T he Slifer R eport VAIL VALLEY REAL ESTATE 2013 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................................................21-23 SSF Information & Office Listings....................24-25
T
he market will continue to improve in 2014. Real estate sales in the Vail Valley have stayed consistent throughout 2013 with sales volume over $1billion for the second year in a row. Buyers have found incredible value in homes throughout Eagle County. There has been an increased sense of urgency throughout the market as inventory levels hit a 5-year low in May of this year. Short supply and higher demand is keeping the market strong in most segments of the Valley. In 2013, the Vail Valley’s market reached over $1.059 billion in residential and land sales.* This was just short of 2012’s total at $1.167 billion. The number of transactions was also on par with 2012 totaling 1,266 compared to 1,229 in 2013. Inventory continued to decrease in the first half of 2013, hitting a 5-year low in the month of May at just 1,101 land and residential listings available in the Vail MLS, which represents Eagle County. In some communities, a limited amount of available homes can present a challenge to prospective buyers. We do expect more new listings to come on to the market as the year progresses.
One of the top sales of 2013 in the Vail Valley.
On a national level, the Standard & Poor’s/Case Shiller 20-city index reported that home prices rose by 13.61% in October 2013 from the previous October. This confirms that most primary housing markets in almost every major metropolitan area in the US has seen a rise in prices this year. In Colorado’s Front Range we have seen this trend for the past two years and are confident that this is the year prices will start to increase in the resort markets throughout the Vail Valley. Slifer Smith & Frampton Real Estate is proud to again have the most overall market share of any real estate company in Eagle County with close to 50% of the total market. SSFRE continued to dominate the luxury home market with 50% of the transactions (for the both the list and sell sides) in 2013 of sales over $3M. This year, the company has also gained significant market share in some of the more local based communities throughout the Valley. Singletree, as an example, experienced a huge uptick in deals with 109 transactions totaling $88,745,200. SSFRE accounted for 42% of these sales as the number one real estate company in that area. Similar success occurred in Avon/Wildridge where SSFRE was the number one company with 36% of that market. With 17 offices in prime locations throughout Eagle County, we are proud to represent our clients in fulfilling their dream of owning a piece of this spectacular community. As we head into 2014, we are coming off an incredible holiday season. With fantastic early season snow (over 160” falling so far), businesses across the board report one of the busiest seasons in several years. Guests and locals alike seem optimistic about the coming year in terms of great snowfall and skiing, as well as a return of economic stability to our market. We wish you and your family a healthy and prosperous New Year.
Jim F laum
Jim Flaum President and Managing Broker Slifer Smith & Frampton Real Estate
*
Data gathered from the Vail Board of Realtors MLS system
E AG L E C O U N T Y OV E R V I E W TRANSACTION VOLUME COMPARISON 1,500
1,266
NUMBER OF TRANSACTIONS
1,200
1,231
1,004
900
920
600
597
300
0
2009
2010
2011
2012
2013
SALES VOLUME COMPARISON $1,200 1,167.6
$
1,150.7
$
1,060.4
$
$1,000 930.8
$
$800
$600
665.8
$
MILLIONS
$400
$200
$0
2009
2010
2011
2012
2013
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. Š2014 Slifer Smith & Frampton Real Estate
4
2013 SLIFER REPORT
E AG L E C O U N T Y OV E R V I E W ACTIVE INVENTORY HISTORY * 2,000
1,974
1,750
1,671
1,720
1,674
1,505
1,456
1,500 NUMBER OF RESIDENTIAL & LAND PROPERTIES LISTED
1,899
1,464
1,250
1,223
1,222 1,146
1,122
1,000 938
750
500
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
2013
RESIDENTIAL SALES OVER $4MILLION $800
100
80
$500 60 $400 $300
40
$200
13 20
12 20
11 20
10 20
20
09
20
08
$100
20
SALES VOLUME – MILLIONS
$600
NUMBER OF RESIDENTIAL PROPERTIES SOLD OVER $4 MILLION
$700
*Inventory data taken on December 1 of each year and includes residential and land sales only. 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. ©2014 Slifer Smith & Frampton Real Estate
2013 SLIFER REPORT
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
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
2013
$48,350,000
7
347
$6,907,143
$6,200,000
SALES VOLUME
NO. OF SALES
AVER AGE DAYS ON MARKET
AVER AGE SALE
MEDIAN SALE
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
2013
$164,187,532
78
401
$2,104,968
$1,353,000
CONDOMINIUM / TOWNHOME
* Includes 18 condomimium sales at Solaris at Vail in 2010 for $124,821,736 and 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
2009
2010
2011
2012
2013
$1,943
$1,324
$1,907
$1,537
$1,611
CONDOMINIUM / TOWNHOME AVERAGE
2009
2010
2011
2012
2013
$1,234
$1,468
$1,338
$1,255
$1,232
S A L E P R I C E V S L I S T P R I C E C O M PA R I S O N SINGLE-FAMILY/DUPLEX AVERAGE OF SALE PRICE/LAST LISTED PRICE
94.18%
CONDOMINIUM / TOWNHOME AVERAGE OF SALE PRICE/LAST LISTED PRICE
91.80%
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. ©2014 Slifer Smith & Frampton Real Estate
6
2013 SLIFER REPORT
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
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
2013
$15,507,500
5
479
$3,101,500
$2,950,000
*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
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
2013
$16,215,000
14
227
$1,158,214
$1,107,500
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
2009
2010
2011
2012
2013
$531
$669
$1,113
$810
$762
CONDOMINIUM / TOWNHOME AVERAGE
2009
2010
2011
2012
2013
$908
$832
$685
$642
$625
S A L E P R I C E V S L I S T P R I C E C O M PA R I S O N SINGLE-FAMILY/DUPLEX AVERAGE OF SALE PRICE/LAST LISTED PRICE
90.19%
CONDOMINIUM / TOWNHOME AVERAGE OF SALE PRICE/LAST LISTED PRICE
96.13%
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. ©2014 Slifer Smith & Frampton Real Estate
2013 SLIFER REPORT
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
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
2013
$63,007,303
39
182
$1,615,572
$1,550,000
SALES VOLUME
NO. OF SALES
AVER AGE DAYS ON MARKET
AVER AGE SALE
MEDIAN SALE
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
2013
$51,599,402
114
118
$452,626
$395,000
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
2009
2010
2011
2012
2013
$454
$442
$404
$423
$487
CONDOMINIUM / TOWNHOME AVERAGE
2009
2010
2011
2012
2013
$409
$375
$357
$351
$387
S A L E P R I C E V S L I S T P R I C E C O M PA R I S O N SINGLE-FAMILY/DUPLEX AVERAGE OF SALE PRICE/LAST LISTED PRICE
93.05%
CONDOMINIUM / TOWNHOME AVERAGE OF SALE PRICE/LAST LISTED PRICE
94.77%
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. ©2014 Slifer Smith & Frampton Real Estate
8
2013 SLIFER REPORT
E AG L E VA I L 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
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
2013
$15,720,000
28
103
$561,429
$550,000
SALES VOLUME
NO. OF SALES
AVER AGE DAYS ON MARKET
AVER AGE SALE
MEDIAN SALE
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
2013
$11,710,776
36
122
$325,299
$303,750
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
2009
2010
2011
2012
2013
$283
$256
$221
$217
$243
CONDOMINIUM / TOWNHOME AVERAGE
2009
2010
2011
2012
2013
$261
$252
$214
$188
$227
S A L E P R I C E V S L I S T P R I C E C O M PA R I S O N SINGLE-FAMILY/DUPLEX AVERAGE OF SALE PRICE/LAST LISTED PRICE
96.61%
CONDOMINIUM / TOWNHOME AVERAGE OF SALE PRICE/LAST LISTED PRICE
97.17%
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. ©2014 Slifer Smith & Frampton Real Estate
2013 SLIFER REPORT
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
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
2013
$15,955,500
22
130
$725,250
$635,000
SALES VOLUME
NO. OF SALES
AVER AGE DAYS ON MARKET
AVER AGE SALE
MEDIAN SALE
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
2013
$40,549,253
107
187
$378,968
$307,500
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
2009
2010
2011
2012
2013
$268
$229
$207
$209
$248
CONDOMINIUM / TOWNHOME AVERAGE
2009
2010
2011
2012
2013
$416
$397
$331
$269
$318
S A L E P R I C E V S L I S T P R I C E C O M PA R I S O N SINGLE-FAMILY/DUPLEX AVERAGE OF SALE PRICE/LAST LISTED PRICE
95.98%
CONDOMINIUM / TOWNHOME AVERAGE OF SALE PRICE/LAST LISTED PRICE
94.18%
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. ©2014 Slifer Smith & Frampton Real Estate
10
2013 SLIFER REPORT
M O U N TA I N S TA R 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
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
2013
$0
0
N/A
N/A
N/A
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
2009
2010
2011
2012
2013
$822
$575
$570
$499
N/A
S A L E P R I C E V S L I S T P R I C E C O M PA R I S O N SINGLE-FAMILY/DUPLEX 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. ©2014 Slifer Smith & Frampton Real Estate
2013 SLIFER REPORT
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
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
2013
$39,175,000
11
257
$3,561,364
$3,850,000
SALES VOLUME
NO. OF SALES
AVER AGE DAYS ON MARKET
AVER AGE SALE
MEDIAN SALE
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
2013
$76,038,500
61
325
$1,246,533
$930,000
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
2009
2010
2011
2012
2013
$937
$845
$635
$614
$630
CONDOMINIUM / TOWNHOME AVERAGE
2009
2010
2011
2012
2013
$785
$781
$673
$705
$660
S A L E P R I C E V S L I S T P R I C E C O M PA R I S O N SINGLE-FAMILY/DUPLEX AVERAGE OF SALE PRICE/LAST LISTED PRICE
93.83%
CONDOMINIUM / TOWNHOME AVERAGE OF SALE PRICE/LAST LISTED PRICE
92.58%
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. ©2014 Slifer Smith & Frampton Real Estate
12
2013 SLIFER REPORT
B AC H E LO R G U LC H V I L L AG E 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
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
2013
$73,830,000
12
529
$6,152,500
$5,285,000
SALES VOLUME
NO. OF SALES
AVER AGE DAYS ON MARKET
AVER AGE SALE
MEDIAN SALE
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
2013
$31,246,800
17
378
$1,838,047
$1,576,800
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
2009
2010
2011
2012
2013
$980
$895
$877
$912
$848
CONDOMINIUM / TOWNHOME AVERAGE
2009
2010
2011
2012
2013
$832
$781
$784
$765
$746
S A L E P R I C E V S L I S T P R I C E C O M PA R I S O N SINGLE-FAMILY/DUPLEX AVERAGE OF SALE PRICE/LAST LISTED PRICE
90.30%
CONDOMINIUM / TOWNHOME AVERAGE OF SALE PRICE/LAST LISTED PRICE
91.44%
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. ©2014 Slifer Smith & Frampton Real Estate
2013 SLIFER REPORT
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
AVER AGE DAYS ON MARKET
AVER AGE SALE
MEDIAN SALE
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
2013
$56,762,714
29
253
$1,957,335
$1,780,000
SALES VOLUME
NO. OF SALES
AVER AGE DAYS ON MARKET
AVER AGE SALE
MEDIAN SALE
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
2013
$17,713,300
19
256
$932,279
$600,000
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
2009
2010
2011
2012
2013
$547
$439
$428
$466
$436
CONDOMINIUM / TOWNHOME AVERAGE
2009
2010
2011
2012
2013
$520
$501
$459
$479
$483
S A L E P R I C E V S L I S T P R I C E C O M PA R I S O N SINGLE-FAMILY/DUPLEX AVERAGE OF SALE PRICE/LAST LISTED PRICE
91.48%
CONDOMINIUM / TOWNHOME AVERAGE OF SALE PRICE/LAST LISTED PRICE
92.43%
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. ©2014 Slifer Smith & Frampton Real Estate
14
2013 SLIFER REPORT
E DWA R D S , H O M E S T E A D & L A K E C R E E K VA L L E 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
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
2013
$42,240,300
41
229
$1,030,251
$715,000
SALES VOLUME
NO. OF SALES
AVER AGE DAYS ON MARKET
AVER AGE SALE
MEDIAN SALE
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
2013
$18,422,800
51
182
$361,231
$340,000
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
2009
2010
2011
2012
2013
$297
$331
$267
$274
$274
CONDOMINIUM / TOWNHOME AVERAGE
2009
2010
2011
2012
2013
$305
$275
$209
$212
$253
S A L E P R I C E V S L I S T P R I C E C O M PA R I S O N SINGLE-FAMILY/DUPLEX AVERAGE OF SALE PRICE/LAST LISTED PRICE
89.80%
CONDOMINIUM / TOWNHOME AVERAGE OF SALE PRICE/LAST LISTED PRICE
95.27%
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. ©2014 Slifer Smith & Frampton Real Estate
2013 SLIFER REPORT
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
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
2013
$40,802,100
46
141
$887,002
$772,500
SALES VOLUME
NO. OF SALES
AVER AGE DAYS ON MARKET
AVER AGE SALE
MEDIAN SALE
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
2013
$2,982,500
6
135
$497,083
$457,250
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
2009
2010
2011
2012
2013
$302
$274
$264
$238
$274
CONDOMINIUM / TOWNHOME AVERAGE
2009
2010
2011
2012
2013
$381
$314
$268
$240
$244
S A L E P R I C E V S L I S T P R I C E C O M PA R I S O N SINGLE-FAMILY/DUPLEX AVERAGE OF SALE PRICE/LAST LISTED PRICE
94.56%
CONDOMINIUM / TOWNHOME AVERAGE OF SALE PRICE/LAST LISTED PRICE
93.00%
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. ©2014 Slifer Smith & Frampton Real Estate
16
2013 SLIFER REPORT
CORDILLER A, CORDILLER A 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
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
2013
$69,804,000
45
281
$1,551,200
$1,310,000
SALES VOLUME
NO. OF SALES
AVER AGE DAYS ON MARKET
AVER AGE SALE
MEDIAN SALE
2009
$1,680,000
2
394
$840,000
$840,000
2010
$0
0
N/A
N/A
N/A
2011
$1,087,000
1
362
$1,087,000
$1,087,000
2012
$0
0
N/A
N/A
N/A
2013
$0
0
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
2009
2010
2011
2012
2013
$362
$337
$280
$281
$307
CONDOMINIUM / TOWNHOME AVERAGE
2009
2010
2011
2012
2013
$189
N/A
$194
N/A
N/A
S A L E P R I C E V S L I S T P R I C E C O M PA R I S O N SINGLE-FAMILY/DUPLEX AVERAGE OF SALE PRICE/LAST LISTED PRICE
90.38%
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. ©2014 Slifer Smith & Frampton Real Estate
2013 SLIFER REPORT
17
WOLCOT T, BELLYACHE & 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
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
2013
$5,101,500
5
399
$1,020,300
$949,000
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
2009
2010
2011
2012
2013
$261
$365
$256
$215
$216
S A L E P R I C E V S L I S T P R I C E C O M PA R I S O N SINGLE-FAMILY/DUPLEX AVERAGE OF SALE PRICE/LAST LISTED PRICE
92.60%
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. ©2014 Slifer Smith & Frampton Real Estate
18
2013 SLIFER REPORT
E AG L E & E AG L E R A N C H 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
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
2013
$54,273,260
108
99
$502,530
$423,500
SALES VOLUME
NO. OF SALES
AVER AGE DAYS ON MARKET
AVER AGE SALE
MEDIAN SALE
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
2013
$7,392,625
32
61
$231,020
$227,500
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
2009
2010
2011
2012
2013
$221
$185
$151
$156
$170
CONDOMINIUM / TOWNHOME AVERAGE
2009
2010
2011
2012
2013
$223
$178
$134
$128
$160
S A L E P R I C E V S L I S T P R I C E C O M PA R I S O N SINGLE-FAMILY/DUPLEX AVERAGE OF SALE PRICE/LAST LISTED PRICE
95.46%
CONDOMINIUM / TOWNHOME AVERAGE OF SALE PRICE/LAST LISTED PRICE
96.60%
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. ©2014 Slifer Smith & Frampton Real Estate
2013 SLIFER REPORT
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
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
2013
$18,229,545
71
36
$256,754
$246,000
SALES VOLUME
NO. OF SALES
AVER AGE DAYS ON MARKET
AVER AGE SALE
MEDIAN SALE
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
2013
$1,256,590
10
25
$125,659
$120,300
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
2009
2010
2011
2012
2013
$193
$153
$125
$121
$131
CONDOMINIUM / TOWNHOME AVERAGE
2009
2010
2011
2012
2013
$185
$114
$82
$76
$96
S A L E P R I C E V S L I S T P R I C E C O M PA R I S O N SINGLE-FAMILY/DUPLEX AVERAGE OF SALE PRICE/LAST LISTED PRICE
99.87%
CONDOMINIUM / TOWNHOME AVERAGE OF SALE PRICE/LAST LISTED PRICE
100.00%
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. ©2014 Slifer Smith & Frampton Real Estate
20
2013 SLIFER REPORT
HOMESITE SALES AREA NAME
LIST PRICE
SOLD PRICE
S O L D DAT E
Avon
$75,000
$75,000
3/26/13
Beaver Creek
$3,995,000
$3,500,000
8/30/13
Bellyache Ridge Wolcott
$385,000
$340,000
6/11/13
Bellyache Ridge Wolcott
$105,000
$95,000
10/15/13
Bellyache Ridge Wolcott
$110,000
$95,000
7/22/13
Bellyache Ridge Wolcott
$110,000
$90,000
7/22/13
Bellyache Ridge Wolcott
$110,000
$95,000
12/17/13
Bellyache Ridge Wolcott
$75,000
$45,000
10/15/13
Bellyache Ridge Wolcott
$80,000
$70,000
4/1/13
Bellyache Ridge Wolcott
$269,000
$249,000
9/12/13
Bellyache Ridge Wolcott
$219,000
$200,000
4/15/13
Bellyache Ridge Wolcott
$595,000
$530,000
12/20/13
Bellyache Ridge Wolcott
$215,000
$205,000
9/13/13
Bellyache Ridge Wolcott
$800,000
$660,000
11/18/13
Cordillera
$425,000
$400,000
7/26/13
Cordillera
$150,000
$125,000
5/10/13
Cordillera
$99,000
$92,500
4/30/13
Cordillera
$99,000
$70,000
7/11/13
Cordillera
$65,000
$45,000
12/2/13
Cordillera
$85,000
$54,000
7/10/13
Cordillera
$484,000
$410,000
8/19/13
Cordillera
$64,900
$45,000
4/5/13
Cordillera
$64,900
$50,000
3/27/13
Cordillera
$85,900
$50,000
2/15/13
Cordillera
$350,000
$202,500
3/1/13
Cordillera
$185,000
$161,000
5/9/13
Cordillera
$99,000
$77,500
5/28/13
Cordillera
$450,000
$330,000
12/31/13
Cordillera
$89,900
$75,000
5/10/13
Cordillera
$60,000
$45,000
5/10/13
Cordillera
$395,000
$312,500
3/15/13
Cordillera
$129,900
$110,000
7/26/13
Cordillera
$92,500
$93,000
7/8/13
Cordillera
$399,000
$322,500
12/23/13
Cordillera
$60,000
$60,000
12/16/13
Cordillera
$225,000
$225,000
3/5/13
Cordillera
$205,000
$180,000
9/13/13
Cordillera
$150,000
$122,500
8/30/13
Cordillera
$95,000
$67,500
8/16/13
Cordillera
$90,000
$60,000
11/19/13
Cordillera
$50,000
$55,000
11/6/13
Cordillera
$50,000
$55,000
11/6/13
Cordillera
$85,000
$60,000
12/6/13
Cordillera
$99,000
$87,000
12/18/13
Cotton Ranch
$99,900
$58,000
4/19/13
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. Š2014 Slifer Smith & Frampton Real Estate
2013 SLIFER REPORT
21
HOMESITE SALES
CONTINUED FROM PREVIOUS PAGE
AREA NAME
LIST PRICE
SOLD PRICE
S O L D DAT E
Cotton Ranch
$49,500
$43,500
3/6/13
Cotton Ranch
$49,000
$49,000
7/15/13
Cotton Ranch
$47,500
$40,000
7/2/13
Cotton Ranch
$29,000
$24,000
8/8/13
Cotton Ranch
$17,750
$14,500
1/15/13
Cotton Ranch
$17,900
$23,300
3/28/13
Cotton Ranch
$29,000
$29,000
2/5/13
Cotton Ranch
$70,000
$37,500
3/15/13
Cotton Ranch
$38,000
$35,000
8/7/13
Cotton Ranch
$69,000
$65,000
6/25/13
Cotton Ranch
$38,000
$27,000
6/7/13
Cotton Ranch
$36,000
$30,000
9/12/13
Dotsero Colorado River Rd
$650,000
$650,000
11/5/13
Eagle
$269,000
$245,000
7/19/13
Eagle Ranch
$40,000
$40,000
1/29/13
Eagle Ranch
$99,000
$85,500
5/28/13
Eagle Ranch
$70,000
$65,000
8/9/13
Eagle Ranch
$57,000
$57,000
3/19/13
Eagle Ranch
$79,000
$70,000
6/19/13
Eagle Ranch
$70,000
$55,000
3/26/13
Eagle Ranch
$79,000
$60,000
6/7/13
Eagle Ranch
$89,000
$76,800
8/30/13
Eagle Ranch
$69,500
$65,125
4/3/13
Eagle Ranch
$69,000
$62,500
6/14/13
Eagle Ranch
$74,900
$53,000
4/12/13
Eagle Ranch
$60,000
$60,000
5/24/13
Eagle Ranch
$49,000
$45,000
7/11/13
Eagle Ranch
$105,000
$105,000
12/20/13
Eagle Ranch
$64,500
$64,500
7/16/13
Eagle Ranch
$99,000
$85,000
7/3/13
Eagle Ranch
$68,000
$60,000
9/24/13
Eagle Ranch
$95,000
$93,000
11/13/13
Eagle Ranch
$72,000
$72,000
12/10/13
East Vail
$1,300,000
$1,150,000
3/25/13
Edwards
$495,000
$375,000
3/29/13
Edwards
$245,000
$230,000
7/1/13
Gypsum
$89,000
$55,000
10/21/13
Gypsum
$99,000
$70,000
5/30/13
Gypsum
$175,000
$150,000
7/19/13
Gypsum
$150,000
$125,000
12/16/13
Gypsum
$125,000
$108,000
4/4/13
Gypsum
$1,690,000
$1,375,000
2/1/13
Gypsum
$36,955
$27,500
1/21/13
Gypsum
$25,000
$25,000
1/18/13
Gypsum
$77,000
$74,000
3/20/13
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. Š2014 Slifer Smith & Frampton Real Estate
22
2013 SLIFER REPORT
HOMESITE SALES
CONTINUED FROM PREVIOUS PAGE
AREA NAME
LIST PRICE
SOLD PRICE
S O L D DAT E
Gypsum
$59,000
$59,000
8/2/13
Gypsum
$79,000
$75,000
4/5/13
Gypsum
$59,000
$49,000
4/25/13
Gypsum
$29,500
$26,925
5/7/13
Gypsum
$57,000
$57,000
5/13/13
Gypsum
$39,000
$35,000
9/16/13
Gypsum
$39,000
$35,000
9/16/13
Gypsum
$25,000
$23,000
7/15/13
Gypsum
$25,000
$25,000
7/15/13
Highlands
$550,000
$550,000
3/20/13
Homestead
$225,000
$165,000
3/15/13
Homestead
$349,000
$310,000
8/16/13
Lake Creek
$850,000
$725,000
4/30/13
Minturn
$399,000
$325,000
3/29/13
Minturn
$149,000
$111,000
5/17/13
Minturn
$149,000
$111,000
5/17/13
Mountain Star
$649,000
$620,000
9/24/13
Mountain Star
$865,000
$750,000
3/4/13
Mountain Star
$1,720,000
$1,495,000
11/15/13
Mountain Star
$1,400,000
$1,332,000
6/11/13
NW Eagle County McCoy
$100,000
$85,000
8/19/13
NW Eagle County McCoy
$100,000
$75,000
8/19/13
NW Eagle County McCoy
$75,000
$62,501
10/21/13
NW Eagle County McCoy
$2,950,000
$2,950,000
1/24/13
NW Eagle County McCoy
$90,000
$75,000
8/19/13
Redcliff
$225,000
$192,500
12/4/13
Singletree
$349,000
$318,000
5/22/13
Singletree
$289,500
$270,000
8/7/13
West Vail
$495,000
$453,250
10/30/13
West Vail
$475,000
$450,000
6/7/13
West Vail
$325,000
$175,000
12/3/13
Wildridge Wildwood
$335,000
$315,000
5/1/13
Wildridge Wildwood
$249,900
$225,000
3/23/13
Wildridge Wildwood
$219,900
$200,000
8/12/13
Wildridge Wildwood
$325,000
$315,000
11/19/13
Wildridge Wildwood
$285,000
$230,000
3/5/13
TOTAL LAND SALES IN 2013
$29,971,401
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. Š2014 Slifer Smith & Frampton Real Estate
2013 SLIFER REPORT
23
THE MOST TRUSTED NAME IN COLOR ADO MOUNTAIN RE AL ESTATE FOR 50 YE ARS
MARKET SHARE BY CLOSED SALES VOLUME 2013 $1,000
$800,
$600,
$200
8
SSF
Co
m
pe
tit
or
7 Co
m
pe
tit
or
6 Co
m
pe
tit
or
5 Co
m
pe
tit
or
4 Co
m
pe
tit
or
3 or Co
m
pe
tit
or tit pe m Co
Co
m
pe
tit
or
2
$0 1
MILLIONS
$400,
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.
VA I L R E A L E S TAT E . C O M
24
2013 SLIFER REPORT
SLIFER SMITH & FR AMP TON RE AL ESTATE OFFICES FOR FURTHER REAL ESTATE MARKET INFORMATION PLEASE VISIT US AT THE FOLLOWING LOCATIONS THROUGHOUT THE VAIL VALLEY:
VA I L
V I L L AG E S O F
Bridge Street
B E AV E R C R E E K
970.476.2421 | 800.544.2421
Arrowhead 970.926.3000 | 800.535.8882
Solaris 970.477.5720 | 888.412.6620 Lionshead
Bachelor Gulch Village 970.845.2300 | 888.677.8380
970.479.0245 | 866.639.8245 Highlands Lodge
AV O N
970.845.9403
Corporate Office
Park Hyatt
970.845.2000 | 888.692.7360
Promenade and Lobby 970.845.9400 | 800.944.9050
Mountain Star 970.748.5545
St. James Place
The Westin Riverfront
970.845.9900 | 888.773.8858
970.748.5420 | 888.748.5420
The Charter 970.845.3815
CORDILLER A
Vacation Ownership Center
The Divide 970.926.3505 | 800.624.0632
970.949.5811 | 800.962.5920
WOLCOT T
E AG L E
Red Sky Ranch
Eagle Ranch
970.754.8411 | 877.973.3759
970.328.2550 | 877.328.2550
2013 SLIFER REPORT
25
ONE WEBSITE... EVERY PROPERT Y IN THE VAIL VALLEY
Vail R eal E state.com