2022 DOWN- VALLEY
MARKET REPORT QUARTER ONE
QUARTER ONE
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.
Q1 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 FIRST QUARTER 2
5
7
1
2019
2020
2021
2022
AVER AGE SALE PRICE IN FIRST QUARTER 2019
1,087,500.00
2020
709,200.00
2021
783,571.00
2022
1,589,000.00
AVERAGE PRICE PER SQUARE FOOT IN FIRST QUARTER $592 $416
2019
$532
2020
$430
2021
2022
DAYS ON MARKET IN FIRST QUARTER
154
64
217
1
2019
2020
2021
2022
Q1 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 FIRST QUARTER 10
7
16
10
2019
2020
2021
2022
AVER AGE SALE PRICE IN FIRST QUARTER 2019
994,400
2020
596,000
2021
894,642
2022
1,071,300
AVERAGE PRICE PER SQUARE FOOT IN FIRST QUARTER $605 $393
$402
2019
2020
$477
2021
2022
DAYS ON MARKET IN FIRST QUARTER
133
92
15
10
2019
2020
2021
2022
Q1 Market Update
AVON
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// 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 FIRST QUARTER 24
21
31
26
2019
2020
2021
2022
AVER AGE SALE PRICE IN FIRST QUARTER 2019
522,426
2020
759,250
2021
807,814
2022
919,446
AVERAGE PRICE PER SQUARE FOOT IN FIRST QUARTER
$511
2019
$633
2020
$762
2021
$816
2022
DAYS ON MARKET IN FIRST QUARTER
70
107
47
17
2019
2020
2021
2022
Q1 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 FIRST QUARTER NA
NA
2
2019
2020
2021
1
2022
AVER AGE SALE PRICE IN FOURTH QUARTER 2019
N/A
2020
N/A
2021
5,250,000
2022
9,050,000
AVERAGE PRICE PER SQUARE FOOT IN FIRST QUARTER $848 NA
NA
2019
2020
$591
2021
2022
DAYS ON MARKET IN FIRST QUARTER
NA 2019
NA
736
2020
2021
551 2022
Q1 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 FIRST QUARTER 11
5
6
7
2019
2020
2021
2022
AVER AGE SALE PRICE IN FIRST QUARTER 2019
711,774
2020
1,105,000
2021
948,750
2022
1,627,642
AVERAGE PRICE PER SQUARE FOOT IN FIRST QUARTER $563 $359
$355
$299
2019
2020
2021
2022
DAYS ON MARKET IN FIRST QUARTER
116
178
47
80
2019
2020
2021
2022
Q1 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 FIRST QUARTER 24
19
49
2019
2020
2021
23
2022
AVER AGE SALE PRICE IN FIRST QUARTER 2019
1,741,344
2020
2,095,100
2021
2,584,544
2022
2,679,000
AVERAGE PRICE PER SQUARE FOOT IN FIRST QUARTER
$738
2019
$782
2020
$918
2021
$1157
2022
DAYS ON MARKET IN FIRST QUARTER
189
204
193
84
2019
2020
2021
2022
Q1 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 FIRST QUARTER 5
11
2019
2020
19
2021
13
2022
AVER AGE SALE PRICE IN FIRST QUARTER 2019
2,980,000
2020
2,303,727
2021
3,867,407
2022
6,342,076
AVERAGE PRICE PER SQUARE FOOT IN FIRST QUARTER $1340 $1037
2019
$888
2020
$1023
2021
2022
DAYS ON MARKET IN FIRST QUARTER
140
226
139
23
2019
2020
2021
2022
Q1 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 FIRST QUARTER 9
9
15
14
2019
2020
2021
2022
AVER AGE SALE PRICE IN FIRST QUARTER 2019
1,632,667
2020
1,917,711
2021
2,555,630
2022
3,172,678
AVERAGE PRICE PER SQUARE FOOT IN FIRST QUARTER $1046 $571
2019
$563
2020
$668
2021
2022
DAYS ON MARKET IN FIRST QUARTER
163
201
137
137
2019
2020
2021
2022
Q1 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 FIRST QUARTER 5
8
4
11
2019
2020
2021
2022
AVER AGE SALE PRICE IN FIRST QUARTER 2019
1,125,200
2020
1,112,187
2021
1,239,125
2022
2,275,909
AVERAGE PRICE PER SQUARE FOOT IN FIRST QUARTER
$405
2019
$537
$649
$348
2020
2021
2022
DAYS ON MARKET IN FIRST QUARTER
105
165
8
9
2019
2020
2021
2022
Q1 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 FIRST QUARTER 7
9
11
6
2019
2020
2021
2022
AVER AGE SALE PRICE IN FIRST QUARTER 2019
660,160
2020
507,406
2021
1,278,045
2022
800,300
AVERAGE PRICE PER SQUARE FOOT IN FIRST QUARTER $594 $358
2019
$382
2020
$531
2021
2022
DAYS ON MARKET IN FIRST QUARTER
110
37
43
8
2019
2020
2021
2022
Q1 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 FIRST QUARTER 6
5
7
2019
2020
2021
6
2022
AVER AGE SALE PRICE IN FIRST QUARTER 2019
591,991
2020
1,141,400
2021
1,037,285
2022
1,101,766
AVERAGE PRICE PER SQUARE FOOT IN FIRST QUARTER $507 $351
2019
$353
2020
$382
2021
2022
DAYS ON MARKET IN FIRST QUARTER
79
151
14
40
2019
2020
2021
2022
Q1 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 FIRST QUARTER NA
1
2
2019
2020
2021
NA
2022
AVER AGE SALE PRICE IN FIRST QUARTER 2019
N/A
2020
2,000,000
2021
3,862,500
2022
N/A
AVERAGE PRICE PER SQUARE FOOT IN FIRST QUARTER NA
$346
2019
2020
$366
NA
2021
2022
DAYS ON MARKET IN FIRST QUARTER
NA 2019
152 2020
74 2021
NA 2022
Q1 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 FIRST QUARTER 7
10
9
10
2019
2020
2021
2022
AVER AGE SALE PRICE IN FIRST QUARTER 2019
1,646,251
2020
1,871,100
2021
2,294,888
2022
3,721,947
AVERAGE PRICE PER SQUARE FOOT IN FIRST QUARTER $629 $334
2019
$369
2020
$420
2021
2022
DAYS ON MARKET IN FIRST QUARTER
848 302
171
147
71
2019
2020
2021
2022
Q1 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 FIRST QUARTER NA
2
3
NA
2019
2020
2021
2022
AVER AGE SALE PRICE IN FIRST QUARTER 2019
N/A
2020
3,387,500
2021
3,401,667
2022
N/A
AVERAGE PRICE PER SQUARE FOOT IN FIRST QUARTER NA
$600
NA
2021
2022
$498
2019
2020
DAYS ON MARKET IN FIRST QUARTER
NA
206
137
NA
2019
2020
2021
2022
Q1 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 FIRST QUARTER 2
0
4
0
2019
2020
2021
2022
AVER AGE SALE PRICE IN FIRST QUARTER 2019
744,575
2020
N/A
2021
3,668,000
2022
N/A
AVERAGE PRICE PER SQUARE FOOT IN FIRST QUARTER
$351
2019
NA
2020
$505
2021
NA
2022
DAYS ON MARKET IN FIRST QUARTER
3
NA
80
NA
2019
2020
2021
2022
Q1 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 FIRST QUARTER 19
10
18
2019
2020
2021
12
2022
AVER AGE SALE PRICE IN FIRST QUARTER 2019
450,784
2020
553,650
2021
765,619
2022
749,367
AVERAGE PRICE PER SQUARE FOOT IN FIRST QUARTER
$264
2019
$295
2020
$348
2021
$405
2022
DAYS ON MARKET IN FIRST QUARTER
146
80
2019
2020
40 20201
25 2022
Q1 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 FIRST QUARTER 10
13
10
11
2019
2020
2021
2022
AVER AGE SALE PRICE IN FIRST QUARTER 2019
645,099
2020
741,159
2021
1,066,735
2022
1,214,063
AVERAGE PRICE PER SQUARE FOOT IN FIRST QUARTER $269
2019
$239
2020
$296
2021
$422
2022
DAYS ON MARKET IN FIRST QUARTER
132
65
2019
2020
5 2021
8 2022
Q1 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 FIRST QUARTER 18
9
26
24
2019
2020
2021
2022
AVER AGE SALE PRICE IN FIRST QUARTER 2019
387,880
2020
473,472
2021
399,986
2022
646,323
AVERAGE PRICE PER SQUARE FOOT IN FIRST QUARTER $389 $325 $251
2019
2020
$271
2021
2022
DAYS ON MARKET IN FIRST QUARTER
146
60
23
46
2019
2020
2021
2022
LUXURY
REAL ESTATE
SINCE 1977
All reports are published based on data available at the end of March 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.