T he Slifer R eport VAIL VALLEY REAL ESTATE 2017 6 MONTH REVIEW
VAILRE ALESTATE .COM
TA B L E O F C O N T E N T S Introduction................................................................3 Company Performance...........................................4 Vail Valley at a Glance......................................... 5-6 Eagle County Six Month Comparisons...................7
E A S T >>> W E S T Vail Village & Lionshead..........................................8 Vail Golf Course, Spraddle Creek & Cascade Village...................................................9 Vail - All Other Areas............................................ 10 EagleVail................................................................ 11 Avon & Wildridge................................................. 12 Mountain Star....................................................... 13 Beaver Creek Village............................................. 14 Bachelor Gulch Village.......................................... 15 Arrowhead Village................................................ 16 Edwards, Homestead & Lake Creek Valley..............................................17 Singletree.............................................................. 18 Cordillera, Cordillera Valley Club & Timber Springs..................................................19 Wolcott, Bellyache Ridge & Red Sky Ranch...................................................20 Eagle & Eagle Ranch.............................................21 Gypsum, Cotton Ranch & Gypsum Valley Brightwater Club..........................22 Vail Valley Land Overview.....................................23 Online Tools - Real Time Alerts............................ 24 Global Reach.........................................................25 SSF Information & Office Listings.........................26
T
he Eagle County real estate market continued to exhibit strong momentum at the close of the second quarter of 2017. According to the Land Title Guarantee Market Analysis Report, Eagle County real estate sales surpassed $1
billion in the first 6 months of 2017 for the first time since 2008.* This was an increase of 47% over last year. From January to June, there were 699 residential & land closings totaling $784.3 million in sales volume. This represented a 10% increase in transactions and 36% jump in sales volume compared to 2016, setting the stage for an active summer and fall. The notable increase in dollar volume is largely a result of a resurgence in the luxury niche of our market, where we have witnessed some landmark transactions in Vail, Beaver Creek and Bachelor Gulch. As of June 30, sales of properties priced $5M and greater had jumped from 9 transactions in 2016 to 24 this year. We anticipate this kind of activity will continue through the fall, based on current showing activity. That being said, the luxury market is not the only segment seeing large increases this year. Single family/duplex sales in the Edwards/Homestead/Lake Creek Valley are up 114% with 15 sales compared to 7 in the first six months of 2016. The Cordillera market saw similar increases with 24 single family homes selling between January and June of this year, compared to 13 during the same time in 2016. This represents an 84% increase over last year. The Down Valley markets of Eagle and Gypsum remain strong with a combined total of 96 single family/duplex transactions and 43 townhome/condo sales in the first 6 months of 2017. With demand remaining steady and inventory still low in most segments of the market, we expect to experience similar upward momentum in the second half of the year.** Slifer Smith & Frampton Real Estate continues to be the market leader in Eagle County, outpacing our closest competitor by over $490 million in sales volume. We are proud of this achievement, as it is a result of helping our clients successfully fulfill their dreams of owning a home in the Vail Valley. We hope you enjoy reviewing this comprehensive real estate market report and that it will prove to be of value, especially if you are considering buying or selling over the coming year. Please contact your Slifer Smith & Frampton Real Estate broker for more information or stop by one of our 19 convenient office locations in Eagle County.
Best Regards,
John P feiffer John Pfeiffer President & Managing Broker Slifer Smith & Frampton Real Estate
*Source: Land Title Guarantee June 2017 – Market Analysis **Source: Vail Board of Realtors, Multiple Listing Service – Residential & Land Sales
*Source: Land Title Guarantee June 2017 – Market Analysis **Source: Vail Board of Realtors, Multiple Listing Service – Residential & Land Sales
3
LOCAL BRAND, LOCAL LEADERS. $718.4 MILLION
SLIFER SMITH & FRAMPTON MARKET SHARE *
$600.0
$400.0
$226.3 $195.3
$29.8
$46.8
$54.4
EB L I Y’ V S SO TH
B H ER AT K H SH AW IR AY E
K I L EL LI LE A R M S W
E VO NG L K EL ER & S
E CO US RT TAQ IN U A IO RE
SSF
&
R A ON SS O BY CI R AT NE ES
RI ST RE IAN A IA LT Y
CH
N D E M SS U S
A
D
A
BR
C
CO L BA DW N EL KE L R
$0.0
Slifer Smith & Frampton Real Estate has a 54-year local perspective and over 100 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 1.1.17 through 6.30.2017 Source of all data is the Vail Board of Realtors, Multiple Listing Service. Information is deemed reliable but not guaranteed.
VAILRE ALESTATE .COM
2017 S I X M O N T H SL I FE R R E P O R T 4
MILLIONS
$21.2
$18.7
$18.4
$26.5
$200.0
VAIL VALLEY AT A GLANCE GOLF COMMUNITY
Wolcott & Bellyache Ridge
SKI RESORT
SSF OFFICES
70
Gypsum
EAGLE COUNTY AIRPORT
Red Sky Ranch
Cordillera Valley Club Edwards
Eagle Eagle Ranch
Cordillera
Frost Creek
Arrowhead Lake Creek
SLIFER SMITH & FRAMPTON VAIL | 5 locations >>>
AVON | 3 locations >>>
Bridge Street | 230 Bridge St | 970.476.2421
The Westin Riverfront Village | 126 Riverfront Ln, Ste. C-100 | 970.748.5420
Bridge Street | 281 Bridge St | 970.479.5777
Mountain Star | 39 Paintbrush | 970.748.5545
Solaris at Vail | 141 E Meadow Dr | 970.477.5720
Avon Corporate | 30 Benchmark Rd, Ste. 107 | 970.845.2000
Lionshead | 531 E Lionshead Cir, Ste. 11 | 970.479.0245 Four Seasons Resort | One Vail Rd | 970.479.2015
CORDILLERA | 2 locations >>> The Divide | 2203 Cordillera Way | 970.926.3505 The Summit | 325 Settlers Loop | 970.926.6752
2017 S I X M O N T H SL I FE R R E P O R T 5
Singletree
Mountain Star
Avon & Wildridge
North West Vail
Lionshead
Vail Village 70
s Bachelor EagleVail Gulch
d
k
Beaver Creek
Minturn
East Vail
REAL ESTATE OFFICES VILLAGES OF BEAVER CREEK | 8 locations >>> Arrowhead | 160 Cresta Rd | 970.926.3000 Bachelor Gulch Village | 130 Daybreak Ridge, The Ritz-Carlton® | 970.845.2300 Highlands Lodge | 15 Highlands Ln | 970.845.9403 Park Hyatt Promenade | 148 Beaver Creek Plaza, adjacent to ice rink | 970.845.9400 Park Hyatt Lobby | 148 Beaver Creek Plaza | 970.845.3836 St James Place | 210 Offerson Rd | 970.845.9900
We live here, we work here, we play here. Find your place at:
The Charter | 120 Offerson Rd | 970.845.3815
W W W.VAILREALESTATE. COM
Vacation Ownership Office | 46 Avondale Ln | 970.949.5811
EAGLE Eagle Ranch | 1143 Capitol St | 970.328.2550
2017 S I X M O N T H SL I FE R R E P O R T 6
E AG L E C O U N T Y | 5 -Y E A R C O M PA R I S O N TRANSACTION VOLUME COMPARISON | JANUARY-JUNE 700
699
628
NUMBER OF TRANSACTIONS
600
588 541
546
2013
2014
500
400
2015
2016
2017
SALES VOLUME COMPARISON | JANUARY-JUNE $800.0
$784.3 $700.0
$660.4 $633.7
$600.0
$572.8
MILLIONS
$500.0
$453.7 $400.0
2013
2014
2015
2016
2017
Data represents January 1–June 30 for all years. 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. ©2017 Slifer Smith & Frampton Real Estate
2017 S I X M O N T H SL I FE R R E P O R T 7
VAIL VILLAGE & LIONSHEAD S I N G L E - FA M I LY/ D U P L E X SALES VOLUME
NO. OF SALES
AVER AGE DAYS ON MARKET
AVER AGE SALE
MEDIAN SALE
2015
$69,095,000
7
317
$9,870,714
$9,400,000
2016
$0
0
0
$0
$0
2017
$48,925,000
3
551
$16,308,333
$13,500,000
SALES VOLUME
NO. OF SALES
AVER AGE DAYS ON MARKET
AVER AGE SALE
MEDIAN SALE
2015
$114,472,208
47
388
$2,435,579
$1,760,000
2016
$77,636,467
32
504
$2,426,140
$2,150,000
2017
$117,777,998
39
456
$3,019,949
$2,300,000
CONDOMINIUM/ TOWNHOME
P R I C E P E R S Q UA R E F O O T C O M PA R I S O N SINGLE- FAMILY/DUPLE X AVERAGE
2015
2016
2017
$1,759
$0
$2,178
CONDOMINIUM/ TOWNHOME AVERAGE
2015
2016
2017
$1,550
$1,464
$1,557
SALE PRICE VS LIST PRICE SINGLE- FAMILY/DUPLE X AVERAGE OF SALE PRICE/LAST LISTED PRICE:
CONDOMINIUM/ TOWNHOME
89.20%
AVERAGE OF SALE PRICE/LAST LISTED PRICE:
91.88%
Data represents January 1–June 30 for all years. 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. ©2017 Slifer Smith & Frampton Real Estate
2017 S I X M O N T H SL I FE R R E P O R T 8
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
AVER AGE DAYS ON MARKET
AVER AGE SALE
MEDIAN SALE
2015
$4,600,000
2
895
$2,300,000
$2,300,000
2016
$13,545,000
4
649
$3,386,250
$3,622,500
2017
$31,497,000
9
220
$3,499,667
$3,200,000
SALES VOLUME
NO. OF SALES
AVER AGE DAYS ON MARKET
AVER AGE SALE
MEDIAN SALE
2015
$7,390,000
6
53
$1,231,667
$1,442,500
2016
$15,713,000
11
300
$1,428,455
$1,360,000
2017
N/A
8
195
$1,582,750
N/A
CONDOMINIUM/ TOWNHOME
P R I C E P E R S Q UA R E F O O T C O M PA R I S O N SINGLE- FAMILY/DUPLE X AVERAGE
2015
2016
2017
$643
$949
$963
CONDOMINIUM/ TOWNHOME AVERAGE
2015
2016
2017
$697
$770
$843
SALE PRICE VS LIST PRICE SINGLE- FAMILY/DUPLE X AVERAGE OF SALE PRICE/LAST LISTED PRICE:
CONDOMINIUM/ TOWNHOME
91.19%
AVERAGE OF SALE PRICE/LAST LISTED PRICE:
95.49%
Data represents January 1–June 30 for all years. 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. ©2017 Slifer Smith & Frampton Real Estate
2017 S I X M O N T H SL I FE R R E P O R T 9
VAIL – ALL OTHER AREAS S I N G L E - FA M I LY/ D U P L E X SALES VOLUME
NO. OF SALES
AVER AGE DAYS ON MARKET
AVER AGE SALE
MEDIAN SALE
2015
$50,011,300
26
212
$1,923,512
$1,610,900
2016
$45,086,375
32
175
$1,408,949
$1,259,000
2017
$51,080,050
25
148
$2,043,202
$1,855,000
SALES VOLUME
NO. OF SALES
AVER AGE DAYS ON MARKET
AVER AGE SALE
MEDIAN SALE
2015
$18,915,500
34
83
$556,338
$567,000
2016
$24,637,480
40
133
$615,937
$566,250
2017
$30,938,675
47
70
$658,270
$580,000
CONDOMINIUM/ TOWNHOME
P R I C E P E R S Q UA R E F O O T C O M PA R I S O N SINGLE- FAMILY/DUPLE X AVERAGE
2015
2016
2017
$542
$498
$591
CONDOMINIUM/ TOWNHOME AVERAGE
2015
2016
2017
$465
$470
$505
SALE PRICE VS LIST PRICE SINGLE- FAMILY/DUPLE X AVERAGE OF SALE PRICE/LAST LISTED PRICE:
CONDOMINIUM/ TOWNHOME
93.44%
AVERAGE OF SALE PRICE/LAST LISTED PRICE:
97.30%
Data represents January 1–June 30 for all years. 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. ©2017 Slifer Smith & Frampton Real Estate
2017 S I X M O N T H SL I FE R R E P O R T 10
EAGLE-VAIL S I N G L E - FA M I LY/ D U P L E X SALES VOLUME
NO. OF SALES
AVER AGE DAYS ON MARKET
AVER AGE 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
SALES VOLUME
NO. OF SALES
AVER AGE DAYS ON MARKET
AVER AGE 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
CONDOMINIUM/ TOWNHOME
P R I C E P E R S Q UA R E F O O T C O M PA R I S O N SINGLE- FAMILY/DUPLE X AVERAGE
2015
2016
2017
$247
$299
$336
CONDOMINIUM/ TOWNHOME AVERAGE
2015
2016
2017
$299
$318
$310
SALE PRICE VS LIST PRICE SINGLE- FAMILY/DUPLE X AVERAGE OF SALE PRICE/LAST LISTED PRICE:
CONDOMINIUM/ TOWNHOME
96.03%
AVERAGE OF SALE PRICE/LAST LISTED PRICE:
96.82%
Data represents January 1–June 30 for all years. 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. ©2017 Slifer Smith & Frampton Real Estate
2017 S I X M O N T H SL I FE R R E P O R T 11
AVON & WILDRIDGE S I N G L E - FA M I LY/ D U P L E X SALES VOLUME
NO. OF SALES
AVER AGE DAYS ON MARKET
AVER AGE SALE
MEDIAN SALE
2015
$11,159,750
12
221
$929,979
$761,000
2016
$7,238,500
8
189
$904,813
$765,000
2017
$15,893,750
12
156
$1,324,479
$915,625
SALES VOLUME
NO. OF SALES
AVER AGE DAYS ON MARKET
AVER AGE SALE
MEDIAN SALE
2015
$16,343,370
39
102
$419,061
$335,000
2016
$37,584,131
69
128
$544,698
$435,000
2017
$27,677,453
61
102
$453,729
$355,000
CONDOMINIUM/ TOWNHOME
P R I C E P E R S Q UA R E F O O T C O M PA R I S O N SINGLE- FAMILY/DUPLE X AVERAGE
2015
2016
2017
$280
$322
$327
CONDOMINIUM/ TOWNHOME AVERAGE
2015
2016
2017
$351
$433
$446
SALE PRICE VS LIST PRICE SINGLE- FAMILY/DUPLE X AVERAGE OF SALE PRICE/LAST LISTED PRICE:
CONDOMINIUM/ TOWNHOME
95.00%
AVERAGE OF SALE PRICE/LAST LISTED PRICE:
96.85%
Data represents January 1–June 30 for all years. 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. ©2017 Slifer Smith & Frampton Real Estate
2017 S I X M O N T H SL I FE R R E P O R T 12
MOUNTAIN STAR S I N G L E - FA M I LY/ D U P L E X SALES VOLUME
NO. OF SALES
AVER AGE DAYS ON MARKET
AVER AGE SALE
MEDIAN SALE
2015
$10,795,000
2
487
$5,397,500
$5,379,500
2016
$3,450,000
1
250
$3,450,000
$3,450,000
2017
$0
0
0
$0
$0
P R I C E P E R S Q UA R E F O O T C O M PA R I S O N SINGLE- FAMILY/DUPLE X AVERAGE
2015
2016
2017
$694
$521
$0
SALE PRICE VS LIST PRICE SINGLE- FAMILY/DUPLE X AVERAGE OF SALE PRICE/LAST LISTED PRICE:
0.00%
Data represents January 1–June 30 for all years. 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. ©2017 Slifer Smith & Frampton Real Estate
2017 S I X M O N T H SL I FE R R E P O R T 13
BEAVER CREEK VILLAGE S I N G L E - FA M I LY/ D U P L E X SALES VOLUME
NO. OF SALES
AVER AGE DAYS ON MARKET
AVER AGE SALE
MEDIAN SALE
2015
$46,500,000
9
405
$5,166,667
$5,120,000
2016
$13,820,000
4
236
$3,455,000
$1,935,000
2017
$38,855,000
7
265
$5,550,714
$5,300,000
SALES VOLUME
NO. OF SALES
AVER AGE DAYS ON MARKET
AVER AGE SALE
MEDIAN SALE
2015
$46,394,900
36
233
$1,288,747
$975,000
2016
$52,332,500
32
283
$1,635,391
$1,168,750
2017
$62,661,900
40
253
$1,566,548
$1,162,500
CONDOMINIUM/ TOWNHOME
P R I C E P E R S Q UA R E F O O T C O M PA R I S O N SINGLE- FAMILY/DUPLE X AVERAGE
2015
2016
2017
$750
$661
$887
CONDOMINIUM/ TOWNHOME AVERAGE
2015
2016
2017
$679
$733
$767
SALE PRICE VS LIST PRICE SINGLE- FAMILY/DUPLE X AVERAGE OF SALE PRICE/LAST LISTED PRICE:
CONDOMINIUM/ TOWNHOME
95.62%
AVERAGE OF SALE PRICE/LAST LISTED PRICE:
94.47%
Data represents January 1–June 30 for all years. 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. ©2017 Slifer Smith & Frampton Real Estate
2017 S I X M O N T H SL I FE R R E P O R T 14
BACHELOR GULCH VILLAGE S I N G L E - FA M I LY/ D U P L E X SALES VOLUME
NO. OF SALES
AVER AGE DAYS ON MARKET
AVER AGE 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
SALES VOLUME
NO. OF SALES
AVER AGE DAYS ON MARKET
AVER AGE SALE
MEDIAN SALE
2015
$22,463,900
17
97
$1,321,406
$1,179,900
2016
$18,083,600
10
273
$1,808,360
$1,900,000
2017
$18,912,500
9
426
$2,101,389
$1,950,000
CONDOMINIUM/ TOWNHOME
P R I C E P E R S Q UA R E F O O T C O M PA R I S O N SINGLE- FAMILY/DUPLE X AVERAGE
2015
2016
2017
$974
$838
$1,049
CONDOMINIUM/ TOWNHOME AVERAGE
2015
2016
2017
$864
$858
$919
SALE PRICE VS LIST PRICE SINGLE- FAMILY/DUPLE X AVERAGE OF SALE PRICE/LAST LISTED PRICE:
CONDOMINIUM/ TOWNHOME
96.42%
AVERAGE OF SALE PRICE/LAST LISTED PRICE:
93.93%
Data represents January 1–June 30 for all years. 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. ©2017 Slifer Smith & Frampton Real Estate
2017 S I X M O N T H SL I FE R R E P O R T 15
ARROWHEAD VILLAGE S I N G L E - FA M I LY/ D U P L E X SALES VOLUME
NO. OF SALES
AVER AGE DAYS ON MARKET
AVER AGE SALE
MEDIAN SALE
2015
$30,867,500
13
207
$2,374,423
$1,950,000
2016
$21,430,000
9
163
$2,381,111
$2,150,000
2017
$20,731,875
10
173
$2,073,188
$1,965,500
SALES VOLUME
NO. OF SALES
AVER AGE DAYS ON MARKET
AVER AGE SALE
MEDIAN SALE
2015
$14,531,075
16
168
$908,192
$770,000
2016
$11,464,200
10
140
$1,146,420
$1,142,100
2017
$9,695,000
11
66
$881,364
$695,000
CONDOMINIUM/ TOWNHOME
P R I C E P E R S Q UA R E F O O T C O M PA R I S O N SINGLE- FAMILY/DUPLE X AVERAGE
2015
2016
2017
$505
$556
$521
CONDOMINIUM/ TOWNHOME AVERAGE
2015
2016
2017
$570
$549
$580
SALE PRICE VS LIST PRICE SINGLE- FAMILY/DUPLE X AVERAGE OF SALE PRICE/LAST LISTED PRICE:
CONDOMINIUM/ TOWNHOME
96.38%
AVERAGE OF SALE PRICE/LAST LISTED PRICE:
94.97%
Data represents January 1–June 30 for all years. 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. ©2017 Slifer Smith & Frampton Real Estate
2017 S I X M O N T H SL I FE R R E P O R T 16
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
AVER AGE DAYS ON MARKET
AVER AGE SALE
MEDIAN SALE
2015
$8,280,866
7
339
$1,182,981
$870,500
2016
$11,065,000
7
243
$1,580,714
$912,000
2017
$21,782,500
15
167
$1,452,167
$1,050,000
SALES VOLUME
NO. OF SALES
AVER AGE DAYS ON MARKET
AVER AGE SALE
MEDIAN SALE
2015
$10,743,500
27
62
$397,907
$400,000
2016
$16,964,500
40
72
$424,113
$391,000
2017
$16,810,900
38
32
$442,392
$395,000
CONDOMINIUM/ TOWNHOME
P R I C E P E R S Q UA R E F O O T C O M PA R I S O N SINGLE- FAMILY/DUPLE X AVERAGE
2015
2016
2017
$262
$292
$370
CONDOMINIUM/ TOWNHOME AVERAGE
2015
2016
2017
$264
$303
$368
SALE PRICE VS LIST PRICE SINGLE- FAMILY/DUPLE X AVERAGE OF SALE PRICE/LAST LISTED PRICE:
CONDOMINIUM/ TOWNHOME
94.99%
AVERAGE OF SALE PRICE/LAST LISTED PRICE:
97.46%
Data represents January 1–June 30 for all years. 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. ©2017 Slifer Smith & Frampton Real Estate
2017 S I X M O N T H SL I FE R R E P O R T 17
SINGLETREE S I N G L E - FA M I LY/ D U P L E X SALES VOLUME
NO. OF SALES
AVER AGE DAYS ON MARKET
AVER AGE SALE
MEDIAN SALE
2015
$15,173,725
17
149
$892,572
$799,000
2016
$25,139,500
22
177
$1,142,705
$1,020,000
2017
$17,741,000
16
159
$1,108,812
$967,500
SALES VOLUME
NO. OF SALES
AVER AGE DAYS ON MARKET
AVER AGE SALE
MEDIAN SALE
2015
$377,500
1
32
$377,500
$377,500
2016
$3,011,500
5
59
$602,300
$590,000
2017
$924,000
2
63
$462,000
$462,000
CONDOMINIUM/ TOWNHOME
P R I C E P E R S Q UA R E F O O T C O M PA R I S O N SINGLE- FAMILY/DUPLE X AVERAGE
2015
2016
2017
$305
$319
$373
CONDOMINIUM/ TOWNHOME AVERAGE
2015
2016
2017
$283
$338
$374
SALE PRICE VS LIST PRICE SINGLE- FAMILY/DUPLE X AVERAGE OF SALE PRICE/LAST LISTED PRICE:
CONDOMINIUM/ TOWNHOME
96.19%
AVERAGE OF SALE PRICE/LAST LISTED PRICE:
94.29%
Data represents January 1–June 30 for all years. 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. ©2017 Slifer Smith & Frampton Real Estate
2017 S I X M O N T H SL I FE R R E P O R T 18
CORDILLERA, CORDILLERA VALLEY CLUB & TIMBER SPRINGS S I N G L E - FA M I LY/ D U P L E X SALES VOLUME
NO. OF SALES
AVER AGE DAYS ON MARKET
AVER AGE SALE
MEDIAN SALE
2015
$29,707,900
16
405
$1,856,744
$1,650,000
2016
$21,334,800
13
268
$1,641,138
$1,480,000
2017
$40,837,000
24
378
$1,701,542
$1,725,000
P R I C E P E R S Q UA R E F O O T C O M PA R I S O N SINGLE- FAMILY/DUPLE X AVERAGE
2015
2016
2017
$282
$311
$326
SALE PRICE VS LIST PRICE SINGLE- FAMILY/DUPLE X AVERAGE OF SALE PRICE/LAST LISTED PRICE:
91.34%
Data represents January 1–June 30 for all years. 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. ©2017 Slifer Smith & Frampton Real Estate
2017 S I X M O N T H SL I FE R R E P O R T 19
WOLCOTT, BELLYACHE RIDGE & RED SK Y RANCH S I N G L E - FA M I LY/ D U P L E X SALES VOLUME
NO. OF SALES
AVER AGE DAYS ON MARKET
AVER AGE SALE
MEDIAN SALE
2015
$2,845,000
2
387
$1,422,500
$1,422,500
2016
$5,801,000
4
184
$1,450,250
$1,183,750
2017
$4,427,000
4
218
$1,106,750
$920,000
P R I C E P E R S Q UA R E F O O T C O M PA R I S O N SINGLE- FAMILY/DUPLE X AVERAGE
2015
2016
2017
$227
$301
$328
SALE PRICE VS LIST PRICE SINGLE- FAMILY/DUPLE X AVERAGE OF SALE PRICE/LAST LISTED PRICE:
94.09%
Data represents January 1–June 30 for all years. 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. ©2017 Slifer Smith & Frampton Real Estate
2017 S I X M O N T H SL I FE R R E P O R T 20
EAGLE & EAGLE RANCH S I N G L E - FA M I LY/ D U P L E X SALES VOLUME
NO. OF SALES
AVER AGE DAYS ON MARKET
AVER AGE SALE
MEDIAN SALE
2015
$27,847,440
43
152
$647,615
$573,000
2016
$26,631,134
39
86
$682,850
$615,000
2017
$28,982,451
45
102
$644,054
$580,000
SALES VOLUME
NO. OF SALES
AVER AGE DAYS ON MARKET
AVER AGE SALE
MEDIAN SALE
2015
$6,854,700
23
51
$298,030
$285,000
2016
$12,101,534
38
75
$318,461
$295,500
2017
$10,153,309
28
44
$362,618
$345,000
CONDOMINIUM/ TOWNHOME
P R I C E P E R S Q UA R E F O O T C O M PA R I S O N SINGLE- FAMILY/DUPLE X AVERAGE
2015
2016
2017
$188
$196
$220
CONDOMINIUM/ TOWNHOME AVERAGE
2015
2016
2017
$196
$220
$248
S A L E P R I C E V S L I S T P R I C E C O M PA R I S O N SINGLE- FAMILY/DUPLE X AVERAGE OF SALE PRICE/LAST LISTED PRICE:
CONDOMINIUM/ TOWNHOME
97.44%
AVERAGE OF SALE PRICE/LAST LISTED PRICE:
98.51%
Data represents January 1–June 30 for all years. 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. ©2017 Slifer Smith & Frampton Real Estate
2017 S I X M O N T H SL I FE R R E P O R T 21
GYPSUM, COTTON RANCH & GYPSUM VALLEY BRIGHTWATER CLUB S I N G L E - FA M I LY/ D U P L E X SALES VOLUME
NO. OF SALES
AVER AGE DAYS ON MARKET
AVER AGE SALE
MEDIAN SALE
2015
$18,136,885
45
66
$403,042
$385,000
2016
$16,030,373
40
78
$400,759
$400,750
2017
$22,339,892
51
68
$438,037
$415,000
SALES VOLUME
NO. OF SALES
AVER AGE DAYS ON MARKET
AVER AGE SALE
MEDIAN SALE
2015
$1,262,000
5
22
$252,400
$255,000
2016
$2,719,327
11
61
$247,212
$239,000
2017
$3,535,500
15
34
$235,700
$238,000
CONDOMINIUM/ TOWNHOME
P R I C E P E R S Q UA R E F O O T C O M PA R I S O N SINGLE- FAMILY/DUPLE X AVERAGE
2015
2016
2017
$177
$198
$219
CONDOMINIUM/ TOWNHOME AVERAGE
2015
2016
2017
$161
$186
$184
S A L E P R I C E V S L I S T P R I C E C O M PA R I S O N SINGLE- FAMILY/DUPLE X AVERAGE OF SALE PRICE/LAST LISTED PRICE:
CONDOMINIUM/ TOWNHOME
99.39%
AVERAGE OF SALE PRICE/LAST LISTED PRICE:
99.95%
Data represents January 1–June 30 for all years. 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. ©2017 Slifer Smith & Frampton Real Estate
2017 S I X M O N T H SL I FE R R E P O R T 22
2 017 S I X M O N T H | VA I L VA L L E Y L A N D OV E R V I E W
TRANSACTION VOLUME COMPARISON 80
79
NUMBER OF TRANSACTIONS
70
60
70
60
60 56
50
40
2013
2014
2015
2016
2017
SALES VOLUME COMPARISON $40.0
$30.0
$31.3 $29
$28.2 $20.0
$15 $12.5
MILLIONS
$10.0
$0.0
2013
2014
2015
2016
2017
Data represents January 1–June 30 for all years. 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. ©2017 Slifer Smith & Frampton Real Estate
2017 S I X M O N T H SL I FE R R E P O R T 23
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2017 S I X M O N T H SL I FE R R E P O R T 24
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Our international organization produced more home sales volume than any national real estate network. Being part of the global economy goes far beyond technology; it requires the human touch. We are proud to belong to the
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REACH. $62 BILLION MORE U.S. HOME SALES VOLUME IN 2016 THAN OUR CLOSEST COMPETITOR
$350
Actual member statistics for LeadingRE and estimates for other networks using average sales units per agent and average sales price for firms in each respective network from published sources for 2016 production.
$368B
Sources: REAL Trends National Network 2016 Totals Final Report.
$300
$200 $150
$50
$260B $225B
$150B $127B $68B
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COUNTRIES
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SLIFER SMITH & FRAMPTON REAL ESTATE OFFICES FOR FUR THER RE AL ES TATE MARKET INFORMATION PLE A SE VISIT US AT THE FOLLOWING LOC ATIONS THROUGHOUT THE VAIL VALLE Y:
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230 Bridge Street 970.476.2421
Arrowhead
281 Bridge Street 970.479.5777
970.926.3000
Solaris 970.477.5720
970.845.2300
Bachelor Gulch Village
Highlands Lodge
Lionshead 970.479.0245
970.845.9403
Four Seasons 970.479.0245
Park Hyatt
AV O N
970.845.9400
Promenade and Lobby
Benchmark Office 970.845.2000
St. James Place
Mountain Star 970.748.5545
The Charter
970.845.9900
The Westin Riverfront 970.748.5420
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