NEIGHBORHOOD MICROMARKET REPORT |
January through June
2016
2017
% Change
Average Price Vail Valley • Mid-Year 2017 Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price Boundaries:
NEIGHBORHOOD January through June
2016
2017
% Change
Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price Boundaries:
NEIGHBORHOOD January through June
2016
2017
% Change
Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price Boundaries:
MICROMARKET REPORT | Denver Metro 303.893.3200
page 1
QUARTER 1 2017 • COLORADOMICROREPORTS.COM
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
16
14 15
12 13
10
11 9
5
8 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: 1548 Via La Favorita, Edwards
coloradomicroreports.com
VAIL VALLEY Market Introduction The first six months of 2017 have shown strong growth for Eagle County and the Vail Valley’s residential real estate market. The momentum from a strong winter selling season has carried over into the summer, with an increase of luxury home sales demonstrating local and global buyer and seller confidence within Vail Valley real estate. The middle of the market across the Vail Valley is experiencing lower inventory and limited newer product, and the mid-Valley markets have seen robust activity with local buyers and entry level second home purchasers. A majority of sales activity took place in the 1 to 4 million dollar range, with primarily domestic and Front Range buyers. The Vail Valley area Micro Market Report, prepared by LIV Sotheby’s International Realty, compares mid-year, (January through June) statistics, to that of 2016, for single family homes and attached dwellings in Eagle County. The number of single family homes and condos sold rose to 620, an 8.4% increase year-over-year, with average days on market decreasing 9.5%, to 143 from January through June, 2016.
EAGLE COUNTY January through June
2016
2017
% Change
Sold Listings (All Properties)
572
620
8.4%
Sold Single Family
190
212
11.6%
Sold Condos/TH/DP
382
408
6.8%
Average Days on Market
158
143
-9.5%
$977,930
$1,214,489
24.2%
94.6%
94.8%
0.2%
$559,375,839
$752,982,926
34.6%
Average Price % Sold Price to List Price Total Dollar Volume Sold
All Properties
January through June 2017,
620
Sales price to list price ratio is holding at 94.8% throughout the Vail Valley, which is evidence of continued competitive conditions in the marketplace.
homes sold for an average of
Highlights from the Vail Valley area include Bachelor Gulch’s average price of single family homes rising to $8,889,000, up 42%, from 2016. Vail Village’s average price rose to $5,128,475, up 144.8%, from 2016 and Beaver Creek’s average price rose to $6,866,667, up 38% from 2016.
or, $752,982,926 total dollar volume sold.
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.
$1,214,489
MICROMARKET REPORT | Vail Valley MID-YEAR 2017 • COLORADOMICROREPORTS.COM
ARROWHEAD January through June
2016
Average Price
$1,731,274
$1,448,899
-16.3%
$552
$552
0.0%
151
117
-22.5%
$3,980,000
$2,850,000
-28.4%
19
21
10.5%
94.4%
96.3%
2.0%
Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2017
% Change
Arrowhead boasts a convenient location, connecting world-class Beaver Creek resort through a network of chairlifts and ski trails.
All Properties
ARROWHEAD January through June Average Price
2016
$2,611,775
-15.1%
$657
$556
-15.4%
291
304
4.5%
$3,980,000
$2,850,000
-28.4%
4
5
25.0%
90.9%
97.7%
7.5%
Average Days on Market
Properties Sold % Sold Price to List Price
% Change
$3,076,250
Average Price per Square Foot
Highest Price
2017
Single Family Homes 1860 Cresta Road, Arrowhead
ARROWHEAD January through June
2016
Average Price
$1,372,613
$1,085,500
-20.9%
$524
$550
5.0%
114
58
-49.1%
$2,750,000
$2,056,000
-25.2%
15
16
6.7%
94.9%
95.2%
0.3%
Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price Condos, Townhomes, Duplexes
2017
% Change
5.0%
The average price per square foot for condos, townhomes, and duplexes in Arrowhead increased by 5.0% January through June 2017 compared to that of 2016.
coloradomicroreports.com
BACHELOR GULCH January through June Average Price
2016
$4,575,500
53.7%
$851
$971
14.1%
313
325
3.8%
$8,350,375
$13,400,000
60.5%
15
15
0.0%
97.0%
95.4%
-1.7%
Average Days on Market
Properties Sold % Sold Price to List Price
% Change
$2,976,932
Average Price per Square Foot
Highest Price
2017
All Properties 2150 Daybreak Ridge, Bachelor Gulch
42.0%
January through June 2017, the average price of single family homes in Bachelor Gulch increased by 42.0% compared to that of 2016.
BACHELOR GULCH January through June Average Price
2016
$8,889,000
42.0%
$811
$1,060
30.7%
477
185
-61.2%
$8,350,375
$13,400,000
60.5%
3
5
66.7%
94.1%
96.7%
2.8%
Average Days on Market
Properties Sold % Sold Price to List Price
% Change
$6,258,458
Average Price per Square Foot
Highest Price
2017
Single Family Homes
BACHELOR GULCH January through June
The luxury Ritz-Carlton, Bachelor Gulch is one of the largest freestanding log “cabins” in the United States. The structure is literally built into the side of the mountain, including the award-winning spa, which makes the pampering stay even more quiet and tranquil.
Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2016
2017
% Change
$2,156,550
$2,418,750
12.2%
$861
$927
7.7%
272
395
45.2%
$4,800,000
$5,480,000
14.2%
12
10
-16.7%
97.4%
93.8%
-3.7%
Condos, Townhomes, Duplexes
MICROMARKET REPORT | Vail Valley livsothebysrealty.com
MID-YEAR 2017 • COLORADOMICROREPORTS.COM
BEAVER CREEK January through June
2016
Average Price
$1,837,569
$2,159,934
17.5%
$725
$785
8.3%
277
255
-7.9%
$8,475,000
$10,700,000
26.3%
36
47
30.6%
94.5%
95.2%
0.8%
Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2017
% Change
Beaver Creek is home to the Audi Birds of Prey World Cup, which brings together hundreds of top male skiers as they compete to be named World Champion.
All Properties
BEAVER CREEK January through June Average Price
2016
$6,866,667
38.0%
$829
$760
-8.3%
392
198
-49.5%
$8,475,000
$10,700,000
26.3%
2
3
50.0%
93.9%
95.0%
1.1%
Average Days on Market
Properties Sold % Sold Price to List Price
% Change
$4,975,000
Average Price per Square Foot
Highest Price
2017
Single Family Homes
38.0%
January through June 2017, the average price for single family homes in Beaver Creek increased by 38.0% compared to that of 2016.
BEAVER CREEK January through June
2016
Average Price
$1,653,015
$1,839,020
11.3%
$719
$787
9.5%
271
259
-4.4%
$6,735,000
$6,040,000
-10.3%
34
44
29.4%
94.4%
95.3%
1.0%
Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2017
% Change
Condos, Townhomes, Duplexes 373 Strawberry Park Road, Beaver Creek
coloradomicroreports.com
CORDILLERA/VALLEY CLUB
3.2%
January through June
2016
2017
Average Price
$1,698,317
$1,701,609
0.2%
$315
$325
3.2%
280
367
31.1%
$3,500,000
$3,200,000
-8.6%
12
23
91.7%
94.1%
92.0%
-2.2%
Average Price per Square Foot Average Days on Market
The average price per square foot for Cordillera and Cordillera Valley Club increased by 3.2% January through June 2017 compared to that of 2016.
Highest Price Properties Sold % Sold Price to List Price
% Change
All Properties
CORDILLERA January through June
2016
Average Price
$1,624,974
1.1%
$318
$303
-4.7%
267
413
54.7%
$3,500,000
$3,200,000
-8.6%
10
19
90.0%
92.3%
92.0%
-0.4%
Average Days on Market
Properties Sold % Sold Price to List Price
% Change
$1,606,980
Average Price per Square Foot
Highest Price
2017
All Properties 525 Forest Trail, Cordillera
CORDILLERA VALLEY CLUB January through June Average Price
The gated community of Cordillera offers 7,000 acres of panoramic views with access to private fly fishing waters, a golf course, and an equestrian center.
Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2016
2017
% Change
$2,155,000
$2,065,625
-4.1%
$297
$431
45.1%
340
152
-55.3%
$2,600,000
$2,500,000
-3.8%
2
4
100.0%
97.6%
92.8%
-4.9%
All Properties
MICROMARKET REPORT | Vail Valley livsothebysrealty.com
MID-YEAR 2017 • COLORADOMICROREPORTS.COM
EDWARDS & HOMESTEAD January through June Average Price
2016
$563,009
15.1%
$298
$360
20.8%
83
41
-50.6%
$1,800,000
$2,598,500
44.4%
46
46
0.0%
95.5%
97.2%
1.8%
Average Days on Market
Properties Sold % Sold Price to List Price
% Change
$489,339
Average Price per Square Foot
Highest Price
2017
All Properties 318 Kicking Horse, Edwards
EDWARDS - LAKE CREEK VALLEY January through June Average Price
2016
$1,813,571
-67.0%
$458
$424
-7.4%
585
262
-55.2%
$5,500,000
$3,650,000
-33.6%
1
7
600.0%
79.7%
89.4%
12.2%
Average Days on Market
Properties Sold % Sold Price to List Price
% Change
$5,500,000
Average Price per Square Foot
Highest Price
2017
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
EDWARDS - SINGLETREE January through June Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2016
2017
% Change
$1,042,630
$1,036,944
-0.5%
$322
$373
15.8%
155
149
-3.9%
$2,475,000
$2,175,000
-12.1%
27
18
-33.3%
94.4%
94.9%
0.5%
All Properties 42 Stag Gulch, Edwards
coloradomicroreports.com
TOWN OF VAIL
10.1%
January through June
2016
2017
Average Price
$1,484,188
$2,235,731
50.6%
$789
$925
17.2%
277
208
-24.9%
$6,450,000
$23,000,000
256.6%
119
131
10.1%
93.8%
93.1%
-0.8%
Average Price per Square Foot Average Days on Market
January through June 2017, the number of properties sold in the Town of Vail increased by 10.1% compared to that of 2016.
Highest Price Properties Sold % Sold Price to List Price
% Change
All Properties
EAST VAIL January through June Average Price
2016
$960,961
27.2%
$471
$524
11.3%
123
101
-17.9%
$3,075,000
$3,750,000
22.0%
27
31
14.8%
96.2%
94.9%
-1.4%
Average Days on Market
Properties Sold % Sold Price to List Price
% Change
$755,574
Average Price per Square Foot
Highest Price
2017
All Properties 1645 Golf Lane J34, Vail
18.6%
The average price per square foot for West Vail and Cascade increased by 18.6% January through June 2017 compared to that of 2016.
WEST VAIL & CASCADE January through June
2016
Average Price
$1,194,335
$1,808,684
51.4%
$570
$676
18.6%
245
132
-46.1%
$3,750,000
$5,500,000
46.7%
25
24
-4.0%
95.1%
94.7%
-0.4%
Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2017
% Change
All Properties
MICROMARKET REPORT | Vail Valley livsothebysrealty.com
MID-YEAR 2017 • COLORADOMICROREPORTS.COM
VAIL VILLAGE January through June Average Price Average Price per Square Foot
2016
$5,128,475
144.8%
$1,468
$1,872
27.5%
506
242
-52.2%
$4,900,000
$23,000,000
369.4%
18
20
11.1%
94.3%
93.0%
-1.3%
Properties Sold % Sold Price to List Price
11.1%
% Change
$2,095,139
Average Days on Market Highest Price
2017
The number of propeties sold for Vail Village increased by 11.1% January through June 2017 compared to that of 2016.
All Properties
LIONSHEAD January through June
2016
2017
Average Price
$2,851,712
$2,915,159
2.2%
$1,459
$1,355
-7.1%
502
536
6.8%
$6,450,000
$12,425,000
92.6%
14
22
57.1%
89.3%
90.2%
1.0%
Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
% Change
All Properties 740 Sandy Lane, Vail
VAIL GOLF COURSE/SPRADDLE CREEK January through June Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2016
2017
% Change
$1,952,300
$2,141,000
9.7%
$728
$825
13.3%
347
201
-42.1%
$4,000,000
$5,800,000
45.0%
10
7
-30.0%
95.7%
93.5%
-2.3%
Vail Golf Club is highlighted by unparalleled views of the Gore Mountain Range and offers an 18-hole course with 6,766 yards of golf.
All Properties
coloradomicroreports.com
ALL OTHER VAIL AREAS January through June
2016
2017
Average Price
$1,183,346
$1,407,130
18.9%
$509
$576
13.2%
128
106
-17.2%
$4,675,000
$4,380,000
-6.3%
27
27
0.0%
95.1%
95.0%
-0.1%
Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
% Change
Booth Creek, Highland Meadows, Potato Ranch, Sandstone Ridge, Valley Ridge at Vail 205 Daisy Lane, Avon
EAGLE-VAIL, AVON, & WILDRIDGE
7.8%
January through June
2016
Average Price
$615,383
7.8%
$389
$394
1.3%
108
98
-9.3%
$1,850,000
$4,306,000
132.8%
109
105
-3.7%
96.8%
95.8%
-1.1%
Average Days on Market Highest Price
% Change
$571,054
Average Price per Square Foot
January through June 2017, the average price of Eagle-Vail, Avon, and Wildridge increased by 7.8% compared to that of 2016.
2017
Properties Sold % Sold Price to List Price All Properties
EAGLE & SURROUNDING AREAS January through June Average Price
2016
% Change
$448,948
$470,893
4.9%
$203
$226
11.3%
72
78
8.3%
$1,275,000
$1,400,000
9.8%
126
128
1.6%
97.1%
97.5%
0.4%
Average Price per Square Foot Average Days on Market Highest Price
2017
Properties Sold % Sold Price to List Price Eagle, Eagle Ranch, Brush Creek, & Gypsum 171 Mayer Street, Eagle
MICROMARKET REPORT | Vail Valley livsothebysrealty.com
MID-YEAR 2017 • COLORADOMICROREPORTS.COM
MINTURN January through June Average Price
2016
$742,875
6.6%
$290
$331
14.1%
243
134
-44.9%
$1,640,000
$1,575,000
-4.0%
9
8
-11.1%
92.0%
93.3%
1.4%
Average Days on Market
Properties Sold % Sold Price to List Price
% Change
$696,594
Average Price per Square Foot
Highest Price
2017
All Properties
14.1%
The average price per square foot for Minturn increased by 14.1% January through June 2017 compared to that of 2016.
MOUNTAIN STAR January through June Average Price
2016
-
-
$521
-
-
250
-
-
$3,450,000
-
-
1
No Sales
-
86.4%
-
-
Average Days on Market
Properties Sold % Sold Price to List Price
% Change
$3,450,000
Average Price per Square Foot
Highest Price
2017
All Properties 56 Rose Crown, Mountain Star
WILDRIDGE/WILDWOOD January through June Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2016
2017
% Change
$919,143
$1,093,047
18.9%
$322
$335
4.0%
205
116
-43.4%
$1,485,000
$4,306,000
190.0%
7
16
128.6%
95.9%
95.5%
-0.4%
Wildridge is located on the opposite side of Eagle Valley from Beaver Creek and offers a variety of hiking paths that extend to vail.
All Properties
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LIV SOTHEBY’S INTERNATIONAL REALTY
RESORT REPORT
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WHY COLORADO?
NATIONAL PARKS: 7
MOUNTAIN RANGES: 7
AVERAGE DAYS OF SUNSHINE ANNUALLY: 300
SKI RESORTS: 25
CRAFT BREWERIES: 312+
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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.