MICROMARKET REPORT |
Vail Valley • Quarter 1 2019
VAIL VALLEY NEIGHBORHOODS
19
17 18
14 15
16
12 13
10 5
8 11 9
7
6
4
3
2
1
1.
East Vail
2.
Vail Golf Course & Spraddle Creek
3.
Vail Village
4.
Lionshead
5.
West Vail & Cascade
6.
Minturn
7.
Eagle-Vail
8.
Avon
9.
Beaver Creek
10.
Mountain Star
11.
Bachelor Gulch
12.
Wildridge/Wildwood
13.
Arrowhead
14.
Edwards - Singletree
15.
Edwards & Homestead
16.
Edwards - Lake Creek Valley
17.
Cordillera Valley Club
18.
Cordillera
19.
Eagle, Eagle Ranch, Brush Creek & Gypsum
Pictured on cover: 45 Elk Spring Court, Edwards
coloradomicroreports.com
VAIL VALLEY market update As a well-known luxury market, the Vail Valley drives visitors and buyers from around the world to experience the year-round activities, the tightknit community feel, the high-end shopping and dining, and of course the spectacular mountain views. LIV Sotheby’s International Realty produces a Micro Market Report focused on the Vail Valley and the neighborhoods within it. As a whole, Eagle County saw a slight increase in average price by 1.3% for Q1 of 2019 compared to 2018, increasing the average price for this year to
EAGLE COUNTY
$1,335,706. Interestingly, condos, townhomes and duplexes saw the highest development in number of sold listings, increasing by 2.4% to 169
January through March
sold in 2019.
Sold Listings (All Properties) Sold Single Family
2018
% Change
2019
249
244
-2.0%
84
75
-10.7%
Highlights for Eagle County include a number of impressive increases in
Sold Condos/TH/DP
165
169
2.4%
average price including the most notable, a 68.5% gain for Minturn bringing
Average Days on Market
128
129
0.8%
the average price to $1,087,500 in 2019 compared to $645,413 in 2018.
Average Price
$1,318,726
$1,335,706
1.3%
Other significant expansions in average price include a 30.9% increase in
% Sold Price to List Price
94.1%
93%
-1.6%
all properties for Edwards – Singletree, a 27.8% increase for all properties in
Total Dollar Volume Sold
$328,362,737
$325,912,339
-0.7%
West Vail & Cascade, and a 23.8% increase for all properties in Arrowhead.
All Properties
A number of areas within Eagle County also escalated with the number of properties sold, with the most impressive being Vail Course/Spraddle Creek increasing 200% to six properties sold in 2019 compared to two properties sold in 2018 for January through March. Following closely behind, West Vail & Cascade increased 150% for properties sold to 10 in 2019, from four in 2018. The Vail Valley is truly an international destination and continues to display luxury price points for real estate sales. Interested sellers can benefit from these luxury price points and buyers can take assurance in knowing their investment is in a world-renowned destination that continues to bring enhanced interest.
resorts.livsothebysrealty.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.
MICROMARKET REPORT | Vail Valley 2019 • COLORADOMICROREPORTS.COM
ARROWHEAD January through March
2018
2019
Average Price
$1,319,000
$1,632,667
23.8%
$581
$571
-1.7%
19
162
752.6%
$2,500,000
$3,350,000
34.0%
5
9
80.0%
99%
93%
-6.3%
Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
% Change
All Properties
ARROWHEAD January through March
2018
% Change
2019
Average Price
$-
$2,825,000
0%
Average Price per Square Foot
$-
$474
0%
0
126
0%
$-
$3,350,000
0%
0
3
0%
0%
94%
0%
Average Days on Market Highest Price Properties Sold % Sold Price to List Price Single Family Homes
Arrowhead, the western-most village of Beaver Creek, offers skiers quick access to beginner and intermediate terrain on Beaver Creek Mountain.
*Zero properties sold in January through March of 2018, making the one sale of a single family home January through March of 2019 a notable sale.
ARROWHEAD January through March
2018
Average Price
$1,319,000
$1,036,500
21.4%
$581
$620
-6.7%
19
179
-842.1%
$2,500,000
$1,215,000
51.4%
5
6
-20.0%
99%
91%
7.6%
Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
% Change
2019
Condos, Townhomes, Duplexes 600 Sawatch Drive #211, Arrowhead
coloradomicroreports.com
42.9%
The highest price in Bachelor Gulch increased significantly by 42.9% from January through March 2019 compared to that of 2018.
BACHELOR GULCH January through March
Average Price
2018 $2,850,000
$2,980,000
4.6%
$919
$1,037
12.8%
224
130
-42.0%
$5,250,000
$7,500,000
42.9%
4
5
25.0%
96%
93%
-2.5%
Average Price per Square Foot Average Days on Market Highest Price
% Change
2019
Properties Sold % Sold Price to List Price All Properties
BACHELOR GULCH January through March
2018
% Change
2019
Average Price
$-
$-
0%
Average Price per Square Foot
$-
$-
0%
0
0
0%
$-
$-
0%
0
0
0%
0%
0%
0%
Average Days on Market Highest Price Properties Sold % Sold Price to List Price Single Family Homes
BACHELOR GULCH January through March
Charmingly tucked away between Beaver Creek and Arrowhead, Bachelor Gulch offers private mountainside living and access to a five-star luxury resort-hotel, The Ritz-Carlton, Bachelor Gulch.
Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2018
% Change
2019
$2,850,000
$1,850,000
-35.1%
$919
$1,055
14.8%
224
144
-35.7%
$5,250,000
$3,250,000
-38.1%
4
4
0.0%
96%
91%
-5.2%
Condos, Townhomes, Duplexes
MICROMARKET REPORT | Vail Valley resorts.livsothebysrealty.com
2019 • COLORADOMICROREPORTS.COM
BEAVER CREEK January through March
2018
2019
Average Price
$2,388,511
$1,741,345
-27.1%
$736
$739
0.4%
168
188
11.9%
$13,500,000
$6,950,000
-48.5%
31
24
-22.6%
94%
94%
0.1%
Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
% Change
All Properties 62 Beaver Creek Drive, Beaver Creek
BEAVER CREEK January through March
2018
Average Price
$5,816,667
$3,422,875
-41.2%
$680
$566
-16.8%
191
501
162.3%
$13,500,000
$6,950,000
-48.5%
6
4
-33.3%
92%
92%
-0.6%
Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
% Change
2019
22.8%
The average days on market for condominiums, townhomes, and duplexes sold in Beaver Creek decreased by 22.8% from January through March 2019 compared to that of 2018.
Single Family Homes
BEAVER CREEK January through March
2018
Average Price
$1,565,754
$1,405,039
-10.3%
$749
$774
3.3%
162
125
-22.8%
$3,765,000
$5,000,000
32.8%
25
20
-20.0%
95%
95%
-0.2%
Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
% Change
2019
Condos, Townhomes, Duplexes 122 Scott Hill Road, Beaver Creek
coloradomicroreports.com
CORDILLERA/VALLEY CLUB
0%
January through March
2018
2019
Average Price
$1,838,429
$1,646,251
-10.5%
$345
$334
-3.2%
222
299
34.7%
$2,600,000
$2,200,000
-15.4%
7
7
0.0%
94%
92%
-2.0%
Average Price per Square Foot Average Days on Market
The properties sold in Cordillera and Cordillera Valley Club remained flat at 0% for January through March, 2019 compared to that of 2018
Highest Price Properties Sold % Sold Price to List Price
% Change
All Properties
CORDILLERA January through March
2018
2019
Average Price
$1,774,000
$1,646,251
-7.2%
$331
$334
0.9%
216
299
38.4%
$2,600,000
$2,200,000
-15.4%
6
7
16.7%
94%
92%
-2.2%
Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
% Change
All Properties 318 Kicking Horse Trail, Cordillera
CORDILLERA VALLEY CLUB January through March
The Club at Cordillera offers its members an unparalleled lifestyle experience, with access to world-class golfing, exquisite dining, and lively events.
Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price All Properties
2018
% Change
2019
$2,225,000
$-
-100.0%
$428
$-
-100.0%
255
0
-100.0%
$2,225,000
$-
-100.0%
1
0
-100.0%
93%
0%
-100.0%
*Zero properties sold in January through March of 2019 for Cordillera Valley Club.
MICROMARKET REPORT | Vail Valley resorts.livsothebysrealty.com
2019 • COLORADOMICROREPORTS.COM
EDWARDS & HOMESTEAD January through March
Average Price
2018 $570,183
$628,698
10.3%
$375
$355
-5.3%
60
95
58.3%
$1,150,000
$990,000
-13.9%
18
13
-27.8%
95%
97%
1.5%
Average Price per Square Foot Average Days on Market Highest Price
% Change
2019
Properties Sold % Sold Price to List Price All Properties
70 Remington Trail, Edwards
EDWARDS - LAKE CREEK VALLEY January through March
2018
% Change
2019
Average Price
$-
$-
0%
Average Price per Square Foot
$-
$-
0%
0
0
0%
$-
$-
0%
0
0
0%
0%
0%
0%
Average Days on Market Highest Price Properties Sold % Sold Price to List Price
Positioned almost at the center of the Eagle River 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 sunny climate.
All Properties
EDWARDS - SINGLETREE January through March
Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2018
% Change
2019
$859,670
$1,125,200
30.9%
$352
$405
15.1%
80
105
31.3%
$1,150,000
$1,672,000
45.4%
11
5
-54.5%
94%
98%
3.9%
All Properties 11 Buckboard Road, Edwards
coloradomicroreports.com
17.6%
January through March, 2019, the properties sold in the Town of Vail increased by 17.6% compared to that of 2018.
TOWN OF VAIL January through March
2018
Average Price
$2,661,377
$2,500,719
-6.0%
$1,140
$1,048
-8.1%
227
182
-19.8%
$12,750,000
$17,250,000
35.3%
51
60
17.6%
93%
92%
-1.1%
Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
% Change
2019
All Properties
EAST VAIL January through March
Average Price
2018 $1,355,200
$856,136
-36.8%
$583
$583
0.0%
124
47
-62.1%
$4,420,000
$1,570,159
-64.5%
10
12
20.0%
92%
96%
3.4%
Average Price per Square Foot Average Days on Market Highest Price
% Change
2019
Properties Sold % Sold Price to List Price All Properties 4852 Meadow Lane #B, Edwards
WEST VAIL & CASCADE January through March
Vail sits at an elevation 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.
Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2018
% Change
2019
$1,462,250
$1,868,950
27.8%
$565
$697
23.4%
228
130
-43.0%
$2,550,000
$5,151,000
102.0%
4
10
150.0%
97%
93%
-4.1%
All Properties
MICROMARKET REPORT | Vail Valley resorts.livsothebysrealty.com
2019 • COLORADOMICROREPORTS.COM
VAIL VILLAGE January through March
Average Price Average Price per Square Foot
2018 $4,020,000
$3,642,933
-9.4%
$1,814
$1,728
-4.7%
313
328
4.8%
$12,750,000
$10,500,000
-17.6%
7
15
114.3%
94%
94%
-0.1%
Average Days on Market Highest Price
% Change
2019
Properties Sold % Sold Price to List Price
114.3%
The number of properties sold in Vail Village increased dramatically by 114.3% January through March 2019 compared to that of 2018.
All Properties
LIONSHEAD January through March
2018
2019
Average Price
$2,925,136
$3,152,857
7.8%
$1,396
$1,498
7.3%
303
207
-31.7%
$10,500,000
$8,500,000
-19.0%
22
7
-68.2%
92%
96%
5.1%
Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
% Change
All Properties 1 Willow Bridge Road #42, Lionshead
VAIL GOLF COURSE/SPRADDLE CREEK January through March
Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2018
% Change
2019
$6,096,875
$6,044,167
-0.9%
$1,419
$1,211
-14.7%
5
271
5320.0%
$6,100,000
$17,250,000
182.8%
2
6
200.0%
96%
84%
-12.4%
One of Vail’s most prestigious gated communities, Spraddle Creek Estates offers unparalleled views of Vail Mountain and is bordered by National Forest.
All Properties
coloradomicroreports.com
ALL OTHER VAIL AREAS January through March
2018
Average Price
$1,976,786
$947,458
-52.1%
$650
$516
-20.6%
82
126
53.7%
$5,125,000
$1,745,000
-66.0%
7
12
71.4%
92%
92%
0.3%
Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
% Change
2019
Booth Creek, Highland Meadows, Potato Patch, Sandstone Ridge, Valley Ridge at Vail 2950 Booth Creek, Vail
EAGLE-VAIL, AVON, & WILDRIDGE
39.5% January through March 2019, the highest price in Eagle-Vail, Avon, and Wildridge increased by 39.5% compared to that of 2018.
January through March
Average Price
2018 $636,130
$648,449
1.9%
$453
$435
-4.0%
89
80
-10.1%
$1,502,000
$2,095,000
39.5%
44
44
0.0%
96%
97%
0.6%
Average Price per Square Foot Average Days on Market Highest Price
% Change
2019
Properties Sold % Sold Price to List Price All Properties
EAGLE & SURROUNDING AREAS January through March
Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2018
% Change
2019
$507,747
$492,887
-2.9%
$225
$261
16.0%
88
96
9.1%
$1,200,000
$1,065,000
-11.3%
53
51
-3.8%
99%
98%
-0.4%
Eagle, Eagle Ranch, Brush Creek, Gypsum, & Cotton Ranch/Chatfield
MICROMARKET REPORT | Vail Valley resorts.livsothebysrealty.com
2019 • COLORADOMICROREPORTS.COM
MINTURN January through March
Average Price
2018 $645,413
$1,087,500
68.5%
$371
$417
12.4%
157
155
-1.3%
$810,000
$1,400,000
72.8%
4
2
-50.0%
96%
94%
-2.6%
Average Price per Square Foot Average Days on Market Highest Price
% Change
2019
Properties Sold % Sold Price to List Price All Properties
1014 Two Elk Lane, Minturn
MOUNTAIN STAR January through March
2018
% Change
2019
Average Price
$-
$-
0%
Average Price per Square Foot
$-
$-
0%
0
0
0%
$-
$-
0%
0
0
0%
0%
0%
0%
Average Days on Market Highest Price Properties Sold % Sold Price to List Price
68.5%
The average price for Minturn increased dramatically by 68.5% January through March 2019 compared to that of 2018.
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
2018
% Change
2019
$792,182
$711,774
-10.2%
$326
$299
-8.3%
93
110
18.3%
$1,502,000
$1,350,000
-10.1%
11
11
0.0%
97%
97%
0.1%
All Properties
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LIV SOTHEBY’S INTERNATIONAL REALTY
RESORT REPORT
Interested in learning about other resort markets? Visit coloradomarketreports.com
WHY COLORADO?
NATIONAL PARKS: 4
MOUNTAIN RANGES: 7
AVERAGE DAYS OF SUNSHINE ANNUALLY: 300
SKI AREAS & RESORTS: 28
CRAFT BREWERIES: 350+
WE ARE.
THE VOICE OF COLORADO REAL ESTATE
2950 Booth Creek Drive, Vail
23
400 72
990
23,500
1
Exceptional Brand
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.