Vail Valley – Mid-Year 2019

MICROMARKET REPORT |

Vail Valley • Mid-Year 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: 64 Lasso Drive, Gypsum

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VAIL VALLEY market update The mountain lifestyle rarely gets richer than what’s found in the renowned Vail Valley. As a well-known luxury market, the Vail Valley drives visitors and buyers from around the world to experience the year-round activities, the tight-knit 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 focusing on the real estate performance for Eagle County, which makes up the Vail Valley, for January through June of 2019 compared to January through June of 2018. Buyers interested in Eagle County have a unique advantage right now with the current increase in average days on market, as well as a slight dip in the number of sold listings.

EAGLE COUNTY January through June

2018

% Change

2019

Sold Listings (All Properties)

627

593

-5.4%

Sold Single Family

224

194

-13.4%

Sold Condos/TH/DP

403

399

-1.0%

117

139

18.8%

$1,310,045

$1,274,878

-2.7%

Average Days on Market Average Price

Diving into the many neighborhoods of Eagle County, significant highlights % Sold Price to List Price 94% 94% 0.0% were reported including increases in average price and in the number Total Dollar Volume Sold $821,398,252 $756,002,559 -8.0% of properties sold. West Vail and Cascade showed an outstanding 51% All Properties increase in average price to $1,676,397 in 2019 compared to $1,112,056 in 2018. Arrowhead also reported a significant 37% increase in average price to $2,123,885 in 2019 from $1,545,714 in 2018. Increases in properties sold were also abundant for 2019 including an 86% increase to 26 properties sold in 2019 for Arrowhead and a 62% increase to 21 properties sold in 2019 for Cordillera.

As a well-known international destination, the Vail Valley continues to draw in buyers locally as well as from all over the world. The 2019 Micro Market Report shows increases in performance for many of Eagle County’s neighborhoods, proving that once again Vail Valley is an active and healthy real estate market.

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 June

2018

Average Price

$1,545,714

$2,123,885

37.4%

$587

$610

3.9%

68

289

325.0%

$4,150,000

$9,300,000

124.1%

14

26

85.7%

96%

94%

-2.1%

Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price

% Change

2019

All Properties 12 Cabin Creek, Arrowhead

ARROWHEAD January through June

Average Price

2018 $3,315,000

$3,838,889

15.8%

$577

$655

13.5%

302

458

51.7%

$4,150,000

$9,300,000

124.1%

2

9

350.0%

95%

94%

-1.1%

Average Price per Square Foot Average Days on Market Highest Price

% Change

2019

Properties Sold % Sold Price to List Price

Arrowhead, the western-most village of Beaver Creek, offers skiers quick access to beginner and intermediate terrain on Beaver Creek Mountain.

Single Family Homes

ARROWHEAD January through June

Average Price

2018 $1,250,833

$1,215,941

-2.8%

$588

$586

-0.3%

29

200

589.7%

$2,500,000

$1,850,000

-26.0%

12

17

41.7%

97%

94%

-3.1%

Average Price per Square Foot Average Days on Market Highest Price

% Change

2019

Properties Sold % Sold Price to List Price Condos, Townhomes, Duplexes and Triplexes

144 Castle Peak Gate, Arrowhead

coloradomicroreports.com

30.9%

The average price in Bachelor Gulch increased by 30.9% from January through June 2019 compared to that of 2018.

BACHELOR GULCH January through June

Average Price

2018 $2,365,625

$3,096,923

30.9%

$837

$927

10.8%

221

196

-11.3%

$5,250,000

$10,200,000

94.3%

8

13

62.5%

93%

96%

3.2%

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 June

Average Price

2018 $2,200,000

$7,565,000

243.9%

$608

$955

57.1%

389

148

-62.0%

$2,200,000

$10,200,000

363.6%

1

3

200.0%

77%

99%

28.6%

Average Price per Square Foot Average Days on Market Highest Price

% Change

2019

Properties Sold % Sold Price to List Price Single Family Homes 2156 Cresta Road, Edwards

BACHELOR GULCH January through June

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

2018 $2,389,286

$1,756,500

-26.5%

$869

$919

5.8%

197

210

6.6%

$5,250,000

$3,250,000

-38.1%

7

10

42.9%

95%

93%

-2.1%

Average Price per Square Foot Average Days on Market Highest Price

% Change

2019

Properties Sold % Sold Price to List Price Condos, Townhomes, Duplexes and Triplexes

MICROMARKET REPORT | Vail Valley resorts.livsothebysrealty.com

2019 • COLORADOMICROREPORTS.COM

BEAVER CREEK January through June

Average Price

2018 $2,509,312

$1,764,744

-29.7%

$749

$753

0.5%

164

184

12.2%

$13,500,000

$6,950,000

-48.5%

62

53

-14.5%

93%

93%

0.0%

Average Price per Square Foot Average Days on Market Highest Price

% Change

2019

Properties Sold % Sold Price to List Price All Properties

120 Holden Road, Beaver Creek

BEAVER CREEK January through June

Average Price

2018 $6,072,429

$3,217,688

-47.0%

$769

$629

-18.2%

279

377

35.1%

$13,500,000

$6,950,000

-48.5%

14

8

-42.9%

92%

92%

0.0%

Average Price per Square Foot Average Days on Market Highest Price

% Change

2019

Properties Sold % Sold Price to List Price

47.7%

The highest price for condominiums, townhomes, duplexes and triplexes sold in Beaver Creek increased by 47.7% from January through June 2019 compared to that of 2018.

Single Family Homes

BEAVER CREEK January through June

2018

Average Price

$1,470,070

$1,506,443

2.5%

$743

$775

4.3%

131

150

14.5%

$4,276,500

$6,316,666

47.7%

48

45

-6.3%

95%

93%

-2.1%

Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price

% Change

2019

Condos, Townhomes, Duplexes and Triplexes 122 Scott Hill Road, Beaver Creek

coloradomicroreports.com

CORDILLERA/VALLEY CLUB

93.8%

2018

January through June

Average Price

$1,757,781

$1,975,458

12.4%

$340

$402

18.2%

228

213

-6.6%

$3,475,000

$4,000,000

15.1%

16

31

93.8%

94%

94%

0.0%

Average Price per Square Foot Average Days on Market

Properties sold in Cordillera and Cordillera Valley Club increased dramatically by 93.8% for January through June 2019 compared to that of 2018.

Highest Price

% Change

2019

Properties Sold % Sold Price to List Price All Properties

CORDILLERA 2018

January through June

Average Price

$1,553,808

$1,643,227

5.8%

$321

$348

8.4%

197

226

14.7%

$3,475,000

$2,750,000

-20.9%

13

21

61.5%

95%

93%

-2.1%

Average Price per Square Foot Average Days on Market Highest Price

% Change

2019

Properties Sold % Sold Price to List Price All Properties 81 Elk Run, Cordillera

CORDILLERA VALLEY CLUB The Club at Cordillera offers its members an unparalleled lifestyle experience, with access to world-class golfing, exquisite dining, and lively events.

January through June

2018

2019

Average Price

$2,641,667

$2,673,142

1.2%

$425

$514

20.9%

364

186

-48.9%

$3,000,000

$4,000,000

33.3%

3

10

233.3%

92%

95%

3.3%

Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price

% Change

All Properties

MICROMARKET REPORT | Vail Valley resorts.livsothebysrealty.com

2019 • COLORADOMICROREPORTS.COM

EDWARDS & HOMESTEAD January through June

Average Price

2018 $610,943

$725,252

18.7%

$360

$365

1.4%

63

127

101.6%

$1,895,000

$3,700,000

95.3%

46

36

-21.7%

97%

100%

3.1%

Average Price per Square Foot Average Days on Market Highest Price

% Change

2019

Properties Sold % Sold Price to List Price All Properties

1800 Beard Creek, Edwards

EDWARDS - LAKE CREEK VALLEY January through June

Average Price

2018 $1,200,000

$3,012,500

151.0%

$275

$465

69.1%

137

101

-26.3%

$1,200,000

$4,500,000

275.0%

1

2

100.0%

90%

97%

7.8%

Average Price per Square Foot Average Days on Market Highest Price

% Change

2019

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 June

Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price

2018

% Change

2019

$944,319

$1,030,500

9.1%

$373

$364

-2.4%

103

139

35.0%

$1,325,000

$2,050,000

54.7%

20

18

-10.0%

95%

95%

0.0%

All Properties 11 Buckboard Road, Edwards

coloradomicroreports.com

TOWN OF VAIL

11.8%

January through June

Average Price Average Price per Square Foot

2018 $2,622,299

$2,076,233

-20.8%

$1,053

$956

-9.2%

184

178

-3.3%

$18,500,000

$17,250,000

-6.8%

134

134

0.0%

92%

92%

0.0%

Average Days on Market

January through June 2019, the average days on market in East Vail decreased by 11.8% compared to that of 2018.

Highest Price

% Change

2019

Properties Sold % Sold Price to List Price All Properties

EAST VAIL January through June

2018

Average Price

$1,128,710

$918,969

-18.6%

$591

$604

2.2%

76

67

-11.8%

$4,420,000

$2,685,000

-39.3%

31

28

-9.7%

94%

96%

2.1%

Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price

% Change

2019

All Properties 95 Anglers Way, Edwards

WEST VAIL & CASCADE 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.

January through June

2018

2019

Average Price

$1,112,056

$1,676,397

50.7%

$531

$611

15.1%

103

133

29.1%

$2,900,000

$5,151,000

77.6%

18

23

27.8%

94%

94%

0.0%

Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price

% Change

All Properties

MICROMARKET REPORT | Vail Valley resorts.livsothebysrealty.com

2019 • COLORADOMICROREPORTS.COM

VAIL VILLAGE January through June

Average Price Average Price per Square Foot

2018 $4,562,760

$3,167,300

-30.6%

$1,778

$1,631

-8.3%

393

396

0.8%

$14,000,000

$10,500,000

-25.0%

26

25

-3.8%

93%

94%

1.1%

Average Days on Market Highest Price

% Change

2019

Properties Sold % Sold Price to List Price

Connected by pedestrian-friendly heated streets, Vail Village is a great place for a family stroll after a mountain adventure. Enjoy luxury shopping and dining in this small but grand town.

All Properties

LIONSHEAD January through June

2018

Average Price

$2,956,618

$2,310,017

-21.9%

$1,396

$1,412

1.1%

233

171

-26.6%

$10,500,000

$8,500,000

-19.0%

34

18

-47.1%

93%

96%

3.2%

Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price

% Change

2019

All Properties 1 Willow Bridge Road #42, Lionshead

VAIL GOLF COURSE/SPRADDLE CREEK January through June

Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price

2018

% Change

2019

$6,994,821

$5,368,750

-23.2%

$1,206

$1,242

3.0%

160

208

30.0%

$18,500,000

$17,250,000

-6.8%

7

12

71.4%

86%

86%

0.0%

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

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ALL OTHER VAIL AREAS January through June

2018

Average Price

$1,586,525

$1,209,324

-23.8%

$618

$569

-7.9%

59

142

140.7%

$5,332,500

$4,500,000

-15.6%

20

33

65.0%

94%

93%

-1.1%

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 2095 Vermont Road, Vail

EAGLE-VAIL, AVON, & WILDRIDGE

65.0%

January through June

Average Price

2018 $664,939

$656,591

-1.3%

$438

$439

0.2%

81

97

19.8%

$2,195,000

$2,095,000

-4.6%

118

95

-19.5%

97%

96%

-1.0%

Average Price per Square Foot Average Days on Market Highest Price

January through June 2019, the number of properties sold in all other Vail areas increased by 65.0% compared to that of 2018.

% Change

2019

Properties Sold % Sold Price to List Price All Properties

EAGLE & SURROUNDING AREAS January through June

Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price

2018

% Change

2019

$549,907

$511,457

-7.0%

$239

$259

8.4%

83

80

-3.6%

$2,400,000

$1,145,000

-52.3%

148

135

-8.8%

98%

99%

1.0%

Eagle, Eagle Ranch, Brush Creek, Gypsum, & Cotton Ranch/Chatfield 64 Lasso, Gypsum

MICROMARKET REPORT | Vail Valley resorts.livsothebysrealty.com

2019 • COLORADOMICROREPORTS.COM

MINTURN January through June

Average Price

2018 $669,894

$807,850

20.6%

$363

$371

2.2%

87

165

89.7%

$912,500

$1,400,000

53.4%

8

5

-37.5%

97%

93%

-4.1%

Average Price per Square Foot Average Days on Market Highest Price

% Change

2019

Properties Sold % Sold Price to List Price All Properties

131 Cochise Drive, Gypsum

MOUNTAIN STAR January through June

2018

Average Price

$0

$3,045,000

-%

Average Price per Square Foot

$0

$538

-%

0

613

-%

$0

$3,045,000

-%

0

1

-%

0%

87%

-%

Average Days on Market Highest Price Properties Sold % Sold Price to List Price

20.6%

% Change

2019

The average price for Minturn increased by 20.6% January through June 2019 compared to that of 2018.

All Properties

WILDRIDGE/WILDWOOD January through June

Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price

2018

% Change

2019

$918,435

$733,826

-20.1%

$317

$307

-3.2%

115

91

-20.9%

$1,502,000

$1,350,000

-10.1%

27

20

-25.9%

96%

97%

1.0%

All Properties 589 Eagle Drive, Avon

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LIV SOTHEBY’S INTERNATIONAL REALTY

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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

460 Rolling Hills Drive, Vail

23

500 72

1,000

22,700

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.