Micro Market Report

The Vail Valley is renowned for its world-class skiing in Vail and Beaver Creek, with over 7,000 acres of terrain in the two resorts. The area is also an easily accessible destination, with the Eagle County Regional Airport (EGE) providing service from twelve cities.

2022 brought normalization to the Vail Valley real estate market after record-breaking sales volume in 2020-2021. Throughout Eagle County, the average sale price increased 10% from January to December 2022 although overall sales volume was off 23.4% due to reduced inventory. Properties were on the market for an average of only 36 days, down from 70 days in 2021, as buyers made relatively swift decisions in this competitive climate.

Cordillera Valley Club had an exceptional year in 2022, with the average sale price up 55.5% from $3.65 million to $5.67 million over 2021. Mountain Star saw a 43.6% uptick in average sale price to $10.1 million. East Vail properties saw a 41.2% jump in average sale price in 2022, from $1.07 million to $1.51 million over the previous year. The Singletree neighborhood in Edwards continues to be desirable for buyers, with the highest priced property in 2022 selling for $4.6 million, which was a 18% increase over 2021. Vail Village’s price per square foot was $2,506, the highest in the area and 15.5% above that figure in 2021. coloradomicroreports.com

The Vail Valley has become a year-round destination for visitors from throughout the US and worldwide. As many of these guests consider relocating to the Colorado mountains or purchasing a vacation home, demand for properties remains healthy.