THE SLIFER REPORT Vail Valley Real Estate 2020 Annual Market Review
2 0 2 0 | VA I L VA L L E Y, C O L O R A D O
TA B L E O F CO N T E N T S Reflecting Back on 2020........................................... 3 2020 Vail Valley Overview........................................ 4 2020 Vail Valley Luxury Overview........................ 5
EAST
>>>
WEST
Vail Village & Lionshead............................................. 6 Vail Golf Course, Spraddle Creek & Cascade Village.......................................................... 7 East Vail & Booth Creek............................................. 8 West Vail, Sandstone & Lionsridge....................... 9 Minturn & Red Cliff...................................................... 10 EagleVail............................................................................. 11 Avon & Wildridge..........................................................12 Mountain Star.................................................................13 Beaver Creek.................................................................. 14 Bachelor Gulch Village...............................................15 Arrowhead...................................................................... 16 Edwards & Homestead..............................................17 Singletree......................................................................... 18 Cordillera, Cordillera Valley Club & Timber Springs......................................................... 19 Wolcott, Bellyache & Red Sky Ranch............... 20 Eagle & Eagle Ranch...................................................21 Gypsum, Cotton Ranch & Buckhorn Valley....22 >>>
2020 Land Overview.................................................23 Local Company, Global Reach..............................24 SSF Summit County Market Share.....................25 SSF Colorado Map...............................................26-27
REFLECTING BACK EMERGING BUYER AND SELLER TRENDS AS OUR COUNTRY RECOVERS
REAL ESTATE 2020 The Vail Valley has become the natural fit for many longing for a life in the mountains.
clients so communications could all be handled virtually. More and more, buyers and sellers want to handle transactions this way – via email, video chat and virtual showings. Open houses, and even private showings, have occupancy caps, as well as hand sanitizer and mask requirements. We know the desire for in-person showings isn’t going anywhere but we’re equipped virtually whenever needed.
Since March, the coronavirus pandemic has changed nearly everything about our way of life. No surprise, it’s also changed the real estate industry. What buyers are looking for in a home and what sellers are expecting when they put their house on the market is quite different than it was a year ago. In the Colorado mountains, we’ve seen an influx of people looking for an escape. Now that many can work from anywhere, buyers are leaving their metropolitan lifestyles for mountain town living, a place where they can spend time outdoors and meet their needs a little closer to home. They’re looking for home offices and turning to technology more than ever before to feel safe, comfortable, and entertained.
SSF continued our growth throughout the year, hiring 24 new brokers and 17 new staff members company-wide. We created a New Development Sales Division that proved successful with its 14 active developments and the acquisition of the largest ski resort development in North America. Our Roaring Fork Valley brokers increased SSF’s market share in the first full year since joining in 2019. The communities we do business in mean the world to us and we’re grateful to have been able to give $287K to meaningful organizations through our charitable foundations. We’ve expanded into Denver, connecting our clients from DIA to Aspen.
Buyer demand from the Front Range and out-of-state has led to record sales. Compared to last year, sales volume in Eagle County is up by 52%. As a company, we shattered all sales records in our 60-year history, while adapting to working remotely and providing service in new ways. For the first time, SSF reached $3.6 billion in sales.
Rounding the year out, Slifer Smith & Frampton announced a new partnership with Forbes Global Properties, becoming a partial owner in this brand new and exclusive real estate marketplace. This designation allows us to leverage our ability to connect with the world’s finest homes, the brokers that represent them, and high net worth clients. We are beyond excited to be joining an exceptional global brand, extending an elevated reputation and unsurpassed quality to our brokers and clients alike.
How we work with each other and with our clients has changed as well. In March, as offices were shutting down across the country, SSF acted fast. Our teams collaborated to ramp up training and development programs, and to keep each other engaged and informed. We set up a remote infrastructure for our employees and
“COMPARED TO LAST YEAR, SALES VOLUME IN EAGLE COUNTY IS UP 52% . ACROSS ALL DIVISIONS, SSFRE REACHED $3.6B IN SALES, SHATTERING EVERY SALES RECORD IN OUR 60 YEAR HISTORY” — Source: VAIL MLS 2020
Source of all data contained in this report is the Vail Board of Realtors, Multiple Listing Service. Information is deemed reliable but not guaranteed. Consult your Slifer Smith & Frampton Broker for more information. ©2021 Slifer Smith & Frampton Real Estate
2 0 2 0 A N N UA L S L I F E R R E P O R T
3
2020 VAIL VALLEY OVERVIEW T R A N SAC T I O N VO LU M E CO M PA R I S O N 1,800
NO. OF TRANSACTIONS
1,600 1,400 1,200 1,000 800 600 400 200 0
1,493
1,530
1,476
1,513
1,933
2016
2017
2018
2019
2020
SA L E S VO LU M E CO M PA R I S O N $2.8B $2.4B $2B $1.6B
$1,804,236,649
$2,783,158,685
0
$1,766,933,374
$0.4B
$1,612,002,861
$0.8B
$1,413,527,918
$1.2B
2016
2017
2018
2019
2020
Source of all data contained in this report is the Vail Board of Realtors, Multiple Listing Service. Information is deemed reliable but not guaranteed. Consult your Slifer Smith & Frampton Broker for more information. ©2021 Slifer Smith & Frampton Real Estate
*Data gathered is from2Land 0 2 0 and A N NResidential UA L S L I F Esales R R Efrom P O R1.1 T through 12.31 of each year.
4 SLIFER REPORT 2020 ANNUAL
2020 VAIL VALLEY LUXURY OVERVIEW
LUXU RY T R A N SAC T I O N S VO LU M E CO M PA R I S O N
NO. OF TRANSACTIONS
120 110 100
105
90 80 70
67
60 50 40
56
62
42
30 20 10 0 2016
2017
2018
2019
2020
LUXU RY SA L E S VO LU M E CO M PA R I S O N $800M
$600M
$510,459,250
$453,188,916
$830,254,730
0
$399,371,000
$200M
$280,002,842
$400M
2016
2017
2018
2019
2020
Source of all data contained in this report is the Vail Board of Realtors, Multiple Listing Service. Information is deemed reliable but not guaranteed. Consult your Slifer Smith & Frampton Broker for more information. ©2021 Slifer Smith & Frampton Real Estate
M O U N TA I N LUXU RYCO L L E C T I O N .CO M 2 0 2 0 A N N UA L S L I F E R R E P O R T
*Data gathered is from Residential sales over 5 $4million from 1.1 through 12.31 of each year.
2020 ANNUAL SLIFER REPORT
VAIL VILLAGE & LIONSHEAD S I N G L E - FA M I LY/ D U P L E X SALES VOLUME
NO. OF SALES
AVG. DAYS ON MARKET
AVG. SALE
MEDIAN SALE
2016
$67,591,000
7
299
$9,655,857
$8,066,000
2017
$61,775,000
5
423
$12,355,000
$12,425,000
2018
$135,465,000
12
219
$11,288,750
$9,525,000
2019
$62,957,500
5
518
$12,591,500
$12,000,000
2020
$203,183,680
13
221
$15,629,513
$11,900,000
The highest sale was a single-family home for $29.7M
CO N D O M I N I U M / TOW N H O M E SALES VOLUME
NO. OF SALES
AVG. DAYS ON MARKET
AVG. SALE
MEDIAN SALE
2016
$131,559,717
69
357
$1,906,663
$1,462,750
2017
$206,268,000
73
321
$2,825,589
$2,150,000
2018
$271,696,250
90
260
$3,018,847
$2,190,000
2019
$229,842,300
80
266
$2,873,029
$2,075,000
2020
$338,543,300
101
279
$3,351,914
$2,600,000
2020 breakdown: 51 in Vail Village | 49 in Lionshead
AV E R AG E P R I C E P E R S Q UA R E F O OT S I N G L E - FA M I LY/ D U P L E X
C O N D O M I N I U M / TOW N H O M E
2016
2017
2018
2019
2020
2016
2017
2018
2019
2020
$1,992
$2,103
$2,148
$2,520
$2,751
$1,339
$1,721
$1,739
$1,576
$1,709
SA L E P R I C E VS L I ST P R I C E CO M PA R I S O N S I N G L E - FA M I LY/ D U P L E X AVERAGE OF SALE PRICE/LAST LISTED PRICE
C O N D O M I N I U M / TOW N H O M E
94% AVERAGE OF SALE PRICE/LAST LISTED PRICE
Source of all data contained in this report is the Vail Board of Realtors, Multiple Listing Service. Information is deemed reliable but not guaranteed. Consult your Slifer Smith & Frampton Broker for more information. ©2021 Slifer Smith & Frampton Real Estate
0 2 0 Residential A N N UA L Ssales L I F E from R R E 1.1 P Othrough RT *Data gathered is2from 12.31 of each year.
6 2020 ANNUAL SLIFER REPORT
94%
VAIL GOLF COURSE, SPRADDLE CREEK, CASCADE VILLAGE S I N G L E - FA M I LY/ D U P L E X SALES VOLUME
NO. OF SALES
AVG. DAYS ON MARKET
AVG. SALE
MEDIAN SALE
2016
$44,745,000
9
609
$4,971,667
$3,750,000
2017
$48,809,000
14
221
$3,486,357
$3,025,000
2018
$69,438,750
11
285
$6,312,614
$6,093,750
2019
$115,926,788
15
201
$7,728,453
$4,700,000
2020
$58,321,125
8
213
$7,290,141
$7,351,563
CO N D O M I N I U M / TOW N H O M E SALES VOLUME
NO. OF SALES
AVG. DAYS ON MARKET
AVG. SALE
MEDIAN SALE
2016
$19,883,000
15
262
$1,325,533
$1,350,000
2017
$21,572,000
13
182
$1,659,385
$1,900,000
2018
$3,369,000
3
106
$1,123,000
$700,000
2019
$27,061,500
16
99
$1,691,344
$1,937,500
2020
$33,175,000
20
133
$1,658,760
$1,425,000
Average sale price has increased by 24% since 2016
AV E R AG E P R I C E P E R S Q UA R E F O OT C O N D O M I N I U M / TOW N H O M E
S I N G L E - FA M I LY/ D U P L E X 2016
2017
2018
2019
2020
2016
2017
2018
2019
2020
$936
$969
$1,206
$1,468
$1,675
$734
$844
$722
$840
$889
SA L E P R I C E VS L I ST P R I C E CO M PA R I S O N S I N G L E - FA M I LY/ D U P L E X AVERAGE OF SALE PRICE/LAST LISTED PRICE
97%
C O N D O M I N I U M / TOW N H O M E AVERAGE OF SALE PRICE/LAST LISTED PRICE
Source of all data contained in this report is the Vail Board of Realtors, Multiple Listing Service. Information is deemed reliable but not guaranteed. Consult your Slifer Smith & Frampton Broker for more information. ©2021 Slifer Smith & Frampton Real Estate
0 2 0 Residential A N N UA L Ssales L I F E from R R E 1.1 P Othrough RT *Data gathered is2from 12.31 of each year.
7 2020 ANNUAL SLIFER REPORT
95%
EAST VAIL & BOOTH CREEK S I N G L E - FA M I LY/ D U P L E X SALES VOLUME
NO. OF SALES
AVG. DAYS ON MARKET
AVG. SALE
MEDIAN SALE
2016
$51,273,620
33
122
$1,553,746
$1,350,000
2017
$39,780,000
24
126
$1,657,500
$1,425,000
2018
$55,231,200
27
118
$2,045,600
$1,715,000
2019
$59,632,169
30
153
$1,987,739
$1,572,580
2020
$95,260,705
42
137
$2,268,112
$1,801,000
CO N D O M I N I U M / TOW N H O M E SALES VOLUME
NO. OF SALES
AVG. DAYS ON MARKET
AVG. SALE
MEDIAN SALE
2016
$31,449,400
64
114
$491,397
$477,500
2017
$33,498,905
56
47
$598,195
$557,500
2018
$39,002,500
59
54
$661,059
$600,000
2019
$29,508,260
49
34
$602,209
$600,000
2020
$47,406,000
70
44
$677,229
$607,000
Average sale price has increased by 38% since 2016
AV E R AG E P R I C E P E R S Q UA R E F O OT S I N G L E - FA M I LY/ D U P L E X
C O N D O M I N I U M / TOW N H O M E
2016
2017
2018
2019
2020
2016
2017
2018
2019
2020
$522
$552
$617
$661
$691
$456
$511
$555
$595
$651
SALE PRICE VS LIST PRICE COMPARISON S I N G L E - FA M I LY/ D U P L E X AVERAGE OF SALE PRICE/LAST LISTED PRICE
97%
C O N D O M I N I U M / TOW N H O M E AVERAGE OF SALE PRICE/LAST LISTED PRICE
Source of all data contained in this report is the Vail Board of Realtors, Multiple Listing Service. Information is deemed reliable but not guaranteed. Consult your Slifer Smith & Frampton Broker for more information. ©2021 Slifer Smith & Frampton Real Estate
*Data gathered is2from 12.31 of each year. 0 2 0 Residential A N N UA L Ssales L I F Efrom R R E1.1 P Othrough RT
8 SLIFER REPORT 2020 ANNUAL
98%
WEST VAIL, SANDSTONE & LIONSRIDGE S I N G L E - FA M I LY/ D U P L E X SALES VOLUME
NO. OF SALES
AVG. DAYS ON MARKET
AVG. SALE
MEDIAN SALE
2016
$44,040,750
31
160
$1,420,669
$1,335,000
2017
$22,060,050
13
106
$1,696,927
$1,762,500
2018
$41,408,187
23
152
$1,800,356
$1,695,000
2019
$43,772,500
25
118
$1,750,900
$1,575,000
2020
$55,171,170
30
96
$1,839,039
$1,537,500
CO N D O M I N I U M / TOW N H O M E SALES VOLUME
NO. OF SALES
AVG. DAYS ON MARKET
AVG. SALE
MEDIAN SALE
2016
$24,040,361
43
92
$559,078
$521,250
2017
$22,648,045
43
60
$526,699
$475,000
2018
$32,084,800
51
87
$629,114
$545,000
2019
$40,663,390
65
77
$625,591
$647,500
2020
$56,349,830
78
57
$722,434
$644,000
Average days on market has decreased by 38% since 2016
AV E R AG E P R I C E P E R S Q UA R E F O OT C O N D O M I N I U M / TOW N H O M E
S I N G L E - FA M I LY/ D U P L E X 2016
2017
2018
2019
2020
2016
2017
2018
2019
2020
$495
$571
$561
$604
$585
$474
$482
$512
$523
$581
Price per square foot in this area has increased 18% since 2016
SA L E P R I C E VS L I ST P R I C E CO M PA R I S O N S I N G L E - FA M I LY/ D U P L E X AVERAGE OF SALE PRICE/LAST LISTED PRICE
96%
C O N D O M I N I U M / TOW N H O M E AVERAGE OF SALE PRICE/LAST LISTED PRICE
Source of all data contained in this report is the Vail Board of Realtors, Multiple Listing Service. Information is deemed reliable but not guaranteed. Consult your Slifer Smith & Frampton Broker for more information. ©2021 Slifer Smith & Frampton Real Estate
*Data gathered is2from 12.31 of each year. 0 2 0 Residential A N N UA L Ssales L I F Efrom R R E1.1 P Othrough RT
9 SLIFER REPORT 2020 ANNUAL
98%
MINTURN & REDCLIFF S I N G L E - FA M I LY/ D U P L E X SALES VOLUME
NO. OF SALES
AVG. DAYS ON MARKET
AVG. SALE
MEDIAN SALE
2016
$9,396,850
13
182
$722,835
$650,000
2017
$8,187,615
11
151
$744,329
$581,000
2018
$12,910,150
19
83
$679,482
$630,000
2019
$13,310,550
16
107
$831,909
$877,750
2020
$16,039,898
19
133
$844,205
$735,000
Sales Volume has increased 71% since 2016
CO N D O M I N I U M / TOW N H O M E SALES VOLUME
NO. OF SALES
AVG. DAYS ON MARKET
AVG. SALE
MEDIAN SALE
2016
N/A
N/A
N/A
N/A
N/A
2017
$1,812,000
3
15
$604,000
$617,000
2018
$2,025,000
3
117
$675,000
$635,000
2019
$4,223,250
7
119
$603,321
$654,000
2020
$11,167,500
18
98
$620,417
$670,000
AV E R AG E P R I C E P E R S Q UA R E F O OT S I N G L E - FA M I LY/ D U P L E X
C O N D O M I N I U M / TOW N H O M E
2016
2017
2018
2019
2020
2016
2017
2018
2019
2020
$309
$321
$348
$417
$498
N/A
$358
$372
$375
424
SALE PRICE VS LIST PRICE COMPARISON S I N G L E - FA M I LY/ D U P L E X AVERAGE OF SALE PRICE/LAST LISTED PRICE
95%
C O N D O M I N I U M / TOW N H O M E AVERAGE OF SALE PRICE/LAST LISTED PRICE
Source of all data contained in this report is the Vail Board of Realtors, Multiple Listing Service. Information is deemed reliable but not guaranteed. Consult your Slifer Smith & Frampton Broker for more information. ©2021 Slifer Smith & Frampton Real Estate
*Data gathered is2from 12.31 of each year. 0 2 0 Residential A N N UA L Ssales L I F Efrom R R E1.1 P Othrough RT
10 SLIFER REPORT 2020 ANNUAL
98%
EAGLEVAIL S I N G L E - FA M I LY/ D U P L E X SALES VOLUME
NO. OF SALES
AVG. DAYS ON MARKET
AVG. SALE
MEDIAN SALE
2016
$31,282,764
38
51
$823,231
$785,107
2017
$36,191,124
38
72
$952,398
$760,250
2018
$26,292,956
29
56
$906,654
$795,000
2019
$31,413,750
31
105
$1,013,347
$842,000
2020
$40,434,289
34
58
$1,189,244
$1,030,312
Average sales price has increased 44% since 2016
CO N D O M I N I U M / TOW N H O M E SALES VOLUME
NO. OF SALES
AVG. DAYS ON MARKET
AVG. SALE
MEDIAN SALE
2016
$25,298,139
58
55
$436,175
$417,000
2017
$17,734,250
37
32
$479,304
$460,000
2018
$21,224,600
42
29
$505,348
$495,000
2019
$19,799,075
38
56
$521,028
$487,000
2020
$29,058,764
50
70
$581,175
$575,500
AV E R AG E P R I C E P E R S Q UA R E F O OT CO M PA R I S O N S I N G L E - FA M I LY/ D U P L E X
C O N D O M I N I U M / TOW N H O M E
2016
2017
2018
2019
2020
2016
2017
2018
2019
2020
$341
$341
$385
$383
$400
$321
$316
$331
$378
$393
SA L E P R I C E VS L I ST P R I C E CO M PA R I S O N S I N G L E - FA M I LY/ D U P L E X AVERAGE OF SALE PRICE/LAST LISTED PRICE
97%
C O N D O M I N I U M / TOW N H O M E AVERAGE OF SALE PRICE/LAST LISTED PRICE
Source of all data contained in this report is the Vail Board of Realtors, Multiple Listing Service. Information is deemed reliable but not guaranteed. Consult your Slifer Smith & Frampton Broker for more information. ©2021 Slifer Smith & Frampton Real Estate
*Data gathered is2from 12.31 of each year. 0 2 0 Residential A N N UA L Ssales L I F Efrom R R E1.1 P Othrough RT
11 SLIFER REPORT 2020 ANNUAL
98%
AVON & WILDRIDGE S I N G L E - FA M I LY/ D U P L E X SALES VOLUME
NO. OF SALES
AVG. DAYS ON MARKET
AVG. SALE
MEDIAN SALE
2016
$24,447,996
25
115
$977,920
$840,000
2017
$36,999,250
31
181
$1,193,524
$1,020,000
2018
$39,225,250
37
115
$1,060,142
$990,000
2019
$26,236,500
24
124
$1,093,188
$1,145,750
2020
$50,124,133
37
119
$1,354,706
$1,297,000
CO N D O M I N I U M / TOW N H O M E SALES VOLUME
NO. OF SALES
AVG. DAYS ON MARKET
AVG. SALE
MEDIAN SALE
2016
$79,439,479
152
146
$522,628
$392,500
2017
$69,464,603
142
92
$489,187
$387,500
2018
$64,522,393
122
91
$528,872
$415,000
2019
$103,118,038
142
78
$726,183
$515,250
2020
$156,462,634
177
94
$883,970
$634,500
AV E R AG E P R I C E P E R S Q UA R E F O OT S I N G L E - FA M I LY/ D U P L E X
C O N D O M I N I U M / TOW N H O M E
2016
2017
2018
2019
2020
2016
2017
2018
2019
2020
$319
$323
$326
$351
$408
$440
$429
$473
$534
$653
SA L E P R I C E VS L I ST P R I C E CO M PA R I S O N S I N G L E - FA M I LY/ D U P L E X AVERAGE OF SALE PRICE/LAST LISTED PRICE
98%
C O N D O M I N I U M / TOW N H O M E AVERAGE OF SALE PRICE/LAST LISTED PRICE
Source of all data contained in this report is the Vail Board of Realtors, Multiple Listing Service. Information is deemed reliable but not guaranteed. Consult your Slifer Smith & Frampton Broker for more information. ©2021 Slifer Smith & Frampton Real Estate
0 2 0 Residential A N N UA L Ssales L I F Efrom R R E1.1 P Othrough RT *Data gathered is2from 12.31 of each year.
12 2020 ANNUAL SLIFER REPORT
98%
MOUNTAIN STAR S I N G L E - FA M I LY SALES VOLUME
NO. OF SALES
AVG. DAYS ON MARKET
AVG. SALE
MEDIAN SALE
2016
$3,450,000
1
250
$3,450,000
$3,450,000
2017
$7,380,000
2
100
$3,690,000
$3,690,000
2018
$5,425,000
1
738
$5,425,000
$5,425,000
2019
$13,095,000
3
544
$4,365,000
$3,550,000
2020
$24,040,000
4
230
$6,010,000
$6,117,500
There are currently 8 single-family homes on the market in Mountain Star (as of 1.21.21)
AV E R AG E P R I C E P E R S Q UA R E F O OT S I N G L E - FA M I LY 2016
2017
2018
2019
2020
$521
$734
$620
$633
$762
SA L E P R I C E VS L I ST P R I C E CO M PA R I S O N S I N G L E - FA M I LY AVERAGE OF SALE PRICE/LAST LISTED PRICE
93%
Source of all data contained in this report is the Vail Board of Realtors, Multiple Listing Service. Information is deemed reliable but not guaranteed. Consult your Slifer Smith & Frampton Broker for more information. ©2021 Slifer Smith & Frampton Real Estate
*Data gathered is2from 12.31 of each year. 0 2 0 Residential A N N UA L Ssales L I F Efrom R R E1.1 P Othrough RT
13 SLIFER REPORT 2020 ANNUAL
BEAVER CREEK S I N G L E - FA M I LY/ D U P L E X SALES VOLUME
NO. OF SALES
AVG. DAYS ON MARKET
AVG. SALE
MEDIAN SALE
2016
$50,899,250
13
302
$3,915,327
$3,300,000
2017
$65,860,000
14
307
$4,704,286
$4,700,000
2018
$115,179,000
25
283
$4,607,160
$3,400,000
2019
$64,566,316
17
443
$3,798,019
$3,000,000
2020
$84,815,000
16
473
$5,300,938
$5,062,500
The highest sale was a single-family home for $12.3M
CO N D O M I N I U M / TOW N H O M E SALES VOLUME
NO. OF SALES
AVG. DAYS ON MARKET
AVG. SALE
MEDIAN SALE
2016
$120,419,360
83
299
$1,450,836
$1,137,500
2017
$120,439,900
73
208
$1,649,862
$1,200,000
2018
$143,871,399
90
179
$1,598,571
$1,681,309
2019
$130,588,025
93
170
$1,404,172
$1,085,000
2020
$139,391,900
93
164
$1,498,838
$1,121,400
AV E R AG E P R I C E P E R S Q UA R E F O OT S I N G L E - FA M I LY/ D U P L E X
C O N D O M I N I U M / TOW N H O M E
2016
2017
2018
2019
2020
2016
2017
2018
2019
2020
$713
$787
$706
$715
$943
$732
$867
$847
$779
794
SA L E P R I C E VS L I ST P R I C E CO M PA R I S O N S I N G L E - FA M I LY/ D U P L E X AVERAGE OF SALE PRICE/LAST LISTED PRICE
C O N D O M I N I U M / TOW N H O M E
96% AVERAGE OF SALE PRICE/LAST LISTED PRICE
Source of all data contained in this report is the Vail Board of Realtors, Multiple Listing Service. Information is deemed reliable but not guaranteed. Consult your Slifer Smith & Frampton Broker for more information. ©2021 Slifer Smith & Frampton Real Estate
*Data gathered is2from 12.31 of each year. 0 2 0 Residential A N N UA L Ssales L I F Efrom R R E1.1 P Othrough RT
14 SLIFER REPORT 2020 ANNUAL
96%
BACHELOR GULCH VILLAGE S I N G L E - FA M I LY/ D U P L E X SALES VOLUME
NO. OF SALES
AVG. DAYS ON MARKET
AVG. SALE
MEDIAN SALE
2016
$45,992,875
8
361
$5,749,109
$5,487,500
2017
$102,254,000
12
265
$8,521,167
$8,499,500
2018
$12,000,000
3
134
$4,000,000
$2,300,000
2019
$30,595,000
4
111
$7,648,750
$7,700,000
2020
$106,887,500
14
298
$7,634,821
$8,300,000
The highest sale was a single-family home for $12.9M
CO N D O M I N I U M / TOW N H O M E SALES VOLUME
NO. OF SALES
AVG. DAYS ON MARKET
AVG. SALE
MEDIAN SALE
2016
$47,097,600
23
282
$2,047,722
$2,000,000
2017
$43,790,000
22
260
$1,990,455
$1,822,500
2018
$33,561,500
17
220
$1,974,206
$1,732,500
2019
$38,270,500
21
254
$1,822,405
$1,600,000
2020
$112,431,500
51
119
$2,204,539
$2,175,000
AV E R AG E P R I C E P E R S Q UA R E F O OT S I N G L E - FA M I LY/ D U P L E X
C O N D O M I N I U M / TOW N H O M E
2016
2017
2018
2019
2020
2016
2017
2018
2019
2020
$818
$1,027
$898
$947
$935
$858
$917
$892
$890
$985
SA L E P R I C E VS L I ST P R I C E CO M PA R I S O N S I N G L E - FA M I LY/ D U P L E X AVERAGE OF SALE PRICE/LAST LISTED PRICE
C O N D O M I N I U M / TOW N H O M E
95% AVERAGE OF SALE PRICE/LAST LISTED PRICE
Source of all data contained in this report is the Vail Board of Realtors, Multiple Listing Service. Information is deemed reliable but not guaranteed. Consult your Slifer Smith & Frampton Broker for more information. ©2021 Slifer Smith & Frampton Real Estate
*Data gathered is2from 12.31 of each year. 0 2 0 Residential A N N UA L Ssales L I F Efrom R R E1.1 P Othrough RT
15 SLIFER REPORT 2020 ANNUAL
96%
ARROWHEAD S I N G L E - FA M I LY/ D U P L E X SALES VOLUME
NO. OF SALES
AVG. DAYS ON MARKET
AVG. SALE
MEDIAN SALE
2016
$41,794,500
18
116
$2,321,917
$1,816,250
2017
$51,809,375
23
195
$2,252,582
$2,056,000
2018
$69,522,500
25
192
$2,780,900
$2,500,000
2019
$79,837,500
30
250
$2,661,250
$2,060,000
2020
$153,581,800
47
194
$3,267,698
$2,787,500
Number of sales has increased 57% since 2019
CO N D O M I N I U M / TOW N H O M E SALES VOLUME
NO. OF SALES
AVG. DAYS ON MARKET
AVG. SALE
MEDIAN SALE
2016
$24,392,700
24
177
$1,016,363
$911,500
2017
$27,047,250
28
140
$965,973
$818,125
2018
$25,534,400
23
145
$1,110,191
$1,075,000
2019
$27,713,500
25
146
$1,108,540
$1,060,000
2020
$46,054,400
39
117
$1,180,882
$1,165,000
AV E R AG E P R I C E P E R S Q UA R E F O OT S I N G L E - FA M I LY/ D U P L E X
C O N D O M I N I U M / TOW N H O M E
2016
2017
2018
2019
2020
2016
2017
2018
2019
2020
$533
$516
$580
$548
$644
$573
$579
$623
$663
$712
SA L E P R I C E VS L I ST P R I C E CO M PA R I S O N S I N G L E - FA M I LY/ D U P L E X AVERAGE OF SALE PRICE/LAST LISTED PRICE
C O N D O M I N I U M / TOW N H O M E
95% AVERAGE OF SALE PRICE/LAST LISTED PRICE
Source of all data contained in this report is the Vail Board of Realtors, Multiple Listing Service. Information is deemed reliable but not guaranteed. Consult your Slifer Smith & Frampton Broker for more information. ©2021 Slifer Smith & Frampton Real Estate
*Data gathered is2from 12.31 of each year. 0 2 0 Residential A N N UA L Ssales L I F Efrom R R E1.1 P Othrough RT
16 SLIFER REPORT 2020 ANNUAL
97%
EDWARDS, HOMESTEAD & LAKE CREEK VALLEY S I N G L E - FA M I LY/ D U P L E X SALES VOLUME
NO. OF SALES
AVG. DAYS ON MARKET
AVG. SALE
MEDIAN SALE
2016
$48,191,362
35
209
$1,376,896
$1,017,500
2017
$67,328,662
43
207
$1,565,783
$1,080,000
2018
$29,448,000
26
115
$1,132,615
$948,750
2019
$69,191,685
40
128
$1,729,792
$1,806,250
2020
$72,539,751
46
104
$1,576,951
$1,286,500
CO N D O M I N I U M / TOW N H O M E SALES VOLUME
NO. OF SALES
AVG. DAYS ON MARKET
AVG. SALE
MEDIAN SALE
2016
$37,628,101
85
66
$442,684
$400,000
2017
$41,471,425
92
37
$450,776
$417,750
2018
$29,745,894
62
54
$479,772
$471,000
2019
$33,961,950
67
62
$506,895
$485,000
2020
$31,765,993
61
28
$520,754
$485,000
Area breakdown: 43 in Edwards and 18 in Homestead
AV E R AG E P R I C E P E R S Q UA R E F O OT C O N D O M I N I U M / TOW N H O M E
S I N G L E - FA M I LY/ D U P L E X 2016
2017
2018
2019
2020
2016
2017
2018
2019
2020
$331
$410
$326
$405
$412
$317
$348
$356
$366
$398
SA L E P R I C E VS L I ST P R I C E CO M PA R I S O N S I N G L E - FA M I LY/ D U P L E X AVERAGE OF SALE PRICE/LAST LISTED PRICE
C O N D O M I N I U M / TOW N H O M E
97% AVERAGE OF SALE PRICE/LAST LISTED PRICE
Source of all data contained in this report is the Vail Board of Realtors, Multiple Listing Service. Information is deemed reliable but not guaranteed. Consult your Slifer Smith & Frampton Broker for more information. ©2021 Slifer Smith & Frampton Real Estate
*Data gathered is2from 12.31 of each year. 0 2 0 Residential A N N UA L Ssales L I F Efrom R R E1.1 P Othrough RT
17 SLIFER REPORT 2020 ANNUAL
98%
SINGLETREE S I N G L E - FA M I LY/ D U P L E X SALES VOLUME
NO. OF SALES
AVG. DAYS ON MARKET
AVG. SALE
MEDIAN SALE
2016
$59,311,500
53
123
$1,119,085
$995,000
2017
$43,524,400
42
156
$1,036,295
$957,500
2018
$54,096,307
49
108
$1,104,006
$1,025,000
2019
$53,999,100
45
99
$1,199,980
$1,100,000
2020
$90,859,320
64
110
$1,419,677
$1,297,500
CO N D O M I N I U M / TOW N H O M E SALES VOLUME
NO. OF SALES
AVG. DAYS ON MARKET
AVG. SALE
MEDIAN SALE
2016
$4,312,500
7
53
$616,071
$621,000
2017
$5,317,500
9
29
$590,833
$533,000
2018
$5,062,500
7
13
$723,214
$582,500
2019
$3,405,000
4
15
$851,250
$885,000
2020
$5,397,530
6
226
$899,588
$912,500
AV E R AG E P R I C E P E R S Q UA R E F O OT S I N G L E - FA M I LY/ D U P L E X
C O N D O M I N I U M / TOW N H O M E
2016
2017
2018
2019
2020
2016
2017
2018
2019
2020
$319
$341
$351
$384
$409
$326
$392
$443
$430
$410
SA L E P R I C E VS L I ST P R I C E CO M PA R I S O N S I N G L E - FA M I LY/ D U P L E X AVERAGE OF SALE PRICE/LAST LISTED PRICE
C O N D O M I N I U M / TOW N H O M E
96% AVERAGE OF SALE PRICE/LAST LISTED PRICE
Source of all data contained in this report is the Vail Board of Realtors, Multiple Listing Service. Information is deemed reliable but not guaranteed. Consult your Slifer Smith & Frampton Broker for more information. ©2021 Slifer Smith & Frampton Real Estate
*Data gathered is2from 12.31 of each year. 0 2 0 Residential A N N UA L Ssales L I F Efrom R R E1.1 P Othrough RT
18 SLIFER REPORT 2020 ANNUAL
97%
CORDILLERA S I N G L E - FA M I LY/ D U P L E X SALES VOLUME
NO. OF SALES
AVG. DAYS ON MARKET
AVG. SALE
MEDIAN SALE
2016
$78,800,800
44
385
$1,790,927
$1,680,000
2017
$84,639,500
49
311
$1,727,337
$1,700,000
2018
$76,493,500
43
217
$1,778,919
$1,600,000
2019
$120,106,083
56
236
$2,144,751
$2,072,450
2020
$202,155,804
90
211
$2,246,176
$2,061,250
AV E R AG E P R I C E P E R S Q UA R E F O OT S I N G L E - FA M I LY/ D U P L E X 2016
2017
2018
2019
2020
$333
$337
$364
$405
$398
SA L E P R I C E VS L I ST P R I C E CO M PA R I S O N S I N G L E - FA M I LY/ D U P L E X AVERAGE OF SALE PRICE/LAST LISTED PRICE
96%
Source of all data contained in this report is the Vail Board of Realtors, Multiple Listing Service. Information is deemed reliable but not guaranteed. Consult your Slifer Smith & Frampton Broker for more information. ©2021 Slifer Smith & Frampton Real Estate
*Data gathered is2from 12.31 of each year. 0 2 0 Residential A N N UA L Ssales L I F Efrom R R E1.1 P Othrough RT
19 SLIFER REPORT 2020 ANNUAL
WOLCOTT, BELLYACHE & RED SKY RANCH S I N G L E - FA M I LY/ D U P L E X SALES VOLUME
NO. OF SALES
AVG. DAYS ON MARKET
AVG. SALE
MEDIAN SALE
2016
$11,351,387
9
199
$1,261,265
$1,100,000
2017
$11,988,500
9
113
$1,332,056
$950,000
2018
$18,575,250
11
176
$1,688,659
$1,340,000
2019
$6,155,650
7
82
$879,379
$755,000
2020
$40,220,500
17
212
$2,365,912
$1,875,000
Number of sales has increased 142% since 2019
AV E R AG E P R I C E P E R S Q UA R E F O OT S I N G L E - FA M I LY/ D U P L E X 2016
2017
2018
2019
2020
$292
$327
$347
$330
$411
SA L E P R I C E VS L I ST P R I C E CO M PA R I S O N S I N G L E - FA M I LY/ D U P L E X AVERAGE OF SALE PRICE/LAST LISTED PRICE
95%
Source of all data contained in this report is the Vail Board of Realtors, Multiple Listing Service. Information is deemed reliable but not guaranteed. Consult your Slifer Smith & Frampton Broker for more information. ©2021 Slifer Smith & Frampton Real Estate
*Data gathered is2from 12.31 of each year. 0 2 0 Residential A N N UA L Ssales L I F Efrom R R E1.1 P Othrough RT
20 SLIFER REPORT 2020 ANNUAL
EAGLE & EAGLE RANCH S I N G L E - FA M I LY/ D U P L E X SALES VOLUME
NO. OF SALES
AVG. DAYS ON MARKET
AVG. SALE
MEDIAN SALE
2016
$67,581,509
101
63
$669,124
$605,000
2017
$64,529,626
100
91
$645,296
$597,500
2018
$84,191,054
115
101
$732,096
$659,000
2019
$69,052,540
95
94
$726,869
$655,000
2020
$103,685,828
115
78
$901,616
$779,000
CO N D O M I N I U M / TOW N H O M E SALES VOLUME
NO. OF SALES
AVG. DAYS ON MARKET
AVG. SALE
MEDIAN SALE
2016
$26,083,609
79
59
$330,172
$325,000
2017
$19,378,141
53
46
$365,625
$363,000
2018
$23,793,946
63
51
$377,682
$374,000
2019
$25,101,635
64
48
$392,213
$399,214
2020
$28,483,997
68
42
$418,882
$426,388
AV E R AG E P R I C E P E R S Q UA R E F O OT S I N G L E - FA M I LY/ D U P L E X
C O N D O M I N I U M / TOW N H O M E
2016
2017
2018
2019
2020
2016
2017
2018
2019
2020
$208
$209
$232
$256
$291
$228
$238
$257
$285
$307
SA L E P R I C E VS L I ST P R I C E CO M PA R I S O N S I N G L E - FA M I LY/ D U P L E X AVERAGE OF SALE PRICE/LAST LISTED PRICE
98%
C O N D O M I N I U M / TOW N H O M E AVERAGE OF SALE PRICE/LAST LISTED PRICE
Source of all data contained in this report is the Vail Board of Realtors, Multiple Listing Service. Information is deemed reliable but not guaranteed. Consult your Slifer Smith & Frampton Broker for more information. ©2021 Slifer Smith & Frampton Real Estate
*Data gathered is 2from through 12.31 of each year. 0 2 0 Residential A N N UA L Ssales L I F Efrom R R E1.1 PO RT
21 SLIFER REPORT 2020 ANNUAL
99%
GYPSUM, COTTON RANCH & BUCKHORN VALLEY S I N G L E - FA M I LY/ D U P L E X SALES VOLUME
NO. OF SALES
AVG. DAYS ON MARKET
AVG. SALE
MEDIAN SALE
2016
$33,480,234
81
67
$413,336
$395,000
2017
$67,288,059
143
55
$470,546
$426,852
2018
$59,770,682
122
61
$489,924
$472,050
2019
$51,201,617
102
54
$501,977
$507,913
2020
$89,688,334
148
76
$606,002
$545,500
Number of sales in this area has increased 80% since 2016
CO N D O M I N I U M / TOW N H O M E SALES VOLUME
NO. OF SALES
AVG. DAYS ON MARKET
AVG. SALE
MEDIAN SALE
2016
$5,372,101
20
66
$268,605
$265,000
2017
$10,050,943
36
43
$279,193
$269,000
2018
$7,896,885
22
91
$358,949
$305,500
2019
$19,166,958
52
78
$368,595
$318,000
2020
$16,471,826
39
76
$422,355
$358,550
AV E R AG E P R I C E P E R S Q UA R E F O OT S I N G L E - FA M I LY/ D U P L E X
C O N D O M I N I U M / TOW N H O M E
2016
2017
2018
2019
2020
2016
2017
2018
2019
2020
$206
$213
$218
$235
$252
$200
$205
$249
$292
$292
SA L E P R I C E VS L I ST P R I C E CO M PA R I S O N S I N G L E - FA M I LY/ D U P L E X AVERAGE OF SALE PRICE/LAST LISTED PRICE
99%
C O N D O M I N I U M / TOW N H O M E AVERAGE OF SALE PRICE/LAST LISTED PRICE
Source of all data contained in this report is the Vail Board of Realtors, Multiple Listing Service. Information is deemed reliable but not guaranteed. Consult your Slifer Smith & Frampton Broker for more information. ©2021 Slifer Smith & Frampton Real Estate
*Data gathered is2from 12.31 of each year. 0 2 0 Residential A N N UA L Ssales L I F Efrom R R E1.1 P Othrough RT
22 SLIFER REPORT 2020 ANNUAL
102%
2020 LAND REVIEW T R A N SAC T I O N VO LU M E CO M PA R I S O N 180
NO. OF TRANSACTIONS
160 140 120 100 80 60 40 20 0
126
151
122
106
180
2016
2017
2018
2019
2020
SA L E S VO LU M E CO M PA R I S O N $90M $80M $70M $60M $50M $40M $30M $20M $10M 0
$34,519,710
$57,397,167
$74,144,650
$34,415,350
$91,400,350
2016
2017
2018
2019
2020
*Data sales fromListing 1.1 through 12.31 of each year. Source of all data contained in thisgathered report is the is Vailfrom BoardLand of Realtors, Multiple Service. Information is deemed reliable but not guaranteed. Consult your Slifer Smith & Frampton Broker for more information. ©2021 Slifer Smith & Frampton Real Estate
2020 ANNUAL SLIFER REPORT 2 0 2 0 A N N UA L S L I F E R R E P O R T
23
LOCAL LOCAL
COMPANY, COMPANY,
GLOBAL GLOBAL
REACH. REACH. Slifer Smith & Frampton becomes founding member and partial owner of Forbes Global Properties. Completely unique to the real estate industry, this elite network is backed by the world's most famous business media brand whose name says it all. SSF is one of the first firms in the world selected for this exclusive membership to a new consumer marketplace that connects buyers directly to the world's finest homes, as well as the brokers that represent them. Slifer Smith & Frampton Real Estate remains locally owned and operated, capitalizing on Forbes' worldwide reach of 140 million monthly global visitors. We're proud to have joined an exceptional global brand that helps us continue our saying of "We're just getting started."
Find your mountain dream at Find your mountain dream at:
VailRealEstate.com
VailRealEstate.com
Source of all data contained in this report is the Vail Board of Realtors, Multiple Listing Service. Information is deemed reliable but not guaranteed. Consult your Slifer Smith & Frampton Broker for more information. Š2021 Slifer Smith & Frampton Real Estate
2020 AN N UA LLOCAL SLIFER R EPO R T 50 years Helping people LIVE for over
24
LOCAL BRAND, LOCAL LEADERS VAIL VALLEY MARKET SHARE* $1.4B $1.2B
47%
$1B
$2,613,488,319 F
th
SS
$905,259,820 eb y's
w ha ire
V
H
So
at
Vo l l&
rk
sh
ge En
e Ro
n
Be
By
rn
ay
s ke r
es at ci so As &
le Ke l
Co
ld
w
el
lB
an
ke r
rW
Di
ill
st
ia
in
m
s
…
0
LI
$0.2B
$635,537,743
$120,444,844
$96,574,257
$0.4B
$215,316,625
$0.6B
$256,788,504
$0.8B
A look back on 2020 – the real estate market in the Vail Valley has reached historic highs and lows. Residential and land sales volume topped $2.7 billion, which is up 52% from 2019. Inventory is down 61% since January 2012, a record low. SSF’s transaction production was up 37% from 2019, creating a 56% increase in year-over-year sales volume. In this time, SSF has been grateful to expand our reach to Denver, hire new brokers, additional support systems, and create a New Development division. Slifer Smith & Frampton has earned the prestigious annual market share top ranking… every year since 1994.
135+
BROKERS
65+
SUPPORT STAFF
18 SALES LOCATIONS
*Data gathered is from Land and Residential sales from 1.1.20 - 12.31.20 Source of all data is the Vail Board of Realtors, Multiple Listing Service. Information is deemed reliable but not guaranteed. Source of all data contained in this report is the Vail Board of Realtors, Multiple Listing Service. Information is deemed reliable but not guaranteed. Consult your Slifer Smith & Frampton Broker for more information. ©2021 Slifer Smith & Frampton Real Estate
2 0 2 0 A N N UA L S L I F E R R E P O R T
25
2020 ANNUAL SLIFER REPORT
YOUR ROCKY MOUNTAIN CORRIDOR REAL ESTATE CONNECTION.
Source of all data contained in this report is the Vail Board of Realtors, Multiple Listing Service. Information is deemed reliable but not guaranteed. Consult your Slifer Smith & Frampton Broker for more information. ©2021 Slifer Smith & Frampton Real Estate
2 0 2 0 A N N UA L S L I F E R R E P O R T
26
Home can take you anywhere. Wherever your Colorado home awaits, a Slifer broker is never far away to find it for you.
SliferSmithandFrampton.com
Source of all data contained in this report is the Vail Board of Realtors, Multiple Listing Service. Information is deemed reliable but not guaranteed. Consult your Slifer Smith & Frampton Broker for more information. Š2021 Slifer Smith & Frampton Real Estate
2 0 2 0 A N N UA L S L I F E R R E P O R T
27
2 0 2 0 | VA I L VA L L E Y, C O L O R A D O
