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