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First Quarter 2014 - Market Recap

The residential real estate market in Eagle County is off to a strong start in 2014 with $229,268,545 in sales recorded during the first quarter; an increase of over $46 million for the same quarter in 2013. Ultra high-end properties are in high demand with 15 homes over $6.5M placed under contract during the first quarter.  By comparison, 2 properties over $6.5M went under contract in Eagle County in the first quarter of 2013. There were a total of 11 residential sales over $6.5M in all of 2013.


The Town of Vail posted $82,737,749 in sales during the first quarter, an increase of more than $10.5 million over last year, and we expect to see this trend continue in the near term.

*Statistics are based on residential Vail Board of Realtors MLS data for Eagle County for the period of 1/1/13-3/31/13 and 1/1/14-3/31/14.

Trends for Eagle County and the Town of Vail by Year

Eagle County Residential Sales by Year   Town of Vail Residential Sales by Year

East Vail - Q1 2014
Data Timeframe: 1/1/2014 – 3/31/2014

Total Properties Sold: 13 (19%*)
- Condos/Townhomes Sold: 9 (No change*)
- Duplex/Single Family Homes Sold: 4 (43%*)
Total Dollar Volume of Sales: $11,399,249 (21%*)

Average Sales Price Condos/Townhomes: $639,556 (40%*)
Average Sales Price Per Square Foot Condos/Townhomes: $453 (6%*)
Range of Price Per Square Foot Condos/Townhomes: $297 - $576 PSF
Average Days on Market Condos/Townhomes: 137 (8%*)

Average Sales Price Duplex/Single Family: $1,410,812 (5%*)
Average Sales Price Per Square Foot Duplex/Single Family: $471 (7%*)
Range of Price Per Square Foot Duplex/Single Family: $359 - $655 PSF
Average Days on Market Duplex/Single Family: 119 (31%*)

Active Properties on Market at the Beginning of the Timeframe: 44
Active Properties on Market at the End of the Timeframe: 50
*Compared to the same time period in 2013

East Vail had 13 sales in the first quarter of 2014, 3 fewer than were recorded in the first quarter of 2013. While total volume was down slightly, the average sale prices for all property types were up more than 20%. This increase was primarily due to larger homes selling at higher prices, as is evidenced by only a 1% increase in price-per-square-foot for condos and townhomes. The marked increase in price-per-square-foot for single family homes and duplexes was primarily due to the sale of a new duplex, which sold for $655 per foot, pre-construction.
See all active East Vail Properties »


Town of Vail Real Estate (East Vail to West Vail) - Q1 2014
Data Timeframe: 1/1/2014 – 3/31/2014

Total Properties Sold: 50 (14%*)
- Condos/Townhomes Sold: 36 (9%*)
- Duplex/Single Family Homes Sold: 14 (27%*)
Total Dollar Volume of Sales: $82,737,749 (15%*)

Average Sales Price Condos/Townhomes: $1,366,958 (22%*)
Average Sales Price Per Square Foot Condos/Townhomes: $798 (7%*)
Range of Price Per Square Foot Condos/Townhomes: $297 - $2,819 PSF
Average Days on Market Condos/Townhomes: 327 (37%*)

Average Sales Price Duplex/Single Family: $2,394,804 (25%*)
Average Sales Price Per Square Foot Duplex/Single Family: $640 (14%*)
Range of Price Per Square Foot Duplex/Single Family: $276 - $2,074 PSF
Average Days on Market Duplex/Single Family: 165 (6%*)

Active Properties on Market at the Beginning of the Timeframe: 291
Active Properties on Market at the End of the Timeframe: 287
*Compared to the same time period in 2013

Real estate activity in the Town of Vail had a very strong start in 2014, with nearly $100M in real estate placed under contract within the first month of the year. The ultra high-end properties seemed to have the most success with 15 residential properties over $6.5M under contract in Eagle County in the first quarter.  During the first quarter of 2013, 2 properties over $6.5M went under contract in Eagle County and there were a total of 11 residential sales over $6.5M in all of 2013. Watch for a strong second quarter as several of the high-end properties placed under contract will start to close.
See all active Vail Properties »


Vail Village Real Estate - Q1 2014
Data Timeframe: 1/1/2014 – 3/31/2014

Total Properties Sold: 7 (13%*)
- Condos/Townhomes Sold: 5 (17%*)
- Duplex/Single Family Homes Sold: 2 (No change*)
Total Dollar Volume of Sales: $34,300,000 (8%*)

Average Sales Price Condos/Townhomes: $3,720,000 (63%*)
Average Sales Price Per Square Foot Condos/Townhomes: $1,767 (47%*)
Range of Price Per Square Foot Condos/Townhomes: $1,335 - $2,819 PSF
Average Days on Market Condos/Townhomes: 736 (14%*)

Average Sales Price Duplex/Single Family: $7,850,000 (12%*)
Average Price Per Square Foot Duplex/Single Family: $1,564 (19%*)
Range of Price Per Square Foot Duplex/Single Family: $1,054 - $2,074 PSF
Average Days on Market Duplex/Single Family: 244 (264%*)

Active Properties on Market at the Beginning of the Timeframe: 110
Active Properties on Market at the End of the Timeframe: 102
*Compared to the same time period in 2013

Vail Village saw a drop in unit sales in the first quarter, however total dollar volume of sales was up 8% due to newer units selling at higher prices. The sharp increase in average sale price for condos and townhomes is primarily due to the fact that 3 of the 5 condo sales were new developments, which sold for above average prices.
See all active Vail Village Properties »


Lionshead Village Real Estate - Q1 2014
Data Timeframe: 1/1/2014 – 3/31/2014

Total Properties Sold: 11 (38%*)
- Condos/Townhomes Sold: 11 (57%*)
- Duplex/Single Family Homes Sold: 0 (No change*)
Total Dollar Volume of Sales: $18,994,000 (9%*)

Average Sales Price Condos/Townhomes: $1,726,727 (1%*)
Average Sales Price Per Square Foot Condos/Townhomes: $1,038 (12%*)
Range of Price Per Square Foot Condos/Townhomes: $698 - $1,249 PSF
Average Days on Market Condos/Townhomes: 381 (71%*)

Average Sales Price Duplex/Single Family: No data for Q1
Average Price Per Square Foot Duplex/Single Family: No data for Q1
Range of Price Per Square Foot Duplex/Single Family: No data for Q1
Average Days on Market Duplex/Single Family: No data for Q1

Active Properties on Market at the Beginning of the Timeframe: 64
Active Properties on Market at the End of the Timeframe: 68
*Compared to the same time period in 2013

Lionshead had a strong first quarter with unit sales up nearly 40% over the same period last year. The increase in sales was entirely comprised of condo sales, with The Ritz-Carlton Residences, Vail, again leading the way with 3 new developer sales in the quarter. Landmark also had 3 sales. Total dollar volume of sales was up 9% over the same period last year as7 of the 11 sales were older units selling for under $1,200 per square foot. While no duplex or single family residences closed in the first quarter, it is worth noting that a new construction single family home in Lionshead listed at $15.8M ($1,869 PSF) was placed under contract in January.
See all active Lionshead Village Properties »


West Vail & Highland Meadows - Q1 2014
Data Timeframe: 1/1/2014 – 3/31/2014

Total Properties Sold: 19 (90%*)
- Condos/Townhomes Sold: 11 (22%*)
- Duplex/Single Family Homes Sold: 8 (300%*)
Total Dollar Volume of Sales: $18,044,500 (221%*)

Average Sales Price Condos/Townhomes: $532,773 (15%*)
Average Sales Price Per Square Foot Condos/Townhomes: $401 (11%*)
Range of Price Per Square Foot Condos/Townhomes: $313 - $637 PSF
Average Days on Market Condos/Townhomes: 241 (101%*)

Average Sales Price Duplex/Single Family: $1,523,000 (5%*)
Average Sales Price Per Square Foot Duplex/Single Family: $493 (36%*)
Range of Price Per Square Foot Duplex/Single Family: $276 - $783 PSF
Average Days on Market Duplex/Single Family: 169 (356%*)

Active Properties on Market at the Beginning of the Timeframe: 44
Active Properties on Market at the End of the Timeframe: 40
*Compared to the same time period in 2013

The neighborhoods throughout West Vail saw a jump in total dollar volume of sales in the first quarter compared to the same time period last year. This jump was primarily due to the sales of 3 single family home sales in the Buffehr Creek neighborhood over $2.5M. These sales also pulled up the average sale prices for single family homes and duplexes, which were up 36% for the quarter.
See all active West Vail Properties »


Minturn - Q1 2014
Data Timeframe: 1/1/2014 – 3/31/2014

Total Properties Sold: No data for Q1
- Condos/Townhomes Sold: No data for Q1
- Duplex/Single Family Homes Sold: No data for Q1
Total Dollar Volume of Sales: No data for Q1

Average Sales Price Condos/Townhomes: No data for Q1
Average Sales Price Per Square Foot Condos/Townhomes: No data for Q1
Range of Price Per Square Foot Condos/Townhomes: No data for Q1
Average Days on Market Condos/Townhomes: No data for Q1

Average Sales Price Duplex/Single Family: No data for Q1
Average Sales Price Per Square Foot Duplex/Single Family: No data for Q1
Range of Price Per Square Foot Duplex/Single Family: No data for Q1
Average Days on Market Duplex/Single Family: No data for Q1

Active Properties on Market at the Beginning of the Timeframe: 16
Active Properties on Market at the End of the Timeframe: 13
*Compared to the same time period in 2013

There were no sales in the first quarter of 2014 in Minturn.
See all active Minturn Properties »


Eagle-Vail - Q1 2014
Data Timeframe: 1/1/2014 – 3/31/2014

Total Properties Sold: 8 (60%*)
- Condos/Townhomes Sold: 3 (No change*) 
- Duplex/Single Family Homes Sold: 5 (150%*)
Total Dollar Volume of Sales: $5,546,500 (174%*)

Average Sales Price Condos/Townhomes: $325,500 (15%*)
Average Sales Price Per Square Foot Condos/Townhomes: $261 (20%*)
Range of Price Per Square Foot Condos/Townhomes: $221 - $299 PSF
Average Days on Market Condos/Townhomes: 91 (8%*)

Average Sales Price Duplex/Single Family: $914,000 (55%*)
Average Price Per Square Foot Duplex/Single Family: $281 (23%*)
Range of Price Per Square Foot Duplex/Single Family: $208 - $365 PSF

Average Days on Market Duplex/Single Family: 209 (809%*)

Active Properties on Market at the Beginning of the Timeframe: 13
Active Properties on Market at the End of the Timeframe: 19
*Compared to the same time period in 2013

The Eagle Vail neighborhood located directly between Vail and Beaver Creek had a great start to 2014 with unit sales volume up 60% and total dollar volume of sales up an impressive 174% compared to the same period last year. The jump in total dollar volume of sales in the first quarter was primarily due to 2 single family sales over $1M, the first sales over $1M in Eagle-Vail since 2011. Properties in this desirable community have seen some upward pressure on pricing over the past year as inventory remains low and prospective buyers embrace recent community improvements. Watch for a strong second quarter as there are currently 8 properties under contract in Eagle-Vail ranging in price from $260,000 up to $985,000.
See all active Eagle-Vail Properties »


Avon - Q1 2014
Data Timeframe: 1/1/2014 – 3/31/2014

Total Properties Sold: 13 (24%*)
- Condos/Townhomes Sold: 13 (24%*)
- Duplex/Single Family Homes Sold: 0 (No change*)
Total Dollar Volume of Sales: $5,650,303 (15%*)

Average Sales Price Condos/Townhomes: $434,639 (11%*)
Average Sales Price Per Square Foot Condos/Townhomes: $470 (28%*)
Range of Price Per Square Foot Condos/Townhomes: $208 - $813 PSF
Average Days on Market Condos/Townhomes: 268 (7%*)

Average Sales Price Duplex/Single Family: 0 (No change*)
Average Price Per Square Foot Duplex/Single Family: 0 (No change*)
Range of Price Per Square Foot Duplex/Single Family: 0 
Average Days on Market Duplex/Single Family: 0 (No change*)

Active Properties on Market at the Beginning of the Timeframe: 67
Active Properties on Market at the End of the Timeframe: 75
*Compared to the same time period in 2013

Avon saw 13 sales in the first quarter of 2014, all of which were condos and townhomes. Unit sales volume and dollar volume were both down compared to the same time period last year, mainly due to a lack of single family and duplex home sales. The jump in average sale price for condos and townhomes was primarily due to the sales of 5 units at the Westin Riverfront Resort and one unit at The Ascent Residences, which pulled the averages up. With new properties coming on the market, and 24 residential properties currently under contract, we expect to see an increase in unit sales volume in Avon during the second quarter.
See all active Avon Properties »


Wildwood/Wildridge - Q1 2014
Data Timeframe: 1/1/2014 – 3/31/2014

Total Properties Sold: 6 (14%*)
- Condos/Townhomes Sold: 0 (No change*)
- Duplex/Single Family Homes Sold: 6 (100%*)
Total Dollar Volume of Sales: $4,807,900 (28%*)

Average Sales Price Condos/Townhomes: No data for Q1
Average Sales Price Per Square Foot Condos/Townhomes: No data for Q1
Range of Price Per Square Foot Condos/Townhomes: No data for Q1
Average Days on Market Condos/Townhomes: No data for Q1

Average Sales Price Duplex/Single Family: $801,317 (10%*)
Average Price Per Square Foot Duplex/Single Family: $209 (5%*)
Range of Price Per Square Foot Duplex/Single Family: $152 - $321 PSF
Average Days on Market Duplex/Single Family: 118 (115%*)

Active Properties on Market at the Beginning of the Timeframe: 27
Active Properties on Market at the End of the Timeframe: 20
*Compared to the same time period in 2013

The communities of Wildridge and Wildwood saw 6 sales in the first quarter of 2014, one fewer than the same period last year. Notable sales included 5531 Coyote Ridge, which closed for $1.38M ($321 PSF) in February. There were 3 sales over $1M in 2013 in this area known for its expansive views of Beaver Creek and the surrounding mountains.
See all active Wildwood/Wildridge Properties »


Beaver Creek - Q1 2014
Data Timeframe: 1/1/2014 – 3/31/2014

Total Properties Sold: 25 (127%*)
- Condos/Townhomes Sold: 22 (100%*) 
- Duplex/Single Family Homes Sold: 3 (300%*)
Total Dollar Volume of Sales: $40,015,000 (201%*)

Average Sales Price Condos/Townhomes: $1,308,409 (8%*)
Average Sales Price Per Square Foot Condos/Townhomes: $728 (10%*)
Range of Price Per Square Foot Condos/Townhomes: $396 - $1159 PSF
Average Days on Market Condos/Townhomes: 352 (12%*)

Average Sales Price Duplex/Single Family: $3,743,333 (No sales in Q1 2013*)
Average Price Per Square Foot Duplex/Single Family: $583 (No sales in Q1 2013*)
Range of Price Per Square Foot Duplex/Single Family: $363 - $967 PSF
Average Days on Market Duplex/Single Family: 596 (No sales in Q1 2013*)

Active Properties on Market at the Beginning of the Timeframe: 118
Active Properties on Market at the End of the Timeframe: 116
*Compared to the same time period in 2013

Beaver Creek had a strong first quarter with total dollar volume of sales up more than 200% over the same period last year. Unit sales volume trailed slightly behind the dollar volume increase at 127% above the prior year. This disparity is primarily due to the fact that the majority, 17 of 25 sales, were at or below $1.5M. Beaver Creek currently has 18 properties listed over $5M active on the market.

Vail and Beaver Creek are gearing up to host the World Alpine Ski Championships in February 2015, an event that will draw visitors and spectators from around the world and has not been hosted in Colorado since 1999 when Vail last hosted.

See all active Beaver Creek Properties »


Bachelor Gulch - Q1 2014
Data Timeframe: 1/1/2014 – 3/31/2014

Total Properties Sold: 11 (38%*)
- Condos/Townhomes Sold: 10 (43%*
- Duplex/Single Family Homes Sold: 1 (No change*)
Total Dollar Volume of Sales: $33,507,000 (87%*)

Average Sales Price Condos/Townhomes: $2,621,200 (43%*)
Average Sales Price Per Square Foot Condos/Townhomes: $844 (4%*)
Range of Price Per Square Foot Condos/Townhomes: $620 - $1,049 PSF
Average Days on Market Condos/Townhomes: 278 (6%*)

Average Sales Price Duplex/Single Family: $7,295,000 (43%*)
Average Price Per Square Foot Duplex/Single Family: $1,065 (25%*)
Range of Price Per Square Foot Duplex/Single Family: $1,065 PSF
Average Days on Market Duplex/Single Family: 7 (96%*)

Active Properties on Market at the Beginning of the Timeframe: 46
Active Properties on Market at the End of the Timeframe: 38
*Compared to the same time period in 2013

Bachelor Gulch had a strong first quarter with total volume of sales up nearly 90% over the same period last year. Unit sales volume was up nearly 40% as a number of high-end condo and townhome properties sold in the quarter, driving the average sale price up more than 40% for that property type. It is worth noting that 10 of the 11 sales in the first quarter were condos and townhomes, and there are currently 5 properties under contract in the area.
See all active Bachelor Gulch Properties »


Arrowhead - Q1 2014
Data Timeframe: 1/1/2014 – 3/31/2014

Total Properties Sold: 15 (50%*)
- Condos/Townhomes Sold: 8 (100%*) 
- Duplex/Single Family Homes Sold: 7 (17%*)
Total Dollar Volume of Sales: $20,360,000 (27%*)

Average Sales Price Condos/Townhomes: $864,375 (44%*)
Average Sales Price Per Square Foot Condos/Townhomes: $476 (18%*)
Range of Price Per Square Foot Condos/Townhomes: $311 - $543 PSF
Average Days on Market Condos/Townhomes: 173 (33%*)

Average Sales Price Duplex/Single Family: $1,920,714 (16%*)
Average Price Per Square Foot Duplex/Single Family: $475 (22%*)
Range of Price Per Square Foot Duplex/Single Family: $324 - $962 PSF
Average Days on Market Duplex/Single Family: 521 (126%*)

Active Properties on Market at the Beginning of the Timeframe: 48
Active Properties on Market at the End of the Timeframe: 42
*Compared to the same time period in 2013

Arrowhead had a solid first quarter with 15 sales, showing increases in both unit sales volume and total dollar volume over the same time period last year. Average sale price for condos and townhomes was down for the quarter, primarily due to the sale of 3 entry-level units, which sold for under $600,000. Average sale price for single family and duplex units was up primarily due to the sale of a brand new McCoy Creek Cabin that sold for $3.7M ($962 PSF), the top sale for the quarter.
See all active Arrowhead Properties »


Edwards/Scottsville - Q1 2014
Data Timeframe: 1/1/2014 – 3/31/2014

Total Properties Sold: 5 (No change*)
- Condos/Townhomes Sold: 4 (33%*
- Duplex/Single Family Homes Sold: 1 (50%*)
Total Dollar Volume of Sales: $2,027,000 (19%*)

Average Sales Price Condos/Townhomes: $320,500 (18%*)
Average Sales Price Per Square Foot Condos/Townhomes: $271 (5%*)
Range of Price Per Square Foot Condos/Townhomes: $219 - $338 PSF
Average Days on Market Condos/Townhomes: 99 (37%*)

Average Sales Price Duplex/Single Family: $745,000 (12%*)
Average Price Per Square Foot Duplex/Single Family: $225 (2%*)
Range of Price Per Square Foot Duplex/Single Family: $225 PSF
Average Days on Market Duplex/Single Family: 142 (24%*)

Active Properties on Market at the Beginning of the Timeframe: 21
Active Properties on Market at the End of the Timeframe: 21
*Compared to the same time period in 2013

Edwards/Scottsville had a steady first quarter with just 5 total sales, equal in number to the sales volume of the same period as last year. This highly seasonal market is typically busier in the summer months as local buyers and sellers get back into the market. Watch for an active second quarter, as there are currently 13 properties under contract, including 6 units in the Riverwalk and 3 in the River Pines complex. Well-priced properties continue to move quickly as days on market were down across all property types in the first quarter.
See all active Edwards/Scottsville Properties »


Singletree - Q1 2014
Data Timeframe: 1/1/2014 – 3/31/2014

Total Properties Sold: 4 (56%*)
- Condos/Townhomes Sold: 1 (100%*)
- Duplex/Single Family Homes Sold: 3 (67%*)
Total Dollar Volume of Sales: $1,568,333 (80%*)

Average Sales Price Condos/Townhomes: $60,000 (No sales in Q1 2013*)
Average Sales Price Per Square Foot Condos/Townhomes: $359 (No sales in Q1 2013*)
Range of Price Per Square Foot Condos/Townhomes: $359
Average Days on Market Condos/Townhomes: 184 (No sales in Q1 2013*)

Average Sales Price Duplex/Single Family: $968,333 (9%*)
Average Sales Price Per Square Foot Duplex/Single Family: $257 (14%*)
Range of Price Per Square Foot Duplex/Single Family: $207 - $314 PSF
Average Days on Market Duplex/Single Family: 227 (68%*)

Active Properties on Market at the Beginning of the Timeframe: 23
Active Properties on Market at the End of the Timeframe: 22
*Compared to the same time period in 2013

True to form, Singletree had a quiet first quarter as this seasonal market typically sees more action during the summer months. There are currently 4 properties under contract in Singletree, at an average list price of $349 PSF, which should lead to a noticeable spike in the second quarter.
See all active Singletree Properties »


Homestead - Q1 2014
Data Timeframe: 1/1/2014 – 3/31/2014

Total Properties Sold: 5 (25%*)
- Condos/Townhomes Sold: 4 (100%*) 
- Duplex/Single Family Homes Sold: 1 (50%*)
Total Dollar Volume of Sales: $2,008,000 (4%*)

Average Sales Price Condos/Townhomes: $374,875 (10%*)
Average Sales Price Per Square Foot Condos/Townhomes: $233 (21%*)
Range of Price Per Square Foot Condos/Townhomes: $184 - $262 PSF
Average Days on Market Condos/Townhomes: 52 (68%*)

Average Sales Price Duplex/Single Family: $508,500 (27%*)
Average Price Per Square Foot Duplex/Single Family: $199 (9%*)
Range of Price Per Square Foot Duplex/Single Family: $199 PSF
Average Days on Market Duplex/Single Family: 155 (24%*)

Active Properties on Market at the Beginning of the Timeframe: 10
Active Properties on Market at the End of the Timeframe: 10
*Compared to the same time period in 2013

Homestead saw a modest increase in total unit sales volume with 5 sales in the first quarter, while total dollar volume was down slightly due to more entry-level sales than the same time period last year. There are currently 3 properties under contract in the neighborhood, and a multi-million dollar renovation is underway on the Homestead Court Club, which should bring some much anticipated upgrades to the facility that serves all of Homestead.
See all active Homestead Properties »


Lake Creek Valley - Q1 2014
Data Timeframe: 1/1/2014 – 3/31/2014

Total Properties Sold: 1 (100%*)
- Condos/Townhomes Sold: 0 (No change*) 
- Duplex/Single Family Homes Sold: 1 (100%*)
Total Dollar Volume of Sales: $807,500 (No data*)

Average Sales Price Condos/Townhomes: (N/A)
Average Sales Price Per Square Foot Condos/Townhomes: (N/A)
Range of Price Per Square Foot Condos/Townhomes: (N/A)
Average Days on Market Condos/Townhomes: (N/A)

Average Sales Price Duplex/Single Family: $807,500 (No data*)
Average Price Per Square Foot Duplex/Single Family: $940 (No data*)
Range of Price Per Square Foot Duplex/Single Family: $940 PSF
Average Days on Market Duplex/Single Family: 271 (No data*)

Active Properties on Market at the Beginning of the Timeframe: 18
Active Properties on Market at the End of the Timeframe: 13
*Compared to the same time period in 2013

There are currently 5 properties under contract in Lake Creek, ranging from a short sale single family home listed for $1,650,000 to a new construction contemporary estate listed for $12,750,000. Lake Creek remains a highly desirable community known for its rural feel, with easy access to the Edwards shopping district and the ski resorts.
See all active Lake Creek Valley Properties »


Cordillera & Cordillera Valley Club - Q1 2014
Data Timeframe: 1/1/2014 – 3/31/2014

Total Properties Sold: 7 (43%*)
- Condos/Townhomes Sold: N/A
- Duplex/Single Family Homes Sold: 7 (43%*)
Total Dollar Volume of Sales: $11,400,000 (7%*)

Average Sales Price Condos/Townhomes: N/A
Average Sales Price Per Square Foot Condos/Townhomes: N/A
Range of Price Per Square Foot Condos/Townhomes: N/A
Average Days on Market Condos/Townhomes: N/A

Average Sales Price Duplex/Single Family: $1,628,571 (7%*)
Average Sales Price Per Square Foot Duplex/Single Family: $291 (11%*)
Range of Price Per Square Foot Duplex/Single Family: $190 - $519 PSF
Average Days on Market Duplex/Single Family: 366 (26%*)

Active Properties on Market at the Beginning of the Timeframe: 58
Active Properties on Market at the End of the Timeframe: 61
*Compared to the same time period in 2013

Cordillera had an above average first quarter with 7 sales ranging in price from $940,000 up to $3.8M. Consumer confidence was bolstered as Cordillera Club memberships surpassed 400 members and the management contract with Troon Golf was extended through 2020. Watch for an active second quarter as there are currently 7 properties under contract ranging in price from $749,500 up to $2.6M.
See all active Cordillera & Cordillera Valley Club Properties »


Eagle & Brush Creek- Q1 2014

Data Timeframe: 1/1/2014 – 3/31/2014

Total Properties Sold: 15 (32%*)
- Condos/Townhomes Sold: 6 (14%*
- Duplex/Single Family Homes Sold: 9 (40%*)
Total Dollar Volume of Sales: $5,353,563 (22%*)

Average Sales Price Condos/Townhomes: $255,344 (47%*)
Average Sales Price Per Square Foot Condos/Townhomes: $167 (19%*)
Range of Price Per Square Foot Condos/Townhomes: $121 - $201 PSF
Average Days on Market Condos/Townhomes: 67 (103%*)

Average Sales Price Duplex/Single Family: $424,611 (13%*)
Average Price Per Square Foot Duplex/Single Family: $176 (18%*)
Range of Price Per Square Foot Duplex/Single Family: $119 - $285 PSF
Average Days on Market Duplex/Single Family: 93 (9%*)

Active Properties on Market at the Beginning of the Timeframe: 29
Active Properties on Market at the End of the Timeframe: 25
*Compared to the same time period in 2013

The communities of Eagle and Brush Creek had a relatively quiet first quarter, as is typical for this time of year. Strong buyer demand and low levels of inventory have led to upward pressure on pricing, especially as distressed properties have become increasingly rare. There are currently 17 properties under contract in Eagle ranging in price from $225,000 for a single family home in old town Eagle up to $2.4M for a ranch home on 37 acres.
See all active Eagle Properties »


Eagle Ranch - Q1 2014
Data Timeframe: 1/1/2014 – 3/31/2014

Total Properties Sold: 12 (No change*)
- Condos/Townhomes Sold: 7 (133%*) 
- Duplex/Single Family Homes Sold: 6 (33%*)
Total Dollar Volume of Sales: $4,995,750 (34%*)

Average Sales Price Condos/Townhomes: $285,821 (17%*)
Average Sales Price Per Square Foot Condos/Townhomes: $207 (24%*)
Range of Price Per Square Foot Condos/Townhomes: $182 - $238 PSF
Average Days on Market Condos/Townhomes: 104 (96%*)

Average Sales Price Duplex/Single Family: $599,000 (21%*)
Average Price Per Square Foot Duplex/Single Family: $169 (2%*)
Range of Price Per Square Foot Duplex/Single Family: $153 - $197 PSF
Average Days on Market Duplex/Single Family: 203 (36%*)

Active Properties on Market at the Beginning of the Timeframe: 35
Active Properties on Market at the End of the Timeframe: 38
*Compared to the same time period in 2013

Eagle Ranch had a steady first quarter with 12 sales, equal to that of the same period last year. Average sale price for condos and townhomes were up slightly reflecting strong demand for entry-level homes in this desirable down valley community. It is worth noting that there are currently 10 properties under contract in Eagle Ranch, ranging in price from $230,000 up to $895,000 and displaying substantially less days on market with an average of just 123 days prior to going under contract.
See all active Eagle Ranch Properties »


Gypsum - Q1 2014
Data Timeframe: 1/1/2014 – 3/31/2014

Total Properties Sold: 17 (26%*)
- Condos/Townhomes Sold: 0 (100%*)
- Duplex/Single Family Homes Sold: 7 (11%*)
Total Dollar Volume of Sales: $4,694,280 (5%*)

Average Sales Price Condos/Townhomes: N/A
Average Sales Price Per Square Foot Condos/Townhomes: N/A
Range of Price Per Square Foot Condos/Townhomes: N/A
Average Days on Market Condos/Townhomes: N/A

Average Sales Price Duplex/Single Family: $276,134 (18%*)
Average Sales Price Per Square Foot Duplex/Single Family: $161 (37%*)
Range of Price Per Square Foot Duplex/Single Family: $84 - $244 PSF
Average Days on Market Duplex/Single Family: 42 (39%*)

Active Properties on Market at the Beginning of the Timeframe: 31
Active Properties on Market at the End of the Timeframe: 24
*Compared to the same time period in 2013

There are currently 28 properties under contract in Gypsum ranging in price from $99,000 for a 2-bedroom condo in Mountain Glen, up to $469,000 for a single family home in Sky Legend. Properties are moving quickly as is evidenced by an average of just 22 days on market for listings currently under contract. Buyers should ensure that they are pre-qualified and ready to move quickly in this dynamic down-valley market.
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Significant Sales

395 Forest Road Vail

395 Forest Road

Vail, CO
Closing price: $6,950,000
Date sold: November 6, 2013

  Willows #205 Vail

The Willows, #205

Vail, CO
Closing price: $5,550,000
Date sold: December 17, 2013

  The Willows, #205

The Ritz-Carlton Residences, Vail #625

Lionshead, CO
Closing price: $3,825,000
Date sold: February 11, 2014

Featured Listings

971 Spraddle Creek Road, Vail

971 Spraddle Creek Road

Vail, CO
4 bedrooms | 4 baths | 2 partial
$14,500,000
Learn More »

  The Arrabelle #629

The Arrabelle, #629

Lionshead, CO
5 bedrooms | 5 baths | 2 partial
$9,100,000
Learn More »

  Saddleridge Villas, #1/#2

Saddleridge Villas, #1/#2

Beaver Creek, CO
5 bedrooms | 5 baths
$5,350,000
Learn More »

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