LIV
MICRO MARKET REPORTS
VAIL VALLEY | Mid-Year 2016
C O LO R A D O M I C R O R E P O RTS .C O M
VAIL VALLEY NEIGHBORHOODS
Beaver Creek & Vail
19
17 18
16
14 15
12 13
10
11 9
5
8
4
3
2
1
7
6
1. East Vail
11. Bachelor Gulch
2. Vail Golf Course, Spraddle Creek & Cascade
12. Wildridge/Wildwood
3. Vail Village
13. Arrowhead
4. Lionshead
14. Edwards - Singletree
5. West Vail
15. Edwards & Homestead
6. Minturn
16. Edwards - Lake Creek Valley
7. Eagle-Vail
17. Cordillera Valley Club
8. Avon
18. Cordillera
9. Beaver Creek
19. Eagle, Eagle Ranch, Brush Creek & Gypsum
10. Mountain Star
MICROMARKET REPORT | VAIL VALLEY MID-YEAR 2016 | 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.
VAIL VALLEY MID-YEAR Highlights:
In the resort mountain residential market of Eagle County and the Vail Valley, the housing market has been expanding steadily, and the percentage of single family homes sold continues to increase. Available inventory is also rising, meaning additional choices for buyers, allowing for better balance within the marketplace for the upcoming selling season.
• Singletree’s average price is $1,042,630 – up 20.7% • Wildridge/Wildwood’s average price is $919,143 – up 9.5% • Arrowhead’s average price is $1,731,274 – up 10.6% • Bachelor Gulch’s average price is $2,976,932 – up 28.0%
572
The Vail Valley Micro Market Report (MMR), prepared by LIV Sotheby’s International Realty, compares 2016 mid-year statistics (January through June), to that of 2015, for single family homes and attached dwellings. The number of single family homes and condos sold rose to 572 combined, a 10.4% increase year-over-year, with average days on market decreasing 9.2% to 158 from 2015.
homes sold for an average of
$977,930
Across the board, days on market are dropping (now 158 days on average), and the sales price to list price ratio is up, averaging 94.6% throughout the Vail Valley. This statistic is evidence of continued competitive, however less frenzied, conditions in the marketplace.
EAGLE COUNTY
or, $559,375,839 total dollar volume sold.
All Properties
January through June
2015
2016
% Change
Sold Listings (All Properties)
518
572
10.4%
Sold Single Family
175
190
8.6%
Sold Condos/Townhomes/Duplexes
343
382
11.4%
174
158
-9.2%
$1,218,562
$977,930
-19.7%
94.1%
94.6%
0.5%
$631,215,099
$559,375,839
-11.4%
Average Days on Market Average Price % Sold Price to List Price Total Dollar Volume Sold
MICROMARKET REPORT | VAIL VALLEY MID-YEAR 2016 | COLORADOMICROREPORTS.COM 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.
VAIL VALLEY MARKET | MARKETS BY AREA
1860 Cresta Road, Arrowhead
ARROWHEAD
All Properties
January through June Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
ARROWHEAD
2015
2016
% Change
$1,565,468
$1,731,274
10.6%
$527
$552
4.7%
185
151
-18.4%
$4,500,000
$3,980,000
-11.6%
29
19
-34.5%
94.2%
94.4%
0.2%
2015
2016
% Change
$2,724,875
$3,076,250
12.9%
$519
$657
26.6%
246
291
18.3%
$4,500,000
$3,980,000
-11.6%
10
4
-60.0%
93.4%
90.9%
-2.7%
2015
2016
% Change
$955,254
$1,372,613
43.7%
$531
$524
-1.3%
153
114
-25.5%
$2,350,000
$2,750,000
17.0%
19
15
-21.1%
94.4%
94.9%
0.5%
Single Family
January through June Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
ARROWHEAD Condos/Townhomes/Duplexes January through June Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
MICROMARKET REPORT | VAIL VALLEY MID-YEAR 2016 | 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.
VAIL VALLEY MARKET | MARKETS BY AREA
304 Tall Timber, Beaver Creek
BACHELOR GULCH
All Properties
January through June Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
BACHELOR GULCH
2015
2016
% Change
$2,325,639
$2,976,932
28.0%
$867
$851
-1.8%
152
313
105.9%
$10,025,000
$8,350,375
-16.7%
18
15
-16.7%
97.2%
97.0%
-0.2%
2015
2016
% Change
$9,848,750
$6,258,458
-36.5%
$974
$811
-16.7%
622
477
-23.3%
$10,250,000
$8,350,375
-18.5%
2
3
50.0%
92.1%
94.1%
2.0%
2015
2016
% Change
$1,385,250
$2,156,550
55.7%
$855
$861
0.7%
97
272
180.4%
$2,500,000
$4,800,000
92.0%
16
12
-25.0%
97.7%
97.4%
-0.3%
Single Family
January through June Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
BACHELOR GULCH Condos/Townhomes/Duplexes January through June Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
MICROMARKET REPORT | VAIL VALLEY MID-YEAR 2016 | 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.
VAIL VALLEY MARKET | MARKETS BY AREA
262 Borders Road, Beaver Creek
BEAVER CREEK
All Properties
January through June Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
BEAVER CREEK
2015
2016
% Change
$2,104,452
$1,837,569
-12.7%
$683
$725
6.1%
267
277
3.7%
$10,100,000
$8,475,000
-16.1%
44
36
-18.2%
92.6%
94.5%
1.9%
2015
2016
% Change
$5,485,000
$4,975,000
-9.3%
$769
$829
7.8%
381
392
2.9%
$10,100,000
$8,475,000
-16.1%
7
2
-71.4%
82.8%
93.9%
11.4%
2015
2016
% Change
$1,464,889
$1,653,015
12.8%
$667
$719
7.8%
246
271
10.2%
$6,700,000
$6,735,000
0.5%
37
34
-8.1%
95.4%
94.4%
-1.0%
Single Family
January through June Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
BEAVER CREEK Condos/Townhomes/Duplexes January through June Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
MICROMARKET REPORT | VAIL VALLEY MID-YEAR 2016 | 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.
VAIL VALLEY MARKET | MARKETS BY AREA
32 Stag Gulch Court, Edwards
CORDILLERA & CORDILLERA VALLEY CLUB January through June Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
CORDILLERA
All Properties
2015
2016
% Change
$1,856,744
$1,698,317
-8.5%
$325
$315
-3.1%
405
280
-30.9%
$1,856,744
$3,500,000
88.5%
16
12
-25.0%
92.2%
94.1%
1.9%
2015
2016
% Change
$1,846,283
$1,606,980
-13.0%
$303
$318
5.0%
437
267
-38.9%
$3,850,000
$3,500,000
-9.1%
12
10
-16.7%
91.5%
92.3%
0.8%
2015
2016
% Change
$1,888,125
$2,155,000
14.1%
$390
$297
-23.8%
309
340
10.0%
$2,300,000
$2,600,000
13.0%
4
2
-50.0%
96.3%
97.6%
1.2%
All Properties
January through June Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
CORDILLERA VALLEY CLUB All Properties January through June Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
MICROMARKET REPORT | VAIL VALLEY MID-YEAR 2016 | 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.
VAIL VALLEY MARKET | MARKETS BY AREA
231 Kensington Drive, Edwards
EDWARDS & HOMESTEAD
All Properties
January through June Average Price Average Price per Square Foot Average Days on Market Highest Price
2015
2016
% Change
$503,769
$559,769
11.1%
$270
$261
-3.3%
108
93
-13.9%
$1,490,000
$950,000
-36.2%
33
13
-60.6%
95.9%
96.2%
0.3%
Properties Sold % Sold Price to List Price
EDWARDS - LAKE CREEK VALLEY January through June Average Price Average Price per Square Foot Average Days on Market Highest Price
All Properties
2015
2016
% Change
$2,400,000
$5,500,000
129.2%
$285
$458
60.7%
462
585
26.6%
$2,400,000
$5,500,000
129.2%
1
1
0.0%
96.0%
79.7%
-16.3%
2015
2016
% Change
$863,957
$1,042,630
20.7%
$309
$322
4.2%
143
155
8.4%
$1,700,000
$2,475,000
45.6%
18
27
50.0%
96.4%
94.4%
-2.0%
Properties Sold % Sold Price to List Price
EDWARDS - SINGLETREE All Properties January through June Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
MICROMARKET REPORT | VAIL VALLEY MID-YEAR 2016 | 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.
VAIL VALLEY MARKET | MARKETS BY AREA
1350 Greenhill Court, Vail
TOWN OF VAIL All Properties January through June Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
EAST VAIL
2015
2016
% Change
$2,157,707
$1,484,188
-31.2%
$930
$789
-15.2%
252
277
9.9%
$15,750,000
$6,450,000
-59.0%
123
119
-3.3%
93.1%
93.8%
0.7%
2015
2016
% Change
$849,572
$755,574
-11.1%
$476
$471
-1.1%
111
123
10.8%
$3,450,000
$3,075,000
-10.9%
25
27
8.0%
91.4%
96.2%
4.8%
2015
2016
% Change
$933,625
$965,167
3.4%
$422
$458
8.5%
152
229
50.7%
$2,000,000
$2,675,000
33.8%
12
18
50.0%
96.6%
94.6%
-2.0%
All Properties
January through June Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
WEST VAIL All Properties January through June Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
MICROMARKET REPORT | VAIL VALLEY MID-YEAR 2016 | 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.
VAIL VALLEY MARKET | MARKETS BY AREA
1119 Ptarmigan Road, Vail
VAIL VILLAGE
All Properties
January through June Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
LIONSHEAD
2015
2016
% Change
$4,213,597
$2,095,139
-50.3%
$1,637
$1,468
-10.3%
335
506
51.0%
$15,750,000
$4,900,000
-68.9%
33
18
-45.5%
93.5%
94.3%
0.8%
2015
2016
% Change
$2,119,738
$2,851,712
34.5%
$1,203
$1,459
21.3%
448
502
12.1%
$7,000,000
$6,450,000
-7.9%
21
14
-33.3%
94.0%
89.3%
-4.7%
All Properties
January through June Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
VAIL GOLF COURSE, SPRADDLE CREEK & CASCADE All Properties January through June Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2015
2016
% Change
$1,498,750
$1,950,533
30.1%
$699
$818
17.0%
263
393
49.4%
$2,900,000
$4,000,000
37.9%
8
15
87.5%
92.6%
96.0%
3.4%
MICROMARKET REPORT | VAIL VALLEY MID-YEAR 2016 | 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.
VAIL VALLEY MARKET | MARKETS BY AREA
2746 Rule Ranch Road, Eagle
ALL OTHER VAIL AREAS
Booth Creek, Highland Meadows, Potato Ranch, Sandstone Lionsridge, Valley Ridge at Vail January through June Average Price Average Price per Square Foot
2015
2016
% Change
$1,558,417
$1,183,346
-24.1%
$523
$509
-2.7%
161
128
-20.5%
$6,900,000
$4,675,000
-32.2%
24
27
12.5%
92.8%
95.1%
2.3%
Average Days on Market Highest Price Properties Sold % Sold Price to List Price
EAGLE-VAIL, AVON & WILDRIDGE January through June Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
All Properties
2015
2016
% Change
$529,105
$571,054
7.9%
$330
$389
17.9%
118
108
-8.5%
$1,535,000
$1,850,000
20.5%
77
109
41.6%
96.0%
96.8%
0.8%
EAGLE, EAGLE RANCH, BRUSH CREEK & GYPSUM All Properties January through June Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2015
2016
% Change
$461,136
$448,948
-2.6%
$190
$203
6.8%
89
72
-19.1%
$2,050,000
$1,275,000
-37.8%
113
126
11.5%
96.1%
97.1%
1.0%
MICROMARKET REPORT | VAIL VALLEY MID-YEAR 2016 | 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.
VAIL VALLEY MARKET | MARKETS BY AREA
56 Rose Crown, Avon
MINTURN
All Properties
January through June Average Price Average Price per Square Foot Average Days on Market Highest Price
2015
2016
% Change
$630,000
$696,594
10.6%
$392
$290
-26.0%
155
243
56.8%
$1,065,000
$1,640,000
54.0%
7
9
28.6%
95.7%
92.0%
-3.7%
2015
2016
% Change
$5,397,500
$3,450,000
-36.1%
$744
$521
-30.0%
487
250
-48.7%
$5,995,000
$3,450,000
-42.5%
2
1
-50.0%
94.0%
86.4%
-7.6%
2015
2016
% Change
$839,694
$919,143
9.5%
$281
$322
14.6%
181
205
13.3%
$1,535,000
$1,485,000
-3.3%
9
7
-22.2%
96.8%
95.9%
-0.9%
Properties Sold % Sold Price to List Price
MOUNTAIN STAR
All Properties
January through June Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
WILDRIDGE/WILDWOOD All Properties January through June Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
MICROMARKET REPORT | VAIL VALLEY MID-YEAR 2016 | 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.
LIV SOTHEBY’S INTERNATIONAL REALTY
MARKET UPDATE VIDEOS
Median Price2014-2015 2015-2016 MedianListing Sale Price
Median Sale Price2014-2015 2015-2016 Active Inventory
Days Days on on Market Market 2015-2016 2014-2015
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