The 2021 Slifer Report – Vail Valley

THE SLIFER REPORT Vail Valley Real Estate 2020 Annual Market Review

2 0 2 0 | VA I L VA L L E Y, C O L O R A D O

TA B L E O F CO N T E N T S Reflecting Back on 2020........................................... 3 2020 Vail Valley Overview........................................ 4 2020 Vail Valley Luxury Overview........................ 5

EAST

>>>

WEST

Vail Village & Lionshead............................................. 6 Vail Golf Course, Spraddle Creek & Cascade Village.......................................................... 7 East Vail & Booth Creek............................................. 8 West Vail, Sandstone & Lionsridge....................... 9 Minturn & Red Cliff...................................................... 10 EagleVail............................................................................. 11 Avon & Wildridge..........................................................12 Mountain Star.................................................................13 Beaver Creek.................................................................. 14 Bachelor Gulch Village...............................................15 Arrowhead...................................................................... 16 Edwards & Homestead..............................................17 Singletree......................................................................... 18 Cordillera, Cordillera Valley Club & Timber Springs......................................................... 19 Wolcott, Bellyache & Red Sky Ranch............... 20 Eagle & Eagle Ranch...................................................21 Gypsum, Cotton Ranch & Buckhorn Valley....22 >>>

2020 Land Overview.................................................23 Local Company, Global Reach..............................24 SSF Summit County Market Share.....................25 SSF Colorado Map...............................................26-27

REFLECTING BACK EMERGING BUYER AND SELLER TRENDS AS OUR COUNTRY RECOVERS

REAL ESTATE 2020 The Vail Valley has become the natural fit for many longing for a life in the mountains.

clients so communications could all be handled virtually. More and more, buyers and sellers want to handle transactions this way – via email, video chat and virtual showings. Open houses, and even private showings, have occupancy caps, as well as hand sanitizer and mask requirements. We know the desire for in-person showings isn’t going anywhere but we’re equipped virtually whenever needed.

Since March, the coronavirus pandemic has changed nearly everything about our way of life. No surprise, it’s also changed the real estate industry. What buyers are looking for in a home and what sellers are expecting when they put their house on the market is quite different than it was a year ago.

In the Colorado mountains, we’ve seen an influx of people looking for an escape. Now that many can work from anywhere, buyers are leaving their metropolitan lifestyles for mountain town living, a place where they can spend time outdoors and meet their needs a little closer to home. They’re looking for home offices and turning to technology more than ever before to feel safe, comfortable, and entertained.

SSF continued our growth throughout the year, hiring 24 new brokers and 17 new staff members company-wide. We created a New Development Sales Division that proved successful with its 14 active developments and the acquisition of the largest ski resort development in North America. Our Roaring Fork Valley brokers increased SSF’s market share in the first full year since joining in 2019. The communities we do business in mean the world to us and we’re grateful to have been able to give $287K to meaningful organizations through our charitable foundations.

We’ve expanded into Denver, connecting our clients from DIA to Aspen.

Buyer demand from the Front Range and out-of-state has led to record sales.

Compared to last year, sales volume in Eagle County is up by 52%. As a company, we shattered all sales records in our 60-year history, while adapting to working remotely and providing service in new ways. For the first time, SSF reached $3.6 billion in sales.

Rounding the year out, Slifer Smith & Frampton announced a new partnership with Forbes Global Properties, becoming a partial owner in this brand new and exclusive real estate marketplace. This designation allows us to leverage our ability to connect with the world’s finest homes, the brokers that represent them, and high net worth clients. We are beyond excited to be joining an exceptional global brand, extending an elevated reputation and unsurpassed quality to our brokers and clients alike.

How we work with each other and with our clients has changed as well. In March, as offices were shutting down across the country, SSF acted fast. Our teams collaborated to ramp up training and development programs, and to keep each other engaged and informed. We set up a remote infrastructure for our employees and

“COMPARED TO LAST YEAR, SALES VOLUME IN EAGLE COUNTY IS UP 52% . ACROSS ALL DIVISIONS, SSFRE REACHED $3.6B IN SALES, SHATTERING EVERY SALES RECORD IN OUR 60 YEAR HISTORY” — Source: VAIL MLS 2020

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. ©2021 Slifer Smith & Frampton Real Estate

2 0 2 0 A N N UA L S L I F E R R E P O R T

3

2020 VAIL VALLEY OVERVIEW T R A N SAC T I O N VO LU M E CO M PA R I S O N 1,800

NO. OF TRANSACTIONS

1,600 1,400 1,200 1,000 800 600 400 200 0

1,493

1,530

1,476

1,513

1,933

2016

2017

2018

2019

2020

SA L E S VO LU M E CO M PA R I S O N $2.8B $2.4B $2B $1.6B

$1,804,236,649

$2,783,158,685

0

$1,766,933,374

$0.4B

$1,612,002,861

$0.8B

$1,413,527,918

$1.2B

2016

2017

2018

2019

2020

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. ©2021 Slifer Smith & Frampton Real Estate

*Data gathered is from2Land 0 2 0 and A N NResidential UA L S L I F Esales R R Efrom P O R1.1 T through 12.31 of each year.

4 SLIFER REPORT 2020 ANNUAL

2020 VAIL VALLEY LUXURY OVERVIEW

LUXU RY T R A N SAC T I O N S VO LU M E CO M PA R I S O N

NO. OF TRANSACTIONS

120 110 100

105

90 80 70

67

60 50 40

56

62

42

30 20 10 0 2016

2017

2018

2019

2020

LUXU RY SA L E S VO LU M E CO M PA R I S O N $800M

$600M

$510,459,250

$453,188,916

$830,254,730

0

$399,371,000

$200M

$280,002,842

$400M

2016

2017

2018

2019

2020

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. ©2021 Slifer Smith & Frampton Real Estate

M O U N TA I N LUXU RYCO L L E C T I O N .CO M 2 0 2 0 A N N UA L S L I F E R R E P O R T

*Data gathered is from Residential sales over 5 $4million from 1.1 through 12.31 of each year.

2020 ANNUAL SLIFER REPORT

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

NO. OF SALES

AVG. DAYS ON MARKET

AVG. SALE

MEDIAN SALE

2016

$67,591,000

7

299

$9,655,857

$8,066,000

2017

$61,775,000

5

423

$12,355,000

$12,425,000

2018

$135,465,000

12

219

$11,288,750

$9,525,000

2019

$62,957,500

5

518

$12,591,500

$12,000,000

2020

$203,183,680

13

221

$15,629,513

$11,900,000

The highest sale was a single-family home for $29.7M

CO N D O M I N I U M / TOW N H O M E SALES VOLUME

NO. OF SALES

AVG. DAYS ON MARKET

AVG. SALE

MEDIAN SALE

2016

$131,559,717

69

357

$1,906,663

$1,462,750

2017

$206,268,000

73

321

$2,825,589

$2,150,000

2018

$271,696,250

90

260

$3,018,847

$2,190,000

2019

$229,842,300

80

266

$2,873,029

$2,075,000

2020

$338,543,300

101

279

$3,351,914

$2,600,000

2020 breakdown: 51 in Vail Village | 49 in Lionshead

AV E R AG E P R I C E P E R S Q UA R E F O OT S I N G L E - FA M I LY/ D U P L E X

C O N D O M I N I U M / TOW N H O M E

2016

2017

2018

2019

2020

2016

2017

2018

2019

2020

$1,992

$2,103

$2,148

$2,520

$2,751

$1,339

$1,721

$1,739

$1,576

$1,709

SA L E P R I C E VS L I ST P R I C E CO M PA R I S O N S I N G L E - FA M I LY/ D U P L E X AVERAGE OF SALE PRICE/LAST LISTED PRICE

C O N D O M I N I U M / TOW N H O M E

94% AVERAGE OF SALE PRICE/LAST LISTED PRICE

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. ©2021 Slifer Smith & Frampton Real Estate

0 2 0 Residential A N N UA L Ssales L I F E from R R E 1.1 P Othrough RT *Data gathered is2from 12.31 of each year.

6 2020 ANNUAL SLIFER REPORT

94%

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

AVG. DAYS ON MARKET

AVG. SALE

MEDIAN SALE

2016

$44,745,000

9

609

$4,971,667

$3,750,000

2017

$48,809,000

14

221

$3,486,357

$3,025,000

2018

$69,438,750

11

285

$6,312,614

$6,093,750

2019

$115,926,788

15

201

$7,728,453

$4,700,000

2020

$58,321,125

8

213

$7,290,141

$7,351,563

CO N D O M I N I U M / TOW N H O M E SALES VOLUME

NO. OF SALES

AVG. DAYS ON MARKET

AVG. SALE

MEDIAN SALE

2016

$19,883,000

15

262

$1,325,533

$1,350,000

2017

$21,572,000

13

182

$1,659,385

$1,900,000

2018

$3,369,000

3

106

$1,123,000

$700,000

2019

$27,061,500

16

99

$1,691,344

$1,937,500

2020

$33,175,000

20

133

$1,658,760

$1,425,000

Average sale price has increased by 24% since 2016

AV E R AG E P R I C E P E R S Q UA R E F O OT C O N D O M I N I U M / TOW N H O M E

S I N G L E - FA M I LY/ D U P L E X 2016

2017

2018

2019

2020

2016

2017

2018

2019

2020

$936

$969

$1,206

$1,468

$1,675

$734

$844

$722

$840

$889

SA L E P R I C E VS L I ST P R I C E CO M PA R I S O N S I N G L E - FA M I LY/ D U P L E X AVERAGE OF SALE PRICE/LAST LISTED PRICE

97%

C O N D O M I N I U M / TOW N H O M E AVERAGE OF SALE PRICE/LAST LISTED PRICE

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. ©2021 Slifer Smith & Frampton Real Estate

0 2 0 Residential A N N UA L Ssales L I F E from R R E 1.1 P Othrough RT *Data gathered is2from 12.31 of each year.

7 2020 ANNUAL SLIFER REPORT

95%

EAST VAIL & BOOTH CREEK S I N G L E - FA M I LY/ D U P L E X SALES VOLUME

NO. OF SALES

AVG. DAYS ON MARKET

AVG. SALE

MEDIAN SALE

2016

$51,273,620

33

122

$1,553,746

$1,350,000

2017

$39,780,000

24

126

$1,657,500

$1,425,000

2018

$55,231,200

27

118

$2,045,600

$1,715,000

2019

$59,632,169

30

153

$1,987,739

$1,572,580

2020

$95,260,705

42

137

$2,268,112

$1,801,000

CO N D O M I N I U M / TOW N H O M E SALES VOLUME

NO. OF SALES

AVG. DAYS ON MARKET

AVG. SALE

MEDIAN SALE

2016

$31,449,400

64

114

$491,397

$477,500

2017

$33,498,905

56

47

$598,195

$557,500

2018

$39,002,500

59

54

$661,059

$600,000

2019

$29,508,260

49

34

$602,209

$600,000

2020

$47,406,000

70

44

$677,229

$607,000

Average sale price has increased by 38% since 2016

AV E R AG E P R I C E P E R S Q UA R E F O OT S I N G L E - FA M I LY/ D U P L E X

C O N D O M I N I U M / TOW N H O M E

2016

2017

2018

2019

2020

2016

2017

2018

2019

2020

$522

$552

$617

$661

$691

$456

$511

$555

$595

$651

SALE PRICE VS LIST PRICE COMPARISON S I N G L E - FA M I LY/ D U P L E X AVERAGE OF SALE PRICE/LAST LISTED PRICE

97%

C O N D O M I N I U M / TOW N H O M E AVERAGE OF SALE PRICE/LAST LISTED PRICE

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. ©2021 Slifer Smith & Frampton Real Estate

*Data gathered is2from 12.31 of each year.

0 2 0 Residential A N N UA L Ssales L I F Efrom R R E1.1 P Othrough RT

8 SLIFER REPORT 2020 ANNUAL

98%

WEST VAIL, SANDSTONE & LIONSRIDGE S I N G L E - FA M I LY/ D U P L E X SALES VOLUME

NO. OF SALES

AVG. DAYS ON MARKET

AVG. SALE

MEDIAN SALE

2016

$44,040,750

31

160

$1,420,669

$1,335,000

2017

$22,060,050

13

106

$1,696,927

$1,762,500

2018

$41,408,187

23

152

$1,800,356

$1,695,000

2019

$43,772,500

25

118

$1,750,900

$1,575,000

2020

$55,171,170

30

96

$1,839,039

$1,537,500

CO N D O M I N I U M / TOW N H O M E SALES VOLUME

NO. OF SALES

AVG. DAYS ON MARKET

AVG. SALE

MEDIAN SALE

2016

$24,040,361

43

92

$559,078

$521,250

2017

$22,648,045

43

60

$526,699

$475,000

2018

$32,084,800

51

87

$629,114

$545,000

2019

$40,663,390

65

77

$625,591

$647,500

2020

$56,349,830

78

57

$722,434

$644,000

Average days on market has decreased by 38% since 2016

AV E R AG E P R I C E P E R S Q UA R E F O OT C O N D O M I N I U M / TOW N H O M E

S I N G L E - FA M I LY/ D U P L E X 2016

2017

2018

2019

2020

2016

2017

2018

2019

2020

$495

$571

$561

$604

$585

$474

$482

$512

$523

$581

Price per square foot in this area has increased 18% since 2016

SA L E P R I C E VS L I ST P R I C E CO M PA R I S O N S I N G L E - FA M I LY/ D U P L E X AVERAGE OF SALE PRICE/LAST LISTED PRICE

96%

C O N D O M I N I U M / TOW N H O M E AVERAGE OF SALE PRICE/LAST LISTED PRICE

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. ©2021 Slifer Smith & Frampton Real Estate

*Data gathered is2from 12.31 of each year.

0 2 0 Residential A N N UA L Ssales L I F Efrom R R E1.1 P Othrough RT

9 SLIFER REPORT 2020 ANNUAL

98%

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

NO. OF SALES

AVG. DAYS ON MARKET

AVG. SALE

MEDIAN SALE

2016

$9,396,850

13

182

$722,835

$650,000

2017

$8,187,615

11

151

$744,329

$581,000

2018

$12,910,150

19

83

$679,482

$630,000

2019

$13,310,550

16

107

$831,909

$877,750

2020

$16,039,898

19

133

$844,205

$735,000

Sales Volume has increased 71% since 2016

CO N D O M I N I U M / TOW N H O M E SALES VOLUME

NO. OF SALES

AVG. DAYS ON MARKET

AVG. SALE

MEDIAN SALE

2016

N/A

N/A

N/A

N/A

N/A

2017

$1,812,000

3

15

$604,000

$617,000

2018

$2,025,000

3

117

$675,000

$635,000

2019

$4,223,250

7

119

$603,321

$654,000

2020

$11,167,500

18

98

$620,417

$670,000

AV E R AG E P R I C E P E R S Q UA R E F O OT S I N G L E - FA M I LY/ D U P L E X

C O N D O M I N I U M / TOW N H O M E

2016

2017

2018

2019

2020

2016

2017

2018

2019

2020

$309

$321

$348

$417

$498

N/A

$358

$372

$375

424

SALE PRICE VS LIST PRICE COMPARISON S I N G L E - FA M I LY/ D U P L E X AVERAGE OF SALE PRICE/LAST LISTED PRICE

95%

C O N D O M I N I U M / TOW N H O M E AVERAGE OF SALE PRICE/LAST LISTED PRICE

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. ©2021 Slifer Smith & Frampton Real Estate

*Data gathered is2from 12.31 of each year.

0 2 0 Residential A N N UA L Ssales L I F Efrom R R E1.1 P Othrough RT

10 SLIFER REPORT 2020 ANNUAL

98%

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

NO. OF SALES

AVG. DAYS ON MARKET

AVG. SALE

MEDIAN SALE

2016

$31,282,764

38

51

$823,231

$785,107

2017

$36,191,124

38

72

$952,398

$760,250

2018

$26,292,956

29

56

$906,654

$795,000

2019

$31,413,750

31

105

$1,013,347

$842,000

2020

$40,434,289

34

58

$1,189,244

$1,030,312

Average sales price has increased 44% since 2016

CO N D O M I N I U M / TOW N H O M E SALES VOLUME

NO. OF SALES

AVG. DAYS ON MARKET

AVG. SALE

MEDIAN SALE

2016

$25,298,139

58

55

$436,175

$417,000

2017

$17,734,250

37

32

$479,304

$460,000

2018

$21,224,600

42

29

$505,348

$495,000

2019

$19,799,075

38

56

$521,028

$487,000

2020

$29,058,764

50

70

$581,175

$575,500

AV E R AG E P R I C E P E R S Q UA R E F O OT CO M PA R I S O N S I N G L E - FA M I LY/ D U P L E X

C O N D O M I N I U M / TOW N H O M E

2016

2017

2018

2019

2020

2016

2017

2018

2019

2020

$341

$341

$385

$383

$400

$321

$316

$331

$378

$393

SA L E P R I C E VS L I ST P R I C E CO M PA R I S O N S I N G L E - FA M I LY/ D U P L E X AVERAGE OF SALE PRICE/LAST LISTED PRICE

97%

C O N D O M I N I U M / TOW N H O M E AVERAGE OF SALE PRICE/LAST LISTED PRICE

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. ©2021 Slifer Smith & Frampton Real Estate

*Data gathered is2from 12.31 of each year.

0 2 0 Residential A N N UA L Ssales L I F Efrom R R E1.1 P Othrough RT

11 SLIFER REPORT 2020 ANNUAL

98%

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

NO. OF SALES

AVG. DAYS ON MARKET

AVG. SALE

MEDIAN SALE

2016

$24,447,996

25

115

$977,920

$840,000

2017

$36,999,250

31

181

$1,193,524

$1,020,000

2018

$39,225,250

37

115

$1,060,142

$990,000

2019

$26,236,500

24

124

$1,093,188

$1,145,750

2020

$50,124,133

37

119

$1,354,706

$1,297,000

CO N D O M I N I U M / TOW N H O M E SALES VOLUME

NO. OF SALES

AVG. DAYS ON MARKET

AVG. SALE

MEDIAN SALE

2016

$79,439,479

152

146

$522,628

$392,500

2017

$69,464,603

142

92

$489,187

$387,500

2018

$64,522,393

122

91

$528,872

$415,000

2019

$103,118,038

142

78

$726,183

$515,250

2020

$156,462,634

177

94

$883,970

$634,500

AV E R AG E P R I C E P E R S Q UA R E F O OT S I N G L E - FA M I LY/ D U P L E X

C O N D O M I N I U M / TOW N H O M E

2016

2017

2018

2019

2020

2016

2017

2018

2019

2020

$319

$323

$326

$351

$408

$440

$429

$473

$534

$653

SA L E P R I C E VS L I ST P R I C E CO M PA R I S O N S I N G L E - FA M I LY/ D U P L E X AVERAGE OF SALE PRICE/LAST LISTED PRICE

98%

C O N D O M I N I U M / TOW N H O M E AVERAGE OF SALE PRICE/LAST LISTED PRICE

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. ©2021 Slifer Smith & Frampton Real Estate

0 2 0 Residential A N N UA L Ssales L I F Efrom R R E1.1 P Othrough RT *Data gathered is2from 12.31 of each year.

12 2020 ANNUAL SLIFER REPORT

98%

MOUNTAIN STAR S I N G L E - FA M I LY SALES VOLUME

NO. OF SALES

AVG. DAYS ON MARKET

AVG. SALE

MEDIAN SALE

2016

$3,450,000

1

250

$3,450,000

$3,450,000

2017

$7,380,000

2

100

$3,690,000

$3,690,000

2018

$5,425,000

1

738

$5,425,000

$5,425,000

2019

$13,095,000

3

544

$4,365,000

$3,550,000

2020

$24,040,000

4

230

$6,010,000

$6,117,500

There are currently 8 single-family homes on the market in Mountain Star (as of 1.21.21)

AV E R AG E P R I C E P E R S Q UA R E F O OT S I N G L E - FA M I LY 2016

2017

2018

2019

2020

$521

$734

$620

$633

$762

SA L E P R I C E VS L I ST P R I C E CO M PA R I S O N S I N G L E - FA M I LY AVERAGE OF SALE PRICE/LAST LISTED PRICE

93%

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. ©2021 Slifer Smith & Frampton Real Estate

*Data gathered is2from 12.31 of each year.

0 2 0 Residential A N N UA L Ssales L I F Efrom R R E1.1 P Othrough RT

13 SLIFER REPORT 2020 ANNUAL

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

NO. OF SALES

AVG. DAYS ON MARKET

AVG. SALE

MEDIAN SALE

2016

$50,899,250

13

302

$3,915,327

$3,300,000

2017

$65,860,000

14

307

$4,704,286

$4,700,000

2018

$115,179,000

25

283

$4,607,160

$3,400,000

2019

$64,566,316

17

443

$3,798,019

$3,000,000

2020

$84,815,000

16

473

$5,300,938

$5,062,500

The highest sale was a single-family home for $12.3M

CO N D O M I N I U M / TOW N H O M E SALES VOLUME

NO. OF SALES

AVG. DAYS ON MARKET

AVG. SALE

MEDIAN SALE

2016

$120,419,360

83

299

$1,450,836

$1,137,500

2017

$120,439,900

73

208

$1,649,862

$1,200,000

2018

$143,871,399

90

179

$1,598,571

$1,681,309

2019

$130,588,025

93

170

$1,404,172

$1,085,000

2020

$139,391,900

93

164

$1,498,838

$1,121,400

AV E R AG E P R I C E P E R S Q UA R E F O OT S I N G L E - FA M I LY/ D U P L E X

C O N D O M I N I U M / TOW N H O M E

2016

2017

2018

2019

2020

2016

2017

2018

2019

2020

$713

$787

$706

$715

$943

$732

$867

$847

$779

794

SA L E P R I C E VS L I ST P R I C E CO M PA R I S O N S I N G L E - FA M I LY/ D U P L E X AVERAGE OF SALE PRICE/LAST LISTED PRICE

C O N D O M I N I U M / TOW N H O M E

96% AVERAGE OF SALE PRICE/LAST LISTED PRICE

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. ©2021 Slifer Smith & Frampton Real Estate

*Data gathered is2from 12.31 of each year.

0 2 0 Residential A N N UA L Ssales L I F Efrom R R E1.1 P Othrough RT

14 SLIFER REPORT 2020 ANNUAL

96%

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

NO. OF SALES

AVG. DAYS ON MARKET

AVG. SALE

MEDIAN SALE

2016

$45,992,875

8

361

$5,749,109

$5,487,500

2017

$102,254,000

12

265

$8,521,167

$8,499,500

2018

$12,000,000

3

134

$4,000,000

$2,300,000

2019

$30,595,000

4

111

$7,648,750

$7,700,000

2020

$106,887,500

14

298

$7,634,821

$8,300,000

The highest sale was a single-family home for $12.9M

CO N D O M I N I U M / TOW N H O M E SALES VOLUME

NO. OF SALES

AVG. DAYS ON MARKET

AVG. SALE

MEDIAN SALE

2016

$47,097,600

23

282

$2,047,722

$2,000,000

2017

$43,790,000

22

260

$1,990,455

$1,822,500

2018

$33,561,500

17

220

$1,974,206

$1,732,500

2019

$38,270,500

21

254

$1,822,405

$1,600,000

2020

$112,431,500

51

119

$2,204,539

$2,175,000

AV E R AG E P R I C E P E R S Q UA R E F O OT S I N G L E - FA M I LY/ D U P L E X

C O N D O M I N I U M / TOW N H O M E

2016

2017

2018

2019

2020

2016

2017

2018

2019

2020

$818

$1,027

$898

$947

$935

$858

$917

$892

$890

$985

SA L E P R I C E VS L I ST P R I C E CO M PA R I S O N S I N G L E - FA M I LY/ D U P L E X AVERAGE OF SALE PRICE/LAST LISTED PRICE

C O N D O M I N I U M / TOW N H O M E

95% AVERAGE OF SALE PRICE/LAST LISTED PRICE

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. ©2021 Slifer Smith & Frampton Real Estate

*Data gathered is2from 12.31 of each year.

0 2 0 Residential A N N UA L Ssales L I F Efrom R R E1.1 P Othrough RT

15 SLIFER REPORT 2020 ANNUAL

96%

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

NO. OF SALES

AVG. DAYS ON MARKET

AVG. SALE

MEDIAN SALE

2016

$41,794,500

18

116

$2,321,917

$1,816,250

2017

$51,809,375

23

195

$2,252,582

$2,056,000

2018

$69,522,500

25

192

$2,780,900

$2,500,000

2019

$79,837,500

30

250

$2,661,250

$2,060,000

2020

$153,581,800

47

194

$3,267,698

$2,787,500

Number of sales has increased 57% since 2019

CO N D O M I N I U M / TOW N H O M E SALES VOLUME

NO. OF SALES

AVG. DAYS ON MARKET

AVG. SALE

MEDIAN SALE

2016

$24,392,700

24

177

$1,016,363

$911,500

2017

$27,047,250

28

140

$965,973

$818,125

2018

$25,534,400

23

145

$1,110,191

$1,075,000

2019

$27,713,500

25

146

$1,108,540

$1,060,000

2020

$46,054,400

39

117

$1,180,882

$1,165,000

AV E R AG E P R I C E P E R S Q UA R E F O OT S I N G L E - FA M I LY/ D U P L E X

C O N D O M I N I U M / TOW N H O M E

2016

2017

2018

2019

2020

2016

2017

2018

2019

2020

$533

$516

$580

$548

$644

$573

$579

$623

$663

$712

SA L E P R I C E VS L I ST P R I C E CO M PA R I S O N S I N G L E - FA M I LY/ D U P L E X AVERAGE OF SALE PRICE/LAST LISTED PRICE

C O N D O M I N I U M / TOW N H O M E

95% AVERAGE OF SALE PRICE/LAST LISTED PRICE

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. ©2021 Slifer Smith & Frampton Real Estate

*Data gathered is2from 12.31 of each year.

0 2 0 Residential A N N UA L Ssales L I F Efrom R R E1.1 P Othrough RT

16 SLIFER REPORT 2020 ANNUAL

97%

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

NO. OF SALES

AVG. DAYS ON MARKET

AVG. SALE

MEDIAN SALE

2016

$48,191,362

35

209

$1,376,896

$1,017,500

2017

$67,328,662

43

207

$1,565,783

$1,080,000

2018

$29,448,000

26

115

$1,132,615

$948,750

2019

$69,191,685

40

128

$1,729,792

$1,806,250

2020

$72,539,751

46

104

$1,576,951

$1,286,500

CO N D O M I N I U M / TOW N H O M E SALES VOLUME

NO. OF SALES

AVG. DAYS ON MARKET

AVG. SALE

MEDIAN SALE

2016

$37,628,101

85

66

$442,684

$400,000

2017

$41,471,425

92

37

$450,776

$417,750

2018

$29,745,894

62

54

$479,772

$471,000

2019

$33,961,950

67

62

$506,895

$485,000

2020

$31,765,993

61

28

$520,754

$485,000

Area breakdown: 43 in Edwards and 18 in Homestead

AV E R AG E P R I C E P E R S Q UA R E F O OT C O N D O M I N I U M / TOW N H O M E

S I N G L E - FA M I LY/ D U P L E X 2016

2017

2018

2019

2020

2016

2017

2018

2019

2020

$331

$410

$326

$405

$412

$317

$348

$356

$366

$398

SA L E P R I C E VS L I ST P R I C E CO M PA R I S O N S I N G L E - FA M I LY/ D U P L E X AVERAGE OF SALE PRICE/LAST LISTED PRICE

C O N D O M I N I U M / TOW N H O M E

97% AVERAGE OF SALE PRICE/LAST LISTED PRICE

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. ©2021 Slifer Smith & Frampton Real Estate

*Data gathered is2from 12.31 of each year.

0 2 0 Residential A N N UA L Ssales L I F Efrom R R E1.1 P Othrough RT

17 SLIFER REPORT 2020 ANNUAL

98%

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

NO. OF SALES

AVG. DAYS ON MARKET

AVG. SALE

MEDIAN SALE

2016

$59,311,500

53

123

$1,119,085

$995,000

2017

$43,524,400

42

156

$1,036,295

$957,500

2018

$54,096,307

49

108

$1,104,006

$1,025,000

2019

$53,999,100

45

99

$1,199,980

$1,100,000

2020

$90,859,320

64

110

$1,419,677

$1,297,500

CO N D O M I N I U M / TOW N H O M E SALES VOLUME

NO. OF SALES

AVG. DAYS ON MARKET

AVG. SALE

MEDIAN SALE

2016

$4,312,500

7

53

$616,071

$621,000

2017

$5,317,500

9

29

$590,833

$533,000

2018

$5,062,500

7

13

$723,214

$582,500

2019

$3,405,000

4

15

$851,250

$885,000

2020

$5,397,530

6

226

$899,588

$912,500

AV E R AG E P R I C E P E R S Q UA R E F O OT S I N G L E - FA M I LY/ D U P L E X

C O N D O M I N I U M / TOW N H O M E

2016

2017

2018

2019

2020

2016

2017

2018

2019

2020

$319

$341

$351

$384

$409

$326

$392

$443

$430

$410

SA L E P R I C E VS L I ST P R I C E CO M PA R I S O N S I N G L E - FA M I LY/ D U P L E X AVERAGE OF SALE PRICE/LAST LISTED PRICE

C O N D O M I N I U M / TOW N H O M E

96% AVERAGE OF SALE PRICE/LAST LISTED PRICE

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. ©2021 Slifer Smith & Frampton Real Estate

*Data gathered is2from 12.31 of each year.

0 2 0 Residential A N N UA L Ssales L I F Efrom R R E1.1 P Othrough RT

18 SLIFER REPORT 2020 ANNUAL

97%

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

NO. OF SALES

AVG. DAYS ON MARKET

AVG. SALE

MEDIAN SALE

2016

$78,800,800

44

385

$1,790,927

$1,680,000

2017

$84,639,500

49

311

$1,727,337

$1,700,000

2018

$76,493,500

43

217

$1,778,919

$1,600,000

2019

$120,106,083

56

236

$2,144,751

$2,072,450

2020

$202,155,804

90

211

$2,246,176

$2,061,250

AV E R AG E P R I C E P E R S Q UA R E F O OT S I N G L E - FA M I LY/ D U P L E X 2016

2017

2018

2019

2020

$333

$337

$364

$405

$398

SA L E P R I C E VS L I ST P R I C E CO M PA R I S O N S I N G L E - FA M I LY/ D U P L E X AVERAGE OF SALE PRICE/LAST LISTED PRICE

96%

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. ©2021 Slifer Smith & Frampton Real Estate

*Data gathered is2from 12.31 of each year.

0 2 0 Residential A N N UA L Ssales L I F Efrom R R E1.1 P Othrough RT

19 SLIFER REPORT 2020 ANNUAL

WOLCOTT, BELLYACHE & RED SKY RANCH S I N G L E - FA M I LY/ D U P L E X SALES VOLUME

NO. OF SALES

AVG. DAYS ON MARKET

AVG. SALE

MEDIAN SALE

2016

$11,351,387

9

199

$1,261,265

$1,100,000

2017

$11,988,500

9

113

$1,332,056

$950,000

2018

$18,575,250

11

176

$1,688,659

$1,340,000

2019

$6,155,650

7

82

$879,379

$755,000

2020

$40,220,500

17

212

$2,365,912

$1,875,000

Number of sales has increased 142% since 2019

AV E R AG E P R I C E P E R S Q UA R E F O OT S I N G L E - FA M I LY/ D U P L E X 2016

2017

2018

2019

2020

$292

$327

$347

$330

$411

SA L E P R I C E VS L I ST P R I C E CO M PA R I S O N S I N G L E - FA M I LY/ D U P L E X AVERAGE OF SALE PRICE/LAST LISTED PRICE

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. ©2021 Slifer Smith & Frampton Real Estate

*Data gathered is2from 12.31 of each year.

0 2 0 Residential A N N UA L Ssales L I F Efrom R R E1.1 P Othrough RT

20 SLIFER REPORT 2020 ANNUAL

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

NO. OF SALES

AVG. DAYS ON MARKET

AVG. SALE

MEDIAN SALE

2016

$67,581,509

101

63

$669,124

$605,000

2017

$64,529,626

100

91

$645,296

$597,500

2018

$84,191,054

115

101

$732,096

$659,000

2019

$69,052,540

95

94

$726,869

$655,000

2020

$103,685,828

115

78

$901,616

$779,000

CO N D O M I N I U M / TOW N H O M E SALES VOLUME

NO. OF SALES

AVG. DAYS ON MARKET

AVG. SALE

MEDIAN SALE

2016

$26,083,609

79

59

$330,172

$325,000

2017

$19,378,141

53

46

$365,625

$363,000

2018

$23,793,946

63

51

$377,682

$374,000

2019

$25,101,635

64

48

$392,213

$399,214

2020

$28,483,997

68

42

$418,882

$426,388

AV E R AG E P R I C E P E R S Q UA R E F O OT S I N G L E - FA M I LY/ D U P L E X

C O N D O M I N I U M / TOW N H O M E

2016

2017

2018

2019

2020

2016

2017

2018

2019

2020

$208

$209

$232

$256

$291

$228

$238

$257

$285

$307

SA L E P R I C E VS L I ST P R I C E CO M PA R I S O N S I N G L E - FA M I LY/ D U P L E X AVERAGE OF SALE PRICE/LAST LISTED PRICE

98%

C O N D O M I N I U M / TOW N H O M E AVERAGE OF SALE PRICE/LAST LISTED PRICE

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. ©2021 Slifer Smith & Frampton Real Estate

*Data gathered is 2from through 12.31 of each year.

0 2 0 Residential A N N UA L Ssales L I F Efrom R R E1.1 PO RT

21 SLIFER REPORT 2020 ANNUAL

99%

GYPSUM, COTTON RANCH & BUCKHORN VALLEY S I N G L E - FA M I LY/ D U P L E X SALES VOLUME

NO. OF SALES

AVG. DAYS ON MARKET

AVG. SALE

MEDIAN SALE

2016

$33,480,234

81

67

$413,336

$395,000

2017

$67,288,059

143

55

$470,546

$426,852

2018

$59,770,682

122

61

$489,924

$472,050

2019

$51,201,617

102

54

$501,977

$507,913

2020

$89,688,334

148

76

$606,002

$545,500

Number of sales in this area has increased 80% since 2016

CO N D O M I N I U M / TOW N H O M E SALES VOLUME

NO. OF SALES

AVG. DAYS ON MARKET

AVG. SALE

MEDIAN SALE

2016

$5,372,101

20

66

$268,605

$265,000

2017

$10,050,943

36

43

$279,193

$269,000

2018

$7,896,885

22

91

$358,949

$305,500

2019

$19,166,958

52

78

$368,595

$318,000

2020

$16,471,826

39

76

$422,355

$358,550

AV E R AG E P R I C E P E R S Q UA R E F O OT S I N G L E - FA M I LY/ D U P L E X

C O N D O M I N I U M / TOW N H O M E

2016

2017

2018

2019

2020

2016

2017

2018

2019

2020

$206

$213

$218

$235

$252

$200

$205

$249

$292

$292

SA L E P R I C E VS L I ST P R I C E CO M PA R I S O N S I N G L E - FA M I LY/ D U P L E X AVERAGE OF SALE PRICE/LAST LISTED PRICE

99%

C O N D O M I N I U M / TOW N H O M E AVERAGE OF SALE PRICE/LAST LISTED PRICE

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. ©2021 Slifer Smith & Frampton Real Estate

*Data gathered is2from 12.31 of each year.

0 2 0 Residential A N N UA L Ssales L I F Efrom R R E1.1 P Othrough RT

22 SLIFER REPORT 2020 ANNUAL

102%

2020 LAND REVIEW T R A N SAC T I O N VO LU M E CO M PA R I S O N 180

NO. OF TRANSACTIONS

160 140 120 100 80 60 40 20 0

126

151

122

106

180

2016

2017

2018

2019

2020

SA L E S VO LU M E CO M PA R I S O N $90M $80M $70M $60M $50M $40M $30M $20M $10M 0

$34,519,710

$57,397,167

$74,144,650

$34,415,350

$91,400,350

2016

2017

2018

2019

2020

*Data sales fromListing 1.1 through 12.31 of each year.

Source of all data contained in thisgathered report is the is Vailfrom BoardLand of Realtors, Multiple Service. Information is deemed reliable but not guaranteed.

Consult your Slifer Smith & Frampton Broker for more information. ©2021 Slifer Smith & Frampton Real Estate

2020 ANNUAL SLIFER REPORT 2 0 2 0 A N N UA L S L I F E R R E P O R T

23

LOCAL LOCAL

COMPANY, COMPANY,

GLOBAL GLOBAL

REACH. REACH. Slifer Smith & Frampton becomes founding member and partial owner of Forbes Global Properties.

Completely unique to the real estate industry, this elite network is backed by the world's most famous business media brand whose name says it all. SSF is one of the first firms in the world selected for this exclusive membership to a new consumer marketplace that connects buyers directly to the world's finest homes, as well as the brokers that represent them. Slifer Smith & Frampton Real Estate remains locally owned and operated, capitalizing on Forbes' worldwide reach of 140 million monthly global visitors.

We're proud to have joined an exceptional global brand that helps us continue our saying of "We're just getting started."

Find your mountain dream at Find your mountain dream at:

VailRealEstate.com

VailRealEstate.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. Š2021 Slifer Smith & Frampton Real Estate

2020 AN N UA LLOCAL SLIFER R EPO R T 50 years Helping people LIVE for over

24

LOCAL BRAND, LOCAL LEADERS VAIL VALLEY MARKET SHARE* $1.4B $1.2B

47%

$1B

$2,613,488,319 F

th

SS

$905,259,820 eb y's

w ha ire

V

H

So

at

Vo l l&

rk

sh

ge En

e Ro

n

Be

By

rn

ay

s ke r

es at ci so As &

le Ke l

Co

ld

w

el

lB

an

ke r

rW

Di

ill

st

ia

in

m

s

…

0

LI

$0.2B

$635,537,743

$120,444,844

$96,574,257

$0.4B

$215,316,625

$0.6B

$256,788,504

$0.8B

A look back on 2020 – the real estate market in the Vail Valley has reached historic highs and lows. Residential and land sales volume topped $2.7 billion, which is up 52% from 2019. Inventory is down 61% since January 2012, a record low.

SSF’s transaction production was up 37% from 2019, creating a 56% increase in year-over-year sales volume. In this time, SSF has been grateful to expand our reach to Denver, hire new brokers, additional support systems, and create a New Development division. Slifer Smith & Frampton has earned the prestigious annual market share top ranking… every year since 1994.

135+

BROKERS

65+

SUPPORT STAFF

18 SALES LOCATIONS

*Data gathered is from Land and Residential sales from 1.1.20 - 12.31.20 Source of all data is the Vail Board of Realtors, Multiple Listing Service. Information is deemed reliable but not guaranteed.

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. ©2021 Slifer Smith & Frampton Real Estate

2 0 2 0 A N N UA L S L I F E R R E P O R T

25

2020 ANNUAL SLIFER REPORT

YOUR ROCKY MOUNTAIN CORRIDOR REAL ESTATE CONNECTION.

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. ©2021 Slifer Smith & Frampton Real Estate

2 0 2 0 A N N UA L S L I F E R R E P O R T

26

Home can take you anywhere.

Wherever your Colorado home awaits, a Slifer broker is never far away to find it for you.

SliferSmithandFrampton.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. Š2021 Slifer Smith & Frampton Real Estate

2 0 2 0 A N N UA L S L I F E R R E P O R T

27

2 0 2 0 | VA I L VA L L E Y, C O L O R A D O