Vail Valley Market Report | 2015 Year End

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

Vail Valley Market Report Year End 2015 The year-end numbers are in and 2015 was a solid year in real estate with the total sales volume at nearly 2 billion dollars with 2061 transactions. Approximately 1.7 billion was improved residential sales and the remainder were commercial or land transactions. This is a 12% increase in sales volume from last year. Here are some highlights. Checkout the details for your areas of interest within the detailed report that follows. Price Per Square Foot Comparisons Between 2015 and 2014: Vail Single Family Homes, including all areas, had an increase in the average price per square foot from 2014 by nearly 16% whereas multi-family residences in Vail increased 3% on a price per foot basis from 2014. Arrowhead single family prices per foot were up an impressive 23% in 2015, Cordillera Valley Club up 5%, and all other Cordillera single family residences were up 2% on a price per foot basis. Beaver Creek was up considerably for single family price per foot with a 31% increase, whereas Bachelor Gulch was up 3%. Beaver Creek multi-family residences were up 3% and Bachelor Gulch saw a drop in price per square foot of 34%. Note that it can be a challenge to use this data to know exactly what it means for your property or the property you are considering purchasing. A great example of this is an area like Potato Patch, some areas had a huge increase 450% on a price per foot basis (Potato Patch SF) and others a huge decrease (-35% East Vail SF). This is due to the relatively small sample sizes, the variety in the square footage of properties sold as well as the variation in quality and age of construction in many of the sales from year-to-year. This can make it a challenge to know exactly what these figures mean for your particular property. For that reason, it is always best to get a tailored evaluation regarding your particular residence to see how you compare to the actual recent solds in your neighborhood in terms of location, age, size and quality of construction. Contact me for a no obligation consultation about the value of your residence or to just chat about the market. Cheers to a great 2016 in the Vail Valley.

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

Historical Sales Volume: 2011- 2015

$300,000,000 $242,524,378 $250,000,000

$229,528,778

$225,916,373

$177,785,117

$171,312,586

$200,000,000 $160,565,432

$155,378,858

$145,323,518 $139,865,116

$150,000,000

$137,128,799

$114,079,607

$89,729,327

$100,000,000

$50,000,000

$0 January

February

March

2011

April

May

2012

June

July

2013

August

2014

September

October

2015

November

December

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

Historical Gross Sales Volume

Dollar Volume Month January February March April May June July August September October November December

YTD - TOTAL

2011

% of Previous Year

2012

% of Previous Year

2013

$86,162,658 $82,622,700 $131,955,600 $100,701,000 $119,819,895 $67,869,777 $48,698,653 $82,557,973 $82,858,500 $112,774,000 $124,878,900 $117,149,200

99% 82% 100% 77% 96% 48% 55% 82% 35% 84% 110% 108%

$104,492,288 $92,427,000 $89,967,800 $124,475,200 $154,113,314 $97,258,600 $73,826,150 $116,279,200 $140,283,568 $159,787,215 $135,702,340 $224,877,609

121% 112% 68% 124% 129% 143% 152% 141% 169% 142% 109% 192%

$61,119,460 $95,173,867 $90,504,772 $125,968,600 $124,319,071 $94,345,910 $122,933,025 $107,615,823 $151,325,898 $164,928,610 $138,598,549 $125,803,695

$1,158,048,856

77%

$1,513,490,284

131% 167%

% of Previous Year

2014

% of Previous Year

2015

% of Previous Year

58% 103% 101% 101% 81% 97% 167% 93% 108% 103% 102% 56%

$103,109,993 $121,963,299 $104,055,895 $239,411,420 $140,853,228 $126,187,516 $101,361,682 $114,023,444 $148,315,026 $199,038,260 $128,287,523 $252,756,183

169% 128% 115% 190% 113% 134% 82% 106% 98% 121% 93% 201%

$145,323,518 $89,729,327 $139,865,116 $114,079,607 $160,565,432 $225,916,373 $171,312,586 $155,378,858 $229,528,778 $177,785,117 $137,128,799 $242,524,378

141% 74% 134% 48% 114% 179% 169% 136% 155% 89% 107% 96%

$1,402,637,280

93%

$1,779,363,469

127%

$1,989,137,889

112%

$1,402,637,280

131%

$1,779,363,469

127%

$1,989,137,889

112%

Number of Transactions Month January February March April May June July August September October November December

2011

% of Previous Year

2012

% of Previous Year

2013

% of Previous Year

2014

% of Previous Year

2015

% of Previous Year

90 82 129 106 121 92 92 126 132 130 121 136

114% 86% 126% 91% 115% 76% 100% 125% 115% 113% 108% 140%

90 91 102 135 150 124 115 164 175 218 154 208

100% 111% 79% 127% 124% 135% 125% 130% 133% 168% 127% 153%

97 83 120 160 161 143 190 187 157 177 156 135

108% 91% 118% 119% 107% 115% 165% 114% 90% 81% 101% 65%

107 92 118 146 151 158 144 162 188 198 167 171

110% 111% 98% 91% 94% 110% 76% 87% 120% 112% 107% 127%

116 97 129 134 162 219 218 198 236 200 166 186

108% 105% 109% 92% 107% 139% 151% 122% 126% 101% 99% 109%

YTD - TOTAL

1,357

109%

1,726

127%

1,766

102%

1,802

102%

2,061

114%

Annual Totals

1,357

109%

1,726

133%

1,766

127%

1,802

102%

2,061

114%

The above figures do not include time share interests and are an unofficial tabulation of Eagle County records that are believed to be reasonably accurate.

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

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