2021 UP- VALLEY
MARKET REPORT QUARTER FOUR
QUARTER FOUR
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.
Q4 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 FOURTH QUARTER 20
20
38
2018
2019
2020
21
2021
AVER AGE SALE PRICE IN FOURTH QUARTER 2018
871,150
2019
1,396,915
2020
1,111,315
2021
1,355,660
AVERAGE PRICE PER SQUARE FOOT IN FOURTH QUARTER
$573
2018
$664
$654
2019
2020
$890
2021
DAYS ON MARKET IN FOURTH QUARTER
99
100
39
16
2018
2019
2020
2021
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 FOURTH QUARTER 3
3
7
3
2018
2019
2020
2021
AVER AGE SALE PRICE IN FOURTH QUARTER 2018
773,666
2019
971,666
2020
1,462,714
2021
9,150,000
AVERAGE PRICE PER SQUARE FOOT IN FOURTH QUARTER $1,680
$416
2018
$649 $393
2019
2020
2021
DAYS ON MARKET IN FOURTH QUARTER
188
123
110
116
2018
2019
2020
2021
Q4 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 FOURTH QUARTER 1
3
6
6
2018
2019
2020
2021
AVER AGE SALE PRICE IN FOURTH QUARTER 2018
669,000
2019
1,708,333
2020
4,172,500
2021
5,395,000
AVERAGE PRICE PER SQUARE FOOT IN FOURTH QUARTER
$611
2018
$748
2019
$1293
2020
$1419
2021
DAYS ON MARKET IN FOURTH QUARTER
46
73
147
21
2018
2019
2020
2021
Q4 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 FOURTH QUARTER 13
16
22
32
2018
2019
2020
2021
AVER AGE SALE PRICE IN FOURTH QUARTER 2018
7,100,000
2019
5,958,987
2020
4,083,354
2021
6,268,113
AVERAGE PRICE PER SQUARE FOOT IN FOURTH QUARTER $2185
2018
$2171
2019
$2560 $1972
2020
2021
DAYS ON MARKET IN FOURTH QUARTER
162
496
336
108
2018
2019
2020
2021
Q4 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 FOURTH QUARTER 5
7
7
20
2018
2019
2020
2021
AVER AGE SALE PRICE IN FOURTH QUARTER 2018
2,770,000
2019
2,437,142
2020
2,294,828
2021
4,188,332
AVERAGE PRICE PER SQUARE FOOT IN FOURTH QUARTER $2293
$2141
2018
$1582
$1722
2019
2020
2021
DAYS ON MARKET IN FOURTH QUARTER
292
295
662
98
2018
2019
2020
2021
// 4+ Bedroom Condos // Vail Village,
Q4 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 FOURTH QUARTER 3
5
7
5
2018
2019
2020
2021
AVER AGE SALE PRICE IN FOURTH QUARTER 2018
7,441,666
2019
7,994,760
2020
6,114,285
2021
8,642,600
AVERAGE PRICE PER SQUARE FOOT IN FOURTH QUARTER $2379
2018
$2562
2019
$2580 $2337
2020
2021
DAYS ON MARKET IN FOURTH QUARTER
848 97
882
308
38
2018
2019
2020
2021
Q4 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 FOURTH QUARTER NA
1
5
2
2018
2019
2020
2021
AVER AGE SALE PRICE IN FOURTH QUARTER 2018
N/A
2019
1,490,000
2020
984,000
2021
1,175,000
AVERAGE PRICE PER SQUARE FOOT IN FOURTH QUARTER NA
2018
$2631
$2005
2019
$1343
2020
2021
DAYS ON MARKET IN FOURTH QUARTER
NA
335
83
1
2018
2019
2020
2021
Q4 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 5
3
2
5
2018
2019
2020
2021
AVER AGE SALE PRICE IN FIRST QUARTER 2018
11,225,000
2019
12,273,333
2020
10,400,000
2021
14,250,000
AVERAGE PRICE PER SQUARE FOOT IN FIRST QUARTER $3580 $2112
2018
$2952
2019
$3022
2020
2021
DAYS ON MARKET IN FIRST QUARTER
73
375
80
258
2018
2019
2020
2021
Q4 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 FOURTH QUARTER NA
NA
1
NA
2018
2019
2020
2021
AVER AGE SALE PRICE IN FOURTH QUARTER 2018
N/A
2019
N/A
2020
6,703,125
2021
N/A
AVERAGE PRICE PER SQUARE FOOT IN FOURTH QUARTER NA
NA
2018
2019
$1187
2020
NA
2021
DAYS ON MARKET IN FOURTH QUARTER
NA
NA
446
NA
2018
2019
2020
2021
Q4 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 FOURTH QUARTER 9
14
2018
2019
17
2020
12
2021
AVER AGE SALE PRICE IN FOURTH QUARTER 2018
3,132,222
2019
2,495,642
2020
2,543,558
2021
4,897,500
AVERAGE PRICE PER SQUARE FOOT IN FOURTH QUARTER $2048 $1535
2018
$1374
$1500
2019
2020
2021
DAYS ON MARKET IN FOURTH QUARTER
239
239
196
84
2018
2019
2020
2021
Q4 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 FOURTH QUARTER 2
2
2
3
2018
2019
2020
2021
AVER AGE SALE PRICE IN FOURTH QUARTER 2018
2,785,000
2019
2,162,000
2020
4,090,000
2021
2,716,666
AVERAGE PRICE PER SQUARE FOOT IN FOURTH QUARTER $816
2018
$1,051
$918
2019
2020
$1,472
2021
DAYS ON MARKET IN FOURTH QUARTER
315
186
20
1
2018
2019
2020
2021
Q4 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 FOURTH QUARTER 11
10
25
8
2018
2019
2020
2021
AVER AGE SALE PRICE IN FOURTH QUARTER 2018
587,345
2019
712,350
2020
910,905
2021
1,245,562
AVERAGE PRICE PER SQUARE FOOT IN FOURTH QUARTER
$505
2018
$576
2019
$636
2020
$704
2021
DAYS ON MARKET IN FOURTH QUARTER
227
81
52
13
2018
2019
2020
2021
Q4 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 FOURTH QUARTER 4
3
2018
2019
6
2020
1
2021
AVER AGE SALE PRICE IN FOURTH QUARTER 2018
2,117,500
2019
3,441,666
2020
2,472,333
2021
6,250,000
AVERAGE PRICE PER SQUARE FOOT IN FOURTH QUARTER
$584
2018
$764
2019
$1367 $715
2020
2021
DAYS ON MARKET IN FOURTH QUARTER
384
190
110
14
2018
2019
2020
2021
Q4 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 FOURTH QUARTER NA
4
5
3
2018
2019
2020
2021
AVER AGE SALE PRICE IN FOURTH QUARTER 2018
N/A
2019
1,546,000
2020
3,981,700
2021
1,135,666
AVERAGE PRICE PER SQUARE FOOT IN FOURTH QUARTER NA
2018
$854 $626
2019
2020
$681
2021
DAYS ON MARKET IN FOURTH QUARTER
NA
105
115
17
2018
2019
2020
2021
Q4 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 FOURTH QUARTER NA
3
6
1
2018
2019
2020
2021
AVER AGE SALE PRICE IN FOURTH QUARTER 2018
N/A
2019
2,217,500
2020
2,118,333
2021
4,450,000
AVERAGE PRICE PER SQUARE FOOT IN FOURTH QUARTER $1052
NA $579
2018
2019
$509
2020
2021
DAYS ON MARKET IN FOURTH QUARTER
NA
379
449
16
2018
2019
2020
2021
Q4 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 FOURTH QUARTER 5
13
9
2
2018
2019
2020
2021
AVER AGE SALE PRICE IN FOURTH QUARTER 2018
958,000
2019
906,697
2020
1,526,166
2021
1,161,250
AVERAGE PRICE PER SQUARE FOOT IN FOURTH QUARTER
$488
2018
$568
2019
$708 $544
2020
2021
DAYS ON MARKET IN FOURTH QUARTER
97
69
123
5
2018
2019
2020
2021
Q4 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 FOURTH QUARTER 4
11
15
7
2018
2019
2020
2021
AVER AGE SALE PRICE IN FOURTH QUARTER 2018
857,750
2019
1,171,404
2020
1,278,879
2021
1,934,142
AVERAGE PRICE PER SQUARE FOOT IN FOURTH QUARTER
$424
2018
$517
2019
$611
2020
$722
2021
DAYS ON MARKET IN FOURTH QUARTER
59
119
67
111
2018
2019
2020
2021
Q4 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 FOURTH QUARTER 2
2
5
9
2018
2019
2020
2021
AVER AGE SALE PRICE IN FOURTH QUARTER 2018
312,500
2019
512,250
2020
516,237
2021
349,444
AVERAGE PRICE PER SQUARE FOOT IN FOURTH QUARTER $438 $290
$189
$142
2018
2019
2020
2021
DAYS ON MARKET IN FOURTH QUARTER
746
706
2018
2019
7 2020
95 2021