Slifer Report - 2013 - VBCBeokers.com

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

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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

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ONE WEBSITE...

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