2014 year end final market report for issue and website with malia cover and letter link to vailluxu

VAI LVAL L E Y RE ALE S T AT EMARKET YE ARI NREVI EW 2014

AHUGEDE CE MBE RMARKST HEE NDOFAS OL I D YE ARI NT HERE ALE S T AT EMARKET T ot a l v ol umei nDec emberwa st hehi ghes tmont hs i nc e2007wi t h$252, 756, 183.

T hi sbr i ngst hey ea rend r ea l es t a t es a l est ot a l t o$1.

779bi l l i on.

T hi sv ol umer epr es ent st hehi ghes ty ea r l yt ot a l s i nc e2008.Cer t a i n pa r t soft hema r k eta r eba c kt opr i c el ev el swes a wa tt het opoft hema r k eti nt hehi ghes tendl ux ur yma r k et a ndnewerc ons t r uc t i on.S omea r ea soft hema r k eta r es t i l l notnea rt hei rhi ghes tl ev el sa ndt endt obeol der pr oper t i est ha ta r enoti nt hehea r tofVa i l Vi l l a gea ndL i ons hea d.Muc hofDec ember ' sv ol umei sr epr es ent edby2s a l es ; aVa i l Vi l l a ges i ngl ef a mi l yhome , whi c hs ol df or$18.

5mi l l i on, a nda nAv onc ommer c i a l pr oper t y .

Combi nedt hes e2pr oper t i ess ol df or$74mi l l i on.I a m ha ppyt or epor tt ha ts i nc eMa r c hof2014, whenI bega nmyf ul l t i mer ea l es t a t ec a r eer , I ha v es ol dorpendi ngov er$30mi l l i ondol l a r si ns a l esv ol ume .I ha v e apa s s i onf ort her ea l es t a t ema r k eta ndma r k et i nga tt hehi ghes tl ev el .

VAI LVAL L E Y RE ALE S T AT EMARKET YE ARI NREVI EW 2014

T r a ns a c t i onsl ev el swer ea l s os t r ongwi t hat ot a l of1, 802f or2014; a l s ot hehi ghes ts i nc e2007a twhi c ht i me t her ewer e2, 688.

Her ei say ea ri nr ev i ewbyt henumber sf or2014: T ot a l numberofr es i dent i a l t r a ns a c t i onst ha ts ol dov er$5mi l l i on-35 T ot a l numberf orr es i dent i a l t r a ns a c t i onst ha ts ol dunder$500, 000-662 T hehi ghes tov er a l l s a l eof2014( Av onc ommer c i a l pr oper t y ) -$55.

5M Per c entofs a l espur c ha s esf r om l oc a l buy er s-52% Per c entofs a l espur c ha s esf r om outofs t a t ebuy er s-31% T ot a l v ol umei nc r ea s eov er2013-27% T ot a l t r a ns a c t i onsi nc r ea s eov er2013-2% T ot a l c ommer c i a l s a l esv ol ume-$178, 919, 800 I nc r ea s ei na v er a ges a l espr i c eofr es i dent i a l pr oper t i ess ol df r om 2013t o2014-16% L a r ges ti nc r ea s ei nt r a ns a c t i onsofa na r eaov erl a s ty ea r ' snumber( BufferCr eek / Va i l Da sS honea r ea ) 145% Per c ent a geDROPi nba nks a l est hi sy ea rov erl a s ty ea r( 155i n2013t o72i n2014) -54% Numberoft r a ns a c t i onsov er$3Mi n2014v s .

2013-24mor ei n2014 T hea v er a gepr i c eofamul t i f a mi l yhomei nL i ons hea d; a37%i nc r ea s eov er2013-$2, 271, 190 T hes er epor t sa r eac ombi na t i onofr epor t sc ompi l edbyL a ndT i t l eGua r a nt eeCompa ny( whi c hus esunoffic i a l E a gl eCount yS t a t i s t i c s ) a ndr epor t sf r om L I VS ot heby’ sI nt er na t i ona l Rea l t y( whi c hus esVa i l Mul t i L i s t i ng Da t af r om t heVa i l Boa r dofRea l t or s ) .Bot hs our c esa r ev er yus ef ul a st heypr es entdi ffer ent l yi nt hei rf or ma t a ndhowt heygr oupt heda t aa ndoneort heot herf or ma tma ya ppea l t oy ou.Hopef ul l yi nr ea di ngt hr ough y ougetagoodf eel f ort hema r k ett ha ty oua r ei nt er es t edi nf ol l owi ng.

Malia Cox Nobrega 970.977.1041 mobile malia.nobrega@sothebysrealty.com VailLuxuryBroker.com

Malia Cox Nobrega 970.977.1041 mobile malia.nobrega@sothebysrealty.com VailLuxuryBroker.com

Malia Cox Nobrega 970.977.1041 mobile malia.nobrega@sothebysrealty.com VailLuxuryBroker.com

VAIL VALLEY NEIGHBORHOODS

BEAVER CREEK & VAIL

7

10

16 8 5

9

15 1

12 2

3

4

11

14

13

6

1. Arrowhead

9. Edwards - Lake Creek Valley

2. Avon

10. Edwards - Singletree

3. Bachelor Gulch

11. Lionshead

4. Beaver Creek

12. Mountain Star

5. Cordillera & Cordillera Valley Club

13. Vail Golf Course, Spraddle Creek & Cascade

6. Eagle Vail

14. Vail Village

7. Eagle & Gypsum

15. Wildridge

8. Edwards - Homestead

16. Wolcott, Bellyache, Red Sky

MICROMARKET REPORT | VAIL VALLEY YEAR-END 2014 | 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.

| MARKETS

BY AREA VAIL VALLEY MARKET VAIL VALLEY MARKET

BEAVER CREEK

All Properties

January through December Average Price Average Price per Square Foot Average Days on Market Highest Price Lowest Price Properties Sold % Sold Price to List Price

BACHELOR GULCH

2014

% Change

$1,600,188 $656 315 $7,125,000 $314,000 72 93.58%

$1,659,897 $687 332 $8,350,000 $475,000 87 94.13%

3.7% 4.7% 5.4% 17.2% 51.3% 20.8% 0.6%

2013

2014

% Change

$3,623,338 $789 441 $11,900,000 $880,000 29 92.00%

$3,434,177 $882 289 $9,975,000 $1,000,000 31 94.21%

-5.2% 11.8% -34.5% -16.2% 13.6% 6.9% 2.4%

2013

2014

% Change

$1,551,584 $455 255 $4,260,000 $215,000 48 91.93%

$1,479,569 $485 249 $7,225,000 $350,000 57 90.91%

-4.6% 6.6% -2.4% 69.6% 62.8% 18.8% -1.1%

All Properties

January through December Average Price Average Price per Square Foot Average Days on Market Highest Price Lowest Price Properties Sold % Sold Price to List Price

ARROWHEAD

2013

All Properties

January through December Average Price Average Price per Square Foot Average Days on Market Highest Price Lowest Price Properties Sold % Sold Price to List Price

MICROMARKET REPORT | VAIL VALLEY YEAR-END 2014 | 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.

| MARKETS

BY AREA VAIL VALLEY MARKET VAIL VALLEY MARKET

VAIL VILLAGE

All Properties

January through December Average Price Average Price per Square Foot Average Days on Market Highest Price Lowest Price Properties Sold % Sold Price to List Price

LIONSHEAD

2013

2014

% Change

$3,157,442 $1,471 381 $13,550,000 $375,000 43 93.18%

$4,632,260 $1,603 456 $19,000,000 $480,000 53 91.53%

46.7% 9.0% 19.7% 40.2% 28.0% 23.3% -1.8%

2013

2014

% Change

$1,827,798 $1,052 404 $7,650,000 $231,000 42 94.62%

$2,673,685 $1,234 255 $14,250,000 $300,000 46 91.77%

46.3% 17.3% -36.9% 86.3% 29.9% 9.5% -3.0%

All Properties

January through December Average Price Average Price per Square Foot Average Days on Market Highest Price Lowest Price Properties Sold % Sold Price to List Price

VAIL ALL PROPERTIES

Excluding Vail Village and Lionshead

January through December Average Price Average Price per Square Foot Average Days on Market Highest Price Lowest Price Properties Sold % Sold Price to List Price

2013

2014

% Change

$846,975 $439 152 $4,600,000 $175,000 173 93.89%

$956,828 $460 173 $7,600,000 $195,000 179 94.51%

13.0% 4.8% 13.8% 65.2% 11.4% 3.5% 0.7%

MICROMARKET REPORT | VAIL VALLEY YEAR-END 2014 | 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.

VAIL VALLEY MARKET | MARKETS BY AREA

ARROWHEAD

Condo/Townhome/Duplex

January through December Average Price Average Price per Square Foot Average Days on Market Highest Price Lowest Price Properties Sold % Sold Price to List Price

ARROWHEAD

2013

2014

% Change

$1,143,634 $472 284 $2,950,000 $215,000 32 92.86%

$943,072 $474 194 $2,166,600 $350,000 43 93.42%

-17.5% 0.4% -31.7% -26.6% 62.8% 34.4% 0.6%

2013

2014

% Change

$2,367,482 $421 196 $4,260,000 $1,000,000 16 91.51%

$3,127,381 $520 418 $7,225,000 $1,300,000 14 88.63%

32.1% 23.5% 113.3% 69.6% 30.0% -12.5% -3.1%

2013

2014

% Change

$1,838,047 $746 379 $2,950,000 $880,000 17 91.90%

$2,418,646 $876 262 $4,400,000 $1,000,000 24 93.85%

31.6% 17.4% -30.9% 49.2% 13.6% 41.2% 2.1%

Single Family

January through December Average Price Average Price per Square Foot Average Days on Market Highest Price Lowest Price Properties Sold % Sold Price to List Price

BACHELOR GULCH

Condo/Townhome/Duplex

January through December Average Price Average Price per Square Foot Average Days on Market Highest Price Lowest Price Properties Sold % Sold Price to List Price

MICROMARKET REPORT | VAIL VALLEY YEAR-END 2014 | 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.

VAIL VALLEY MARKET | MARKETS BY AREA

BACHELOR GULCH

Single Family

January through December Average Price Average Price per Square Foot Average Days on Market Highest Price Lowest Price Properties Sold % Sold Price to List Price

BEAVER CREEK

2014

% Change

$6,152,500 $849 530 $11,900,000 $3,925,000 12 90.85%

$6,916,000 $901 382 $9,975,000 $3,700,000 7 96.77%

12.4% 6.1% -27.9% -16.2% -5.7% -41.7% 6.5%

2013

2014

% Change

$1,231,362 $649 319 $4,800,000 $314,000 65 93.84%

$1,351,659 $685 336 $3,500,000 $475,000 79 93.89%

9.8% 5.5% 5.3% -27.1% 51.3% 21.5% 0.1%

2013

2014

% Change

$5,025,000 $720 275 $7,125,000 $2,300,000 7 94.24%

$4,703,750 $711 300 $8,350,000 $2,775,000 8 94.70%

-6.4% -1.3% 9.1% 17.2% 20.7% 14.3% 0.5%

Condo/Townhome/Duplex

January through December Average Price Average Price per Square Foot Average Days on Market Highest Price Lowest Price Properties Sold % Sold Price to List Price

BEAVER CREEK

2013

Single Family

January through December Average Price Average Price per Square Foot Average Days on Market Highest Price Lowest Price Properties Sold % Sold Price to List Price

MICROMARKET REPORT | VAIL VALLEY YEAR-END 2014 | 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.

VAIL VALLEY MARKET | MARKETS BY AREA

CORDILLERA & CORDILLERA VALLEY CLUB January through December Average Price Average Price per Square Foot Average Days on Market Highest Price Lowest Price Properties Sold % Sold Price to List Price

EAGLE & GYPSUM

All Properties

2013

2014

% Change

$1,523,955 $306 285 $3,875,000 $698,000 44 89.99%

$1,815,632 $330 266 $3,850,000 $740,000 39 92.61%

19.1% 7.8% -6.7% -0.6% 6.0% -11.4% 2.9%

2013

2014

% Change

$359,161 $154 85 $1,725,000 $70,875 292 95.38%

$386,858 $176 80 $2,500,000 $59,148 275 97.34%

7.7% 14.3% -5.9% 44.9% -16.5% -5.8% 2.1%

All Properties

January through December Average Price Average Price per Square Foot Average Days on Market Highest Price Lowest Price Properties Sold % Sold Price to List Price

EAGLE-VAIL, AVON & WILDRIDGE January through December Average Price Average Price per Square Foot Average Days on Market Highest Price Lowest Price Properties Sold % Sold Price to List Price

All Properties 2013

2014

% Change

$434,899 $283 157 $1,600,000 $108,000 193 94.97%

$496,642 $302 111 $2,750,000 $106,000 212 94.75%

14.2% 6.7% -29.3% 71.9% -1.9% 9.8% -0.2%

MICROMARKET REPORT | VAIL VALLEY YEAR-END 2014 | 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.

VAIL VALLEY MARKET | MARKETS BY AREA

EDWARDS - HOMESTEAD

All Properties

January through December Average Price Average Price per Square Foot Average Days on Market Highest Price Lowest Price Properties Sold % Sold Price to List Price

2013

2014

% Change

$528,905 $246 157 $2,075,000 $180,000 83 94.82%

$464,447 $267 96 $1,750,000 $162,750 91 96.06%

-12.2% 8.5% -38.9% -15.7% -9.6% 9.6% 1.3%

2013

2014

% Change

$1,862,667 $419 628 $4,350,000 $595,000 9 81.12%

$2,323,125 $458 349 $9,500,000 $545,000 12 87.52%

24.7% 9.3% -44.4% 118.4% -8.4% 33.3% 7.9%

2013

2014

% Change

$842,012 $271 140 $2,465,000 $320,000 52 94.56%

$814,104 $275 155 $1,520,000 $405,000 47 93.22%

-3.3% 1.5% 10.7% -38.3% 26.6% -9.6% -1.4%

EDWARDS - LAKE CREEK VALLEY January through December Average Price Average Price per Square Foot Average Days on Market Highest Price Lowest Price Properties Sold % Sold Price to List Price

EDWARDS - SINGLETREE January through December Average Price Average Price per Square Foot Average Days on Market Highest Price Lowest Price Properties Sold % Sold Price to List Price

All Properties

All Properties

MICROMARKET REPORT | VAIL VALLEY YEAR-END 2014 | 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.

VAIL VALLEY MARKET | MARKETS BY AREA

MOUNTAIN STAR

All Properties

January through December Average Price Average Price per Square Foot Average Days on Market Highest Price Lowest Price Properties Sold % Sold Price to List Price

2013

2014

% Change

$0 $0 0 $0 $0 No Sales 0.00%

$2,900,000 $554 521 $4,100,000 $2,100,000 3 88.82%

-

VAIL GOLF COURSE, SPRADDLE CREEK & CASCADE All Properties January through December Average Price Average Price per Square Foot Average Days on Market Highest Price Lowest Price Properties Sold % Sold Price to List Price

2013

2014

% Change

$1,669,605 $662 294 $4,600,000 $525,000 19 94.64%

$1,860,097 $719 357 $5,000,000 $575,000 18 93.38%

11.4% 8.6% 21.4% 8.7% 9.5% -5.3% -1.3%

ALL OTHER VAIL AREAS

East Vail, Booth Creek, Potato Ranch, Sandstone Lionsridge, Valley Ridge at Vail,West Vail North, Highland Meadows,West Vail South January through December Average Price Average Price per Square Foot Average Days on Market Highest Price Lowest Price Properties Sold % Sold Price to List Price

2013

2014

% Change

$745,482 $411 134 $4,513,803 $175,000 154 93.88%

$855,841 $431 152 $7,600,000 $195,000 161 94.88%

14.8% 4.9% 13.4% 68.4% 11.4% 4.5% 1.1%

MICROMARKET REPORT | VAIL VALLEY YEAR-END 2014 | 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.

Malia Cox Nobrega 970.977.1041 mobile malia.nobrega@sothebysrealty.com VailLuxuryBroker.com

Malia Cox Nobrega 970.977.1041 mobile malia.nobrega@sothebysrealty.com VailLuxuryBroker.com

Malia Cox Nobrega 970.977.1041 mobile malia.nobrega@sothebysrealty.com VailLuxuryBroker.com