2016 Annual Slifer Report

T he Slifer R eport VAIL VALLEY REAL ESTATE 2016 ANNUAL MARKET REVIEW

VA I L R E A L E S TAT E .C O M

TA B L E O F C O N T E N T S Introduction............................................................3 Map of the Valley................................................ 4-5 Vail Valley Overview.............................................6-7 Vail Valley Luxury Market.................................... 8-9

E A S T >>> W E S T Vail Village & Lionshead........................................ 10 Vail Golf Course, Spraddle Creek & Cascade Village.................................................11 Vail - All Other Areas............................................ 12 Eagle - Vail............................................................ 13 Avon & Wildridge................................................. 14 Mountain Star....................................................... 15 Beaver Creek.........................................................16 Bachelor Gulch Village.......................................... 17 Arrowhead............................................................18 Edwards, Homestead & Lake Creek.....................19 Cordillera..............................................................20 Singletree..............................................................21 Wolcott..................................................................22 Eagle & Eagle Ranch.............................................23 Gypsum................................................................. 24

>>> Vail Valley Land Overview.....................................25 Online Tools - Real Time Alerts............................26 Global Reach......................................................... 27

A

nother year has come and gone in the Vail Valley, during which our real estate market continued its steady trajectory of growth. Transactions were up 5% over last year at 1,493, which is the highest we’ve seen since 2007. Closed sales volume was even with last year at $1.4 billion, which is encouraging considering the slow start we experienced in the high-end market.

The under $3 million market continues to be the driving force behind the steady growth. The $1 million and under market saw a 4% increase in transactions and a 6% increase in total sales volume while the $1 million to $3 million market saw an even bigger jump with total transactions going up by 15% and sales volume increasing by 10%.

Our high-end market experienced a slow start in 2016 but finished the year strong. Through the first 6 months of the year, the market saw 9 closings at the $5 million and above price point. Since June, we had 17 properties close at this price point including 3 properties priced at over $10 million. The high-end market is already off to a quick start in 2017 with 3 sales over $5 million in the first week, including a record sales price in Vail Village at $23 million.

The strong finish in 2016 combined with the quick start this year points to a very strong market in 2017. This encouraging market information along with inventory at a record low brings about an opportunity for sellers. For those homeowners that have been considering listing their properties, now may be an ideal time.

While the overall real estate market continues to improve, it also remains very complex, differing significantly in pricing, days-on-market, and other important metrics from area-to-area. This is why we continue to provide you with this in-depth analysis of real estate throughout Eagle County. It is our hope that it will prove to be of value as you consider buying or selling over the coming year.

The Vail Valley remains an incredible place to call “home,” whether full or part-time, with a year-round quality of life unmatched by any other mountain resort community. Slifer Smith & Frampton has been fortunate to be here since the very beginning. With 18 office locations in key markets throughout Eagle County, we are privileged to represent you, our client, in fulfilling your dream of owning a piece of this spectacular mountain community. For that, we thank you.

Here’s to another great year in the Vail Valley.

With Sincere Thanks,

Jim F laum

Jim Flaum President and Managing Broker Slifer Smith & Frampton Real Estate

*

Data gathered from the Vail Board of Realtors MLS system

VAIL VALLEY AT A GOLF COMMUNITY

Wolcott & Bellyache Ridge

SKI RESORT

SSF OFFICES

70

Gypsum

Red Sky Ranch

Cordillera Valley Club Edwards

Eagle

EAGLE COUNTY AIRPORT

Eagle Ranch

Cordillera

Frost Creek

Arrowhead Lake Creek

SLIFER SMITH & FRAMPTON VAIL | 4 locations >>>

AVON | 3 locations >>>

Bridge Street | 230 Bridge St | 970.476.2421

The Westin Riverfront Village | 126 Riverfront Ln, Ste. C-100 | 970.748.5420

Solaris at Vail | 141 E Meadow Dr | 970.477.5720

Mountain Star | 39 Paintbrush | 970.390.9203

Lionshead | 531 E Lionshead Cir, Ste. 11 | 970.479.0245

Avon Corporate | 90 Benchmark Rd, Ste. 105 | 970.845.2000

Four Seasons Resort | One Vail Rd | 970.479.2015

CORDILLERA | 2 locations >>>

EAGLE

The Divide | 2203 Cordillera Way | 970.926.3505

Eagle Ranch | 1143 Capitol St | 970.328.2550

The Summit | 325 Settlers Loop | 970.926.6752

2016 A N N UA L SL I FE R R E P O R T 4

GLANCE Singletree

North

Mountain Star

West Vail

Avon & Wildridge

Lionshead Vail Village

70

Bachelor Eagle-Vail Gulch Minturn

Beaver Creek

East Vail

REAL ESTATE OFFICES VILLAGES OF BEAVER CREEK | 8 locations >>> Arrowhead | 160 Cresta Rd | 970.926.3000 Bachelor Gulch Village | 130 Daybreak Ridge, The Ritz-Carlton® | 970.845.2300 Highlands Lodge | 15 Highlands Ln | 970.845.9403 Park Hyatt Promenade | 148 Beaver Creek Plaza, adjacent to ice rink | 970.845.9400 Park Hyatt Lobby | 148 Beaver Creek Plaza | 970.845.3836 St James Place | 210 Offerson Rd | 970.845.9900

We live here, we work here, we play here.

Find your place at:

The Charter | 120 Offerson Rd | 970.845.3815

W W W.VAILREALESTATE. COM

Vacation Ownership Center | 46 Avondale Ln | 970.949.5811

2016 A N N UA L SL I FE R R E P O R T 5

2 016 VA I L VA L L E Y OV E R V I E W TRANSACTION VOLUME COMPARISON 1500 1,493

NUMBER OF TRANSACTIONS

1,418

1250

1,266

1,264 1,234

1000

2012

2013

2014

2015

2016

SALES VOLUME COMPARISON $1.5

1.43B

$

1.41B

$

1.33B

$

$1.25

1.17B

BILLIONS

$

1.06B

$

$1.0

2012

2013

2014

2015

2016

Source of all data contained in this report is the Vail Board of Realtors, Multiple Listing Service. Information is deemed reliable but not guaranteed.

Consult your Slifer Smith & Frampton Broker for more information. ©2017 Slifer Smith & Frampton Real Estate

2016 A N N UA L SL I FE R R E P O R T 6

2 016 VA I L VA L L E Y A R E A OV E R V I E W | S A L E S VO L U M E E AGLE VAIL , AVON, WILDRIDGE, MOUNTAIN STAR

E AST VAIL TO WEST VAIL

EAGLE VAIL, AVON, WILDRIDGE, MOUNTAIN STAR

EAST VAIL TO WEST VAIL $600

$200 559.3

$

536.1

$

$400

167.9

$

$150

456.6

$

131.2

$

115.8

$

$200

MILLIONS

MILLIONS

$100

$0

2014

2015

$0

2016

BE AVER CREEK MOUNTAIN (BC, BG, AH) $ 149.4 $ 134.0 CREEK MOUNTAIN (BC, BG, AH) BEAVER $ 118.2 $ $400 110.3

$50

2014

2015

2016

SINGLETREE, EDWARDS, HOMESTE AD, $ 158.2 $ L AKECREEK 149.4 $ 134.0 SINGLETREE,$ EDWARDS, HOMESTEAD, LK 118.2 $ 110.3 $200

158.2

$

369.4

$

335.2

$

$300

332.2

$

$150

$100 MILLIONS

MILLIONS

$200

$100

$0

2014

2015

2016

CORDILLER A 149.4

CORDILLERA

$100 134.0

$75

118.2

2014

75.9

82.5

$

134.0

118.2

$

110.3

$

$150 145.8

$

144.6

$

MILLIONS

$100

$25

$0

2014

2015

158.2

$

149.4

$

$

$

2016

$

EAGLE TO GYPSUM $200

110.3 $ 87.6

2015

E AGLE, GYPSUM

$50 MILLIONS

$0

158.2

$

$

$50

$

$

150.9

$

118.1

$

111.7

$

2016

101.1

$

$50

$0

2014

2015

2016

Source of all data contained in this report is the Vail Board of Realtors, Multiple Listing Service. Information is deemed reliable but not guaranteed.

Consult your Slifer Smith & Frampton Broker for more information. ©2017 Slifer Smith & Frampton Real Estate

158.2 $ 2016 149.4A N N UA L SL I FE R R E P O R T $

134.0

$

118.2

$

110.3

$

7

149.4

$

134.0

$

118.2

$

110.3

$

158.2

$

TRANSACTION VOLUME COMPARISONRESIDENTIAL OVER $5MILLION NUMBER OF TRANSACTIONS

40 37 35

34

30 27

20

2012

26

2013

2014

2015

2016

SALES VOLUME COMPARISONRESIDENTIAL OVER $5MILLION $350

$301.2M

MILLIONS

$250

$295.2M

$271.1M

$208.9M $182.7M

$150

2012

2013

2014

2015

2016

MOUNTAINLUXURYCOLLECTION.COM Source of all data contained in this report is the Vail Board of Realtors, Multiple Listing Service. Information is deemed reliable but not guaranteed.

Consult your Slifer Smith & Frampton Broker for more information. ©2017 Slifer Smith & Frampton Real Estate

2016 A N N UA L SL I FE R R E P O R T 8

$202

M

$200 2016 VAIL VALLEY LUXURY MARKET SHARE | TOP 8 COMPANIES RESIDENTIAL & L AND SALES VOLUME

MLS Data 01.01.2016 -12.31.16: Listed at $5M and above

$150

$100

$60M $42M $24M

$27M

$24M

$12M

$9M

RO SS N O BY C R IA N TE E S A

SSF

&

EB LI Y’ V S SO TH

ES EN TA TE TE R

AL

C

VA I

L

RE

VO EN L K GE ER L S &

B H ER AT K H SH AW IR AY E

V A L IL L ES AG TA ES TE RE

A L SO ES L A TA RIS TE

$0

RE

MILLIONS

$50

Source of all data contained in this report is the Vail Board of Realtors, Multiple Listing Service. Information is deemed reliable but not guaranteed.

Consult your Slifer Smith & Frampton Broker for more information. ©2017 Slifer Smith & Frampton Real Estate

2016 A N N UA L SL I FE R R E P O R T 9

VAIL VILLAGE & LIONSHEAD S I N G L E - FA M I LY/ D U P L E X SALES VOLUME

NO. OF SALES

AVER AGE DAYS ON MARKET

AVER AGE SALE

MEDIAN SALE

2012

$79,340,000

11

437

$7,212,727

$7,500,000

2013

$48,350,000

7

347

$6,907,143

$6,200,000

2014

$130,753,000

13

311

$10,057,923

$7,925,000

2015

$93,945,000

10

296

$9,394,500

$9,250,000

2016

$67,591,000

7

299

$9,655,857

$8,066,000

SALES VOLUME

NO. OF SALES

AVER AGE DAYS ON MARKET

AVER AGE SALE

MEDIAN SALE

2012

$182,315,850

82

391

$2,223,364

$1,785,000

2013

$164,187,532

78

401

$2,104,968

$1,353,000

2014

$237,746,300

86

370

$2,764,492

$1,925,000

2015

$233,298,708

92

448

$2,535,856

$1,730,000

2016

$131,559,717

69

357

$1,906,663

$1,462,750

CONDOMINIUM/ TOWNHOME

P R I C E P E R S Q UA R E F O O T C O M PA R I S O N SINGLE- FAMILY/DUPLE X AVERAGE:

2012

2013

2014

2015

$1,537

$1,611

$1,833

$1,853

CONDOMINIUM/ TOWNHOME

2016

$1,992 AVERAGE:

2012

2013

2014

2015

2016

$1,255

$1,232

$1,371

$1,389

$1,339

SALE PRICE VS LIST PRICE SINGLE- FAMILY/DUPLE X AVERAGE OF SALE PRICE/LAST LISTED PRICE:

CONDOMINIUM/ TOWNHOME

90.79%

AVERAGE OF SALE PRICE/LAST LISTED PRICE:

92.43%

Source of all data contained in this report is the Vail Board of Realtors, Multiple Listing Service. Information is deemed reliable but not guaranteed.

Consult your Slifer Smith & Frampton Broker for more information. ©2017 Slifer Smith & Frampton Real Estate

2016 A N N UA L SL I FE R R E P O R T 10

VAIL GOLF COURSE, SPRADDLE CREEK & CASCADE VILLAGE S I N G L E - FA M I LY/ D U P L E X SALES VOLUME

NO. OF SALES

AVER AGE DAYS ON MARKET

AVER AGE SALE

MEDIAN SALE

2012

$37,831,500

11

463

$3,439,227

$3,425,000

2013

$15,507,500

5

479

$3,101,500

$2,950,000

2014

$15,725,000

4

484

$3,931,250

$3,975,000

2015

$11,350,000

5

358

$2,270,000

$1,700,000

2016

$44,745,000

9

609

$4,971,667

$3,750,000

SALES VOLUME

NO. OF SALES

AVER AGE DAYS ON MARKET

AVER AGE SALE

MEDIAN SALE

2012

$13,729,250

10

284

$1,372,925

$1,400,000

2013

$16,215,000

14

227

$1,158,214

$1,107,500

2014

$17,756,750

14

320

$1,268,339

$1,243,500

2015

$15,450,000

12

112

$1,287,500

$1,352,500

2016

$19,883,000

15

262

$1,325,533

$1,350,000

CONDOMINIUM/ TOWNHOME

P R I C E P E R S Q UA R E F O O T C O M PA R I S O N SINGLE- FAMILY/DUPLE X AVERAGE:

CONDOMINIUM/ TOWNHOME

2012

2013

2014

2015

2016

2012

2013

2014

2015

2016

$810

$762

$817

$669

$936 AVERAGE:

$642

$625

$691

$713

$734

SALE PRICE VS LIST PRICE SINGLE- FAMILY/DUPLE X AVERAGE OF SALE PRICE/LAST LISTED PRICE:

CONDOMINIUM/ TOWNHOME

96.84%

AVERAGE OF SALE PRICE/LAST LISTED PRICE:

93.98%

Source of all data contained in this report is the Vail Board of Realtors, Multiple Listing Service. Information is deemed reliable but not guaranteed.

Consult your Slifer Smith & Frampton Broker for more information. ©2017 Slifer Smith & Frampton Real Estate

2016 A N N UA L SL I FE R R E P O R T 11

VAIL - ALL OTHER AREAS S I N G L E - FA M I LY/ D U P L E X SALES VOLUME

NO. OF SALES

AVER AGE DAYS ON MARKET

AVER AGE SALE

MEDIAN SALE

2012

$60,687,018

44

227

$1,379,250

$1,106,250

2013

$63,007,303

39

182

$1,615,572

$1,550,000

2014

$85,176,790

51

197

$1,670,133

$1,298,200

2015

$104,371,550

56

173

$1,863,778

$1,391,000

2016

$123,264,745

76

146

$1,621,905

$1,397,000

SALES VOLUME

NO. OF SALES

AVER AGE DAYS ON MARKET

AVER AGE SALE

MEDIAN SALE

2012

$52,358,350

124

208

$422,245

$394,150

2013

$51,599,402

114

118

$452,626

$395,000

2014

$51,543,600

107

135

$481,716

$435,000

2015

$59,372,515

118

83

$503,157

$459,500

2016

$63,205,591

115

112

$549,614

$514,000

CONDOMINIUM/ TOWNHOME

P R I C E P E R S Q UA R E F O O T C O M PA R I S O N SINGLE- FAMILY/DUPLE X AVERAGE:

CONDOMINIUM/ TOWNHOME

2012

2013

2014

2015

2016

2012

2013

2014

2015

2016

$423

$487

$480

$514

$514 AVERAGE:

$351

$387

$410

$448

$472

SALE PRICE VS LIST PRICE SINGLE- FAMILY/DUPLE X AVERAGE OF SALE PRICE/LAST LISTED PRICE:

CONDOMINIUM/ TOWNHOME

93.26%

AVERAGE OF SALE PRICE/LAST LISTED PRICE:

96.07%

Source of all data contained in this report is the Vail Board of Realtors, Multiple Listing Service. Information is deemed reliable but not guaranteed.

Consult your Slifer Smith & Frampton Broker for more information. ©2017 Slifer Smith & Frampton Real Estate

2016 A N N UA L SL I FE R R E P O R T 12

EAGLE-VAIL S I N G L E - FA M I LY/ D U P L E X SALES VOLUME

NO. OF SALES

AVER AGE DAYS ON MARKET

AVER AGE SALE

MEDIAN SALE

2012

$17,386,670

35

115

$496,762

$435,000

2013

$15,720,000

28

103

$561,429

$550,000

2014

$19,199,700

29

115

$662,059

$600,000

2015

$18,776,000

26

93

$722,154

$650,000

2016

$31,282,764

38

51

$823,231

$785,107

SALES VOLUME

NO. OF SALES

AVER AGE DAYS ON MARKET

AVER AGE SALE

MEDIAN SALE

2012

$9,555,800

37

129

$258,265

$255,000

2013

$11,710,776

36

122

$325,299

$303,750

2014

$11,119,000

28

64

$397,107

$365,500

2015

$20,406,715

50

63

$408,134

$377,500

2016

$25,298,139

58

55

$436,175

$417,000

CONDOMINIUM/ TOWNHOME

P R I C E P E R S Q UA R E F O O T C O M PA R I S O N SINGLE- FAMILY/DUPLE X AVERAGE:

CONDOMINIUM/ TOWNHOME

2012

2013

2014

2015

2016

2012

2013

2014

2015

2016

$217

$243

$274

$279

$300 AVERAGE:

$188

$227

$242

$302

$321

SALE PRICE VS LIST PRICE SINGLE- FAMILY/DUPLE X AVERAGE OF SALE PRICE/LAST LISTED PRICE:

CONDOMINIUM/ TOWNHOME

95.71%

AVERAGE OF SALE PRICE/LAST LISTED PRICE:

96.95%

Source of all data contained in this report is the Vail Board of Realtors, Multiple Listing Service. Information is deemed reliable but not guaranteed.

Consult your Slifer Smith & Frampton Broker for more information. ©2017 Slifer Smith & Frampton Real Estate

2016 A N N UA L SL I FE R R E P O R T 13

AVON & WILDRIDGE S I N G L E - FA M I LY/ D U P L E X SALES VOLUME

NO. OF SALES

AVER AGE DAYS ON MARKET

AVER AGE SALE

MEDIAN SALE

2012

$19,913,000

30

203

$663,767

$630,000

2013

$15,955,500

22

130

$725,250

$635,000

2014

$22,525,400

28

98

$804,479

$705,000

2015

$22,668,250

27

150

$839,565

$770,000

2016

$24,447,996

25

115

$977,920

$840,000

SALES VOLUME

NO. OF SALES

AVER AGE DAYS ON MARKET

AVER AGE SALE

MEDIAN SALE

2012

$30,815,150

102

166

$302,109

$265,000

2013

$40,549,253

107

187

$378,968

$307,500

2014

$52,443,898

127

124

$412,944

$325,000

2015

$45,904,398

104

95

$441,388

$348,000

2016

$79,439,479

152

146

$522,628

$392,500

CONDOMINIUM/ TOWNHOME

P R I C E P E R S Q UA R E F O O T C O M PA R I S O N SINGLE- FAMILY/DUPLE X AVERAGE:

CONDOMINIUM/ TOWNHOME

2012

2013

2014

2015

2016

2012

2013

2014

2015

2016

$209

$248

$243

$281

$319 AVERAGE:

$269

$318

$334

$387

$440

SALE PRICE VS LIST PRICE SINGLE- FAMILY/DUPLE X AVERAGE OF SALE PRICE/LAST LISTED PRICE:

CONDOMINIUM/ TOWNHOME

93.43%

AVERAGE OF SALE PRICE/LAST LISTED PRICE:

96.46%

Source of all data contained in this report is the Vail Board of Realtors, Multiple Listing Service. Information is deemed reliable but not guaranteed.

Consult your Slifer Smith & Frampton Broker for more information. ©2017 Slifer Smith & Frampton Real Estate

2016 A N N UA L SL I FE R R E P O R T 14

M O U N TA I N S TA R S I N G L E - FA M I LY/ D U P L E X SALES VOLUME

NO. OF SALES

AVER AGE DAYS ON MARKET

AVER AGE SALE

MEDIAN SALE

2012

$16,050,000

4

357

$4,012,500

$3,825,000

2013

N/A

N/A

N/A

N/A

N/A

2014

$8,700,000

3

521

$2,900,000

$2,500,000

2015

$18,245,000

3

407

$6,081,667

$5,995,000

2016

$3,450,000

1

250

$3,450,000

$3,450,000

P R I C E P E R S Q UA R E F O O T C O M PA R I S O N SINGLE- FAMILY/DUPLE X AVERAGE:

2012

2013

2014

2015

2016

$499

N/A

$554

$742

$521

SALE PRICE VS LIST PRICE SINGLE- FAMILY/DUPLE X AVERAGE OF SALE PRICE/LAST LISTED PRICE:

86.36%

Source of all data contained in this report is the Vail Board of Realtors, Multiple Listing Service. Information is deemed reliable but not guaranteed.

Consult your Slifer Smith & Frampton Broker for more information. ©2017 Slifer Smith & Frampton Real Estate

2016 A N N UA L SL I FE R R E P O R T 15

BE AVER CREEK S I N G L E - FA M I LY/ D U P L E X SALES VOLUME

NO. OF SALES

AVER AGE DAYS ON MARKET

AVER AGE SALE

MEDIAN SALE

2012

$73,658,500

19

248

$3,876,763

$3,550,000

2013

$39,175,000

11

257

$3,561,364

$3,850,000

2014

$41,745,000

11

302

$3,795,000

$3,200,000

2015

$82,590,000

17

460

$4,858,235

$5,120,000

2016

$50,899,250

13

302

$3,915,327

$3,300,000

SALES VOLUME

NO. OF SALES

AVER AGE DAYS ON MARKET

AVER AGE SALE

MEDIAN SALE

2012

$108,120,279

63

318

$1,716,195

$1,028,000

2013

$76,038,500

61

325

$1,246,533

$930,000

2014

$102,666,049

76

337

$1,350,869

$1,122,500

2015

$76,645,900

60

248

$1,277,432

$965,000

2016

$120,419,360

83

299

$1,450,836

$1,137,500

CONDOMINIUM/ TOWNHOME

P R I C E P E R S Q UA R E F O O T C O M PA R I S O N SINGLE- FAMILY/DUPLE X AVERAGE:

CONDOMINIUM/ TOWNHOME

2012

2013

2014

2015

2016

2012

2013

2014

2015

2016

$614

$630

$617

$753

$713 AVERAGE:

$705

$660

$697

$684

$732

SALE PRICE VS LIST PRICE SINGLE- FAMILY/DUPLE X AVERAGE OF SALE PRICE/LAST LISTED PRICE:

CONDOMINIUM/ TOWNHOME

92.06%

AVERAGE OF SALE PRICE/LAST LISTED PRICE:

92.98%

Source of all data contained in this report is the Vail Board of Realtors, Multiple Listing Service. Information is deemed reliable but not guaranteed.

Consult your Slifer Smith & Frampton Broker for more information. ©2017 Slifer Smith & Frampton Real Estate

2016 A N N UA L SL I FE R R E P O R T 16

B AC H E LO R G U LC H V I L L AG E S I N G L E - FA M I LY/ D U P L E X SALES VOLUME

NO. OF SALES

AVER AGE DAYS ON MARKET

AVER AGE SALE

MEDIAN SALE

2012

$65,285,000

8

251

$8,160,625

$7,825,000

2013

$73,830,000

12

529

$6,152,500

$5,285,000

2014

$48,412,000

7

382

$6,916,000

$7,295,000

2015

$19,657,500

2

622

$9,848,750

$9,848,750

2016

$45,992,875

8

361

$5,749,109

$5,487,500

SALES VOLUME

NO. OF SALES

AVER AGE DAYS ON MARKET

AVER AGE SALE

MEDIAN SALE

2012

$32,432,500

18

175

$1,801,806

$1,475,000

2013

$31,246,800

17

378

$1,838,047

$1,576,800

2014

$58,047,500

24

262

$2,418,646

$2,208,500

2015

$56,693,400

35

189

$1,619,811

$1,399,900

2016

$47,097,600

23

282

$2,047,722

$2,000,000

CONDOMINIUM/ TOWNHOME

P R I C E P E R S Q UA R E F O O T C O M PA R I S O N SINGLE- FAMILY/DUPLE X AVERAGE:

CONDOMINIUM/ TOWNHOME

2012

2013

2014

2015

2016

2012

2013

2014

2015

2016

$912

$848

$901

$974

$818 AVERAGE:

$765

$746

$876

$858

$858

SALE PRICE VS LIST PRICE SINGLE- FAMILY/DUPLE X AVERAGE OF SALE PRICE/LAST LISTED PRICE:

CONDOMINIUM/ TOWNHOME

93.82%

AVERAGE OF SALE PRICE/LAST LISTED PRICE:

93.90%

Source of all data contained in this report is the Vail Board of Realtors, Multiple Listing Service. Information is deemed reliable but not guaranteed.

Consult your Slifer Smith & Frampton Broker for more information. ©2017 Slifer Smith & Frampton Real Estate

2016 A N N UA L SL I FE R R E P O R T 17

ARROWHE AD S I N G L E - FA M I LY/ D U P L E X SALES VOLUME

NO. OF SALES

AVER AGE DAYS ON MARKET

AVER AGE SALE

MEDIAN SALE

2012

$78,311,406

32

322

$2,447,231

$1,962,500

2013

$56,762,714

29

253

$1,957,335

$1,780,000

2014

$54,229,933

24

348

$2,582,378

$2,458,333

2015

$99,168,816

35

200

$2,833,395

$2,350,000

2016

$41,794,500

18

116

$2,321,917

$1,816,250

SALES VOLUME

NO. OF SALES

AVER AGE DAYS ON MARKET

AVER AGE SALE

MEDIAN SALE

2012

$13,039,500

15

473

$869,300

$620,000

2013

$17,713,300

19

256

$932,279

$600,000

2014

$30,105,500

36

192

$836,264

$710,000

2015

$30,661,075

32

180

$958,159

$859,000

2016

$24,392,700

24

177

$1,016,363

$911,500

CONDOMINIUM/ TOWNHOME

P R I C E P E R S Q UA R E F O O T C O M PA R I S O N SINGLE- FAMILY/DUPLE X AVERAGE:

CONDOMINIUM/ TOWNHOME

2012

2013

2014

2015

2016

2012

2013

2014

2015

2016

$466

$436

$478

$555

$533 AVERAGE:

$479

$483

$489

$569

$573

SALE PRICE VS LIST PRICE SINGLE- FAMILY/DUPLE X AVERAGE OF SALE PRICE/LAST LISTED PRICE:

CONDOMINIUM/ TOWNHOME

93.55%

AVERAGE OF SALE PRICE/LAST LISTED PRICE:

94.06%

Source of all data contained in this report is the Vail Board of Realtors, Multiple Listing Service. Information is deemed reliable but not guaranteed.

Consult your Slifer Smith & Frampton Broker for more information. ©2017 Slifer Smith & Frampton Real Estate

2016 A N N UA L SL I FE R R E P O R T 18

EDWARDS, HOMESTEAD & LAKE CREEK S I N G L E - FA M I LY/ D U P L E X SALES VOLUME

NO. OF SALES

AVER AGE DAYS ON MARKET

AVER AGE SALE

MEDIAN SALE

2012

$29,419,400

32

160

$919,356

$643,750

2013

$42,240,300

41

229

$1,030,251

$715,000

2014

$44,911,521

36

233

$1,247,542

$747,500

2015

$42,874,766

38

151

$1,128,283

$841,500

2016

$48,191,362

35

209

$1,376,896

$1,017,500

SALES VOLUME

NO. OF SALES

AVER AGE DAYS ON MARKET

AVER AGE SALE

MEDIAN SALE

2012

$14,569,821

52

88

$280,189

$255,750

2013

$18,422,800

51

182

$361,231

$340,000

2014

$24,720,630

66

69

$374,555

$333,500

2015

$26,296,850

68

49

$386,718

$377,000

2016

$37,628,101

85

66

$442,684

$400,000

CONDOMINIUM/ TOWNHOME

P R I C E P E R S Q UA R E F O O T C O M PA R I S O N SINGLE- FAMILY/DUPLE X AVERAGE:

CONDOMINIUM/ TOWNHOME

2012

2013

2014

2015

2016

2012

2013

2014

2015

2016

$274

$274

$324

$306

$331 AVERAGE:

$212

$253

$272

$287

$317

SALE PRICE VS LIST PRICE SINGLE- FAMILY/DUPLE X AVERAGE OF SALE PRICE/LAST LISTED PRICE:

CONDOMINIUM/ TOWNHOME

94.12%

AVERAGE OF SALE PRICE/LAST LISTED PRICE:

97.24%

Source of all data contained in this report is the Vail Board of Realtors, Multiple Listing Service. Information is deemed reliable but not guaranteed.

Consult your Slifer Smith & Frampton Broker for more information. ©2017 Slifer Smith & Frampton Real Estate

2016 A N N UA L SL I FE R R E P O R T 19

SINGLETREE S I N G L E - FA M I LY/ D U P L E X SALES VOLUME

NO. OF SALES

AVER AGE DAYS ON MARKET

AVER AGE SALE

MEDIAN SALE

2012

$30,480,703

43

151

$708,854

$648,900

2013

$40,802,100

46

141

$887,002

$772,500

2014

$36,758,890

44

161

$835,429

$770,000

2015

$36,512,275

41

107

$890,543

$819,000

2016

$59,311,500

53

123

$1,119,085

$995,000

SALES VOLUME

NO. OF SALES

AVER AGE DAYS ON MARKET

AVER AGE SALE

MEDIAN SALE

2012

$3,356,000

8

328

$419,500

$365,000

2013

$2,982,500

6

135

$497,083

$457,250

2014

$1,504,000

3

72

$501,333

$499,000

2015

$2,467,200

5

51

$493,440

$445,000

2016

$4,312,500

7

53

$616,071

$621,000

CONDOMINIUM/ TOWNHOME

P R I C E P E R S Q UA R E F O O T C O M PA R I S O N SINGLE- FAMILY/DUPLE X AVERAGE:

CONDOMINIUM/ TOWNHOME

2012

2013

2014

2015

2016

2012

2013

2014

2015

2016

$238

$274

$271

$322

$319 AVERAGE:

$240

$244

$326

$293

$326

SALE PRICE VS LIST PRICE SINGLE- FAMILY/DUPLE X AVERAGE OF SALE PRICE/LAST LISTED PRICE:

CONDOMINIUM/ TOWNHOME

95.19%

AVERAGE OF SALE PRICE/LAST LISTED PRICE:

94.62%

Source of all data contained in this report is the Vail Board of Realtors, Multiple Listing Service. Information is deemed reliable but not guaranteed.

Consult your Slifer Smith & Frampton Broker for more information. ©2017 Slifer Smith & Frampton Real Estate

2016 A N N UA L SL I FE R R E P O R T 20

CORDILLERA S I N G L E - FA M I LY/ D U P L E X SALES VOLUME

NO. OF SALES

AVER AGE DAYS ON MARKET

AVER AGE SALE

MEDIAN SALE

2012

$36,456,750

24

314

$1,519,031

$1,240,000

2013

$69,804,000

45

281

$1,551,200

$1,310,000

2014

$72,059,650

40

261

$1,801,491

$1,617,500

2015

$81,497,900

44

326

$1,852,225

$1,781,250

2016

$78,800,800

44

385

$1,790,927

$1,680,000

SALES VOLUME

NO. OF SALES

AVER AGE DAYS ON MARKET

AVER AGE SALE

MEDIAN SALE

2012

N/A

N/A

N/A

N/A

N/A

2013

N/A

N/A

N/A

N/A

N/A

2014

N/A

N/A

N/A

N/A

N/A

2015

N/A

N/A

N/A

N/A

N/A

2016

N/A

N/A

N/A

N/A

N/A

CONDOMINIUM/ TOWNHOME

P R I C E P E R S Q UA R E F O O T C O M PA R I S O N SINGLE- FAMILY/DUPLE X AVERAGE:

CONDOMINIUM/ TOWNHOME

2012

2013

2014

2015

2016

2012

2013

2014

2015

2016

$281

$307

$326

$343

$333 AVERAGE:

N/A

N/A

N/A

N/A

N/A

SALE PRICE VS LIST PRICE SINGLE- FAMILY/DUPLE X AVERAGE OF SALE PRICE/LAST LISTED PRICE:

CONDOMINIUM/ TOWNHOME

93.29%

AVERAGE OF SALE PRICE/LAST LISTED PRICE:

N/A

Source of all data contained in this report is the Vail Board of Realtors, Multiple Listing Service. Information is deemed reliable but not guaranteed.

Consult your Slifer Smith & Frampton Broker for more information. ©2017 Slifer Smith & Frampton Real Estate

2016 A N N UA L SL I FE R R E P O R T 21

SINGLETREE S I N G L E - FA M I LY/ D U P L E X SALES VOLUME

NO. OF SALES

AVER AGE DAYS ON MARKET

AVER AGE SALE

MEDIAN SALE

2012

$13,942,000

13

225

$1,072,462

$775,000

2013

$5,101,500

5

399

$1,020,300

$949,000

2014

$8,175,000

3

251

$2,725,000

$2,525,000

2015

$7,479,000

5

328

$1,495,800

$1,000,000

2016

$11,351,387

9

199

$1,261,265

$1,100,000

P R I C E P E R S Q UA R E F O O T C O M PA R I S O N SINGLE- FAMILY/DUPLE X AVERAGE:

2012

2013

2014

2015

2016

$215

$216

$490

$308

$292

SALE PRICE VS LIST PRICE SINGLE- FAMILY/DUPLE X AVERAGE OF SALE PRICE/LAST LISTED PRICE:

92.36%

Source of all data contained in this report is the Vail Board of Realtors, Multiple Listing Service. Information is deemed reliable but not guaranteed.

Consult your Slifer Smith & Frampton Broker for more information. ©2017 Slifer Smith & Frampton Real Estate

2016 A N N UA L SL I FE R R E P O R T 22

E AGLE & E AGLE R ANCH S I N G L E - FA M I LY/ D U P L E X SALES VOLUME

NO. OF SALES

AVER AGE DAYS ON MARKET

AVER AGE SALE

MEDIAN SALE

2012

$55,706,009

125

133

$445,648

$369,500

2013

$54,273,260

108

99

$502,530

$423,500

2014

$44,319,714

83

91

$533,972

$480,000

2015

$68,274,140

112

99

$609,591

$549,750

2016

$67,581,509

101

63

$669,124

$605,000

SALES VOLUME

NO. OF SALES

AVER AGE DAYS ON MARKET

AVER AGE SALE

MEDIAN SALE

2012

$8,534,175

48

90

$177,795

$172,500

2013

$7,392,625

32

61

$231,020

$227,500

2014

$14,862,613

53

98

$280,427

$290,000

2015

$18,200,465

58

64

$313,801

$306,000

2016

$26,083,609

79

59

$330,172

$325,000

CONDOMINIUM/ TOWNHOME

P R I C E P E R S Q UA R E F O O T C O M PA R I S O N SINGLE- FAMILY/DUPLE X AVERAGE:

CONDOMINIUM/ TOWNHOME

2012

2013

2014

2015

2016

2012

2013

2014

2015

2016

$156

$170

$185

$207

$208 AVERAGE:

$128

$160

$194

$213

$228

SALE PRICE VS LIST PRICE SINGLE- FAMILY/DUPLE X AVERAGE OF SALE PRICE/LAST LISTED PRICE:

CONDOMINIUM/ TOWNHOME

96.82%

AVERAGE OF SALE PRICE/LAST LISTED PRICE:

97.98%

Source of all data contained in this report is the Vail Board of Realtors, Multiple Listing Service. Information is deemed reliable but not guaranteed.

Consult your Slifer Smith & Frampton Broker for more information. ©2017 Slifer Smith & Frampton Real Estate

2016 A N N UA L SL I FE R R E P O R T 23

GYPSUM S I N G L E - FA M I LY/ D U P L E X SALES VOLUME

NO. OF SALES

AVER AGE DAYS ON MARKET

AVER AGE SALE

MEDIAN SALE

2012

$34,412,911

122

99

$282,073

$254,500

2013

$18,229,545

71

36

$256,754

$246,000

2014

$27,528,389

83

55

$331,667

$328,000

2015

$38,568,285

93

63

$414,713

$389,000

2016

$33,480,234

81

67

$413,336

$395,000

SALES VOLUME

NO. OF SALES

AVER AGE DAYS ON MARKET

AVER AGE SALE

MEDIAN SALE

2012

$2,986,900

29

48

$102,997

$100,000

2013

$1,256,590

10

25

$125,659

$120,300

2014

$4,206,500

12

48

$350,542

$173,500

2015

$3,714,900

16

40

$232,181

$252,500

2016

$5,372,101

20

66

$268,605

$265,000

CONDOMINIUM/ TOWNHOME

P R I C E P E R S Q UA R E F O O T C O M PA R I S O N SINGLE- FAMILY/DUPLE X AVERAGE:

CONDOMINIUM/ TOWNHOME

2012

2013

2014

2015

2016

$121

$131

$166

$191

$206 AVERAGE:

2012

2013

2014

2015

2016

$76

$96

$136

$167

$200

SALE PRICE VS LIST PRICE SINGLE- FAMILY/DUPLE X AVERAGE OF SALE PRICE/LAST LISTED PRICE:

CONDOMINIUM/ TOWNHOME

98.69%

AVERAGE OF SALE PRICE/LAST LISTED PRICE:

101.6%

Source of all data contained in this report is the Vail Board of Realtors, Multiple Listing Service. Information is deemed reliable but not guaranteed.

Consult your Slifer Smith & Frampton Broker for more information. ©2017 Slifer Smith & Frampton Real Estate

2016 A N N UA L SL I FE R R E P O R T 24

2015 VAIL VALLE Y L AND OVERVIEW TRANSACTION VOLUME COMPARISON 160 151

NUMBER OF TRANSACTIONS

127

126 111

100

83

40

2012

2013

2014

2015

2016

SALES VOLUME COMPARISON $60 57.1M

$

$40

40.6M

$

34.5M

MILLIONS

$

30.3M

$

25.4M

$

$20

2012

2013

2014

2015

2016

Source of all data contained in this report is the Vail Board of Realtors, Multiple Listing Service. Information is deemed reliable but not guaranteed.

Consult your Slifer Smith & Frampton Broker for more information. ©2017 Slifer Smith & Frampton Real Estate

2016 A N N UA L SL I FE R R E P O R T 25

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Source of all data contained in this report is the Vail Board of Realtors, Multiple Listing Service. Information is deemed reliable but not guaranteed.

Consult your Slifer Smith & Frampton Broker for more information. Š2017 Slifer Smith & Frampton Real Estate

2016 A N N UA L SL I FE R R E P O R T 26

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