MICROMARKET REPORT |
Vail Valley • 2019
VAIL VALLEY NEIGHBORHOODS 1.
East Vail
2.
Vail Golf Course & Spraddle Creek
3.
Vail Village
4. Lionshead 5.
West Vail & Cascade
6. Minturn 7. Eagle-Vail
19
8. Avon 17 18
14 15
16
12 13
10 5
8 11 9
7
6
4
3
2
1
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: 56 Rose Crown, Mountain Star
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VAIL VALLEY market update The benefits of living in the Vail Valley are endless, including year-round activities, a tight-knit community feel, high-end shopping and dining, and spectacular mountain views. Attracting buyers from around the world, the Vail Valley real estate market continues to prove as healthy and active. 2018 resulted in a year of high demand for Vail Valley real estate with an 11.1% increase in average price, combined with a 6.5% decrease in average days on market. In addition, sold listings also decreased by 2%, but total dollar volume sold increased by 8.8%. This increase in average price
EAGLE COUNTY
and total dollar volume sold, combined with a decrease in average days on market and sold listings means sellers benefited in 2018 as buyers were
January through December
acting quick and paying more. Buyers also benefited as the sold price to
Sold Listings (All Properties)
list price percentage remained flat (meaning buyers were paying what they were expecting to pay).
2018
% Change
1,376
1,348
-2.0%
Sold Single Family
493
501
1.6%
Sold Condos/TH/DP
883
847
-4.1%
Average Days on Market
124
116
-6.5%
$1,129,622
$1,254,810
11.1%
94.3%
94.3%
0.0%
$1,554,359,594
$1,691,483,649
8.8%
A notable highlight for the Vail Valley is an outstanding 171.3% increase in
Average Price
average price for the Vail Golf Course/Spraddle Creek neighborhood, from
% Sold Price to List Price
an average price of $2,217,462 in 2017 to $6,016,275 in 2018. Beaver Creek
Total Dollar Volume Sold
also reported an impressive increase of 100% in single family homes sold,
2017
All Properties
from 10 in 2017 to 20 in 2018. Due to the increased demand for real estate in the Vail Valley, four neighborhoods saw a dramatic decrease in average days on market of 30% or more: Bachelor Gulch (single family homes), Cordillera, Lionshead, and Wildridge/Wildwood. Bachelor Gulch revealed the highest decrease of 51.8% average days on market for single family homes, to just 134 days in 2018 – a very quick timeframe for single-family homes in the luxury market of the Vail Valley. Other highlights for the Vail Valley include impressive increases in average price: 19.8% increase for the Town of Vail, 20.7% increase for Vail Village, 24.8% increase for East Vail, and a 28% increase for Arrowhead.
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 December Average Price
2017
$1,980,352
28.0%
$559
$598
7.0%
165
169
2.4%
$3,910,000
$9,525,000
143.6%
51
48
-5.9%
95.4%
94.7%
-0.7%
Average Days on Market
Properties Sold % Sold Price to List Price
% Change
$1,546,699
Average Price per Square Foot
Highest Price
2018
Arrowhead, the western-most village of Beaver Creek, offers skiers quick access to beginner and intermediate terrain on Beaver Creek Mountain.
All Properties
ARROWHEAD January through December
2017
2018
Average Price
$2,707,615
$3,421,563
26.4%
$535
$605
13.1%
301
227
-24.6%
$3,910,000
$9,525,000
143.6%
12
16
33.3%
94.8%
94.4%
-0.4%
Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
% Change
Single Family Homes 12 Cabin Creek Lane, Arrowhead
ARROWHEAD January through December
2017
2018
Average Price
$1,189,494
$1,259,747
5.9%
$567
$595
4.9%
123
141
14.6%
$2,675,000
$2,500,000
-6.5%
39
32
-17.9%
95.7%
95.1%
-0.7%
Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price Condos, Townhomes, Duplexes
% Change
5.9%
The average price for condos, townhomes and duplexes in Arrowhead increased by 5.9% January through December, 2018 compared to that of 2017.
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BACHELOR GULCH January through December Average Price
2017
$2,278,075
-47.0%
$950
$877
-7.7%
262
207
-21.0%
$13,400,000
$7,500,000
-44.0%
34
20
-41.2%
95.4%
93.1%
-2.4%
Average Days on Market
Properties Sold % Sold Price to List Price
% Change
$4,295,412
Average Price per Square Foot
Highest Price
2018
All Properties 2291 Daybreak Ridge, Bachelor Gulch
BACHELOR GULCH 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.
January through December
2017
Average Price
$8,816,273
$4,000,000
-54.6%
$1,018
$870
-14.5%
278
134
-51.8%
$13,400,000
$7,500,000
-44.0%
11
3
-72.7%
96.3%
89.9%
-6.6%
Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2018
% Change
Single Family Homes
BACHELOR GULCH January through December
2017
2018
Average Price
$2,133,261
$1,974,206
-7.5%
$918
$879
-4.2%
254
220
-13.4%
$5,480,000
$5,250,000
-4.2%
23
17
-26.1%
93.7%
94.3%
0.7%
Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
% Change
Condos, Townhomes, Duplexes 130 Daybreak Ridge Road #645, Bachelor Gulch
MICROMARKET REPORT | Vail Valley resorts.livsothebysrealty.com
2019 • COLORADOMICROREPORTS.COM
BEAVER CREEK January through December
2017
2018
Average Price
$2,141,378
$2,252,612
5.2%
$803
$753
-6.2%
224
202
-9.8%
$10,700,000
$13,500,000
26.2%
87
115
32.2%
94.1%
93.6%
-0.5%
Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
% Change
Beaver Creek ski area is located on National Forest System lands. Prior to construction, all lifts, trails, and facilities needed to be approved by the Forest Service.
All Properties
BEAVER CREEK January through December Average Price
2017
$5,185,700
8.9%
$717
$680
-5.2%
303
323
6.6%
$10,700,000
$13,500,000
26.2%
10
20
100.0%
91.7%
91.9%
0.3%
Average Days on Market
Properties Sold % Sold Price to List Price
% Change
$4,760,500
Average Price per Square Foot
Highest Price
2018
100%
The number of single family homes sold in of Beaver Creek increased by 100% January through December, 2018 compared to that of 2017.
Single Family Homes
BEAVER CREEK January through December
2017
2018
Average Price
$1,801,232
$1,635,120
-9.2%
$814
$769
-5.5%
214
176
-17.8%
$6,200,000
$8,200,000
32.3%
77
95
23.4%
95.0%
94.8%
-0.2%
Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
% Change
Condos, Townhomes, Duplexes 136 North Holden Road, Beaver Creek
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28.9%
The average days on market in Cordillera and Cordillera Valley Club decreased by 28.9% January through December, 2018 compared to that of 2017.
CORDILLERA/VALLEY CLUB January through December
2017
2018
Average Price
$1,727,906
$1,778,919
3.0%
$335
$355
6.0%
305
217
-28.9%
$3,950,000
$3,675,000
-7.0%
48
43
-10.4%
92.2%
93.7%
1.7%
Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
% Change
All Properties
CORDILLERA January through December
2017
2018
Average Price
$1,694,927
$1,708,153
0.8%
$321
$344
7.2%
337
194
-42.4%
$3,950,000
$3,675,000
-7.0%
41
36
-12.2%
91.7%
94.0%
2.5%
Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
% Change
All Properties 45 Graham Road, 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 December
2017
2018
Average Price
$1,921,071
$2,142,857
11.5%
$420
$412
-1.9%
114
338
196.5%
$2,500,000
$3,000,000
20.0%
7
7
0.0%
94.6%
92.4%
-2.3%
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
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EDWARDS & HOMESTEAD January through December Average Price
2017
$651,150
-2.2%
$365
$356
-2.5%
70
63
-10.0%
$2,598,500
$1,900,000
-26.9%
123
86
-30.1%
97.6%
96.3%
-1.4%
Average Days on Market
Properties Sold % Sold Price to List Price
% Change
$665,895
Average Price per Square Foot
Highest Price
2018
All Properties 705 Whiskey Ridge, Edwards
EDWARDS - LAKE CREEK VALLEY January through December Average Price
2017
$1,597,500
-28.7%
$466
$366
-21.5%
305
451
47.9%
$4,900,000
$1,995,000
-59.3%
12
2
-83.3%
91.9%
95.8%
4.3%
Average Days on Market
Properties Sold % Sold Price to List Price
% Change
$2,241,250
Average Price per Square Foot
Highest Price
2018
Positioned almost at the center of the Eagle River Valley, Edwards benefits 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 December Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2017
2018
% Change
$957,449
$1,056,407
10.3%
$355
$375
5.6%
133
97
-27.1%
$2,175,000
$2,675,000
23.0%
51
56
9.8%
95.9%
94.4%
-1.6%
All Properties 477 Pilgrim Drive, Edwards
coloradomicroreports.com
19.8%
January through December, 2018, the average price for the Town of Vail increased by 19.8% compared to that of 2017.
TOWN OF VAIL January through December Average Price
2017
$2,331,617
19.8%
$888
$962
8.3%
163
158
-3.1%
$23,000,000
$23,000,000
0.0%
261
291
11.5%
92.4%
93.1%
0.7%
Average Days on Market
Properties Sold % Sold Price to List Price
% Change
$1,946,805
Average Price per Square Foot
Highest Price
2018
All Properties
EAST VAIL January through December Average Price
2017
$1,038,128
24.8%
$532
$582
9.4%
73
69
-5.5%
$3,750,000
$4,420,000
17.9%
68
80
17.6%
95.2%
94.2%
-1.0%
Average Days on Market
Properties Sold % Sold Price to List Price
% Change
$831,655
Average Price per Square Foot
Highest Price
2018
All Properties 223 Beaver Dam Road, Vail
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 December
2017
2018
Average Price
$1,687,605
$1,409,827
-16.5%
$656
$546
-16.8%
129
114
-11.6%
$5,912,000
$3,950,000
-33.2%
46
51
10.9%
93.8%
95.2%
1.6%
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
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VAIL VILLAGE January through December
2017
Average Price
$4,161,150
$5,022,387
20.7%
$1,761
$1,851
5.1%
253
284
12.3%
$23,000,000
$23,000,000
0.0%
40
51
27.5%
92.1%
93.2%
1.2%
Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2018
% Change
27.5%
The number of properties sold in Vail Village increased by 27.5% January through December, 2018 compared to that of 2017.
All Properties
LIONSHEAD January through December Average Price Average Price per Square Foot
2017
$2,961,167
10.8%
$1,380
$1,426
3.3%
405
227
-44.0%
$12,425,000
$10,500,000
-15.5%
38
51
34.2%
91.8%
93.8%
2.2%
Properties Sold % Sold Price to List Price
% Change
$2,673,605
Average Days on Market Highest Price
2018
All Properties 728 West Lionshead Circle #R402, Vail
VAIL GOLF COURSE/SPRADDLE CREEK January through December
2017
2018
Average Price
$2,217,462
$6,016,275
171.3%
$851
$1,109
30.3%
181
255
40.9%
$5,800,000
$18,500,000
219.0%
13
10
-23.1%
94.1%
87.8%
-6.7%
Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
% Change
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 December Average Price
2017
$1,236,091
-15.1%
$568
$567
-0.2%
77
117
51.9%
$6,600,000
$5,332,500
-19.2%
59
53
-10.2%
90.6%
93.0%
2.6%
Average Days on Market
Properties Sold % Sold Price to List Price
% Change
$1,456,502
Average Price per Square Foot
Highest Price
2018
Booth Creek, Highland Meadows, Potato Ranch, Sandstone Ridge, Valley Ridge at Vail 1109 Vail Valley Drive, Vail
EAGLE-VAIL, AVON, & WILDRIDGE
6.2%
January through December Average Price
2017
$657,675
1.7%
$402
$427
6.2%
91
79
-13.2%
$4,306,000
$2,195,000
-49.0%
248
230
-7.3%
96.4%
96.7%
0.2%
Average Days on Market Highest Price Properties Sold % Sold Price to List Price
% Change
$646,593
Average Price per Square Foot
January through December, 2018, the average price per square foot in Eagle-Vail, Avon, and Wildridge increased by 6.2% compared to that of 2017.
2018
All Properties
EAGLE & SURROUNDING AREAS January through December Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2017
2018
% Change
$479,886
$545,008
13.6%
$223
$244
9.4%
67
75
11.9%
$1,400,000
$2,400,000
71.4%
328
323
-1.5%
98.4%
98.3%
-0.1%
Eagle, Eagle Ranch, Brush Creek, Gypsum, & Cotton Ranch/Chatfield 705 Nogal Road, #C10 Eagle
MICROMARKET REPORT | Vail Valley resorts.livsothebysrealty.com
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MINTURN January through December Average Price
2017
$766,231
7.3%
$329
$371
12.8%
122
101
-17.2%
$1,575,000
$1,400,000
-11.1%
14
18
28.6%
92.4%
96.5%
4.4%
Average Days on Market
Properties Sold % Sold Price to List Price
% Change
$714,258
Average Price per Square Foot
Highest Price
2018
All Properties 1014 Two Elk Lane, Minturn
MOUNTAIN STAR January through December Average Price
2017
$5,425,000
47.0%
$742
$620
-16.4%
100
738
638.0%
$4,385,000
$5,425,000
23.7%
2
1
-50.0%
95.4%
91.2%
-4.4%
Average Days on Market
Properties Sold % Sold Price to List Price
% Change
$3,690,000
Average Price per Square Foot
Highest Price
2018
Mountain Star boarders the White River National Forest which includes many hiking and biking trails.
All Properties
WILDRIDGE/WILDWOOD January through December Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2017
2018
% Change
$1,006,972
$919,559
-8.7%
$323
$326
0.9%
142
96
-32.4%
$4,306,000
$1,820,000
-57.7%
43
47
9.3%
95.2%
96.6%
1.5%
32.4%
The average days on market in Wildridge/ Wildwood decreased by 32.4% January through December, 2018 compared to that of 2017.
All Properties
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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.