MICROMARKET REPORT |
Vail Valley • January-September 2018
VAIL VALLEY NEIGHBORHOODS 1.
East Vail
2.
Vail Golf Course & Spraddle Creek
3.
Vail Village
4. Lionshead 5.
West Vail & Cascade
6. Minturn 7. Eagle-Vail
19
8. Avon 17 18
16
14 15
12 13
10
11 9
5
8 7
6
4
3
2
1
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 19.
Eagle, Eagle Ranch, Brush Creek & Gypsum
Pictured on cover: 62 Beaver Creek Drive, Beaver Creek
coloradomicroreports.com
VAIL VALLEY market update The benefits of living in the Vail Valley are endless, including year-round activities, a tight-knit community feel, high-end shopping and dining, and spectacular mountain views. Attracting buyers from around the world, the Vail Valley’s luxury housing market continues to deliver positive results moving into the 4th quarter of 2018. Demand for real estate in the Vail Valley continues to rise, with decreased
EAGLE COUNTY
average days on market by 11.1% in 2018, compared to January through September of 2017, and increased average price by 11.5% to $1,237,349.
January through September
Total dollar volume sold for all properties also increased by 9.8% in
Sold Listings (All Properties)
January through September of 2018, compared to 2017. For sellers,
2017
2018
% Change
1,010
994
-1.6%
Sold Single Family
361
366
1.4%
now is an ideal time to list your property in the Vail Valley with buyers
Sold Condos/TH/DP
649
628
-3.2%
spending more and inventory lowering.
Average Days on Market
126
112
-11.1%
$1,109,455
$1,237,349
11.5%
94.4%
94.4%
-0.1%
$1,120,549,876
$1,229,924,606
9.8%
Average Price
Highlights for the Vail Valley include a 20% increase in average price of
% Sold Price to List Price
single-family homes in Beaver Creek and a 26.2% increase of highest
Total Dollar Volume Sold
price single-family home sold in Beaver Creek at $13.5 million in 2018.
All Properties
The Town of Vail saw a 19.3% increase in average price for all properties January through September 2018 compared to 2017, and nearby East Vail saw a 28% increase in average price for all properties as well. Vail Golf Course/Spraddle Creek reported extremely notable increases for January through September 2018 compared to 2017 with a 188.7% increase in average price and a 219% increase in highest price for all properties. The highest price for Vail Golf Course/Spraddle Creek January through September 2018 is $18,500,000. LIV Sotheby’s International Realty represented a significant sale of $23,000,000 of a ski-in/ski-out single-family residence in the Vail Valley. This impressive sale, as well as the noted growth in 2018, serve as a testament to the strength of the Vail Valley real estate market.
livsothebysrealty.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 nor is in any way responsible for its accuracy. Data maintained by Vail Board of Realtors® may not reflect all real estate activity in the market.
MICROMARKET REPORT | Vail Valley JANUARY- SEPTEMBER 2018 • COLORADOMICROREPORTS.COM
ARROWHEAD January through September
2017
2018
Average Price
$1,542,517
$1,636,354
6.1%
$550
$590
7.3%
142
104
-26.8%
$3,650,000
$4,150,000
13.7%
36
28
-22.2%
95.6%
95.6%
0.0%
Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
% Change
Arrowhead, the western-most village of Beaver Creek, offers skiers quick access to beginner and intermediate terrain on Beaver Creek Mountain.
All Properties
ARROWHEAD January through September Average Price
2017
$2,893,571
12.7%
$533
$539
1.1%
321
144
-55.1%
$3,650,000
$4,150,000
13.7%
8
7
-12.5%
97.4%
95.2%
-2.3%
Average Days on Market
Properties Sold % Sold Price to List Price
% Change
$2,568,297
Average Price per Square Foot
Highest Price
2018
Single Family Homes 144 Castle Peak Gate, Arrowhead
ARROWHEAD January through September Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price Condos, Townhomes, Duplexes
2017
2018
% Change
$1,249,438
$1,217,281
-2.6%
$555
$606
9.2%
91
91
0.0%
$2,675,000
$2,500,000
-6.5%
28
21
-25.0%
95.3%
96.6%
1.4%
9.2%
The average price per square foot for condos, townhomes, and duplexes in Arrowhead increased by 9.2% January through September 2018 compared to that of 2017.
coloradomicroreports.com
BACHELOR GULCH January through September Average Price
2017
$2,099,000
-51.0%
$942
$869
-7.7%
306
190
-37.9%
$13,400,000
$5,250,000
-60.8%
23
11
-52.2%
95.1%
92.5%
-2.8%
Average Days on Market
Properties Sold % Sold Price to List Price
% Change
$4,280,326
Average Price per Square Foot
Highest Price
2018
All Properties 2291 Daybreak Ridge Road, Bachelor Gulch
BACHELOR GULCH Charmingly tucked away between Beaver Creek and Arrowhead, Bachelor Gulch offers private mountainside living and access to a five-star luxury resort-hotel, The Ritz-Carlton, Bachelor Gulch.
January through September
2017
Average Price
$9,020,714
$2,200,000
-75.6%
$1,035
$608
-41.3%
347
389
12.1%
$13,400,000
$2,200,000
-83.6%
7
1
-85.7%
96.4%
77.2%
-19.9%
Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2018
% Change
Single Family Homes
BACHELOR GULCH January through September Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2017
2018
% Change
$2,206,406
$2,088,900
-5.3%
$901
$895
-0.7%
289
170
-41.2%
$5,480,000
$5,250,000
-4.2%
16
10
-37.5%
93.8%
93.5%
-0.3%
Condos, Townhomes, Duplexes 3243 Daybreak Ridge Road, Bachelor Gulch
MICROMARKET REPORT | Vail Valley livsothebysrealty.com
JANUARY- SEPTEMBER 2018 • COLORADOMICROREPORTS.COM
BEAVER CREEK January through September Average Price
2017
$2,383,119
10.3%
$790
$766
-3.0%
231
218
-5.6%
$10,700,000
$13,500,000
26.2%
62
87
40.3%
95.6%
94.3%
-1.3%
Average Days on Market
Properties Sold % Sold Price to List Price
% Change
$2,159,894
Average Price per Square Foot
Highest Price
2018
Beaver Creek ski area is located on National Forest System lands. Prior to construction, all lifts, trails, and facilities must be approved by the Forest Service.
All Properties
BEAVER CREEK January through September
2017
Average Price
$4,854,167
$5,825,933
20.0%
$686
$740
7.9%
235
345
46.8%
$10,700,000
$13,500,000
26.2%
6
15
150.0%
95.0%
93.8%
-1.3%
Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2018
% Change
26.2%
January through September 2018, the highest sold price for single family homes in Beaver Creek increased by 26.2% compared to that of 2017.
Single Family Homes
BEAVER CREEK January through September
2017
Average Price
$1,871,221
$1,665,866
-11.0%
$802
$771
-3.9%
231
191
-17.3%
$6,200,000
$7,500,000
21.0%
56
72
28.6%
95.7%
94.9%
-0.9%
Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2018
% Change
Condos, Townhomes, Duplexes 136 Holden Road, Beaver Creek
coloradomicroreports.com
6.9%
The average price per square foot in Cordillera and Cordillera Valley Club increased by 6.9% January through September 2018 compared to that of 2017.
CORDILLERA/VALLEY CLUB January through September
2017
2018
Average Price
$1,707,485
$1,765,983
3.4%
$332
$355
6.9%
350
228
-34.9%
$3,200,000
$3,475,000
8.6%
34
30
-11.8%
93.3%
95.1%
2.0%
Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
% Change
All Properties
CORDILLERA January through September
2017
2018
Average Price
$1,659,733
$1,664,180
0.3%
$319
$340
6.6%
376
223
-40.7%
$3,200,000
$3,475,000
8.6%
30
25
-16.7%
92.6%
95.4%
3.0%
Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
% Change
All Properties 45 Graham Road, Cordillera
CORDILLERA VALLEY CLUB January through September Average Price
The Club at Cordillera offers its members an unparalleled lifestyle experience, with access to world-class golfing, exquisite dining, and lively events.
Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2017
2018
% Change
$2,065,625
$2,275,000
10.1%
$431
$430
-0.2%
152
251
65.1%
$2,500,000
$3,000,000
20.0%
4
5
25.0%
92.8%
93.3%
0.5%
All Properties
MICROMARKET REPORT | Vail Valley livsothebysrealty.com
JANUARY- SEPTEMBER 2018 • COLORADOMICROREPORTS.COM
EDWARDS & HOMESTEAD January through September Average Price
2017
$632,862
-6.9%
$374
$351
-6.1%
72
63
-12.5%
$2,598,500
$1,895,000
-27.1%
86
73
-15.1%
97.5%
95.7%
-1.8%
Average Days on Market
Properties Sold % Sold Price to List Price
% Change
$679,711
Average Price per Square Foot
Highest Price
2018
All Properties 477 Pilgrim Drive, Edwards
EDWARDS - LAKE CREEK VALLEY January through September
2017
Average Price
$1,813,571
$1,200,000
-33.8%
$424
$275
-35.1%
262
137
-47.7%
$3,650,000
$1,200,000
-67.1%
7
1
-85.7%
89.4%
89.6%
0.1%
Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2018
% Change
Positioned almost at the center of the Eagle River Valley, Edwards benefits from geography that lends well to rolling green golf courses – and receives less snow than the high peaks of the nearby ski mountains for a much more mild and sunny climate.
All Properties
EDWARDS - SINGLETREE January through September
2017
Average Price
$963,208
$1,068,508
10.9%
$364
$383
5.2%
122
99
-18.9%
$2,175,000
$2,050,000
-5.7%
36
40
11.1%
95.2%
95.7%
0.6%
Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2018
% Change
All Properties 1562 Red Draw, Edwards
coloradomicroreports.com
19.3%
January through September 2018, the average price for the Town of Vail increased by 19.3% compared to that of 2017.
TOWN OF VAIL January through September Average Price
2017
$2,323,497
19.3%
$866
$962
11.1%
168
158
-6.0%
$23,000,000
$23,000,000
0.0%
200
219
9.5%
92.6%
92.9%
0.3%
Average Days on Market
Properties Sold % Sold Price to List Price
% Change
$1,948,339
Average Price per Square Foot
Highest Price
2018
All Properties
EAST VAIL January through September Average Price
2017
$1,093,787
28.0%
$529
$585
10.6%
73
67
-8.2%
$3,750,000
$4,420,000
17.9%
57
60
5.3%
94.6%
93.7%
-1.0%
Average Days on Market
Properties Sold % Sold Price to List Price
% Change
$854,571
Average Price per Square Foot
Highest Price
2018
All Properties 4852 Meadow Lane, East Vail
WEST VAIL & CASCADE Vail sits at an elevation of 8,150 feet, receives over 335 inches of annual snowfall, and is home to one of the leading ski resorts in North America, Vail Ski Resort.
January through September
2017
2018
Average Price
$1,735,876
$1,452,755
-16.3%
$674
$552
-18.1%
131
112
-14.5%
$5,912,000
$3,950,000
-33.2%
37
40
8.1%
94.2%
95.1%
1.0%
Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
% Change
All Properties
MICROMARKET REPORT | Vail Valley livsothebysrealty.com
JANUARY- SEPTEMBER 2018 • COLORADOMICROREPORTS.COM
VAIL VILLAGE January through September Average Price Average Price per Square Foot
2017
$4,311,625
-2.7%
$1,832
$1,736
-5.2%
233
326
39.9%
$23,000,000
$23,000,000
0.0%
26
38
46.2%
93.1%
93.1%
-0.1%
Properties Sold % Sold Price to List Price
% Change
$4,433,385
Average Days on Market Highest Price
2018
46.2%
The number of propeties sold in Vail Village increased by 46.2% January through September 2018 compared to that of 2017.
All Properties
LIONSHEAD January through September Average Price Average Price per Square Foot
2017
$2,924,512
6.9%
$1,364
$1,402
2.8%
471
225
-52.2%
$12,425,000
$10,500,000
-15.5%
28
42
50.0%
90.1%
93.2%
3.5%
Properties Sold % Sold Price to List Price
% Change
$2,735,304
Average Days on Market Highest Price
2018
All Properties 728 West Lionshead Circle #625, Lionshead
VAIL GOLF COURSE/SPRADDLE CREEK January through September Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2017
2018
% Change
$2,288,700
$6,607,083
188.7%
$859
$1,165
35.6%
156
278
78.2%
$5,800,000
$18,500,000
219.0%
10
9
-10.0%
93.0%
91.5%
-1.7%
One of Vail’s most prestigious gated communities, Spraddle Creek Estates offers unparalleled views of Vail Mountain and is bordered by National Forest.
All Properties
coloradomicroreports.com
ALL OTHER VAIL AREAS January through September
2017
2018
Average Price
$1,475,863
$1,378,886
-6.6%
$559
$597
6.8%
90
53
-41.1%
$6,600,000
$5,332,500
-19.2%
42
35
-16.7%
89.7%
93.8%
4.6%
Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
% Change
Booth Creek, Highland Meadows, Potato Ranch, Sandstone Ridge, Valley Ridge at Vail 1109 Vail Valley Drive, Vail
4.9%
January through September 2018, the average price per square foot in Eagle-Vail, Avon, and Wildridge increased by 4.9% compared to that of 2017.
EAGLE-VAIL, AVON, & WILDRIDGE January through September Average Price
2017
$650,214
7.3%
$405
$425
4.9%
89
74
-16.9%
$4,306,000
$2,195,000
-49.0%
181
176
-2.8%
96.0%
96.2%
0.1%
Average Days on Market
Properties Sold % Sold Price to List Price
% Change
$605,784
Average Price per Square Foot
Highest Price
2018
All Properties
EAGLE & SURROUNDING AREAS January through September Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2017
2018
% Change
$481,201
$538,102
11.8%
$222
$241
8.6%
68
71
4.4%
$1,400,000
$2,400,000
71.4%
247
236
-4.5%
97.7%
97.3%
-0.4%
Eagle, Eagle Ranch, Brush Creek, Gypsum, & Cotton Ranch/Chatfield 101 East Foxglove Lane, Eagle
MICROMARKET REPORT | Vail Valley livsothebysrealty.com
JANUARY- SEPTEMBER 2018 • COLORADOMICROREPORTS.COM
MINTURN January through September Average Price
2017
$659,846
-6.7%
$330
$354
7.3%
110
117
6.4%
$1,575,000
$912,500
-42.1%
13
12
-7.7%
93.6%
97.0%
3.6%
Average Days on Market
Properties Sold % Sold Price to List Price
% Change
$707,547
Average Price per Square Foot
Highest Price
2018
Minturn is ideally situated in between the resort communities of Vail and Beaver Creek, and is surrounded on three sides by the White River National Forest.
All Properties
MOUNTAIN STAR January through September
2017
2018
% Change
Average Price
-
$5,425,000
-
Average Price per Square Foot
-
$620
-
Average Days on Market
-
738
-
Highest Price
-
$5,425,000
-
No Sales
1
-
-
91.2%
-
Properties Sold % Sold Price to List Price All Properties
56 Rose Crown, Mountain Star
WILDRIDGE/WILDWOOD January through September
2017
Average Price
$1,024,710
$929,122
-9.3%
$330
$319
-3.3%
117
101
-13.7%
$4,306,000
$1,750,000
-59.4%
25
39
56.0%
95.9%
96.1%
0.2%
Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2018
% Change
56.0%
The number of properties sold in Wildridge/ Wildwood increased by 56.0% January through September 2018 compared to that of 2017.
All Properties
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The life you love.
livsothebysrealty.com | coloradomicroreports.com Based on Information from Vail Board of Realtors速. This representation is based in whole or in part on data supplied by Vail Board of Realtors速. Vail Board of Realtors速 does not guarantee nor is in any way responsible for its accuracy. Data maintained by Vail Board of Realtors速 may not reflect all real estate activity in the market.