The Slifer Report - 3rd Quarter 2018

THE SLIFER REPORT VAIL VALLEY REAL ESTATE 2018 3rd QUARTER MARKET REVIEW

Q3 2018 | VAIL VALLEY, COLORADO

LOCAL BRAND, LOCAL LEADERS VAIL VALLEY MARKET SHARE*

$900M $800M $700M

41%

$600M $500M

$1,049,736,362 SS F

$387,278,665 So th eb y's LI V

Ha Be rk sh ire

As so ci & rn e

Ro n

By

th aw ay

at es

$316,956,778

$95,598,571 er s Vo lk En ge l&

ia

Es ta te Re al ris

So la

Co ld we ll

Ba

nk er

0

m s

$39,532,348

$100M

Ke lle rW i ll

$33,062,000

$200M

$89,900,078

$300M

$98,116,400

$400M

As we enter the 4th quarter of 2018, we are encouraged by the overall real estate market in the Vail Valley. Residential and land sales volume topped $1 billion on July 30, 2018 which was a full 25 days sooner than hitting that threshold in 2017. The YTD residential and land sales volume is at a 10 year high of $1.3B. The most active market YTD is Gypsum single-family homes and duplexes, with 98 transactions so far in 2018. The most expensive sale of the 3rd quarter was a home in Vail Village which sold for $23M, and Vail Village and Lionshead also hold the highest average price/square foot at $2,136.

The Slifer Report offers a breakdown of each community in the Vail Valley, feel free to stop by any of our 19 office locations to discuss the market further!

Slifer Smith & Frampton Real Estate has a 54-year local perspective and over 120 seasoned Vail Valley real estate brokers. Whether you are maximizing exposure to sell your home or seeking the best values in our resort market, clients across the globe trust the Vail Valley’s leading real estate company. *Data gathered is from Land and Residential sales from 1.1.18 - 9.30.18 Source of all data is the Vail Board of Realtors, Multiple Listing Service. Information is deemed reliable but not guaranteed.

Q3 2018 SLIFER REPORT

Q3 2018 VAIL VALLEY OVERVIEW TRANSACTION VOLUME COMPARISON 500

NO. OF TRANSACTIONS

450

452

441

400 350

427 393

365

300 250 200 150 100 50 0 2014

2015

2016

2017

2018

SALES VOLUME COMPARISON $450M $400M $350M $300M $250M $200M $150M $100M $50M 0 2014

2015

2016

2017

*Data gathered is from Land and Residential sales from 7.1 through 9.30 of each year.

Q3 2018 SLIFER REPORT

2018

Q3 YTD 2018 VAIL VALLEY TRANSACTION VOLUME COMPARISON

NO. OF TRANSACTIONS

1,200 1,041

1,000

1,071

1,130

1,094

914

800 600 400 200 0 2014

2015

2016

2017

2018

SALES VOLUME COMPARISON $1.3B $1.2B $1.1B $1B $0.9B $0.8B 2014

2015

2016

2017

*Data gathered is from Land and Residential sales from 1.1 through 9.30 of each year.

Q3 2018 SLIFER REPORT

2018

VAIL VILLAGE & LIONSHEAD SINGLE-FAMILY/DUPLEX SALES VOLUME

NO. OF SALES

AVG. DAYS ON MARKET

AVG. SALE

MEDIAN SALE

2015

$89,065,000

9

328

$9,899,444

$9,400,000

2016

$27,216,000

4

155

$6,804,000

$6,875,000

2017

$48,925,000

3

456

$16,308,333

$13,500,000

2018

$74,890,000

6

377

$12,481,667

$11,275,000

The highest sale was a single-family home for $23,000,000

CONDOMINIUM/TOWNHOME SALES VOLUME

NO. OF SALES

AVG. DAYS ON MARKET

AVG. SALE

MEDIAN SALE

2015

$144,293,208

63

374

$2,290,368

$1,760,000

2016

$108,667,217

47

454

$2,312,068

$2,100,000

2017

$142,929,000

51

351

$2,802,529

$2,300,000

2018

$210,801,250

73

263

$2,887,688

$1,950,000

2018 breakdown: 33 in Vail Village | 40 in Lionshead

PRICE PER SQUARE FOOT COMPARISON SINGLE-FAMILY/DUPLEX AVERAGE

2015

2016

2017

2018

$1,802

$1,963

$2,129

$2,136

CONDOMINIUM/TOWNHOME AVERAGE

2015

2016

2017

2018

$1,498

$1,554

$1,700

$1,677

SALE PRICE VS LIST PRICE COMPARISON SINGLE-FAMILY/DUPLEX AVERAGE OF SALE PRICE/LAST LISTED PRICE

92.00%

CONDOMINIUM/TOWNHOME AVERAGE OF SALE PRICE/LAST LISTED PRICE

*Data gathered is from Residential sales from 1.1 through 9.30 of each year.

Q3 2018 SLIFER REPORT

93.57%

VAIL GOLF COURSE, SPRADDLE CREEK & CASCADE VILLAGE SINGLE-FAMILY/DUPLEX SALES VOLUME

NO. OF SALES

AVG. DAYS ON MARKET

AVG. SALE

MEDIAN SALE

2015

$11,350,000

5

358

$2,270,000

$1,700,000

2016

$38,270,000

8

646

$4,783,750

$3,622,500

2017

$45,809,000

13

214

$3,523,769

$3,050,000

2018

$63,868,750

9

279

$7,096,528

$6,100,000

AVG. SALE

MEDIAN SALE

2 single-family homes sold in Spraddle Creek YTD in 2018, the last sale was in 2010

CONDOMINIUM/TOWNHOME SALES VOLUME

NO. OF SALES

AVG. DAYS ON MARKET

2015

$12,435,000

10

68

$1,243,500

$1,352,500

2016

$18,023,000

14

278

$1,287,357

$1,300,000

2017

$18,632,000

11

171

$1,693,818

$1,930,000

2018

$2,670,000

2

137

$1,335,000

$1,335,000

PRICE PER SQUARE FOOT COMPARISON SINGLE-FAMILY/DUPLEX AVERAGE

2015

2016

2017

2018

$699

$1,001

$958

$1,258

CONDOMINIUM/TOWNHOME AVERAGE

2015

2016

2017

2018

$654

$734

$883

$758

SALE PRICE VS LIST PRICE COMPARISON SINGLE-FAMILY/DUPLEX AVERAGE OF SALE PRICE/LAST LISTED PRICE

99.14%

CONDOMINIUM/TOWNHOME AVERAGE OF SALE PRICE/LAST LISTED PRICE

*Data gathered is from Residential sales from 1.1 through 9.30 of each year.

Q3 2018 SLIFER REPORT

92.55%

EAST VAIL & BOOTH CREEK SINGLE-FAMILY/DUPLEX SALES VOLUME

NO. OF SALES

AVG. DAYS ON MARKET

AVG. SALE

MEDIAN SALE

2015

$31,251,800

19

138

$1,644,832

$1,345,000

2016

$37,170,000

24

129

$1,548,750

$1,350,000

2017

$33,725,000

20

125

$1,686,250

$1,375,000

2018

$48,135,200

22

119

$2,187,964

$1,836,250

The average sale price has increased by 33% since 2015

CONDOMINIUM/TOWNHOME SALES VOLUME

NO. OF SALES

AVG. DAYS ON MARKET

AVG. SALE

MEDIAN SALE

2015

$18,188,666

40

56

$454,717

$410,000

2016

$22,059,900

48

110

$459,581

$457,500

2017

$27,110,530

44

47

$616,148

$573,000

2018

$26,354,500

41

41

$642,793

$585,000

The average sale price has increased by 41% since 2015

PRICE PER SQUARE FOOT COMPARISON SINGLE-FAMILY/DUPLEX AVERAGE

2015

2016

2017

2018

$537

$524

$557

$628

CONDOMINIUM/TOWNHOME AVERAGE

2015

2016

2017

2018

$463

$455

$515

$563

SALE PRICE VS LIST PRICE COMPARISON SINGLE-FAMILY/DUPLEX AVERAGE OF SALE PRICE/LAST LISTED PRICE

92.50%

CONDOMINIUM/TOWNHOME AVERAGE OF SALE PRICE/LAST LISTED PRICE

*Data gathered is from Residential sales from 1.1 through 9.30 of each year.

Q3 2018 SLIFER REPORT

96.05%

WEST VAIL, SANDSTONE & LIONSRIDGE SINGLE-FAMILY/DUPLEX SALES VOLUME

NO. OF SALES

AVG. DAYS ON MARKET

AVG. SALE

MEDIAN SALE

2015

$11,817,000

10

125

$1,181,700

$1,112,500

2016

$33,630,750

24

192

$1,401,281

$1,231,250

2017

$16,760,050

9

123

$1,862,228

$1,900,000

2018

$37,068,187

21

149

$1,765,152

$1,695,000

CONDOMINIUM/TOWNHOME SALES VOLUME

NO. OF SALES

AVG. DAYS ON MARKET

AVG. SALE

MEDIAN SALE

2015

$20,604,424

36

77

$572,345

$527,000

2016

$18,231,361

31

86

$588,108

$530,000

2017

$18,570,625

35

66

$530,589

$475,000

2018

$21,743,000

33

54

$658,879

$530,000

The average square footage of sales in 2018 was 1,226+/- sq.ft

PRICE PER SQUARE FOOT COMPARISON SINGLE-FAMILY/DUPLEX AVERAGE

2015

2016

2017

2018

$416

$488

$604

$559

CONDOMINIUM/TOWNHOME AVERAGE

2015

2016

2017

2018

$449

$468

$478

$537

SALE PRICE VS LIST PRICE COMPARISON SINGLE-FAMILY/DUPLEX AVERAGE OF SALE PRICE/LAST LISTED PRICE

95.35%

CONDOMINIUM/TOWNHOME AVERAGE OF SALE PRICE/LAST LISTED PRICE

*Data gathered is from Residential sales from 1.1 through 9.30 of each year.

Q3 2018 SLIFER REPORT

96.72%

MINTURN & RED CLIFF SINGLE-FAMILY/DUPLEX SALES VOLUME

NO. OF SALES

AVG. DAYS ON MARKET

AVG. SALE

MEDIAN SALE

2015

$6,652,000

9

143

$739,111

$750,000

2016

$7,030,375

9

47

$781,153

$682,375

2017

$13,458,000

15

107

$897,200

$740,000

2018

$6,247,150

11

104

$567,923

$630,000

CONDOMINIUM/TOWNHOME SALES VOLUME

NO. OF SALES

AVG. DAYS ON MARKET

AVG. SALE

MEDIAN SALE

2015

$6,195,950

16

70

$387,247

$351,250

2016

$10,391,900

23

40

$451,822

$440,000

2017

$7,586,000

17

33

$446,235

$445,000

2018

$2,025,000

3

117

$675,000

$635,000

PRICE PER SQUARE FOOT COMPARISON SINGLE-FAMILY/DUPLEX AVERAGE

2015

2016

2017

2018

$247

$299

$336

$313

CONDOMINIUM/TOWNHOME AVERAGE

2015

2016

2017

2018

$299

$318

$310

$372

SALE PRICE VS LIST PRICE COMPARISON SINGLE-FAMILY/DUPLEX AVERAGE OF SALE PRICE/LAST LISTED PRICE

97.69%

CONDOMINIUM/TOWNHOME AVERAGE OF SALE PRICE/LAST LISTED PRICE

*Data gathered is from Residential sales from 1.1 through 9.30 of each year.

Q3 2018 SLIFER REPORT

95.34%

EAGLEVAIL SINGLE-FAMILY/DUPLEX SALES VOLUME

NO. OF SALES

AVG. DAYS ON MARKET

AVG. SALE

MEDIAN SALE

2015

$14,401,000

20

104

$720,050

$662,500

2016

$16,405,364

20

53

$820,268

$759,500

2017

$21,470,500

25

74

$858,820

$740,000

2018

$17,860,200

21

44

$850,486

$786,600

CONDOMINIUM/TOWNHOME SALES VOLUME

NO. OF SALES

AVG. DAYS ON MARKET

AVG. SALE

MEDIAN SALE

2015

$13,816,215

34

55

$406,359

$367,500

2016

$19,224,035

44

60

$436,910

$417,000

2017

$11,857,250

26

28

$456,048

$447,500

2018

$17,621,750

35

26

$503,479

$490,000

EagleVail condos and townhomes had the second fewest average days on market YTD in all of the Vail Valley

PRICE PER SQUARE FOOT COMPARISON SINGLE-FAMILY/DUPLEX AVERAGE

2015

2016

2017

2018

$271

$295

$332

$372

CONDOMINIUM/TOWNHOME AVERAGE

2015

2016

2017

2018

$297

$308

$311

$330

SALE PRICE VS LIST PRICE COMPARISON SINGLE-FAMILY/DUPLEX AVERAGE OF SALE PRICE/LAST LISTED PRICE

97.48%

CONDOMINIUM/TOWNHOME AVERAGE OF SALE PRICE/LAST LISTED PRICE

*Data gathered is from Residential sales from 1.1 through 9.30 of each year.

Q3 2018 SLIFER REPORT

97.55%

AVON & WILDRIDGE SINGLE-FAMILY/DUPLEX SALES VOLUME

NO. OF SALES

AVG. DAYS ON MARKET

AVG. SALE

MEDIAN SALE

2015

$18,057,250

21

167

$859,869

$775,000

2016

$17,970,496

18

118

$998,361

$820,000

2017

$21,965,750

17

164

$1,292,103

$1,025,000

2018

$31,852,750

31

122

$1,027,508

$930,000

CONDOMINIUM/TOWNHOME SALES VOLUME

NO. OF SALES

AVG. DAYS ON MARKET

AVG. SALE

MEDIAN SALE

2015

$30,338,998

71

85

$427,310

$338,000

2016

$58,703,631

109

133

$538,565

$419,000

2017

$54,353,453

113

96

$481,004

$360,000

2018

$47,102,893

89

83

$529,246

$422,500

PRICE PER SQUARE FOOT COMPARISON SINGLE-FAMILY/DUPLEX AVERAGE

2015

2016

2017

2018

$276

$346

$332

$315

CONDOMINIUM/TOWNHOME AVERAGE

2015

2016

2017

2018

$352

$429

$434

$475

SALE PRICE VS LIST PRICE COMPARISON CONDOMINIUM/TOWNHOME

SINGLE-FAMILY/DUPLEX AVERAGE OF SALE PRICE/LAST LISTED PRICE

96.38%

AVERAGE OF SALE PRICE/LAST LISTED PRICE

*Data gathered is from Residential sales from 1.1 through 9.30 of each year.

Q3 2018 SLIFER REPORT

96.68%

MOUNTAIN STAR SINGLE-FAMILY SALES VOLUME

NO. OF SALES

AVG. DAYS ON MARKET

AVG. SALE

MEDIAN SALE

2015

$18,245,000

3

407

$6,081,667

$5,995,000

2016

$3,450,000

1

250

$3,450,000

$3,450,000

2017

$0

0

N/A

N/A

N/A

2018

$5,425,000

1

738

$5,425,000

$5,425,000

There are currently 7 single-family homes on the market in Mountain Star

PRICE PER SQUARE FOOT COMPARISON SINGLE-FAMILY AVERAGE

2015

2016

2017

2018

$714

$520

N/A

$620

SALE PRICE VS LIST PRICE COMPARISON SINGLE-FAMILY AVERAGE OF SALE PRICE/LAST LISTED PRICE

91.18%

*Data gathered is from Residential sales from 1.1 through 9.30 of each year.

Q3 2018 SLIFER REPORT

BEAVER CREEK SINGLE-FAMILY/DUPLEX SALES VOLUME

NO. OF SALES

AVG. DAYS ON MARKET

AVG. SALE

MEDIAN SALE

2015

$72,615,000

14

514

$5,186,786

$5,257,500

2016

$28,195,000

8

386

$3,524,375

$2,775,000

2017

$47,380,000

10

267

$4,738,000

$4,922,500

2018

$98,854,000

20

290

$4,942,700

$3,940,000

CONDOMINIUM/TOWNHOME SALES VOLUME

NO. OF SALES

AVG. DAYS ON MARKET

AVG. SALE

MEDIAN SALE

2015

$58,310,900

47

251

$1,240,657

$950,000

2016

$81,116,860

53

299

$1,530,507

$1,200,000

2017

$86,533,400

52

224

$1,664,104

$1,197,500

2018

$108,477,350

67

196

$1,619,065

$1,200,000

Beaver Creek broke $100M in condos/townhomes sales volume in the first 3 quarters for the first time since 2007

PRICE PER SQUARE FOOT COMPARISON SINGLE-FAMILY/DUPLEX AVERAGE

2015

2016

2017

2018

$749

$692

$816

$761

CONDOMINIUM/TOWNHOME AVERAGE

2015

2016

2017

2018

$679

$797

$864

$846

SALE PRICE VS LIST PRICE COMPARISON SINGLE-FAMILY/DUPLEX AVERAGE OF SALE PRICE/LAST LISTED PRICE

CONDOMINIUM/TOWNHOME

91.54% AVERAGE OF SALE PRICE/LAST LISTED PRICE

*Data gathered is from Residential sales from 1.1 through 9.30 of each year.

Q3 2018 SLIFER REPORT

95.59%

BACHELOR GULCH VILLAGE SINGLE-FAMILY/DUPLEX SALES VOLUME

NO. OF SALES

AVG. DAYS ON MARKET

AVG. SALE

MEDIAN SALE

2015

$19,697,500

2

622

$9,848,750

$9,848,750

2016

$26,570,375

5

393

$5,314,075

$4,800,000

2017

$49,720,000

6

174

$8,286,667

$7,947,500

2018

$2,200,000

1

389

$2,200,000

$2,200,000

CONDOMINIUM/TOWNHOME SALES VOLUME

NO. OF SALES

AVG. DAYS ON MARKET

AVG. SALE

MEDIAN SALE

2015

$32,928,600

24

151

$1,372,025

$1,189,950

2016

$31,187,600

16

263

$1,949,225

$1,967,500

2017

$30,027,500

15

300

$2,001,833

$1,875,000

2018

$20,889,000

10

170

$2,088,900

$1,750,000

PRICE PER SQUARE FOOT COMPARISON SINGLE-FAMILY/DUPLEX AVERAGE

2015

2016

2017

2018

$974

$790

$1,047

$608

CONDOMINIUM/TOWNHOME AVERAGE

2015

2016

2017

2018

$839

$828

$905

$917

SALE PRICE VS LIST PRICE COMPARISON SINGLE-FAMILY/DUPLEX AVERAGE OF SALE PRICE/LAST LISTED PRICE

CONDOMINIUM/TOWNHOME

77.19% AVERAGE OF SALE PRICE/LAST LISTED PRICE

*Data gathered is from Residential sales from 1.1 through 9.30 of each year.

Q3 2018 SLIFER REPORT

94.49%

ARROWHEAD SINGLE-FAMILY/DUPLEX SALES VOLUME

NO. OF SALES

AVG. DAYS ON MARKET

AVG. SALE

MEDIAN SALE

2015

$83,353,816

30

187

$2,778,461

$2,450,000

2016

$40,144,500

17

123

$2,361,441

$1,825,000

2017

$37,839,375

18

118

$2,102,188

$2,028,000

2018

$28,722,500

12

134

$2,393,542

$2,460,000

CONDOMINIUM/TOWNHOME SALES VOLUME

NO. OF SALES

AVG. DAYS ON MARKET

AVG. SALE

MEDIAN SALE

2015

$23,216,575

24

180

$967,357

$859,000

2016

$17,081,700

16

164

$1,067,606

$1,082,100

2017

$17,691,250

18

97

$982,847

$945,000

2018

$17,095,400

16

82

$1,068,463

$1,022,700

PRICE PER SQUARE FOOT COMPARISON SINGLE-FAMILY/DUPLEX AVERAGE

2015

2016

2017

2018

$567

$529

$512

$548

CONDOMINIUM/TOWNHOME AVERAGE

2015

2016

2017

2018

$580

$580

$565

$608

SALE PRICE VS LIST PRICE COMPARISON SINGLE-FAMILY/DUPLEX AVERAGE OF SALE PRICE/LAST LISTED PRICE

CONDOMINIUM/TOWNHOME

95.81% AVERAGE OF SALE PRICE/LAST LISTED PRICE

*Data gathered is from Residential sales from 1.1 through 9.30 of each year.

Q3 2018 SLIFER REPORT

95.54%

EDWARDS, HOMESTEAD & LAKE CREEK VALLEY SINGLE-FAMILY/DUPLEX SALES VOLUME

NO. OF SALES

AVG. DAYS ON MARKET

AVG. SALE

MEDIAN SALE

2015

$32,416,866

22

181

$1,473,494

$832,000

2016

$30,385,262

20

174

$1,519,263

$1,139,500

2017

$42,092,500

28

214

$1,503,304

$1,100,000

2018

$22,078,500

21

96

$1,051,357

$937,500

There has only been 1 residential sale in Lake Creek Valley YTD

CONDOMINIUM/TOWNHOME SALES VOLUME

NO. OF SALES

AVG. DAYS ON MARKET

AVG. SALE

MEDIAN SALE

2015

$20,250,300

51

46

$397,065

$391,500

2016

$25,899,101

59

67

$438,968

$397,000

2017

$29,057,625

65

31

$447,040

$412,000

2018

$25,320,394

53

51

$477,743

$462,000

PRICE PER SQUARE FOOT COMPARISON SINGLE-FAMILY/DUPLEX AVERAGE

2015

2016

2017

2018

$370

$363

$424

$302

CONDOMINIUM/TOWNHOME AVERAGE

2015

2016

2017

2018

$278

$302

$343

$357

SALE PRICE VS LIST PRICE COMPARISON SINGLE-FAMILY/DUPLEX AVERAGE OF SALE PRICE/LAST LISTED PRICE

CONDOMINIUM/TOWNHOME

96.09% AVERAGE OF SALE PRICE/LAST LISTED PRICE

*Data gathered is from Residential sales from 1.1 through 9.30 of each year.

Q3 2018 SLIFER REPORT

97.82%

SINGLETREE SINGLE-FAMILY/DUPLEX SALES VOLUME

NO. OF SALES

AVG. DAYS ON MARKET

AVG. SALE

MEDIAN SALE

2015

$32,442,275

37

101

$876,818

$819,000

2016

$43,948,000

39

143

$1,126,872

$1,050,000

2017

$29,948,000

28

148

$1,069,571

$1,012,500

2018

$40,085,307

36

108

$1,113,481

$1,061,000

CONDOMINIUM/TOWNHOME SALES VOLUME

NO. OF SALES

AVG. DAYS ON MARKET

AVG. SALE

MEDIAN SALE

2015

$1,471,500

3

46

$490,500

$445,000

2016

$3,701,500

6

49

$616,917

$620,000

2017

$4,727,500

8

31

$590,938

$516,000

2018

$2,655,000

4

11

$663,750

$622,500

Singletree condos and townhomes had the fewest average days on market YTD in all of the Vail Valley

PRICE PER SQUARE FOOT COMPARISON SINGLE-FAMILY/DUPLEX AVERAGE

2015

2016

2017

2018

$318

$321

$350

$364

CONDOMINIUM/TOWNHOME AVERAGE

2015

2016

2017

2018

$320

$319

$390

$429

SALE PRICE VS LIST PRICE COMPARISON SINGLE-FAMILY/DUPLEX AVERAGE OF SALE PRICE/LAST LISTED PRICE

CONDOMINIUM/TOWNHOME

94.94% AVERAGE OF SALE PRICE/LAST LISTED PRICE

*Data gathered is from Residential sales from 1.1 through 9.30 of each year.

Q3 2018 SLIFER REPORT

96.06%

CORDILLERA, CORDILLERA VALLEY CLUB & TIMBER SPRINGS SINGLE-FAMILY/DUPLEX SALES VOLUME

NO. OF SALES

AVG. DAYS ON MARKET

AVG. SALE

MEDIAN SALE

2015

$54,037,900

30

300

$1,801,263

$1,675,000

2016

$47,688,800

26

398

$1,834,185

$1,702,500

2017

$59,704,500

35

358

$1,705,843

$1,700,000

2018

$52,979,500

30

228

$1,765,983

$1,612,500

PRICE PER SQUARE FOOT COMPARISON SINGLE-FAMILY/DUPLEX AVERAGE

2015

2016

2017

2018

There have only been 4 residential sales in Red Canyon/Timber Springs in

$312

$344

$333

$362

the past 10 years

SALE PRICE VS LIST PRICE COMPARISON SINGLE-FAMILY/DUPLEX AVERAGE OF SALE PRICE/LAST LISTED PRICE

93.94%

*Data gathered is from Residential sales from 1.1 through 9.30 of each year.

Q3 2018 SLIFER REPORT

WOLCOTT, BELLYACHE & RED SKY RANCH SINGLE-FAMILY/DUPLEX SALES VOLUME

NO. OF SALES

AVG. DAYS ON MARKET

AVG. SALE

MEDIAN SALE

2015

$6,920,000

4

348

$1,730,000

$1,482,500

2016

$8,616,387

6

203

$1,436,065

$1,407,694

2017

$8,898,500

6

155

$1,483,083

$1,372,500

2018

$11,190,250

8

167

$1,398,781

$1,303,500

PRICE PER SQUARE FOOT COMPARISON SINGLE-FAMILY/DUPLEX AVERAGE

2015

2016

2017

2018

$311

$320

$337

$309

SALE PRICE VS LIST PRICE COMPARISON SINGLE-FAMILY/DUPLEX AVERAGE OF SALE PRICE/LAST LISTED PRICE

90.98%

*Data gathered is from Residential sales from 1.1 through 9.30 of each year.

Q3 2018 SLIFER REPORT

EAGLE & EAGLE RANCH SINGLE-FAMILY/DUPLEX SALES VOLUME

NO. OF SALES

AVG. DAYS ON MARKET

AVG. SALE

MEDIAN SALE

2015

$52,662,540

87

97

$605,317

$553,500

2016

$55,542,409

81

64

$685,709

$611,000

2017

$49,444,296

75

84

$659,257

$583,000

2018

$57,666,569

81

92

$711,933

$657,000

CONDOMINIUM/TOWNHOME SALES VOLUME

NO. OF SALES

AVG. DAYS ON MARKET

AVG. SALE

MEDIAN SALE

2015

$12,900,070

42

53

$307,145

$302,000

2016

$21,598,209

65

60

$332,280

$335,000

2017

$14,317,309

39

47

$367,110

$353,000

2018

$17,488,621

46

50

$380,187

$371,500

PRICE PER SQUARE FOOT COMPARISON SINGLE-FAMILY/DUPLEX AVERAGE

2015

2016

2017

2018

$197

$204

$212

$229

CONDOMINIUM/TOWNHOME AVERAGE

2015

2016

2017

2018

$209

$219

$235

$247

Eagle and Eagle Ranch single-family homes and duplexes had the lowest average price per square foot of all singlefamily/duplex markets in the Vail Valley

SALE PRICE VS LIST PRICE COMPARISON SINGLE-FAMILY/DUPLEX AVERAGE OF SALE PRICE/LAST LISTED PRICE

CONDOMINIUM/TOWNHOME

96.54% AVERAGE OF SALE PRICE/LAST LISTED PRICE

*Data gathered is from Residential sales from 1.1 through 9.30 of each year.

Q3 2018 SLIFER REPORT

97.98%

GYPSUM, COTTON RANCH & BUCKHORN VALLEY SINGLE-FAMILY/DUPLEX SALES VOLUME

NO. OF SALES

AVG. DAYS ON MARKET

AVG. SALE

MEDIAN SALE

2015

$34,981,785

85

57

$411,550

$388,000

2016

$27,641,209

67

64

$412,555

$407,000

2017

$50,100,122

112

58

$447,323

$422,500

2018

$48,296,509

98

67

$492,822

$470,200

CONDOMINIUM/TOWNHOME SALES VOLUME

NO. OF SALES

AVG. DAYS ON MARKET

AVG. SALE

MEDIAN SALE

2015

$2,287,000

10

49

$228,700

$252,500

2016

$3,169,327

13

56

$243,794

$239,000

2017

$6,396,858

26

40

$246,033

$244,000

2018

$3,155,453

10

62

$315,545

$297,250

PRICE PER SQUARE FOOT COMPARISON SINGLE-FAMILY/DUPLEX AVERAGE

2015

2016

2017

2018

$181

$198

$222

$220

CONDOMINIUM/TOWNHOME AVERAGE

2015

2016

2017

2018

$164

$187

$192

$225

SALE PRICE VS LIST PRICE COMPARISON SINGLE-FAMILY/DUPLEX AVERAGE OF SALE PRICE/LAST LISTED PRICE

CONDOMINIUM/TOWNHOME

100.06% AVERAGE OF SALE PRICE/LAST LISTED PRICE

Gypsum's single-family/duplex market is the only market in the Vail Valley to surpass 100% sale price vs list price *Data gathered is from Residential sales from 1.1 through 9.30 of each year.

Q3 2018 SLIFER REPORT

98.98%

Q2 2018 LAND OVERVIEW TRANSACTION VOLUME COMPARISON 140

NO. OF TRANSACTIONS

120

120 107

100 80

100

95

88

60 40 20 0 2014

2015

2016

2017

2018

SALES VOLUME COMPARISON $90M $80M $70M

$66,780,650

$60M $50M

$47,231,650

$40M $30M

$41,592,565 $34,673,400 $21,899,710

$20M $10M 0 2014

2015

2016

2017

*Data gathered is from Land sales from 1.1 through 9.30 of each year.

Q3 2018 SLIFER REPORT

2018

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