Vail Valley | Q3 2022

Micro Market Report

VAIL VALLEY, COLORADO

Vail Valley MARKET UPDATE

Colorado’s Vail Valley is surrounded by more than two million acres of the White River National Forest and features charming villages with Bavarianinspired architecture, stunning mountain vistas, summer wildflowers, and golden aspen trees in the autumn. Endless adventures are year-round in the valley, boasting hundreds of miles of hiking and mountain bike trails, gold medal fly fishing on the Gore Creek and Eagle River, and over 7,000 skiable acres of terrain for all abilities. The Vail Valley offers a variety of fine dining and shopping options to enjoy, as well as theatre and music at Vail’s Gerald R. Ford Amphitheatre and Beaver Creek’s Vilar Performing Arts Center. The Vail Valley is easily accessible along I-70, and Eagle County Regional Airport offers daily direct flights from major US cities. The Vail Valley, with its gorgeous scenery and variety of activities, is a Colorado mountain destination that many have chosen to call home.

This beautiful valley has become even more desirable for both primary residences and vacation homes in recent years, with strong metrics in the real estate market. Every quarter, LIV Sotheby's International Realty produces a Micro Market Report focused on Eagle County's market performance, which includes the Vail Valley. For quarter three, this report is a year-over-year comparison of the first nine months of 2021 compared to the first nine months of 2022, analyzing January through September.

For all properties in Eagle County, the average sold price increased 16.9% since 2021 to $2.06 million, demonstrating the high remand for this area. The average days on market declined 61% to just 30

days across the county. The Town of Vail had an average sold price of $3.31 million, which was a 26% jump from 2021. Just a few miles from Vail, Minturn saw a 53.4% increase in average sold price to $1.24 million. Down-valley properties in Eagle Ranch, Eagle, and Gypsum had an average sold price of $995,769 which was a 34.2% increase, and the average days on market for this area was just 25, as this market remains competitive for buyers.

Continue reading to learn more about how the real estate market in the Vail Valley performed during the first nine 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

TOWN

26.0%

The average sold price in the Town of Vail increased by 26.0% January through September 2022 compared to that of 2021.

January through September

2022 % Change

Average Sold Price $2,627,419 $3,310,036 26.0%

Average Price per Square Foot $1,280 $1,493 16.6%

Average Days on Market 133 44 -66.9%

Highest Price $34,000,000 $30,875,000 -9.2%

Properties Sold 308 194 -37.0%

% Sold Price to List Price 96.95% 99.15% 2.3%

All Properties - Includes East Vail to West Vail South

January through September

2022 % Change

Average Sold Price $985,935 $1,473,727 49.5%

Average Price per Square Foot $740 $1,016 35.8%

Average Days on Market 57 21 -63.2%

Highest Price $3,100,000 $8,300,000 167.7%

Properties Sold 59 40 -32.2%

% Sold Price to List Price 100.24% 101.07% 0.8%

All Properties

January through September

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.

2021 2022 % Change

Average Sold Price $3,284,687 $5,937,222 80.8%

Average Price per Square Foot $1,100 $1,473 33.9%

Average Days on Market 131 79 -39.7%

Highest Price $8,750,000 $15,500,000 77.1%

Properties Sold 16 9 -43.8%

% Sold Price to List Price 96.32% 98.10% 1.8%

All Properties

January

Average Sold Price

Average Price per Square Foot

Average Days on Market

Highest Price

% Sold Price to List Price

21.9%

The average price per square foot in Vail Village increased by 21.9% January through September 2022 compared to that of 2021.

All Properties

January through

Average Sold Price $3,224,322 $4,895,500

Average Price per Square Foot $1,645 $2,039 24.0%

Average Days on Market

-69.1%

Highest Price $12,450,000 $30,875,000 148.0% Properties Sold

% Sold Price to List Price

January

Average Sold Price

Average Price per Square Foot

Average Days on Market

Highest Price

Sold

% Sold Price to List Price

-40.7%

97.99% 2.9%

All Properties

%

-98.6%

-22.2%

All Properties

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.

January through September

69.3%

The average days on market in West Vail decreased by 69.3% January through September 2022 compared to that of 2021.

2022 % Change

Average Sold Price $1,322,858 $1,596,675 20.7%

Average Price per Square Foot $640 $835 30.5%

Average Days on Market 114 35 -69.3%

Highest Price $3,725,000 $5,000,000 34.2%

Properties Sold 43 28 -34.9%

% Sold Price to List Price 98.17% 96.94% -1.3%

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

January through September

% Change

Average Sold Price $2,056,253 $1,740,525 -15.4%

Average Price per Square Foot $720 $900 25.0%

Average Days on Market 159 28 -82.4%

Highest Price $8,100,000 $5,250,000 -35.2%

Properties Sold 45 39 -13.3%

% Sold Price to List Price 96.81% 101.28% 4.6%

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

January through September

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.

2022 % Change

Average Sold Price $814,291 $1,248,933 53.4%

Average Price per Square Foot $458 $694 51.5%

Average Days on Market 145 25 -82.8%

Highest Price $949,000 $2,100,000 121.3%

Properties Sold 12 15 25.0%

% Sold Price to List Price 97.35% 98.47% 1.2%

All Properties

January through

Average Sold Price $2,447,281 $2,632,970

Average Price per Square Foot $949 $1,331 40.3%

Average Days on Market

-72.4%

Highest Price $10,950,000 $10,200,000 -6.8%

Properties Sold

-44.7%

% Sold Price to List Price 97.03% 98.88% 1.9%

All Properties

7.6%

The average sold price in Beaver Creek increased by 7.6% January through September 2022 compared to that of 2021.

January through

Average Sold Price $5,603,958 $6,481,833 15.7%

Average Price per Square Foot $862 $1,061 23.1%

Average Days on Market 305 125 -59.0%

Highest Price $10,950,000 $10,200,000 -6.8%

Properties Sold 20 3 -85.0%

% Sold Price to List Price 94.96% 94.94% 0.0%

Single Family Homes

January through

Average Sold Price $1,834,334 $2,455,330

Change

Average Price per Square Foot $966 $1,343 39.0%

Average Days on Market

-68.3%

Highest Price $7,602,000 $7,800,000 2.6% Properties Sold

% Sold Price to List Price

Condominiums,

and

-36.9%

1.7%

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.

BEAVER CREEK

BEAVER CREEK

BEAVER CREEK

20.9%

The average price per square foot in Bachelor Gulch increased by 20.9% January through September 2022 compared to that of 2021.

January through September 2021 2022 % Change

Average Sold Price $4,122,979 $6,125,083 48.6%

Average Price per Square Foot $1,122 $1,357 20.9%

Average Days on Market 138 31 -77.5%

Highest Price $13,500,000 $11,750,000 -13.0%

Properties Sold 36 18 -50.0%

% Sold Price to List Price 95.93% 96.38% 0.5%

All Properties

January through September

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.

2021 2022 % Change

Average Sold Price $8,236,375 $9,040,000 9.8%

Average Price per Square Foot $1,115 $1,255 12.6%

Average Days on Market 138 36 -73.9%

Highest Price $13,500,000 $11,750,000 -13.0%

Properties Sold 10 8 -20.0%

% Sold Price to List Price 96.85% 97.08% 0.2%

Single Family Homes

January through September

2021 2022 % Change

Average Sold Price $2,540,903 $3,793,150 49.3%

Average Price per Square Foot $1,124 $1,439 28.0%

Average Days on Market 138 27 -80.4%

Highest Price $5,300,000 $6,432,000 21.4%

Properties Sold 26 10 -61.5%

% Sold Price to List Price 95.57% 95.82% 0.3%

Condominiums, Townhomes, Duplexes and Triplexes

January

Average Sold Price

Average Price per Square Foot

Average Days on Market

Highest Price

% Sold Price to List Price

All Properties

62.9%

The average days on market in Arrowhead decreased by 62.9% January through September 2022 compared to that of 2021.

January through

Average Sold Price $4,644,995 $5,693,791 22.6%

Average Price per Square Foot $682 $943 38.3%

Average Days on Market

-27.1%

Highest Price $10,605,750 $7,575,000 -28.6%

Properties Sold

20.0%

% Sold Price to List Price 94.72% 98.59% 4.1%

Single Family Homes

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

January

Average Sold Price

Average Price per Square Foot

Average Days on Market

Highest Price

% Sold Price to

Price

Condominiums,

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.

45.0%

The average sold price in Wildridge/Wildwood increased by 45.0% January through September 2022 compared to that of 2021.

January through September 2021 2022 % Change

Average Sold Price $6,064,500 $11,700,000 92.9%

Average Price per Square Foot $714 $1,502 110.4%

Average Days on Market 431 169 -60.8%

Highest Price $8,500,000 $20,250,000 138.2%

Properties Sold 5 4 -20.0%

% Sold Price to List Price 95.45% 94.09% -1.4%

All Properties

January through September 2021 2022 % Change

Average Sold Price $1,150,966 $1,668,750 45.0%

Average Price per Square Foot $440 $579 31.6%

Average Days on Market 24 39 62.5%

Highest Price $3,250,000 $4,425,000 36.2%

Properties Sold 27 22 -18.5%

% Sold Price to List Price 98.65% 98.32% -0.3%

All Properties

January through September

2021 2022 % Change

Average Sold Price $818,954 $1,099,429 34.2%

Average Price per Square Foot $630 $817 29.7%

Average Days on Market 32 14 -56.3%

Highest Price $3,015,000 $6,496,000 115.5%

Properties Sold 193 150 -22.3%

% Sold Price to List Price 99.76% 100.68% 0.9%

All Properties

Average Sold Price

Average Price per

Average

Highest Price

%

Price to

Price

January through

Average Sold Price

Average Price per Square Foot

Average Days on Market

Highest Price $3,900,000

Sold

% Sold Price to List Price

All Properties

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, snowshoeing, and y- shing.

17.9%

The highest price in EdwardsSingletree increased by 17.9% January through September 2022 compared to that of 2021.

January

Average Sold Price

Average Price per

Average Days

Highest Price

%

Price

All Properties

EDWARDSLAKE CREEK

EDWARDSSINGLETREE

EDWARDSHOMESTEAD

The average days on market in Cordillera Ranch, Cordillera Divide, Cordillera Summit, and the Cordillera Valley Club decreased by 30.0% January through September 2022 compared to that of 2021.

January through September 2021 2022 % Change

Average Sold Price $2,965,166 $4,206,670 41.9%

Average Price per Square Foot $607 $738 21.6%

Average Days on Market 70 49 -30.0%

Highest Price $5,078,000 $11,000,000 116.6%

Properties Sold 63 32 -49.2%

% Sold Price to List Price 98.25% 97.82% -0.4%

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

January through September 2021 2022 % Change

Average Sold Price $2,711,521 $4,086,705 50.7%

Average Price per Square Foot $517 $710 37.3%

Average Days on Market 59 51 -13.6%

Highest Price $4,760,000 $11,000,000 131.1%

Properties Sold 46 29 -37.0%

% Sold Price to List Price 97.99% 97.78% -0.2%

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

January through September 2021 2022 % Change

Average Sold Price $3,651,500 $5,366,333 47.0%

Average Price per Square Foot $850 $1,017 19.6%

Average Days on Market 100 25 -75.0%

Highest Price $5,078,000 $7,450,000 46.7%

Properties Sold 17 3 -82.4%

% Sold Price to List Price 98.94% 98.18% -0.8%

All Properties

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.

January through September 2021

% Change

Average Sold Price $742,274 $995,769 34.2%

Average Price per Square Foot $331 $402 21.5%

Average Days on Market 30 25 -16.7%

Highest Price $2,570,000 $5,100,000 98.4%

Properties Sold 268 241 -10.1%

% Sold Price to List Price 100.44% 100.38% -0.1%

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.

EAGLE & GYPSUM

WHY COLORADO?

MICRO MARKET REPORT | Vail Valley JANUARY SEPTEMBER 2022 • COLORADOMICROREPORTS.COM