Vail Valley Real Estate Market Year In Review 2014

YEAR IN THE REAL ESTATE MARKET Total volume in December was the highest month since 2007 with $252,756,183. This brings the year end real estate sales total to $1.779 billion. This volume represents the highest yearly total since 2008. Certain parts of the market are back to price levels we saw at the top of the market in the highest end luxury market and newer construction. Some areas of the market are still not near their highest levels and tend to be older properties that are not in the heart of Vail Village and Lionshead. Much of December's volume is represented by 2 sales; a Vail Village single family home, which sold for $18.5 million, and an Avon commercial property. Combined these 2 properties sold for $74 million. I am happy to report that since March of 2014, when I began my full-time real estate career, I have sold or pending over $30 million dollars in sales volume. I have a passion for the real estate market and marketing at the highest level.

Transactions levels were also strong with a total of 1,802 for 2014; also the highest since 2007 at which time there were 2,688.

Here is a year in review by the numbers for 2014: Total number of residential transactions that sold over $5 million- 35 Total number for residential transactions that sold under $500,000- 662 The highest overall sale of 2014 (Avon commercial property)- $55.5M Percent of sales purchases from local buyers- 52% Percent of sales purchases from out of state buyers- 31% Total volume increase over 2013-27% Total transactions increase over 2013- 2% Total commercial sales volume- $178,919,800 Increase in average sales price of residential properties sold from 2013 to 2014- 16% Largest increase in transactions of an area over last year's number (Buffer CreekNail Das Shone area) -145% Percentage DROP in bank sales this year over last year (155 in 2013 to 72 in 2014)- 54% Number of transactions over $3M in 2014 vs. 2013- 24 more in 2014 The average price of a multi-family home in Lionshead; a 37% increase over 2013- $2,271,190 These reports are a combination of reports compiled by Land Title Guarantee Company (which uses unofficial Eagle County Statistics) and reports from LIV Sotheby's International Realty (which uses Vail Multi Listing Data from the Vail Board of Realtors). Both sources are very useful as they present differently in their format and how they group the data and one or the other format may appeal to you. Hopefully in reading through you get a good feel for the market that you are interested in following.

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