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Micro Market Report

VAIL VALLEY, COLORADO

165 Forest Road 60 Elk Track Court Q1 2023

Vail Valley MARKET UPDATE

Known for its ski resorts in Vail and Beaver Creek, the Vail Valley is synonymous with outdoor recreation. In addition to 7,000 acres of lift-serviced skiing, the region offers miles of hiking and biking trails and flyfishing, paddleboarding, and kayaking on its rivers and lakes. The area is also an easily accessible destination, with the Eagle County Regional Airport (EGE) providing a jet center and commercial service from twelve cities.

The average days on market in Eagle County has gone from 40 days to 69 days in the ﬁrst quarter of 2023, allowing buyers more time to tour properties and make decisions. Total sales volume has declined 29.6% but sold prices and average price per square foot continue to trend upward in most neighborhoods. Vail Village’s average sold price notched up 24.2% from $5,299,208 to $6,582,111 compared to 2022. The average price per square foot rose from $2,383 to $3,053 as demand stays strong for properties within walking distance to ski lifts, restaurants, and luxury shops.

The Vail Golf Course community had a 54.5% jump in average sold price, from $3,278,333 to $5,065,000, with the highest price ringing in at $6.85 million. Arrowhead had strong results in the ﬁrst quarter as well, with a 31.5% increase in average sold price from $3,172,678 to $4,173,571. Wildridge and Wildwood

continue to be attractive for buyers, with an average sold price of $2,241,250, up 37.7%.

The Vail Valley also boasts an enviable arts scene, with entertainment ranging from jazz, ballet and opera to bluegrass and rock at the Gerald R. Ford Amphitheater in Vail and the Vilar Performing Arts Center in Beaver Creek. The Vail Valley is a favorite destination for visitors from throughout the US and worldwide. As many of these guests consider relocating to the Colorado mountains or purchasing a vacation home, demand for properties remains healthy.

VAIL VALLEY

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 noris in any way responsible for its accuracy. Data maintained by Vail Board of Realtors® may not reﬂect all real estate activity in the market. Eagle County – All Properties *Not Including Basalt January through March 2022 2023 % Change Sold Listings (All Properties) 251 167 -33.5% Sold Single Family 79 62 -21.5% Sold Condos/TH/DP 172 105 -39.0% Average Days on Market 40 69 72.5% Average Sold Price $2,230,166 $2,360,608 5.8% % Sold Price to List Price 100.46% 96.7% -3.8% Total Sales Volume $559,771,674 $394,221,641 -29.6%

VAIL VALLEY NEIGHBORHOODS

MICRO MARKET REPORT | Vail Valley JANUARY - MARCH 2023 • COLORADOMICROREPORTS.COM livsothebysrealty.com

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

13 11 9 8 17 18 7 19 4 16 14 15 1 10 12 2 6 3 5

19. Eagle, Eagle Ranch, Brush Creek & Gypsum

The average price per square foot on market in the Town of Vail increased by 26.5% January through March 2023 compared to that of 2022.

Located at 8,200 feet in elevation, the Vail Golf & Nordic Clubhouse is surrounded by the majestic and rugged Gore Mountain Range, o ering a variety of outdoor activities, including 17 kilometers of Nordic trails and 10 kilometers of scenic snowshoe trails.

TOWN OF VAIL All Properties - Includes East Vail to West Vail South EAST VAIL VAIL GOLF All Properties January through March 2022 2023 % Change Average Sold Price $3,278,333 $5,065,000 54.5% Average Price per Square Foot $1,379 $1,726 25.2% Average Days on Market 13 2 -84.6% Highest Price $5,850,000 $6,850,000 17.1% Properties Sold 3 2 -33.3% % Sold Price to List Price 99.70% 97.16% -2.5% January through March 2022 2023 % Change Average Sold Price $3,211,464 $3,078,277 -4.1% Average Price per Square Foot $1,369 $1,732 26.5% Average Days on Market 53 39 -26.4% Highest Price $30,875,000 $19,500,000 -36.8% Properties Sold 56 36 -35.7% % Sold Price to List Price 100.16% 96.21% -3.9% All Properties January through March 2022 2023 % Change Average Sold Price $2,084,316 $888,000 -57.4% Average Price per Square Foot $1,030 $957 -7.1% Average Days on Market 39 47 20.5% Highest Price $8,300,000 $1,250,000 -84.9% Properties Sold 13 5 -61.5% % Sold Price to List Price 102.58% 96.71% -5.7% 26.5%

The average price per square foot in Vail Village increased by 28.1% January through March 2023 compared to that of 2022.

Continuing down the Valley, Cascade Village is slightly removed from the bustling town center and boasts its own small community of luxury homes and the Grand Hyatt Vail. Featuring a fullservice spa and other luxury amenities, the Grand Hyatt Vail is situated right o of the Gore Creek, and has direct lift access up Vail Mountain to over 5,200 acres of skiable terrain.

All Properties All Properties January through March 2022 2023 % Change Average Sold Price $3,050,000 -Average Price per Square Foot $1,614 -

Average Days on Market 8

Highest Price $4,900,000 -

Properties Sold 2 -

% Sold Price to List Price 99.25% -January through March 2022 2023 % Change Average Sold Price $5,299,208 $6,582,111 24.2% Average Price per Square Foot $2,383 $3,053 28.1% Average Days on Market 82 20 -75.6% Highest Price $19,000,000 $19,500,000 2.6% Properties Sold 12 9 -25.0% % Sold Price to List Price 98.19% 97.25% -1.0% All Properties January through March 2022 2023 % Change Average Sold Price $5,904,642 $2,337,857 -60.41% Average Price per Square Foot $1,634 $2,140 31.0% Average Days on Market 117 66 -43.6% Highest Price $30,875,000 $4,000,000 -87.0% Properties Sold 7 7 0.0% % Sold Price to List Price 96.27% 95.01% -1.3% CASCADE LIONSHEAD VAIL VILLAGE

- -

28.1%

18.2%

The average price per square foot in West Vail increased by 18.2% January through March 2023 compared to that of 2022.

Being a small town in an area like Eagle County could mean living in the shadows of its neighbors, but Minturn has carved out its own distinct identity. Incorporated in 1904, the town is one of the oldest in the area. To this day, Minturn re ects the unique and eclectic feel that comes from bringing together people from diverse locations.

All Properties include Booth Creek, Potato Patch, Sandstone Lionsridge, Valley Ridge at Vail (Now Bu ehr Creek), Highland Meadows & Spraddle Creek

WEST VAIL

Properties

ALL OTHER VAIL AREAS MINTURN All Properties January through March 2022 2023 % Change Average Sold Price $1,589,000 -Average Price per Square Foot $592 -Average Days on Market 1 -Highest Price $1,589,000 -Properties Sold 1 -% Sold Price to List Price 100.00% -January through March 2022 2023 % Change Average Sold Price $2,661,780 $1,652,333 -37.9% Average Price per Square Foot $797 $942 18.2% Average Days on Market 71 18 -74.6% Highest Price $5,000,000 $2,850,000 -43.0% Properties Sold 5 6 20.0% % Sold Price to List Price 96.62% 96.82% 0.2%

All

- Includes Areas: West Vail, North to West Vail South, Highland Meadows

January through March 2022 2023 % Change Average Sold Price $1,458,600 $1,664,625 14.1% Average Price per Square Foot $833 $850 2.0% Average Days on Market 32 51 59.4% Highest Price $3,300,000 $2,587,000 -21.6% Properties Sold 15 8 -46.7% % Sold Price to List Price 102.65% 95.06% -7.4%

40.2%

The average price per square foot in Beaver Creek increased by 40.2% January through March 2023 compared to that of 2022.

Beaver Creek, Colorado is considered the best of resort living. Nestled in the White River National Forrest, Beaver Creek provides the luxurious amenities of a modern resort while having a relaxing environment of an alpine village.

All Properties Condominiums, Townhomes, Duplexes and Triplexes January through March 2022 2023 % Change Average Sold Price $2,108,575 $5,458,055 158.9% Average Price per Square Foot $1,171 $1,622 38.5% Average Days on Market 38 157 313.2% Highest Price $4,200,000 $20,500,000 388.1% Properties Sold 20 9 -55.0% % Sold Price to List Price 99.62% 95.15% -4.5% January through March 2022 2023 % Change Average Sold Price $2,679,000 $5,458,055 103.7% Average Price per Square Foot $1,157 $1,622 40.2% Average Days on Market 50 157 214.0% Highest Price $10,200,000 $20,500,000 101.0% Properties Sold 23 9 -60.9% % Sold Price to List Price 99.01% 95.15% -3.9% Single Family Homes January through March 2022 2023 % Change Average Sold Price $6,481,833 -Average Price per Square Foot $1,061 -Average Days on Market 125 -Highest Price $10,200,000 -Properties Sold 3 -% Sold Price to List Price 94.94% -BEAVER CREEK BEAVER CREEK BEAVER CREEK

3.2%

The average price per square foot in Bachelor Gulch increased by 3.2% January through March 2023 compared to that of 2022.

Extending the Beaver Creek ambiance to a more intimate setting, Bachelor Gulch o ers breathtaking views of the Vail Valley. Bachelor Gulch is the ideal location to lose yourself in luxury. Combine this with the numerous outdoor, year-round activities, and the Bachelor Gulch experience is truly limitless.

BACHELOR GULCH All Properties BACHELOR GULCH BACHELOR GULCH Condominiums, Townhomes, Duplexes and Triplexes January through March 2022 2023 % Change Average Sold Price $3,839,571 3068750 -100.0% Average Price per Square Foot $1,412 $1,497Average Days on Market 19 38 100.0% Highest Price $6,432,000 $4,750,000 -26.2% Properties Sold 7 4 -42.9% % Sold Price to List Price 96.53% 94.85% -1.7% January through March 2022 2023 % Change Average Sold Price $6,342,076 $4,854,166 -23.5% Average Price per Square Foot $1,340 $1,383 3.2% Average Days on Market 29 70 141.4% Highest Price $11,750,000 $9,100,000 -22.6% Properties Sold 13 6 -53.8% % Sold Price to List Price 97.25% 95.30% -2.0% Single Family Homes January through March 2022 2023 % Change Average Sold Price $9,261,666 $8,425,000 -9.0% Average Price per Square Foot $1,255 $1,153 -8.1% Average Days on Market 40 134 235.0% Highest Price $11,750,000 $9,100,000 -22.6% Properties Sold 6 2 -66.7% % Sold Price to List Price 98.09% 96.19% -1.9%

55.6%

The average days on market in Arrowhead decreased by 55.6% January through March 2023 compared to that of 2022.

Just around the corner from Bachelor Gulch, you will nd Arrowhead, the nal village of Beaver Creek Resort. Considered the western gateway to Beaver Creek Mountain,

is said to be one of the best kept secrets of the Colorado Rocky Mountains.

All Properties Condominiums, Townhomes, Duplexes and Triplexes January through March 2022 2023 % Change Average Sold Price $1,795,750 $3,409,000 89.8% Average Price per Square Foot $1,078 $1,166 8.2% Average Days on Market 7 48 585.7% Highest Price $3,000,000 $4,350,000 45.0% Properties Sold 10 5 -50.0% % Sold Price to List Price 103.32% 95.41% -7.7% January through March 2022 2023 % Change Average Sold Price $3,172,678 $4,173,571 31.5% Average Price per Square Foot $1,046 $1,133 8.3% Average Days on Market 81 36 -55.6% Highest Price $7,575,000 $7,495,000 -1.1% Properties Sold 14 7 -50.0% % Sold Price to List Price 102.58% 96.42% -6.0% Single Family Homes January through March 2022 2023 % Change Average Sold Price $6,615,000 $6,085,000 -8.0% Average Price per Square Foot $966 $1,050 8.7% Average Days on Market 266 8 -97.0% Highest Price $7,575,000 $7,495,000 -1.1% Properties Sold 4 2 -50.0% % Sold Price to List Price 100.74% 98.95% -1.8% ARROWHEAD ARROWHEAD ARROWHEAD

Village

Arrowhead

For many, the draw of the Vail Valley includes the various resorts with their skiing and spas. For others, the Vail Valley is a place where they can nd a home with peace and tranquility along with some of the most breathtaking views imaginable. That sums up what Mountain Star is all about. Although less than thirty minutes away from all the action of Eagle County, this gated development is everything one could imagine in a mountain home.

37.7%

The average sold price in Wildridge/Wildwood increased by 37.7% January through March 2023 compared to that of 2022.

MOUNTAIN STAR All Properties WILDRIDGE/WILDWOOD EAGLEVAIL & AVON All Properties January through March 2022 2023 % Change Average Sold Price $961,627 $1,679,152 74.6% Average Price per Square Foot $757 $998 31.8% Average Days on Market 15 80 433.3% Highest Price $3,975,000 $4,195,000 5.5% Properties Sold 36 29 -19.4% % Sold Price to List Price 100.32% 96.43% -3.9% January through March 2022 2023 % Change Average Sold Price $9,050,000 -Average Price per Square Foot $848 -Average Days on Market 551 -Highest Price $9,050,000 -Properties Sold 1 -% Sold Price to List Price 96.79% -All Properties January through March 2022 2023 % Change Average Sold Price $1,627,642 $2,241,250 37.7% Average Price per Square Foot $563 $638 13.3% Average Days on Market 75 132 76.0% Highest Price $4,275,000 $2,995,000 -29.9% Properties Sold 7 4 -42.9% % Sold Price to List Price 98.96% 99.08% 0.1%

Located conveniently in the Vail Valley on the south side of Edwards, Homestead provides e ortless access to nearby shops, restaurants, and a quaint movie theater. Perched atop a hill, beautiful views of the Vail Valley can be seen throughout the Edwards, including the New York Mountain Range and the Eagle River. Enjoy easy access to various outdoor activities, including winter favorites like skiing,

and

12.0%

The average price per square foot in Edwards - Singletree increased by 12.0% January through March 2023 compared to that of 2022.

All Properties – Includes Edwards, Homestead & Riverwalk All Properties January through March 2022 2023 % Change Average Sold Price - $3,434,750Average Price per Square Foot - $845Average Days on Market - 110Highest Price - $4,150,000Properties Sold - 2% Sold Price to List Price - 91.51%January through March 2022 2023 % Change Average Sold Price $935,723 $1,354,343 44.7% Average Price per Square Foot $554 $676 22.0% Average Days on Market 18 70 288.9% Highest Price $1,684,600 $3,750,000 122.6% Properties Sold 13 13 0.0% % Sold Price to List Price 102.75% 98.21% -4.4% All Properties January through March 2022 2023 % Change Average Sold Price $2,275,909 $2,347,000 3.1% Average Price per Square Foot $649 $727 12.0% Average Days on Market 7 78 1014.3% Highest Price $4,025,000 $4,350,000 8.1% Properties Sold 11 5 -54.5% % Sold Price to List Price 97.66% 92.65% -5.1% EDWARDSLAKE CREEK EDWARDSSINGLETREE EDWARDSHOMESTEAD

snowshoeing,

y- shing.

The average days on market in Cordillera Ranch, Cordillera Divide, Cordillera Summit, and the Cordillera Valley Club decreased by 19.6% January through March 2023 compared to that of 2022.

All Properties - Includes Cordillera Valley Club, Cordillera Divide, Cordillera Ranch, Cordillera Summit, Colorow Creek

All Properties - Includes Cordillera Divide, Cordillera Ranch, Cordillera Summit, Colorow Creek

CORDILLERA & VALLEY CLUB

CORDILLERA January through March 2022 2023 % Change Average Sold Price $3,721,947 $3,809,888 2.4% Average Price per Square Foot $629 $748 18.9% Average Days on Market 46 37 -19.6% Highest Price $5,500,000 $4,975,000 -9.5% Properties Sold 10 9 -10.0% % Sold Price to List Price 97.58% 95.79% -1.8%

January through March 2022 2023 % Change Average Sold Price $3,721,947 $3,809,888 2.4% Average Price per Square Foot $629 $748 18.9% Average Days on Market 46 37 -19.6% Highest Price $5,500,000 $4,975,000 -9.5% Properties Sold 10 9 -10.0% % Sold Price to List Price 97.58% 95.79% -1.8%

19.6%

Located in Edwards, the Cordillera Divide, Cordillera Ranch, Cordillera Summit, and Cordillera Valley Club are situated conveniently o of Interstate 70. Operating as its own separate community within Edwards, Cordillera thrives on its beautiful open spaces, proximity to national forest and BLM lands, and its wide array of activities. Home to the Vail Gondola Club and Cordillera Golf Club, this private community is renowned for its awardwinning golf courses.

All Properties

All Properties - Includes Eagle Ranch, Brush Creek, Cotton Ranch & Chat eld

The Town of Eagle is the county seat of Eagle County, Colorado, and one of Colorado's best-kept secrets. A hidden gem with pristine and abundant access to mountain biking, hiking, shing, and yearround events. Located at 6,600 feet above sea level with a population of 6,748, the town is gaining recognition for its smalltown charm.

CORDILLERA VALLEY CLUB

January through March 2022 2023 % Change Average Sold Price $944,769 $1,001,015 6.0% Average Price per Square Foot $400 $398 -0.5% Average Days on Market 33 73 121.2% Highest Price $5,100,000 $2,200,000 -56.9% Properties Sold 60 44 -26.7% % Sold Price to List Price 102.35% 98.02% -4.2% EAGLE & GYPSUM

January through March 2022 2023 % Change Average Sold Price - -Average Price per Square Foot - -Average Days on Market - -Highest Price - -Properties Sold - -% Sold Price to List Price - - -