Vail Valley | Mid-Year 2022

M I D -Y E A R 2 0 2 2

Micro Market Report V A I L V A L L E Y, C O L O R A D O

201 Tall Timber

157 Pilgrim Drive

Vail Valley MARKET UPDATE

Colorado’s Vail Valley, which is home to world-class resorts Vail Mountain and Beaver Creek Resort, is surrounded by more than two million acres of the White River National Forest and features charming villages lined with cobblestone streets, Bavarianinspired architecture, stunning mountain vistas, and gorgeous green meadows. In addition to the area’s endless adventures, the region offers luxurious amenities, including fine dining, shopping, theatre, and music. The Vail Valley is easily accessible along I-70, located under two hours away from Denver. Eagle County Regional Airport (EGE) is just a 30-minute drive to Beaver Creek and offers daily direct flights from major US cities. Boasting hundreds of miles of hiking and mountain bike trails, as well as gold medal fly fishing on the Gore Creek and Eagle River, the Vail Valley is a yearround destination that many have chosen, for good reason, to call home.

The coveted nature of this iconic area has driven real estate numbers to record-breaking levels in recent years. Every quarter, LIV Sotheby's International Realty produces a Micro Market Report focused on the Vail Valley’s market performance, which spans from Vail to Gypsum. For quarter two, this micro market report provides a year-overyear comparison of the first six months of 2021 compared to the first six months of 2022, analyzing January through June. Year over year, the Vail Valley saw a slight decline in the number of listings sold from 800 during the first six months of 2021 to 612 in 2022. While the number of listings sold declined, the average sold price did not, with the area seeing a 25.1% increase. This increase in appreciation value proves that the attraction of Vail remains strong despite limited inventory.

Throughout the scenic Vail Valley, the average price to call this area home was $2,156,860. In fact, in the Town of Vail the average sold price increased 43.4% to $3,541,943 compared to January through June of 2021. While prices increased throughout the Vail Valley, the time that inventory remained on the market did not. Listings lasted an average of 29 days on market, with the first two quarters of 2022 seeing a 68.1% increase in market speed.

Continue reading to learn more about how the real estate market in the Vail Valley performed during the first six months of the year. This Colorado Micro Market Report includes real estate data statistics for the following neighborhoods (single family unless otherwise indicated): Arrowhead, Avon, Bachelor Gulch, Beaver Creek, Brush Creek, Cordillera, Cordillera Valley Club, Eagle, Eagle Ranch, Eagle – Vail, East Vail, Edwards – Lake Creek Valley, Edwards – Singletree, Edwards – Homestead, Gypsum, Lionshead, Minturn, Mountain Star, Vail Golf Course & Spraddle Creek, Vail Village, West Vail & Cascade, and Wildridge/Wildwood.

VAIL VALLEY January through June

2021

2022

% Change

800

612

-23.5%

Sold Single Family

214

189

-11.7%

Sold Condos/TH/DP

586

423

-27.8%

91

29

-68.1%

$1,723,470

$2,156,860

25.1%

98.0%

100.4%

2.4%

$1,378,776,667

$1,319,998,358

-4.3%

Sold Listings (All Properties)

Average Days on Market Average Sold Price % Sold Price to List Price Total Sales Volume

Eagle County – All Properties *Not Including Basalt

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.

coloradomicroreports.com

VAIL VALLEY

NEIGHBORHOODS 1.

East Vail

6.

Minturn

12. Wildridge/Wildwood

18. Cordillera

2.

Vail Golf Course &

7.

Eagle-Vail

13. Arrowhead

19. Eagle, Eagle Ranch,

Spraddle Creek

8.

Avon

14. Edwards - Singletree

3.

Vail Village

9.

Beaver Creek

15. Edwards & Homestead

4.

Lionshead

10. Mountain Star

16. Edwards - Lake Creek Valley

5.

West Vail & Cascade

11. Bachelor Gulch

17. Cordillera Valley Club

Brush Creek & Gypsum

19

17 18

14 15

16

12 13

10 5

8 11 9

4

3

2

1

6

7

MICROMARKET REPORT | Vail Valley livsothebysrealty.com

JANUARY - JUNE 2022 • COLORADOMICROREPORTS.COM

TOWN OF VAIL

43.4% The average sold price on market in the Town of Vail increased by 43.4% January through June 2022 compared to that of 2021.

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

2022

% Change

$2,469,814

$3,541,943

43.4%

$1,270

$1,536

20.9%

152

51

-66.4%

$34,000,000

$30,875,000

-9.2%

209

133

-36.4%

96.7%

99.7%

3.1%

All Properties - Includes East Vail to West Vail South

January through June Average Sold Price

EAST VAIL

2021

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

2021

2022

% Change

$1,031,309

$1,611,196

56.2%

$758

$1,010

33.2%

70

25

-64.3%

$2,925,000

$8,300,000

183.8%

33

26

-21.2%

100.4%

101.7%

1.2%

All Properties

VAIL GOLF

January through June

Located at 8,200 feet in elevation,

Average Sold Price

the Vail Golf & Nordic Clubhouse

Average Price per Square Foot

is surrounded by the majestic and

Average Days on Market

rugged Gore Mountain Range, offering

Highest Price

a variety of outdoor activities, including 17 kilometers of Nordic trails and 10 kilometers of scenic snowshoe trails.

Properties Sold % Sold Price to List Price

2021

2022

% Change

$2,621,666

$7,067,000

169.6%

$1,012

$1,489

47.1%

135

140

3.7%

$8,200,000

$15,500,000

89.0%

12

5

-58.3%

95.8%

95.3%

-0.6%

All Properties

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

2021

2022

% Change

$3,827,040

$5,343,928

39.6%

$2,033

$2,485

22.2%

151

77

-49.0%

$34,000,000

$19,000,000

-44.1%

58

28

-51.7%

95.8%

97.3%

1.6%

All Properties

January through June

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

2022

% Change

$2,620,036

$5,502,800

110.03%

$1,537

$2,090

36.0%

230

78

-66.1%

$7,600,000

$30,875,000

306.3%

39

25

-35.9%

94.6%

97.9%

3.6%

The average price per square foot in Vail Village increased by 22.2% January through June 2022 compared to that of 2021.

LIONSHEAD

Average Sold Price

2021

22.2%

VAIL VILLAGE

January through June

All Properties

January through June

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

2022

% Change

$3,128,625

$4,278,571

36.8%

bustling town center and boasts its own

$1,159

$1,729

49.2%

small community of luxury homes and

238

3

-98.7%

$7,250,000

$9,700,000

33.8%

8

7

-12.5%

94.6%

99.5%

5.2%

All Properties

Village is slightly removed from the

the Grand Hyatt Vail. Featuring a fullservice spa and other luxury amenities, the Grand Hyatt Vail is situated right off of the Gore Creek, and has direct lift access up Vail Mountain to over 5,200 acres of skiable terrain.

CASCADE

Average Sold Price

Continuing down the Valley, Cascade

2021

WEST VAIL

71.1%

The average days on market in West Vail decreased by 71.1% January through June 2022 compared to that of 2021.

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

2021

2022

% Change

$1,404,270

$1,915,408

36.4%

$639

$790

23.6%

159

46

-71.1%

$3,725,000

$5,000,000

34.2%

28

12

-57.1%

98.0%

100.3%

2.3%

ALL OTHER VAIL AREAS

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

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

2022

% Change

$2,108,562

$1,839,274

-12.8%

$739

$898

21.5%

181

31

-82.9%

$8,100,000

$5,250,000

-35.2%

35

31

-11.4%

96.7%

102.2%

5.6%

All Properties - Includes Areas: Booth Creek, Potato Patch, Sandstone Lionsridge, Valley Ridge at Vail (Now Buffehr Creek), Highland Meadows & Spraddle Creek

Being a small town in an area like Eagle

MINTURN

2021

January through June

County could mean living in the shadows

Average Sold Price

of its neighbors, but Minturn has carved

Average Price per Square Foot

out its own distinct identity. Incorporated in 1904, the town is one of the oldest in the area. To this day, Minturn reflects the unique

Average Days on Market Highest Price

and eclectic feel that comes from bringing

Properties Sold

together people from diverse locations.

% Sold Price to List Price

2021

2022

% Change

$785,000

$1,364,125

73.8%

$441

$743

68.5%

213

8

-96.2%

$940,000

$2,100,000

123.4%

8

8

0.0%

96.5%

100.6%

4.2%

All Properties

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

2021

2022

% Change

$2,301,018

$2,618,157

13.8%

$923

$1,313

42.3%

154

27

-82.5%

$10,950,000

$10,200,000

-6.8%

94

57

-39.4%

96.6%

98.9%

2.3%

All Properties

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

2021

2022

% Change

$6,017,615

$6,481,833

7.7%

$890

$1,061

19.2%

412

125

-69.7%

$10,950,000

$10,200,000

-6.8%

13

3

-76.9%

94.3%

94.9%

0.7%

The average sold price in Beaver Creek increased by 13.8% January through June 2022 compared to that of 2021.

BEAVER CREEK

January through June

13.8%

Single Family Homes

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

2021

2022

% Change

$1,704,527

$2,403,509

41.0%

$928

$1,327

43.0%

the best of resort living. Nestled in the

112

21

-81.3%

White River National Forrest, Beaver

$6,800,000

$6,950,000

2.2%

81

54

-33.3%

97.0%

99.1%

2.1%

Condominiums, Townhomes, Duplexes and Triplexes

Beaver Creek, Colorado is considered

Creek provides the luxurious amenities of a modern resort while having a relaxing environment of an alpine village.

BEAVER CREEK

January through June

BEAVER CREEK

January through June

BACHELOR GULCH BACHELOR GULCH BACHELOR GULCH

33.3% The average price per square foot in Bachelor Gulch increased by 33.3% January through June 2022 compared to that of 2021.

Extending the Beaver Creek ambiance to a more intimate setting, Bachelor Gulch

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

January through June Average Sold Price Average Price per Square Foot

Bachelor Gulch is the ideal location to lose

Average Days on Market

yourself in luxury. Combine this with the

Highest Price

and the Bachelor Gulch experience is truly limitless.

2022

% Change

$4,352,423

$5,843,843

34.3%

$1,028

$1,370

33.3%

146

27

-81.5%

$13,500,000

$11,750,000

-13.0%

23

16

-30.4%

94.9%

96.7%

1.9%

All Properties

offers breathtaking views of the Vail Valley.

numerous outdoor, year-round activities,

2021

Properties Sold % Sold Price to List Price

2021

2022

% Change

$8,289,843

$9,261,666

11.7%

$1,089

$1,255

15.2%

152

28

-81.6%

$13,500,000

$11,750,000

-13.0%

8

6

-25.0%

96.4%

98.1%

1.7%

Single Family Homes

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

2021

2022

% Change

$2,252,466

$3,793,150

68.4%

$995

$1,439

44.6%

142

27

-81.0%

$5,200,000

$6,432,000

23.7%

15

10

-33.3%

94.1%

95.8%

1.8%

Condominiums, Townhomes, Duplexes and Triplexes

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

2021

2022

% Change

$2,822,698

$3,130,433

10.9%

$707

$1,043

47.5%

114

$39

-65.8%

$10,605,750

$7,575,000

-28.6%

25

30

20.0%

95.9%

100.8%

5.1%

All Properties

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

The average days on market in Arrowhead decreased by 65.8% January through June 2022 compared to that of 2021.

2021

2022

% Change

$4,916,661

$5,802,550

18.0%

Just around the corner from Bachelor

$695

$941

35.4%

Gulch, you will find Arrowhead, the final

143

108

-24.5%

$10,605,750

$7,575,000

-28.6%

9

10

11.1%

be one of the best kept secrets of the

94.1%

99.2%

5.4%

Colorado Rocky Mountains.

village of Beaver Creek Resort. Considered the western gateway to Beaver Creek Mountain, Arrowhead Village is said to

ARROWHEAD

January through June

65.8%

ARROWHEAD

January through June

Single Family Homes

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

2021

2022

% Change

$1,644,843

$1,794,375

9.1%

$713

$1,094

53.4%

97

4

-95.9%

$3,265,000

$3,000,000

-8.1%

16

20

25.0%

96.9%

101.6%

4.8%

Condominiums, Townhomes, Duplexes and Triplexes

ARROWHEAD

January through June

MOUNTAIN STAR WILDRIDGE/WILDWOOD

EAGLE-VAIL & AVON

For many, the draw of the Vail Valley includes the various resorts with their skiing and spas. For others, the Vail Valley

January through June

is a place where they can find a home with

Average Sold Price

peace and tranquility along with some of

Average Price per Square Foot

the most breathtaking views imaginable.

That sums up what Mountain Star is all about. Although less than thirty minutes

Average Days on Market Highest Price

away from all the action of Eagle County,

Properties Sold

this gated development is everything one

% Sold Price to List Price

2021

2022

% Change

$5,290,833

$12,100,000

128.7%

$592

$1,355

128.9%

625

203

-67.5%

$6,250,000

$20,250,000

224.0%

3

3

0.0%

95.0%

94.4%

-0.7%

could imagine in a mountain home.

22.4% The average sold price in Wildridge/Wildwood increased by 22.4% January through June 2022 compared to that of 2021.

All Properties

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

2021

2022

% Change

$1,254,730

$1,536,269

22.4%

$398

$568

42.7%

31

42

35.5%

$3,250,000

$4,275,000

31.5%

13

13

0.0%

98.7%

100.6%

2.0%

All Properties

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

2021

2022

% Change

$775,520

$1,091,714

40.8%

$612

$818

33.7%

35

12

-65.7%

$3,015,000

$6,496,000

115.5%

124

110

-11.3%

99.4%

101.4%

2.0%

All Properties

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

2022

% Change

$1,027,665

$995,207

-3.2%

shops, restaurants, and a quaint movie

$458

$597

30.3%

theater. Perched atop a hill, beautiful views

25

16

-36.0%

$5,200,000

$2,500,000

-51.9%

49

38

-22.4%

99.6%

102.3%

2.7%

All Properties – Includes Edwards, Homestead & Riverwalk

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

2021

2022

% Change

$1,422,928

$2,188,000

53.8%

$501

$638

27.3%

66

6

-90.9%

$3,900,000

$4,025,000

3.2%

21

17

-19.0%

98.6%

98.3%

-0.3%

All Properties

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

2021

2022

% Change

$3,726,000

$3,735,000

0.2%

$682

$595

-12.8%

94

18

-80.9%

$4,600,000

$4,500,000

-2.2%

5

2

-60.0%

88.7%

99.6%

12.3%

All Properties

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, snowshoeing, and fly-fishing.

3.2% The highest price in Edwards Singletree increased by 3.2% January through June 2022 compared to that of 2021.

EDWARDS - LAKE CREEK

January through June

provides effortless access to nearby

EDWARDS - SINGLETREE

January through June

the south side of Edwards, Homestead

2021

EDWARDS - HOMESTEAD

Located conveniently in the Vail Valley on

CORDILLERA & VALLEY CLUB

CORDILLERA

32.9% The average days on market in Cordillera Ranch, Cordillera Divide, Cordillera Summit, and the Cordillera Valley Club decreased by 32.9% January through June 2022 compared to that of 2021.

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

2021

2022

% Change

$2,773,042

$4,031,923

45.4%

$509

$690

35.6%

76

51

-32.9%

$4,760,000

$10,000,000

110.1%

35

20

-42.9%

97.0%

98.3%

1.4%

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

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

2021

2022

% Change

$2,662,951

$3,983,656

49.6%

$493

$679

37.7%

73

53

-27.4%

$4,760,000

$10,000,000

110.1%

31

19

-38.7%

97.0%

98.2%

1.2%

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

Cordillera Ranch, Cordillera Summit, January through June Average Sold Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price

2022

% Change

$3,626,250

$4,949,000

36.5%

as its own separate community within

$630

$905

43.7%

Edwards, Cordillera thrives on its beautiful

103

11

-89.3%

$4,300,000

$4,949,000

15.1%

4

1

-75.0%

96.4%

100.0%

3.7%

All Properties

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

conveniently off of Interstate 70. Operating

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.

2021

2022

% Change

The Town of Eagle is the county seat

$724,787

$965,352

33.2%

of Eagle County, Colorado, and one of

$314

$401

27.7%

Colorado's best-kept secrets. A hidden

30

23

-23.3%

$2,350,000

$5,100,000

117.0%

round events. Located at 6,600 feet above

167

150

-10.2%

sea level with a population of 6,748, the

100.2%

101.6%

1.4%

All Properties - Includes Eagle Ranch, Brush Creek, Cotton Ranch & Chatfield

gem with pristine and abundant access to mountain biking, hiking, fishing, and year-

town is gaining recognition for its smalltown charm.

EAGLE & GYPSUM

January through June

and Cordillera Valley Club are situated

2021

CORDILLERA VALLEY CLUB

Located in Edwards, the Cordillera Divide,

WHY COLORADO?

04

NATIONAL PARKS

07

MOUNTAIN RANGES

28

SKI AREAS & RESORTS

300

AVG DAYS OF SUNSHINE ANNUALY

350+ CRAFT BREWERIES

MICROMARKET REPORT | Vail Valley JANUARY - JUNE 2022 • COLORADOMICROREPORTS.COM