0309 Land Title's Market Analysis.PDF

E gle C Eag Cou unty M Marrkett Daata M ch 2 Marc 200 09 ‐ 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 March 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 $59,372,400

33% 27% 26%

$527,003,900

104%

$693,162,500

132%

$559,723,700

81%

$156,620,700

28%

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

44% 42% 30%

YTD - TOTAL

627

88%

658

105%

380

58%

145

38%

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

March, 2009 Eagle County, Colorado Total Dollar Volume

% of Volume

Number of Transactions

% of Transactions

Average Transaction Price

Median Transaction Price

Bighorn, East Vail

$0

0.00%

0

0.00%

$0

$0

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

$8,320,000

14.01%

6

13.64%

$1,386,667

$660,000

Lionshead

Area

$9,150,000

15.41%

1

2.27%

$9,150,000

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

$925,000

1.56%

1

2.27%

$925,000

n/a

$2,000,000

3.37%

1

2.27%

$2,000,000

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

$1,800,000

3.03%

2

4.55%

$900,000

n/a

$0

0.00%

0

0.00%

$0

n/a

$1,506,300

2.54%

3

6.82%

$502,100

$511,300

$200,000

0.34%

2

4.55%

$100,000

n/a

Mountain Star

$0

0.00%

0

0.00%

$0

$0

Wildridge

$0

0.00%

0

0.00%

$0

$0

Beaver Creek

$11,953,200

20.13%

5

11.36%

$2,390,640

$1,900,000

Bachelor Gulch

$2,750,000

4.63%

1

2.27%

$2,750,000

n/a

Arrowhead

$2,000,000

3.37%

1

2.27%

$2,000,000

n/a

Berry Creek, Singletree

$3,101,200

5.22%

3

6.82%

$1,033,733

$870,000

Edwards

$2,727,100

4.59%

4

9.09%

$681,775

$785,000

Homestead, South 40

$0

0.00%

0

0.00%

$0

$0

Lake Creek, Squaw Creek

$0

0.00%

0

0.00%

$0

$0

Cordillera Valley Club

$6,100,000

10.27%

1

2.27%

$6,100,000

n/a

Cordillera

$1,600,000

2.69%

1

2.27%

$1,600,000

n/a

$0

0.00%

0

0.00%

$0

$0

Bellyache, Red Sky

$1,200,000

2.02%

1

2.27%

$0

n/a

Eagle

$2,132,600

3.59%

7

15.91%

$304,657

$224,800

$310,000

0.52%

1

2.27%

$310,000

n/a

Cascade Village, Glen Lyon

Intermountain, Matterhorn, Vail Village West Minturn, Redcliff Eagle Vail Avon

Wolcott

Gypsum Basalt, El Jebel and Misc. In-County

TOTAL

$1,597,000

2.69%

3

6.82%

$532,333

$550,000

$59,372,400

100.00%

44

100.00%

$1,349,373

$630,000

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 March, 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 11 2 6 1 1 2 0 0 0 3 34

Total Dollar Volume $2,911,900 $8,058,300 $2,500,000 $10,788,700 $2,100,000 $2,750,000 $6,400,000 $0 $0 $0 $21,350,000 $56,858,900

Average Sales Price $363,988 $732,573 $1,250,000 $1,798,117 $2,100,000 $2,750,000 $3,200,000 $0 $0 $0 $7,116,667 $1,672,321

11

$2,513,500

$228,500

Total Number of Transactions $1,500,001 to $2,000,000 18%

$1,000,001 to $1,500,000 6%

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

Under $500,000 24%

Number of Transactions 16 18 1

Total Dollar Volume $26,749,600 $30,109,300 $150,000

Average Sales Price $1,671,850 $1,672,739 $150,000

Total

35

$57,008,900

$1,628,826

Total Dollar Volume

$1,500,001 to $2,000,000 19%

Over 2 Million 20%

Sale Single Family Multi Family Vacant Residential Land

$1,000,001 to $1,500,000 4% $500,001 to $1,000,000 14%

Compliments of: Trevor Theelke 970-328-1465 ttheelke@ltgc.com Over 2 Million 58%

Under $500,000 5%

* 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; YearThrough End - 2008 March - 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 22 33 10 7 2 2 5 0 2 0 6 89

Total Dollar Volume $7,923,600 $25,312,800 $12,728,000 $12,788,700 $4,600,000 $5,300,000 $15,944,000 $0 $8,350,000 $0 $37,775,000 $130,722,100

Average Sales Price $360,164 $767,055 $1,272,800 $1,826,957 $2,300,000 $2,650,000 $3,188,800 $0 $4,175,000 $0 $6,295,833 $1,468,788

57

$25,898,600

$454,361

Total Number of Transactions

$1,500,001 to $2,000,000 10%

Over 2 Million 19%

$500,001 to $1,000,000 37%

Under $500,000 25%

Number of Transactions 44 45 8

Total Dollar Volume $60,670,900 $70,051,200 $6,223,000

Average Sales Price $1,378,884 $1,556,693 $777,875

Total

97

$136,945,100

$1,411,805

Total Dollar Volume

$1,500,001 to $2,000,000 8%

$1,000,001 to $1,500,000 11%

Sale Single Family Multi Family Vacant Residential Land

$1,000,001 to $1,500,000 10% $500,001 to $1,000,000 19%

Compliments of: Trevor Theelke 970-328-1465 ttheelke@ltgc.com Over 2 Million 55%

Under $500,000 6%

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 March, 2009 Eagle County, Colorado

Sale Commercial Improved Commercial Vacant Development Vacant

Number of Transactions 2 3 0

Total Dollar Volume $675,000 $307,800 $0

Average Sales Price $337,500 $102,600 $0

YTD Number of Transactions 8 19 0

YTD Total Dollar Volume $5,399,000 $3,537,000 $0

YTD Average Sales Price $674,875 $186,158 $0

Total

5

$982,800

$196,560

27

$8,936,000

$330,963

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; YearThrough End - 2008 March - 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

5.07%

9

6.21%

$881,667

$500,000

$0

0.00%

0

0.00%

$0

n/a

$962,500

0.61%

1

0.69%

$962,500

n/a

Vail Village

$21,871,800

13.96%

25

17.24%

$874,872

$420,000

Lionshead

$15,100,000

9.64%

2

1.38%

$7,550,000

n/a

Spraddle Creek

$0

0.00%

0

0.00%

$0

n/a

Potato Patch Lionsridge, Sandstone, The Ridge, The Valley

$0

0.00%

0

0.00%

$0

n/a

$3,105,000

1.98%

4

2.76%

$776,250

$837,500

Cascade Village, Glen Lyon

$3,200,000

2.04%

2

1.38%

$1,600,000

n/a

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

$0

0.00%

0

0.00%

$0

n/a

Highland Meadows

$0

0.00%

0

0.00%

$0

n/a

$1,800,000

1.15%

2

1.38%

$0

n/a

$255,000

0.16%

1

0.69%

$255,000

n/a

Eagle Vail

$1,891,300

1.21%

4

2.76%

$472,825

$448,150

Avon

$5,566,500

3.55%

9

6.21%

$618,500

$427,500

$0

0.00%

0

0.00%

$0

n/a

Wildridge

$1,618,500

1.03%

2

1.38%

$809,250

n/a

Beaver Creek

$26,027,200

16.62%

12

8.28%

$2,168,933

$1,900,000

Bachelor Gulch

$7,000,000

4.47%

2

1.38%

$3,500,000

n/a

Arrowhead

$13,928,500

8.89%

7

4.83%

$1,989,786

$2,000,000

Berry Creek, Singletree

$5,603,200

3.58%

6

4.14%

$933,867

$831,000

Edwards

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

Intermountain, Matterhorn, Vail Village West Minturn, Redcliff

Mountain Star

$4,612,700

2.95%

9

6.21%

$512,522

$450,000

Homestead, South 40

$0

0.00%

0

0.00%

$0

n/a

Lake Creek, Squaw Creek

$0

0.00%

0

0.00%

$0

n/a

Cordillera Valley Club

$6,953,000

4.44%

4

2.76%

$1,738,250

$326,500

Cordillera

$6,195,000

3.96%

6

4.14%

$1,032,500

$1,037,500

$0

0.00%

0

0.00%

$0

n/a

Bellyache, Red Sky

$1,200,000

0.77%

1

0.69%

$0

n/a

Eagle

$9,163,400

5.85%

19

13.10%

$482,284

$440,000

Gypsum

$2,187,600

1.40%

10

6.90%

$218,760

$291,500

Basalt, El Jebel and Misc. In-County

$10,444,500

6.67%

8

5.52%

$1,305,563

$564,750

$156,620,700

100.00%

145

100.00%

$1,080,143

$587,500

Wolcott

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

March, 2009 Eagle County, Colorado Total Dollar Volume

% of Volume

Bighorn, East Vail

$0

0.00%

0

0.00%

$0

$0

$0

Booth Creek, The Falls

$0

0.00%

0

0.00%

$0

$0

$0

11th Filing, Vail Golf Course

$0

0.00%

0

0.00%

$0

$0

$0

Vail Village

$7,300,000

12.84%

3

8.82%

$2,433,333

$3,200,000

$1,749

Lionshead

$9,150,000

16.09%

1

2.94%

$9,150,000

n/a

$1,726

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

$925,000

1.63%

1

2.94%

$925,000

n/a

$437

Area

Number of % of Average Transactions Transactions Transaction Price

Median Avg. Price/sq.

Transaction Price ft

$2,000,000

3.52%

1

2.94%

$2,000,000

n/a

$724

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

$1,800,000

3.17%

2

5.88%

$900,000

n/a

$397

$0

0.00%

0

0.00%

$0

$0

$0

$1,251,300

2.20%

2

5.88%

$625,650

n/a

$313

$100,000

0.18%

1

2.94%

$100,000

n/a

$159

Mountain Star

$0

0.00%

0

0.00%

$0

$0

$0

Wildridge

$0

0.00%

0

0.00%

$0

n/a

$0

Beaver Creek

$11,652,500

20.49%

4

11.76%

$2,913,125

$2,000,000

$842

Bachelor Gulch

$2,750,000

4.84%

1

2.94%

$2,750,000

n/a

$723

Arrowhead

$2,000,000

3.52%

1

2.94%

$2,000,000

n/a

$692

Berry Creek, Singletree

$3,101,200

5.45%

3

8.82%

$1,033,733

$870,000

$350

Edwards, Scottsville

$2,727,100

4.80%

4

11.76%

$681,775

$785,000

$364

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

$6,100,000

10.73%

1

2.94%

$6,100,000

n/a

$649

Cordillera

$1,600,000

2.81%

1

2.94%

$1,600,000

n/a

$291

$0

0.00%

0

0.00%

$0

$0

$0

Bellyache, Red Sky, Wolcott South of I-70

$1,200,000

2.11%

1

2.94%

$1,200,000

n/a

$298

Eagle

$1,294,800

2.28%

3

8.82%

$431,600

$440,000

$227

$310,000

0.55%

1

2.94%

$310,000

n/a

$213

Cascade Village, Glen Lyon

Intermountain, Matterhorn, Vail Village West Minturn, Redcliff Eagle Vail Avon

Wolcott: North of I-70

Gypsum Basalt, El Jebel and Misc. In-County

TOTAL

$1,597,000

2.81%

3

8.82%

$532,333

$550,000

$277

$56,858,900

100.00%

34

100.00%

$1,672,321

$870,000

$598

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