0209 Land Title's Market Analysis.PDF

E gle C Eag Cou unty M Marrkett Daata Feb F bruaaryy 20 009 ‐ PRESSENTED D BY ‐ Kento on Hopkkins MR RE, CRS,, GRI D David M McHugh e‐PRO L Land Tit tle Guarantee

P Please c contactt us at (970) 84 45‐8053 3 for additionaal inform mation H Highland ds Lodgge Office in Beaaver Crreek, Co olorado o

MARKET ANALYSIS Eagle County, Colorado February 2009 Month to Month Comparison by Total Dollar Volume Month January February March April May June July August September October November December

YTD - TOTAL

2006

% of Previous Year

2007

% of Previous Year

2008

% of Previous Year

2009

% of Previous Year

$138,340,500 $149,697,700 $238,965,700 $183,511,300 $257,872,000 $277,390,500 $214,424,600 $258,099,400 $259,621,200 $228,350,800 $298,677,400 $249,220,500

104% 87% 118% 81% 122% 101% 98% 110% 91% 88% 83% 112%

$173,416,500 $253,057,700 $266,688,300 $233,926,100 $301,894,600 $332,660,200 $190,341,400 $313,687,200 $260,515,200 $215,096,100 $216,475,200 $202,738,700

125% 169% 112% 127% 117% 120% 89% 122% 100% 94% 72% 81%

$124,253,400 $207,081,600 $228,388,700 $137,700,500 $158,543,900 $188,121,300 $243,432,100 $211,288,800 $169,448,700 $167,365,200 $174,144,400 $225,150,500

72% 82% 86% 59% 53% 57% 128% 67% 65% 78% 80% 111%

$40,487,500 $56,760,800

33% 27%

$288,038,200

94%

$426,474,200

148%

$331,335,000

78%

$97,248,300

29%

2009

% of Previous Year

Month to Month Comparison by Number of Transactions 2006

% of Previous Year

2007

% of Previous Year

2008

% of Previous Year

January February March April May June July August September October November December

182 186 259 233 290 326 261 292 278 269 264 275

94% 89% 83% 62% 76% 88% 80% 86% 67% 73% 64% 83%

175 273 210 221 266 286 204 285 248 181 190 149

96% 147% 81% 95% 92% 88% 78% 98% 89% 67% 72% 54%

104 131 145 117 107 172 157 110 166 175 120 102

59% 48% 69% 53% 40% 60% 77% 39% 67% 97% 63% 68%

46 55

44% 42%

YTD - TOTAL

368

92%

448

122%

235

52%

101

43%

Month

Please note: The above figures do not include time share interests and are an unofficial tabulation of Eagle County records that are believed to be reasonably accurate.

VAIL 108 S. Frontage Rd. W Suite 203 P O Box 357 Vail, CO 81658 ph: (970) 476-2251 fax: (970) 476-4534

AVON 0090 Benchmark Rd Suite 205 P O Box 3480 Avon, CO 81620 ph: (970) 949-5099 fax: (970) 949-4892

EAGLE 65 Market Street Suite 4 P O Box 4420 Eagle, CO 81631 ph: (970) 328-5065 fax: (970) 328-5064

Compliments of: Trevor Theelke 970-328-1465 ttheelke@ltgc.com Bob Rulon 970-328-1462 brulon@ltgc.com

Please contact Kenton Hopkins MRE, CRS, GRI or David McHugh e-PRO at (970) 845-8053 for Addititional Information

Market Analysis by Area Includes: Commercial, Residential and Vacant Land

February 2009 Eagle County, Colorado Total Dollar Volume

% of Volume

Number of Transactions

% of Transactions

Average Transaction Price

Median Transaction Price

$2,450,000

4.32%

5

9.09%

$490,000

$490,000

Booth Creek, The Falls

$0

0.00%

0

0.00%

$0

$0

11th Filing, Vail Golf Course

$0

0.00%

0

0.00%

$0

$0

Vail Village

$4,014,300

7.07%

8

14.55%

$501,788

$387,500

Lionshead

Area Bighorn, East Vail

$5,950,000

10.48%

1

1.82%

$5,950,000

n/a

Spraddle Creek

$0

0.00%

0

0.00%

$0

$0

Potato Patch Lionsridge, Sandstone, The Ridge, The Valley

$0

0.00%

0

0.00%

$0

$0

$1,000,000

1.76%

1

1.82%

$1,000,000

n/a

Cascade Village, Glen Lyon

$1,200,000

2.11%

1

1.82%

$1,200,000

n/a

Buffer Creek, Vail Das Shone, Vail Heights, Vail Ridge

$0

0.00%

0

0.00%

$0

$0

Highland Meadows

$0

0.00%

0

0.00%

$0

$0

Intermountain, Matterhorn, Vail Village West

$0

0.00%

0

0.00%

$0

$0

$255,000

0.45%

1

1.82%

$255,000

n/a

$0

0.00%

0

0.00%

$0

$0

$3,228,500

5.69%

3

5.45%

$1,076,167

$1,301,500

Minturn, Redcliff Eagle Vail Avon

$0

0.00%

0

0.00%

$0

$0

Wildridge

$1,618,500

2.85%

2

3.64%

$809,250

n/a

Beaver Creek

$10,454,000

18.42%

4

7.27%

$2,613,500

$2,772,000

Bachelor Gulch

$4,250,000

7.49%

1

1.82%

$4,250,000

n/a

Arrowhead

$10,848,500

19.11%

5

9.09%

$2,169,700

$2,000,000

Mountain Star

$985,000

1.74%

1

1.82%

$985,000

n/a

$1,326,600

2.34%

4

7.27%

$331,650

$350,800

Homestead, South 40

$0

0.00%

0

0.00%

$0

$0

Lake Creek, Squaw Creek

$0

0.00%

0

0.00%

$0

$0

$558,000

0.98%

2

3.64%

$279,000

n/a

Berry Creek, Singletree Edwards

Cordillera Valley Club

$2,845,000

5.01%

3

5.45%

$948,333

$925,000

Wolcott

$0

0.00%

0

0.00%

$0

$0

Bellyache, Red Sky

$0

0.00%

0

0.00%

$0

$0

Eagle

$4,149,800

7.31%

6

10.91%

$691,633

$481,000

Gypsum

$1,127,600

1.99%

6

10.91%

$187,933

$185,250

Cordillera

Basalt, El Jebel and Misc. In-County

TOTAL

$500,000

0.88%

1

1.82%

$500,000

n/a

$56,760,800

100.00%

55

100.00%

$1,088,740

$500,000

Please note: The above figures do not include time share interests and are an unofficial tabulation of Eagle County records that are believed to be reasonably accurate.

VAIL 108 S. Frontage Rd. W Suite 203 P O Box 357 Vail, CO 81658 ph: (970) 476-2251 fax: (970) 476-4534

AVON 0090 Benchmark Rd Suite 205 P O Box 3480 Avon, CO 81620 ph: (970) 949-5099 fax: (970) 949-4892

EAGLE 65 Market Street Suite 4 P O Box 4420 Eagle, CO 81631 ph: (970) 328-5065 fax: (970) 328-5064

Compliments of: Trevor Theelke 970-328-1465 ttheelke@ltgc.com Bob Rulon 970-328-1462 brulon@ltgc.com

Please contact Kenton Hopkins MRE, CRS, GRI or David McHugh e-PRO at (970) 845-8053 for Addititional Information

All Residential Transactions February 2009

Improved Residential

Eagle County, Colorado

Sale Under $500,000 $500,001 to $1,000,000 $1,000,001 to $1,500,000 $1,500,001 to $2,000,000 $2,000,001 to $2,500,000 $2,500,001 to $3,000,000 $3,000,001 to $3,500,000 $3,500,001 to $4,000,000 $4,000,001 to $4,500,000 $4,500,001 to 5,000,000 Over $5 Million Improved Residential Total: Residential Vacant Land and Commercial Total*:

Number of Transactions 8 9 3 1 1 1 1 0 2 0 2 28

Total Dollar Volume $2,921,200 $7,723,500 $3,723,000 $2,000,000 $2,500,000 $2,550,000 $3,044,000 $0 $8,350,000 $0 $11,300,000 $44,111,700

Average Sales Price $365,150 $858,167 $1,241,000 $2,000,000 $2,500,000 $2,550,000 $3,044,000 $0 $4,175,000 $0 $5,650,000 $1,575,418

27

$12,649,100

$468,485

Total Number of Transactions $1,000,001 to $1,500,000 11%

Over 2 Million 25%

Under $500,000 28%

Number of Transactions 13 15 3

Total Dollar Volume $17,229,800 $26,881,900 $1,278,000

Average Sales Price $1,325,369 $1,792,127 $426,000

Total

31

$45,389,700

$1,464,184

Total Dollar Volume

$1,500,001 to $2,000,000 4%

$500,001 to $1,000,000 32%

Sale Single Family Multi Family Vacant Residential Land

$1,500,001 to $2,000,000 5%

Compliments of: Trevor Theelke 970-328-1465 ttheelke@ltgc.com Over 2 Million 63%

$1,000,001 to $1,500,000 8% $500,001 to $1,000,000 17%

Under $500,000 7%

* includes all non-improved residential transactions

Please contact Kenton Hopkins MRE, CRS, GRI or David McHugh e-PRO at (970) 845-8053 for Addititional Information

Bob Rulon 970-328-1462 brulon@ltgc.com

All Residential Transactions Year to Date; Year Through End - 2008 February - 2009

Improved Residential

Eagle County, Colorado

Sale Under $500,000 $500,001 to $1,000,000 $1,000,001 to $1,500,000 $1,500,001 to $2,000,000 $2,000,001 to $2,500,000 $2,500,001 to $3,000,000 $3,000,001 to $3,500,000 $3,500,001 to $4,000,000 $4,000,001 to $4,500,000 $4,500,001 to 5,000,000 Over $5 Million Improved Residential Total: Residential Vacant Land and Commercial Total*:

Number of Transactions 14 22 8 1 1 1 3 0 2 0 3 55

Total Dollar Volume $5,011,700 $17,254,500 $10,228,000 $2,000,000 $2,500,000 $2,550,000 $9,544,000 $0 $8,350,000 $0 $16,425,000 $73,863,200

Average Sales Price $357,979 $784,295 $1,278,500 $2,000,000 $2,500,000 $2,550,000 $3,181,333 $0 $4,175,000 $0 $5,475,000 $1,342,967

46

$23,385,100

$508,372

Total Number of Transactions $1,000,001 to $1,500,000 15%

$500,001 to $1,000,000 40%

Number of Transactions 28 27 7

Total Dollar Volume $33,921,300 $39,941,900 $6,073,000

Average Sales Price $1,211,475 $1,479,330 $867,571

Total

62

$79,936,200

$1,289,294

Total Dollar Volume

$1,500,001 to $2,000,000 2%

Over 2 Million 18%

Under $500,000 25%

Sale Single Family Multi Family Vacant Residential Land

$1,500,001 to $2,000,000 3%

Compliments of: Trevor Theelke 970-328-1465 ttheelke@ltgc.com Over 2 Million 53%

$1,000,001 to $1,500,000 14% $500,001 to $1,000,000 23%

Under $500,000 7%

Please contact Kenton Hopkins MRE, CRS, GRI or David McHugh e-PRO at (970) 845-8053 for Addititional Information

Bob Rulon 970-328-1462 brulon@ltgc.com

Commercial Transactions February 2009 Eagle County, Colorado

Sale Commercial Improved Commercial Vacant Development Vacant

Number of Transactions 5 7 0

Total Dollar Volume $4,165,000 $1,769,700 $0

Average Sales Price $833,000 $252,814 $0

YTD Number of Transactions 6 16 0

YTD Total Dollar Volume $4,724,000 $3,229,200 $0

YTD Average Sales Price $787,333 $201,825 $0

Total

12

$5,934,700

$494,558

22

$7,953,200

$361,509

Compliments of: Trevor Theelke 970-328-1465 ttheelke@ltgc.com Bob Rulon 970-328-1462 brulon@ltgc.com

Please contact Kenton Hopkins MRE, CRS, GRI or David McHugh e-PRO at (970) 845-8053 for Addititional Information

Market Analysis by Area Includes: Includes:Commercial, Commercial,Residential Residential and and Vacant VacantLand Land Year to Date; Year Through End - 2008 February - 2009 Eagle County, County, Colorado Colorado Eagle Total Dollar Volume

% of Volume

Number of Transactions

% of Transactions

Average Transaction Price

Median Transaction Price

$7,935,000

8.16%

9

8.91%

$881,667

$500,000

$0

0.00%

0

0.00%

$0

$0

$962,500

0.99%

1

0.99%

$962,500

n/a

Vail Village

$13,551,800

13.94%

19

18.81%

$713,253

$325,000

Lionshead

$5,950,000

6.12%

1

0.99%

$5,950,000

n/a

Spraddle Creek

$0

0.00%

0

0.00%

$0

$0

Potato Patch Lionsridge, Sandstone, The Ridge, The Valley

$0

0.00%

0

0.00%

$0

$0

$2,180,000

2.24%

3

2.97%

$726,667

$750,000

Cascade Village, Glen Lyon

$1,200,000

1.23%

1

0.99%

$1,200,000

n/a

Buffer Creek, Vail Das Shone, Vail Heights, Vail Ridge

$0

0.00%

0

0.00%

$0

$0

Highland Meadows

$0

0.00%

0

0.00%

$0

$0

Intermountain, Matterhorn, Vail Village West

$0

0.00%

0

0.00%

$0

$0

$255,000

0.26%

1

0.99%

$255,000

n/a

Area Bighorn, East Vail Booth Creek, The Falls 11th Filing, Vail Golf Course

Minturn, Redcliff

$385,000

0.40%

1

0.99%

$385,000

n/a

$5,366,500

5.52%

7

6.93%

$766,643

$580,000

$0

0.00%

0

0.00%

$0

$0

Wildridge

$1,618,500

1.66%

2

1.98%

$809,250

n/a

Beaver Creek

$14,074,000

14.47%

7

6.93%

$2,010,571

$2,000,000

Bachelor Gulch

$4,250,000

4.37%

1

0.99%

$4,250,000

n/a

Arrowhead

$11,928,500

12.27%

6

5.94%

$1,988,083

$1,500,000

Berry Creek, Singletree

$2,502,000

2.57%

3

2.97%

$834,000

$792,000

Edwards

Eagle Vail Avon Mountain Star

$1,885,600

1.94%

5

4.95%

$377,120

$384,000

Homestead, South 40

$0

0.00%

0

0.00%

$0

$0

Lake Creek, Squaw Creek

$0

0.00%

0

0.00%

$0

$0

$853,000

0.88%

3

2.97%

$284,333

$295,000

$4,595,000

4.73%

5

4.95%

$919,000

$925,000

Wolcott

$0

0.00%

0

0.00%

$0

$0

Bellyache, Red Sky

$0

0.00%

0

0.00%

$0

$0

Eagle

$7,030,800

7.23%

12

11.88%

$585,900

$537,500

Gypsum

$1,877,600

1.93%

9

8.91%

$208,622

$273,000

Basalt, El Jebel and Misc. In-County

$8,847,500

9.10%

5

4.95%

$1,769,500

$760,000

$97,248,300

100.00%

101

100.00%

$962,854

$562,500

Cordillera Valley Club Cordillera

TOTAL

Please note: The above figures do not include time share interests and are an unofficial tabulation of Eagle County records that are believed to be reasonably accurate.

VAIL 108 S. Frontage Rd. W Suite 203 P O Box 357 Vail, CO 81658 ph: (970) 476-2251 fax: (970) 476-4534

AVON 0090 Benchmark Rd Suite 205 P O Box 3480 Avon, CO 81620 ph: (970) 949-5099 fax: (970) 949-4892

EAGLE 65 Market Street Suite 4 P O Box 4420 Eagle, CO 81631 ph: (970) 328-5065 fax: (970) 328-5064

Compliments of: Trevor Theelke 970-328-1465 ttheelke@ltgc.com Bob Rulon 970-328-1462 brulon@ltgc.com

Please contact Kenton Hopkins MRE, CRS, GRI or David McHugh e-PRO at (970) 845-8053 for Addititional Information

Residential Improved Transactions Excludes: Vacant Land and Commercial

February 2009 Eagle County, Colorado Total Dollar Volume

% of Volume

$1,300,000

2.95%

2

7.14%

Booth Creek, The Falls

$0

0.00%

0

11th Filing, Vail Golf Course

$0

0.00%

Area Bighorn, East Vail

Number of % of Average Transactions Transactions Transaction Price

Median Transaction Price

Avg. Price/sq. ft

$650,000

n/a

$560

0.00%

$0

$0

$0

0

0.00%

$0

$0

$0

Vail Village

$1,323,000

3.00%

1

3.57%

$1,323,000

n/a

$1,287

Lionshead

$5,950,000

13.49%

1

3.57%

$5,950,000

n/a

$2,267

Spraddle Creek

$0

0.00%

0

0.00%

$0

$0

$0

Potato Patch Lionsridge, Sandstone, The Ridge, The Valley

$0

0.00%

0

0.00%

$0

$0

$0

$1,000,000

2.27%

1

3.57%

$1,000,000

n/a

$509

Cascade Village, Glen Lyon

$1,200,000

2.72%

1

3.57%

$1,200,000

n/a

$1,069

Buffer Creek, Vail Das Shone, Vail Heights, Vail Ridge

$0

0.00%

0

0.00%

$0

$0

$0

Highland Meadows

$0

0.00%

0

0.00%

$0

$0

$0

Intermountain, Matterhorn, Vail Village West

$0

0.00%

0

0.00%

$0

$0

$0

Minturn, Redcliff

$0

0.00%

0

0.00%

$0

$0

$0

Eagle Vail

$0

0.00%

0

0.00%

$0

$0

$0

$415,000

0.94%

1

3.57%

$415,000

n/a

$988

$0

0.00%

0

0.00%

$0

$0

$0

Wildridge

$1,618,500

3.67%

2

7.14%

$809,250

n/a

$232

Beaver Creek

$9,644,000

21.86%

3

10.71%

$3,214,667

$3,044,000

$979

Bachelor Gulch

$4,250,000

9.63%

1

3.57%

$4,250,000

n/a

$913

Arrowhead

$10,750,000

24.37%

4

14.29%

$2,687,500

$2,275,000

$701

Berry Creek, Singletree

$985,000

2.23%

1

3.57%

$985,000

n/a

$344

Edwards, Scottsville

$450,000

1.02%

1

3.57%

$450,000

n/a

$342

Homestead, South 40

$0

0.00%

0

0.00%

$0

$0

$0

Lake Creek, Squaw Creek

$0

0.00%

0

0.00%

$0

$0

$0

Cordillera Valley Club

$0

0.00%

0

0.00%

$0

$0

$0

$2,125,000

4.82%

2

7.14%

$1,062,500

n/a

$223

Wolcott: North of I-70

$0

0.00%

0

0.00%

$0

$0

$0

Bellyache, Red Sky, Wolcott South of I70

$0

0.00%

0

0.00%

$0

$0

$0

$2,119,900

4.81%

4

14.29%

$529,975

$481,000

$199

$981,300

2.22%

3

10.71%

$327,100

$348,300

$209

Avon Mountain Star

Cordillera

Eagle Gypsum Basalt, El Jebel and Misc. In-County

TOTAL

$0

0.00%

0

0.00%

$0

$0

$0

$44,111,700

100.00%

28

100.00%

$1,575,418

$925,000

$619

Please note: The above figures do not include time share interests and are an unofficial tabulation of Eagle County records that are believed to be reasonably accurate.

Compliments of: Trevor Theelke AVON VAIL EAGLE 0090 Benchmark Rd 970-328-1465 108 S. Frontage Rd. W 65 Market Street Suite 205 Suite 203 Suite 4 ttheelke@ltgc.com P O Box 3480 P O Box 357 P O Box 4420 Avon, CO 81620 Vail, CO 81658 Eagle, CO 81631 Bob Rulon ph: (970) 949-5099 ph: (970) 476-2251 ph: (970) 328-5065 970-328-1462 fax: (970) 949-4892 fax: (970) 476-4534 fax: McHugh (970) 328-5064 brulon@ltgc.com Please contact Kenton Hopkins MRE, CRS, GRI or David e-PRO at (970) 845-8053 for Addititional Information