2022 UP- VALLEY
MARKET REPORT QUARTER ONE
QUARTER ONE
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.
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 12
11
2019
2020
12
2021
13
2022
AVER AGE SALE PRICE IN FIRST QUARTER 2019
856,135.00
2020
1,484,272
2021
1,159,166
2022
2,084,316
AVERAGE PRICE PER SQUARE FOOT IN FIRST QUARTER $1030 $582
$662
2019
2020
$759
2021
2022
DAYS ON MARKET IN FIRST QUARTER
47
227
157
45
2019
2020
2021
2022
Q4 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 FIRST QUARTER 5
2
2
2
2019
2020
2021
2022
AVER AGE SALE PRICE IN FIRST QUARTER 2019
921,700
2020
1,366,250
2021
1,441,000
2022
1,505,000
AVERAGE PRICE PER SQUARE FOOT IN FIRST QUARTER $878 $478
2019
$502
2020
$713
2021
2022
DAYS ON MARKET IN FIRST QUARTER
90
131
75
2019
2020
2021
50 2022
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 5
1
5
3
2019
2020
2021
2022
AVER AGE SALE PRICE IN FIRST QUARTER 2019
5,293,000
2020
740,000
2021
2,245,000
2022
3,278,333
AVERAGE PRICE PER SQUARE FOOT IN FIRST QUARTER $1379
$1145 $599
2019
2020
$878
2021
2022
DAYS ON MARKET IN FIRST QUARTER
192
196
182
13
2019
2020
2021
2022
Q1 Market Update
// Downtown // Vail Village, known as the
VAIL VILLAGE
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 15
13
22
2019
2020
2021
12
2022
AVER AGE SALE PRICE IN FIRST QUARTER 2019
3,642,933
2020
5,983,653
2021
2,436,027
2022
5,299,208
AVERAGE PRICE PER SQUARE FOOT IN FIRST QUARTER $2383
$2050 $1727
2019
$1729
2020
2021
2022
DAYS ON MARKET IN FIRST QUARTER
330
429
241
106
2019
2020
2021
2022
Q1 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 FIRST QUARTER 1
2
NA
1
2019
2020
2021
2022
AVER AGE SALE PRICE IN FIRST QUARTER 2019
7,137,500
2020
9,775,000
2021
N/A
2022
19,000,000
AVERAGE PRICE PER SQUARE FOOT IN FIRST QUARTER
$179 8
2019
$2322
NA
2020
2021
$3100
2022
DAYS ON MARKET IN FIRST QUARTER
1414
304
NA
62
2019
2020
2021
2022
Q1 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 FIRST QUARTER 10
8
18
9
2019
2020
2021
2022
AVER AGE SALE PRICE IN FIRST QUARTER 2019
2,570,650
2020
2,448,437
2021
2,446,944
2022
4,004,500
AVERAGE PRICE PER SQUARE FOOT IN FIRST QUARTER $2302 $1776
$1724
2020
2021
$1601
2019
2022
DAYS ON MARKET IN FIRST QUARTER
133
163
276
103
2019
2020
2021
2022
// 4+ Bedroom Condos // Vail Village,
Q1 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 FIRST QUARTER 3
3
1
1
2019
2020
2021
2022
AVER AGE SALE PRICE IN FIRST QUARTER 2019
6,800,000
2020
12,883,333
2021
6,400,000
2022
7,200,000
AVERAGE PRICE PER SQUARE FOOT IN FIRST QUARTER $2821 $2597 $2085
2019
2020
$2222
2021
2022
DAYS ON MARKET IN FIRST QUARTER
848 618
1222
65
287
2019
2020
2021
2022
Q1 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 FIRST QUARTER 1
NA
NA
NA
2019
2020
2021
2022
AVER AGE SALE PRICE IN FIRST QUARTER 2019
9,800,000
2020
N/A
2021
N/A
2022
N/A
AVERAGE PRICE PER SQUARE FOOT IN FIRST QUARTER $1540
2019
NA
NA
NA
2020
2021
2022
DAYS ON MARKET IN FIRST QUARTER
675
NA
NA
NA
2019
2020
2021
2022
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 7
8
2019
2020
17
2021
7
2022
AVER AGE SALE PRICE IN FIRST QUARTER 2019
3,152,857
2020
2,454,375
2021
2,453,852
2022
5,904,642
AVERAGE PRICE PER SQUARE FOOT IN FIRST QUARTER
$1497
2019
$1536
$1616
2020
2021
$1634
2022
DAYS ON MARKET IN FIRST QUARTER
152
253
158
149
2019
2020
2021
2022
Q1 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 FIRST QUARTER 3
3
6
2
2019
2020
2021
2022
AVER AGE SALE PRICE IN FIRST QUARTER 2019
2,513,667
2020
2,076,667
2021
3,187,333
2022
3,050,000
AVERAGE PRICE PER SQUARE FOOT IN FIRST QUARTER $1614 $1058
$1081
$1153
2019
2020
2021
2022
DAYS ON MARKET IN FIRST QUARTER
51
179
166
8
2019
2020
2021
2022
Q1 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 FIRST QUARTER 5
10
8
8
2019
2020
2021
2022
AVER AGE SALE PRICE IN FIRST QUARTER 2019
698,500
2020
751,850
2021
918,000
2022
1,016,500
AVERAGE PRICE PER SQUARE FOOT IN FIRST QUARTER
$569
2019
$587
2020
$709
2021
$868
2022
DAYS ON MARKET IN FIRST QUARTER
103
108
95
4
2019
2020
2021
2022
Q1 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 FIRST QUARTER NA
NA
3
2019
2020
2019
2
2022
AVER AGE SALE PRICE IN FIRST QUARTER 2019
N/A
2020
N/A
2021
2,525,000
2022
2,500,000
AVERAGE PRICE PER SQUARE FOOT IN FIRST QUARTER NA
NA
2019
2020
$904 $731
2021
2022
DAYS ON MARKET IN FIRST QUARTER
NA
NA
20
56
2019
2020
2021
2022
Q1 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 FIRST QUARTER NA
NA
2
2
2019
2020
2021
2022
AVER AGE SALE PRICE IN FIRST QUARTER 2018
N/A
2019
N/A
2020
2,409,250
2021
1,218,500
AVERAGE PRICE PER SQUARE FOOT IN FIRST QUARTER NA
NA
2019
2020
$847 $710
2021
2022
DAYS ON MARKET IN FIRST QUARTER
NA
NA
376
5
2019
2020
2021
2022
Q1 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 FIRST QUARTER 2
1
1
1
2019
2020
2021
2022
AVER AGE SALE PRICE IN FIRST QUARTER 2019
1,634,250
2020
2,365,000
2021
2,550,000
2022
3,300,000
AVERAGE PRICE PER SQUARE FOOT IN FIRST QUARTER $641
$600 $479
2019
$449
2020
2021
2022
DAYS ON MARKET IN FIRST QUARTER
225
391
217
228
2019
2020
2021
2022
Q1 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 FIRST QUARTER 1
NA
3
1
2019
2020
2021
2022
AVER AGE SALE PRICE IN FIRST QUARTER 2019
1,400,000
2020
N/A
2021
1,049,200
2022
1,350,000
AVERAGE PRICE PER SQUARE FOOT IN FIRST QUARTER $1846
2019
$1965
NA $1599
2020
2021
2022
DAYS ON MARKET IN FIRST QUARTER
355
NA
89
2
2019
2020
2021
2022
Q1 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 FIRST QUARTER NA
3
5
4
2019
2020
2021
2022
AVER AGE SALE PRICE IN FIRST QUARTER 2019
N/A
2020
629,556
2021
689,000
2022
2,502,225
AVERAGE PRICE PER SQUARE FOOT IN FIRST QUARTER NA $427
2019
2020
$561
2021
$836
2022
DAYS ON MARKET IN FIRST QUARTER
NA
30
58
32
2019
2020
2021
2022
Q1 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 FIRST QUARTER 5
7
4
2019
2020
2021
NA
2022
AVER AGE SALE PRICE IN FIRST QUARTER 2019
1,576,000
2020
1,018,928
2021
1,152,250
2022
N/A
AVERAGE PRICE PER SQUARE FOOT IN FIRST QUARTER $567
2019
$513
2020
$603
2021
NA
2022
DAYS ON MARKET IN FIRST QUARTER
214
59
50
NA
2019
2020
2021
2022
Q1 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 FIRST QUARTER 7
3
16
20
2019
2020
2021
2022
AVER AGE SALE PRICE IN FIRST QUARTER 2019
303,571
2020
375,000
2021
325,000
2022
310,250
AVERAGE PRICE PER SQUARE FOOT IN FIRST QUARTER $186
2019
$182
2020
$202
2021
$184
2022
DAYS ON MARKET IN FIRST QUARTER
297
312
115
298
2019
2020
2021
2022
LUXURY
REAL ESTATE
SINCE 1977
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.