2022 UP- VALLEY
MARKET REPORT QUARTER TWO
QUARTER TWO
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.
Q2 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 SECOND QUARTER 16
9
2019
2020
21
2021
13
2022
AVER AGE SALE PRICE IN SECOND QUARTER 2019
$966,093
2020
$1,053,347
2021
$958,247
2022
$1,138,076
AVERAGE PRICE PER SQUARE FOOT IN SECOND QUARTER
$620
2019
$664
2020
$757
2021
$989
2022
DAYS ON MARKET IN SECOND QUARTER
88
56
17
2019
2020
2021
11 2022
Q2 Market Update
BOOTH CREEK
// 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. NUMBER OF CLOSINGS IN SECOND QUARTER 1
2
2
NA
2019
2020
2021
2022
AVER AGE SALE PRICE IN SECOND QUARTER 2019
765,000
2020
1,050,000
2021
1,294,875
2022
N/A
AVERAGE PRICE PER SQUARE FOOT IN SECOND QUARTER $696 $442
2019
NA
$450
2020
2021
2022
DAYS ON MARKET IN SECOND QUARTER
143
240
102
2019
2020
2021
331 2022
Q2 Market Update
// Highlands Meadow // Located
HIGHLANDS MEADOW
within West Vail South this neighborhood gives you privacy and on the hill views. Homes are typically larger duplexes or single family residences.
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NUMBER OF CLOSINGS IN SECOND QUARTER 3
3
3
NA
2019
2020
2021
2022
AVER AGE SALE PRICE IN SECOND QUARTER 2019
2,633,333
2020
2,955,000
2021
3,016,666
2022
N/A
AVERAGE PRICE PER SQUARE FOOT IN SECOND QUARTER
$607
2019
$719
2020
$748
2021
NA
2022
DAYS ON MARKET IN SECOND QUARTER
242
650
808
NA
2019
2020
2021
2022
Q2 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 SECOND QUARTER 6
2
7
2019
2020
2021
2
2022
AVER AGE SALE PRICE IN SECOND QUARTER 2019
4,693,333
2020
1,480,000
2021
2,890,714
2022
12,750,000
AVERAGE PRICE PER SQUARE FOOT IN SECOND QUARTER $1655 $1272
$1108 $679
2019
2020
2021
2022
DAYS ON MARKET IN SECOND QUARTER
46
73
147
21
2019
2020
2021
2022
Q2 Market Update
VAIL VILLAGE
// 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 SECOND QUARTER 10
8
36
16
2019
2020
2021
2022
AVER AGE SALE PRICE IN SECOND QUARTER 2019
2,453,850
2020
5,651,562
2021
4,677,104
2022
5,377,468
AVERAGE PRICE PER SQUARE FOOT IN SECOND QUARTER
$1486
2019
$1911
2020
$2220
2021
$2561
2022
DAYS ON MARKET IN SECOND QUARTER
843
284
121
94
2019
2020
2021
2022
Q2 Market Update
// 2 & 3 Bedroom Condo // Vail Village,
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 SECOND QUARTER 6
3
22
9
2019
2020
2021
2022
AVER AGE SALE PRICE IN SECOND QUARTER 2019
3,596,666
2020
1,275,000
2021
2,945,318
2022
3,891,111
AVERAGE PRICE PER SQUARE FOOT IN SECOND QUARTER $1780
2019
$2135
$2606
$1346
2020
2021
2022
DAYS ON MARKET IN SECOND QUARTER
806
265
2019
2020
82 2021
106 2022
// 4+ Bedroom Condos // Vail Village,
Q2 Market Update
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 SECOND QUARTER NA
2
4
2019
2020
2021
4
2022
AVER AGE SALE PRICE IN SECOND QUARTER 2019
N/A
2020
7,000,000
2021
6,193,437
2022
7,573,625
AVERAGE PRICE PER SQUARE FOOT IN SECOND QUARTER NA
2019
$1837
2020
$2087
2021
$2514
2022
DAYS ON MARKET IN SECOND QUARTER
848 NA
647
205
117
2018
2019
2020
2021
Q2 Market Update
VAIL VILLAGE
// 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. NUMBER OF CLOSINGS IN SECOND QUARTER 4
2019
NA
2020
7
2
2021
2022
AVER AGE SALE PRICE IN SECOND QUARTER 2019
739,625
2020
N/A
2021
1,386,428
2022
1,612,500
AVERAGE PRICE PER SQUARE FOOT IN SECOND QUARTER NA $1046
2019
2020
$1710
2021
$1980
2022
DAYS ON MARKET IN SECOND QUARTER
876
NA
202
3
2019
2020
2021
2022
Q2 Market Update
// Single Family + Duplex // Vail Village,
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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NUMBER OF CLOSINGS IN SECOND QUARTER NA
2
3
2019
2020
2021
NA
2022
AVER AGE SALE PRICE IN SECOND QUARTER 2019
N/A
2020
12,593,750
2021
23,033,333
2022
N/A
AVERAGE PRICE PER SQUARE FOOT IN SECOND QUARTER NA
$4211
NA
2021
2022
$2745
2019
2020
DAYS ON MARKET IN SECOND QUARTER
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NA
93
104
NA
2019
2020
2021
2022
Q2 Market Update
// Spraddle Creek // Overlooking Vail
SPRADDLE CREEK
from an elevated point, these multi-million dollar castles are unlike any other properties in the Valley
NUMBER OF CLOSINGS IN SECOND QUARTER NA
NA
1
NA
2019
2020
2021
2022
AVER AGE SALE PRICE IN SECOND QUARTER 2019
N/A
2020
N/A
2021
8,100,000
2022
N/A
AVERAGE PRICE PER SQUARE FOOT IN SECOND QUARTER NA
NA
2019
2020
$1078
2021
NA
2022
DAYS ON MARKET IN SECOND QUARTER
NA 2019
NA
650
NA
2020
2021
2022
Q2 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 SECOND QUARTER 11
8
2019
2020
22
2021
17
2022
AVER AGE SALE PRICE IN SECOND QUARTER 2019
1,773,663
2020
1,609,312
2021
2,748,451
2022
5,596,617
AVERAGE PRICE PER SQUARE FOOT IN SECOND QUARTER $2306 $1357
2019
$1476 $1308
2020
2021
2022
DAYS ON MARKET IN SECOND QUARTER
156
188
286
65
2019
2020
2021
2022
Q2 Market Update
// Cascade Village // Vail’s western most lift
CASCADE VILLAGE
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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. NUMBER OF CLOSINGS IN SECOND QUARTER NA
2
2
5
2019
2020
2021
2022
AVER AGE SALE PRICE IN SECOND QUARTER 2019
N/A
2020
3,074,000
2021
2,952,500
2022
4,770,000
AVERAGE PRICE PER SQUARE FOOT IN SECOND QUARTER $1,774
NA $1,083
2019
2020
$1177
2021
2022
DAYS ON MARKET IN SECOND QUARTER
NA
254
456
1
2019
2020
2021
2022
Q2 Market Update
SANDSTONE AND LIONSRIDGE
// 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. NUMBER OF CLOSINGS IN SECOND QUARTER 11
5
7
2019
2020
2021
10
2022
AVER AGE SALE PRICE IN SECOND QUARTER 2019
613,609
2020
596,000
2021
1,037,142
2022
1,330,850
AVERAGE PRICE PER SQUARE FOOT IN SECOND QUARTER
$580
2019
$643
2020
$687
2021
$953
2022
DAYS ON MARKET IN SECOND QUARTER
115
79
103
2
2019
2020
2021
2022
Q2 Market Update
// Potato Patch // With direct views of Vail
POTATO PATCH
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!
NUMBER OF CLOSINGS IN SECOND QUARTER 3
2
2019
2020
4
2021
5
2022
AVER AGE SALE PRICE IN SECOND QUARTER 2019
2,331,166
2020
2,000,000
2021
2,719,531
2022
4,109,000
AVERAGE PRICE PER SQUARE FOOT IN SECOND QUARTER $976 $752
2019
$743
2020
$697
2021
2022
DAYS ON MARKET IN SECOND QUARTER
238
30
28
2019
2020
2021
9 2022
Q2 Market Update
// Buffehr Creek // Tucked behind and
BUFFEHR CREEK
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.
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NUMBER OF CLOSINGS IN SECOND QUARTER 3
NA
2
1
2019
2020
2021
2022
AVER AGE SALE PRICE IN SECOND QUARTER 2019
2,043,333
2020
N/A
2021
5,376,163
2022
1,285,000
AVERAGE PRICE PER SQUARE FOOT IN SECOND QUARTER NA
$997
$947
$562
2019
2020
2021
2022
DAYS ON MARKET IN SECOND QUARTER
156
NA
191
5
2019
2020
2021
2022
Q2 Market Update
WEST VAIL NORTH
// 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. NUMBER OF CLOSINGS IN SECOND QUARTER 5
2
6
1
2019
2020
2021
2022
AVER AGE SALE PRICE IN SECOND QUARTER 2019
1,284,024
2020
437,000
2021
1,710,513
2022
780,000
AVERAGE PRICE PER SQUARE FOOT IN SECOND QUARTER
$525
2019
$550
2020
$696
2021
$747
2022
DAYS ON MARKET IN SECOND QUARTER
151
2
83
2019
2020
2021
6 2022
Q2 Market Update
WEST VAIL SOUTH
// 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. NUMBER OF CLOSINGS IN SECOND QUARTER 5
1
9
2019
2020
2021
6
2022
AVER AGE SALE PRICE IN SECOND QUARTER 2019
1,109,500
2020
3,450,000
2021
1,044,722
2022
1,482,666
AVERAGE PRICE PER SQUARE FOOT IN SECOND QUARTER
$526
2019
$616
2020
$659
2021
$791
2022
DAYS ON MARKET IN SECOND QUARTER
55
16
93
2019
2020
2021
33 2022
Q2 Market Update
VAIL VILLAGE FRACTIONAL
// 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. NUMBER OF CLOSINGS IN SECOND QUARTER 10
3
9
2019
2020
2021
10
2022
AVER AGE SALE PRICE IN SECOND QUARTER 2019
284,500
2020
430,000
2021
280,555
2022
416,000
AVERAGE PRICE PER SQUARE FOOT IN SECOND QUARTER
$169
$169
2019
2020
$177
2021
$234
2022
DAYS ON MARKET IN SECOND QUARTER
467
377
156
2019
2020
2021
186 2022
LUXURY
REAL ESTATE
SINCE 1977
reports published JulyMay 2022 based availableatat of June 2022, except thestats. today stats. Information and statistics derived from theService. Multiple Listing AllAllreports areare published April and 2021 basedon ondata data available thethe endend of March 2021, except for thefor today Information and statistics derived from the Multiple Listing Neither theService. Board or its MLS 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. 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. Report reflects activity by all brokers participated in the MLS.