THE SLIFER REPORT
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Slifer Smith & Frampton
A LETTER FROM OUR PRESIDENT
As we write the mid-year Slifer Report, we are in the midst of yet another amazing summer in the Vail Valley Looking back to the start of the year, the market commenced 2024 with approximately 316 available residential properties in the MLS; the steady demand over the winter in conjunction with the constrained inventory equated to a 3 to 4 month supply which is typically considered a Seller?s market. However, the market dynamics thus far in 2024 are far more nuanced than the boom yearsof 2021-22 Buyersin the first half of the year carefully weighed the condition of the property against comparable sold dataand Sellersof newer or updated properties priced to the market enjoyed steady, and in some cases, robust demand While still constrained by historical standards,asof thiswriting thenumber of availablelistingsis currently at the highest it has been in a number of years, which is a positive development for themarket
In terms of the first half?s sold dollar volume it is notable that the market is up 28% over the same period in 2023with just over $1.1billion transacted. The main driver was the absorptionof luxurymarket of propertiespriced above$4 million;thissegment of themarket wasup 25%over thepreviousyear Contextually it isimportant to notethat closings at One Riverfront and Frontgate, new developments in Avon, accounted for approximately 20%of the first half of the year?sdollar volume The evolving dynamics observed thus far in 2024 underscore both challenges and opportunities for prospectivebuyersandsellersalike.
At Slifer Smith & Frampton, we take pride in leading the way in Vail Valley real estate, holding thenumber one position in brokeragesalesoverall and in theluxury market In 2024 we aim to maintain thislong-held position and further strengthen our tiesto the communities across the state where our teams live and work. Our robust network of real estate officesfrom Aspen to the Front Range, combined with our commitment to locally-run, locally-focused real estate, has positioned us as the number one independent real estate company in Colorado I encourage you to explore thismidyear editionof TheSlifer Report andto delveinto thedetailsof your specific market area
If you have any questionsabout the datapresented here or how it relates to your real estate goals, please don't hesitate to reach out to your Slifer Smith & Frampton broker
MATT
FITZGERALD
Vail Valley Market President
COLORADO'S REAL ESTATE COMPANY
world-class agents across Colorado
dedicated & local support staff
sales volume since 2020 100% Colorado owned & operated
Colorado's
OUR MARKET SHARE
SALES VOLUME COMPARISON | SSF MARKET SHARE
LUXURY SALES VOLUME COMPARISON | SSF MARKET SHARE
Residential Sales Over $4 Million
SALES VOLUME COMPARISON
TRANSACTION COMPARISON
RESIDENTIAL AVERAGE SALES
PRICE COMPARISON ACTIVE INVENTORY BY MONTH
LUXURY OVERVIEW
Residential Sales Over $4 Million
LUXURY SALES VOLUME COMPARISON
LUXURY TRANSACTION COMPARISON
VAIL VILLAGE & LIONSHEAD
SINGLE FAMILY & DUPLEX
& TOWNHOME
SALES VOLUME COMPARISON $18.7M highest sale SSFrepresented thebuyer AREA highlights #1 IN MARKET SHARE $4.86M averagesold price, a16%increase over 2023
VAIL GOLF COURSE, SPRADDLE CREEK & CASCADE
SINGLE FAMILY & DUPLEX
$1,649 averagesold price per squarefoot
$5.36M averagesold price, a20%increase over 2023
CONDOMINIUM & TOWNHOME
SALES VOLUME COMPARISON
AVERAGE PRICE PER SQUARE FOOT
SALE VS. LIST PRICE COMPARISON
EAST VAIL & BOOTH CREEK
SINGLE FAMILY & DUPLEX
AREA highlights $1,154 averagesold price per squarefoot, an 11%increase over 2023
& TOWNHOME
$2M averagesold price, a19%increase over 2023
SALES VOLUME COMPARISON
WEST VAIL, SANDSTONE & LIONSRIDGE
SINGLE FAMILY & DUPLEX
$1,015 averagesold price per squarefoot,a 20%increaseover 2023 $2.24M averagesold price, a46%increase over 2023
CONDOMINIUM & TOWNHOME
MLS Areas: Potato Patch, Sandstone Lionsridge, Buffehr Creek, West Vail North, Highland Meadows, West Vail South #1 IN MARKET
AVERAGE PRICE PER SQUARE FOOT
SINGLE FAMILY & DUPLEX
CONDOMINIUM & TOWNHOME
$792 averagesold price per squarefoot,a 33%increaseover 2023 $1.57M averagesold price
SALES VOLUME COMPARISON
SINGLE FAMILY & DUPLEX
CONDOMINIUM & TOWNHOME
PRICE
SINGLE FAMILY & DUPLEX
CONDOMINIUM & TOWNHOME
$4.795M highest sale SSFrepresented thebuyerandseller
#1 IN MARKET SHARE
COMPARISON $1,204 averagesold price per squarefoot,a 16%increaseover 2023
2024 NOTABLE SALES
As a founding member, Slifer Smith & Frampton is proud to represent Forbes Global Properties from Aspen to the Front Range This powerful, global, network of top-tier independent brokerages gives our agents, and our clients, exclusive access to an invaluable network of the world's finest homes and the agents representing them.
In 2024 our membership with Forbes Global Properties brought some incredible Vail Valley homes to a global audience
MOUNTAIN STAR | $8,000,000 18 ROSE CROWN
Represented the Seller
VAIL VILLAGE | $18,000,000
298 ROCKLEDGE ROAD
Represented the Seller
Here are some of our most notable sales of the year so far.
ARROWHEAD | $7,200,000
83 EAGLE RIVER ROAD
Represented the Buyer & Seller
VAIL VILLAGE | $7,495,000 TALISMAN CONDO 350
Represented the Seller
POTATO PATCH | $7,000,000
805 POTATO PATCH DRIVE
Represented the Seller
BACHELOR GULCH | $12,600,000 RITZ CARLTON TH 1008
Represented the Buyer & Seller
$942 averagesold price per squarefoot,a 27.5%increase over 2023
$8M highest sale SSFrepresented theseller
SINGLE FAMILY & DUPLEX
SALES VOLUME COMPARISON
SINGLE FAMILY & DUPLEX
$1,529 averagesold price per squarefoot,a 7%increaseover 2023
& TOWNHOME
#1 IN MARKET SHARE
VOLUME COMPARISON $10.5M highest sale SSFrepresentedthe buyerandseller
BACHELOR GULCH
SINGLE FAMILY & DUPLEX
$14M highest sale SSFrepresented theseller
COMPARISON $7.38M averagesold price, a39%increase over 2023
CONDOMINIUM & TOWNHOME
AVERAGE PRICE PER SQUARE FOOT
SINGLE FAMILY & DUPLEX
& TOWNHOME
#1 IN MARKET SHARE $1,166 averagesold price per squarefoot,a 1%increaseover 2023 $7.2M highest sale SSFrepresentedthe buyerandseller
EDWARDS & HOMESTEAD
$737 averagesold price per squarefoot,a 10%increaseover 2023
$1.53M averagesold price, a19%increase over 2023
MLS Areas: Edwards, Riverwalk, Homestead #1 IN MARKET SHARE
SINGLE FAMILY & DUPLEX
SALES VOLUME COMPARISON
CONDOMINIUM & TOWNHOME
AVERAGE PRICE PER SQUARE FOOT
LAKE CREEK VALLEY
SINGLE FAMILY & DUPLEX
SINGLE FAMILY & DUPLEX
$812 averagesold price per squarefoot, an11%increase over 2023
$2.26M averagesold price, a21%increase over 2023 #1 IN MARKET SHARE
CONDOMINIUM & TOWNHOME
SALES VOLUME COMPARISON
AVERAGE PRICE PER SQUARE FOOT
CORDILLERA, TIMBER SPRINGS & COLOROW SQUAW CREEK
SINGLE FAMILY & DUPLEX
$840
averagesold price per squarefoot,a 34%increaseover 2023
$5.4M averagesold price, a68%increase over 2023
SINGLE FAMILY & DUPLEX
SALES VOLUME COMPARISON
AVERAGE PRICE PER SQUARE FOOT
SINGLE FAMILY &
& TOWNHOME
EAGLE & EAGLE RANCH
MLS Areas: Eagle, Eagle Ranch, Brush Creek Valley, Frost Creek $507 averagesold price per squarefoot,a 6%increaseover 2023
$1.37M averagesold price, a3%increaseover 2023
#1 IN MARKET SHARE
GYPSUM & COTTON RANCH
MLS Areas: Gypsum, Cotton Ranch/Chatfield Corners, Gypsum Valley Brightwater Club
SINGLE FAMILY & DUPLEX
$446 averagesold price per squarefoot, an11%increase over 2023
$850K averagesold price, a17%increase over 2023
CONDOMINIUM & TOWNHOME
SALES VOLUME COMPARISON
AVERAGE PRICE PER SQUARE FOOT
NEW DEVELOPMENT REVIEW
NEW DEVELOPMENT SPOTLIGHT
Weareproudto betheonlybrokerageinColorado withafull divisiondedicated to bringingnewdevelopmentsto market.Our end-to-endservicecontinuedto deliver in thepast year,creatingmorenewhomesinour communitiesthanever before
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