
5
7
6
2019
2020
2021
2022
AVER AGE SALE PRICE IN SECOND QUARTER 2019
760,777
2020
1,117,900
2021
1,517,000
2022
1,429,666
AVERAGE PRICE PER SQUARE FOOT IN SECOND QUARTER $575 $315
$350
2019
2020
$435
2021
2022
DAYS ON MARKET IN SECOND QUARTER
69
83
19
6
2019
2020
2021
2022
Q2 Market Update
BEAVER CREEK
// Beaver Creek // Stunning mountain views, world-class amenities and a European charm contribute to Beaver Creek’s renowned reputation. Built as a five-star alternative to the growing popularity of Vail, Beaver Creek attracts visitors from all over the world. Distinctive boutiques, art galleries and restaurants create an unparalleled base area experience, all year long. NUMBER OF CLOSINGS IN SECOND QUARTER 29
9
2019
2020
45
2021
34
2022
AVER AGE SALE PRICE IN SECOND QUARTER 2019
1,784,109
2020
1,590,055
2021
1,992,288
2022
2,577,000
AVERAGE PRICE PER SQUARE FOOT IN SECOND QUARTER
$764
2019
$779
2020
$928
2021
$1418
2022
DAYS ON MARKET IN SECOND QUARTER
176
146
121
14
2019
2020
2021
2022
Q2 Market Update
BACHELOR GULCH
// Bachelor Gulch // Vail Valley’s most exclusive ski-in ski-out community. Bachelor Gulch is anchored by the Ritz Carlton® hotel and private club complex, which offers residents and club members five-star spa facilities and an on-demand transportation system allowing for easy access to Beaver Creek’s fabulous shops and restaurants. NUMBER OF CLOSINGS IN SECOND QUARTER 8
10
4
3
2019
2020
2021
2022
AVER AGE SALE PRICE IN SECOND QUARTER 2019
3,170,000
2020
2,737,400
2021
6,656,250
2022
3,684,833
AVERAGE PRICE PER SQUARE FOOT IN SECOND QUARTER $1500 $858
2019
$930
2020
$1050
2021
2022
DAYS ON MARKET IN SECOND QUARTER
237
156
295
45
2019
2020
2021
2022
Q2 Market Update
ARROWHEAD
// Arrowhead // Featuring a Jack Nicklaus golf course, which winds along the banks of the Eagle River. Large homes are seen throughout rolling meadows that evoke a feeling of the Irish countryside. The golf course clubhouse and ski area are conveniently located adjacent to one another. NUMBER OF CLOSINGS IN SECOND QUARTER 17
5
10
16
2019
2020
2021
2022
AVER AGE SALE PRICE IN SECOND QUARTER 2019
2,383,941
2020
1,151,600
2021
3,223,300
2022
3,093,468
AVERAGE PRICE PER SQUARE FOOT IN SECOND QUARTER $1041 $630
2019
$664
2020
$765
2021
2022
DAYS ON MARKET IN SECOND QUARTER
307
92
2019
2020
78 2021
3 2022
Q2 Market Update
SINGLETREE
// Singletree // The Sonnenalp Hotel owns and operates a private golf and country club in the Singletree neighborhood. Beautiful pools, clay tennis courts, Tom Weiskopf design golf course, state of the art workout facility, bar and restaurant offer residents the opportunity to enjoy a luxury facility right in their backyard. NUMBER OF CLOSINGS IN SECOND QUARTER 13
7
17
6
2019
2020
2021
2022
AVER AGE SALE PRICE IN SECOND QUARTER 2019
994,076
2020
1,191,571
2021
1,466,176
2022
2,026,833
AVERAGE PRICE PER SQUARE FOOT IN SECOND QUARTER
$348
2019
$493
$644
$328
2020
2021
2022
DAYS ON MARKET IN SECOND QUARTER
173
85
78
6
2019
2020
2021
2022
Q2 Market Update
EDWARDS AND RIVERWALK
// Edwards and Riverwalk // The star of the western Vail Valley. A movie theater, restaurants, clothing stores, banks, a grocery store and a post office give the Western town a modern atmosphere and make it the true heart of the Valley.
NUMBER OF CLOSINGS IN SECOND QUARTER 13
5
10
16
2019
2020
2021
2022
AVER AGE SALE PRICE IN SECOND QUARTER 2019
652,576
2020
454,305
2021
796,550
2022
894,593
AVERAGE PRICE PER SQUARE FOOT IN SECOND QUARTER $655 $399
2019
$505 $349
2020
2021
2022
DAYS ON MARKET IN SECOND QUARTER
157
81
18
22
2019
2020
2021
2022
Q2 Market Update
// Homestead // Composed of 760 acres in
HOMESTEAD
three filings of single-family homes, townhomes and multi-family housing. It has approximately 800 residences and over 400 acres of open space within its planned unit development, and at the center of it all is the Homestead Court Club. Homestead is at the center of all the wonderful activities the Valley has to offer. NUMBER OF CLOSINGS IN SECOND QUARTER 10
3
21
2019
2020
2021
9
2022
AVER AGE SALE PRICE IN SECOND QUARTER 2019
945,250
2020
817,233
2021
1,003,362
2022
1,260,000
AVERAGE PRICE PER SQUARE FOOT IN SECOND QUARTER $556 $333
2019
$426 $309
2020
2021
2022
DAYS ON MARKET IN SECOND QUARTER
163
47
22
2
2019
2020
2021
2022
Q2 Market Update
// Lake Creek // Lake Creek is only
LAKE CREEK
minutes from the fine restaurants and shops of Edwards yet offers residents the space to be completely secluded. Favored by horse enthusiasts and lovers of nature, Lake Creek’s ranch sized home sites leave residents to their own initiatives. NUMBER OF CLOSINGS IN SECOND QUARTER 2
3
3
2
2019
2020
2021
2022
AVER AGE SALE PRICE IN SECOND QUARTER 2019
3,012,500
2020
1,613,333
2021
3,635,000
2022
3,735,000
AVERAGE PRICE PER SQUARE FOOT IN SECOND QUARTER $892 $464
2019
$595
$563
2020
2021
2022
DAYS ON MARKET IN SECOND QUARTER
85 2019
83
108
18
2020
2021
2022
Q2 Market Update
CORDILLERA
// Summit, Divide & Ranch // Cordillera is Vail’s original mountain golf community featuring courses designed by Jack Nicklaus, Tom Fazio, Hale Irwin, and Dave Pelz. Cordillera is a coveted and very private neighborhood; large home sites and security gates allow residents to enjoy a peaceful mountain experience. NUMBER OF CLOSINGS IN SECOND QUARTER 14
6
22
7
2019
2020
2021
2022
AVER AGE SALE PRICE IN SECOND QUARTER 2019
1,641,714
2020
1,990,000
2021
2,813,522
2022
4,252,857
AVERAGE PRICE PER SQUARE FOOT IN SECOND QUARTER
$354
2019
$340
2020
$523
2021
$729
2022
DAYS ON MARKET IN SECOND QUARTER
848 188
433
42
31
2019
2020
2021
2022
Q2 Market Update
CORDILLERA VALLEY CLUB
// Cordillera Valley Club // Cordillera is Vail’s original mountain golf community featuring courses designed by Jack Nicklaus, Tom Fazio, Hale Irwin, and Dave Pelz. Cordillera is a coveted and very private neighborhood; large home sites and security gates allow residents to enjoy a peacful mountain experience. NUMBER OF CLOSINGS IN SECOND QUARTER 10
2
1
1
2019
2020
2021
2022
AVER AGE SALE PRICE IN SECOND QUARTER 2019
2,673,142
2020
2,662,500
2021
4,300,000
2022
4,949,000
AVERAGE PRICE PER SQUARE FOOT IN SECOND QUARTER $905 $513
2019
$586
2020
$720
2021
2022
DAYS ON MARKET IN SECOND QUARTER
188
374
NA
11
2019
2020
2021
2022
Q2 Market Update
// Bellyache/Wolcott // Situated on top
BELLYACHE/WOLCOTT
of Bellyache Mountain, this high alpine development has some of the most magnificent views of the mountains and valley. Many of the homes are log, however, there are a few contemporary, and even a Tuscan design all Lorem ipsum1.5 Acres situated on private parcels between and 35 Acres. NUMBER OF CLOSINGS IN SECOND QUARTER 1
2
2
2019
2020
2021
3
2022
AVER AGE SALE PRICE IN SECOND QUARTER 2019
1,372,500
2020
1,555,000
2021
785,000
2022
3,408,333
AVERAGE PRICE PER SQUARE FOOT IN SECOND QUARTER $575 $375
2019
$302
2020
$370
2021
2022
DAYS ON MARKET IN SECOND QUARTER
169
121
3
18
2019
2020
2021
2022
Q2 Market Update
EAGLE
// Eagle // Where the locals live and play!
Eagle is about 30 minutes from both Vail and Beaver Creek Resorts and, as such, is THE place for locals. With a range of homes built in 1915 to present day. With wonderful little restaurants and shops and a lower elevation than Vail, Eagle is a little known paradise. NUMBER OF CLOSINGS IN SECOND QUARTER 23
17
29
2019
2020
2021
22
2022
AVER AGE SALE PRICE IN SECOND QUARTER 2019
485,138
2020
746,332
2021
628,297
2022
944,238
AVERAGE PRICE PER SQUARE FOOT IN SECOND QUARTER $466 $367 $259
2019
2020
$346
2021
2022
DAYS ON MARKET IN SECOND QUARTER
69
155
2019
2020
11 20201
10 2022
Q2 Market Update
EAGLE RANCH
// Eagle Ranch // Located 30 minutes
west of Vail, Eagle Ranch is a planned community built for permanent residents. Lower elevation and warmer weather along with well priced single family homes of Eagle Ranch attract people of all ages. NUMBER OF CLOSINGS IN SECOND QUARTER 19
7
26
23
2019
2020
2021
2022
AVER AGE SALE PRICE IN SECOND QUARTER 2019
754,710
2020
938,571
2021
1,202,634
2022
1,416,809
AVERAGE PRICE PER SQUARE FOOT IN SECOND QUARTER
$255
2019
$362
$409
2021
2022
$281
2020
DAYS ON MARKET IN SECOND QUARTER
75
90
10
14
2019
2020
2021
2022
Q2 Market Update
GYPSUM
// Gypsum // Just west of Eagle and is connected by the Eagle River. With skiing just up the road (I-70) and the Eagle and Colorado Rivers only minutes away Gypsum is home to a wide variety of recreational outlets. NUMBER OF CLOSINGS IN SECOND QUARTER 24
15
36
34
2019
2020
2021
2022
AVER AGE SALE PRICE IN SECOND QUARTER 2019
373,317
2020
444,862
2021
502,325
2022
642,803
AVERAGE PRICE PER SQUARE FOOT IN SECOND QUARTER $384 $300
2019
$259
2020
$305
2021
2022
DAYS ON MARKET IN SECOND QUARTER
66
38
29
15
2019
2020
2021
2022
LUXURY
REAL ESTATE
SINCE 1977
All reports are published July 2022 based on data available at the end of June 2022 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 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.