MICROMARKET REPORT
VAIL VALLEY | Q1 2020
VAIL VALLEY
TOWNS & NEIGHBORHOODS
19
17 18
14 15
12 13
16
10 5
8 11 9
4
3
1
2
7
6
Pictured on cover: 1450 Buffehr Creek Road, Vail
1.
East Vail
8.
Avon
15. Edwards & Homestead
2.
Vail Golf Course & Spraddle Creek
9.
Beaver Creek
16. Edwards - Lake Creek Valley
3.
Vail Village
10. Mountain Star
17. Cordillera Valley Club
4.
Lionshead
11. Bachelor Gulch
18. Cordillera
5.
West Vail & Cascade
12. Wildridge/Wildwood
19. Eagle, Eagle Ranch, Brush Creek &
6.
Minturn
13. Arrowhead
7.
Eagle-Vail
14. Edwards - Singletree
Gypsum
coloradomicroreports.com
VAIL VALLEY MARKET UPDATE
The Vail Valley, located within Eagle County, is the epitome of a Colorado resort community. Incredible skiing in the winter and unbeatable scenery for summer activities such as hiking, biking, golfing, fishing, and ziplining, attract people from all over the world. Live out your mountain dreams in one of the beautiful towns that collectively make up Eagle County, including the Vail Village, Beaver Creek, Edwards, Avon, and Cordillera. These communities keep things fresh with a healthy mix of luxury amenities and more casual, local offerings. Finding your happy place is never hard in a resort community such as this. LIV Sotheby’s International Realty produces a Micro Market Report focusing on the real estate performance for Eagle County, which makes up the Vail Valley, in Q1 of 2020 compared to Q1 of 2019. Total sales volume for Eagle County grew slightly by 1.2%, reaching $332,356,420 in Q1 of this year, an uptick from when the total sales volume was $328,335,339 in Q1 of 2019.
EAGLE COUNTY OVERVIEW January through March
2019
2020
% Change
247
227
-8.1%
78
69
-11.5%
Sold Condos/TH/DP
169
158
-6.5%
Average Days on Market
131
146
11.5%
$1,329,293
$1,464,125
10.1%
92.6%
94.3%
1.8%
Sold Listings (All Properties) Sold Single Family
Average Sold Price % Sold Price to List Price
Total Sales Volume $328,335,339 $332,356,420 1.2% Several communities with the Vail Valley All Properties experienced increases in the number of properties sold during Q1 of 2020 compared to the same time frame in the previous year. By far, Bachelor Gulch saw the largest uptick in sales for all property types, growing by an impressive 120%. During Q1 of this year, 11 homes in this town sold in comparison to Q1 of 2019 when five homes sold. The market for condominiums, townhomes, duplexes, and triplexes was also very active through March of this year. Condominium, townhome, duplex, and triplex property sales in this community increased by 150%, growing from four homes sold in Q1 of 2019 to 10 homes sold during the same period of time in 2020.
The Vail Valley is the place to be for consumers looking for the conveniences of living in a resort community paired with stunning natural scenery and outdoor activities.
Based on Information from Vail Board of Realtors®. This representation is based in whole or in part on data supplied by Vail Board of Realtors®. Vail Board of Realtors® does not guarantee nor is in any way responsible for its accuracy. Data maintained by Vail Board of Realtors® may not reflect all real estate activity in the market.
MICROMARKET REPORT | Vail Valley resorts.livsothebysrealty.com
JANUARY - MARCH 2020 • COLORADOMICROREPORTS.COM
ARROWHEAD January through March
2019
Average Price
$1,632,667
$1,917,711
17.5%
$571
$564
-1.3%
162
$187
15.7%
$3,350,000
$3,325,000
-0.7%
9
9
0.0%
92.7%
94.3%
1.8%
Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2020
% Change
All Properties
2156 Cresta Road, Arrowhead
ARROWHEAD January through March
2019
2020
Average Price
$2,825,000
$2,787,500
-1.3%
$474
$511
7.8%
126
197
56.3%
$3,350,000
$3,150,000
-6.0%
3
2
-33.3%
93.6%
94.6%
1.0%
Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
% Change
Arrowhead, the westernmost village of Beaver Creek, offers skiers quick access to beginner and intermediate terrain on Beaver Creek Mountain.
Single Family Homes
61.0%
ARROWHEAD January through March
2019
2020
Average Price
$1,036,500
$1,669,200
61.0%
$620
$579
-6.6%
179
184
2.6%
$1,215,000
$3,325,000
173.7%
6
7
16.7%
91.4%
94.2%
3.1%
Average Price per Square Foot Average Days on Market
The average price for condos, townhomes,
Highest Price
duplexes and triplexes in the village of
Properties Sold
Arrowhead increased by 61.0% in 2020
% Sold Price to List Price
compared to that of 2019.
% Change
Condominiums, Townhomess, Duplexes and Triplexes
coloradomicroreports.com
BACHELOR GULCH January through March
2019
2020
Average Price
$2,980,000
$2,303,727
-22.7%
$1,037
$889
-14.3%
130
281
116.7%
$7,500,000
$5,000,000
-33.3%
5
11
120.0%
93.5%
94.9%
1.5%
Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
% Change
All Properties
3483 Daybreak Ridge, Bachelor Gulch
BACHELOR GULCH
Charmingly tucked away between Beaver Creek
January through March
2019
2020
% Change
and Arrowhead, Bachelor
Average Price
$7,500,000
$5,000,000
-33.3%
Gulch offers private
Average Price per Square Foot
$968
$617
-36.3%
mountainside living and
Average Days on Market
75
855
1040.0%
access to a five-star luxury
Highest Price
$7,500,000
$5,000,000
-33.3%
resort-hotel, The Ritz-
Properties Sold
1
1
0.0%
Carlton, Bachelor Gulch.
% Sold Price to List Price
96.2%
91.0%
-5.4%
Single Family Homes * There was only 1 property sold in 2019 and 2020 contributing to a significant skew in Average Days on Markets.
BACHELOR GULCH 2019
2020
Average Price
$1,850,000
$2,034,100
10.0%
$1,055
$916
-13.2%
144
224
56.0%
$3,250,000
$3,875,000
19.2%
The average price for condos, townhomes,
4
10
150.0%
duplexes and triplexes in the village of
90.9%
95.9%
5.5%
Bachelor Gulch increased by 10.0% in 2020
Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price Condominiums, Townhomess, Duplexes and Triplexes
% Change
10.0%
January through March
compared to that of 2019.
MICROMARKET REPORT | Vail Valley resorts.livsothebysrealty.com
JANUARY - MARCH 2020 • COLORADOMICROREPORTS.COM
BEAVER CREEK January through March Average Price
2019
$2,170,994
24.7%
$739
$791
7.0%
188
157
-16.1%
$6,950,000
$6,500,000
-6.5%
24
18
-25.0%
93.8%
93.5%
-0.3%
Average Days on Market
Properties Sold % Sold Price to List Price
% Change
$1,741,345
Average Price per Square Foot
Highest Price
2020
133 S Fairway Drive, Beaver Creek
All Properties
BEAVER CREEK
Beaver Creek delivers an
January through March
2019
2020
Average Price
$3,422,875
$3,800,000
11.0%
$566
$624
10.3%
501
130
-74.0%
$6,950,000
$6,500,000
-6.5%
4
3
-25.0%
91.7%
92.1%
0.5%
Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
unmatched, unparalleled
% Change
mountain vacation experience with upscale galleries, high-end boutiques, premium spa and lodging options, as well as some of the best skiing the Colorado Rocky
Single Family Homes
31.3%
Mountains has to oer.
BEAVER CREEK January through March
2019
Average Price
$1,405,039
$1,845,193
31.3%
$774
$824
6.5%
125
163
30.2%
$5,000,000
$6,000,000
-99.9%
20
15
-25.0%
94.8%
94.1%
-0.8%
Average Price per Square Foot
The average price for condos, townhomes,
Average Days on Market
duplexes and triplexes in the village of Beaver
Highest Price
Creek increased by 31.3% in 2020 compared
Properties Sold
to that of 2019.
% Sold Price to List Price
2020
% Change
Condominiums, Townhomess, Duplexes and Triplexes
coloradomicroreports.com
CORDILLERA/VALLEY CLUB January through March Average Price
2019
% Change
29.0%
$1,646,251
$2,123,833
29.0%
$334
$391
17.0%
299
182
-38.9%
$2,200,000
$3,800,000
72.7%
The average price for all properties in the
7
12
71.4%
Cordillera Valley Club increased by 29.0%
92%
95%
2.7%
in 2020 compared to that of 2019.
Average Price per Square Foot Average Days on Market Highest Price
2020
Properties Sold % Sold Price to List Price All Properties
CORDILLERA January through March
The Club at Cordillera offers
Average Price
its members an unparalleled
Average Price per Square Foot
lifestyle experience, with
Average Days on Market
access to world-class
Highest Price
golfing, exquisite dining, and
Properties Sold
lively events.
% Sold Price to List Price
2019
2020
% Change
$1,646,251
$1,871,100
13.7%
$334
$370
10.5%
299
180
-39.6%
$2,200,000
$3,800,000
72.7%
7
10
42.9%
92%
94%
1.8% All Properties
CORDILLERA VALLEY CLUB January through March
2019
2020
% Change
Average Price
-
$3,387,500
-
Average Price per Square Foot
-
$498
-
Average Days on Market
-
193
-
Highest Price
-
$3,475,000
-
No Sales
2
-
-
97.0%
-
Properties Sold % Sold Price to List Price All Properties
2035 Cordillera Way, Codillera
MICROMARKET REPORT | Vail Valley resorts.livsothebysrealty.com
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EDWARDS & HOMESTEAD January through March Average Price
2019
$733,833
16.7%
$355
$372
4.7%
95
74
-21.7%
$990,000
$1,795,000
81.3%
13
14
7.7%
96.9%
98.5%
1.6%
Average Days on Market
Properties Sold % Sold Price to List Price
% Change
$628,698
Average Price per Square Foot
Highest Price
2020
All Properties
141 E Lakeside Trail, Wolcott
EDWARDS - LAKE CREEK January through March
2019
Positioned almost at the
2020
center of the Eagle River
% Change
Average Price
-
$2,000,000
-
Average Price per Square Foot
-
$346
-
Average Days on Market
-
153
-
Highest Price
-
$2,000,000
-
No Sales
1
-
-
95.5%
-
Properties Sold % Sold Price to List Price
Valley, Edwards beneďŹ ts from geography that lends well to rolling green golf courses – and receives less snow than the high peaks of the nearby ski mountains for a much more mild and
All Properties
sunny climate.
EDWARDS - SINGLETREE January through March
2019
Average Price
$1,125,200
$1,112,188
-1.2%
$405
$348
-14.0%
105
160
52.2%
$1,672,000
$1,660,000
-0.7%
5
8
60.0%
98.0%
96.8%
-1.2%
Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
157 Pilgrim Drive, Lake Creek
2020
% Change
All Properties
coloradomicroreports.com
TOWN OF VAIL January through March
2019
Average Price
$2,500,719
$2,412,825
-3.5%
$1,048
$1,058
1.0%
182
204
12.1%
$17,250,000
$16,750,000
-2.9%
60
59
-1.7%
91.5%
92.6%
1.2%
Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2020
Vail sits at an elevation
% Change
of 8,150 feet, receives over 335 inches of annual snowfall, and is home to one of the leading ski resorts in North America, Vail Ski Resort.
All Properties - Includes East Vail to West Vail South
EAST VAIL
73.4%
January through March Average Price Average Price per Square Foot Average Days on Market
The average price for all properties in the
Highest Price
neighborhood of East Vail increased by
Properties Sold
73.4% in 2020 compared to that of 2019.
% Sold Price to List Price
2019
2020
% Change
$856,136
$1,484,273
73.4%
$583
$663
13.7%
47
195
318.1%
$1,570,159
$3,950,000
151.6%
12
11
-8.3%
95.5%
96.3%
0.8% All Properties
WEST VAIL & CASCADE January through March
2019
2020
Average Price
$1,868,950
$1,258,298
-32.7%
$697
$623
-10.6%
130
104
-20.0%
$5,151,000
$2,365,000
-54.1%
10
14
40.0%
93.2%
94.8%
1.7%
Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
% Change
All Properties - Includes West Vail North to West Vail South, Highland Meadows and Cascade
2975 Manns Ranch Road, Vail
MICROMARKET REPORT | Vail Valley resorts.livsothebysrealty.com
JANUARY - MARCH 2020 • COLORADOMICROREPORTS.COM
MINTURN January through March
2019
Average Price
$1,087,500
$743,667
-31.6%
$417
$449
7.6%
155
86
-44.1%
$1,400,000
$918,000
-34.4%
2
3
50.0%
93.8%
94.4%
0.7%
Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2020
% Change
All Properties
143 Coyote Circle E, EagleVail
MOUNTAIN STAR January through March
The Town of Avon is located
2019
2020
in the stunning Rocky
% Change
Average Price
-
-
-
Mountains of Colorado
Average Price per Square Foot
-
-
-
along the scenic Eagle
Average Days on Market
-
-
-
River. The town serves as a
Highest Price
-
-
-
gateway to the world-class
No Sales
No Sales
-
Beaver Creek Resort and is
-
-
-
eight miles west of world-
Properties Sold % Sold Price to List Price
famous Vail.
All Properties
WILDRIDGE/WILDWOOD January through March Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2555 Old Trail Road #3, Avon
2019
2020
% Change
$711,774
$1,105,000
55.2%
$299
$360
20.1%
110
167
51.9%
$1,350,000
$2,525,000
87.0%
11
5
-54.5%
97%
97%
-0.2% All Properties
coloradomicroreports.com
VAIL VILLAGE 2019
2020
Average Price
$3,642,933
$5,983,654
64.3%
$1,728
$2,050
18.7%
328
379
15.4%
$10,500,000
$16,750,000
59.5%
The average price for all properties in the
15
13
-13.3%
Vail Village increased by 64.3% in 2020
93.7%
89.6%
-4.3%
compared to that of 2019.
Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
% Change
64.3%
January through March
All Properties
LIONSHEAD
One of Vail’s most
January through March
2019
2020
prestigious gated
Average Price
$3,152,857
$2,454,375
-22.2%
$1,498
$1,536
2.6%
207
254
22.6%
$8,500,000
$4,250,000
-50.0%
7
8
14.3%
96.2%
98.2%
2.1%
communities, Spraddle
Average Price per Square Foot
Creek Estates offers
Average Days on Market
unparalleled views of Vail
Highest Price
Mountain and is bordered
Properties Sold
by National Forest.
% Sold Price to List Price
% Change
All Properties
VAIL GOLF & SPRADDLE CREEK January through March
2019
Average Price
$6,044,167
$740,000
-87.8%
$1,211
$599
-50.5%
271
196
-27.7%
$17,250,000
$740,000
-95.7%
6
1
-83.3%
84.1%
96.2%
14.4%
Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price All Properties
2020
% Change
Solaris 5B East, Vail
MICROMARKET REPORT | Vail Valley resorts.livsothebysrealty.com
JANUARY - MARCH 2020 • COLORADOMICROREPORTS.COM
EAGLE-VAIL, AVON & WILDRIDGE
The town of Eagle has over 100 miles of pristine
January through March
singletrack for mountain
Average Price
biking, hiking, trail running
Average Price per Square Foot
and horseback riding in
Average Days on Market
summer and snowshoeing,
Highest Price
Nordic skiing and
Properties Sold
backcountry skiing in winter.
% Sold Price to List Price
2019
2020
% Change
$673,595
$777,008
15.4%
$433
$543
25.2%
86
105
22.2%
$2,095,000
$2,525,000
20.5%
45
33
-26.7%
96.7%
97.7%
1.0% All Properties
EAGLE & GYPSUM January through March Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2019
2020
25.1%
% Change
$488,120
$610,463
25.1%
$260
$269
3.6%
105
78
-25.6%
$1,065,000
$1,500,000
40.8%
The average price for all properties in Eagle
52
42
-19.2%
and Gypsum increased by 25.1% in 2020
98.1%
98.8%
0.7%
compared to that of 2019.
All Properties - Includes Eagle Ranch, Brush Creek, Cotton Ranch/Chatfield
ALL OTHER VAIL AREAS January through March
2019
Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
25 Casteel Creek Road, Edwards
2020
% Change
$947,458
$970,462
2.4%
$516
$575
11.4%
126
127
0.9%
$1,745,000
$2,365,000
35.5%
12
13
8.3%
91.9%
96.7%
5.1%
All Properties - Includes Booth Creek, Potato Patch, Sandstone, Lionsridge, Valley Ridge at Vail (Now Buffehr Creek), Highland Meadows
coloradomicroreports.com
WHY COLORADO?
NATIONAL PARKS: 4
MOUNTAIN RANGES: 7
AVERAGE DAYS OF SUNSHINE ANNUALLY: 300
SKI AREAS & RESORTS: 28
CRAFT BREWERIES: 350+
MICROMARKET REPORT | Vail Valley resorts.livsothebysrealty.com
JANUARY - MARCH 2020 • COLORADOMICROREPORTS.COM
The life you love.
resorts.livsothebysrealty.com | coloradomicroreports.com Based on Information from Vail Board of Realtors速. This representation is based in whole or in part on data supplied by Vail Board of Realtors速. Vail Board of Realtors速 does not guarantee nor is in any way responsible for its accuracy. Data maintained by Vail Board of Realtors速 may not reflect all real estate activity in the market.