Vail Valley

Micro Market Report

VAIL VALLEY, COLORADO

1145 Pilgrim Drive 1481 Daybreak Ridge Road YEAR END 2022

Vail Valley MARKET UPDATE

The Vail Valley is renowned for its world-class skiing in Vail and Beaver Creek, with over 7,000 acres of terrain in the two resorts. The area is also an easily accessible destination, with the Eagle County Regional Airport (EGE) providing service from twelve cities.

2022 brought normalization to the Vail Valley real estate market after record-breaking sales volume in 2020-2021. Throughout Eagle County, the average sale price increased 10% from January to December 2022 although overall sales volume was oﬀ 23.4% due to reduced inventory. Properties were on the market for an average of only 36 days, down from 70 days in 2021, as buyers made relatively swift decisions in this competitive climate.

Cordillera Valley Club had an exceptional year in 2022, with the average sale price up 55.5% from $3.65 million to $5.67 million over 2021. Mountain Star saw a 43.6% uptick in average sale price to $10.1 million. East Vail properties saw a 41.2% jump in average sale price in 2022, from $1.07 million to $1.51 million over the previous year. The Singletree neighborhood in Edwards continues to be desirable

for buyers, with the highest priced property in 2022 selling for $4.6 million, which was a 18% increase over 2021. Vail Village’s price per square foot was $2,506, the highest in the area and 15.5% above that ﬁgure in 2021.

The Vail Valley has become a year-round 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.

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 December 2021 2022 % Change Sold Listings (All Properties) 1,630 1,136 -30.3% Sold Single Family 479 383 -20.0% Sold Condos/TH/DP 1,151 753 -34.6% Average Days on Market 70 36 -48.6% Average Sold Price $1,945,818 $2,139,748 10.0% % Sold Price to List Price 98.63% 99.1% 0.5% Total Sales Volume $3,171,684,292 $2,430,753,858 -23.4%

VAIL VALLEY NEIGHBORHOODS

MICRO MARKET REPORT | Vail Valley JANUARY - DECEMBER 2022 • 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 sold price on market in the Town of Vail increased by 10.3% January through December 2022 compared to that of 2021.

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 December 2021 2022 % Change Average Sold Price $3,860,227 $5,014,772 29.9% Average Price per Square Foot $1,187 $1,376 15.9% Average Days on Market 99 71 -28.3% Highest Price $11,925,000 $15,500,000 30.0% Properties Sold 22 11 -50.0% % Sold Price to List Price 97.01% 97.90% 0.9% January through December 2021 2022 % Change Average Sold Price $2,951,642 $3,255,721 10.3% Average Price per Square Foot $1,358 $1,444 6.3% Average Days on Market 116 48 -58.6% Highest Price $34,000,000 $30,875,000 -9.2% Properties Sold 409 237 -42.1% % Sold Price to List Price 97.39% 98.52% 1.2% All Properties January through December 2021 2022 % Change Average Sold Price $1,076,099 $1,519,394 41.2% Average Price per Square Foot $778 $1,015 30.5% Average Days on Market 46 23 -50.0% Highest Price $3,385,000 $8,300,000 145.2% Properties Sold 81 51 -37.0% % Sold Price to List Price 100.36% 100.19% -0.2% 10.3%

15.5%

The average price per square foot in Vail Village increased by 15.5% January through December 2022 compared to that of 2021.

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 December 2021 2022 % Change Average Sold Price $3,006,583 $4,043,750 34.5% Average Price per Square Foot $1,290 $1,694 31.3% Average Days on Market 159 2 -98.7% Highest Price $7,250,000 $9,700,000 33.8% Properties Sold 12 8 -33.3% % Sold Price to List Price 96.66% 99.07% 2.5% January through December 2021 2022 % Change Average Sold Price $4,714,016 $6,228,393 32.1% Average Price per Square Foot $2,169 $2,506 15.5% Average Days on Market 137 85 -38.0% Highest Price $34,000,000 $29,000,000 -14.7% Properties Sold 119 47 -60.5% % Sold Price to List Price 96.18% 97.12% 1.0% All Properties January through December 2021 2022 % Change Average Sold Price $3,528,612 $4,598,885 30.33% Average Price per Square Foot $1,719 $1,998 16.2% Average Days on Market 184 58 -68.5% Highest Price $12,450,000 $30,875,000 148.0% Properties Sold 66 35 -47.0% % Sold Price to List Price 95.61% 98.21% 2.7% CASCADE LIONSHEAD VAIL VILLAGE

54.2%

The average days on market in West Vail decreased by 54.2% January through December 2022 compared to that of 2021.

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

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

Meadows ALL OTHER VAIL AREAS MINTURN All Properties January through December 2021 2022 % Change Average Sold Price $914,678 $1,301,083 42.2% Average Price per Square Foot $458 $701 53.1% Average Days on Market 125 31 -75.2% Highest Price $2,175,000 $2,400,000 10.3% Properties Sold 14 18 28.6% % Sold Price to List Price 97.92% 97.31% -0.6% January through December 2021 2022 % Change Average Sold Price $1,456,498 $1,793,522 23.1% Average Price per Square Foot $661 $835 26.3% Average Days on Market 107 49 -54.2% Highest Price $4,450,000 $5,350,000 20.2% Properties Sold 53 40 -24.5% % Sold Price to List Price 98.26% 96.46% -1.8%

January through December 2021 2022 % Change Average Sold Price $2,351,256 $1,994,360 -15.2% Average Price per Square Foot $780 $896 14.9% Average Days on Market 125 44 -64.8% Highest Price $22,500,000 $5,350,000 -76.2% Properties Sold 62 50 -19.4% % Sold Price to List Price 97.15% 99.50% 2.4%

16.3%

The average sold price in Beaver Creek increased by 16.3% January through December 2022 compared to that of 2021.

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 December 2021 2022 % Change Average Sold Price $1,901,927 $2,522,821 32.6% Average Price per Square Foot $989 $1,336 35.1% Average Days on Market 90 38 -57.8% Highest Price $7,602,000 $7,800,000 2.6% Properties Sold 130 82 -36.9% % Sold Price to List Price 97.51% 98.25% 0.8% January through December 2021 2022 % Change Average Sold Price $2,536,143 $2,950,672 16.3% Average Price per Square Foot $973 $1,308 34.4% Average Days on Market 118 53 -55.1% Highest Price $10,950,000 $10,200,000 -6.8% Properties Sold 155 92 -40.6% % Sold Price to List Price 97.17% 98.21% 1.1% Single Family Homes January through December 2021 2022 % Change Average Sold Price $5,834,067 $6,459,050 10.7% Average Price per Square Foot $894 $1,079 20.7% Average Days on Market 267 175 -34.5% Highest Price $10,950,000 $10,200,000 -6.8% Properties Sold 25 10 -60.0% % Sold Price to List Price 95.40% 97.82% 2.5% BEAVER CREEK BEAVER CREEK BEAVER CREEK

22.7%

The average price per square foot in Bachelor Gulch increased by 22.7% January through December 2022 compared to that of 2021.

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 December 2021 2022 % Change Average Sold Price $2,972,932 $3,963,264 33.3% Average Price per Square Foot $1,216 $1,530 25.8% Average Days on Market 101 24 -76.2% Highest Price $6,600,000 $6,432,000 -2.5% Properties Sold 37 17 -54.1% % Sold Price to List Price 96.28% 97.11% 0.9% January through December 2021 2022 % Change Average Sold Price $4,842,337 $5,587,820 15.4% Average Price per Square Foot $1,175 $1,442 22.7% Average Days on Market 127 27 -78.7% Highest Price $16,000,000 $11,750,000 -26.6% Properties Sold 54 25 -53.7% % Sold Price to List Price 96.28% 97.10% 0.9% Single Family Homes January through December 2021 2022 % Change Average Sold Price $8,911,044 $9,040,000 1.4% Average Price per Square Foot $1,086 $1,255 15.6% Average Days on Market 182 36 -80.2% Highest Price $16,000,000 $11,750,000 -26.6% Properties Sold 17 8 -52.9% % Sold Price to List Price 96.27% 97.08% 0.8%

43.3%

The average days on market in Arrowhead decreased by 43.3% January through December 2022 compared to that of 2021.

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.

All Properties Condominiums, Townhomes, Duplexes and Triplexes January through December 2021 2022 % Change Average Sold Price $2,042,277 $2,145,984 5.1% Average Price per Square Foot $882 $1,111 26.0% Average Days on Market 40 9 -77.5% Highest Price $4,200,000 $4,950,000 17.9% Properties Sold 45 32 -28.9% % Sold Price to List Price 99.45% 100.39% 0.9% January through December 2021 2022 % Change Average Sold Price $2,685,859 $3,489,297 29.9% Average Price per Square Foot $843 $1,065 26.3% Average Days on Market 60 34 -43.3% Highest Price $10,605,750 $15,500,000 46.1% Properties Sold 61 47 -23.0% % Sold Price to List Price 98.65% 99.60% 1.0% Single Family Homes January through December 2021 2022 % Change Average Sold Price $4,501,559 $6,355,033 41.2% Average Price per Square Foot $733 $968 32.1% Average Days on Market 118 88 -25.4% Highest Price $10,605,750 $15,500,000 46.1% Properties Sold 16 15 -6.3% % Sold Price to List Price 96.40% 97.80% 1.5% ARROWHEAD ARROWHEAD 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.

36.2%

The average sold price in Wildridge/Wildwood increased by 36.2% January through December 2022 compared to that of 2021.

MOUNTAIN STAR All Properties WILDRIDGE/WILDWOOD EAGLEVAIL & AVON All Properties January through December 2021 2022 % Change Average Sold Price $917,069 $1,137,823 24.1% Average Price per Square Foot $659 $827 25.5% Average Days on Market 33 24 -27.3% Highest Price $3,975,000 $6,496,000 63.4% Properties Sold 259 192 -25.9% % Sold Price to List Price 99.92% 99.96% 0.0% January through December 2021 2022 % Change Average Sold Price $7,034,750 $10,100,000 43.6% Average Price per Square Foot $819 $1,315 60.6% Average Days on Market 470 152 -67.7% Highest Price $11,000,000 $20,250,000 84.1% Properties Sold 10 6 -40.0% % Sold Price to List Price 95.49% 94.38% -1.2% All Properties January through December 2021 2022 % Change Average Sold Price $1,187,602 $1,617,672 36.2% Average Price per Square Foot $451 $567 25.7% Average Days on Market 25 40 60.0% Highest Price $3,250,000 $4,425,000 36.2% Properties Sold 40 27 -32.5% % Sold Price to List Price 98.37% 98.09% -0.3%

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 December 2022 compared to that of 2021.

All Properties – Includes Edwards, Homestead & Riverwalk All Properties January through December 2021 2022 % Change Average Sold Price $3,641,909 $9,013,333 147.5% Average Price per Square Foot $659 $1,373 108.3% Average Days on Market 75 133 77.3% Highest Price $7,345,000 $40,000,000 444.6% Properties Sold 11 9 -18.2% % Sold Price to List Price 89.48% 96.47% 7.8% January through December 2021 2022 % Change Average Sold Price $1,052,565 $1,046,113 -0.6% Average Price per Square Foot $498 $618 24.1% Average Days on Market 23 22 -4.3% Highest Price $5,200,000 $3,709,718 -28.7% Properties Sold 108 80 -25.9% % Sold Price to List Price 100.27% 100.70% 0.4% All Properties January through December 2021 2022 % Change Average Sold Price $1,508,906 $2,160,666 43.2% Average Price per Square Foot $538 $615 14.3% Average Days on Market 36 26 -27.8% Highest Price $3,900,000 $4,600,000 17.9% Properties Sold 48 39 -18.8% % Sold Price to List Price 97.53% 92.86% -4.8% EDWARDSLAKE CREEK EDWARDSSINGLETREE EDWARDSHOMESTEAD

The average days on market in Cordillera Ranch, Cordillera Divide, Cordillera Summit, and the Cordillera Valley Club decreased by 12.5% January through December 2022 compared to that of 2021.

CORDILLERA & VALLEY CLUB

Creek CORDILLERA January through December 2021 2022 % Change Average Sold Price $3,077,631 $4,103,065 33.3% Average Price per Square Foot $600 $737 22.8% Average Days on Market 64 56 -12.5% Highest Price $6,500,000 $11,000,000 69.2% Properties Sold 75 41 -45.3% % Sold Price to List Price 97.94% 97.07% -0.9%

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

Creek January through December 2021 2022 % Change Average Sold Price $2,909,428 $3,932,937 35.2% Average Price per Square Foot $527 $705 33.8% Average Days on Market 54 57 5.6% Highest Price $6,500,000 $11,000,000 69.2% Properties Sold 58 37 -36.2% % Sold Price to List Price 97.65% 97.20% -0.5%

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

12.5%

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 December 2021 2022 % Change Average Sold Price $783,329 $985,112 25.8% Average Price per Square Foot $335 $401 19.7% Average Days on Market 28 29 3.6% Highest Price $3,725,000 $5,100,000 36.9% Properties Sold 342 293 -14.3% % Sold Price to List Price 100.23% 100.12% -0.1% EAGLE & GYPSUM

January through December 2021 2022 % Change Average Sold Price $3,651,500 $5,676,750 55.5% Average Price per Square Foot $850 $1,031 21.3% Average Days on Market 100 55 -45.0% Highest Price $5,078,000 $7,450,000 46.7% Properties Sold 17 4 -76.5% % Sold Price to List Price 98.94% 95.81% -3.2%