The Ascent Report - Ascent Sotheby's International Realty

First Quarter 2013 - Market Recap

With 26 sales in the first quarter of 2013, Ascent Sotheby's International Realty is proud to be the leading office in total residential transactions in Eagle County and in the Town of Vail so far this year. We have the pleasure of representing some of Vail's finest homes and we are proud to be the exclusive Listing Agents for Vail Resorts Development Company at the luxurious and new Ritz-Carlton Residences, Vail.

Our team of 13 qualified agents each brings their own unique knowledge and expertise to the market, helping buyers and sellers make informed decisions and take advantage of the many real estate opportunities available now in the Vail Valley.

*Statistics are based on residential MLS data for Vail, Colorado, for the period of 1/1/13-3/31/13.

Click Your Neighborhood of Interest (click to view details):

East Vail
Town of Vail (East Vail to West Vail)
Vail Village
Lionshead Village
West Vail
Minturn
Eagle-Vail
Avon

Mountain Star (Avon)
Wildwood/Wildridge
Beaver Creek
Bachelor Gulch
Arrowhead
Edwards/Scottsville
Singletree
Homestead

Lake Creek Valley
Cordillera/Squaw Creek
Cordillera Valley Club
Bellyache/Wolcott
Eagle
Eagle Ranch
Brush Creek
Gypsum

Five-Year, First Quarter Trends for Eagle County Real Estate

A strong upward tick from 2009 should be credited to major price adjustments and low interest rates, creating great opportunities for value-driven buyers after the highs of 2007 and 2008 in Vail Valley real estate.
The first quarter of 2013 shows it slowed slightly, which can be attributed to the low inventory levels following the strong sales of sought-after inventory over the last 3 years as prices were coming down.
Also playing a role this first quarter was the marginal snowfall after a wonderful Christmas holiday and the post-election slow down in the economy

East Vail - Q1 2013
Data Timeframe: 1/1/2013 – 3/31/2013

Total Properties Sold: 11 (▼15%*)
- Condos/Townhomes Sold: 7 (▼13%*)
- Duplex/Single Family Homes Sold: 4 (▼20%*)
Total Dollar Volume of Sales: $17,460,000 (▼33%*)

Average Sales Price Condos/Townhomes: $1,708,571 (▲5%*)
Average Sales Price Per Square Foot Condos/Townhomes: $414 (▲4%*)
Range of Price Per Square Foot Condos/Townhomes: $330 - $521 PSF
Average Days on Market Condos/Townhomes: 133 (▼26%*)

Average Sales Price Duplex/Single Family: $1,196,875 (▼28%*)
Average Sales Price Per Square Foot Duplex/Single Family: $415 (▼10%*)
Range of Price Per Square Foor Duplex/Single Family: $348 - $458 PSF
Average Days on Market Duplex/Single Family: 100 (▼76%*)

Active Properties on Market at the Beginning of the Timeframe: 41
Active Properties on Market at the End of the Timeframe: 38
*Compared to the same time period in 2012

Condo and Townhome sales in East Vail saw an increase in average sale price of 5% in the first quarter. While total unit sales were down slightly versus the first quarter of last year, condos and townhomes continue to move quickly in this market with average days on market down more than 25%. This is most likely due to the number of sales of discounted and well-priced properties that have been sold; a natural occurance due to supply and demand, and attractive pricing. Now is a great time for condo and townhome sellers to consider putting their properties on the market as we head into the summer selling season.
See all active East Vail Properties »

Town of Vail Real Estate (East Vail to West Vail) - Q1 2013
Data Timeframe: 1/1/2013 – 3/31/2013

Total Properties Sold: 43 (▼26%*)
- Condos/Townhomes Sold: 32 (▼30%*)
- Duplex/Single Family Homes Sold: 11 (▼8%*)
Total Dollar Volume of Sales: $71,822,897 (▼31%*)

Average Sales Price Condos/Townhomes: $1,143,450 (▼16%*)
Average Sales Price Per Square Foot Condos/Townhomes: $857 (▼12%*)
Range of Price Per Square Foot Condos/Townhomes: $279 - $2,092 PSF
Average Days on Market Condos/Townhomes: 229 (▼19%*)

Average Sales Price Duplex/Single Family: $3,202,955 (▼8%*)
Average Sales Price Per Square Foot Duplex/Single Family: $861 (▼7%*)
Range of Price Per Square Foot Duplex/Single Family: $348 - $1,642 PSF
Average Days on Market Duplex/Single Family: 156 (▼61%*)

Active Properties on Market at the Beginning of the Timeframe: 345
Active Properties on Market at the End of the Timeframe: 342
*Compared to the same time period in 2012

Total unit sales and total dollar volumes were down slightly relative to the first quarter of 2012. This signals a strong buy opportunity, as prices remain low. Buyers should be aware that properties are moving relatively quickly, with all property types spending less time on the market than in the first quarter of 2012. Sellers are anticipating a strong summer selling season as Vail adds even more summertime activities to its already strong cache of events and activities taking place in the resort over the summer months.
See all active Vail Properties »

Vail Village Real Estate - Q1 2013
Data Timeframe: 1/1/2013 – 3/31/2013

Total Properties Sold: 8 (▼53%*)
- Condos/Townhomes Sold: 6 (▼63%*)
- Duplex/Single Family Homes Sold: 2 (▲100%*)
Total Dollar Volume of Sales: $31,620,000 (▼37%*)

Average Sales Price Condos/Townhomes: $2,286,667 (▲1%*)
Average Sales Price Per Square Foot Condos/Townhomes: $1,451 (▼8%*)
Range of Price Per Square Foot Condos/Townhomes: $834 - $2,092 PSF
Average Days on Market Condos/Townhomes: 643 (▲97%*)

Average Sales Price Duplex/Single Family: $8,950,000 (▼37%*)
Average Price Per Square Foot Duplex/Single Family: $1,397 (▼46%*)
Range of Price Per Square Foot Duplex/Single Family: $1,088 - $1,537 PSF
Average Days on Market Duplex/Single Family: 67 (▼91%*)

Active Properties on Market at the Beginning of the Timeframe: 125
Active Properties on Market at the End of the Timeframe: 113
*Compared to the same time period in 2012

Vail Village sales condominium and townhome sales were down compared to the first quarter of 2012. Single family and duplex sales were up over the first quarter of last year, with the corresponding drop in average sales price attributable to the fact that the only single family home sold in the first quarter of 2012 was a very high-end sale at $14.1 million. Buyers should note that single family homes and duplexes are averaging only 67 days on market, nearly half the average time on market for like properties during the first quarter of 2012. We are seeing diminishing inventory of sought after properties in the resort markets, especially in the upper end. Sellers of the remaining inventory have been firmer in their pricing and negotiations.
See all active Vail Village Properties »

Lionshead Village Real Estate - Q1 2013
Data Timeframe: 1/1/2013 – 3/31/2013

Total Properties Sold: 8 (▲14%*)
- Condos/Townhomes Sold: 7 (▲17%*)
- Duplex/Single Family Homes Sold: 1 (No Change*)
Total Dollar Volume of Sales: $17,460,000 (▼25%*)

Average Sales Price Condos/Townhomes: $1,708,571 (▼35%*)
Average Sales Price Per Square Foot Condos/Townhomes: $1,204 (▼14%*)
Range of Price Per Square Foot Condos/Townhomes: $716 - $1,492 PSF
Average Days on Market Condos/Townhomes: 223 (▼33%*)

Average Sales Price Duplex/Single Family: $5,500,000 (▼27%*)
Average Price Per Square Foot Duplex/Single Family: $1,642 (▼6%*)
Range of Price Per Square Foot Duplex/Single Family: $1,642 (Only one sale in Q1)
Average Days on Market Duplex/Single Family: 353 (▲1207%*)

Active Properties on Market at the Beginning of the Timeframe: 82
Active Properties on Market at the End of the Timeframe: 84
*Compared to the same time period in 2012

Lionshead continues to be a strong market with 8 properties sold during the first quarter of 2013, an increase of 14% over the first quarter of 2012. The increase was driven by the sale of condominiums/townhomes, with The Ritz-Carlton Residences, Vail, leading the way with 4 sales in the first quarter. With average sales prices down across all property types, we anticipate a strong summer as buyers seek to capitalize on the remaining opportunities available in Lionshead.
See all active Lionshead Village Properties »

West Vail - Q1 2013
Data Timeframe: 1/1/2013 – 3/31/2013

Total Properties Sold: 3 (▼57%*)
- Condos/Townhomes Sold: 3 (▼50%*)
- Duplex/Single Family Homes Sold: 0 (▼100%*)
Total Dollar Volume of Sales: $908,000 (▼71%*)

Average Sales Price Condos/Townhomes: $302,667 (▼24%*)
Average Sales Price Per Square Foot Condos/Townhomes: $322 (▲9%*)
Range of Price Per Square Foot Condos/Townhomes: $279 - $380 PSF
Average Days on Market Condos/Townhomes: 79 (▼70%*)

Average Sales Price Duplex/Single Family: (No Q1 sales in 2012 and 2013)
Average Sales Price Per Square Foot Duplex/Single Family: (No Q1 sales in 2012 and 2013)
Range of Price Per Square Foot Duplex/Single Family: (No Q1 sales in 2012 and 2013)
Average Days on Market Duplex/Single Family: (No Q1 sales in 2012 and 2013)

Active Properties on Market at the Beginning of the Timeframe: 22
Active Properties on Market at the End of the Timeframe: 30
*Compared to the same time period in 2012

West Vail remains a desirable location with easy access to the lifts and mountain activities. Sales in this neighborhood have slowed slightly in the first quarter as many buyers are in search of newer construction. When new product becomes available in this neighborhood, they tend to sell quickly.
See all active West Vail Properties »

Minturn - Q1 2013
Data Timeframe: 1/1/2013 – 3/31/2013

Total Properties Sold: 3 (▲200%*)
- Condos/Townhomes Sold: 0 (▼100%*)
- Duplex/Single Family Homes Sold: 3 (▲300%*)
Total Dollar Volume of Sales: $971,000 (▲195%*)

Average Sales Price Condos/Townhomes: (No Q1 sales in 2012 and 2013)
Average Sales Price Per Square Foot Condos/Townhomes: (No Q1 sales in 2012 and 2013)
Average Days on Market Condos/Townhomes: (No Q1 sales in 2012 and 2013)

Average Sales Price Duplex/Single Family: $323,667 (No Q1 sales in 2012)
Average Sales Price Per Square Foot Duplex/Single Family: $190 (No Q1 sales in 2012)
Average Days on Market Duplex/Single Family: 51 (No Q1 sales in 2012)

Active Properties on Market at the Beginning of the Timeframe: 13
Active Properties on Market at the End of the Timeframe: 14
*Compared to the same time period in 2012

Minturn is a market unto itself with its unique setting, laid back lifestyle and history (it's the oldest town in the Vail Valley!). Current buyers in this area are a select group seeking opportunities in this charming, quiet town, where there are older properties to renovate, many of which are set along the beautiful Eagle River.
See all active Minturn Properties »

Eagle-Vail - Q1 2013
Data Timeframe: 1/1/2013 – 3/31/2013

Total Properties Sold: 5 (▼44%*)
- Condos/Townhomes Sold: 3 (▼25%*)
- Duplex/Single Family Homes Sold: 2 (▼60%*)
Total Dollar Volume of Sales: $2,025,000 (▼29%*)

Average Sales Price Condos/Townhomes: $282,500 (▲22%*)
Average Sales Price Per Square Foot Condos/Townhomes: $215 (▲26%*)
Average Days on Market Condos/Townhomes: 84 (▼6%*)

Average Sales Price Duplex/Single Family: $588,750 (▲52%*)
Average Price Per Square Foot Duplex/Single Family: $226 (▲12%*)
Average Days on Market Duplex/Single Family: 23 (▼77%*)

Active Properties on Market at the Beginning of the Timeframe: 21
Active Properties on Market at the End of the Timeframe: 24
*Compared to the same time period in 2012

Inventory at this time seems low across all property types in the Eagle-Vail neighborhood. As demand increases for homes in this desirable location, situated directly between Vail and Beaver Creek resorts, prices have begun to rise. New inventory, especially single family homes and duplexes, are highly sought after in this area. Buyers should keep a close watch on this neighborhood moving into summer season.
See all active Eagle-Vail Properties »

Avon - Q1 2013
Data Timeframe: 1/1/2013 – 3/31/2013

Total Properties Sold: 17 (No change*)
- Condos/Townhomes Sold: 17 (No change*)
- Duplex/Single Family Homes Sold: 0 (No change*)
Total Dollar Volume of Sales: $6,681,250 (▲17%*)

Average Sales Price Condos/Townhomes: $393,015 (▲17%*)
Average Sales Price Per Square Foot Condos/Townhomes: $353 (▲40%*)
Average Days on Market Condos/Townhomes: 287 (▲50%*)

Average Sales Price Duplex/Single Family: (No Q1 sales in 2012 and 2013)
Average Price Per Square Foot Duplex/Single Family: (No Q1 sales in 2012 and 2013)
Average Days on Market Duplex/Single Family: (No Q1 sales in 2012 and 2013)

Active Properties on Market at the Beginning of the Timeframe: 161
Active Properties on Market at the End of the Timeframe: 152
*Compared to the same time period in 2012

Avon has seen a tremendous recovery this past year and especially in recent months. Realistic pricing has been the key factor, further evidenced by the trend we see in the Wildwood/Wildridge communities.
See all active Avon Properties »

Mountain Star (Avon) - Q1 2013
Data Timeframe: 1/1/2013 – 3/31/2013

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

Active Properties on Market at the Beginning of the Timeframe: 2
Active Properties on Market at the End of the Timeframe: 2
*Compared to the same time period in 2012

Mountain Star is an exclusive neighborhood tucked away in the beautiful aspen groves of Avon, where there is generally low inventory for sale and owners don't seem as motivated to sell. Historically, sales tend to take place in the 3rd and 4th quarters.
See all active Mountain Star Properties »

Wildwood/Wildridge - Q1 2013
Data Timeframe: 1/1/2013 – 3/31/2013

Total Properties Sold: 7 (No change*)
- Condos/Townhomes Sold: 4 (▲100%*)
- Duplex/Single Family Homes Sold: 3 (▼40%*)
Total Dollar Volume of Sales: $3,767,000 (▼23%*)

Average Sales Price Condos/Townhomes: $395,500 (▲28%*)
Average Sales Price Per Square Foot Condos/Townhomes: $186 (▼13%*)
Average Days on Market Condos/Townhomes: 84 (▲40%*)

Average Sales Price Duplex/Single Family: $728,333 (▼15%*)
Average Price Per Square Foot Duplex/Single Family: $222 (▲6%*)
Average Days on Market Duplex/Single Family: 55 (▼71%*)

Active Properties on Market at the Beginning of the Timeframe: 15
Active Properties on Market at the End of the Timeframe: 13
*Compared to the same time period in 2012

Wildridge/Wildwood seems to finally hit its stride in continuous sales since stalling in 2011. Driving factors for this are overdue price adjustments and newer product in the neighborhood.
See all active Wildwood/Wildridge Properties »

Beaver Creek - Q1 2013
Data Timeframe: 1/1/2013 – 3/31/2013

Total Properties Sold: 11 (▼35%*)
- Condos/Townhomes Sold: 11 (▼21%*)
- Duplex/Single Family Homes Sold: 0 (▼100%*)
Total Dollar Volume of Sales: $13,300,000 (▼66%*)

Average Sales Price Condos/Townhomes: $1,209,091 (▼44%*)
Average Sales Price Per Square Foot Condos/Townhomes: $678 (▼18%*)
Range of Price Per Square Foot Condos/Townhomes: $503 - $863 PSF
Average Days on Market Condos/Townhomes: 84 (▲16%*)

Average Sales Price Duplex/Single Family: (No Q1 sales in 2012 and 2013)
Average Price Per Square Foot Duplex/Single Family: (No Q1 sales in 2012 and 2013)
Range of Price Per Square Foot Duplex/Single Family: (No Q1 sales in 2012 and 2013)
Average Days on Market Duplex/Single Family: (No Q1 sales in 2012 and 2013)

Active Properties on Market at the Beginning of the Timeframe: 132
Active Properties on Market at the End of the Timeframe: 128
*Compared to the same time period in 2012

Beaver Creek has seen a majority of its sales in discounted properties this past year. Historically, first quarter sales are slow and then pick up pace in the second quarter.
See all active Beaver Creek Properties »

Bachelor Gulch - Q1 2013
Data Timeframe: 1/1/2013 – 3/31/2013

Total Properties Sold: 8 (▲33%*)
- Condos/Townhomes Sold: 7 (▲75%*)
- Duplex/Single Family Homes Sold: 1 (▼50%*)
Total Dollar Volume of Sales: $17,935,000 (▼43%*)

Average Sales Price Condos/Townhomes: $1,834,286 (▼26%*)
Average Sales Price Per Square Foot Condos/Townhomes: $816 (▼4%*)
Range of Price Per Square Foot Condos/Townhomes: $532 - $1,205 PSF
Average Days on Market Condos/Townhomes: 295 (▲304%*)

Average Sales Price Duplex/Single Family: $5,095,000 (▼53%*)
Average Price Per Square Foot Duplex/Single Family: $854 (▼20%*)
Range of Price Per Square Foot Duplex/Single Family: $854 (Only sale in Q1)
Average Days on Market Duplex/Single Family: 173 (▲260%*)

Active Properties on Market at the Beginning of the Timeframe: 49
Active Properties on Market at the End of the Timeframe: 47
*Compared to the same time period in 2012

First quarter sales in Bachelor Gulch have been marked by a dramatic increase in condominium/townhome sales at 75% above the level set this time last year. The first quarter of 2012 included two significant single family home sales, at an average sales price of $10.75 million. The drop off in total dollar volume was attributable in large part to the fact that there was only one single family home sold in the first quarter of 2013 in this area. Pricing played a major role again in attracting value-conscious buyers back to Bachelor Gulch.
See all active Bachelor Gulch Properties »

Arrowhead - Q1 2013
Data Timeframe: 1/1/2013 – 3/31/2013

Total Properties Sold: 10 (▲43%*)
- Condos/Townhomes Sold: 4 (▲100%*)
- Duplex/Single Family Homes Sold: 6 (▲20%*)
Total Dollar Volume of Sales: $16,050,500 (▲14%*)

Average Sales Price Condos/Townhomes: $1,533,000 (▼42%*)
Average Sales Price Per Square Foot Condos/Townhomes: $663 (▲9%*)
Range of Price Per Square Foot Condos/Townhomes: $331 - $934 PSF
Average Days on Market Condos/Townhomes: 130 (▼42%*)

Average Sales Price Duplex/Single Family: $1,653,083 (▼31%*)
Average Price Per Square Foot Duplex/Single Family: $382 (▼19%*)
Range of Price Per Square Foot Duplex/Single Family: $287 - $624 PSF
Average Days on Market Duplex/Single Family: 231 (▲6%*)

Active Properties on Market at the Beginning of the Timeframe: 54
Active Properties on Market at the End of the Timeframe: 55
*Compared to the same time period in 2012

Arrowhead has seen unusual winter activity, correlating to perceived value from the price adjustments to which buyers have reacted.
See all active Arrowhead Properties »

Edwards/Scottsville - Q1 2013
Data Timeframe: 1/1/2013 – 3/31/2013

Total Properties Sold: 5 (▼29%*)
- Condos/Townhomes Sold: 3 (▼50%*)
- Duplex/Single Family Homes Sold: 2 (▲100%*)
Total Dollar Volume of Sales: $2,505,000 (▲35%*)

Average Sales Price Condos/Townhomes: $392,500 (▲85%*)
Average Sales Price Per Square Foot Condos/Townhomes: $261 (▲38%*)
Average Days on Market Condos/Townhomes: 158 (▲222%*)

Average Sales Price Duplex/Single Family: $663,750 (▲14%*)
Average Price Per Square Foot Duplex/Single Family: $224 (▼9%*)
Average Days on Market Duplex/Single Family: 187 (▼29%*)

Active Properties on Market at the Beginning of the Timeframe: 19
Active Properties on Market at the End of the Timeframe: 20
*Compared to the same time period in 2012

This area tends to be more of a local market with Front Range influence of summer vacationers. Edwards is seeing great resurgence with the addition of great local attractions, shops, restaurants and quick access to many outdoor activities. Quarters 3 and 4 are normally quite strong in sales.
See all active Edwards/Scottsville Properties »

Singletree - Q1 2013
Data Timeframe: 1/1/2013 – 3/31/2013

Total Properties Sold: 9 (▲125%*)
- Condos/Townhomes Sold: 0 (▼100%*)
- Duplex/Single Family Homes Sold: 9 (▲200%*)
Total Dollar Volume of Sales: $8,031,350 (▲249%*)

Average Sales Price Duplex/Single Family: $892,372 (▲35%*)
Average Sales Price Per Square Foot Duplex/Single Family: $297 (▲38%*)
Average Days on Market Duplex/Single Family: 135 (▼45%*)

Active Properties on Market at the Beginning of the Timeframe: 25
Active Properties on Market at the End of the Timeframe: 20
*Compared to the same time period in 2012

Total unit sales and total dollar volumes were up noticeably during the first quarter of 2013. Prices are trending slightly upward for quality properties in this sunny location, a short drive from Vail and Beaver Creek resorts. Buyers are moving quickly as inventory remains low with desirable pricing.
See all active Singletree Properties »

Homestead - Q1 2013
Data Timeframe: 1/1/2013 – 3/31/2013

Total Properties Sold: 4 (No change*)
- Condos/Townhomes Sold: 2 (▼50%*)
- Duplex/Single Family Homes Sold: 2 (▲200%*)
Total Dollar Volume of Sales: $2,082,000 (▲89%*)

Average Sales Price Condos/Townhomes: $341,000 (▲24%*)
Average Sales Price Per Square Foot Condos/Townhomes: $193 (▼5%*)
Average Days on Market Condos/Townhomes: 31 (▼37%*)

Average Sales Price Duplex/Single Family: $700,000 (No Q1 sales in 2012)
Average Price Per Square Foot Duplex/Single Family: $183 (No Q1 sales in 2012)
Average Days on Market Duplex/Single Family: 125 (No Q1 sales in 2012)

Active Properties on Market at the Beginning of the Timeframe: 15
Active Properties on Market at the End of the Timeframe: 12
*Compared to the same time period in 2012

The first quarter of 2013 saw two new single family home sales, up from 0 sales in the first quarter of 2012. The single family home sales, at an average of $700,000, drove an increase in total dollar volume of sales of nearly 90% over the first quarter of 2012. The average sale price of condos/ townhomes was up almost 25%, with properties spending an average of only 31 days on the market, down 37% from the first quarter of 2012. With prices on the rise and inventory moving quickly, now might be a great time for sellers in the Homestead neighborhood. Buyers should be prepared to act quickly when their ideal property comes available.
See all active Homestead Properties »

Lake Creek Valley - Q1 2013
Data Timeframe: 1/1/2013 – 3/31/2013

Total Properties Sold: 0 (▼100%*)
- Condos/Townhomes Sold: 0 (No change from first quarter 2012)
- Duplex/Single Family Homes Sold: 0 (▼100%*)
Total Dollar Volume of Sales: $0 (▼100%*)

Active Properties on Market at the Beginning of the Timeframe: 21
Active Properties on Market at the End of the Timeframe: 20
*Compared to the same time period in 2012

One of the Vail Valley's jewels for a country lifestyle, Lake Creek has 3 homes from $1,000,000-$5,000,000 currently under contract. We saw sales of 6 homes and 4 lots in 2012, and will continue to see buyer interest due to the number of available properties that might still undergo price reductions, creating value propositions for serious buyers looking in Lake Creek.
See all active Lake Creek Valley Properties »

Cordillera/Squaw Creek - Q1 2013
Data Timeframe: 1/1/2013 – 3/31/2013

Total Properties Sold: 5 (▼17%*)
- Condos/Townhomes Sold: 0 (No change from the first quarter 2012)
- Duplex/Single Family Homes Sold: 5 (▼17%*)
Total Dollar Volume of Sales: $10,635,000 (▲4%*)

Average Sales Price Duplex/Single Family: $2,127,000 (▲25%*)
Average Sales Price Per Square Foot Duplex/Single Family: $324 (▲32%*)
Average Days on Market Duplex/Single Family: 316 (▼16%*)

Active Properties on Market at the Beginning of the Timeframe: 44
Active Properties on Market at the End of the Timeframe: 49
*Compared to the same time period in 2012

Cordillera, in spite of the controversy surrounding the ownership of the Golf Club, has continued to sell due to seller price adjustments. This summer will be a pivotal time for this neighborhood, given the finalization of ownership/management and the resurgence of members joining the Club. With the past years of uncertainty, great real estate opportunities existed and were taken advantage of. Prices may now begin to firm up and slight increases could start to take place.
See all active Cordillera/Squaw Creek Properties »

Cordillera Valley Club - Q1 2013
Data Timeframe: 1/1/2013 – 3/31/2013

Total Properties Sold: 6 (▲200%*)
- Condos/Townhomes Sold: 0 (No change*)
- Duplex/Single Family Homes Sold: 6 (▲200%*)
Total Dollar Volume of Sales: $7,030,000 (▲234%*)

Average Sales Price Duplex/Single Family: $1,171,667 (▲11%*)
Average Price Per Square Foot Duplex/Single Family: $265 (▼9%*)
Average Days on Market Duplex/Single Family: 252 (▼54%*)

Active Properties on Market at the Beginning of the Timeframe: 14
Active Properties on Market at the End of the Timeframe: 12
*Compared to the same time period in 2012

The re-pricing of many homes in the Cordillera Valley Club stimulated recent sales activity.
See all active Cordillera Valley Club Properties »

Bellyache/Wolcott - Q1 2013
Data Timeframe: 1/1/2013 – 3/31/2013

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

Active Properties on Market at the Beginning of the Timeframe: 10
Active Properties on Market at the End of the Timeframe: 9
*Compared to the same time period in 2012

Bellyache and surrounding communities have traditionally been a summer and fall attraction though, recently in April, two homes are under contract. In 2012, 13 homes and 8 lots traded, showing it to still be desirable.
See all active Bellyache/Wolcott Properties »

Eagle - Q1 2013

Data Timeframe: 1/1/2013 – 3/31/2013

Total Properties Sold: 21 (▲11%*)
- Condos/Townhomes Sold: 7 (▼22%*)
- Duplex/Single Family Homes Sold: 14 (▲40%*)
Total Dollar Volume of Sales: $6,320,800 (▲50%*)

Average Sales Price Condos/Townhomes: $173,843 (▲12%*)
Average Sales Price Per Square Foot Condos/Townhomes: $139 (▲25%*)
Range of Price Per Square Foot Condos/Townhomes: $88 - $202 PSF
Average Days on Market Condos/Townhomes: 36 (▼69%*)

Average Sales Price Duplex/Single Family: $364,564 (▲29%*)
Average Price Per Square Foot Duplex/Single Family: $159 (▲27%*)
Range of Price Per Square Foot Duplex/Single Family: $94 - $224 PSF
Average Days on Market Duplex/Single Family: 88 (▼26%*)

Active Properties on Market at the Beginning of the Timeframe: 60
Active Properties on Market at the End of the Timeframe: 48
*Compared to the same time period in 2012

Single family home sales were up noticeably in Eagle during the first quarter, driving an increase of 50% in total dollar volume of sales relative to the first quarter of 2012. Inventory across all property types is relatively low and seems to be putting upward pressure on pricing as quality product spends less time on the market than a year ago.
See all active Eagle Properties »

Eagle Ranch - Q1 2013
Data Timeframe: 1/1/2013 – 3/31/2013

Total Properties Sold: 12 (▲20%*)
- Condos/Townhomes Sold: 3 (▲200%*)
- Duplex/Single Family Homes Sold: 9 (No change*)
Total Dollar Volume of Sales: $7,585,000 (▲61%*)

Average Sales Price Condos/Townhomes: $244,667 (▲58%*)
Average Sales Price Per Square Foot Condos/Townhomes: $163 (▲12%*)
Average Days on Market Condos/Townhomes: 53 (▲39%*)

Average Sales Price Duplex/Single Family: $761,222 (▲50%*)
Average Price Per Square Foot Duplex/Single Family: $169 (▲17%*)
Average Days on Market Duplex/Single Family: 317 (▲58%*)

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 2012

Eagle Ranch continued to show strong activity as reduced pricing stimulated activity towards the end of last year. That trend seems to be reversing in the first quarter of 2013 as pricing begins to trend upward with decreasing inventory. Demand for newer product has benefitted sellers in this neighborhood where the majority of homes are less than 10 years old.
See all active Eagle Ranch Properties »

Brush Creek - Q1 2013
Data Timeframe: 1/1/2013 – 3/31/2013

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

Active Properties on Market at the Beginning of the Timeframe: 6
Active Properties on Market at the End of the Timeframe: 9
*Compared to the same time period in 2012

Brush Creek is a summer market and tends to be very quiet in the winter months.
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Gypsum - Q1 2013
Data Timeframe: 1/1/2013 – 3/31/2013

Total Properties Sold: 19 (▼5%*)
- Condos/Townhomes Sold: 5 (▼17%*)
- Duplex/Single Family Homes Sold: 14 (No change*)
Total Dollar Volume of Sales: $3,930,295 (▼12%*)

Average Sales Price Condos/Townhomes: $110,459 (▼15%*)
Average Sales Price Per Square Foot Condos/Townhomes: $90 (▲7%*)
Average Days on Market Condos/Townhomes: 15 (▼84%*)

Average Sales Price Duplex/Single Family: $241,286 (▼13%*)
Average Sales Price Per Square Foot Duplex/Single Family: $118 (▼7%*)
Average Days on Market Duplex/Single Family: 36 (▼55%*)

Active Properties on Market at the Beginning of the Timeframe: 12
Active Properties on Market at the End of the Timeframe: 8
*Compared to the same time period in 2012

The first quarter of 2013 saw sales dip slightly relative to the prior year. Single family home and duplex sales remained strong with 14 properties closing. With a slight dip in the condominium and townhome market, overall sales volume was down over the same period last year. Quality inventory is moving at a brisk pace with the average time on market for single family homes and duplexes at just over one month. Spring and Summer are the true indicatorsof sales acitvity in the Gypsum area. A strong local presence and great prices will fuel the market in Quarters 3 and 4.
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