2023 DOWN - VALLEY
MARKET REPORT QUARTER FOUR
QUARTER FOUR
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.
Q4 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 FOURTH QUARTER 6
2
3
2
2020
2021
2022
2023
AVERAGE SALES PRICE IN FOURTH QUARTER 986,916
2020 2021
1,517,000
2022
1,561,833
2023
1,175,000
AVERAGE PRICE PER SQUARE FOOT IN FOURTH QUARTER $735
$711
2022
2023
$614 $457
2020
2021
DAYS ON MARKET IN FOURTH QUARTER
111
4
64
101
2020
2021
2022
2023
Q4 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 FOURTH QUARTER 36
17
15
12
2020
2021
2022
2023
AVERAGE SALES PRICE IN FOURTH QUARTER 754,592
2020 2021
1,216,411
2022
1,200,000
2023
1,414,791
AVERAGE PRICE PER SQUARE FOOT IN FOURTH QUARTER $660
$687
2022
2023
$565 $399
2020
2021
DAYS ON MARKET IN FOURTH QUARTER
69
20
40
40
2020
2021
2022
2023
Q4 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 FOURTH QUARTER 88
49
26
49
2020
2021
2022
2023
AVERAGE SALES PRICE IN FOURTH QUARTER 2020
1,102,096
2021
1,199,668
2022
1,336,295
2023
2,382,272
AVERAGE PRICE PER SQUARE FOOT IN FOURTH QUARTER $1180 $986 $773
$807
2020
2021
2022
2023
DAYS ON MARKET IN FOURTH QUARTER
92
38
78
164
2020
2021
2022
2023
Q4 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 FOURTH QUARTER NA
5
2
NA
2020
2021
2022
2023
AVERAGE SALES PRICE IN FOURTH QUARTER 2020
NA 8,005,000
2021 2022
6,900,000
2023
NA
AVERAGE PRICE PER SQUARE FOOT IN FOURTH QUARTER $923
$942
NA
2020
NA
2021
2022
2023
DAYS ON MARKET IN FOURTH QUARTER
NA
509
119
NA
2020
2021
2022
2023
Q4 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 FOURTH QUARTER 15
13
5
5
2020
2021
2022
2023
AVERAGE SALES PRICE IN FOURTH QUARTER 2020
1,209,776
2021
1,263,692
2022
1,382,930
2023
1,835,000
AVERAGE PRICE PER SQUARE FOOT IN FOURTH QUARTER $639 $474 $339
2020
$371
2021
2022
2023
DAYS ON MARKET IN FOURTH QUARTER
132
18
42
83
2020
2021
2022
2023
Q4 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 FOURTH QUARTER 50
32
24
15
2020
2021
2022
2023
AVERAGE SALES PRICE IN FOURTH QUARTER 2020
1,814,390
2021
2,877,707
2022
3,850,828
2023
2,769,100
AVERAGE PRICE PER SQUARE FOOT IN FOURTH QUARTER $1512 $787
2020
$1069
2021
$1244
2022
2023
DAYS ON MARKET IN FOURTH QUARTER
229
61
102
56
2020
2021
2022
2023
Q4 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 FOURTH QUARTER 21
18
7
3
2020
2021
2022
2023
AVERAGE SALES PRICE IN FOURTH QUARTER 3,643,547
2020
6,281,055
2021 2022
4,206,285
2023
6,713,094
AVERAGE PRICE PER SQUARE FOOT IN FOURTH QUARTER $1660
$1565
2022
2023
$1288 $1003
2020
2021
DAYS ON MARKET IN FOURTH QUARTER
129
112
19
21
2020
2021
2022
2023
Q4 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 FOURTH QUARTER 36
27
10
15
2020
2021
2022
2023
AVERAGE SALES PRICE IN FOURTH QUARTER 2020
2,438,083
2021
2,836,851
2022
4,459,500
2023
3,338,810
AVERAGE PRICE PER SQUARE FOOT IN FOURTH QUARTER $1181
$1230
2022
2023
$950 $751
2020
2021
DAYS ON MARKET IN FOURTH QUARTER
135
25
38
35
2020
2021
2022
2023
Q4 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 FOURTH QUARTER 28
14
4
13
2020
2021
2022
2023
AVERAGE SALES PRICE IN FOURTH QUARTER 2020
1,512,928 1,337,696
2021 2022
2,030,000
2023
1,901,538
AVERAGE PRICE PER SQUARE FOOT IN FOURTH QUARTER $557
$635
$682
$441
2020
2021
2022
2023
DAYS ON MARKET IN FOURTH QUARTER
144
18
116
64
2020
2021
2022
2023
Q4 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 FOURTH QUARTER 22
12
6
8
2020
2021
2022
2023
AVERAGE SALES PRICE IN FOURTH QUARTER 2020
679,413
2021
973,458
2022
1,270,490
2023
1,611,562
AVERAGE PRICE PER SQUARE FOOT IN FOURTH QUARTER
$589
$686
$725
$399
2020
2021
2022
2023
DAYS ON MARKET IN FOURTH QUARTER
81
32
93
77
2020
2021
2022
2023
Q4 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 FOURTH QUARTER 17
13
6
3
2020
2021
2022
2023
AVERAGE SALES PRICE IN FOURTH QUARTER 2020
931,191 1,224,153
2021 2022
1,458,333
2023
1,700,000
AVERAGE PRICE PER SQUARE FOOT IN FOURTH QUARTER $581 $384
2020
$633
$474
2021
2022
2023
DAYS ON MARKET IN FOURTH QUARTER
20
21
13
26
2020
2021
2022
2023
Q4 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 FOURTH QUARTER 5
3
5
2
2020
2021
2022
2023
AVERAGE SALES PRICE IN FOURTH QUARTER 2020
3,489,000
2021
4,989,333
2022
12,180,000
2023
$2,800,000
AVERAGE PRICE PER SQUARE FOOT IN FOURTH QUARTER $2000
$610
$662
2020
2021
$812
2022
2023
DAYS ON MARKET IN FOURTH QUARTER
97
109
136
200
2020
2021
2022
2023
Q4 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 FOURTH QUARTER 25
12
8
9
2020
2021
2022
2023
AVERAGE SALES PRICE IN FOURTH QUARTER 2020
2,296,600 3,668,073
2021 2022
3,375,525
2023
3,225,555
AVERAGE PRICE PER SQUARE FOOT IN FOURTH QUARTER $687 $564
$630
$386
2020
2021
2022
2023
DAYS ON MARKET IN FOURTH QUARTER
141
30
76
98
2020
2021
2022
2023
Q4 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 FOURTH QUARTER 5
NA
1
1
2020
2021
2022
2023
AVERAGE SALES PRICE IN FOURTH QUARTER 3,462,800
2020 2021
NA
2022
6,608,000
2023
6,880,000
AVERAGE PRICE PER SQUARE FOOT IN FOURTH QUARTER
NA
$1072
2021
2022
$1250
$621
2020
2023
DAYS ON MARKET IN FOURTH QUARTER
98
NA
145
1
2020
2021
2022
2023
Q4 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 FOURTH QUARTER 7
1
2
3
2020
2021
2022
2023
AVERAGE SALES PRICE IN FOURTH QUARTER 2020
3,420,357
1,365,000
2021 2022
2,412,500
2023
2,561,667
AVERAGE PRICE PER SQUARE FOOT IN FOURTH QUARTER $649 $510
$577
$380
2020
2021
2022
2023
DAYS ON MARKET IN FOURTH QUARTER
190
NA
45
203
2020
2021
2022
2023
Q4 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 FOURTH QUARTER 43
24
15
12
2020
2021
2022
2023
AVERAGE SALES PRICE IN FOURTH QUARTER 2020
621,885
2021
838,923
2022
827,616
2023
870,125
AVERAGE PRICE PER SQUARE FOOT IN FOURTH QUARTER $442 $311
2020
$337
2021
$382
2022
2023
DAYS ON MARKET IN FOURTH QUARTER
66
21
49
34
2020
2021
2022
2023
Q4 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 FOURTH QUARTER 31
15
8
3
2020
2021
2022
2023
AVERAGE SALES PRICE IN FOURTH QUARTER
993,983
2020
1,393,920
2021 2022
1,569,687
2023
1,621,667
AVERAGE PRICE PER SQUARE FOOT IN FOURTH QUARTER $498
$532
$369 $294
2020
2021
2022
2023
DAYS ON MARKET IN FOURTH QUARTER
25
30
66
40
2020
2021
2022
2023
Q4 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 FOURTH QUARTER 41
25
22
19
2020
2021
2022
2023
AVERAGE SALES PRICE IN FOURTH QUARTER 2020
484,850
2021
547,100
2022
686,794
2023
659,365
AVERAGE PRICE PER SQUARE FOOT IN FOURTH QUARTER
$283
2020
$325
2021
$359
2022
$413
2023
DAYS ON MARKET IN FOURTH QUARTER
58
16
34
21
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.