2021 DOWN- VALLEY
MARKET REPORT QUARTER FOUR
QUARTER FOUR
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.
Q4 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 FOURTH QUARTER 6
7
6
2
2018
2019
2020
2021
AVER AGE SALE PRICE IN FOURTH QUARTER 2018
979,000
2019
819,500
2020
986,916
2021
1,517,000
AVERAGE PRICE PER SQUARE FOOT IN FOURTH QUARTER $614 $406
2018
$457
$376
2019
2020
2021
DAYS ON MARKET IN FOURTH QUARTER
74
151
111
4
2018
2019
2020
2021
Q4 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 FOURTH QUARTER 16
20
36
17
2018
2019
2020
2021
AVER AGE SALE PRICE IN FOURTH QUARTER 2018
785,912
2019
645,850
2020
754,592
2021
1,216,411
AVERAGE PRICE PER SQUARE FOOT IN FOURTH QUARTER $565 $375
$369
2018
2019
$399
2020
2021
DAYS ON MARKET IN FOURTH QUARTER
76
65
69
20
2018
2019
2020
2021
Q4 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 FOURTH QUARTER 31
42
88
49
2018
2019
2020
2021
AVER AGE SALE PRICE IN FOURTH QUARTER 2018
574,467
2019
968,583
2020
1,102,096
2021
1,199,668
AVERAGE PRICE PER SQUARE FOOT IN FOURTH QUARTER
$480
2018
$655
2019
$773
2020
$807
2021
DAYS ON MARKET IN FOURTH QUARTER
121
74
92
38
2018
2019
2020
2021
Q4 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 FOURTH QUARTER NA
2
NA
5
2018
2019
2020
2021
AVER AGE SALE PRICE IN FOURTH QUARTER 2018
N/A
2019
5,025,000
2020
N/A
2021
8,005,000
AVERAGE PRICE PER SQUARE FOOT IN FOURTH QUARTER $923 NA
$681
2018
2019
NA
2020
2021
DAYS ON MARKET IN FOURTH QUARTER
NA
510
NA
509
2018
2019
2020
2021
Q4 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 FOURTH QUARTER 8
7
15
13
2018
2019
2020
2021
AVER AGE SALE PRICE IN FOURTH QUARTER 2018
872,937
2019
763,928
2020
1,209,766
2021
1,263,692
AVERAGE PRICE PER SQUARE FOOT IN FOURTH QUARTER $474 $360
$339
2018
2019
$371
2020
2021
DAYS ON MARKET IN FOURTH QUARTER
88
120
132
18
2018
2019
2020
2021
Q4 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 FOURTH QUARTER 28
25
50
32
2018
2019
2020
2021
AVER AGE SALE PRICE IN FOURTH QUARTER 2018
1,847,108
2019
2,270,816
2020
1,814,390
2021
2,877,707
AVERAGE PRICE PER SQUARE FOOT IN FOURTH QUARTER $874 $714
2018
2019
$1069 $787
2020
2021
DAYS ON MARKET IN FOURTH QUARTER
150
207
229
61
2018
2019
2020
2021
Q4 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 FOURTH QUARTER 9
7
2018
2019
21
2020
18
2021
AVER AGE SALE PRICE IN FOURTH QUARTER 2018
2,496,944
2019
2,679,357
2020
3,643,547
2021
6,281,055
AVERAGE PRICE PER SQUARE FOOT IN FOURTH QUARTER $888
$885
2018
2019
$1003
2020
$1288
2021
DAYS ON MARKET IN FOURTH QUARTER
105
300
129
112
2018
2019
2020
2021
Q4 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 FOURTH QUARTER 20
13
36
27
2018
2019
2020
2021
AVER AGE SALE PRICE IN FOURTH QUARTER 2018
2,461,950
2019
2,037,692
2020
2,438,083
2021
2,836,851
AVERAGE PRICE PER SQUARE FOOT IN FOURTH QUARTER
$610
2018
$751
$950
$544
2019
2020
2021
DAYS ON MARKET IN FOURTH QUARTER
209
98
135
25
2018
2019
2020
2021
Q4 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 FOURTH QUARTER 16
9
28
14
2018
2019
2020
2021
AVER AGE SALE PRICE IN FOURTH QUARTER 2018
1,026,156
2019
1,200,277
2020
1,512,928
2021
1,337,696
AVERAGE PRICE PER SQUARE FOOT IN FOURTH QUARTER
$356
2018
$438
$441
2019
2020
$557
2021
DAYS ON MARKET IN FOURTH QUARTER
95
40
144
18
2018
2019
2020
2021
Q4 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 FOURTH QUARTER 6
7
22
12
2018
2019
2020
2021
AVER AGE SALE PRICE IN FOURTH QUARTER 2018
922,333
2019
614,500
2020
679,413
2021
973,458
AVERAGE PRICE PER SQUARE FOOT IN FOURTH QUARTER $439
2018
$589 $393
2019
$399
2020
2021
DAYS ON MARKET IN FOURTH QUARTER
75
55
81
32
2018
2019
2020
2021
Q4 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 FOURTH QUARTER 7
11
17
13
2018
2019
2020
2021
AVER AGE SALE PRICE IN FOURTH QUARTER 2018
609,428
2019
909,080
2020
931,191
2021
1,224,153
AVERAGE PRICE PER SQUARE FOOT IN FOURTH QUARTER
$336
2018
$353
2019
$384
2020
$474
2021
DAYS ON MARKET IN FOURTH QUARTER
57
98
20
21
2018
2019
2020
2021
Q4 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 FOURTH QUARTER 1
1
5
3
2018
2019
2020
2021
AVER AGE SALE PRICE IN FOURTH QUARTER 2018
1,995,000
2019
6,400,000
2020
3,489,000
2021
4,898,333
AVERAGE PRICE PER SQUARE FOOT IN FOURTH QUARTER $1005 $610
$455
2018
2019
2020
$662
2021
DAYS ON MARKET IN FOURTH QUARTER
1349
150
97
109
2018
2019
2020
2021
Q4 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 FOURTH QUARTER 11
10
25
12
2018
2019
2020
2021
AVER AGE SALE PRICE IN FOURTH QUARTER 2018
1,808,090
2019
1,648,500
2020
2,296,600
2021
3,668,073
AVERAGE PRICE PER SQUARE FOOT IN FOURTH QUARTER $564 $354
2018
$353
2019
$386
2020
2021
DAYS ON MARKET IN FOURTH QUARTER
848 104
319
141
30
2018
2019
2020
2021
Q4 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 peaceful mountain experience. NUMBER OF CLOSINGS IN FOURTH QUARTER 2
3
5
NA
2018
2019
2020
2021
AVER AGE SALE PRICE IN FOURTH QUARTER 2018
1,812,500
2019
3,050,000
2020
3,462,800
2021
N/A
AVERAGE PRICE PER SQUARE FOOT IN FOURTH QUARTER $533
$621
NA
2020
2021
$365
2018
2019
DAYS ON MARKET IN FOURTH QUARTER
752
62
98
NA
2018
2019
2020
2021
Q4 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 FOURTH QUARTER 3
3
7
1
2018
2019
2020
2021
AVER AGE SALE PRICE IN FOURTH QUARTER 2018
2,461,666
2019
731,333
2020
3,420,357
2021
1,365,000
AVERAGE PRICE PER SQUARE FOOT IN FOURTH QUARTER $510 $393
2018
$380
$305
2019
2020
2021
DAYS ON MARKET IN FOURTH QUARTER
200
165
190
NA
2018
2019
2020
2021
Q4 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 FOURTH QUARTER 26
26
43
24
2018
2019
2020
2021
AVER AGE SALE PRICE IN FOURTH QUARTER 2018
543,059
2019
484,750
2020
621,885
2021
838,923
AVERAGE PRICE PER SQUARE FOOT IN FOURTH QUARTER
$257
$268
2018
2019
$311
2020
$337
2021
DAYS ON MARKET IN FOURTH QUARTER
110
64
66
21
2018
2019
2020
2021
Q4 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 FOURTH QUARTER 23
16
31
15
2018
2019
2020
2021
AVER AGE SALE PRICE IN FOURTH QUARTER 2018
765,883
2019
708,900
2020
993,983
2021
1,393,920
AVERAGE PRICE PER SQUARE FOOT IN FOURTH QUARTER
$262
$255
2018
2019
$294
2020
$369
2021
DAYS ON MARKET IN FOURTH QUARTER
86
62
25
30
2018
2019
2020
2021
Q4 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 FOURTH QUARTER 21
32
41
25
2018
2019
2020
2021
AVER AGE SALE PRICE IN FOURTH QUARTER 2018
396,186
2019
431,986
2020
484,850
2021
547,100
AVERAGE PRICE PER SQUARE FOOT IN FOURTH QUARTER $325 $231
2018
$255
2019
$283
2020
2021
DAYS ON MARKET IN FOURTH QUARTER
42
43
58
16
2018
2019
2020
2021