Slifer Report 2012 - VBCBrokers.com

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

4

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

5

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

7

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

SS F

5 C

om

pe

tit

or

4 C

om

pe

tit

or

3 or tit pe C

om

pe om C

C

om

pe

tit

tit

or

or

1

2

$0

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