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Fourth Quarter 2014 - Market Recap

Total dollar volume of sales in the Town of Vail was up more than 30% in the Fourth Quarter of 2014 relative to the same period last year with over $170M in sales on 88 total transactions. This follows a strong Third Quarter where sales volume was up 40% over the prior year. Top sales in the quarter included 5 Single Family home sales over $5M with a top sale of $18.5M, and 16 condo sales over $2M with a top sale of $9.35M. Sale prices were up over the same period last year on both an average sale price and price per foot basis. Vail and Beaver Creek are looking forward to hosting the 2015 FIS World Alpine Ski Championships from February 2—15. Accommodations are still available, contact our office today for more details.

*Statistics are based on residential Vail Board of Realtors MLS data for Eagle County for the period of 10/1/13-12/31/13 and 10/1/14-12/31/14.

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Trends for Eagle County and the Town of Vail by Year

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

East Vail - Q4 2014
Data Timeframe: 10/1/2014 – 12/31/2014

Total Properties Sold: 29 (▲7%*)
- Condos/Townhomes Sold: 20 (▲0%*)
- Duplex/Single Family Homes Sold: 9 (▲22%*)
Total Dollar Volume of Sales: $29,218,500 (▲26%*)

Average Sales Price Condos/Townhomes: $395,925 (▼5%*)
Average Sales Price Per Square Foot Condos/Townhomes: $421 (4%*)
Range of Price Per Square Foot Condos/Townhomes: $273 - $565 PSF
Average Days on Market Condos/Townhomes: 100 (▲27%*)

Average Sales Price Duplex/Single Family: $2,366,667 (▲20*)
Average Sales Price Per Square Foot Duplex/Single Family: $521 (▼1%*)
Range of Price Per Square Foot Duplex/Single Family: $346 - $928 PSF
Average Days on Market Duplex/Single Family: 385 (▲69%*)

Active Properties on Market at the Beginning of the Timeframe: 34
Active Properties on Market at the End of the Timeframe: 22
*Compared to the same time period in 2013

East Vail saw a modest increase in total sales volume in the Fourth Quarter with just under $30M in total sales on 29 transactions. The majority of the sales were condos and townhomes, as is normal for East Vail, and we were encouraged to see an uptick in the amount of single family and duplex homes sold during the quarter with 9 sales at an average sale price of $2.3M. This average was pulled upwards by the sale of a newer single family home on Gore Creek for $7.6M. East Vail continues to be a poplular area for many buyers due to its beautiful, High Alpine environment and convenient access to Denver. Some great opportunities are available now, particularly in the single family / duplex market in East Vail.

See all active East Vail Properties »


Town of Vail Real Estate (East Vail to West Vail) - Q4 2014
Data Timeframe: 10/1/2014 – 12/31/2014

Total Properties Sold: 88 (9%*)
- Condos/Townhomes Sold: 68 (▲11%*)
- Duplex/Single Family Homes Sold: 20 (▲0%*)
Total Dollar Volume of Sales: $172,873,750 (▲33%*)

Average Sales Price Condos/Townhomes: $1,374,688 (▲7%*)
Average Sales Price Per Square Foot Condos/Townhomes: $822 (▲7%*)
Range of Price Per Square Foot Condos/Townhomes: $232 - $2,563 PSF
Average Days on Market Condos/Townhomes: 194 (▼10%*)

Average Sales Price Duplex/Single Family: $3,969,750 (▲53%*)
Average Sales Price Per Square Foot Duplex/Single Family: $823 (▲24%*)
Range of Price Per Square Foot Duplex/Single Family: $295 - $3,818 PSF
Average Days on Market Duplex/Single Family: 292 (▲49%*)

Active Properties on Market at the Beginning of the Timeframe: 251
Active Properties on Market at the End of the Timeframe: 239
*Compared to the same time period in 2013

Total dollar volume of sales in the Town of Vail was up more thn 30% in the Fourth Quarter of 2014 relative to the same period last year with over $170M in sales on 88 total transactions. This follows a strong Third Quarter where sales volume was up 40% over the prior year. Top sales in the quarter invluded 5 single family home sales over $5M with a top sale of $18.5M, and 16 condo sales over $2M with a top sale of $9.35M. Sale prices were up over the same period last year on both an average sale price and price per foot basis.

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Vail Village Real Estate - Q4 2014
Data Timeframe: 10/1/2014 – 12/31/2014

Total Properties Sold: 15 (▲50%*)
- Condos/Townhomes Sold: 13 (▲44%*)
- Duplex/Single Family Homes Sold: 2 (▲100%*)
Total Dollar Volume of Sales: $58,979,250 (41%*)

Average Sales Price Condos/Townhomes: $2,504,173 (▼36%*)
Average Sales Price Per Square Foot Condos/Townhomes: $1,382 (▼29%*)
Range of Price Per Square Foot Condos/Townhomes: $891 - $2,563 
Average Days on Market Condos/Townhomes: 359 (▲73%*)

Average Sales Price Duplex/Single Family: $13,212,500 (90*)
Average Price Per Square Foot Duplex/Single Family: $2,728 (▲73%*)
Range of Price Per Square Foot Duplex/Single Family: $1,638 - $3,818
Average Days on Market Duplex/Single Family: 217 (▼79%*)

Active Properties on Market at the Beginning of the Timeframe: 80
Active Properties on Market at the End of the Timeframe: 87
*Compared to the same time period in 2013

Vail Village had a strong Fourth Quarter with total sales volume over $58M, an increase of 41% over the same period last year. Condo sales accounted for 13 of the 15 total transactions, with the top condo sale of the quarter being a 4 bedroom condo at the new Solaris that sold for $7.4M. Also, noteworthy was the sale of a historic single family home on Vail's famed Mill Creek Circle for $18.5M. These two sales accounted for over $25M in sales and were the primary driver for the sizeable increase in dollar volume in the Fourth Quarter.

 
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Lionshead Village Real Estate - Q4 2014
Data Timeframe: 10/1/2014 – 12/31/2014

Total Properties Sold: 16 (▲0%*)
- Condos/Townhomes Sold: 14 (▼7%*)
- Duplex/Single Family Homes Sold: 2 (▲100%*)
Total Dollar Volume of Sales: $57,758,500 (▲82%*)

Average Sales Price Condos/Townhomes: $2,839,893 (▲77%*)
Average Sales Price Per Square Foot Condos/Townhomes: $1,380 (▲43%*)
Range of Price Per Square Foot Condos/Townhomes: $755 - $2,080 PSF
Average Days on Market Condos/Townhomes: 217 (▼57%*)

Average Sales Price Duplex/Single Family: $9,000,000 (▲18%*)
Average Price Per Square Foot Duplex/Single Family: $1,464 (18%*)
Range of Price Per Square Foot Duplex/Single Family: $1,252 - $1,676
Average Days on Market Duplex/Single Family: 20 (83%*)

Active Properties on Market at the Beginning of the Timeframe: 45
Active Properties on Market at the End of the Timeframe: 45
*Compared to the same time period in 2013

Dollar volume of sales for Lionshead was up markedly in the Fourth Quarter relative to the same time period last year, with no increase in the number of transactions. The primary driver of the increase were several high dollar sales including 2 condo sales over $6M and the sale of a new construction single family home on West Forest Road for $14.25M. The Ritz-Carlton Residences, Vail was the top condo seller again this quarter with 3 sales. Ascent Sotheby's International Realty is proud to represent the Ritz-Carlton Residences, Vail and would like to remind buyers that there are still 11 private residences available for purchase ranging in size from 2-4 bedrooms.


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West Vail & Highland Meadows - Q4 2014
Data Timeframe: 10/1/2014 – 12/31/2014

Total Properties Sold: 12 (▼20%*)
- Condos/Townhomes Sold: 7 (▼13%*)
- Duplex/Single Family Homes Sold: 5 (▼29%*)
Total Dollar Volume of Sales: $9,355,500 (▼40%*)

Average Sales Price Condos/Townhomes: $440,786 (▼5%*)
Average Sales Price Per Square Foot Condos/Townhomes: $365 (▲12%*)
Range of Price Per Square Foot Condos/Townhomes: $310 - $431
Average Days on Market Condos/Townhomes: 148 (▲28%*)

Average Sales Price Duplex/Single Family: $1,254,000 (▼27%*)
Average Sales Price Per Square Foot Duplex/Single Family: $457 (▼17%*)
Range of Price Per Square Foot Duplex/Single Family: $295 - $663
Average Days on Market Duplex/Single Family: 72 (▲16%*)

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

Sales volume was down slightly in West Vail for the Fourth Quarter despite a few strong sales. The top sale of the quarter was a single family home on the banks of Gore Creek listed by Ascent Sotheby's International Realty tht sold for $2M. We have seen several new developments taking place in this neighborhood which is a sign of a healthy market. Buyers looking for a great value on new construction homes should take a close look at opportunities available now in West Vail.

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Minturn - Q4 2014
Data Timeframe: 10/1/2014 – 12/31/2014

Total Properties Sold: 3 (33%*)
- Condos/Townhomes Sold: 1  (▼100%*)
- Duplex/Single Family Homes Sold: 2  (0%*)

Total Dollar Volume of Sales: $1,825,000  (36%*)

Average Sales Price Condos/Townhomes: $250,000  (82%*)
Average Sales Price Per Square Foot Condos/Townhomes: $340  (▲26%*)
Range of Price Per Square Foot Condos/Townhomes: $197 - $446  (▼34%*)
Average Days on Market Condos/Townhomes: 39  (▼172%*)

Average Sales Price Duplex/Single Family: $787,500 (▲1%*)
Average Sales Price Per Square Foot Duplex/Single Family: $322  (23%*)
Range of Price Per Square Foot Duplex/Single Family: $197 - $446
Average Days on Market Duplex/Single Family: 82 (▼141%*)

Active Properties on Market at the Beginning of the Timeframe: 15 (Minturn and Red Cliff)
Active Properties on Market at the End of the Timeframe: 11 (Minturn and Red Cliff)
*Compared to the same time period in 2013

Total sales volume was down slightly in the Fourth Quarter for Minturn with just 3 transactions. The top sale of the quarter was a single family home at the Minturn Racquet & Trout Club that sold for $1.25M. Minturn typically has more activity in the summer months as many local buyers and sellers enter the market.


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EagleVail - Q4 2014
Data Timeframe: 10/1/2014 – 12/31/2014

Total Properties Sold: 20 (▼5%*)
- Condos/Townhomes Sold: 8 (▼50%*) 
- Duplex/Single Family Homes Sold: 12 (▲25%*)
Total Dollar Volume of Sales: $10,579,200 (▲6%*)

Average Sales Price Condos/Townhomes: $405,688 (▲1%*)
Average Sales Price Per Square Foot Condos/Townhomes: $238 (▲2%*)
Range of Price Per Square Foot Condos/Townhomes: $188 - $317 PSF
Average Days on Market Condos/Townhomes: 67 (▼305%*)

Average Sales Price Duplex/Single Family: $611,142 (▲7%*)
Average Price Per Square Foot Duplex/Single Family: $271(▲7%*)
Range of Price Per Square Foot Duplex/Single Family: $229 - $358 PSF

Average Days on Market Duplex/Single Family: 78 (▼38%*)

Active Properties on Market at the Beginning of the Timeframe: 32
Active Properties on Market at the End of the Timeframe: 17
*Compared to the same time period in 2013

Sales volume was up slightly in EagleVail for the Fourth Quarter of 2014 with just over $10M in sales on 20 transactions. Inventory levels dropped by close to 50% during the period, which may put some upward pressure on pricing for this popular neighborhood conveniently located between Vail and Beaver Creek ski areas. EagleVail typically has more activity during the summer months as both local and second home buyers enter the market.
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Avon - Q4 2014
Data Timeframe: 10/1/2014 – 12/31/2014

Total Properties Sold: 30 (▲58%*)
- Condos/Townhomes Sold: 30 (▲58%*)
- Duplex/Single Family Homes Sold: 0 (▲0%*)
Total Dollar Volume of Sales: $12,794,150 (▲120%*)

Average Sales Price Condos/Townhomes: $426,472 (▲39%*)
Average Sales Price Per Square Foot Condos/Townhomes: $362 (▲27%*)
Range of Price Per Square Foot Condos/Townhomes: $140 - $793 PSF
Average Days on Market Condos/Townhomes: 124 (▲49%*)

Average Sales Price Duplex/Single Family: No data for Q4
Average Price Per Square Foot Duplex/Single Family: No data for Q4
Range of Price Per Square Foot Duplex/Single Family: No data for Q4 
Average Days on Market Duplex/Single Family: No data for Q4

Active Properties on Market at the Beginning of the Timeframe: 68
Active Properties on Market at the End of the Timeframe: 59
*Compared to the same time period in 2013

Avon saw a large increase in transaction volume in the Fourth Quarter of 2014 with the total number of transactions up nearly 60% over the same period last year. The top sale of the quarter was a 2 bedroom condo at the Westin Riverfront Resort & Spa that sold for just over $1M. The Westin Riverfront has seen good activity this year with 5 sales in the Fourth Quarter and 16 total sales in 2014. The Westin was named the #2 Western Reort by Conde Naste Traveler in 2013 and has elevated the standard for luxury accommodations in the Avon area. 

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Wildwood/Wildridge - Q4 2014
Data Timeframe: 10/1/2014 – 12/31/2014

Total Properties Sold: 12 (▲50%*)
- Condos/Townhomes Sold: 4 (▲0%*)
- Duplex/Single Family Homes Sold: 8 (▲75%*)
Total Dollar Volume of Sales: $7,731,500 (▲64%*)

Average Sales Price Condos/Townhomes: $373,125 (▼3%*)
Average Sales Price Per Square Foot Condos/Townhomes: $226 (▲1%*)
Range of Price Per Square Foot Condos/Townhomes: $201 - $239 PSF
Average Days on Market Condos/Townhomes: 146 (▲59%*)

Average Sales Price Duplex/Single Family: $779,875 (19%*)
Average Price Per Square Foot Duplex/Single Family: $257 (▲1%*)
Range of Price Per Square Foot Duplex/Single Family: $210 - $363 PSF
Average Days on Market Duplex/Single Family: 64 (▼54%*)

Active Properties on Market at the Beginning of the Timeframe: 25
Active Properties on Market at the End of the Timeframe: 13
*Compared to the same time period in 2013

The communities of Wildridge and Wildwood saw a very strong Fourth Quarter with total sales volume up more than 60% over the same period last year. Total dollar volume was close to $8M on 12 transactions, with average sale prices for single family and duplex homes up nearly 20%. This increase was primarily attributed to the sale of a duplex home for $1.5M, which pulled the average up. Inventory levels dropped off significantly during the quarter, and we anticipate more properties coming on the market as we get closer to spring and summer, which are typically more active months for the Wildridge/Wildwood market.

  
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Beaver Creek - Q4 2014
Data Timeframe: 10/1/2014 – 12/31/2014

Total Properties Sold: 21 (▼5%*)
- Condos/Townhomes Sold: 19 (▲5%*) 
- Duplex/Single Family Homes Sold: 2 (▼100%*)
Total Dollar Volume of Sales: $36,605,000 (▲19%*)

Average Sales Price Condos/Townhomes: $1,450,263 (▲27%*)
Average Sales Price Per Square Foot Condos/Townhomes: $708 (▲8%*)
Range of Price Per Square Foot Condos/Townhomes: $353 - $1,079 PSF
Average Days on Market Condos/Townhomes: 309 (▼17%*)

Average Sales Price Duplex/Single Family: $4,525,000 (▲42%*)
Average Price Per Square Foot Duplex/Single Family: $588 (▲18%*)
Range of Price Per Square Foot Duplex/Single Family: $571 - $966 PSF
Average Days on Market Duplex/Single Family: 27 (▼644%*)

Active Properties on Market at the Beginning of the Timeframe: 108
Active Properties on Market at the End of the Timeframe: 133
*Compared to the same time period in 2013

Beaver Creek had a strong Fourth Quarter with total sales volume over $36M, an increase of nearly 20% over the same period last year. Condo and townhome sales accounted for the majority of the transaction volume with 19 total sales, and we were encouraged to see 5 condo sales over $2M for the quarter. The top sale of the quarter was s single family home on Borders Road that sold for $6.25M. Beaver Creek continues to have a large amount of inventory, and some excellent oppoortunities exist particularly in the single family home 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.

Bachelor Gulch - Q4 2014
Data Timeframe: 10/1/2014 – 12/31/2014

Total Properties Sold: 9 (▲29%*)
- Condos/Townhomes Sold: 7 (▲133%*
- Duplex/Single Family Homes Sold: 2 (▼39%*)
Total Dollar Volume of Sales: $23,407,500 (11%*)

Average Sales Price Condos/Townhomes: $2,043,929 (▼6%*
Average Sales Price Per Square Foot Condos/Townhomes: $867 (▼54%*
Range of Price Per Square Foot Condos/Townhomes: $797 - $1034  
Average Days on Market Condos/Townhomes: 242 (▼45%*

Average Sales Price Duplex/Single Family: $4,550,000 (12%*)
Average Price Per Square Foot Duplex/Single Family: $337 (▼57%*)
Range of Price Per Square Foot Duplex/Single Family: $827 - $848 PSF
Average Days on Market Duplex/Single Family: 294 (▼8%*)

Active Properties on Market at the Beginning of the Timeframe: 32
Active Properties on Market at the End of the Timeframe: 58
*Compared to the same time period in 2013

Bachelor Gulch saw a dip in total sales volume in the Fourth Quarter as the majority of the sales came from condos and townhomes as opposed to higher dollar single family and duplex sales. We're encouraged to see an increase in the number of transactions, but with inventory levels remaining high, we've seen a downward pressure on pricing across all property types.


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Arrowhead - Q4 2014
Data Timeframe: 10/1/2014 – 12/31/2014

Total Properties Sold: 15 (▲15%*)
- Condos/Townhomes Sold: 12 (▲200%*) 
- Duplex/Single Family Homes Sold: 3 (▼67%*)
Total Dollar Volume of Sales: $21,327,500 (▼4%*)

Average Sales Price Condos/Townhomes: $976,042 (▲14%*)
Average Sales Price Per Square Foot Condos/Townhomes: $505 (▲2%*)
Range of Price Per Square Foot Condos/Townhomes: $297 - $779 PSF
Average Days on Market Condos/Townhomes: 194 (▼15%*)

Average Sales Price Duplex/Single Family: $3,205,000 (▲53%*)
Average Price Per Square Foot Duplex/Single Family: $473 (▲8%*)
Range of Price Per Square Foot Duplex/Single Family: $399 - $529 PSF
Average Days on Market Duplex/Single Family: 206 (▲39%*)

Active Properties on Market at the Beginning of the Timeframe: 45
Active Properties on Market at the End of the Timeframe: 43
*Compared to the same time period in 2013

 

While Arrowhead Dollar VOlume remained constant in the 4th quarter a notable data point was the uptick in condo sales that were up 200% over the previous years quarter. The condo absorption in Arrowhead resulted in upward pricing pressure and a reduction of the days on market. Watch for continued activity in Arrowhead in early 2015.


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Edwards/Scottsville - Q4 2014
Data Timeframe: 10/1/2014 – 12/31/2014

Total Properties Sold: 16 (▲7%*)
- Condos/Townhomes Sold: 14 (▲8%*
- Duplex/Single Family Homes Sold: 2 (▲0%*)
Total Dollar Volume of Sales: $6,419,305 (▲3%*)

Average Sales Price Condos/Townhomes: $288,522 (▼7%*)
Average Sales Price Per Square Foot Condos/Townhomes: $273 (▲2%*)
Range of Price Per Square Foot Condos/Townhomes: $184 - $382 PSF
Average Days on Market Condos/Townhomes: 83 (▼81%*)

Average Sales Price Duplex/Single Family: $1,190,000 (▲7%*)
Average Price Per Square Foot Duplex/Single Family: $308 (▼9%*)
Range of Price Per Square Foot Duplex/Single Family: $274 - $342 PSF
Average Days on Market Duplex/Single Family: 607 (▲1164%*)

Active Properties on Market at the Beginning of the Timeframe: 16
Active Properties on Market at the End of the Timeframe: 15
*Compared to the same time period in 2013

The popular community of Edwards posted 16 sales in the 4th quarter which is up over the previous year and continues a trend of diminishing inventory seen in 2014 for the Edwards community. We do anticipate more inventory being placed on the market in the 1st and 2nd quarters of 2015 as this community's most active selling season is typically in the spring and summer.


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Singletree - Q4 2014
Data Timeframe: 10/1/2014 – 12/31/2014

Total Properties Sold: 19 (▲19%*)
- Condos/Townhomes Sold: 0 (▼100%*)
- Duplex/Single Family Homes Sold: 19 (▲73%*)
Total Dollar Volume of Sales: $15,855,390 (▲38%*)

Average Sales Price Condos/Townhomes: $0 (▼100%*)
Average Sales Price Per Square Foot Condos/Townhomes: $0 (▼100%*)
Range of Price Per Square Foot Condos/Townhomes: $0
Average Days on Market Condos/Townhomes: 0 (▼100%*)

Average Sales Price Duplex/Single Family: $834,494 (▲4%*)
Average Sales Price Per Square Foot Duplex/Single Family: $262 (▲6%*)
Range of Price Per Square Foot Duplex/Single Family: $187 - $358 PSF
Average Days on Market Duplex/Single Family: 175 (▲56%*)

Active Properties on Market at the Beginning of the Timeframe: 32
Active Properties on Market at the End of the Timeframe: 16
*Compared to the same time period in 2013

Singletree saw strong activity in the 4th quarter of 2014, which capped off a very active year for this communitiy. There are not many condominium properties in Singletree. A majority of the community consists of duplex and single family homes properties. We did see upward pricing pressure on pricing as a result of an inventory reduction of over 50% inthe quarter. Singletree is well known and loved for its sunny location and views of the Arrowhead ski area and surrounding mountain ranges. Amenities such as the Sonnenalp Golf Club make this a popular community for primary and second home owners alike.


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Homestead - Q4 2014
Data Timeframe: 10/1/2014 – 12/31/2014

Total Properties Sold: 15 (▼11%*)
- Condos/Townhomes Sold: 7 (▲0%*) 
- Duplex/Single Family Homes Sold: 8 (▼22%*)
Total Dollar Volume of Sales: $7,638,500 (▼12%*)

Average Sales Price Condos/Townhomes: $422,500 (▼3%*)
Average Sales Price Per Square Foot Condos/Townhomes: $230 (▼4%*)
Range of Price Per Square Foot Condos/Townhomes: $194 - $293 PSF
Average Days on Market Condos/Townhomes: 76 (▲0%*)

Average Sales Price Duplex/Single Family: $585,125 (▲6%*)
Average Price Per Square Foot Duplex/Single Family: $246 (14%*)
Range of Price Per Square Foot Duplex/Single Family: $143 - $390 PSF
Average Days on Market Duplex/Single Family: 106 (▲48%*)

Active Properties on Market at the Beginning of the Timeframe: 18
Active Properties on Market at the End of the Timeframe: 9
*Compared to the same time period in 2013

Homestead posted 15 sales in the 4th quarter for $7.6M in sales. This was an increase from the same time period last year. Inventory levels are low with a 50% reduction in inventory within the quarter. We do expect additional inventory in the early part of 2015 as this community is a more active selling period in the spring and summer.

 
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Lake Creek Valley - Q4 2014
Data Timeframe: 10/1/2014 – 12/31/2014

Total Properties Sold: 4 (▼25%*)
- Condos/Townhomes Sold: 0 (No change*
- Duplex/Single Family Homes Sold: 4 (▼25%*)
Total Dollar Volume of Sales: $9,220,000 (▼26%*)

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: $2,305,000 (▼1%*)
Average Price Per Square Foot Duplex/Single Family: $413 (▼12%*)
Range of Price Per Square Foot Duplex/Single Family: $264 - $611 PSF
Average Days on Market Duplex/Single Family: 390 (48%*)

Active Properties on Market at the Beginning of the Timeframe: 12
Active Properties on Market at the End of the Timeframe: 9
*Compared to the same time period in 2013

There were 4 sales in Lake Creek that accounted for $9.22M in dollar volume, there was a sale in each of the gated enclaves of Creamery Ranch and Pilgrim Downs. Lake Creek is a beautiful pastoral valley with large home sites, yet it is a short drive from Edwards. 

 
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Cordillera & Cordillera Valley Club - Q4 2014
Data Timeframe: 10/1/2014 – 12/31/2014

Total Properties Sold: 13 (▲8%*)
- Condos/Townhomes Sold: N/A
- Duplex/Single Family Homes Sold: 13 (▲8%*)
Total Dollar Volume of Sales: $27,094,150 (▲20%*)

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: $2,084,165 (▲10%*)
Average Sales Price Per Square Foot Duplex/Single Family: $349 (▲2%*)
Range of Price Per Square Foot Duplex/Single Family: $242 - $484 PSF
Average Days on Market Duplex/Single Family: 221 (▼3%*)

Active Properties on Market at the Beginning of the Timeframe: 78
Active Properties on Market at the End of the Timeframe: 9
*Compared to the same time period in 2013

Cordillera saw $27M in dollar colume in the 4th quarter, which showed improvement over the previous years' quarter. The volume in 2014 has led to stabilized pricing in this world class golf community. A number of sellers will withdraw their properties over the winter months as the most active selling season is the spring and summer months. 


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Significant Sales

Arrabelle at Vail Square , #629

Arrabelle at Vail Square, #629

Lionshead, CO
Closing price: $9,350,000
Date sold: October 3, 2014

  140 Charolais Circle Edwards Colorado

165 Forest Road

Vail Village, CO
Closing price: $7,925,000
Date sold: October 17, 2014

  The Creekhouse Vail CO

The Creekhouse

East Vail, CO

Closing price: $7,600,000
Date sold: December 17, 2014

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