Eagle County 2nd Quarter Slifer Report

T he Slifer R eport VAIL VALLEY REAL ESTATE 2017 6 MONTH REVIEW

VAILRE ALESTATE .COM

TA B L E O F C O N T E N T S Introduction................................................................3 Company Performance...........................................4 Vail Valley at a Glance......................................... 5-6 Eagle County Six Month Comparisons...................7

E A S T >>> W E S T Vail Village & Lionshead..........................................8 Vail Golf Course, Spraddle Creek & Cascade Village...................................................9 Vail - All Other Areas............................................ 10 EagleVail................................................................ 11 Avon & Wildridge................................................. 12 Mountain Star....................................................... 13 Beaver Creek Village............................................. 14 Bachelor Gulch Village.......................................... 15 Arrowhead Village................................................ 16 Edwards, Homestead & Lake Creek Valley..............................................17 Singletree.............................................................. 18 Cordillera, Cordillera Valley Club & Timber Springs..................................................19 Wolcott, Bellyache Ridge & Red Sky Ranch...................................................20 Eagle & Eagle Ranch.............................................21 Gypsum, Cotton Ranch & Gypsum Valley Brightwater Club..........................22 Vail Valley Land Overview.....................................23 Online Tools - Real Time Alerts............................ 24 Global Reach.........................................................25 SSF Information & Office Listings.........................26

T

he Eagle County real estate market continued to exhibit strong momentum at the close of the second quarter of 2017. According to the Land Title Guarantee Market Analysis Report, Eagle County real estate sales surpassed $1

billion in the first 6 months of 2017 for the first time since 2008.* This was an increase of 47% over last year. From January to June, there were 699 residential & land closings totaling $784.3 million in sales volume. This represented a 10% increase in transactions and 36% jump in sales volume compared to 2016, setting the stage for an active summer and fall.

The notable increase in dollar volume is largely a result of a resurgence in the luxury niche of our market, where we have witnessed some landmark transactions in Vail, Beaver Creek and Bachelor Gulch. As of June 30, sales of properties priced $5M and greater had jumped from 9 transactions in 2016 to 24 this year. We anticipate this kind of activity will continue through the fall, based on current showing activity.

That being said, the luxury market is not the only segment seeing large increases this year. Single family/duplex sales in the Edwards/Homestead/Lake Creek Valley are up 114% with 15 sales compared to 7 in the first six months of 2016.

The Cordillera market saw similar increases with 24 single family homes selling between January and June of this year, compared to 13 during the same time in 2016. This represents an 84% increase over last year. The Down Valley markets of Eagle and Gypsum remain strong with a combined total of 96 single family/duplex transactions and 43 townhome/condo sales in the first 6 months of 2017. With demand remaining steady and inventory still low in most segments of the market, we expect to experience similar upward momentum in the second half of the year.** Slifer Smith & Frampton Real Estate continues to be the market leader in Eagle County, outpacing our closest competitor by over $490 million in sales volume. We are proud of this achievement, as it is a result of helping our clients successfully fulfill their dreams of owning a home in the Vail Valley.

We hope you enjoy reviewing this comprehensive real estate market report and that it will prove to be of value, especially if you are considering buying or selling over the coming year. Please contact your Slifer Smith & Frampton Real Estate broker for more information or stop by one of our 19 convenient office locations in Eagle County.

Best Regards,

John P feiffer John Pfeiffer President & Managing Broker Slifer Smith & Frampton Real Estate

*Source: Land Title Guarantee June 2017 – Market Analysis **Source: Vail Board of Realtors, Multiple Listing Service – Residential & Land Sales

*Source: Land Title Guarantee June 2017 – Market Analysis **Source: Vail Board of Realtors, Multiple Listing Service – Residential & Land Sales

3

LOCAL BRAND, LOCAL LEADERS. $718.4 MILLION

SLIFER SMITH & FRAMPTON MARKET SHARE *

$600.0

$400.0

$226.3 $195.3

$29.8

$46.8

$54.4

EB L I Y’ V S SO TH

B H ER AT K H SH AW IR AY E

K I L EL LI LE A R M S W

E VO NG L K EL ER & S

E CO US RT TAQ IN U A IO RE

SSF

&

R A ON SS O BY CI R AT NE ES

RI ST RE IAN A IA LT Y

CH

N D E M SS U S

A

D

A

BR

C

CO L BA DW N EL KE L R

$0.0

Slifer Smith & Frampton Real Estate has a 54-year local perspective and over 100 seasoned Vail Valley real estate brokers. Whether you are maximizing exposure to sell your home or seeking the best values in our resort market, clients across the globe trust the Vail Valley’s leading real estate company. *Data gathered is from Land and Residential sales from 1.1.17 through 6.30.2017 Source of all data is the Vail Board of Realtors, Multiple Listing Service. Information is deemed reliable but not guaranteed.

VAILRE ALESTATE .COM

2017 S I X M O N T H SL I FE R R E P O R T 4

MILLIONS

$21.2

$18.7

$18.4

$26.5

$200.0

VAIL VALLEY AT A GLANCE GOLF COMMUNITY

Wolcott & Bellyache Ridge

SKI RESORT

SSF OFFICES

70

Gypsum

EAGLE COUNTY AIRPORT

Red Sky Ranch

Cordillera Valley Club Edwards

Eagle Eagle Ranch

Cordillera

Frost Creek

Arrowhead Lake Creek

SLIFER SMITH & FRAMPTON VAIL | 5 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

Bridge Street | 281 Bridge St | 970.479.5777

Mountain Star | 39 Paintbrush | 970.748.5545

Solaris at Vail | 141 E Meadow Dr | 970.477.5720

Avon Corporate | 30 Benchmark Rd, Ste. 107 | 970.845.2000

Lionshead | 531 E Lionshead Cir, Ste. 11 | 970.479.0245 Four Seasons Resort | One Vail Rd | 970.479.2015

CORDILLERA | 2 locations >>> The Divide | 2203 Cordillera Way | 970.926.3505 The Summit | 325 Settlers Loop | 970.926.6752

2017 S I X M O N T H SL I FE R R E P O R T 5

Singletree

Mountain Star

Avon & Wildridge

North West Vail

Lionshead

Vail Village 70

s Bachelor EagleVail Gulch

d

k

Beaver Creek

Minturn

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 Office | 46 Avondale Ln | 970.949.5811

EAGLE Eagle Ranch | 1143 Capitol St | 970.328.2550

2017 S I X M O N T H SL I FE R R E P O R T 6

E AG L E C O U N T Y | 5 -Y E A R C O M PA R I S O N TRANSACTION VOLUME COMPARISON | JANUARY-JUNE 700

699

628

NUMBER OF TRANSACTIONS

600

588 541

546

2013

2014

500

400

2015

2016

2017

SALES VOLUME COMPARISON | JANUARY-JUNE $800.0

$784.3 $700.0

$660.4 $633.7

$600.0

$572.8

MILLIONS

$500.0

$453.7 $400.0

2013

2014

2015

2016

2017

Data represents January 1–June 30 for all years. 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

2017 S I X M O N T H SL I FE R R E P O R T 7

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

2015

$69,095,000

7

317

$9,870,714

$9,400,000

2016

$0

0

0

$0

$0

2017

$48,925,000

3

551

$16,308,333

$13,500,000

SALES VOLUME

NO. OF SALES

AVER AGE DAYS ON MARKET

AVER AGE SALE

MEDIAN SALE

2015

$114,472,208

47

388

$2,435,579

$1,760,000

2016

$77,636,467

32

504

$2,426,140

$2,150,000

2017

$117,777,998

39

456

$3,019,949

$2,300,000

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

2015

2016

2017

$1,759

$0

$2,178

CONDOMINIUM/ TOWNHOME AVERAGE

2015

2016

2017

$1,550

$1,464

$1,557

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

CONDOMINIUM/ TOWNHOME

89.20%

AVERAGE OF SALE PRICE/LAST LISTED PRICE:

91.88%

Data represents January 1–June 30 for all years. 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

2017 S I X M O N T H SL I FE R R E P O R T 8

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

2015

$4,600,000

2

895

$2,300,000

$2,300,000

2016

$13,545,000

4

649

$3,386,250

$3,622,500

2017

$31,497,000

9

220

$3,499,667

$3,200,000

SALES VOLUME

NO. OF SALES

AVER AGE DAYS ON MARKET

AVER AGE SALE

MEDIAN SALE

2015

$7,390,000

6

53

$1,231,667

$1,442,500

2016

$15,713,000

11

300

$1,428,455

$1,360,000

2017

N/A

8

195

$1,582,750

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

2015

2016

2017

$643

$949

$963

CONDOMINIUM/ TOWNHOME AVERAGE

2015

2016

2017

$697

$770

$843

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

CONDOMINIUM/ TOWNHOME

91.19%

AVERAGE OF SALE PRICE/LAST LISTED PRICE:

95.49%

Data represents January 1–June 30 for all years. 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

2017 S I X M O N T H SL I FE R R E P O R T 9

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

2015

$50,011,300

26

212

$1,923,512

$1,610,900

2016

$45,086,375

32

175

$1,408,949

$1,259,000

2017

$51,080,050

25

148

$2,043,202

$1,855,000

SALES VOLUME

NO. OF SALES

AVER AGE DAYS ON MARKET

AVER AGE SALE

MEDIAN SALE

2015

$18,915,500

34

83

$556,338

$567,000

2016

$24,637,480

40

133

$615,937

$566,250

2017

$30,938,675

47

70

$658,270

$580,000

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

2015

2016

2017

$542

$498

$591

CONDOMINIUM/ TOWNHOME AVERAGE

2015

2016

2017

$465

$470

$505

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

CONDOMINIUM/ TOWNHOME

93.44%

AVERAGE OF SALE PRICE/LAST LISTED PRICE:

97.30%

Data represents January 1–June 30 for all years. 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

2017 S I X M O N T H SL I FE R R E P O R T 10

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

2015

$6,652,000

9

143

$739,111

$750,000

2016

$7,030,375

9

47

$781,153

$682,375

2017

$13,458,000

15

107

$897,200

$740,000

SALES VOLUME

NO. OF SALES

AVER AGE DAYS ON MARKET

AVER AGE SALE

MEDIAN SALE

2015

$6,195,950

16

70

$387,247

$351,250

2016

$10,391,900

23

40

$451,822

$440,000

2017

$7,586,000

17

33

$446,235

$445,000

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

2015

2016

2017

$247

$299

$336

CONDOMINIUM/ TOWNHOME AVERAGE

2015

2016

2017

$299

$318

$310

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

CONDOMINIUM/ TOWNHOME

96.03%

AVERAGE OF SALE PRICE/LAST LISTED PRICE:

96.82%

Data represents January 1–June 30 for all years. 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

2017 S I X M O N T H SL I FE R R E P O R T 11

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

2015

$11,159,750

12

221

$929,979

$761,000

2016

$7,238,500

8

189

$904,813

$765,000

2017

$15,893,750

12

156

$1,324,479

$915,625

SALES VOLUME

NO. OF SALES

AVER AGE DAYS ON MARKET

AVER AGE SALE

MEDIAN SALE

2015

$16,343,370

39

102

$419,061

$335,000

2016

$37,584,131

69

128

$544,698

$435,000

2017

$27,677,453

61

102

$453,729

$355,000

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

2015

2016

2017

$280

$322

$327

CONDOMINIUM/ TOWNHOME AVERAGE

2015

2016

2017

$351

$433

$446

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

CONDOMINIUM/ TOWNHOME

95.00%

AVERAGE OF SALE PRICE/LAST LISTED PRICE:

96.85%

Data represents January 1–June 30 for all years. 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

2017 S I X M O N T H SL I FE R R E P O R T 12

MOUNTAIN STAR 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

2015

$10,795,000

2

487

$5,397,500

$5,379,500

2016

$3,450,000

1

250

$3,450,000

$3,450,000

2017

$0

0

0

$0

$0

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

2015

2016

2017

$694

$521

$0

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

0.00%

Data represents January 1–June 30 for all years. 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

2017 S I X M O N T H SL I FE R R E P O R T 13

BEAVER CREEK 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

2015

$46,500,000

9

405

$5,166,667

$5,120,000

2016

$13,820,000

4

236

$3,455,000

$1,935,000

2017

$38,855,000

7

265

$5,550,714

$5,300,000

SALES VOLUME

NO. OF SALES

AVER AGE DAYS ON MARKET

AVER AGE SALE

MEDIAN SALE

2015

$46,394,900

36

233

$1,288,747

$975,000

2016

$52,332,500

32

283

$1,635,391

$1,168,750

2017

$62,661,900

40

253

$1,566,548

$1,162,500

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

2015

2016

2017

$750

$661

$887

CONDOMINIUM/ TOWNHOME AVERAGE

2015

2016

2017

$679

$733

$767

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

CONDOMINIUM/ TOWNHOME

95.62%

AVERAGE OF SALE PRICE/LAST LISTED PRICE:

94.47%

Data represents January 1–June 30 for all years. 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

2017 S I X M O N T H SL I FE R R E P O R T 14

BACHELOR GULCH 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

2015

$19,697,500

2

622

$9,848,750

$9,848,750

2016

$26,570,375

5

393

$5,314,075

$4,800,000

2017

$49,720,000

6

174

$8,286,667

$7,947,500

SALES VOLUME

NO. OF SALES

AVER AGE DAYS ON MARKET

AVER AGE SALE

MEDIAN SALE

2015

$22,463,900

17

97

$1,321,406

$1,179,900

2016

$18,083,600

10

273

$1,808,360

$1,900,000

2017

$18,912,500

9

426

$2,101,389

$1,950,000

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

2015

2016

2017

$974

$838

$1,049

CONDOMINIUM/ TOWNHOME AVERAGE

2015

2016

2017

$864

$858

$919

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

CONDOMINIUM/ TOWNHOME

96.42%

AVERAGE OF SALE PRICE/LAST LISTED PRICE:

93.93%

Data represents January 1–June 30 for all years. 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

2017 S I X M O N T H SL I FE R R E P O R T 15

ARROWHEAD 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

2015

$30,867,500

13

207

$2,374,423

$1,950,000

2016

$21,430,000

9

163

$2,381,111

$2,150,000

2017

$20,731,875

10

173

$2,073,188

$1,965,500

SALES VOLUME

NO. OF SALES

AVER AGE DAYS ON MARKET

AVER AGE SALE

MEDIAN SALE

2015

$14,531,075

16

168

$908,192

$770,000

2016

$11,464,200

10

140

$1,146,420

$1,142,100

2017

$9,695,000

11

66

$881,364

$695,000

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

2015

2016

2017

$505

$556

$521

CONDOMINIUM/ TOWNHOME AVERAGE

2015

2016

2017

$570

$549

$580

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

CONDOMINIUM/ TOWNHOME

96.38%

AVERAGE OF SALE PRICE/LAST LISTED PRICE:

94.97%

Data represents January 1–June 30 for all years. 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

2017 S I X M O N T H SL I FE R R E P O R T 16

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

AVER AGE DAYS ON MARKET

AVER AGE SALE

MEDIAN SALE

2015

$8,280,866

7

339

$1,182,981

$870,500

2016

$11,065,000

7

243

$1,580,714

$912,000

2017

$21,782,500

15

167

$1,452,167

$1,050,000

SALES VOLUME

NO. OF SALES

AVER AGE DAYS ON MARKET

AVER AGE SALE

MEDIAN SALE

2015

$10,743,500

27

62

$397,907

$400,000

2016

$16,964,500

40

72

$424,113

$391,000

2017

$16,810,900

38

32

$442,392

$395,000

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

2015

2016

2017

$262

$292

$370

CONDOMINIUM/ TOWNHOME AVERAGE

2015

2016

2017

$264

$303

$368

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

CONDOMINIUM/ TOWNHOME

94.99%

AVERAGE OF SALE PRICE/LAST LISTED PRICE:

97.46%

Data represents January 1–June 30 for all years. 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

2017 S I X M O N T H SL I FE R R E P O R T 17

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

2015

$15,173,725

17

149

$892,572

$799,000

2016

$25,139,500

22

177

$1,142,705

$1,020,000

2017

$17,741,000

16

159

$1,108,812

$967,500

SALES VOLUME

NO. OF SALES

AVER AGE DAYS ON MARKET

AVER AGE SALE

MEDIAN SALE

2015

$377,500

1

32

$377,500

$377,500

2016

$3,011,500

5

59

$602,300

$590,000

2017

$924,000

2

63

$462,000

$462,000

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

2015

2016

2017

$305

$319

$373

CONDOMINIUM/ TOWNHOME AVERAGE

2015

2016

2017

$283

$338

$374

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

CONDOMINIUM/ TOWNHOME

96.19%

AVERAGE OF SALE PRICE/LAST LISTED PRICE:

94.29%

Data represents January 1–June 30 for all years. 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

2017 S I X M O N T H SL I FE R R E P O R T 18

CORDILLERA, CORDILLERA VALLEY CLUB & TIMBER SPRINGS 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

2015

$29,707,900

16

405

$1,856,744

$1,650,000

2016

$21,334,800

13

268

$1,641,138

$1,480,000

2017

$40,837,000

24

378

$1,701,542

$1,725,000

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

2015

2016

2017

$282

$311

$326

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

91.34%

Data represents January 1–June 30 for all years. 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

2017 S I X M O N T H SL I FE R R E P O R T 19

WOLCOTT, BELLYACHE RIDGE & RED SK Y RANCH 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

2015

$2,845,000

2

387

$1,422,500

$1,422,500

2016

$5,801,000

4

184

$1,450,250

$1,183,750

2017

$4,427,000

4

218

$1,106,750

$920,000

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

2015

2016

2017

$227

$301

$328

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

94.09%

Data represents January 1–June 30 for all years. 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

2017 S I X M O N T H SL I FE R R E P O R T 20

EAGLE & EAGLE RANCH 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

2015

$27,847,440

43

152

$647,615

$573,000

2016

$26,631,134

39

86

$682,850

$615,000

2017

$28,982,451

45

102

$644,054

$580,000

SALES VOLUME

NO. OF SALES

AVER AGE DAYS ON MARKET

AVER AGE SALE

MEDIAN SALE

2015

$6,854,700

23

51

$298,030

$285,000

2016

$12,101,534

38

75

$318,461

$295,500

2017

$10,153,309

28

44

$362,618

$345,000

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

2015

2016

2017

$188

$196

$220

CONDOMINIUM/ TOWNHOME AVERAGE

2015

2016

2017

$196

$220

$248

S A L E P R I C E V S L I S T P R I C E C O M PA R I S O N SINGLE- FAMILY/DUPLE X AVERAGE OF SALE PRICE/LAST LISTED PRICE:

CONDOMINIUM/ TOWNHOME

97.44%

AVERAGE OF SALE PRICE/LAST LISTED PRICE:

98.51%

Data represents January 1–June 30 for all years. 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

2017 S I X M O N T H SL I FE R R E P O R T 21

GYPSUM, COTTON RANCH & GYPSUM VALLEY BRIGHTWATER CLUB 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

2015

$18,136,885

45

66

$403,042

$385,000

2016

$16,030,373

40

78

$400,759

$400,750

2017

$22,339,892

51

68

$438,037

$415,000

SALES VOLUME

NO. OF SALES

AVER AGE DAYS ON MARKET

AVER AGE SALE

MEDIAN SALE

2015

$1,262,000

5

22

$252,400

$255,000

2016

$2,719,327

11

61

$247,212

$239,000

2017

$3,535,500

15

34

$235,700

$238,000

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

2015

2016

2017

$177

$198

$219

CONDOMINIUM/ TOWNHOME AVERAGE

2015

2016

2017

$161

$186

$184

S A L E P R I C E V S L I S T P R I C E C O M PA R I S O N SINGLE- FAMILY/DUPLE X AVERAGE OF SALE PRICE/LAST LISTED PRICE:

CONDOMINIUM/ TOWNHOME

99.39%

AVERAGE OF SALE PRICE/LAST LISTED PRICE:

99.95%

Data represents January 1–June 30 for all years. 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

2017 S I X M O N T H SL I FE R R E P O R T 22

2 017 S I X M O N T H | VA I L VA L L E Y L A N D OV E R V I E W

TRANSACTION VOLUME COMPARISON 80

79

NUMBER OF TRANSACTIONS

70

60

70

60

60 56

50

40

2013

2014

2015

2016

2017

SALES VOLUME COMPARISON $40.0

$30.0

$31.3 $29

$28.2 $20.0

$15 $12.5

MILLIONS

$10.0

$0.0

2013

2014

2015

2016

2017

Data represents January 1–June 30 for all years. 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

2017 S I X M O N T H SL I FE R R E P O R T 23

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2017 S I X M O N T H SL I FE R R E P O R T 24

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{

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Our international organization produced more home sales volume than any national real estate network. Being part of the global economy goes far beyond technology; it requires the human touch. We are proud to belong to the

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REACH. $62 BILLION MORE U.S. HOME SALES VOLUME IN 2016 THAN OUR CLOSEST COMPETITOR

$350

Actual member statistics for LeadingRE and estimates for other networks using average sales units per agent and average sales price for firms in each respective network from published sources for 2016 production.

$368B

Sources: REAL Trends National Network 2016 Totals Final Report.

$300

$200 $150

$50

$260B $225B

$150B $127B $68B

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We live here, we work here, we play here. Find your place at the ALL NEW:

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Helping People LIVE LOC AL for Over 50 Years 2017 S I X M O N T H SL I FE R R E P O R T 25

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SLIFER SMITH & FRAMPTON REAL ESTATE OFFICES FOR FUR THER RE AL ES TATE MARKET INFORMATION PLE A SE VISIT US AT THE FOLLOWING LOC ATIONS THROUGHOUT THE VAIL VALLE Y:

VA I L

V I L L AG E S O F B E AV E R C R E E K

230 Bridge Street 970.476.2421

Arrowhead

281 Bridge Street 970.479.5777

970.926.3000

Solaris 970.477.5720

970.845.2300

Bachelor Gulch Village

Highlands Lodge

Lionshead 970.479.0245

970.845.9403

Four Seasons 970.479.0245

Park Hyatt

AV O N

970.845.9400

Promenade and Lobby

Benchmark Office 970.845.2000

St. James Place

Mountain Star 970.748.5545

The Charter

970.845.9900

The Westin Riverfront 970.748.5420

CORDILLER A The Divide 970.926.3505 The Summit 970.926.6752

970.845.3815 Vacation Ownership Office 970.949.5811

E AG L E Eagle Ranch 970.328.2550

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