2023 DOWN - VALLEY
MARKET REPORT QUARTER THREE
QUARTER THREE
MARKET PERFORMANCE
DOWN-VALLEY REAL ESTATE IN THE VAIL VALLEY, COLORADO Throughout the down-valley areas of the Vail Valley, you'll find thriving neighborhoods perfect for families as well as expansive ranches and riverfront properties. Engel & Völkers Vail and Beaver Creek represent an amazing variety of real estate. Across the Vail Valley, every property is special, and we understand the unique real estate opportunities that arise every day in this exceptional region of the Rocky Mountains.
Q3 Market Update
// Minturn // Minturn offers abundant recreational opportunities. The upper Eagle River parallels the main street which is lined with restaurants, apartments, and single-family homes. The river hosts great fishing, a kayak course, and its banks have a beautiful music amphitheater and children’s park.
MINTURN
NUMBER OF CLOSINGS IN THIRD QUARTER 8
4
7
1
2020
2021
2022
2023
AVERAGE SALES PRICE IN THIRD QUARTER 775,562
2020
872,875
2021 2022
1,117,285
2023
1,857,500
AVERAGE PRICE PER SQUARE FOOT IN THIRD QUARTER $793 $638 $441
2020
$492
2021
2022
2023
DAYS ON MARKET IN THIRD QUARTER
199
11
42
42
2020
2021
2022
2023
Q3 Market Update
// Eagle Vail // Located 5 miles west of Vail Village and one mile east of Beaver Creek; Eagle Vail is a family neighborhood with schools, a golf course, parks, tennis courts and a swimming pool plus exceptional hiking and mountain biking.
EAGLE VAIL
NUMBER OF CLOSINGS IN THIRD QUARTER 29
26
20
13
2020
2021
2022
2023
AVERAGE SALES PRICE IN THIRD QUARTER
2020
987,887
2021
1,023,501 1,234,741
2022
2023
1,511,291
AVERAGE PRICE PER SQUARE FOOT IN THIRD QUARTER $699
$695
2022
2023
$532 $380
2020
2021
DAYS ON MARKET IN THIRD QUARTER
62
11
7
31
2020
2021
2022
2023
Q3 Market Update
// Avon // Primarily a commercial community, Avon is located at the base of Beaver Creek, Colorado. Pockets of single family homes and condominiums are located along the banks of the Eagle River as well as surrounding Nottingham Lake. A new gondola has added great skier access between Avon and Beaver Creek.
AVON
NUMBER OF CLOSINGS IN THIRD QUARTER 53
43
20
25
2020
2021
2022
2023
AVERAGE SALES PRICE IN THIRD QUARTER 651,969
2020 2021
820,525
2022
1,006,550
2023
1,484,580
AVERAGE PRICE PER SQUARE FOOT IN THIRD QUARTER
$937
$1076
$743 $516
2020
2021
2022
2023
DAYS ON MARKET IN THIRD QUARTER
98
37
13
69
2020
2021
2022
2023
Q3 Market Update
// Mountain Star // Luxury, gated community, consisting of large, private home sites with unsurpassed views of Beaver Creek. Aspen trees and wildlife along with beautiful private hiking trails create a sense of privacy for these custom built homes.
MOUNTAIN STAR
NUMBER OF CLOSINGS IN THIRD QUARTER 4
2
1
1
2020
2021
2022
2023
AVERAGE SALES PRICE IN THIRD QUARTER 2020
6,010,000
2021
7,225,000
2022
10,500,000
2023
11,700,000
AVERAGE PRICE PER SQUARE FOOT IN THIRD QUARTER $1941 $1405 $762
2020
$897
2021
2022
2023
DAYS ON MARKET IN THIRD QUARTER
230
140
66
361
2020
2021
2022
2023
Q3 Market Update
// Wildridge // Incomparable views of Beaver Creek, Bachelor Gulch and Arrowhead as well as a large part of the western Valley. Wildridge is quintessential Colorado and only minutes from town and skiing. Perfect for families, locals and second homeowners alike.
WILDRIDGE
NUMBER OF CLOSINGS IN THIRD QUARTER 18
14
9
3
2020
2021
2022
2023
AVERAGE SALES PRICE IN THIRD QUARTER 2020
1,143,712
2021
1,054,614
2022
1,860,111
2023
1,750,000
AVERAGE PRICE PER SQUARE FOOT IN THIRD QUARTER $622 $380
$478
$595
2020
2021
2022
2023
DAYS ON MARKET IN THIRD QUARTER
88
17
35
34
2020
2021
2022
2023
Q3 Market Update
// Beaver Creek // Stunning mountain views, world-class amenities and a European charm contribute to Beaver Creek’s renowned reputation. Built as a five-star alternative to the growing popularity of Vail, Beaver Creek attracts visitors from all over the world. Distinctive boutiques, art galleries and restaurants create an unparalleled base area experience, all year long.
BEAVER CREEK
NUMBER OF CLOSINGS IN THIRD QUARTER 31
29
11
18
2020
2021
2022
2023
AVERAGE SALES PRICE IN THIRD QUARTER 2,560,322
2020
2,921,376
2021 2022
2,709,727
2023
3,447,444
AVERAGE PRICE PER SQUARE FOOT IN THIRD QUARTER
$1423 $895
2020
$1559
$1033
2021
2022
2023
DAYS ON MARKET IN THIRD QUARTER
198
68
85
57
2020
2021
2022
2023
Q3 Market Update
// Bachelor Gulch // Vail Valley’s most exclusive ski-in ski-out community. Bachelor Gulch is anchored by the Ritz Carlton® hotel and private club complex, which offers residents and club members five-star spa facilities and an on-demand transportation system allowing for easy access to Beaver Creek’s fabulous shops and restaurants.
BACHELOR GULCH
NUMBER OF CLOSINGS IN THIRD QUARTER 23
13
2
6
2020
2021
2022
2023
AVERAGE SALES PRICE IN THIRD QUARTER 2020
3,916,934
2021
3,717,038
2022
8,375,000
2023
6,309,166
AVERAGE PRICE PER SQUARE FOOT IN THIRD QUARTER $1665 $1288
$1255
2021
2022
$1008
2020
2023
DAYS ON MARKET IN THIRD QUARTER
152
153
59
16
2020
2021
2022
2023
Q3 Market Update
// Arrowhead // Featuring a Jack Nicklaus golf course, which winds along the banks of the Eagle River. Large homes are seen throughout rolling meadows that evoke a feeling of the Irish countryside. The golf course clubhouse and ski area are conveniently located adjacent to one another.
ARROWHEAD
NUMBER OF CLOSINGS IN THIRD QUARTER 36
9
7
14
2020
2021
2022
2023
AVERAGE SALES PRICE IN THIRD QUARTER 2020
2,467,994
2021
1,852,777
2022
3,641,285
2023
3,767,857
AVERAGE PRICE PER SQUARE FOOT IN THIRD QUARTER
$930
$995
$1149
$628
2020
2021
2022
2023
DAYS ON MARKET IN THIRD QUARTER
183
22
10
28
2020
2021
2022
2023
Q3 Market Update
// Singletree // The Sonnenalp Hotel owns and operates a private golf and country club in the Singletree neighborhood. Beautiful pools, clay tennis courts, Tom Weiskopf design golf course, state of the art workout facility, bar and restaurant offer residents the opportunity to enjoy a luxury facility right in their backyard.
SINGLETREE
NUMBER OF CLOSINGS IN THIRD QUARTER 27
13
18
17
2020
2021
2022
2023
AVERAGE SALES PRICE IN THIRD QUARTER 2020
1,357,642 1,832,173
2021 2022
2,163,888
2023
2,190,830
AVERAGE PRICE PER SQUARE FOOT IN THIRD QUARTER $768 $601
$599
2021
2022
$415
2020
2023
DAYS ON MARKET IN THIRD QUARTER
90
9
23
28
2020
2021
2022
2023
Q3 Market Update
// Edwards and Riverwalk // The star of the western Vail Valley. A movie theater, restaurants, clothing stores, banks, a grocery store and a post office give the Western town a modern atmosphere and make it the true heart of the Valley.
EDWARDS AND RIVERWALK
NUMBER OF CLOSINGS IN THIRD QUARTER 19
17
18
9
2020
2021
2022
2023
AVERAGE SALES PRICE IN THIRD QUARTER 2020
552,157
1,028,823
2021 2022
892,941
2023
1,167,833
AVERAGE PRICE PER SQUARE FOOT IN THIRD QUARTER $676
$692
2021
2022
$762
$429
2020
2023
DAYS ON MARKET IN THIRD QUARTER
21
13
13
22
2020
2021
2022
2023
Q3 Market Update
// Homestead // Composed of 760 acres in three filings of single-family homes, townhomes and multi-family housing. It has approximately 800 residences and over 400 acres of open space within its planned unit development, and at the center of it all is the Homestead Court Club. Homestead is at the center of all the wonderful activities the Valley has to offer.
HOMESTEAD
NUMBER OF CLOSINGS IN THIRD QUARTER 15
18
12
6
2020
2021
2022
2023
AVERAGE SALES PRICE IN THIRD QUARTER 2020
1,061,300 1,155,333
2021 2022
1,118,775
2023
1,345,667
AVERAGE PRICE PER SQUARE FOOT IN THIRD QUARTER
$575 $367
2020
$606
$447
2021
2022
2023
DAYS ON MARKET IN THIRD QUARTER
68
16
24
10
2020
2021
2022
2023
Q3 Market Update
// Lake Creek // Lake Creek is only minutes from the fine restaurants and shops of Edwards yet offers residents the space to be completely secluded. Favored by horse enthusiasts and lovers of nature, Lake Creek’s ranch sized home sites leave residents to their own initiatives.
LAKE CREEK
NUMBER OF CLOSINGS IN THIRD QUARTER 4
3
2
NA
2020
2021
2022
2023
AVERAGE SALES PRICE IN THIRD QUARTER 2020
2,043,750
2021
2,245,333
2022
6,375,000
2023
NA
AVERAGE PRICE PER SQUARE FOOT IN THIRD QUARTER $662
$583
NA
2022
2023
$433
2020
2021
DAYS ON MARKET IN THIRD QUARTER
228
9
241
NA
2020
2021
2022
2023
Q3 Market Update
// Summit, Divide & Ranch // Cordillera is Vail’s original mountain golf community featuring courses designed by Jack Nicklaus, Tom Fazio, Hale Irwin, and Dave Pelz. Cordillera is a coveted and very private neighborhood; large home sites and security gates allow residents to enjoy a peaceful mountain experience.
CORDILLERA
NUMBER OF CLOSINGS IN THIRD QUARTER 35
14
9
10
2020
2021
2022
2023
AVERAGE SALES PRICE IN THIRD QUARTER 2020
1,920,654 2,978,821
2021 2022
3,536,111
2023
3,658,500
AVERAGE PRICE PER SQUARE FOOT IN THIRD QUARTER $730
$709
$548 $342
2020
2021
2022
2023
DAYS ON MARKET IN THIRD QUARTER
259
32
50
108
2020
2021
2022
2023
Q3 Market Update
// Cordillera Valley Club // Cordillera is Vail’s original mountain golf community featuring courses designed by Jack Nicklaus, Tom Fazio, Hale Irwin, and Dave Pelz. Cordillera is a coveted and very private neighborhood; large home sites and security gates allow residents to enjoy a peacful mountain experience.
CORDILLERA VALLEY CLUB
NUMBER OF CLOSINGS IN THIRD QUARTER 6
13
2
3
2020
2021
2022
2023
AVERAGE SALES PRICE IN THIRD QUARTER 3,072,984
2020
3,659,260
2021 2022
5,575,000
2023
6,528,333
AVERAGE PRICE PER SQUARE FOOT IN THIRD QUARTER
$918
$1074
$1255
$568
2020
2021
2022
2023
DAYS ON MARKET IN THIRD QUARTER
90
90
32
33
2020
2021
2022
2023
Q3 Market Update
// Bellyache/Wolcott // Situated on top of Bellyache Mountain, this high alpine development has some of the most magnificent views of the mountains and valley. Many of the homes are log, however, there are a few contemporary, and even a Tuscan design all situated on private parcels between 1.5 Acres and 35 Acres.
BELLYACHE/WOLCOTT
NUMBER OF CLOSINGS IN THIRD QUARTER 8
5
1
NA
2020
2021
2022
2023
AVERAGE SALES PRICE IN THIRD QUARTER 1,646,000
2020
4,030,000
2021 2022
1,925,000
2023
NA
AVERAGE PRICE PER SQUARE FOOT IN THIRD QUARTER
$582
$608
2021
2022
NA
$350
2020
2023
DAYS ON MARKET IN THIRD QUARTER
254
78
2
NA
2020
2021
2022
2023
Q3 Market Update
// Eagle // Where the locals live and play! Eagle is about 30 minutes from both Vail and Beaver Creek Resorts and, as such, is THE place for locals. With a range of homes built in 1915 to present day. With wonderful little restaurants and shops and a lower elevation than Vail, Eagle is a little known paradise.
EAGLE
NUMBER OF CLOSINGS IN THIRD QUARTER 41
26
31
18
2020
2021
2022
2023
AVERAGE SALES PRICE IN THIRD QUARTER 2020
657,810
2021
712,239
2022
1,009,228
2023
1,033,865
AVERAGE PRICE PER SQUARE FOOT IN THIRD QUARTER
$307
2020
$353
2021
$408
2022
$470
2023
DAYS ON MARKET IN THIRD QUARTER
79
7
26
25
2020
2021
2022
2023
Q3 Market Update
// Eagle Ranch // Located 30 minutes west of Vail, Eagle Ranch is a planned community built for permanent residents. Lower elevation and warmer weather along with well priced single family homes of Eagle Ranch attract people of all ages.
EAGLE RANCH
NUMBER OF CLOSINGS IN THIRD QUARTER 25
19
19
20
2020
2021
2022
2023
AVERAGE SALES PRICE IN THIRD QUARTER
785,792
2020
1,188,473
2021 2022
1,580,347
2023
1,472,856
AVERAGE PRICE PER SQUARE FOOT IN THIRD QUARTER $456
$273
2020
$385
2021
$474
2022
2023
DAYS ON MARKET IN THIRD QUARTER
62
24
32
66
2020
2021
2022
2023
Q3 Market Update
// Gypsum // Just west of Eagle and is connected by the Eagle River. With skiing just up the road (I-70) and the Eagle and Colorado Rivers only minutes away Gypsum is home to a wide variety of recreational outlets.
GYPSUM
NUMBER OF CLOSINGS IN THIRD QUARTER 51
37
31
16
2020
2021
2022
2023
AVERAGE SALES PRICE IN THIRD QUARTER 2020
475,327
2021
509,804
2022
712,648
2023
693,125
AVERAGE PRICE PER SQUARE FOOT IN THIRD QUARTER $448 $337
$377
$248
2020
2021
2022
2023
DAYS ON MARKET IN THIRD QUARTER
49
28
24
17
2020
2021
2022
2023
LUXURY
REAL ESTATE SINCE 1977
All reports are published October 2023 based on data available at the end of September 2023, except for the today stats. Information and statistics derived from the Multiple Listing Service. Neither the Board or its MLS guarantees or is in any way responsible for its accuracy. Data maintained by the Board or its MLS may not reflect all real estate activity in the market. Report reflects activity by all brokers participated in the MLS.