Vail Valley Year End, 2016 Micro Market Report

LIV

MICRO MARKET REPORTS

VAIL VALLEY | 2016

373 Strawberry Park Road, Beaver Creek

C O LO R A D O M I C R O R E P O RTS .C O M

VAIL VALLEY NEIGHBORHOODS

Beaver Creek & Vail

19

17 18

16

14 15

12 13

10

11 9

5

8

4

3

2

1

7

6

1. East Vail

11. Bachelor Gulch

2. Vail Golf Course & Spraddle Creek

12. Wildridge/Wildwood

3. Vail Village

13. Arrowhead

4. Lionshead

14. Edwards - Singletree

5. West Vail & Cascade

15. Edwards & Homestead

6. Minturn

16. Edwards - Lake Creek Valley

7. Eagle-Vail

17. Cordillera Valley Club

8. Avon

18. Cordillera

9. Beaver Creek

19. Eagle, Eagle Ranch, Brush Creek & Gypsum

10. Mountain Star

MICROMARKET REPORT | VAIL VALLEY 2016 | 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.

VAIL VALLEY 2016 Highlights:

In the resort mountain residential market of Eagle County and the Vail Valley, we have seen a number of eye-popping transactions in Vail and Beaver Creek. The name of the game continues to be “turnkey” homes in ready to move in shape. A number of good values in Beaver Creek seem to be attracting more attention, both in condos and homes. The middle of the market across the Vail Valley is experiencing lower inventory and limited newer product, and the mid-valley markets have seen robust activity with local buyers and entry level second home purchaser’s.

• Singletree’s average price is $1,060,400 – up 25.1% • Wildridge/Wildwood’s average price is $808,304 – up 3.3% • Lionhead’s average price is $2,235,756– up 21.9% • Bachelor Gulch’s average price is $3,002,919 – up 45.4%

1,368

The Vail Valley Micro Market Report (MMR), prepared by LIV Sotheby’s International Realty, compares 2016 statistics (January through December), to that of 2015, for single family homes and attached dwellings. The number of single family homes and condos sold rose to 1,368 combined, a 8.0% increase year-over-year, with average days on market decreasing 2.6% to 147 from 2015.

homes sold for an average of

$1,088,230

Across the board, days on market are dropping (now 147days on average), and the sales price to list price ratio is holding at 94.0% throughout the Vail Valley. This statistic is evidence of continued competitive conditions in the marketplace.

EAGLE COUNTY

or, $1,379,258,108 total dollar volume sold.

All Properties

January through December

2015

2016

% Change

Sold Listings (All Properties)

1,267

1,368

8.0%

Sold Single Family

439

469

6.8%

Sold Condos/Townhomes/Duplexes

828

899

8.6%

151

147

-2.6%

$1,085,744

$1,088,230

0.2%

94.0%

94.0%

0.0%

$1,371,294,169

$1,379,258,108

0.6%

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

MICROMARKET REPORT | VAIL VALLEY 2016 | 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 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.

VAIL VALLEY MARKET | MARKETS BY AREA

1860 Cresta Road, Arrowhead

ARROWHEAD

All Properties

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

ARROWHEAD

2015

2016

% Change

$1,937,760

$1,575,886

-18.7%

$562

$556

-1.1%

190

151

-20.5%

$6,400,000

$6,600,000

3.1%

67

42

-37.3%

94.3%

95.3%

1.1%

2015

2016

% Change

$3,286,733

$3,376,714

2.7%

$592

$598

1.0%

219

226

3.2%

$6,400,000

$6,600,000

3.1%

26

7

-73.1%

93.4%

92.8%

-0.6%

2015

2016

% Change

$1,082,313

$1,215,720

12.3%

$543

$547

0.7%

172

136

-20.9%

$2,350,000

$2,750,000

17.0%

41

35

-14.6%

94.3%

95.4%

1.2%

Single Family

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

ARROWHEAD Condos/Townhomes/Duplexes January through December Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price

MICROMARKET REPORT | VAIL VALLEY 2016 | 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.

VAIL VALLEY MARKET | MARKETS BY AREA

2150 Daybreak Ridge, Bachelor Gulch

BACHELOR GULCH

All Properties

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

BACHELOR GULCH

2015

2016

% Change

$2,064,619

$3,002,919

45.4%

$864

$848

-1.9%

212

302

42.5%

$10,250,000

$8,350,375

-18.5%

37

31

-16.2%

97.8%

94.9%

-3.0%

2015

2016

% Change

$9,848,750

$6,366,313

-35.4%

$974

$798

-18.1%

622

392

-37.0%

$10,250,000

$8,350,375

-18.5%

2

6

200.0%

92.1%

93.7%

1.8%

2015

2016

% Change

$1,366,950

$1,462,228

7.0%

$686

$726

5.8%

255

294

15.3%

$6,700,000

$6,735,000

0.5%

62

85

37.1%

94.9%

94.9%

0.0%

Single Family

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

BACHELOR GULCH Condos/Townhomes/Duplexes January through December Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price

MICROMARKET REPORT | VAIL VALLEY 2016 | 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.

VAIL VALLEY MARKET | MARKETS BY AREA

45 Red Spruce Lane, Beaver Creek

BEAVER CREEK

All Properties

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

BEAVER CREEK

2015

2016

% Change

$2,067,999

$1,784,569

-13.7%

$699

$729

4.3%

295

299

1.4%

$10,100,000

$8,475,000

-16.1%

77

96

24.7%

92.8%

94.3%

1.6%

2015

2016

% Change

$4,965,667

$4,275,386

-13.9%

$753

$752

-0.1%

456

342

-25.0%

$10,100,000

$8,475,000

-16.1%

15

11

-26.7%

87.9%

92.0%

4.6%

2015

2016

% Change

$1,366,950

$1,462,228

7.0%

$686

$726

5.8%

255

294

15.3%

$6,700,000

$6,735,000

0.5%

62

85

37.1%

94.9%

94.9%

0.0%

Single Family

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

BEAVER CREEK Condos/Townhomes/Duplexes January through December Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price

MICROMARKET REPORT | VAIL VALLEY 2016 | 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.

VAIL VALLEY MARKET | MARKETS BY AREA

45 Graham Road, Edwards

CORDILLERA & CORDILLERA VALLEY CLUB January through December Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price

CORDILLERA

All Properties

2015

2016

% Change

$1,852,225

$1,790,927

-3.3%

$343

$333

-2.9%

326

385

18.1%

$3,850,000

$3,690,000

-4.2%

44

44

0.0%

90.2%

93.5%

3.7%

2015

2016

% Change

$1,818,982

$1,735,397

-4.6%

$327

$322

-1.5%

354

398

12.4%

$3,850,000

$3,690,000

-4.2%

34

36

5.9%

89.6%

91.4%

2.1%

2015

2016

% Change

$1,965,250

$2,040,813

3.8%

$396

$383

-3.3%

230

323

40.4%

$2,475,000

$2,800,000

13.1%

10

8

-20.0%

93.3%

97.7%

4.7%

All Properties

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

CORDILLERA VALLEY CLUB All Properties January through December Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price

MICROMARKET REPORT | VAIL VALLEY 2016 | 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.

VAIL VALLEY MARKET | MARKETS BY AREA

1548 Via La Favorita, Edwards

EDWARDS & HOMESTEAD

All Properties

January through December Average Price Average Price per Square Foot

2015

2016

% Change

$548,735

$642,230

17.0%

$284

$319

12.3%

75

90

20.0%

$1,775,000

$2,550,000

43.7%

99

117

18.2%

96.2%

96.4%

0.2%

Average Days on Market Highest Price Properties Sold % Sold Price to List Price

EDWARDS - LAKE CREEK VALLEY January through December Average Price Average Price per Square Foot Average Days on Market Highest Price

All Properties

2015

2016

% Change

$2,120,986

$3,556,000

67.7%

$433

$400

-7.6%

230

817

255.2%

$4,910,000

$5,500,000

12.0%

7

3

-57.1%

93.3%

86.1%

-7.7%

2015

2016

% Change

$847,380

$1,060,400

25.1%

$319

$320

0.3%

101

115

13.9%

$1,700,000

$2,475,000

45.6%

46

60

30.4%

95.4%

94.8%

-0.6%

Properties Sold % Sold Price to List Price

EDWARDS - SINGLETREE All Properties January through December Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price

MICROMARKET REPORT | VAIL VALLEY 2016 | 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.

VAIL VALLEY MARKET | MARKETS BY AREA

4249 Nugget Lane, Vail

TOWN OF VAIL All Properties January through December Average Price

2015

2016

% Change

$1,764,305

$1,547,248

-12.3%

$817

$752

-8.0%

227

204

-10.1%

$15,750,000

$17,500,000

11.1%

294

291

-1.0%

94.1%

93.1%

-1.1%

2015

2016

% Change

$715,285

$793,888

11.0%

$469

$484

3.2%

80

114

42.5%

$3,450,000

$3,700,000

7.2%

75

84

12.0%

93.1%

95.0%

2.0%

2015

2016

% Change

$1,078,080

$1,277,048

18.5%

$480

$542

12.9%

130

189

45.4%

$4,125,000

$6,475,000

57.0%

50

47

-6.0%

94.7%

95.3%

0.5%

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

EAST VAIL

All Properties

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

WEST VAIL & CASCADE All Properties January through December Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price

MICROMARKET REPORT | VAIL VALLEY 2016 | 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.

VAIL VALLEY MARKET | MARKETS BY AREA

483 Beaver Dam Road, Vail

VAIL VILLAGE

All Properties

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

LIONSHEAD

2015

2016

% Change

$4,234,548

$2,885,588

-31.9%

$1,622

$1,521

-6.2%

434

338

-22.1%

$15,750,000

$13,500,000

-14.3%

57

40

-29.8%

93.6%

91.8%

-1.9%

2015

2016

% Change

$1,908,322

$2,325,756

21.9%

$1,196

$1,263

5.6%

431

352

-18.3%

$7,000,000

$17,500,000

150.0%

45

36

-20.0%

93.9%

91.3%

-2.8%

All Properties

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

VAIL GOLF COURSE & SPRADDLE CREEK All Properties January through December Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price

2015

2016

% Change

$1,476,563

$2,557,235

73.2%

$623

$726

16.5%

263

405

54.0%

$2,900,000

$14,692,500

406.6%

8

17

112.5%

94.6%

92.6%

-2.1%

MICROMARKET REPORT | VAIL VALLEY 2016 | 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.

VAIL VALLEY MARKET | MARKETS BY AREA

201 Borders Road, Avon

ALL OTHER VAIL AREAS

Booth Creek, Highland Meadows, Potato Ranch, Sandstone Lionsridge, Valley Ridge at Vail January through December Average Price Average Price per Square Foot

2015

2016

% Change

$1,275,356

$1,207,723

-5.3%

$493

$506

2.6%

150

119

-20.7%

$6,900,000

$4,675,000

-32.2%

68

67

-1.5%

93.5%

93.4%

-0.1%

Average Days on Market Highest Price Properties Sold % Sold Price to List Price

EAGLE-VAIL, AVON & WILDRIDGE January through December Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price

All Properties

2015

2016

% Change

$521,853

$584,078

11.9%

$338

$384

13.6%

94

111

18.1%

$1,535,000

$2,204,500

43.6%

208

275

32.2%

95.6%

96.0%

0.4%

EAGLE, EAGLE RANCH, BRUSH CREEK & GYPSUM All Properties January through December Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price

2015

2016

% Change

$461,470

$473,720

2.7%

$203

$213

4.9%

72

61

-15.3%

$2,050,000

$1,400,000

-31.7%

264

262

-0.8%

95.8%

96.9%

1.1%

MICROMARKET REPORT | VAIL VALLEY 2016 | 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.

VAIL VALLEY MARKET | MARKETS BY AREA

56 Rose Crown, Mountain Star

MINTURN

All Properties

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

MOUNTAIN STAR

2015

2016

% Change

$666,131

$722,835

8.5%

$402

$309

-23.1%

108

182

68.5%

$1,599,000

$1,640,000

2.6%

16

13

-18.8%

95.5%

93.6%

-2.0%

2015

2016

% Change

$6,081,667

$3,450,000

-43.3%

$742

$521

-29.8%

407

250

-38.6%

$7,450,000

$3,450,000

-53.7%

3

1

-66.7%

91.3%

86.4%

-5.4%

2015

2016

% Change

$782,215

$808,304

3.3%

$280

$301

7.5%

119

115

-3.4%

$1,535,000

$1,870,000

21.8%

31

33

6.5%

94.8%

96.2%

1.5%

All Properties

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

WILDRIDGE/WILDWOOD All Properties January through December Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price

MICROMARKET REPORT | VAIL VALLEY 2016 | 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.

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