EV Real Estate Vail Valley Market Report | Down-Valley Q2, 2023

2023 DOWN- VALLEY

MARKET REPORT

QUARTER TWO

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.

Q2 Market Update

MINTURN

// Minturn // Minturn o ers 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.

Q2 Market Update

EAGLE VAIL

NUMBER OF CLOSINGS IN SECOND QUARTER

2020 2021 2022 2023

2021 2022 2023

DAYS O N MARKET IN SECOND QUARTER

2021 2022 2023

// 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.

Q2 Market Update

MOUNTAIN STAR

// 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.

Q2 Market Update

WILDRIDGE

// 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.

NUMBER OF CLOSINGS IN SECOND QUARTER

AVERAGE PRICE PER SQUARE FOOT IN SECOND QUARTER

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Q2 Market Update

BEAVER CREEK

// 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.

NUMBER OF CLOSINGS IN SECOND QUARTER 2020

32 31 29 17

AVERAGE SALE PRICE IN SECOND QUARTER

4,661,897

AVERAGE PRICE PER SQUARE FOOT IN SECOND QUARTER

Q2 Market Update

BACHELOR GULCH

// 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 o ers 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.

NUMBER OF CLOSINGS IN SECOND QUARTER

AVERAGE PRICE PER SQUARE FOOT IN SECOND QUARTER

Q2 Market Update

ARROWHEAD

// 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.

NUMBER OF CLOSINGS IN SECOND QUARTER

16 36 9 11

2020 2021 2022 2023

AVERAGE SALE PRICE IN SECOND QUARTER

AVERAGE PRICE PER SQUARE FOOT IN SECOND QUARTER

$1198 $930 $628 $628

2020 2021 2022 2023

DAYS O N MARKET IN SECOND QUARTER

149 22 183 95

2020 2021 2022 2023

Q2 Market Update

SINGLETREE

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 o er residents the opportunity to enjoy a luxury facility right in their backyard.

NUMBER OF CLOSINGS IN SECOND QUARTER

AVERAGE PRICE PER SQUARE FOOT IN SECOND QUARTER

Q2 Market Update

EDWARDS AND RIVERWALK

NUMBER

CLOSINGS IN SECOND QUARTER

AVERAGE PRICE PER SQUARE FOOT IN SECOND QUARTER

Q2 Market Update

HOMESTEAD

// 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 o er.

NUMBER OF CLOSINGS IN SECOND QUARTER

1,121,000

AVERAGE PRICE PER SQUARE FOOT IN SECOND QUARTER

DAYS O N MARKET IN SECOND QUARTER

AVERAGE SALE PRICE IN SECOND QUARTER 2020

Q2 Market Update

LAKE CREEK

// Lake Creek // Lake Creek is only minutes from the fine restaurants and shops of Edwards yet o ers 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.

AVERAGE PRICE PER SQUARE FOOT IN SECOND QUARTER

CORDILLERA

// 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.

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Q2 Market Update

CORDILLERA VALLEY CLUB

// 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.

NUMBER OF CLOSINGS IN SECOND QUARTER

AVERAGE PRICE PER SQUARE FOOT IN SECOND QUARTER

DAYS O N MARKET IN SECOND QUARTER

BELLYACHE/WOLCOTT

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// 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.

Q2 Market Update

EAGLE

// 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.

NUMBER OF CLOSINGS IN SECOND

AVERAGE SALE PRICE IN SECOND QUARTER

AVERAGE PRICE PER SQUARE FOOT IN SECOND QUARTER

Q2 Market Update

EAGLE RANCH

// 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.

NUMBER OF CLOSINGS IN SECOND QUARTER

25 19 14

AVERAGE SALE PRICE IN SECOND

AVERAGE PRICE PER SQUARE FOOT IN SECOND QUARTER

GYPSUM Q2 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.