t he slifeR R ePoRt vail valle y re al estate 2012 annual market review
va i l r e a l e s tat e .c o m
ta b l e o f c o n t e n t s Introduction ...........................................................3 Eagle County Overview ......................................4-5 Vail Village & Lionshead.........................................6 Vail Golf Course, Spraddle Creek & Cascade Village ..................................................7 Vail - All Other Areas .............................................8 EagleVail .................................................................9 Avon & Wildridge ................................................ 10 Mountain Star ...................................................... 11 Beaver Creek Village ............................................ 12 Bachelor Gulch Village ......................................... 13 Arrowhead Village ............................................... 14 Edwards, Homestead & Lake Creek Valley .............................................15 Singletree ............................................................. 16 Cordillera, Cordillera Valley Club & Timber Springs .................................................17 Wolcott, Bellyache Ridge & Red Sky Ranch ..................................................18 Eagle & Eagle Ranch ............................................19 Gypsum, Cotton Ranch & Buckhorn Valley ................................................20 Homesite Sales................................................21-22 SSF Information & OfďŹ ce Listings ...................23-24
The market will continue to improve in 2013. Real estate sales in the Vail Valley have rebounded this year with sales volume over $1 billion. Buyers have found incredible value in homes throughout our Valley. Smart sellers are pricing properties to the market. Mortgage rates are at historic lows. Short supply and higher demand is keeping our market strong in most segments of the market. New this year for our Slifer Report data, we are pulling all information from the Vail Board of Realtors MLS program so that our numbers are reflective of the Vail Valley market. The following graphs include data from the previous years gathered through this system. In 2012, the Vail Valley’s market climbed to over $1.167 billion in residential and land sales. This is an increase over 2011 which had over $930 million in sales. There were more buyers in 2012 with 1,266 deals compared to 1,004 in 2011. Inventory remains at a 5 year low around 1,200 residential and land listings available in the Vail MLS representing Eagle County mainly covering East Vail to Dotsero. This is a trend that we are watching closely. In some communities, a limited amount of available homes can present a challenge to prospective buyers. We do expect more new listings coming on as the year progresses but do not foresee a large amount of “shadow inventory” to flood the market. Luxury home sales over $4 million totaled 51 as compared to 40 in 2011. The dollar volume for these sales was over $340 million for 2012 where 2011 had $266 million. The highest sale was $14.1 million in Vail Village and was listed by Slifer Smith & Frampton. In total, there were 8 sales over $10 million in 2012. Prices, in most areas of our market, seem to be at or near the bottom. In our business, it is always very difficult to predict the bottom of the market, however, we do feel that prices will begin to moderately adjust upwards in 2013. On a national level, The Standard & Poor’s/Case-Shiller 20-city index reported that home prices rose by 4.3% in October from October 2011. Since January 2012, prices were up 6.9% so far this year, the largest-to-date gain since 2005. A separate index by Lender Processing Services Inc. showed that national home prices were up by 5.3% this year through October.* There is quite a buzz happening in the Vail Valley. Vail celebrated 50 years in December. A new gondola replaced the older Vista Bahn Chair in Vail Village. After a warm start to the winter, storms in December brought in over 5 feet of snow just before the Holidays. As I walk through our resort villages, I see people laughing and sharing memories with their families and friends. It is a wonderful reminder of the truly amazing place where we live.
With Warm Regards,
Jim F laum
Jim Flaum
President and Managing Broker Slifer Smith & Frampton Real Estate *Wall Street Journal, 12.27.12
2012 sl i fe r r e p o r t
3
e ag l e c o u n t y ov e r v i e w t r a n s ac t i o n vo l u m e c o m pa r i s o n 1,500
NUMBER OF TR ANSAC TIONS
1,266 1,200 1,025
1,004 920
900 597 600
300
0
2008
2009
2010
2011
2012
s a l e s vo l u m e c o m pa r i s o n $2.0 $1.680 $1.5 $1.168
$1.151 $0.931
$1.0
BILLIONS
$0.666 $0.5
$0
2008
2009
2010
2011
2012
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. Š2013 Slifer Smith & Frampton Real Estate
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2012 Sl i fe r R e p o r t
e ag l e c o u n t y ov e r v i e w ac t i v e l i s t i n g i n v e n t o r y 2,500 1,974 1,505
1,500
1,222
1,700
1,720
1,900
1,456
1,674
2,100
1,300 1,100 938
900 700
12 20
11 20
10 20
09 20
08 20
07 20
06 20
05 20
04 20
03 20
20
20
02
500
01
NUMBER OF RESIDENTIAL & L AND PROPERTIES LIS TED
2,300
$800
100
80
$600 $500
60 $400 $300
40
$200
12 20
11 20
20
20
20
10
20
09
$100
08
SALES VOLUME – MILLIONS
$700
NUMBER OF RESIDENTIAL PROPERTIES SOL D OV ER $ 4 MILLION
R e s i d e n t i a l S a l e s Ov e r $ 4 M i l l i o n
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. ©2013 Slifer Smith & Frampton Real Estate
2012 Sl i fe r R e p o r t
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vail vill age & Lionshe ad 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
2008*
$185,425,000
16
250
$11,589,063
$12,300,000
2009
$24,250,000
3
231
$8,083,333
$5,450,000
2010
$16,887,000
3
548
$5,629,000
$5,400,000
2011
$42,650,000
5
266
$8,530,000
$7,500,000
2012
$79,340,000
11
437
$7,212,727
$7,500,000
*Includes 12 duplex sales from The Chalets at the Lodge At Vail in 2008.
condominium / townhome Sales Volume
No. of Sales
Aver age Days on Market
Aver age Sale
Median Sale
2008*
$468,767,448
132
710
$3,551,269
$2,895,000
2009
$70,967,000
35
357
$2,027,629
$1,300,000
2010**
$339,371,812
108
499
$3,142,332
$2,450,000
2011
$187,149,130
67
307
$2,793,271
$2,301,605
2012
$182,315,850
82
391
$2,223,364
$1,785,000
*Includes 80 Condominium Sales from The Arrabelle at Vail Square in 2008. ** Includes 18 condomimium sales at Solaris at Vail in 2010 for $124,821,736. Includes 15 condominium sales at The Ritz Carlton, Vail in 2010 for $44,177,216.
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/Duplex average
2008
2009
2010
2011
2012
$2,189
$1,943
$1,324
$1,907
$1,537
condominium / townhome average
2008
2009
2010
2011
2012
$1,388
$1,234
$1,468
$1,338
$1,255
SALE PRICE VS LIST PRICE COMPARISON Single-Family/Duplex AVERAGE OF SALE PRICE/LAST LISTED PRICE
84.56%
condominium / townhome AVERAGE OF SALE PRICE/LAST LISTED PRICE
91.37%
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. ©2013 Slifer Smith & Frampton Real Estate
6
2012 Sl i fe r R e p o r t
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
2008
$18,199,000
4
196
$4,549,750
$3,824,500
2009*
$5,520,000
3
175
$1,840,000
$2,000,000
2010
$18,750,000
5
228
$3,750,000
$4,050,000
2011*
$15,000,000
3
219
$5,000,000
$3,200,000
2012
$37,831,500
11
463
$3,439,227
$3,425,000
*There were three duplex and no single-family sales in 2009 and 2011.
condominium / townhome Sales Volume
No. of Sales
Aver age Days on Market
Aver age Sale
Median Sale
2008
$10,544,000
7
172
$1,506,286
$1,549,000
2009
$8,230,000
5
159
$1,646,000
$1,795,000
2010
$5,845,000
4
507
$1,461,250
$1,550,000
2011
$9,089,000
7
327
$1,298,429
$1,500,000
2012
$13,729,250
10
284
$1,372,925
$1,400,000
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/Duplex average
2008
2009
2010
2011
2012
$1,163
$531
$669
$1,113
$810
condominium / townhome average
2008
2009
2010
2011
2012
$867
$908
$832
$685
$642
SALE PRICE VS LIST PRICE COMPARISON Single-Family/Duplex AVERAGE OF SALE PRICE/LAST LISTED PRICE
88.18%
condominium / townhome AVERAGE OF SALE PRICE/LAST LISTED PRICE
88.40%
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. Š2013 Slifer Smith & Frampton Real Estate
2012 Sl i fe r R e p o r t
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vail - all other are a s 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
2008
$68,286,350
37
234
$1,830,104
$1,675,000
2009
$53,015,475
33
268
$1,606,530
$1,400,000
2010
$76,640,500
46
325
$1,666,098
$1,500,000
2011
$58,861,385
42
308
$1,401,462
$1,112,500
2012
$60,687,018
44
227
$1,379,250
$1,106,250
Sales Volume
No. of Sales
Aver age Days on Market
Aver age Sale
Median Sale
2008
$37,085,500
70
169
$529,793
$529,750
2009
$20,823,900
44
198
$473,270
$423,750
2010
$35,112,000
71
337
$494,535
$430,000
2011
$35,852,885
81
222
$442,628
$380,000
2012
$52,358,350
124
208
$422,245
$394,150
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/Duplex average
2008
2009
2010
2011
2012
$571
$454
$442
$404
$423
condominium / townhome average
2008
2009
2010
2011
2012
$491
$409
$375
$357
$351
SALE PRICE VS LIST PRICE COMPARISON Single-Family/Duplex AVERAGE OF SALE PRICE/LAST LISTED PRICE
88.84%
condominium / townhome AVERAGE OF SALE PRICE/LAST LISTED PRICE
93.89%
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. Š2013 Slifer Smith & Frampton Real Estate
8
2012 Sl i fe r R e p o r t
e aglevail 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
2008
$18,307,900
22
194
$832,177
$715,000
2009
$6,761,250
11
248
$614,659
$535,000
2010
$14,833,000
22
251
$674,227
$565,750
2011
$17,460,000
22
160
$793,636
$525,000
2012
$17,386,670
35
115
$496,762
$435,000
Sales Volume
No. of Sales
Aver age Days on Market
Aver age Sale
Median Sale
2008
$8,820,500
21
194
$420,024
$400,000
2009
$5,970,250
15
146
$398,017
$380,000
2010
$7,317,074
21
200
$348,432
$307,000
2011
$7,216,770
25
151
$288,671
$299,000
2012
$9,555,800
37
129
$258,265
$255,000
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/Duplex average
2008
2009
2010
2011
2012
$326
$283
$256
$221
$217
condominium / townhome average
2008
2009
2010
2011
2012
$328
$261
$252
$214
$188
SALE PRICE VS LIST PRICE COMPARISON Single-Family/Duplex AVERAGE OF SALE PRICE/LAST LISTED PRICE
95.89%
condominium / townhome AVERAGE OF SALE PRICE/LAST LISTED PRICE
94.44%
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. Š2013 Slifer Smith & Frampton Real Estate
2012 Sl i fe r R e p o r t
9
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
2008
$14,358,870
11
229
$1,435,887
$1,500,000
2009
$10,853,616
11
306
$986,692
$900,000
2010
$8,998,250
13
283
$692,173
$675,000
2011
$7,381,700
11
131
$671,064
$515,000
2012
$19,913,000
30
203
$663,767
$630,000
Sales Volume
No. of Sales
Aver age Days on Market
Aver age Sale
Median Sale
2008
$117,489,774
159
520
$738,929
$479,750
2009
$13,123,500
29
395
$452,534
$360,000
2010
$56,476,141
123
689
$459,156
$321,750
2011*
$47,941,568
109
127
$439,831
$399,000
2012
$30,815,150
102
166
$302,109
$265,000
condominium / townhome
*Includes 41 sales at THE ASCENT for $25,709,000.
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/Duplex average
2008
2009
2010
2011
2012
$354
$268
$229
$207
$209
condominium / townhome average
2008
2009
2010
2011
2012
$859
$416
$397
$331
$269
SALE PRICE VS LIST PRICE COMPARISON Single-Family/Duplex AVERAGE OF SALE PRICE/LAST LISTED PRICE
83.49%
condominium / townhome AVERAGE OF SALE PRICE/LAST LISTED PRICE
94.73%
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. Š2013 Slifer Smith & Frampton Real Estate
10
2012 Sl i fe r R e p o r t
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
2008
$3,750,000
1
812
$3,750,000
$3,750,000
2009
$21,980,000
3
299
$7,326,667
$3,600,000
2010
$12,100,000
3
579
$4,033,333
$4,200,000
2011
$9,870,000
3
507
$3,290,000
$3,500,000
2012
$16,050,000
4
357
$4,012,500
$3,825,000
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/Duplex average
2008
2009
2010
2011
2012
$481
$822
$575
$570
$499
SALE PRICE VS LIST PRICE COMPARISON Single-Family/Duplex AVERAGE OF SALE PRICE/LAST LISTED PRICE
79.55%
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. Š2013 Slifer Smith & Frampton Real Estate
2012 Sl i fe r R e p o r t
11
be aver creek vill age 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
2008
$78,716,106
16
328
$4,919,757
$5,112,500
2009
$28,100,000
4
137
$7,025,000
$4,850,000
2010
$81,017,000
13
262
$6,232,077
$5,567,000
2011
$28,481,000
8
481
$3,560,125
$2,850,000
2012
$73,658,500
19
248
$3,876,763
$3,550,000
Sales Volume
No. of Sales
Aver age Days on Market
Aver age Sale
Median Sale
2008
$82,715,282
49
212
$1,688,067
$1,350,000
2009
$57,961,081
30
302
$1,932,036
$1,721,791
2010
$95,016,000
54
287
$1,759,556
$1,472,500
2011
$79,669,000
59
339
$1,350,322
$1,083,000
2012
$108,120,279
63
318
$1,716,195
$1,028,000
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/Duplex average
2008
2009
2010
2011
2012
$873
$937
$845
$635
$614
condominium / townhome average
2008
2009
2010
2011
2012
$892
$785
$781
$673
$705
SALE PRICE VS LIST PRICE COMPARISON Single-Family/Duplex AVERAGE OF SALE PRICE/LAST LISTED PRICE
93.21%
condominium / townhome AVERAGE OF SALE PRICE/LAST LISTED PRICE
92.04%
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. Š2013 Slifer Smith & Frampton Real Estate
12
2012 Sl i fe r R e p o r t
bachelor gulch vill age 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
2008
$37,425,000
4
263
$9,356,250
$9,550,000
2009
$35,500,000
5
421
$7,100,000
$6,750,000
2010
$13,750,000
2
403
$6,875,000
$6,875,000
2011
$66,398,750
10
521
$6,639,875
$7,050,000
2012
$65,285,000
8
251
$8,160,625
$7,825,000
Sales Volume
No. of Sales
Aver age Days on Market
Aver age Sale
Median Sale
2008
$68,324,000
25
220
$2,732,960
$2,350,000
2009
$20,900,000
9
341
$2,322,222
$2,150,000
2010
$28,415,200
14
454
$2,029,657
$1,750,000
2011
$32,378,000
15
410
$2,158,533
$2,000,000
2012
$32,432,500
18
175
$1,801,806
$1,475,000
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/Duplex average
2008
2009
2010
2011
2012
$1,115
$980
$895
$877
$912
condominium / townhome average
2008
2009
2010
2011
2012
$1,240
$832
$781
$784
$765
SALE PRICE VS LIST PRICE COMPARISON Single-Family/Duplex AVERAGE OF SALE PRICE/LAST LISTED PRICE
91.09%
condominium / townhome AVERAGE OF SALE PRICE/LAST LISTED PRICE
89.82%
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. Š2013 Slifer Smith & Frampton Real Estate
2012 Sl i fe r R e p o r t
13
arrowhe ad vill age S i n g l e - Fa m i ly/ D u p l e x Sales Volume
No. of Sales
Average Days on Market
Average Sale
Median Sale
2008
$66,654,500
16
257
$4,103,406
$3,531,250
2009
$54,825,000
20
319
$2,741,250
$1,992,500
2010
$38,475,000
20
367
$1,923,750
$1,662,500
2011
$55,607,500
26
412
$2,138,750
$1,650,000
2012
$78,311,406
32
322
$2,447,231
$1,962,500
Sales Volume
No. of Sales
Average Days on Market
Average Sale
Median Sale
2008
$22,916,000
18
182
$1,273,111
$1,242,500
2009
$11,406,500
14
259
$814,750
$680,000
2010
$13,243,500
17
352
$779,029
$585,000
2011
$9,201,500
11
238
$836,000
$900,000
2012
$13,039,500
15
473
$869,300
$620,000
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/Duplex average
2008
2009
2010
2011
2012
$666
$547
$439
$428
$466
condominium / townhome average
2008
2009
2010
2011
2012
$671
$520
$501
$459
$479
SALE PRICE VS LIST PRICE COMPARISON Single-Family/Duplex AVERAGE OF SALE PRICE/LAST LISTED PRICE
91.14%
condominium / townhome AVERAGE OF SALE PRICE/LAST LISTED PRICE
88.53%
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. Š2013 Slifer Smith & Frampton Real Estate
14
2012 Sl i fe r R e p o r t
edwards, homeste ad & L ake creek valle y 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
2008
$34,683,062
27
264
$1,284,558
$899,000
2009
$19,346,625
15
389
$1,289,775
$800,000
2010
$27,309,220
22
274
$1,241,328
$955,000
2011
$20,417,000
19
256
$1,074,579
$750,000
2012
$29,419,400
32
160
$919,356
$643,750
Sales Volume
No. of Sales
Aver age Days on Market
Aver age Sale
Median Sale
2008
$16,498,639
37
170
$445,909
$417,000
2009
$10,724,750
26
192
$412,490
$377,500
2010
$9,584,000
25
253
$383,360
$335,000
2011
$8,439,860
29
253
$291,030
$267,110
2012
$14,569,821
52
88
$280,189
$255,750
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/Duplex average
2008
2009
2010
2011
2012
$438
$297
$331
$267
$274
condominium / townhome average
2008
2009
2010
2011
2012
$340
$305
$275
$209
$212
SALE PRICE VS LIST PRICE COMPARISON Single-Family/Duplex AVERAGE OF SALE PRICE/LAST LISTED PRICE
91.71%
condominium / townhome AVERAGE OF SALE PRICE/LAST LISTED PRICE
94.81%
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. Š2013 Slifer Smith & Frampton Real Estate
2012 Sl i fe r R e p o r t
15
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
2008
$33,966,750
28
213
$1,213,098
$960,000
2009
$26,804,136
27
212
$992,746
$870,000
2010
$17,811,260
21
297
$848,155
$730,000
2011
$25,744,687
29
252
$887,748
$755,000
2012
$30,480,703
43
151
$708,854
$648,900
Sales Volume
No. of Sales
Aver age Days on Market
Aver age Sale
Median Sale
2008
$2,845,800
4
205
$711,250
$697,500
2009
$1,817,000
3
294
$605,667
$535,000
2010
$2,481,500
5
403
$496,300
$450,000
2011
$2,343,000
4
337
$585,750
$650,000
2012
$3,356,000
8
328
$419,500
$365,000
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/Duplex average
2008
2009
2010
2011
2012
$373
$302
$274
$264
$238
condominium / townhome average
2008
2009
2010
2011
2012
$364
$381
$314
$268
$240
SALE PRICE VS LIST PRICE COMPARISON Single-Family/Duplex AVERAGE OF SALE PRICE/LAST LISTED PRICE
93.44%
condominium / townhome AVERAGE OF SALE PRICE/LAST LISTED PRICE
91.42%
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. Š2013 Slifer Smith & Frampton Real Estate
16
2012 Sl i fe r R e p o r t
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
2008
$68,640,000
32
311
$2,145,000
$1,865,000
2009
$59,948,500
31
330
$1,933,823
$1,620,000
2010
$84,530,400
45
334
$1,878,453
$1,700,000
2011
$32,366,000
22
425
$1,471,182
$1,225,000
2012
$36,456,750
24
314
$1,519,031
$1,240,000
Sales Volume
No. of Sales
Aver age Days on Market
Aver age Sale
Median Sale
2008
N/A
N/A
N/A
N/A
N/A
2009
$1,680,000
2
394
$840,000
$840,000
2010
N/A
N/A
N/A
N/A
N/A
2011
$1,087,000
1
362
$1,087,000
$1,087,000
2012
N/A
N/A
N/A
N/A
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/Duplex average
2008
2009
2010
2011
2012
$419
$362
$337
$280
$281
condominium / townhome average
2008
2009
2010
2011
2012
N/A
$189
N/A
$194
N/A
SALE PRICE VS LIST PRICE COMPARISON Single-Family/Duplex AVERAGE OF SALE PRICE/LAST LISTED PRICE
89.26%
condominium / townhome AVERAGE OF SALE PRICE/LAST LISTED PRICE
N/A
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. Š2013 Slifer Smith & Frampton Real Estate
2012 Sl i fe r R e p o r t
17
wolcot t, bellyache ridge & red sk y r anch 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
2008
$2,677,620
1
615
$2,677,620
$2,677,620
2009
$2,725,000
3
320
$908,333
$1,000,000
2010
$26,458,500
12
268
$2,204,875
$2,215,000
2011
$11,468,170
10
211
$1,146,817
$1,076,335
2012
$13,942,000
13
225
$1,072,462
$775,000
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/Duplex average
2008
2009
2010
2011
2012
$774
$261
$365
$256
$215
SALE PRICE VS LIST PRICE COMPARISON Single-Family/Duplex AVERAGE OF SALE PRICE/LAST LISTED PRICE
88.25%
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. Š2013 Slifer Smith & Frampton Real Estate
18
2012 Sl i fe r R e p o r t
e agle & e agle R anch 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
2008
$46,788,796
66
189
$708,921
$688,650
2009
$29,942,347
44
274
$680,508
$512,500
2010
$32,740,010
59
288
$554,915
$480,500
2011
$36,400,400
79
160
$460,765
$419,900
2012
$55,706,009
125
133
$445,648
$369,500
Sales Volume
No. of Sales
Aver age Days on Market
Aver age Sale
Median Sale
2008
$15,934,642
41
235
$388,650
$370,000
2009
$6,524,750
20
255
$326,238
$317,500
2010
$8,947,275
33
225
$271,130
$267,000
2011
$9,120,200
50
212
$182,404
$170,000
2012
$8,534,175
48
90
$177,795
$172,500
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/Duplex average
2008
2009
2010
2011
2012
$253
$221
$185
$151
$156
condominium / townhome average
2008
2009
2010
2011
2012
$282
$223
$178
$134
$128
SALE PRICE VS LIST PRICE COMPARISON Single-Family/Duplex AVERAGE OF SALE PRICE/LAST LISTED PRICE
94.27%
condominium / townhome AVERAGE OF SALE PRICE/LAST LISTED PRICE
97.12%
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. Š2013 Slifer Smith & Frampton Real Estate
2012 Sl i fe r R e p o r t
19
gypsum, cot ton r anch & buckhorn valle y 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
2008
$37,342,846
86
200
$434,219
$404,000
2009
$13,235,647
35
237
$378,161
$350,000
2010
$17,395,694
52
175
$334,533
$324,250
2011
$15,936,365
64
137
$249,006
$237,000
2012
$34,412,911
122
99
$282,073
$254,500
Sales Volume
No. of Sales
Aver age Days on Market
Aver age Sale
Median Sale
2008
$1,992,500
8
98
$249,063
$247,500
2009
$2,812,225
11
211
$255,657
$265,000
2010
$778,800
5
68
$155,760
$160,000
2011
$1,926,800
18
92
$107,044
$99,950
2012
$2,986,900
29
48
$102,997
$100,000
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/Duplex average
2008
2009
2010
2011
2012
$215
$193
$153
$125
$121
condominium / townhome average
2008
2009
2010
2011
2012
$246
$185
$114
$82
$76
SALE PRICE VS LIST PRICE COMPARISON Single-Family/Duplex AVERAGE OF SALE PRICE/LAST LISTED PRICE
96.17%
condominium / townhome AVERAGE OF SALE PRICE/LAST LISTED PRICE
95.63%
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. Š2013 Slifer Smith & Frampton Real Estate
20
2012 Sl i fe r R e p o r t
homesite sales a r e a n a m e L i s t p r i c e
sold price
s o l d dat e
Beaver Creek Bellyache Ridge Wolcott Bellyache Ridge Wolcott Bellyache Ridge Wolcott Bellyache Ridge Wolcott Bellyache Ridge Wolcott Bellyache Ridge Wolcott Bellyache Ridge Wolcott Bellyache Ridge Wolcott Brush Creek Cordillera Cordillera Cordillera Cordillera Cordillera Cordillera Cordillera Cordillera Cordillera Cordillera Cordillera Cordillera Cordillera Cordillera Cordillera Cordillera Cotton Ranch Cotton Ranch Cotton Ranch Cotton Ranch Cotton Ranch Cotton Ranch Cotton Ranch Cotton Ranch Cordillera Valley Club Dotsero Colorado River Rd Eagle Eagle Eagle Ranch Eagle Ranch Eagle Ranch Eagle Ranch Eagle Ranch Eagle Ranch Eagle Ranch Eagle Ranch Eagle Ranch Eagle Ranch Eagle Ranch Eagle Ranch Eagle Ranch Eagle Ranch
$1,800,000 $260,000 $475,000 $80,000 $300,000 $267,500 $530,000 $230,000 $101,500 $33,000 $100,000 $475,000 $100,000 $110,000 $159,000 $140,000 $418,512 $200,000 $100,000 $125,000 $128,310 $125,580 $96,000 $50,000 $360,000 $200,000 $20,000 $24,000 $20,000 $20,000 $20,000 $23,500 $15,000 $21,250 $225,000 $18,000 $1,620,000 $26,000 $50,000 $49,000 $50,000 $33,300 $36,000 $66,000 $100,000 $60,000 $67,800 $35,000 $35,000 $35,000 $35,000 $35,000
10/25/12 09/13/12 01/11/12 06/07/12 07/27/12 09/13/12 11/02/12 10/05/12 12/27/12 10/02/12 05/07/12 04/17/12 12/29/12 03/06/12 04/26/12 10/11/12 04/03/12 04/18/12 04/30/12 12/28/12 09/11/12 09/11/12 11/02/12 12/17/12 09/26/12 12/13/12 03/27/12 03/29/12 01/24/12 01/30/12 01/30/12 05/14/12 12/12/12 10/31/12 03/14/12 05/03/12 11/29/12 05/22/12 06/20/12 06/01/12 03/30/12 09/27/12 09/27/12 09/25/12 10/12/12 10/24/12 10/24/12 11/29/12 11/29/12 11/29/12 11/29/12 11/29/12
$2,250,000 $369,000 $649,000 $109,000 $375,000 $375,000 $650,000 $299,900 $120,000 $38,000 $125,000 $650,000 $200,000 $135,000 $320,000 $175,000 $599,500 $217,500 $135,000 $249,000 $195,000 $195,000 $119,000 $79,900 $425,000 $200,000 $29,150 $24,000 $28,000 $24,800 $24,800 $27,000 $18,600 $25,000 $325,000 $18,000 $2,280,000 $25,000 $50,000 $49,000 $57,500 $37,500 $58,700 $130,000 $129,000 $62,500 $69,900 $100,000 $100,000 $100,000 $100,000 $100,000
continued on following page 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. Š2013 Slifer Smith & Frampton Real Estate
2012 Sl i fe r R e p o r t
21
homesite sales
continued from previous page
a r e a n a m e L i s t p r i c e
sold price
s o l d dat e
Eagle Ranch Eagle Ranch Eagle Ranch EagleVail Gypsum Gypsum Gypsum Gypsum Gypsum Valley Brightwater Gypsum Valley Brightwater Gypsum Valley Brightwater Gypsum Valley Brightwater Homestead Lake Creek Valley Lake Creek Valley Lake Creek Valley Lake Creek Valley Lionshead Mountain Star Mountain Star Mountain Star NW Eagle County McCoy NW Eagle County McCoy Singletree The Valley Ridge at Vail The Valley Ridge at Vail The Valley Ridge at Vail West Vail South West Vail South Wildridge Wildwood Wildridge Wildwood Gypsum Valley Brightwater Gypsum Valley Brightwater Gypsum Valley Brightwater Gypsum Valley Brightwater Gypsum Valley Brightwater Gypsum Valley Brightwater Redcliff NW Eagle County NW Eagle County NW Eagle County Out of County Out of County Out of County Out of County Out of County Sandstone Lionsridge Sandstone Lionsridge Sandstone Lionsridge Vail Village
$35,000 $35,000 $35,000 $190,000 $600,000 $93,000 $22,000 $76,000 $29,000 $21,000 $47,500 $94,900 $100,000 $260,000 $119,000 $1,160,000 $1,250,000 $4,150,000 $1,300,000 $1,125,000 $775,000 $150,000 $120,000 $130,000 $500,000 $1,350,000 $600,000 $350,000 $410,000 $350,000 $180,000 $27,500 $27,500 $10,000 $24,500 $26,000 $28,000 $44,000 $980,000 $690,000 $2,200,000 $1,950,000 $145,000 $813,000 $180,000 $620,000 $250,000 $445,000 $510,000 $6,825,000
11/29/12 11/29/12 11/29/12 09/03/12 08/17/12 01/20/12 01/20/12 07/30/12 01/20/12 02/22/12 03/21/12 06/29/12 03/12/12 08/14/12 09/18/12 08/23/12 10/16/12 12/28/12 03/28/12 06/23/12 10/05/12 10/19/12 06/28/12 03/27/12 05/25/12 12/24/12 11/26/12 05/16/12 05/18/12 03/29/12 06/01/12 9/12/11 9/12/11 6/28/11 9/19/11 11/14/11 11/8/11 9/21/11 2/18/11 8/4/11 8/23/11 1/25/11 2/17/11 12/15/11 10/7/11 9/20/11 10/31/11 8/30/11 8/11/11 10/13/11
TOTAL LAND SALES IN 2012
$100,000 $100,000 $100,000 $200,000 $695,000 $99,900 $35,000 $99,000 $29,900 $20,000 $59,000 $120,000 $134,900 $400,000 $400,000 $949,000 $1,250,000 $4,995,000 $1,495,000 $1,295,000 $780,000 $199,500 $125,000 $175,000 $695,000 $1,350,000 $795,000 $375,000 $499,000 $425,000 $195,000 $39,000 $39,000 $20,000 $29,900 $25,000 $28,000 $52,370 $1,500,000 $799,000 $2,750,000 $1,950,000 $150,000 $795,000 $199,000 $640,000 $895,000 $519,000 $519,000 $8,100,000
$25,361,652
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. Š2013 Slifer Smith & Frampton Real Estate
22
2012 Sl i fe r R e p o r t
K nowledge. Wisdom. I nsight. Gained from 50 years serving the Vail Valley. $1200 $1,074
c lo s e d s a l e s Vo l u m e 2 012
$1000
$800
$600
$400
$200
$156 $97
$72
$38
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MILLIONS
$239
Today’s real estate market can be extremely complicated. Now more than ever it is important that you work with the market experts. Slifer Smith & Frampton Real Estate has a 50-year 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.
Vail R eal E state.com Based on VBOR MLS residential data from 1/1/12 through 12/31/12. Sell sides and list sides combined for totals. Includes closest competitors only.
2012 Sl i fe r R e p o r t
23
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:
va i l Bridge Street 970.476.2421 | 800.544.2421
v i l l ag e s o f b e av e r c r e e k Arrowhead 970.926.3000 | 800.535.8882
Solaris 970.477.5720 | 888.412.6620
Bachelor Gulch Village 970.845.2300 | 888.677.8380
Lionshead 970.479.0245 | 866.639.8245
Highlands Lodge 970.845.9403
av o n Corporate OfďŹ ce 970.845.2000 | 888.692.7360
Park Hyatt Promenade and Lobby 970.845.9400 | 800.944.9050
Mountain Star 970.748.5545
St. James Place
The Westin Riverfront 970.748.5420 | 888.748.5420
970.845.9900 | 888.773.8858 The Charter 970.845.3815
cordiller a The Divide 970.926.3505 | 800.624.0632
Vacation Ownership Center
wolcot t
e ag l e
Red Sky Ranch
Eagle Ranch
970.754.8411 | 877.973.3759
970.328.2550 | 877.328.2550
970.949.5811 | 800.962.5920
va i l r e a l e s tat e . c o m