MICROMARKET REPORT |
Vail Valley • Q3 2019
VAIL VALLEY NEIGHBORHOODS 1.
East Vail
2.
Vail Golf Course & Spraddle Creek
3.
Vail Village
4. Lionshead 5.
West Vail & Cascade
6. Minturn 7. Eagle-Vail
19
8. Avon 17 18
14 15
16
12 13
10 5
8 11 9
7
6
4
3
2
1
9.
Beaver Creek
10.
Mountain Star
11.
Bachelor Gulch
12. Wildridge/Wildwood 13. Arrowhead 14.
Edwards - Singletree
15.
Edwards & Homestead
16.
Edwards - Lake Creek Valley
17.
Cordillera Valley Club
18. Cordillera 19.
Eagle, Eagle Ranch, Brush Creek & Gypsum
Pictured on cover: 175 Elk Bugle, Wolcott
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VAIL VALLEY market update Vail Valley is known for its world-class ski resort, gorgeous landscapes and luxury amenities. Nestled in Eagle County along with other communities such as Beaver Creek, Edwards and Arrowhead to name a few, this area exudes the mountain lifestyle. LIV Sotheby’s International Realty produces a Micro Market Report focusing on the real estate performance for Eagle County, which makes up the Vail Valley, for January through September of 2019 compared to January through September of 2018. Eagle County as a whole showed an increase in both sold properties (+2%) and total sales volume (+2.1%). Communities within Eagle County excelled in different areas as well. Bachelor Gulch, a small neighborhood just outside of the Beaver Creek Resort, saw the largest increase in average property price out of all of Eagle County. For the time period between January and September of this year, the average price for homes in this area was approximately $2,783,889, compared to $2,099,000 in the same time frame of 2018.
EAGLE COUNTY January through September
2018
% Change
2019
Sold Listings (All Properties)
997
1017
2.0%
Sold Single Family
368
345
-6.3%
Sold Condos/TH/DP
629
672
6.8%
112
124
10.2%
$1,235,038
$1,235,762
0.1%
94%
95%
0.3%
$1,231,332,557
$1,256,770,196
2.1%
Average Days on Market Average Price % Sold Price to List Price Total Dollar Volume Sold
All Properties
Buyers in the Town of Vail and Mountain Star are acting fast on homes they have their eye on. Days on market for properties in both areas have dropped, with the Town of Vail and Mountain Star averages decreasing by 5.8% and 16.9% respectively. This highly coveted community continues to be a hot spot for those interested in the mountain lifestyle with a luxurious twist.
resorts.livsothebysrealty.com
Based on Information from Vail Board of Realtors®. This representation is based in whole or in part on data supplied by Vail Board of Realtors®. Vail Board of Realtors® does not guarantee nor is in any way responsible for its accuracy. Data maintained by Vail Board of Realtors® may not reflect all real estate activity in the market.
MICROMARKET REPORT | Vail Valley 2019 • COLORADOMICROREPORTS.COM
ARROWHEAD January through September
2018
Average Price
$1,636,532
$1,930,024
17.9%
$590
$617
4.7%
104
235
125.5%
$4,150,000
$9,300,000
124.1%
28
42
50.0%
96%
95%
-1.1%
Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
% Change
2019
All Properties 144 Castle Peak Gate, Arrowhead
ARROWHEAD January through September
2018
Average Price
$2,893,571
$3,736,458
29.1%
$539
$670
24.3%
144
402
179.5%
$4,150,000
$9,300,000
124.1%
7
12
71.4%
95%
95%
0.0%
Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
% Change
2019
Single Family Homes
29.1%
The average price of single family homes in Arrowhead increased by 29.1% from January through September 2019 compared to that of 2018.
ARROWHEAD January through September
2018
2019
Average Price
$1,217,519
$1,207,450
-0.8%
$607
$596
-1.7%
91
168
84.8%
$2,500,000
$1,900,000
-24.0%
21
30
42.9%
96%
95%
-1.5%
Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
% Change
Arrowhead, the western-most village of Beaver Creek, offers skiers quick access to beginner and intermediate terrain on Beaver Creek Mountain.
Condos, Townhomes, Duplexes and Triplexes
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32.6%
The average price in Bachelor Gulch increased by 32.6% from January through September 2019 compared to that of 2018.
BACHELOR GULCH January through September
Average Price
2018 $2,099,000
$2,783,889
32.6%
$869
$904
4.1%
190
205
7.9%
$5,250,000
$10,200,000
94.3%
11
18
63.6%
93%
96%
3.9%
Average Price per Square Foot Average Days on Market Highest Price
% Change
2019
Properties Sold % Sold Price to List Price All Properties
BACHELOR GULCH January through September
Average Price
2018 $2,200,000
$7,565,000
243.9%
$608
$955
57.2%
389
148
-62.0%
$2,200,000
$10,200,000
363.6%
1
3
200.0%
77%
99%
27.9%
Average Price per Square Foot Average Days on Market Highest Price
% Change
2019
Properties Sold % Sold Price to List Price Single Family Homes Timbers Bachelor Gulch, Bachelor Gulch
BACHELOR GULCH January through September
Charmingly tucked away between Beaver Creek and Arrowhead, Bachelor Gulch offers private mountainside living and access to a five-star luxury resort-hotel, The Ritz-Carlton, Bachelor Gulch.
Average Price
2018 $2,088,900
$1,827,667
-12.5%
$895
$894
-0.1%
170
216
27.2%
$5,250,000
$3,250,000
-38.1%
10
15
50.0%
94%
94%
-0.3%
Average Price per Square Foot Average Days on Market Highest Price
% Change
2019
Properties Sold % Sold Price to List Price Condos, Townhomes, Duplexes and Triplexes
MICROMARKET REPORT | Vail Valley resorts.livsothebysrealty.com
2019 • COLORADOMICROREPORTS.COM
BEAVER CREEK January through September
2018
Average Price
$2,383,119
$1,628,046
-31.7%
$766
$738
-3.6%
218
215
-1.4%
$13,500,000
$6,950,000
-48.5%
87
85
-2.3%
94%
93%
-0.1%
Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
% Change
2019
All Properties 120 Holden Road, Beaver Creek
BEAVER CREEK January through September
Average Price
2018 $5,825,933
$3,132,111
-46.2%
$740
$629
-15.0%
345
336
-2.7%
$13,500,000
$6,950,000
-48.5%
15
9
-40.0%
92%
92%
0.5%
Average Price per Square Foot Average Days on Market Highest Price
% Change
2019
Properties Sold % Sold Price to List Price
2.7%
The average days on market for single family homes sold in Beaver Creek decreased by 2.7% from January through September 2019 compared to that of 2018.
Single Family Homes
BEAVER CREEK January through September
Average Price
2018 $1,665,866
$1,449,933
-13.0%
$771
$751
-2.6%
191
200
4.8%
$7,500,000
$6,316,666
-15.8%
72
76
5.6%
95%
94%
-1.5%
Average Price per Square Foot Average Days on Market Highest Price
% Change
2019
Properties Sold % Sold Price to List Price Condos, Townhomes, Duplexes and Triplexes
3483 Daybreak Ridge Road, Beaver Creek
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CORDILLERA/VALLEY CLUB The Club at Cordillera offers its members an unparalleled lifestyle experience, with access to world-class golfing, exquisite dining, and lively events.
January through September
2018
2019
Average Price
$1,765,983
$2,140,141
21.2%
$355
$404
13.8%
228
224
-1.5%
$3,475,000
$4,700,000
35.3%
30
43
43.3%
94%
93%
-0.7%
Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
% Change
All Properties
CORDILLERA January through September
2018
2019
Average Price
$1,664,180
$1,825,678
9.7%
$340
$351
3.4%
223
264
18.3%
$3,475,000
$4,700,000
35.3%
25
29
16.0%
94%
92%
-2.3%
Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
% Change
All Properties 525 Forest Trail, Cordillera
22.7%
The average price in Cordillera Valley Club increased by 22.7% for January through September 2019 compared to that of 2018.
CORDILLERA VALLEY CLUB January through September
Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2018
% Change
2019
$2,275,000
$2,791,530
22.7%
$430
$513
19.2%
251
143
-43.3%
$3,000,000
$4,650,000
55.0%
5
14
180.0%
93%
95%
2.2%
All Properties
MICROMARKET REPORT | Vail Valley resorts.livsothebysrealty.com
2019 • COLORADOMICROREPORTS.COM
EDWARDS & HOMESTEAD January through September
Average Price
2018 $632,683
$729,131
15.2%
$351
$366
4.4%
63
80
27.7%
$1,895,000
$3,700,000
95.3%
73
78
6.8%
97%
98%
1.6%
Average Price per Square Foot Average Days on Market Highest Price
% Change
2019
Properties Sold % Sold Price to List Price All Properties
25 Casteel Creek, Edwards
EDWARDS - LAKE CREEK VALLEY January through September
Average Price
2018 $1,200,000
$2,558,000
113.2%
$275
$454
64.9%
137
151
10.1%
$1,200,000
$4,850,000
304.2%
1
10
900.0%
90%
93%
4.1%
Average Price per Square Foot Average Days on Market Highest Price
% Change
2019
Properties Sold % Sold Price to List Price All Properties
113.2%
January through September 2019 the average price in Edwards - Lake Creek Valley increased by 113.2% compared to that of 2018.
EDWARDS - SINGLETREE January through September
Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2018
% Change
2019
$1,068,508
$1,165,040
9.0%
$383
$377
-1.5%
99
105
6.5%
$2,050,000
$2,175,000
6.1%
40
40
0.0%
95%
96%
1.0%
Positioned almost at the center of the Eagle River Valley, Edwards benefits from geography that lends well to rolling green golf courses – and receives less snow than the high peaks of the nearby ski mountains for a much more mild and sunny climate.
All Properties
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TOWN OF VAIL January through September
Vail sits at an elevation of 8,150 feet, receives over 335 inches of annual snowfall, and is home to one of the leading ski resorts in North America, Vail Ski Resort.
Average Price
2018 $2,323,497
$2,148,280
-7.5%
$962
$915
-4.9%
158
149
-5.8%
$23,000,000
$20,750,000
-9.8%
219
211
-3.7%
93%
93%
0.1%
Average Price per Square Foot Average Days on Market Highest Price
% Change
2019
Properties Sold % Sold Price to List Price All Properties
EAST VAIL January through September
2018
Average Price
$1,093,787
$962,843
-12.0%
$585
$615
5.1%
67
61
-7.7%
$4,420,000
$3,950,000
-10.6%
60
47
-21.7%
94%
96%
2.5%
Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
% Change
2019
All Properties 714 Lionshead Place, Lionshead Village
8.5%
January through September 2019 the average price in West Vail and Cascade increased by 8.5% compared to that of 2018.
WEST VAIL & CASCADE January through September
2018
2019
Average Price
$1,452,755
$1,576,789
8.5%
$552
$614
11.1%
112
124
10.7%
$3,950,000
$5,151,000
30.4%
40
42
5.0%
95%
95%
-0.5%
Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
% Change
All Properties
MICROMARKET REPORT | Vail Valley resorts.livsothebysrealty.com
2019 • COLORADOMICROREPORTS.COM
VAIL VILLAGE January through September
2018
Average Price
$4,311,625
$3,953,150
-8.3%
$1,736
$1,698
-2.2%
326
358
9.9%
$23,000,000
$19,000,000
-17.4%
38
30
-21.1%
93%
94%
1.4%
Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
% Change
2019
All Properties 454 Beaver Dam Road, Vail
LIONSHEAD January through September
2018
Average Price
$2,924,512
$2,233,852
-23.6%
$1,402
$1,405
0.2%
225
142
-36.7%
$10,500,000
$8,500,000
-19.0%
42
25
-40.5%
94%
96%
2.4%
Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
% Change
2019
36.7%
The average days on market in Lionshead decreased by 36.7% January through September 2019 compared to that of 2018.
All Properties
VAIL GOLF COURSE/SPRADDLE CREEK January through September
Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2018
% Change
2019
$6,607,083
$5,992,015
-9.3%
$1,165
$1,254
7.6%
278
153
-45.0%
$18,500,000
$20,750,000
12.2%
9
19
111.1%
88%
89%
1.8%
One of Vail’s most prestigious gated communities, Spraddle Creek Estates offers unparalleled views of Vail Mountain and is bordered by National Forest.
All Properties
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ALL OTHER VAIL AREAS January through September
2018
Average Price
$1,378,886
$1,220,523
-11.5%
$597
$588
-1.4%
53
136
158.7%
$5,332,500
$5,000,000
-6.2%
35
53
51.4%
95%
94%
-0.3%
Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
% Change
2019
Booth Creek, Highland Meadows, Potato Patch, Sandstone Ridge, Valley Ridge at Vail 175 Elk Bugle, Wolcott
EAGLE-VAIL, AVON, & WILDRIDGE
11.2%
January through September
Average Price
2018 $650,214
$723,358
11.2%
$425
$440
3.6%
74
90
22.2%
$2,195,000
$2,900,000
32.1%
176
166
-5.7%
97%
97%
-0.2%
Average Price per Square Foot Average Days on Market Highest Price
January through September 2019, the average price in Eagle-Vail, Avon, and Wildridge increased by 11.2% compared to that of 2018.
% Change
2019
Properties Sold % Sold Price to List Price All Properties
EAGLE & SURROUNDING AREAS January through September
Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2018
% Change
2019
$537,272
$539,332
0.4%
$241
$265
9.8%
73
80
10.5%
$2,400,000
$3,999,000
66.6%
239
233
-2.5%
98%
99%
0.8%
Eagle, Eagle Ranch, Brush Creek, Gypsum, & Cotton Ranch/Chatfield 74 Lasso Drive, Gypsum
MICROMARKET REPORT | Vail Valley resorts.livsothebysrealty.com
2019 • COLORADOMICROREPORTS.COM
MINTURN January through September
Average Price
2018 $659,846
$848,427
28.6%
$354
$449
26.9%
117
119
2.2%
$912,500
$1,400,000
53.4%
12
11
-8.3%
97%
94%
-2.9%
Average Price per Square Foot Average Days on Market Highest Price
% Change
2019
Properties Sold % Sold Price to List Price All Properties
294 Shooting Star, Mountain Star
MOUNTAIN STAR January through September
Average Price
2018 $5,425,000
$3,045,000
-43.9%
$620
$538
-13.2%
738
613
-16.9%
$5,425,000
$3,045,000
-43.9%
1
1
0.0%
91%
87%
-4.5%
Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
28.6%
% Change
2019
The average price for Minturn increased by 28.6% January through September 2019 compared to that of 2018.
All Properties
WILDRIDGE/WILDWOOD January through September
Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2018
% Change
2019
$929,122
$867,342
-6.6%
$319
$334
4.5%
101
99
-1.9%
$1,750,000
$2,900,000
65.7%
39
35
-10.3%
97%
97%
0.2%
All Properties 390 Eagle Drive, Avon
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LIV SOTHEBY’S INTERNATIONAL REALTY
RESORT REPORT
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WHY COLORADO?
NATIONAL PARKS: 4
MOUNTAIN RANGES: 7
AVERAGE DAYS OF SUNSHINE ANNUALLY: 300
SKI AREAS & RESORTS: 28
CRAFT BREWERIES: 350+
WE ARE.
THE VOICE OF COLORADO REAL ESTATE
2950 Booth Creek Drive, Vail
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500 72
1,000
22,700
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resorts.livsothebysrealty.com | coloradomicroreports.com Based on Information from Vail Board of Realtors速. This representation is based in whole or in part on data supplied by Vail Board of Realtors速. Vail Board of Realtors速 does not guarantee nor is in any way responsible for its accuracy. Data maintained by Vail Board of Realtors速 may not reflect all real estate activity in the market.