In2024,Slifer Smith&Framptonnavigated achallenging market shaped byindustrychanges,limited inventory,and elevated interest rates. Despite these obstacles, we rose to the occasion, achieving growth in nearly every market and demonstrating the dedication, expertise, and resilience of our brokers, aswell astheir ability to overcomethe challengesandhelp to createopportunitiesfor our clients.
In theVail Valley,high-end propertiescontinued to drivethemarket,with salesover $5million accounting for more than one-third of thetotal dollar volume Thissegment achieved aremarkable107transactions,contributingnearly $1billion in sales However, we did see the current interest rate environment impact sales in the market below $1 million We also saw inventory continue to be constrained, staying at roughly half of pre-2020 levels, but well-located properties in new or updated condition that are priced to the market are seeing strong activity and limiteddaysonmarket
Thetwo-year performanceof theU.S.equitiesmarketsundoubtedlyimpacted theresort marketsin apositiveway in 2024. The number of sales above $10 million surpassed the transaction and volume numbers from 2021? the strongest year on record. Additionally, we have seen trophy properties in the above $10 million range form a new asset classasbuyers/ownerstakeadvantageof theseextraordinary propertiesasastableasset and their potential rental income.Asaresult of thisdynamic,wehaveseensomeinvestment fundsenter thissegment of themarket. Despitewidespread industry changes,our team in theVail Valley didn? t skip abeat and had avery successful 2024 Truly unique ?one-of-a-kind? properties were able to transact at record prices in Eagle Ranch, Bachelor Gulch, Strawberry Park, and Vail Village Weare proud to have helped our clientsachieve these resultsthanksto the hard work of our brokersand our best-in-classmarketing
2024 was also the year we lost Rod Slifer, one of our esteemed co-founders who was also the first realtor in the Vail Valley. While we miss Rod dearly, we are proud to continue to carry on the legacy of integrity and service to our community in hishonor.We are proud to serve our community through our Slifer Foundation that supportsa myriad of non-profit entities in the valley. Additionally, we are excited to continue our Cornerstone Partnership withtheVail ValleyFoundationastheofficial real estateservicesprovider and supportingall thegreat work inArts, Athletics,andEducationtheydo for our community.
We also expanded our footprint in Colorado with the opening of anew office in downtown Steamboat Springs. In addition, our relationships with Luxury Portfolio International, Leading Real Estate Companies of the World, and Forbes Global Properties continued to allow our highly local teams to have global reach and thus be a highly competitiveoptionfor buyersandsellersinColorado?sluxuryreal estatemarket.
A LETTER FROM OUR PRESIDENT MATT
As we close out 2024, we reaffirm our commitment to being constant stewardsof our Colorado communities and look forward to being an invaluable partner to our buyer and seller clientsin2025
FITZGERALD
Vail Valley Market President
AstheVail Valley'sindependent,locallyowned and operated real estatecompany,wearedeeply invested inour communitiesand fullycommitted to buildingup thisincredibleplace.Whenyou work withusyounot onlyget best-in-class service,youcanknowthat your businessand support stayslocal creating abright future for thebenefit of all.
CREEK
Park Hyatt Plaza | 970 845 9400
Park Hyatt Lobby | 970.845.9400 St. James Place | 970.845.9400 Highlands Lodge | 970.845.5810 The Charter | 970 845 3815 Beaver Creek Lodge | 970 845 9400 Bachelor Gulch | 970.845.2300 Arrowhead | 970.926.3000
OUR VAIL VALLEY MARKET SHARE
SALES VOLUME COMPARISON | SSF MARKET SHARE
LUXURY SALES VOLUME COMPARISON | SSF MARKET SHARE
Residential Sales Over $4 Million
MARKET OVERVIEW
SALES VOLUME COMPARISON TRANSACTION COMPARISON
RESIDENTIAL AVERAGE SALES PRICE COMPARISON ACTIVE INVENTORY BY MONTH
East Vail representsVail'smost rugged andpristine residential frontier,nestledagainst thedramatic Gore Rangewithacharacter distinctlydifferent fromtheresort's central neighborhoods Here,homesarepositioned at the intersectionof wildmountainlandscapeand carefully plannedresidential development,offeringresidentsan unparalleledconnectionto Colorado'salpineenvironment
Characterizedbylarger lotsand amorenatural setting, East Vail appealsto homeownersseekingproximityto both wildernessandcommunityinfrastructure Propertiesrange frommodest mountaincabinsto sophisticated alpine homes,all unitedbybreathtakingviewsof surrounding peaksand immediateaccessto national forest lands The neighborhoodprovidesdirect entrypointsto hiking, climbing,andbackcountryskiing,makingit ideal for outdoor enthusiastswho prioritizerawnatural experience Despiteitsseeminglyremotecharacter,East Vail remains convenientlyconnectedto Vail'scoreamenities,withafree bussystemandquick accessto theski area Thisunique positioncreatesaresidential environment that balances wildmountainlivingwiththeconvenienceof aworld-class mountaindestination
West Vail standsasVail'smost pragmatic residential zone, offeringabalanced approachto mountainlivingthat prioritizesfunctionalityand affordability This neighborhoodprovidesamorelocal-orientedenvironment, withamix of single-familyhomes,condominiums,and townhousesthat cater to full-timeresidentsand those seekingamoregrounded mountaincommunity
SandstoneandLionsridgecomplement West Vail'spractical ethos,presentingneighborhoodsthat bridgethegap betweenresort luxuryandeverydaymountainliving These areasfeaturemorecontemporaryresidential designs,with homesthat maximizemountainviewsandprovideeasy accessto bothVail'samenitiesand surrounding natural landscapes
Eachof theseneighborhoodsrepresentsadifferent facet of mountainresidential life? providingoptionsfor homeownerswho seek themountainexperiencewithout thepremiumpricingof morecentral Vail locations West Vail,Sandstone,and Lionsridgedeliver arealistic and appealingapproachfor thoselookingto call the mountainshome
MLS Areas: Potato Patch, Sandstone Lionsridge, Buffehr Creek, West Vail North & South, Highland Meadows
MinturnandRedCliff represent theauthentic heart of mountaintownliving,offeringacounterpoint to Vail's resort landscapewiththeir richmininghistoryand genuine Colorado character Thesesmall townsprovideaglimpse into theregion'shistorical roots,wherecommunityspirit andmountainlifestyletakeprecedence
Minturn,nestledalongtheEagleRiver,maintainsitshistoric charmwithrestored19th-centurybuildingsand atight-knit communityatmosphere Thetownservesasagatewayto bothVail and extensivebackcountryrecreation,attracting thosewho valueproximityto wildernessand amore groundedmountainexperience Red Cliff,perched dramaticallyinanarrowmountainvalley,offersaneven moresecludedmountainlivingoption,withpropertiesthat speak to adventurersand thoseseekingcomplete mountainimmersion
Thesecommunitiesappeal to homeownerslookingbeyond traditional resort livingwithdirect accessto outdoor recreation,andagenuineconnectionto Colorado's mountainculture For thoseseekingfor authentic mountaintownliving,Minturnand Red Cliff present a compellingalternative
$1,154 averagesold priceper squarefoot,an8% increaseover 2023 187 number of transactions, a30%increaseover 2023 $10.35M highest sale,in MountainStar SSFrepresented theseller
#1 SSF market share
BEAVER CREEK
Beaver Creek standsasameticulouslydesigned mountain resort community,offeringarefinedresidential experience that blendsworld-classskiingwithsophisticated living UnlikethemorebustlingVail,thisneighborhoodrepresents adeliberatelycraftedenvironment whereeverydetail is considered,fromarchitectural designto community infrastructure
Residential optionsrangefromslope-sidecondominiums to expansivecustommountainestates,eachpositionedto maximizestunningmountainviewsand direct accessto someof Colorado'smost immaculateski terrain Thearea isrenownedfor itsdeliberatelyuncrowded ski mountain, manicuredruns,and alevel of servicethat elevates mountainlivingto anart form
Beyondwinter recreation,Beaver Creek transformsinto a year-round destinationwithhikingtrails,mountainbiking, golf,andarobust calendar of cultural events For homeowners,thismeansinvestinginapropertythat offers not just aresidence,but acomprehensivelifestyle experience? wherethelinesbetweenluxury,recreation, andcommunityblur into asingular,exceptional mountain livingproposition
Arrowheadsitshappilyasoneof theVail Valley'smost distinctiveresidential communities,offeringamore intimateandcarefullycurated mountainlivingexperience Nestled west of Beaver Creek andBachelor Gulch,this neighborhoodprovidesauniquebalanceof privacyand accessibility,withacharacter that setsit apart from surroundingresort developments
Thecommunityfeaturespredominantlysingle-family homesand townhousesdesignedwithathoughtful approachto mountainarchitecture Expansivelots, carefullypreservednatural landscapes,and strategic positioningcreatearesidential environment that feelsboth exclusiveandorganicallyconnected to thesurrounding alpineterrain Itsgolf courseaddsanadditional layer of recreational appeal,creatingamultifaceted,elevated livingexperience
Arrowheadrepresentsarefined approachto mountain residential life,appealingto homeownersseekingamore secludedyet fullyequipped mountaincommunity,with direct accessto Beaver Creek ski resort and ameticulously maintainedsenseof privacy
For homeownersprioritizingprivacy,natural beauty,and a genuineconnectionto mountainterrain,LakeCreek Valley offersadistinctiveresidential option Itslocationprovides easyaccessto Edwards' serviceswhilemaintainingasense of retreat that feelsworldsawayfrommorepopulated mountaindevelopments
numbers include a single-family estate auction (Casteel Creek)
Thesethreeinterconnectedcommunitiesrepresent the Vail Valley'smoreruggedwesternedge,offeringadistinctly different mountainlivingexperiencefromresort-centric neighborhoods.Wolcott,Bellyache,and Red SkyRanch provideanauthentic Colorado landscapewhereresidential opportunitiesmergewithagricultural heritageand dramatic natural terrain.
RedSkyRanchanchorsthisregionwithworld-classgolf facilitiesandcarefullyplannedresidential developments Thecommunityfeaturesexceptional customhomesites designed to capitalizeonsweepingvalleyviewsand surroundingmountainranges.
1 Incomparablenetwork, connected to the uniquepower of the Forbesbrand
Weareaproud foundingmember of ForbesGlobal Properties,anetwork of world-classindependent real estatebrokeragesrepresentingtheworld's finest propertiesand thestoriesbehindthem 2024 wasanother banner year for thenetwork asnewglobal memberswereadded buildingthenetwork,all to helprepresent our client'spropertiesinternationallylikenever before.
