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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