T he Slifer R eport VAIL VALLEY REAL ESTATE 2015 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 New Development..................................................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. We experienced a seven-year high in sales volume and eight-year high of transactions in 2015. With over $1.4 billion in sales, overall volume was up $95 million compared with 2014. Transaction volume increased 11%, with 1,418 closings compared to 1,264 the year before. A major force in this improvement was the Arrowhead market. Overall sales volume in Arrowhead was up 35% in 2015 with a final total of $130 million compared to $84 million in 2014. Arrowhead saw the biggest jump in total sales volume but it was not the only market to see an increase in 2015. The “Down Valley” areas of Eagle and Gypsum were up 30% in 2015 with a final total of $144.5 million in sales volume compared to $101 million in 2014. Cordillera also showed a nice increase, up 14% in sales volume, with over $87 million in total sales. The mid-valley markets of Eagle-Vail, Avon, Wildridge and Mountain Star saw an increase of 12% over 2014 with a combined sales volume of $131 million. Constrained inventory levels have been an issue for most segments of the Vail Valley for the past five years. While the overall market saw a 10% increase in new listings at year’s end, many of the valley’s sub-markets continue to offer a limited number of homes, something that has presented a challenge to prospective buyers. When combined with a 14% drop in Average Days on Market, it is essential for you to have access to the most up-todate information available when seeking a new home. With that in mind, Slifer Smith & Frampton is pleased to announce that we are the first company in the Valley to offer “Real Time Alerts”. (See page 26 for more information) 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 19 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
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 >>>
WOLCOTT >>>
The Divide | 2203 Cordillera Way | 970.926.3505
Red Sky Ranch | 376 Red Sky Rd | 970.754.8411
The Summit | 325 Settlers Loop | 970.926.6752
2015 A N N UA L SL I FE R R E P O R T 4
GLANCE North Singletree
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
EAGLE Eagle Ranch | 1143 Capitol St | 970.328.2550
2015 A N N UA L SL I FE R R E P O R T 5
2 015 VA I L VA L L E Y OV E R V I E W TRANSACTION VOLUME COMPARISON 1500 1,418
NUMBER OF TRANSACTIONS
1200
1,266
1,234
1,264
998
900
600
300
0
2011
2012
2013
2014
2015
SALES VOLUME COMPARISON $1.5B 1.43B
$
$1.4B 1.33B
$
$1.3B $1.2B 1.17B
MILLIONS-BILLIONS
$
$1.1B 1.06B
$
$1B $900M $800M
930M
$
2011
2012
2013
2014
2015
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. ©2016 Slifer Smith & Frampton Real Estate
2015 A N N UA L SL I FE R R E P O R T 6
2 015 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 LU 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
$150 559.3
$
$125
536.1
$
$500
131.2
$
115.8
$
$400
MILLIONS
MILLIONS
$100
361.8
$
$300
2013
2014
$50
2015
BE AVER CREEK MOUNTAIN ( BC, BG, AH $ ) 149.4 $ 134.0 CREEK MOUNTAIN (BC, BG, AH) BEAVER $ 118.2 $ $400 110.3
89.7
$
$75
2013
2014
2015
SINGLETREE, EDWARDS, HOMESTE AD, $ 158.2 $ L AKECREEK 149.4 $ 134.0 SINGLETREE,$ EDWARDS, HOMESTEAD, LK 118.2 $ 110.3 $120
158.2
$
118.1
$
369.4
$
$350
MILLIONS
MILLIONS
$300 298.3
$
$250
2013
111.7
$
$110
335.2
$
2014
2015
107.2
$
$100
CORDILLER A
2013
2014
2015
E AGLE, GYPSUM 149.4
$
CORDILLERA
$90 134.0
158.2
$
$
118.2
$
134.0
$
$150 110.3
158.2
$
149.4
$
EAGLE TO GYPSUM 118.2
$
$
110.3
$
87.6
$
144.6
$
$80 75.9
$
$100
70.6
$
MILLIONS
MILLIONS
$70
$60
$50
2013
2014
2015
102.6
$
$50
101.1
$
2013
2014
2015
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. ©2016 Slifer Smith & Frampton Real Estate
2015 A N N$158.2 UA L SL I FE R R E P O R T $ 149.4 134.0
$
118.2
$
110.3
$
7
$
134.0
$
118.2
$
110.3
$
149.4
158.2
$
TRANSACTION VOLUME COMPARISONRESIDENTIAL OVER $5MILLION NUMBER OF TRANSACTIONS
40 36
37 35
34
32 28 27
27
24 20
2011
2012
2013
2014
2015
SALES VOLUME COMPARISONRESIDENTIAL OVER $5MILLION $350
$300
$301.2M $271.1M
MILLIONS
$250
$200
$295.2M
$210.3M $182.7M
$150
2011
2012
2013
2014
2015
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. ©2016 Slifer Smith & Frampton Real Estate
2015 A N N UA L SL I FE R R E P O R T
MOUNTAINLUXURYCOLLECTION.COM
8
NEW DEVELOPMENT S ANNUAL SALES 2015
INVENTORY (AS OF JAN.1 2016) -LISTED -AVG. LIST PRICE -AVG. PPSF
PROPERTY
DEVELOPER
BUILDER
STATUS
Anglers Preserve Edwards, CO
Resort Concepts
Resort Concepts
9 Single Family 2 U/C
New Project in 2016
7 Listed $2,299,286 $622
Brookside Park Signature Lofts Avon, CO
Navarro Lowrey Inc.
RA Nelson
16 Lofts 10 Sold 62.5% Sold
10 Sold $911,069 $590
6 Listed $1,578,833 $718
Brush Creek Village Townhomes Eagle, CO
Wynton Homes LLC
Wynton Homes LLC
80 Townhomes 65 Sold 81% Sold
7 Sold $406,695 $223.09
2 Listed $417,000 $234.20
Cimarron Mountain Club TellurideCrested Butte, CO
High Cimarron LLC
N/A
12 Parcels 2 Sold 17% Sold
2 Sold $3,225,000
10 Listed $3,225,000
Four Seasons Private Residences Vail, CO
Four Seasons
N/A
16 Residences 15 Sold 93% Sold
5 sold $6,750,000 $2,029
Last Residence currently U/C
Frost Creek Eagle, CO
Brue Capital Partners
N/A
18 Homesites listed in 2016 4 Sold 2016 2 U/C
11 Homesites Sold $304,318
18 Homesites Listed $350,000
11 Sold $363,272 $210
3 Listed $385,000 $213
-SOLD -AVG. SALE PRICE -AVG. PPSF
Hawk's Nest Gypsum, CO
Green Valley Homes
Green Valley Homes
60 units total Phase 1 = 22 Units 11 Sold 2 Leased 50% Sold
Soleil Homes at Brush Creek Eagle, CO
Wynton Homes LLC
Wynton Homes LLC
32 Single Family 0 Sold 0% Sold
N/A
7 Listed $640,875 $225.75
The Landmark Residences Vail, CO
The Alter Group
The Alter Group
16 Residences 13 Sold 81% Sold
2 Sold $3,360,000 $1,393
3 Listed $2,342,000 $1,474
The Pointe Edwards, CO
Summit Habitats
Jerry Rahe
11 Single Family 5 Sold 45% Sold
1 Under Contract in 2015 $409
6 Listed $1,915,000 $440.61
The Residences at the Westin Riverfront Avon, CO
East West Partners
RA Nelson
3 Residences 2 Sold 66% Sold
1 Sold $1,520,000 $932
1 Listed $2,375,000 $1,132
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. ©2016 Slifer Smith & Frampton Real Estate
2015 A N N UA L SL I FE R R E P O R T 9
VAIL VILLAGE & LIONSHEAD
18.90%
S I N G L E - FA M I LY/ D U P L E X
LESS TIME SPENT ON THE MARKET COMPARED TO 2012-2014 AVG. (S-FAM/DUPLEX)
SALES VOLUME
NO. OF SALES
AVER AGE DAYS ON MARKET
AVER AGE SALE
2011
$42,650,000
5
266
$8,530,000
2012
$79,340,000
11
437
$7,212,727
2013
$48,350,000
7
347
$6,907,143
2014
$130,753,000
13
311
$10,057,923
2015
$93,945,000
10
296
$9,394,500
SALES VOLUME
NO. OF SALES
AVER AGE DAYS ON MARKET
AVER AGE SALE
2011
$187,149,130
67
307
$2,793,271
2012
$182,315,850
82
391
2013
$164,187,532
78
401
$2,104,968
2014
$237,746,300
86
370
$2,764,492
2015
$233,298,708
92
448
$2,535,856
CONDOMINIUM / TOWNHOME
21.98% INCREASE IN # OF SALES OVER THE 2011-2014 AVG. (CONDO/TH)
$2,223,364
90.84%
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/DUPLEX AVERAGE:
2011
2012
2013
2014
$1,907
$1,537
$1,611
$1,833
CONDOMINIUM / TOWNHOME
2015
$1,853 AVERAGE:
2011
2012
2013
2014
2015
$1,338
$1,255
$1,232
$1,371
$1,389
SALE PRICE VS LIST PRICE SINGLE-FAMILY/DUPLEX AVERAGE OF SALE PRICE/LAST LISTED PRICE:
CONDOMINIUM / TOWNHOME AVERAGE OF SALE PRICE/LAST LISTED PRICE:
90.84%
91.80%
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. ©2016 Slifer Smith & Frampton Real Estate
2015 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
2011
$15,000,000
3
219
$5,000,000
2012
$37,831,500
11
463
$3,439,227
2013
$15,507,500
5
479
$3,101,500
2014
$15,725,000
4
484
$3,931,250
2015
$11,350,000
5
358
$2,270,000
SALES VOLUME
NO. OF SALES
AVER AGE DAYS ON MARKET
AVER AGE SALE
2011
$9,089,000
7
327
$1,298,429
2012
$13,729,250
10
284
$1,372,925
2013
$16,215,000
14
227
$1,158,214
2014
$17,756,750
14
320
$1,268,339
$15,450,000
12
112
$1,287,500
LESS TIME SPENT ON THE MARKET COMPARED TO 2012-2014 AVG. (S-FAM/DUPLEX)
CONDOMINIUM / TOWNHOME
2015
24.68%
61.31% LESS TIME SPENT ON THE MARKET COMPARED TO 2011-2014 AVG. (CONDO/TH)
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/DUPLEX AVERAGE:
CONDOMINIUM / TOWNHOME
2011
2012
2013
2014
2015
2011
2012
2013
2014
2015
$1,113
$810
$762
$817
$669 AVERAGE:
$685
$642
$625
$691
$713
SALE PRICE VS LIST PRICE SINGLE-FAMILY/DUPLEX AVERAGE OF SALE PRICE/LAST LISTED PRICE:
CONDOMINIUM / TOWNHOME AVERAGE OF SALE PRICE/LAST LISTED PRICE:
96.84%
93.85%
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. ©2016 Slifer Smith & Frampton Real Estate
2015 A N N UA L SL I FE R R E P O R T 11
VAIL - ALL OTHER AREAS
MOST
S I N G L E - FA M I LY/ D U P L E X
SINGLE-FAMILY/ DUPLEX HOME SALES IN THE PAST 5 YEARS
51.39%
SALES VOLUME
NO. OF SALES
AVER AGE DAYS ON MARKET
AVER AGE SALE
2011
$58,861,385
42
308
$1,401,462
2012
$60,687,018
44
227
$1,379,250
2013
$63,007,303
39
182
$1,615,572
2014
$85,176,790
51
197
$1,670,133
2015
$104,371,550
56
173
$1,863,778
SALES VOLUME
NO. OF SALES
AVER AGE DAYS ON MARKET
AVER AGE SALE
2011
$35,852,885
81
222
$442,628
2012
$52,358,350
124
208
$422,245
2013
$51,599,402
114
118
$452,626
2014
$51,543,600
107
135
$481,716
2015
$59,372,515
118
83
$503,157
CONDOMINIUM / TOWNHOME
LESS TIME SPENT ON THE MARKET COMPARED TO 2011-2014 AVG. (CONDO/TH)
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/DUPLEX AVERAGE:
CONDOMINIUM / TOWNHOME
2011
2012
2013
2014
2015
2011
2012
2013
2014
2015
$404
$423
$487
$480
$514 AVERAGE:
$357
$351
$387
$410
$448
SALE PRICE VS LIST PRICE SINGLE-FAMILY/DUPLEX AVERAGE OF SALE PRICE/LAST LISTED PRICE:
CONDOMINIUM / TOWNHOME AVERAGE OF SALE PRICE/LAST LISTED PRICE:
91.86%
95.88%
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. ©2016 Slifer Smith & Frampton Real Estate
2015 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
2011
$17,460,000
22
160
$793,636
2012
$17,386,670
35
115
$496,762
2013
$15,720,000
28
103
$561,429
2014
$19,199,700
29
115
$662,059
2015
$18,776,000
26
93
$722,154
SALES VOLUME
NO. OF SALES
AVER AGE DAYS ON MARKET
AVER AGE SALE
2011
$7,216,770
25
151
$288,671
2012
$9,555,800
37
129
$258,265
2013
$11,710,776
36
122
$325,299
2014
$11,119,000
28
64
$397,107
2015
$20,406,715
50
63
$408,134
9.52% ANNUALIZED GROWTH RATE IN AVG. SALES PRICE SINCE 2012 (S-FAM/DUPLEX)
CONDOMINIUM / TOWNHOME
83.5% INCREASED SALES VOLUME OVER 2014’S (CONDO/TH)
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/DUPLEX AVERAGE:
CONDOMINIUM / TOWNHOME
2011
2012
2013
2014
2015
2011
2012
2013
2014
2015
$221
$217
$243
$274
$279 AVERAGE:
$214
$188
$227
$242
$302
SALE PRICE VS LIST PRICE SINGLE-FAMILY/DUPLEX AVERAGE OF SALE PRICE/LAST LISTED PRICE:
CONDOMINIUM / TOWNHOME AVERAGE OF SALE PRICE/LAST LISTED PRICE:
96.33%
96.60%
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. ©2016 Slifer Smith & Frampton Real Estate
2015 A N N UA L SL I FE R R E P O R T 13
AVON & WILDRIDGE
12.37%
S I N G L E - FA M I LY/ D U P L E X
ANNUALIZED GROWTH RATE IN AVG. SALES PRICE SINCE 2011 (S-FAM/DUPLEX)
36.42%
SALES VOLUME
NO. OF SALES
AVER AGE DAYS ON MARKET
AVER AGE SALE
2011
$7,381,700
11
131
$671,064
2012
$19,913,000
30
203
$663,767
2013
$15,955,500
22
130
$725,250
2014
$22,525,400
28
98
$804,479
2015
$22,668,250
27
150
$839,565
SALES VOLUME
NO. OF SALES
AVER AGE DAYS ON MARKET
AVER AGE SALE
2011
$47,941,568
109
127
$439,831
2012
$30,815,150
102
166
$302,109
2013
$40,549,253
107
187
$378,968
2014
$52,443,898
127
124
$412,944
2015
$45,629,398
103
96
$443,004
CONDOMINIUM / TOWNHOME
LESS TIME SPENT ON THE MARKET COMPARED TO 2011-2014 AVG. (CONDO/TH)
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/DUPLEX AVERAGE:
CONDOMINIUM / TOWNHOME
2011
2012
2013
2014
2015
2011
2012
2013
2014
2015
$207
$209
$248
$243
$281 AVERAGE:
$331
$269
$318
$334
$388
SALE PRICE VS LIST PRICE SINGLE-FAMILY/DUPLEX AVERAGE OF SALE PRICE/LAST LISTED PRICE:
CONDOMINIUM / TOWNHOME AVERAGE OF SALE PRICE/LAST LISTED PRICE:
95.02%
95.78%
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. ©2016 Slifer Smith & Frampton Real Estate
2015 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
2011
$9,870,000
3
507
$3,290,000
2012
$16,050,000
4
357
$4,012,500
2013
N/A
N/A
N/A
N/A
2014
$8,700,000
3
$521
$2,900,000
2015
$18,245,000
3
$407
$6,081,667
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/DUPLEX AVERAGE:
2011
2012
2013
2014
2015
$570
$499
N/A
$554
$742
SALE PRICE VS LIST PRICE SINGLE-FAMILY/DUPLEX AVERAGE OF SALE PRICE/LAST LISTED PRICE:
91.29%
37.15% INCREASED $/SQFT COMPARED TO 2011-2014 AVG. (S-FAM/DUPLEX)
$18.425M S-FAM/DUPLEX HIGHEST SALES VOLUME LAST 5 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. ©2016 Slifer Smith & Frampton Real Estate
2015 A N N UA L SL I FE R R E P O R T 15
BE AVER CREEK
97.84%
S I N G L E - FA M I LY/ D U P L E X
INCREASED SALES VOLUME OVER 2014’S (S-FAM/DUPLEX)
24.79%
SALES VOLUME
NO. OF SALES
AVER AGE DAYS ON MARKET
AVER AGE SALE
2011
$28,481,000
8
481
$3,560,125
2012
$73,658,500
19
248
$3,876,763
2013
$39,175,000
11
257
$3,561,364
2014
$41,745,000
11
302
$3,795,000
2015
$82,590,000
17
460
$4,858,235
SALES VOLUME
NO. OF SALES
AVER AGE DAYS ON MARKET
AVER AGE SALE
2011
$79,669,000
59
339
$1,350,322
2012
$108,120,279
63
318
$1,716,195
2013
$76,038,500
61
325
$1,246,533
2014
$102,666,049
76
337
$1,350,869
2015
$76,645,900
60
248
$1,277,432
CONDOMINIUM / TOWNHOME
LESS TIME SPENT ON THE MARKET COMPARED TO 2011-2014 AVG. (CONDO/TH)
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/DUPLEX AVERAGE:
CONDOMINIUM / TOWNHOME
2011
2012
2013
2014
2015
2011
2012
2013
2014
2015
$635
$614
$630
$617
$753 AVERAGE:
$673
$705
$660
$697
$684
SALE PRICE VS LIST PRICE SINGLE-FAMILY/DUPLEX AVERAGE OF SALE PRICE/LAST LISTED PRICE:
CONDOMINIUM / TOWNHOME AVERAGE OF SALE PRICE/LAST LISTED PRICE:
88.08%
94.40%
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. ©2016 Slifer Smith & Frampton Real Estate
2015 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
2011
$66,398,750
10
521
$6,639,875
2012
$65,285,000
8
251
$8,160,625
2013
$73,830,000
12
529
$6,152,500
2014
$48,412,000
7
382
$6,916,000
2015
$19,657,500
2
622
$9,848,750
SALES VOLUME
NO. OF SALES
AVER AGE DAYS ON MARKET
AVER AGE SALE
2011
$32,378,000
15
410
$2,158,533
2012
$32,432,500
18
175
$1,801,806
2013
$31,246,800
17
378
$1,838,047
2014
$58,047,500
24
262
$2,418,646
2015
$56,693,400
35
189
$1,619,811
MOST CONDO/TH SALES IN THE PAST 5 YEARS
CONDOMINIUM / TOWNHOME
38.28% LESS TIME SPENT ON THE MARKET COMPARED TO 2011-2014 AVG. (CONDO/TH)
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/DUPLEX AVERAGE:
CONDOMINIUM / TOWNHOME
2011
2012
2013
2014
2015
2011
2012
2013
2014
2015
$877
$912
$848
$901
$974 AVERAGE:
$784
$765
$746
$876
$858
SALE PRICE VS LIST PRICE SINGLE-FAMILY/DUPLEX AVERAGE OF SALE PRICE/LAST LISTED PRICE:
CONDOMINIUM / TOWNHOME AVERAGE OF SALE PRICE/LAST LISTED PRICE:
92.07%
96.91%
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. ©2016 Slifer Smith & Frampton Real Estate
2015 A N N UA L SL I FE R R E P O R T 17
ARROWHE AD
8.11%
S I N G L E - FA M I LY/ D U P L E X
ANNUALIZED GROWTH RATE IN AVG. SALES PRICE SINCE 2011 (S-FAM/DUPLEX)
37.88%
SALES VOLUME
NO. OF SALES
AVER AGE DAYS ON MARKET
AVER AGE SALE
2011
$55,607,500
26
412
$2,138,750
2012
$78,311,406
32
322
$2,447,231
2013
$56,762,714
29
253
$1,957,335
2014
$54,229,933
24
348
$2,582,378
2015
$99,168,816
35
200
$2,833,395
SALES VOLUME
NO. OF SALES
AVER AGE DAYS ON MARKET
AVER AGE SALE
2011
$9,201,500
11
238
$836,000
2012
$13,039,500
15
473
$869,300
2013
$17,713,300
19
256
$932,279
2014
$30,105,500
36
192
$836,264
2015
$30,661,075
32
180
$958,159
CONDOMINIUM / TOWNHOME
LESS TIME SPENT ON THE MARKET COMPARED TO 2011-2014 AVG. (CONDO/TH)
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/DUPLEX AVERAGE:
CONDOMINIUM / TOWNHOME
2011
2012
2013
2014
2015
2011
2012
2013
2014
2015
$428
$466
$436
$478
$555 AVERAGE:
$459
$479
$483
$489
$569
SALE PRICE VS LIST PRICE SINGLE-FAMILY/DUPLEX AVERAGE OF SALE PRICE/LAST LISTED PRICE:
CONDOMINIUM / TOWNHOME AVERAGE OF SALE PRICE/LAST LISTED PRICE:
93.44%
94.73%
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. ©2016 Slifer Smith & Frampton Real Estate
2015 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
2011
$20,417,000
19
256
$1,074,579
2012
$29,419,400
32
160
$919,356
2013
$42,240,300
41
229
$1,030,251
2014
$44,911,521
36
233
$1,247,542
2015
$42,874,766
38
151
$1,128,283
SALES VOLUME
NO. OF SALES
AVER AGE DAYS ON MARKET
AVER AGE SALE
2011
$8,439,860
29
253
$291,030
2012
$14,569,821
52
88
$280,189
2013
$18,422,800
51
182
$361,231
2014
$24,720,630
66
69
$374,555
2015
$26,296,850
68
49
$386,718
12.57% INCREASED MEDIAN SALES PRICES YEAR-OVER-YEAR (S-FAM/DUPLEX)
CONDOMINIUM / TOWNHOME
66.89% LESS TIME SPENT ON THE MARKET COMPARED TO 2011-2014 AVG. (CONDO/TH)
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/DUPLEX AVERAGE:
CONDOMINIUM / TOWNHOME
2011
2012
2013
2014
2015
2011
2012
2013
2014
2015
$267
$274
$274
$324
$306 AVERAGE:
$209
$212
$253
$272
$287
SALE PRICE VS LIST PRICE SINGLE-FAMILY/DUPLEX AVERAGE OF SALE PRICE/LAST LISTED PRICE:
CONDOMINIUM / TOWNHOME AVERAGE OF SALE PRICE/LAST LISTED PRICE:
95.77%
96.76%
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. ©2016 Slifer Smith & Frampton Real Estate
2015 A N N UA L SL I FE R R E P O R T 19
CORDILLER A
54.72%
S I N G L E - FA M I LY/ D U P L E X
INCREASED SALES VOLUME COMPARED TO 2011-2014 (S-FAM/DUPLEX)
11.35%
SALES VOLUME
NO. OF SALES
AVER AGE DAYS ON MARKET
AVER AGE SALE
2011
$32,366,000
22
425
$1,471,182
2012
$36,456,750
24
314
$1,519,031
2013
$69,804,000
45
281
$1,551,200
2014
$72,059,650
40
261
$1,801,491
2015
$81,497,900
44
326
$1,852,225
SALES VOLUME
NO. OF SALES
AVER AGE DAYS ON MARKET
AVER AGE SALE
2011
$1,087,000
1
362
$1,087,000
2012
N/A
N/A
N/A
N/A
2013
N/A
N/A
N/A
N/A
2014
N/A
N/A
N/A
N/A
2015
N/A
N/A
N/A
N/A
CONDOMINIUM / TOWNHOME
ANNUALIZED GROWTH RATE IN MEDIAN SALES PRICE SINCE 2011 (S-FAM/DUPLEX)
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/DUPLEX AVERAGE:
CONDOMINIUM / TOWNHOME
2011
2012
2013
2014
2015
2011
2012
2013
2014
2015
$280
$281
$307
$326
$343 AVERAGE:
$194
N/A
N/A
N/A
N/A
SALE PRICE VS LIST PRICE SINGLE-FAMILY/DUPLEX AVERAGE OF SALE PRICE/LAST LISTED PRICE:
CONDOMINIUM / TOWNHOME AVERAGE OF SALE PRICE/LAST LISTED PRICE:
91.20%
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. ©2016 Slifer Smith & Frampton Real Estate
2015 A N N UA L SL I FE R R E P O R T 20
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
2011
$25,744,687
29
252
$887,748
2012
$30,480,703
43
151
$708,854
2013
$40,802,100
46
141
$887,002
2014
$36,758,890
44
161
$835,429
2015
$36,512,275
41
107
$890,543
SALES VOLUME
NO. OF SALES
AVER AGE DAYS ON MARKET
AVER AGE SALE
2011
$2,343,000
4
337
$585,750
2012
$3,356,000
8
328
$419,500
2013
$2,982,500
6
135
$497,083
2014
$1,504,000
3
72
$501,333
$2,467,200
5
51
$493,440
LESS TIME SPENT ON THE MARKET COMPARED TO 2011-2014 AVG. (S-FAM/DUPLEX)
CONDOMINIUM / TOWNHOME
2015
39.29%
76.60% LESS TIME SPENT ON THE MARKET COMPARED TO 2011-2014 AVG. (CONDO/TH)
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/DUPLEX AVERAGE:
CONDOMINIUM / TOWNHOME
2011
2012
2013
2014
2015
2011
2012
2013
2014
2015
$264
$238
$274
$271
$322 AVERAGE:
$268
$240
$244
$326
$293
SALE PRICE VS LIST PRICE SINGLE-FAMILY/DUPLEX AVERAGE OF SALE PRICE/LAST LISTED PRICE:
CONDOMINIUM / TOWNHOME AVERAGE OF SALE PRICE/LAST LISTED PRICE:
96.08%
91.99%
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. ©2016 Slifer Smith & Frampton Real Estate
2015 A N N UA L SL I FE R R E P O R T 21
WOLCOT T
$1M
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 SALES PRICE
2011
$11,468,170
10
211
$1,146,817
2012
$13,942,000
13
225
$1,072,462
(S-FAM/DUPLEX)
2013
$5,101,500
5
399
$1,020,300
2014
$8,175,000
3
251
$2,725,000
2015
$7,479,000
5
328
$1,495,800
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/DUPLEX AVERAGE:
2011
2012
2013
2014
2015
$256
$215
$216
$490
$308
SALE PRICE VS LIST PRICE SINGLE-FAMILY/DUPLEX AVERAGE OF SALE PRICE/LAST LISTED PRICE:
92.79%
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. ©2016 Slifer Smith & Frampton Real Estate
2015 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
2011
$36,400,400
79
160
$460,765
2012
$55,706,009
125
133
$445,648
2013
$54,273,260
108
99
$502,530
2014
$44,319,714
83
91
$533,972
2015
$68,274,140
112
99
$609,591
54.05% INCREASED SALES VOLUME OVER 2014’S (S-FAM/DUPLEX)
CONDOMINIUM / TOWNHOME SALES VOLUME
NO. OF SALES
AVER AGE DAYS ON MARKET
AVER AGE SALE
2011
$9,120,200
50
212
$182,404
2012
$8,534,175
48
90
$177,795
2013
$7,392,625
32
61
$231,020
2014
$14,862,613
53
98
$280,427
2015
$18,200,465
58
64
$313,801
97.80% HIGHEST AVG. SALES/LIST PRICE IN THE VALLEY (CONDO/TH)
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/DUPLEX AVERAGE:
CONDOMINIUM / TOWNHOME
2011
2012
2013
2014
2015
2011
2012
2013
2014
2015
$151
$156
$170
$185
$207 AVERAGE:
$134
$128
$160
$194
$213
SALE PRICE VS LIST PRICE SINGLE-FAMILY/DUPLEX AVERAGE OF SALE PRICE/LAST LISTED PRICE:
CONDOMINIUM / TOWNHOME AVERAGE OF SALE PRICE/LAST LISTED PRICE:
95.50%
97.80%
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. ©2016 Slifer Smith & Frampton Real Estate
2015 A N N UA L SL I FE R R E P O R T 23
GYPSUM
40.10%
S I N G L E - FA M I LY/ D U P L E X
INCREASED SALES VOLUME OVER 2014’S (S-FAM/DUPLEX)
SALES VOLUME
NO. OF SALES
AVER AGE DAYS ON MARKET
AVER AGE SALE
2011
$15,936,365
64
137
$249,006
2012
$34,412,911
122
99
$282,073
2013
$18,229,545
71
36
$256,754
2014
$27,528,389
83
55
$331,667
2015
$38,568,285
93
63
$414,713
SALES VOLUME
NO. OF SALES
AVER AGE DAYS ON MARKET
AVER AGE SALE
2011
$1,926,800
18
92
$107,044
2012
$2,986,900
29
48
$102,997
2013
$1,256,590
10
25
$125,659
2014
$4,206,500
12
48
$350,542
2015
$3,714,900
16
40
$232,181
CONDOMINIUM / TOWNHOME
39.91% ANNUALIZED GROWTH RATE IN $/SQFT SINCE 2012 (CONDO/TH)
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/DUPLEX AVERAGE:
CONDOMINIUM / TOWNHOME
2011
2012
2013
2014
2015
$125
$121
$131
$166
$191 AVERAGE:
2011
2012
2013
2014
2015
$82
$76
$96
$136
$167
SALE PRICE VS LIST PRICE SINGLE-FAMILY/DUPLEX AVERAGE OF SALE PRICE/LAST LISTED PRICE:
CONDOMINIUM / TOWNHOME AVERAGE OF SALE PRICE/LAST LISTED PRICE:
98.56%
97.81%
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. ©2016 Slifer Smith & Frampton Real Estate
2015 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 180
151
NUMBER OF TRANSACTIONS
130 127 111 103
80
30
83
2011
2012
2013
2014
2015
SALES VOLUME COMPARISON $60 56.6M
$
$50
$40
40.6M
$
33.8M
$
MILLIONS
$30
30.3M
$
25.7M
$
$20
2011
2012
2013
2014
2015
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. ©2016 Slifer Smith & Frampton Real Estate
2015 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. ©2016 Slifer Smith & Frampton Real Estate
2015 A N N UA L SL I FE R R E P O R T 26
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