Eagle County Market Data - December 2008

E gle C Eag Cou unty M Marrkett Daata Dec D em mber 20 008 8 ‐ 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 December 2008 Month to Month Comparison by Total Dollar Volume Month January February March April May June July August September October November December

YTD - TOTAL

2005

% of Previous Year

2006

% of Previous Year

2007

% of Previous Year

2008

% of Previous Year

$132,772,300 $172,605,800 $201,990,500 $226,125,302 $211,985,000 $275,455,100 $217,831,600 $233,778,200 $284,867,000 $258,610,100 $361,816,100 $222,412,500

111% 125% 126% 164% 117% 174% 115% 115% 118% 130% 167% 79%

$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%

$2,800,249,502

126%

$2,754,171,600

98%

$2,960,497,200

107%

$2,234,919,100

75%

Month to Month Comparison by Number of Transactions Month January February March April May June July August September October November December

YTD - TOTAL

2005

% of Previous Year

2006

% of Previous Year

2007

% of Previous Year

2008

% of Previous Year

193 209 311 375 381 370 325 338 412 368 410 331

123% 123% 143% 170% 133% 118% 99% 104% 119% 111% 134% 113%

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%

4,023

122%

3,115

77%

2,688

86%

1,606

60%

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

December 2008 Eagle County, Colorado Total Dollar Volume

% of Volume

Number of Transactions

% of Transactions

Average Transaction Price

Median Transaction Price

Bighorn, East Vail

$1,163,000

0.52%

4

3.92%

$290,750

$284,000

Booth Creek, The Falls

$3,100,000

1.38%

1

0.98%

$3,100,000

n/a

$0

0.00%

0

0.00%

$0

$0

Vail Village

$92,545,500

41.10%

11

10.78%

$8,413,227

$10,850,000

Lionshead

Area

11th Filing, Vail Golf Course

$60,531,400

26.88%

17

16.67%

$3,560,671

$3,300,000

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

$300,000

0.13%

1

0.98%

$300,000

n/a

$2,200,000

0.98%

1

0.98%

$2,200,000

n/a

$0

0.00%

0

0.00%

$0

$0

Highland Meadows

$1,857,300

0.82%

1

0.98%

$1,857,300

n/a

Intermountain, Matterhorn, Vail Village West

$3,231,300

1.44%

4

3.92%

$807,825

$532,000

$556,000

0.25%

2

1.96%

$278,000

n/a

Eagle Vail

$1,354,000

0.60%

2

1.96%

$677,000

n/a

Avon

$17,777,700

7.90%

18

17.65%

$987,650

$560,500

Cascade Village, Glen Lyon Buffer Creek, Vail Das Shone, Vail Heights, Vail Ridge

Minturn, Redcliff

$0

0.00%

0

0.00%

$0

$0

Wildridge

$3,445,000

1.53%

2

1.96%

$1,722,500

n/a

Beaver Creek

$3,475,000

1.54%

4

3.92%

$868,750

$787,500

$0

0.00%

0

0.00%

$0

$0

$19,764,200

8.78%

4

3.92%

$4,941,050

$4,900,000

Mountain Star

Bachelor Gulch Arrowhead

$0

0.00%

0

0.00%

$0

$0

$512,100

0.23%

2

1.96%

$256,050

n/a

$1,715,000

0.76%

2

1.96%

$857,500

n/a

Lake Creek, Squaw Creek

$0

0.00%

0

0.00%

$0

$0

Cordillera Valley Club

$0

0.00%

0

0.00%

$0

$0

Cordillera

$0

0.00%

0

0.00%

$0

$0

Wolcott

$0

0.00%

0

0.00%

$0

$0

Bellyache, Red Sky

$0

0.00%

0

0.00%

$0

$0

Eagle

$6,373,200

2.83%

11

10.78%

$579,382

$410,600

Gypsum

$3,083,800

1.37%

9

8.82%

$342,644

$299,000

Berry Creek, Singletree Edwards Homestead, South 40

Basalt, El Jebel and Misc. In-County

TOTAL

$2,166,000

0.96%

6

5.88%

$361,000

$280,000

$225,150,500

100.00%

102

100.00%

$2,207,358

$600,000

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 December 2008

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 24 17 7 3 3 7 4 1 1 2 12 81

Total Dollar Volume $8,668,500 $11,361,200 $9,228,600 $5,507,300 $6,513,800 $20,052,000 $12,850,000 $3,550,000 $4,384,400 $9,250,000 $121,437,700 $212,803,500

Average Sales Price $361,188 $668,306 $1,318,371 $1,835,767 $2,171,267 $2,864,571 $3,212,500 $3,550,000 $4,384,400 $4,625,000 $10,119,808 $2,627,204

21

$12,347,000

$587,952

Total Number of Transactions

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

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

Total Dollar Volume $39,750,900 $173,052,600 $280,000

Average Sales Price $1,806,859 $2,933,095 $280,000

Total

82

$213,083,500

$2,598,579

Compliments of: Trevor Theelke 970-328-1465 ttheelke@ltgc.com

Over 2 Million 84%

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

Under $500,000 30%

Number of Transactions 22 59 1

Total Dollar Volume

Over 2 Million 37%

$500,001 to $1,000,000 21%

Sale Single Family Multi Family Vacant Residential Land

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

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

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

All Residential Transactions Year End - 2008

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 422 394 124 86 68 49 19 28 17 14 71 1292

Total Dollar Volume $157,514,200 $274,439,900 $153,061,100 $148,159,900 $155,946,800 $136,207,100 $63,169,500 $105,449,700 $73,572,900 $67,003,000 $590,283,600 $1,924,807,700

Average Sales Price $373,256 $696,548 $1,234,364 $1,722,790 $2,293,335 $2,779,737 $3,324,711 $3,766,061 $4,327,818 $4,785,929 $8,313,854 $1,489,789

314

$310,111,400

$987,616

Total Number of Transactions

Sale Single Family Multi Family Vacant Residential Land

Number of Transactions 479 813 77

Total Dollar Volume $697,315,700 $1,227,492,000 $43,334,000

Average Sales Price $1,455,774 $1,509,830 $562,779

Total

1369

$1,968,141,700

$1,437,649

Total Dollar Volume

$1,500,001 to $2,000,000 7%

Over 2 Million 59%

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

Over 2 Million 19%

$500,001 to $1,000,000 31%

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

Under $500,000 33%

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

$500,001 to $1,000,000 15%

Under $500,000 9%

* 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

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

Commercial Transactions December 2008 Eagle County, Colorado

Sale Commercial Improved Commercial Vacant Development Vacant

Number of Transactions 6 3 1

Total Dollar Volume $4,133,300 $289,900 $600,000

Average Sales Price $688,883 $96,633 $600,000

YTD Number of Transactions 89 42 6

YTD Total Dollar Volume $101,865,400 $21,268,100 $49,887,800

YTD Average Sales Price $1,144,555 $506,383 $8,314,633

Total

10

$5,023,200

$502,320

137

$173,021,300

$1,262,929

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 Year End - 2008 Eagle County, Colorado Total Dollar Volume

% of Volume

Number of Transactions

% of Transactions

Average Transaction Price

Median Transaction Price

$51,818,400

2.32%

63

3.92%

$822,514

$527,000

Booth Creek, The Falls

$4,872,000

0.22%

4

0.25%

$1,218,000

$636,000

11th Filing, Vail Golf Course

$25,354,000

1.13%

11

0.68%

$2,304,909

$2,312,500

Vail Village

$367,655,800

16.45%

75

4.67%

$4,902,077

$3,800,500

Lionshead

$395,165,200

17.68%

119

7.41%

$3,320,716

$2,795,000

$0

0.00%

0

0.00%

$0

$0

Area Bighorn, East Vail

Spraddle Creek Potato Patch Lionsridge, Sandstone, The Ridge, The Valley

$3,125,000

0.14%

2

0.12%

$1,562,500

n/a

$16,516,700

0.74%

26

1.62%

$635,258

$473,000

Cascade Village, Glen Lyon

$13,794,000

0.62%

6

0.37%

$2,299,000

$1,612,000

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

$7,219,000

0.32%

11

0.68%

$656,273

$528,500

Highland Meadows

$14,056,400

0.63%

8

0.50%

$1,757,050

$1,641,150

Intermountain, Matterhorn, Vail Village West

$30,650,900

1.37%

30

1.87%

$1,021,697

$670,000

Minturn, Redcliff

$12,963,000

0.58%

22

1.37%

$589,227

$500,000

Eagle Vail

$67,401,900

3.02%

61

3.80%

$1,104,949

$540,500

Avon

$123,802,100

5.54%

175

10.90%

$707,441

$451,850

Mountain Star

$12,075,000

0.54%

7

0.44%

$1,725,000

$1,350,000

Wildridge

$27,455,500

1.23%

30

1.87%

$915,183

$625,000

Beaver Creek

$193,300,700

8.65%

87

5.42%

$2,221,847

$1,612,500

Bachelor Gulch

$108,910,900

4.87%

31

1.93%

$3,513,255

$2,662,500

Arrowhead

$119,845,300

5.36%

52

3.24%

$2,304,717

$1,325,000

Berry Creek, Singletree

$44,003,000

1.97%

39

2.43%

$1,128,282

$935,000

Edwards

$61,685,400

2.76%

85

5.29%

$725,711

$392,000

Homestead, South 40

$22,804,300

1.02%

35

2.18%

$651,551

$527,500

Lake Creek, Squaw Creek

$38,173,700

1.71%

16

1.00%

$2,385,856

$3,577,000

Cordillera Valley Club

$10,304,600

0.46%

8

0.50%

$1,288,075

$895,000

Cordillera

$69,106,400

3.09%

44

2.74%

$1,570,600

$1,235,000

$785,000

0.04%

2

0.12%

$392,500

n/a

Bellyache, Red Sky

$10,985,300

0.49%

6

0.37%

$1,830,883

$1,875,000

Eagle

$123,620,200

5.53%

218

13.57%

$567,065

$447,000

Gypsum

$110,187,600

4.93%

151

9.40%

$729,719

$380,000

$147,281,800

6.59%

182

11.33%

$809,241

$615,000

$2,234,919,100

100.00%

1606

100.00%

$1,391,606

$609,000

Wolcott

Basalt, El Jebel and Misc. In-County

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

December 2008 Eagle County, Colorado Total Dollar Volume

% of Volume

Number of Transactions

% of Transactions

Average Transaction Price

Median Transaction Price

Bighorn, East Vail

$1,003,000

0.47%

3

3.70%

$334,333

$293,000

Booth Creek, The Falls

$3,100,000

1.46%

1

1.23%

$3,100,000

n/a

$0

0.00%

0

0.00%

$0

$0

Vail Village

$91,195,500

42.85%

8

9.88%

$11,399,438

$11,712,500

Lionshead

$60,531,400

28.44%

17

20.99%

$3,560,671

$3,300,000

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

$300,000

0.14%

1

1.23%

$300,000

n/a

$2,200,000

1.03%

1

1.23%

$2,200,000

n/a

$0

0.00%

0

0.00%

$0

$0

Highland Meadows

$1,857,300

0.87%

1

1.23%

$1,857,300

n/a

Intermountain, Matterhorn, Vail Village West

$2,914,000

1.37%

3

3.70%

$971,333

$564,000

$256,000

0.12%

1

1.23%

$256,000

n/a

Eagle Vail

$1,354,000

0.64%

2

2.47%

$677,000

n/a

Avon

$13,930,200

6.55%

17

20.99%

$819,424

$560,500

$0

0.00%

0

0.00%

$0

$0

Wildridge

$3,445,000

1.62%

2

2.47%

$1,722,500

n/a

Beaver Creek

$3,375,000

1.59%

3

3.70%

$1,125,000

$960,000

Area

11th Filing, Vail Golf Course

Cascade Village, Glen Lyon Buffer Creek, Vail Das Shone, Vail Heights, Vail Ridge

Minturn, Redcliff

Mountain Star

$0

0.00%

0

0.00%

$0

$0

$19,302,200

9.07%

3

3.70%

$6,434,067

$6,650,000

$0

0.00%

0

0.00%

$0

$0

Edwards, Scottsville

$161,100

0.08%

1

1.23%

$161,100

n/a

Homestead, South 40

$1,715,000

0.81%

2

2.47%

$857,500

n/a

Lake Creek, Squaw Creek

$0

0.00%

0

0.00%

$0

$0

Cordillera Valley Club

$0

0.00%

0

0.00%

$0

$0

Cordillera

$0

0.00%

0

0.00%

$0

$0

Wolcott: North of I-70

$0

0.00%

0

0.00%

$0

$0

Bellyache, Red Sky, Wolcott South of I70

$0

0.00%

0

0.00%

$0

$0

Eagle

$3,423,200

1.61%

8

9.88%

$427,900

$436,000

Gypsum

$2,740,600

1.29%

7

8.64%

$391,514

$430,000

$0

0.00%

0

0.00%

$0

$0

$212,803,500

100%

81

100.00%

$2,627,204

$929,500

Bachelor Gulch Arrowhead Berry Creek, Singletree

Basalt, El Jebel and Misc. In-County

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