l l e y R e a l E s tat a V l i e Va
The Slifer Report 2008 6MONTH MARKET REVIEW
Since
Va l l e y R e a l E s tat e Va i l
The Slifer Report 2008 6MONTH MARKET REVIEW
Table of Contents Vail Village & LionsHead...................................................... 3 Vail Golf Course, Spraddle Creek & Cascade Village ......... 4 All Other Vail Areas ............................................................. 5 Eagle-Vail, Avon & Wildridge .............................................. 6 Beaver Creek ....................................................................... 7 Bachelor Gulch Village ......................................................8,9 Arrowhead ..........................................................................10 Singletree ...........................................................................11 Edwards, Homestead & Lake Creek ..................................12 Cordillera, Cordillera Valley Club & Timber Springs ..........13 Eagle, Eagle Ranch, Brush Creek & Gypsum ................ 14,15 Office Listings ....................................................................16
VailRealEstate.com ©2008 Slifer Smith & Frampton Real Estate
Vail Village & LionsHead Single-fa mily/Duple x Sales No. Volume of Sales
Ave. Days on Market
Ave. Sale
High Sale
Low Sale
Median Sale
2004
$8,905,000
3
349
$2,968,333
$3,830,000
$1,600,000
$3,475,000
% Change
119.80%
33.33%
-46.42%
64.85%
87.99%
-11.05%
57.55%
2005
$19,573,125
4
187
$4,893,281
$7,200,000
$1,423,125
$5,475,000
% Change
-7.02%
-50.00%
137.43%
85.97%
38.89%
476.20%
66.21%
2006
$18,200,000
2
444
$9,100,000
$10,000,000
$8,200,000
$9,100,000
190.66% 400.00%
65.77%
-41.87%
32.50%
-62.80%
-53.57%
% Change
2007
$52,900,000
10
736
$5,290,000
$13,250,000
$3,050,000
$4,225,000
% Change
-75.90%
-90.00%
54.21%
141.02%
-3.77%
318.03%
201.78%
2008
$12,750,000
1
1135
$12,750,000
$12,750,000
$12,750,000
$12,750,000
* Days on market does not include days on market for Gore Creek Place, a new construction project that closed in 2006
Condominium/Tow nhome/Tr iple x Sales No. Volume of Sales
Ave. Days on Market
Ave. Sale
High Sale
Low Sale
Median Sale
2004
$49,823,000
54
215
$922,648
$4,600,000
$176,000
$645,000
% Change
40.59%
-14.81%
-32.56%
65.05%
17.39%
92.61%
55.43%
2005
$70,048,600
46
145
$1,522,796
$5,400,000
$339,000
$1,002,500
% Change
-13.33%
-26.09%
-6.21%
17.26%
37.04%
19.47%
39.65%
2006
$60,713,000
34
136
$1,785,676
$7,400,000
$405,000
$1,400,000
% Change
-23.52%
-35.29%
-20.59%
18.20%
18.24%
104.94%
11.25%
2007
$46,435,050
22
108
$2,110,684
$8,750,000
$830,000
$1,557,500
% Change
471.85%
263.64%
585.19%
57.26%
20.00%
-37.35%
79.45%
2008 $265,541,100
80
740
$3,319,214
$10,500,000
$520,000
$2,795,000
pr ice per squar e foot compar ison Single-Family/Duplex
2004 average high low
2005
2006
$910 $1,544
$1,513
2007
Condominium/Townhome
2008
2004
$1,115 $1,265
average
$1,156 $2,473 $1,838 $1,495 $1,265
high
$717
$489
$1,188
$871 $1,265
low
2005
2006
2007
2008
$692 $1,075 $1,303 $1,546 $1,265 $1,654 $2,246 $362
$482
$2,141 $2,934 $2,799 $672
$870
$706
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.
2008 Slifer Report 6-Month Update
Vail Village & LionsHead
3
Vail Golf Course, Spraddle Creek & Cascade Village Single-fa mily/Duple x Sales No. Volume of Sales
Ave. Days on Market
Ave. Sale
High Sale
Low Sale
Median Sale
2004
$6,385,000
4
358
$1,596,250
$2,200,000
$950,000
$1,617,000
% Change
119.73%
50.00%
33.52%
46.49%
112.50%
52.63%
6.37%
2005
$14,030,000
6
478
$2,338,333
$4,675,000
$1,450,000
$1,720,000
% Change
150.27%
33.33%
-41.21%
87.70%
199.47%
75.86%
80.23%
2006
35,112,500
8
281
$4,389,063
$14,000,000
$2,550,000
$3,100,000
% Change
-40.46%
0.00%
47.33%
-40.46%
-65.96%
-51.96%
-23.39%
2007
20,907,500
8
414
$2,613,438
$4,765,000
$1,225,000
$2,375,000
% Change
-47.63%
-75.00%
-46.62%
109.48%
75.24%
112.16%
130.51%
2008
10,949,000
2
221
$5,474,500
$8,350,000
$2,599,000
$5,474,500
Ave. Days on Market
Ave. Sale
High Sale
Low Sale
Median Sale
Condominium/Tow nhome/Tr iple x Sales No. Volume of Sales
2004
$6,670,500
11
109
$606,409
$1,150,000
$250,000
$650,000
% Change
15.52%
-18.18%
14.68%
41.20%
7.83%
71.60%
38.77%
2005
$7,706,000
9
125
$856,222
$1,240,000
$429,000
$902,000
% Change
100.75%
11.11%
9.60%
80.68%
194.35%
18.88%
29.43%
2006
$15,470,000
10
137
$1,547,000
$3,650,000
$510,000
$1,167,500
% Change
121.63%
100.00%
153.28%
10.82%
-21.92%
16.18%
58.03%
2007
34,286,540
20
347
$1,714,327
$2,850,000
$592,500
$1,845,000
% Change
-83.83%
-75.00%
-39.48%
-35.32%
-41.23%
-2.95%
-46.07%
2008
5,544,000
5
210
$1,108,800
$1,675,000
$575,000
$995,000
pr ice per squar e foot compar ison Single-Family/Duplex
2004
2005
2006
2007
2008
average
$465
$616 $1,046
$738
$1108
high
$677
$882 $1,830 $1,234
low
$287
$425
$532
$465
Condominium/Townhome
2004
2005
2006
2007
average
$401
$446
$828
$928 $1,265
$1391
high
$792
$515 $1,355 $1,295 $2,799
$816
low
$267
$344
$452
$518
2008
$706
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.
2008 Slifer Report 6-Month Update
Vail Golf Course, Spraddle Creek & Cascade Village
4
All Other Vail Areas Single-fa mily/Duple x Sales No. Volume of Sales
Ave. Days on Market
Ave. Sale
High Sale
Low Sale
Median Sale
2004
$25,214,970
26
208
$969,807
$2,850,000
$325,000
$777,000
% Change
-2.34%
-11.54%
-24.04%
10.40%
-16.14%
60.00%
25.48%
2005
$24,625,500
23
158
$1,070,674
$2,390,000
$520,000
$975,000
% Change
33.61%
21.74%
15.85%
9.75%
22.38%
29.81%
3.23%
2006
$32,902,850
28
183
$1,175,102
$2,925,000
$675,000
$1,006,500
% Change
29.31%
-17.86%
25.66%
57.43%
51.25%
-31.11%
50.27%
2007
42,548,000
23
230
$1,849,913
$4,424,000
$465,000
$1,512,500
% Change
-19.74%
-21.74%
-3.48%
2.55%
4.09%
14.52%
14.58%
2008
34,147,500
18
222
$1,897,083
$4,605,000
$532,500
$1,733,000
Ave. Days on Market
Ave. Sale
High Sale
Low Sale
Median Sale
Condominium/Tow nhome/Tr iple x Sales No. Volume of Sales
2004
$17,589,500
57
89
$308,589
$685,000
$154,000
$287,500
% Change
91.57%
40.35%
3.37%
36.49%
59.85%
-40.91%
39.63%
2005
$33,696,245
80
92
$421,203
$1,095,000
$91,000
$401,450
% Change
-9.95%
-27.50%
16.30%
24.21%
0.46%
130.77%
34.26%
2006
$30,344,350
58
107
$523,178
$1,100,000
$210,000
$539,000
% Change
-12.21%
-17.24%
26.17%
6.08%
-6.82%
3.81%
6.22%
2007
26,639,250
48
135
$554,984
$1,025,000
$218,000
$572,500
% Change
-20.97%
-18.75%
29.63%
-2.73%
-11.46%
35.78%
-6.99%
2008
21,054,000
39
175
$539,846
$907,500
$296,000
$532,500
pr ice per squar e foot compar ison Single-Family/Duplex
2004
2005
2006
2007
2008
average
$327
$395
$455
$598
$586
high
$659
$684
$609
$1,127
low
$196
$201
$319
$339
Condominium/Townhome
2004
2005
2006
2007
2008
average
$288
$382
$539
$498
$484
$957
high
$518
$556
$704
$774
$734
$343
low
$192
$255
$282
$307
$301
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.
2008 Slifer Report 6-Month Update
Vail Village & LionsHead
5
Eagle-Vail, Avon & Wildridge Single-fa mily/Duple x Sales No. Volume of Sales
Ave. Days on Market
Ave. Sale
High Sale
Low Sale
Median Sale
2004
$20,874,000
37
165
$564,162
$960,000
$315,000
$519,000
% Change
0.93%
-21.62%
16.97%
28.78%
48.44%
26.35%
27.36%
2005
$21,068,500
29
193
$726,500
$1,425,000
$398,000
$661,000
% Change
-2.46%
-6.90%
-18.13%
4.77%
24.23%
28.64%
3.63%
2006
$20,550,525
27
158
$761,131
$1,770,275
$512,000
$685,000
% Change
59.24%
11.11%
20.25%
43.32%
92.06%
9.38%
26.28%
2007
$32,725,055
30
190
$1,090,835
$3,400,000
$560,000
$865,000
% Change
-45.20%
-40.00%
2.63%
-8.67%
-44.74%
-8.04%
0.58%
2008
$17,932,870
18
195
$996,271
$1,878,870
$515,000
$870,000
Ave. Days on Market
Ave. Sale
High Sale
Low Sale
Median Sale
Condominium/Tow nhome/Tr iple x Sales No. Volume of Sales
2004
$24,595,000
94
142
$261,649
$660,000
$70,000
$255,400
% Change
34.73%
8.51%
-25.35%
24.16%
14.02%
107.14%
23.51%
2005
$33,136,600
102
106
$324,869
$752,500
$145,000
$315,450
% Change
-5.65%
-26.47%
-33.02%
28.32%
16.28%
-15.20%
33.14%
2006
$31,265,211
75
71
$416,869
$875,000
$122,961
$420,000
% Change
-21.52%
-20.00%
109.86%
-1.90%
-17.83%
33.84%
-7.86%
2007
$24,536,071
60
149
$408,935
$719,000
$164,574
$387,000
% Change
-43.05%
-45.00%
12.75%
3.53%
-9.60%
39.75%
5.94%
2008
$13,972,077
33
168
$423,390
$650,000
$230,000
$410,000
pr ice per squar e foot compar ison Single-Family/Duplex
2004
2005
2006
2007
2008
average
$211
$254
$277
$320
334
high
$289
$366
$380
$419
low
$147
$190
$187
$229
Condominium/Townhome
2004
2005
2006
2007
2008
average
$200
$240
$340
$351
$361
407
high
$331
$376
$506
$549
$522
263
low
$125
$136
$121
$228
$209
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.
2008 Slifer Report 6-Month Update
Eagle-Vail, Avon & Wildridge
6
Beaver Creek Single-fa mily/Duple x Sales No. Volume of Sales
Ave. Days on Market
Ave. Sale
High Sale
Low Sale
Median Sale
2004
$50,410,000
14
365
$3,600,714
$7,500,000
1,135,000
$2,857,500
% Change
-20.43%
-14.29%
-17.81%
-7.17%
45.00%
8.81%
2.10%
2005
$40,112,500
12
300
$3,342,708
$10,875,000
$1,235,000
$2,917,500
% Change
2.13%
-8.33%
-45.00%
11.42%
-40.23%
32.79%
22.54%
2006
$40,967,500
11
165
$3,724,318
$6,500,000
$1,640,000
$3,575,000
% Change
272.24%
163.64%
176.36%
41.19%
115.38%
-8.54%
34.13%
2007
$152,497,950
29
456
$5,258,550
$14,000,000
$1,500,000
$4,795,000
% Change
-62.21%
-62.07%
-31.36%
-0.37%
-28.57%
28.54%
15.75%
2008
$57,628,106
11
313
$5,238,919
$10,000,000
$1,928,106
$5,550,000
Ave. Days on Market
Ave. Sale
High Sale
Low Sale
Median Sale
Condominium/Tow nhome/Tr iple x Sales No. Volume of Sales
2004
$74,194,500
60
197
$1,236,525
$5,700,000
$399,000
$872,500
% Change
58.33%
33.33%
-23.35%
18.76%
57.89%
-1.00%
6.30%
2005
$117,475,080
80
151
$1,468,439
$9,000,000
$395,000
$927,500
% Change
-59.62%
-60.00%
-1.32%
0.95%
-65.00%
7.59%
54.99%
2006
$47,435,500
32
149
$1,482,359
$3,150,000
$425,000
$1,437,500
% Change
126.49%
125.00%
121.48%
0.66%
39.68%
1.18%
-6.52%
2007
$107,437,500
72
330
$1,492,188
$4,400,000
$430,000
$1,343,800
% Change
-55.10%
-59.72%
-33.94%
11.48%
115.91%
-8.14%
-31.17%
2008
$48,240,282
29
218
$1,663,458
$9,500,000
$395,000
$925,000
pr ice per squar e foot compar ison Single-Family/Duplex
2004
2005
2006
2007
2008
average
$543
$549
$705
$952
$924
high
$719
$1,173 $1,207 $1,307 $1,490
low
$376
$333
$402
$568
Condominium/Townhome
2004
2005
2006
2007
2008
average
$601
$801
$833
$807
$865
high
$1,335
$1,475
$1,071 $1,375
$1,316
low
$327
$430
$516
$479
$524
$516
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.
2008 Slifer Report 6-Month Update
Beaver Creek
7
Bachelor gulch Village CuSTom SingLe-fa miLy SaleS No. Volume of SaleS
aVe. DayS oN market
aVe. Sale
HigH Sale
low Sale
meDiaN Sale
2004
$22,100,000
3
478
$7,366,667
$9,500,000
$6,450,000
$6,450,000
% CHaNge
-17.19%
-33.33%
-27.41%
24.21%
21.05%
5.43%
41.86%
2005
$18,300,000
2
347
$9,150,000
$11,500,000
$6,800,000
$9,150,000
% CHaNge
110.60%
150.00%
17.29%
-15.76%
-18.26%
-24.78%
-14.48%
2006
$38,540,000
5
407
$7,708,000
$9,400,000
$5,115,000
$7,825,000
% CHaNge
70.93%
60.00%
-40.29%
6.83%
48.94%
-8.11%
0.80%
2007
$65,875,000
8
243
$8,234,375
$14,000,000
$4,700,000
$7,887,500
% CHaNge
-57.00%
-62.50%
41.15%
14.66%
-15.18%
37.23%
26.78%
2008
$28,325,000
3
343
$9,441,667
$11,875,000
$6,450,000
$10,000,000
SaleS No. Volume of SaleS
aVe. DayS oN market
aVe. Sale
HigH Sale
low Sale
meDiaN Sale
CLuSTer SingLe-fa mLy
2004
$4,600,000
1
119
$4,600,000
$4,600,000
$4,600,000
$4,600,000
% CHaNge
19.13%
0.00%
294.96%
19.13%
19.13%
19.13%
-8.70%
2005
$5,480,000
1
470
$5,480,000
$5,480,000
$5,480,000
$4,200,000
% CHaNge
72.45%
100.00%
-70.64%
-13.78%
-12.41%
-15.15%
12.50%
2006
$9,450,000
$2
138
$4,725,000
$4,800,000
$4,650,000
$4,725,000
% CHaNge
9.79%
0.00%
34.78%
9.79%
16.67%
2.69%
9.79%
2007
$10,375,000
2
186
$5,187,500
$5,600,000
$4,775,000
$5,187,500
-100.00% -100.00%
-100.00%
-100.00%
-100.00%
-100.00%
-100.00%
0
$-
$-
$-
$-
% CHaNge
2008
$-
-
Statistics for Bachelor Gulch Village continued on following page
Slifer Smith & frampton’s
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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.
2008 Slifer Report 6-Month Update
Bachelor Gulch Village
8
Bachelor Gulch Village
Continued from previous page
Condominium/Tow nhome/Tr iple x Sales No. Volume of Sales
Ave. Days on Market
Ave. Sale
High Sale
Low Sale
Median Sale
2004
$30,002,500
12
297
$2,500,208
$4,700,000
$1,450,000
$2,697,500
% Change
65.21%
58.33%
15.15%
4.34%
6.38%
-12.07%
-10.10%
2005
$49,567,000
19
342
$2,608,789
$5,000,000
$1,275,000
$2,425,000
% Change
4.77%
21.05%
-9.36%
-13.45%
-17.00%
-8.63%
-10.31%
2006
$51,932,750
23
310
$2,257,946
$4,150,000
$1,165,000
$2,175,000
% Change
37.10%
30.43%
-19.03%
5.11%
14.46%
-34.76%
-0.11%
2007
$71,201,150
30
251
$2,373,372
$4,750,000
$760,000
$2,172,500
% Change
-35.26%
-43.33%
-14.74%
14.25%
15.79%
-24.47%
3.57%
2008
$46,096,500
17
214
$2,711,559
$5,500,000
$574,000
$2,250,000
pr ice per squar e foot compar ison custom Single-Family
2004
2005
2006
2007
2008
average
$851
$961
$879 $1,020
high
$950
$1,110
$943 $1,420
low
$759
$811
$763
cluster single-family
2004
2005
2006
2007
2008
$1,135
average
$695
$795
$846
$935
$-
$1,197
high
$695
$795
$848 $1,056
$-
$808 $1,020
low
$695
$795
$845
$-
$814
Condominium/Townhome average high low
2004
2005
2006
2007
2008
$901
$895
$869
$791
$1274
$1,278 $1,302 $1,284
$1807
$1993
$1059
$885
$485
$605
$652
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.
2008 Slifer Report 6-Month Update
Bachelor Gulch Village
9
Arrowhead Single-fa mily/Duple x Sales No. Volume of Sales
Ave. Days on Market
Ave. Sale
High Sale
Low Sale
Median Sale
2004
$42,890,500
23
403
$1,864,804
$3,700,000
$850,000
$1,650,000
% Change
2.52%
8.70%
-41.94%
-4.23%
25.00%
17.06%
-4.55%
2005
$43,972,500
25
234
$1,785,900
$4,625,000
$995,000
$1,575,000
% Change
67.47%
20.00%
-4.27%
37.45%
-4.86%
45.73%
50.79%
2006
$73,639,000
30
224
$2,454,633
$4,400,000
$1,450,000
$2,375,000
% Change
-37.64%
-46.67%
-41.96%
16.93%
40.91%
-32.76%
13.68%
2007
$45,922,461
16
130
$2,870,154
$6,200,000
$975,000
$2,700,000
% Change
-44.90%
-43.75%
90.77%
-2.05%
-28.23%
7.69%
5.56%
2008
$25,302,500
9
248
$2,811,389
$4,450,000
$1,050,000
$2,850,000
Ave. Days on Market
Ave. Sale
High Sale
Low Sale
Median Sale
Condominium/Tow nhome/Tr iple x Sales No. Volume of Sales
2004
$19,397,500
21
652
$923,690
$1,650,000
$439,000
$850,000
% Change
50.16%
57.14%
-75.17%
-4.44%
6.06%
-37.36%
-1.18%
2005
$29,128,000
33
162
$882,667
$1,750,000
$275,000
$840,000
% Change
-62.22%
-72.73%
-32.72%
38.52%
11.43%
167.27%
46.73%
2006
$11,004,000
9
109
$1,222,667
$1,950,000
$735,000
$1,232,500
% Change
109.76%
77.78%
106.42%
17.99%
40.38%
-15.65%
16.63%
2007
$23,082,004
16
225
$1,442,625
$2,737,500
$620,000
$1,437,500
% Change
-34.86%
-31.25%
-21.33%
-5.25%
-32.57%
29.84%
-11.30%
2008
$15,036,000
11
177
$1,366,909
$1,846,000
$805,000
$1,275,000
pr ice per squar e foot compar ison Single-Family/Duplex
2004
2005
2006
2007
2008
average
$435
$427
$466
$568
600
high
$648
$671
$728
$938
low
$258
$287
$362
$352
Condominium/Townhome
2004
2005
2006
2007
2008
average
$460
$529
$547
$700
$697
931
high
$616
$764
$674
375
low
$274
$318
$413
$1,012 $1,008 $403
$467
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.
2008 Slifer Report 6-Month Update
Arrowhead
10
Singletree Single-fa mily/Duple x Sales No. Volume of Sales
Ave. Days on Market
Ave. Sale
High Sale
Low Sale
Median Sale
2004
$29,080,533
35
205
$830,872
$1,845,000
$387,000
$725,000
% Change
-6.26%
-17.14%
-8.29%
13.13%
-2.44%
7.88%
19.31%
2005
$27,259,000
29
188
$939,966
$1,800,000
$417,500
$865,000
% Change
2.08%
-3.45%
-38.83%
5.72%
11.11%
23.59%
3.18%
2006
$27,825,000
28
115
$993,750
$2,000,000
$516,000
$892,500
% Change
-9.76%
0.00%
59.13%
-9.76%
-17.50%
7.17%
-9.24%
2007
$25,110,210
28
183
$896,793
$1,650,000
$553,000
$810,000
% Change
-38.11%
-46.43%
27.32%
15.52%
39.09%
14.83%
14.20%
2008
$15,539,500
15
233
$1,035,967
$2,295,000
$635,000
$925,000
Ave. Days on Market
Ave. Sale
High Sale
Low Sale
Median Sale
Condominium/Tow nhome/Tr iple x Sales No. Volume of Sales
2004
$633,500
2
195
$316,750
$345,000
$288,500
$316,750
% Change
203.55%
100.00%
-64.10%
56.17%
65.22%
48.70%
45.86%
2005
$1,923,000
4
70
$494,667
$570,000
$429,000
$462,000
% Change
1.19%
0.00%
-8.57%
-1.66%
-7.89%
4.20%
5.40%
2006
$1,945,900
4
64
$486,475
$525,000
$447,000
$486,950
% Change
-73.03%
-75.00%
173.44%
7.90%
-0.02%
17.43%
7.79%
2007
$524,900
1
175
$524,900
$524,900
$524,900
$524,900
% Change
165.76%
100.00%
39.43%
32.88%
70.51%
-4.74%
32.88%
2008
$1,395,000
2
244
$697,500
$895,000
$500,000
$697,500
pr ice per squar e foot compar ison Single-Family/Duplex
2004
2005
2006
2007
2008
average
$242
$267
$326
$352
$375
high
$333
$386
$431
$504
low
$158
$190
$226
$235
Condominium/Townhome
2004
2005
2006
2007
2008
average
$250
$282
$335
$369
$355
$527
high
$257
$329
$352
$369
$375
$290
low
$243
$213
$314
$369
$335
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.
2008 Slifer Report 6-Month Update
Singletree
11
Edwards, Homestead & Lake Creek Valley Edwards, Homestead and Lake Creek have been tallied together - to make your analysis easier we have made notes to create a clear picture of the market activity. The Edwards area continues to be strong with sales up both in number and in sales volume. Homes in the Lake Creek area and the exclusive Pilgrim Downs are priced higher than in neighboring Edwards & Homestead.
Single-fa mily/Duple x Sales No. Volume of Sales
Ave. Days on Market
Ave. Sale
High Sale
Low Sale
Median Sale
2004
$15,659,500
18
189
$869,972
$4,050,000
$350,000
$561,250
% Change
34.58%
-11.11%
7.38%
51.40%
59.26%
9.29%
51.88%
2005
$21,074,200
16
203
$1,317,138
$6,450,000
$382,500
$852,450
% Change
46.46%
6.25%
3.94%
37.85%
19.38%
84.58%
11.44%
2006
$30,866,222
17
211
$1,815,660
$7,700,000
$706,000
$950,000
% Change
-10.12%
64.71%
1.42%
-45.43%
-58.44%
-22.88%
-8.68%
2007
$27,741,399
28
214
$990,764
$3,200,000
$544,500
$867,500
% Change
-41.06%
-53.57%
16.36%
26.96%
50.00%
23.05%
-0.53%
2008
$16,352,100
13
249
$1,257,854
$4,800,000
$670,000
$862,900
Ave. Days on Market
Ave. Sale
High Sale
Low Sale
Median Sale
Condominium/Tow nhome/Tr iple x Sales No. Volume of Sales
2004
$17,073,975
57
123
$304,892
$579,000
$167,000
$270,500
% Change
-28.68%
-35.09%
-46.34%
7.94%
-16.93%
31.74%
18.30%
2005
$12,176,501
37
66
$329,095
$481,000
$220,000
$320,000
% Change
11.67%
-16.22%
19.70%
33.29%
83.99%
35.91%
23.44%
2006
$13,597,918
31
79
$438,643
$885,000
$299,000
$395,000
% Change
3.99%
3.23%
39.24%
0.74%
-10.73%
-6.35%
5.06%
2007
$14,139,868
32
110
$441,871
$790,000
$280,000
$415,000
% Change
-43.03%
-43.75%
78.18%
1.28%
3.16%
17.50%
0.84%
2008
$8,055,264
18
196
$447,515
$815,000
$329,000
$418,500
pr ice per squar e foot compar ison Single-Family/Duplex
2004
2005
2006
2007
2008
average
$245
$300
$478
$315
$456
high
$605
$794 $1,782
low
$144
$167
$215
Condominium/Townhome
2004
2005
2006
2007
2008
average
$214
$250
$325
$328
$358
$583 $2,039
high
$301
$304
$521
$420
$453
$240
low
$135
$165
$220
$265
$239
$246
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.
2008 Slifer Report 6-Month Update
Edwards, Homestead & Lake Creek Valley
12
Cordillera, Cordillera Valley Club & Timber Springs Single-fa mily/Duple x Sales No. Volume of Sales
Ave. Days on Market
Ave. Sale
High Sale
Low Sale
Median Sale
2004
$34,510,000
23
335
$1,500,435
$3,195,000
$684,000
$1,212,500
% Change
5.20%
4.35%
-2.69%
0.82%
-10.80%
20.61%
12.37%
2005
$36,305,725
24
326
$1,512,739
$2,850,000
$825,000
$1,362,500
% Change
63.14%
29.17%
-24.54%
26.30%
57.89%
11.96%
29.36%
2006
$59,228,000
31
246
$1,910,581
$4,500,000
$923,700
$1,762,500
% Change
-39.27%
-45.16%
19.11%
4.37%
-12.33%
24.50%
-11.91%
2007
$35,966,745
17
293
$1,994,041
$3,945,000
$1,150,000
$1,552,500
% Change
-4.12%
0.00%
13.31%
1.73%
21.55%
-26.09%
15.94%
2008
$34,485,000
17
332
$2,028,529
$4,795,000
$850,000
$1,800,000
Sales No. Volume of Sales
Ave. Days on Market
Ave. Sale
High Sale
Low Sale
Median Sale
homesites
2004
$7,289,500
28
347
$260,339
$825,000
$143,000
$227,000
% Change
172.31%
110.71%
26.80%
29.23%
6.06%
4.20%
40.97%
2005
$19,850,000
59
440
$336,441
$875,000
$149,000
$320,000
% Change
-43.36%
-54.24%
-29.32%
23.77%
5.71%
12.62%
-3.13%
2006
$11,243,308
27
311
$416,419
$925,000
$167,808
$310,000
% Change
-6.32%
-14.81%
49.84%
9.97%
56.76%
-1.67%
29.03%
2007
$10,532,400
23
466
$457,930
$1,450,000
$165,000
$400,000
% Change
-54.69%
-60.87%
-6.87%
15.80%
-38.28%
21.21%
18.75%
2008
$4,772,500
9
434
$530,278
$895,000
$200,000
$475,000
pr ice per squar e foot compar ison Single-Family/Duplex
2004
2005
2006
2007
2008
average
$307
$335
$337
$384
$411
high
$498
$571
$574
$540
$606
low
$189
$335
$262
$327
$278
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.
2008 Slifer Report 6-Month Update
Cordillera, Cordillera Valley Club & Timber Springs
13
eagle, eagle ranch, Brush Creek & gypsum SingLe-fa miLy/DupLe x SaleS No. Volume of SaleS
aVe. DayS oN market
aVe. Sale
HigH Sale
low Sale
meDiaN Sale
2004
$29,918,631
79
206
$378,717
$1,218,687
$125,000
$324,700
% CHaNge
83.25%
56.96%
-19.90%
16.75%
84.62%
24.00%
15.09%
2005
$54,826,561
124
165
$442,150
$2,250,000
$155,000
$373,700
% CHaNge
5.90%
-7.26%
4.24%
14.19%
-11.11%
-14.19%
22.02%
2006
$58,061,150
115
172
$504,880
$2,000,000
$133,000
$456,000
% CHaNge
39.23%
17.39%
9.30%
18.60%
-10.73%
20.30%
16.01%
2007
$80,836,376
135
188
$598,788
$1,785,400
$160,000
$529,000
% CHaNge
-60.88%
-58.52%
-19.68%
-5.70%
-33.63%
58.75%
0.19%
2008
$31,620,736
56
151
$564,656
$1,185,000
$254,000
$530,000
aVe. DayS oN market
aVe. Sale
HigH Sale
low Sale
meDiaN Sale
ConDominium/Tow nHome/Tr ipLe x SaleS No. Volume of SaleS
2004
$5,862,239
28
158
$209,366
258,000
$136,500
$217,000
% CHaNge
192.35%
146.43%
8.23%
18.63%
50.88%
23.44%
6.91%
2005
$17,138,149
69
171
$248,379
$389,277
$168,490
$232,000
% CHaNge
-20.51%
-31.88%
-33.92%
16.69%
9.18%
11.34%
20.30%
2006
$13,622,607
47
113
$289,843
$425,000
$187,600
$279,100
% CHaNge
64.81%
27.66%
118.58%
29.10%
35.29%
8.48%
34.18%
2007
$22,451,890
60
247
$374,198
$575,000
$203,500
$374,500
% CHaNge
-63.08%
-65.00%
-7.29%
5.48%
1.74%
10.57%
11.62%
2008
$8,288,900
21
229
$394,710
$585,000
$225,000
$418,000
Statistics for Eagle, Eagle Ranch, Brush Creek & Gypsum continued on following page
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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.
2008 Slifer Report 6-Month Update
Eagle, Eagle Ranch, Brush Creek & Gypsum
14
eagle, eagle ranch, Brush Creek & gypsum
Continued from previous page
HomeSiTeS SaleS No. Volume of SaleS
aVe. DayS oN market
aVe. Sale
HigH Sale
low Sale
meDiaN Sale
2004
$33,503,887
88
302
$376,448
23,000,000
$25,500
$101,750
% CHaNge
-56.06%
43.18%
22.52%
-68.96%
-97.61%
135.29%
-5.21%
2005
$14,721,137
126
370
$116,853
$550,000
$60,000
$96,450
% CHaNge
32.57%
-33.33%
-51.62%
98.80%
509.09%
30.00%
48.52%
2006
$19,515,740
84
179
$232,300
$3,350,000
$78,000
$143,250
% CHaNge
-28.05%
-38.10%
23.46%
16.24%
-61.94%
85.26%
66.88%
2007
$14,041,605
52
221
$270,031
$1,275,000
$144,500
$239,053
% CHaNge
-81.99%
-80.77%
-15.84%
-6.34%
-68.00%
8.65%
-0.86%
2008
$2,529,100
10
186
$252,910
$408,000
$157,000
$237,000
pr iCe per Squar e fooT Compar iSon SiNgle-family/Duplex
CoNDomiNium/towNHome
2004
2005
2006
2007
2008
2004
2005
2006
2007
2008
aVerage
$174
$191
$215
$277
$240
aVerage
$167
$181
$197
$244
$262
HigH
$714
$597
$547
$379
$358
HigH
$221
$260
$302
$417
$347
low
$96
$67
$111
$147
$147
low
$117
$123
$143
$114
$194
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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.
2008 Slifer Report 6-Month Update
Eagle, Eagle Ranch, Brush Creek & Gypsum
15
Va l l e y R e a l E s tat e Va i l
Slifer Smith & Frampton Real Estate Offices VA IL
E DWARDS
Bridge Street 970-476-2421 • 800-544-2421
Riverwalk 970-926-7355 • 866-356-0293
Sitzmark Building 970-479-2020 • 888-412-6620
C ORDILLER A
LionsHead 970-479-0245 • 866-639-8245
The Divide 970-926-3505 • 800-624-0632
AVON
The Summit 970-926-6752 • 800-704-7451
Corporate Office 970-845-2000 • 888-692-7360
WOLCOTT Red Sky Ranch 970-477-8411 • 877-973-3759
Mountain Star 970-748-2024 Riverfront Village at the Westin 970-748-5420 • 888-748-5420
VILL AGES
OF
B EAV ER C REEK
E AGLE Eagle Ranch 970-328-2550 • 877-328-2550
Arrowhead 970-926-3000 • 800-535-8882 Bachelor Gulch Village 970-845-2300 • 888-677-8380 Highlands Lodge 970-845-8053 One Beaver Creek 970-949-0880 • 866-949-0880 Park Hyatt Promenade & Lobby 970-845-9400 • 800-944-9050 St. James Place 970-845-9900 • 888-773-8858 The Charter 970-845-3815 Vacation Ownership Center 970-949-5811 • 800-962-5920 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.