The 2022 Slifer Report | Vail Valley

THE SLIFER REPORT 2022 EAGLE COUNTY | Annual Real Estate Market Review

CO N T E N T S Looking Back On 2021................................................ 3 2021 Vail Valley Overview.......................................... 4 2021 Vail Valley Luxury Overview.......................... 5 2021 Notable Sales.......................................................14 2021 New Developments..........................................15 2021 Land Overview...................................................25

EAST

TO

WEST

Vail Village & Lionshead............................................. 6

STAY UP TO DATE ALL YEAR LONG Our team of market experts updates the Slifer Report every quarter. To see the latest numbers and dive even deeper

Vail Golf Course & Cascade Village...................... 7

into the report scan the code or visit:

East Vail.............................................................................. 8

VailRealEstate.com/Slifer-Report

West Vail............................................................................ 9 Minturn.............................................................................. 10 Eagle-Vail........................................................................... 11 Avon & Wildridge.......................................................... 12 Mountain Star.................................................................13 Beaver Creek...................................................................16 Bachelor Gulch............................................................... 17 Arrowhead.......................................................................18 Edwards.............................................................................19 Singletree........................................................................ 20 Cordillera...........................................................................21 Wolcott.............................................................................22 Eagle & Eagle Ranch..................................................23 Gypsum.............................................................................24

SOURCE Sold residential and land properties within Eagle County, counting both listing and buy sides from January 1, 2021-December 31, 2021.

Source of all data 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. ©2022 Slifer Smith & Frampton Real Estate.

S L I F E R S M I T H & F R A M P T O N R E A L E S TAT E | 2

LOOKING BACK, FOCUSING AHEAD As 2022 begins with a few feet of fresh snow and the culmination of a postcard perfect holiday season that made our resorts world-renowned, the real estate market remains incredibly strong. In fact, the total Vail MLS sales volume for Eagle County in 2021 topped out at nearly $3.4 billion of which the Slifer Smith & Frampton team accounted for $2.5 billion of sales volume. The simple economic factors of limited supply and increasing demand continue to drive numbers to record-breaking heights in the Vail Valley.

We all know that the Vail Valley is a premier mountain community, and the lifestyle that comes along with property ownership has a broad appeal to buyers. Our clients want to put down roots and spend more time here, as evidenced by the robust absorption across all property types. For example, at the start of 2021 there was a 4.3-month supply of inventory, and in December the absorption yielded a 1.4 month supply of inventory.

Buyers continue to migrate from urban centers to mountain communities like the Vail Valley. We’ve witnessed second homes turn into primary residences and people moving to our valley on a semi full-time basis. Now that we’ve moved from the office boardroom to the virtual meeting room, people are trading their metropolitan lifestyles for mountain town living, a place where they can spend time enjoying our mountain valleys. We expect to see these trends continue and for the market to remain strong as we launch into 2022.

As we begin this New Year, one thing remains the same: Slifer Smith & Frampton provides our clients with the stability of a locally owned, community-oriented company that’s been in existence for 60 years. We are a founding member of Forbes Global Properties, a consumer marketplace and membership network of elite brokerages representing the world’s most luxurious homes. Already, we have seen tremendous growth and property exposure in the last year because of the partnership. Along with our affiliation with Luxury Portfolio International and Leading Real Estate Companies of the World, the firm is locally based while also having a global reach, which ultimately enables SSF to be a top producing company for Buyers and Sellers in Colorado’s luxury real estate market.

As we celebrate 60 years in operation for our firm in 2022, it will be that same vision, foresight and innovation that will help guide SSF and the Vail Valley for the next 60 years.

MATT FITZGERALD Market President Eagle County

T H E S L I F E R R E P O R T E AG L E CO U N T Y 2 02 2 | 3

SALES VOLUME & MARKET SHARE SALES VOLUME COMPARISON

SALES VOLUME COMPARISON | SSF MARKET SHARE

S L I F E R S M I T H & F R A M P T O N R E A L E S TAT E | 4

LUXURY SALES VOLUME & MARKET SHARE

Residential Sales Over $4million

LUXURY SALES VOLUME COMPARISON

LUXURY SALES VOLUME COMPARISON | SSF MARKET SHARE

THE LUXURY COLLECTION T H E S L I F E R R E P O R T E AG L E CO U N T Y 2 02 2 | 5

VAIL VILLAGE & LIONSHEAD

2021 breakdown

119 Vail Village Sales

66 Lionshead Sales

30.5M

$

SSF’s highest sale in Vail Village - represented Seller

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VAIL GOLF COURSE & CASCADE VILLAGE

2021 breakdown

22

Vail Golf Course Sales

12 Cascade Sales

64.5M

$

SSF’s closed sales volume #1 in market share

T H E S L I F E R R E P O R T E AG L E CO U N T Y 2 02 2 | 7

EAST VAIL

2021 breakdown

22.5M

$

Highest sale price for single-family residence.

-SSF represented the buyer & seller

111.2M

$

SSF’s closed sales volume 44% market share

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WEST VAIL

2021 breakdown

47

Vail Village Sales

28

Lionshead Sales

3.6M

$

Highest sale price for a duplex

T H E S L I F E R R E P O R T E AG L E CO U N T Y 2 02 2 | 9

MINTURN

2021 breakdown

14 Minturn Sales

11

Red Cliff Sales

2.1M

$

Highest sale price for singlefamily residence

S L I F E R S M I T H & F R A M P T O N R E A L E S TAT E | 1 0

EAGLE-VAIL

2021 breakdown

14 days

Lowest average days on market for any neighborhood in the Vail Valley

3.5M

$

Highest sale price for singlefamily residence

T H E S L I F E R R E P O R T E AG L E CO U N T Y 2 02 2 | 1 1

AVON & WILDRIDGE

2021 breakdown

157M

$

SSF’s closed sales volume 39% market share

Riverfront Village

SSF represented the developments with the highest sale price and highest price per square foot in 2021 in Riverfront Village

S L I F E R S M I T H & F R A M P T O N R E A L E S TAT E | 1 2

MOUNTAIN STAR

2021 breakdown

55.5M

$

SSF’s closed sales volume 40% market share

2

Single-family residences on the market in Mountain Star

-as of 1.12.22, compared to 8 last year at this time

T H E S L I F E R R E P O R T E AG L E CO U N T Y 2 02 2 | 1 3

2021

SLIFER SMITH & FRAMPTON’S

NOTABLE SALES IN EAGLE COUNTY

Vail Village | Represented the Seller

Vail | Represented the y Bu er & Seller

Mountain Star | Represented the Seller

Beaver Creek | Represented the y Bu er & Seller

Bachelor Gulch | Represented the y Bu er & Seller

Bachelor Gulch | Represented the Seller

S L I F E R S M I T H & F R A M P T O N R E A L E S TAT E | 1 4

Vail Village | Represented the y Bu er & Seller

We are proud to be the only brokerage in Colorado with a full division dedicated to bringing new developments to market. Our end to end service has delivered another record year in 2021, creating more new homes in our communities than ever before.

To learn more, visit SliferDevelopmentSales.com >>>

EAGLE COUNTY NEW DEVELOPMENT PROJECTS

571

$ Million

2021 Sales Volume In 2021 our teams sold $571,257,858 in new development sales.*

BASECAMP ON THE CREEK Avon

343 New Homes Sold in 2021 In 2021 our teams sold 343 new homes to our valued clients.*

2

RESIDENCES AT RIVERFRONT Avon

Sold Out Projects In 2021 our team sold out 2 new projects in Eagle County.

2021 NEW DEVELOPMENT SALES OVERVIEW AREA

CLOSED VOLUME

CONTRACTS PENDING CLOSED VOLUME

PENDING TOTAL CONTRACTS VOLUME

TOTAL CONTRACTS

Eagle County

$95,915,378

47

$63,485,000

17

$159,400,378

64

Summit County

$10,773,000

15

$133,827,500

156

$144,600,500

171

Roaring Fork Valley

$42,413,003

17

$224,843,977

91

$267,256,980

108

Total

$149,101,381

79

$422,156,477

264

$571,257,858

343

*Pending and closed sales volume and sides 1.1.21-12.31.21

T H E S L I F E R R E P O R T E AG L E CO U N T Y 2 02 2 | 1 5

BEAVER CREEK

2021 breakdown

10.95M

$

Highest sale price for single-family residence.

-SSF represented the buyer & seller

340.5M

$

SSF’s closed sales volume 43% market share

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BACHELOR GULCH

2021 breakdown

334M

$

SSF’s closed sales volume 64% market share

16M

$

Highest sale price for singlefamily residence

-SSF represented the seller

2,288 Highest price per $

square foot

T H E S L I F E R R E P O R T E AG L E CO U N T Y 2 02 2 | 1 7

ARROWHEAD

2021 breakdown

225M

$

SSF’s closed sales volume 69% market share, our highest in Eagle County

10.6M

$

Highest sale price for singlefamily residence

1,056 Highest price per $

square foot

S L I F E R S M I T H & F R A M P T O N R E A L E S TAT E | 1 8

EDWARDS

2021 breakdown

41 Edwards Sales

59 Homestead Sales

11

Lake Creek Sales

98.5M

$

SSF’s closed sales volume #1 in market share

T H E S L I F E R R E P O R T E AG L E CO U N T Y 2 02 2 | 1 9

SINGLETREE

2021 breakdown

48.8M

$

SSF’s closed sales volume 34% market share

3.9M

$

Highest sale price for singlefamily residence

834

$

Highest price per square foot

S L I F E R S M I T H & F R A M P T O N R E A L E S TAT E | 2 0

CORDILLERA

2021 breakdown

223.7M

$

SSF’s closed sales volume 49% market share

6.5M

$

Highest sale price for singlefamily residence -SSF represented the buyer & seller

1,044

$

Highest price per square foot

T H E S L I F E R R E P O R T E AG L E CO U N T Y 2 02 2 | 2 1

WOLCOTT

2021 breakdown

31.6M

$

SSF’s closed sales volume 42% market share

8.45M

$

Highest sale price for single-family residence.

853

$

Highest price per square foot

S L I F E R S M I T H & F R A M P T O N R E A L E S TAT E | 2 2

EAGLE & EAGLE RANCH

2021 breakdown

97

Eagle Sales

70

Eagle Ranch Sales

3.1M

$

Highest price for single-family residence

-SSF represented the buyer

90.8M

$

SSF’s closed sales volume #1 in market share

T H E S L I F E R R E P O R T E AG L E CO U N T Y 2 02 2 | 2 3

GYPSUM

2021 breakdown

124 Gypsum Sales

41

Cotton Ranch Sales

1.4M

$

Highest sale price for a ranch

507

$

Highest price per square foot condominiums

S L I F E R S M I T H & F R A M P T O N R E A L E S TAT E | 2 4

2021 LAND REVIEW LAND SALES VOLUME COMPARISON

LAND SALES TRANSACTION COMPARISON

LAND SALES VOLUME COMPARISON | SSF MARKET SHARE

T H E S L I F E R R E P O R T E AG L E CO U N T Y 2 02 2 | 2 5

FROM ASPEN TO DENVER AND AROUND THE WORLD

FORBES GLOBAL PROPERTIES IN 2021

1 of 10

135

FOUNDING MEMBERS

WORLD-WIDE LOCATIONS

2,400

2,855

LUXURY EXPERTS

LUXURY LISTINGS FEATURED

WOLCOT T

70

GYPSUM

EDWARDS

TO DENVER >> 70

E AGLE

EAGLE COUNT Y AIRPORT

VAIL

AVON

ARROWHEAD

EAGLEVAIL

70

BACHELOR GULCH << TO GRAND JUNCTION

DOWNTOWN DENVER

70

CORDILLERA

BEAVER CREEK

SILVERTHORNE KEYSTONE RESORT

VAIL SKI RESORT

KEYSTONE

MINTURN

FRISCO

BEAVER CREEK SKI RESORT

70

GLENWOOD SPRINGS

NORTH COPPER MOUNTAIN BRECKENRIDGE SKI RESORT

BRECKENRIDGE

82

EL JEBEL CARBONDAL E WILLITS

BASALT

82

WOODY CREEK

SNOWMASS VILLAGE SNOWMASS SKI RESORT

ASPEN BUTTERMILK MTN ASPEN HIGHLANDS

Forb esGlobalProp erties.com >>>

ASPEN SKI RESORT

Established in 2020 with 10 founding members, the invitation-only network now spans 135 locations and comprises approximately 2,400 luxury property experts across the U.S., Asia, Australia, Canada, Mexico, the Middle East, and Europe. More than 100 million monthly visitors to forbes.com enjoy unrivaled access to an elite collection of properties presented within the hallmark context of trusted editorial content and timely market data.

S L I F E R S M I T H & F R A M P T O N R E A L E S TAT E | 2 6

CELEBRATING 60 YEARS

Founded on Bridge Street, Vail back in 1962 no one has a connection to Colorado

real estate quite like Slifer Smith & Frampton. Over the years we have grown to the hundreds of brokers you know today working in every neighborhood from East Vail to Gypsum, but our commitment to our valued clients remains as unwavering as ever.

Slifer Smith & Frampton THEN...

...and NOW

1 Broker

250+ Brokers

1 Office

16 Offices

Bridge Street, Vail

1 Market Just Vail

In The Vail Valley

4 Markets

From Aspen to Denver

ROARING FORK VALLEY | EAGLE COUNTY | SUMMIT COUNTY | DENVER T H E S L I F E R R E P O R T E AG L E CO U N T Y 2 02 2 | 2 7

STAY UP TO DATE ALL YEAR LONG Our team of market experts updates the Slifer Report every quarter. To see the latest numbers and dive even deeper into the report scan the code or visit:

VailRealEstate.com/Slifer-Report