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Second Quarter 2014 - Market Recap

The Town of Vail posted strong sales in the Second Quarter of 2014 with 59 transactions totaling over $160M in dollar volume.  This is the strongest Second Quarter for the Town of Vail since 2010 when several new luxury condo properties opened including the Ritz-Carlton Residences, Vail, Four Seasons Vail and Solaris Residences.  Similarly, Eagle County as a whole had its strongest Second Quarter since 2010 with over $375M in total dollar volume on 285 transactions.  Eagle County has seen a steady increase in the number of Second Quarter transactions each of the past four years which is a positive sign in an improving market.  Ascent Sotheby’s International Realty is proud to be the leading luxury boutique real estate firm in the Vail Valley with nearly $63M in total dollar volume (list and sale sides) in the Second Quarter.  


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 4/1/13-6/30/13 and 4/1/14-6/30/14.  

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 - Q2 2014
Data Timeframe: 4/1/2014 – 6/30/2014

Total Properties Sold: 6 (▼54%*)
- Condos/Townhomes Sold: 5 (▼62%*)
- Duplex/Single Family Homes Sold: 1 (▲100%*)
Total Dollar Volume of Sales: $5,522,000 (1%*)

Average Sales Price Condos/Townhomes: $554,400 (29%*)
Average Sales Price Per Square Foot Condos/Townhomes: $417 (11%*)
Range of Price Per Square Foot Condos/Townhomes: $365 - $483 PSF
Average Days on Market Condos/Townhomes: 281 (121%*)

Average Sales Price Duplex/Single Family: $2,750,000 (No sales in 2013*)
Average Sales Price Per Square Foot Duplex/Single Family: $553 (No sales in 2013*)
Range of Price Per Square Foot Duplex/Single Family: $533 PSF
Average Days on Market Duplex/Single Family: 472 (No sales in 2013*)

Active Properties on Market at the Beginning of the Timeframe: 41
Active Properties on Market at the End of the Timeframe: 57
*Compared to the same time period in 2013

East Vail saw a decline in total transaction volume in the second quarter of 2014 relative to the same period last year. Total dollar volume remained relatively constant; however, the average price of the properties that did sell in Q2 2014 was up nearly 30% over the Q2 2013 prior year.
See all active East Vail Properties »


Town of Vail Real Estate (East Vail to West Vail) - Q2 2014
Data Timeframe: 4/1/2014 – 6/30/2014

Total Properties Sold: 59 (2%*)
- Condos/Townhomes Sold: 43 (12%*)
- Duplex/Single Family Homes Sold: 16 (78%*)
Total Dollar Volume of Sales: $160,219,400 (131%*)

Average Sales Price Condos/Townhomes: $2,144,160 (101%*)
Average Sales Price Per Square Foot Condos/Townhomes: $997 (34%*)
Range of Price Per Square Foot Condos/Townhomes: $226 - $2,907 PSF
Average Days on Market Condos/Townhomes: 302 (42%*)

Average Sales Price Duplex/Single Family: $4,251,281 (126%*)
Average Sales Price Per Square Foot Duplex/Single Family: $802 (45%*)
Range of Price Per Square Foot Duplex/Single Family: $417 - $1,984 PSF
Average Days on Market Duplex/Single Family: 232 (21%*)

Active Properties on Market at the Beginning of the Timeframe: 287
Active Properties on Market at the End of the Timeframe: 302
*Compared to the same time period in 2013

Sales transaction volume remained relatively constant for the Town of Vail in the second quarter of 2014, relative to the same period last year. For the properties which did sell in 2014, the average price per square foot was up more than 30% to just under $1,000 per square foot across all property types. This rise reflects two factors; one, the mix of properties that sold was a “richer” mix versus 2013; and two, sellers are receiving higher prices for their properties versus 2013. As the market has continued to improve, we have seen several new construction listings coming to market. Single family homes were the real story in the second quarter, with unit sales volume up nearly 80% over the same period last year. The average sale price for single family homes was pulled up considerably by 2 very high end sales at $19M and $14.5M respectively.
See all active Vail Properties »


Vail Village Real Estate - Q2 2014
Data Timeframe: 4/1/2014 – 6/30/2014

Total Properties Sold: 18 (50%*)
- Condos/Townhomes Sold: 14 (17%*)
- Duplex/Single Family Homes Sold: 4 (No sales in 2013*)
Total Dollar Volume of Sales: $92,269,250 (204%*)

Average Sales Price Condos/Townhomes: $3,460,089 (37%*)
Average Sales Price Per Square Foot Condos/Townhomes: $1,674 (22%*)
Range of Price Per Square Foot Condos/Townhomes: $807 - $2,907 
Average Days on Market Condos/Townhomes: 443 (59%*)

Average Sales Price Duplex/Single Family: $10,957,000 (No sales in 2013*)
Average Price Per Square Foot Duplex/Single Family: $1,586 (No sales in 2013*)
Range of Price Per Square Foot Duplex/Single Family: $1,226 - $1,984 PSF
Average Days on Market Duplex/Single Family: 385 (No sales in 2013*)

Active Properties on Market at the Beginning of the Timeframe: 102
Active Properties on Market at the End of the Timeframe: 93
*Compared to the same time period in 2013

Unit sales volume was up an impressive 50% in the second quarter for Vail Village, with all property types outpacing the same period last year. Total dollar volume was up more than 200% as several high-end properties closed during the quarter, including four condo units over $5M and two Single Family homes over $14M.
See all active Vail Village Properties »


Lionshead Village Real Estate - Q2 2014
Data Timeframe: 4/1/2014 – 6/30/2014

Total Properties Sold: 8 (20%*)
- Condos/Townhomes Sold: 8 (20%*)
- Duplex/Single Family Homes Sold: 0 (No change*)
Total Dollar Volume of Sales: $29,069,000 (202%*)

Average Sales Price Condos/Townhomes: $3,633,625 (277%*)
Average Sales Price Per Square Foot Condos/Townhomes: $1,318 (40%*)
Range of Price Per Square Foot Condos/Townhomes: $686 - $2,000 PSF
Average Days on Market Condos/Townhomes: 234 (19%*)

Average Sales Price Duplex/Single Family: No data for Q2
Average Price Per Square Foot Duplex/Single Family: No data for Q2
Range of Price Per Square Foot Duplex/Single Family: No data for Q2
Average Days on Market Duplex/Single Family: No data for Q2

Active Properties on Market at the Beginning of the Timeframe: 68
Active Properties on Market at the End of the Timeframe: 54
*Compared to the same time period in 2013

Lionshead saw an increase in total dollar volume of sales of more than 200% in the second quarter, primarily due to four sales at the Ritz-Carlton Residences, Vail. The top sale for the quarter was a beautiful 5BR/6BA Penthouse at the Ritz-Carlton that sold for $8.5M ($2000 per square foot). Many consider Lionshead to be undervalued relative to Vail Village where the average sale price for condos is significantly higher than Lionshead, as is evidenced by the spread of over 20% in price per square foot in the second quarter. Excellent opportunities still exist, especially new construction condos, which continue to sell at a good pace.
See all active Lionshead Village Properties »


West Vail & Highland Meadows - Q2 2014
Data Timeframe: 4/1/2014 – 6/30/2014

Total Properties Sold: 10 (11%*)
- Condos/Townhomes Sold: 4 (33%*)
- Duplex/Single Family Homes Sold: 6 (100%*)
Total Dollar Volume of Sales: $12,649,400 (88%*)

Average Sales Price Condos/Townhomes: $645,475 (60%*)
Average Sales Price Per Square Foot Condos/Townhomes: $377 (6%*)
Range of Price Per Square Foot Condos/Townhomes: $311 - $483 PSF
Average Days on Market Condos/Townhomes: 82 (45%*)

Average Sales Price Duplex/Single Family: $1,677,917 (17%*)
Average Sales Price Per Square Foot Duplex/Single Family: $491 (12%*)
Range of Price Per Square Foot Duplex/Single Family: $417 - $574 PSF
Average Days on Market Duplex/Single Family: 60 (80%*)

Active Properties on Market at the Beginning of the Timeframe: 22
Active Properties on Market at the End of the Timeframe: 33
*Compared to the same time period in 2013

The West Vail neighborhoods recorded a strong second quarter with total dollar volume of sales up nearly 90% over the same period last year. Single family and duplex sales were up 100%. The increase in average sale price for single family and duplex homes was primarily attributed to the sale of a remodeled contemporary home on West Gore Creek Drive that sold for $2,425,000 ($574 per square foot) and a new construction duplex in Intermountain that sold for $2,125,000 ($516 per square foot).
See all active West Vail Properties »


Minturn - Q2 2014
Data Timeframe: 4/1/2014 – 6/30/2014

Total Properties Sold: 4 (56%*) 
- Condos/Townhomes Sold:1 (0%*)
- Duplex/Single Family Homes Sold: 3 (63%*)

Total Dollar Volume of Sales: $2,147,000 (55%*)

Average Sales Price Condos/Townhomes:$462,000 (14%*)
Average Sales Price Per Square Foot Condos/Townhomes:$246 (12%*)
Range of Price Per Square Foot Condos/Townhomes: $246
Average Days on Market Condos/Townhomes: 53 (342%*)

Average Sales Price Duplex/Single Family: $561,667 (3%*)
Average Sales Price Per Square Foot Duplex/Single Family: $256 (20%*)
Range of Price Per Square Foot Duplex/Single Family: $160 - $316
Average Days on Market Duplex/Single Family: 177 (34%*)

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

The pace of sales has slowed a bit in Minturn as many properties have been absorbed over the past year.  Some very interesting properties remain available in this attractive area, including the Game Creek Estate, which features 10 acres of private land with ski-in access from Vail Mountain via the Minturn Mile ski trail.
See all active Minturn Properties »


EagleVail - Q2 2014
Data Timeframe: 4/1/2014 – 6/30/2014

Total Properties Sold: 11 (▼42%*)
- Condos/Townhomes Sold: 3 (▼73%*) 
- Duplex/Single Family Homes Sold: 8 (0%*)
Total Dollar Volume of Sales: $6,081,000 (▼8%*)

Average Sales Price Condos/Townhomes: $305,000 (19%*)
Average Sales Price Per Square Foot Condos/Townhomes: $235 (14%*)
Range of Price Per Square Foot Condos/Townhomes: $206 - $272 PSF
Average Days on Market Condos/Townhomes: 85 (270%*)

Average Sales Price Duplex/Single Family: $645,750 (35%*)
Average Price Per Square Foot Duplex/Single Family: $268 (8%*)
Range of Price Per Square Foot Duplex/Single Family: $209 - $323 PSF

Average Days on Market Duplex/Single Family: 166 (261%*)

Active Properties on Market at the Beginning of the Timeframe: 19
Active Properties on Market at the End of the Timeframe: 33
*Compared to the same time period in 2013

Total dollar volume of sales remained relatively constant in EagleVail in the second quarter despite fewer sales relative to the same period last year.  The decline in availability is placing upward pressure on prices as is evidenced by an increase in average sale price across all property types.  Demand remains very strong for properties in this desirable community located between Vail and Beaver Creek.
See all active EagleVail Properties »


Avon - Q2 2014
Data Timeframe: 4/1/2014 – 6/30/2014

Total Properties Sold: 33 (▲36%*)
- Condos/Townhomes Sold: 33 (▲36%*)
- Duplex/Single Family Homes Sold: 0 (No change*)
Total Dollar Volume of Sales: $14,088,446 (▲47%*)

Average Sales Price Condos/Townhomes: $426,923 (16%*)
Average Sales Price Per Square Foot Condos/Townhomes: $289 (▼16%*)
Range of Price Per Square Foot Condos/Townhomes: $196 - $898 PSF
Average Days on Market Condos/Townhomes: 105 (143%*)

Average Sales Price Duplex/Single Family: No data for Q2
Average Price Per Square Foot Duplex/Single Family: No data for Q2
Range of Price Per Square Foot Duplex/Single Family: No data for Q2 
Average Days on Market Duplex/Single Family: No data for Q2

Active Properties on Market at the Beginning of the Timeframe: 75
Active Properties on Market at the End of the Timeframe: 90
*Compared to the same time period in 2013

Total dollar volume of sales in the second quarter was nearly double that of last year for Avon, marked by a sharp increase in condo sales.  Notable sales include a 4BR/6BA Penthouse at the Westin Riverfront that sold for $2,750,000.  Properties in this price point are moving quickly as is evidenced by a decrease of more than 100% in average days on market. 
See all active Avon Properties »


Wildwood/Wildridge - Q2 2014
Data Timeframe: 4/1/2014 – 6/30/2014

Total Properties Sold: 9 (▲11%*)
- Condos/Townhomes Sold: 5 (▲60%*)
- Duplex/Single Family Homes Sold: 4 (50%*)
Total Dollar Volume of Sales: $4,731,500 (▼11%*)

Average Sales Price Condos/Townhomes: $434,100 (▲9%*)
Average Sales Price Per Square Foot Condos/Townhomes: $216 (▼34%*)
Range of Price Per Square Foot Condos/Townhomes: $182 - $244 PSF
Average Days on Market Condos/Townhomes: 73 (▲72%*)

Average Sales Price Duplex/Single Family: $640,250 (17%*)
Average Price Per Square Foot Duplex/Single Family: $208 (19%*)
Range of Price Per Square Foot Duplex/Single Family: $150 - $249 PSF
Average Days on Market Duplex/Single Family: 122 (▼61%*)

Active Properties on Market at the Beginning of the Timeframe: 20
Active Properties on Market at the End of the Timeframe: 30
*Compared to the same time period in 2013

Total dollar volume of sales was down slightly in the second quarter in the neighborhoods of Wildridge and Wildwood.  Good opportunities exist here at lower price points as is evidenced by seven of the nine total transactions selling below $600,000.  
See all active Wildwood/Wildridge Properties »


Beaver Creek - Q2 2014
Data Timeframe: 4/1/2014 – 6/30/2014

Total Properties Sold: 17 (▼6%*)
- Condos/Townhomes Sold: 17 (18%*) 
- Duplex/Single Family Homes Sold: 1 (▼300%*)
Total Dollar Volume of Sales: $30,831,549 (21%*)

Average Sales Price Condos/Townhomes: $1,563,621 (36%*)
Average Sales Price Per Square Foot Condos/Townhomes: $711 (14%*)
Range of Price Per Square Foot Condos/Townhomes: $454 - $1067 PSF
Average Days on Market Condos/Townhomes: 379 (42%*)

Average Sales Price Duplex/Single Family: $4,250,000 (▲40%*)
Average Price Per Square Foot Duplex/Single Family: $559 (▲1%*)
Range of Price Per Square Foot Duplex/Single Family: $559 PSF
Average Days on Market Duplex/Single Family: 137 (▼49%*)

Active Properties on Market at the Beginning of the Timeframe: 116
Active Properties on Market at the End of the Timeframe: 112
*Compared to the same time period in 2013

Unit sales volume for the second quarter were relatively constant compared to the prior year in Beaver Creek, with condo and townhome sales up slightly.  Continued absorption of condo and townhome properties has led to some upward pressure on pricing as is evidenced by an increase of nearly 40% in average sale price over the prior year.  Single family home sales have been slow in Beaver Creek with just 2 sales year to date.  A large amount of inventory for single family homes is creating opportunities for buyers.  Pricing homes appropriately continues to be the key to selling in this 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 - Q2 2014
Data Timeframe: 4/1/2014 – 6/30/2014

Total Properties Sold: 10 (10%*)
- Condos/Townhomes Sold: 7 (71%*
- Duplex/Single Family Homes Sold: 3 (▼67%*)
Total Dollar Volume of Sales: $41,370,000 (32%*)

Average Sales Price Condos/Townhomes: $2,504,000 (32%*)
Average Sales Price Per Square Foot Condos/Townhomes: $898 (18%*)
Range of Price Per Square Foot Condos/Townhomes: $762 - $985 PSF
Average Days on Market Condos/Townhomes: 259 (80%*)

Average Sales Price Duplex/Single Family: $7,947,333 (47%*)
Average Price Per Square Foot Duplex/Single Family: $866 (12%*)
Range of Price Per Square Foot Duplex/Single Family: $751 - $926 PSF
Average Days on Market Duplex/Single Family: 517 (32%*)

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

Total dollar volume was up over 30% in the second quarter, primarily due to the sale of 3 single family homes at an average price of nearly $8M.   Condo sales were also strong in the second quarter for Bachelor Gulch with unit sales up 71% over the same period last year.   Demand continues to be strong for this area known for convenient ski-in/ski-out access and views of the surrounding mountains.
See all active Bachelor Gulch Properties »


Arrowhead - Q2 2014
Data Timeframe: 4/1/2014 – 6/30/2014

Total Properties Sold: 16 (▲13%*)
- Condos/Townhomes Sold: 9 (▲33%*) 
- Duplex/Single Family Homes Sold: 7 (▼14%*)
Total Dollar Volume of Sales: $29,992,933 (32%*)

Average Sales Price Condos/Townhomes: $735,889 (▲26%*)
Average Sales Price Per Square Foot Condos/Townhomes: $468 (▲6%*)
Range of Price Per Square Foot Condos/Townhomes: $370 - $605 PSF
Average Days on Market Condos/Townhomes: 170 (▼139%*)

Average Sales Price Duplex/Single Family: $3,328,562 (▲36%*)
Average Price Per Square Foot Duplex/Single Family: $488 (▲5%*)
Range of Price Per Square Foot Duplex/Single Family: $313 - $725 PSF
Average Days on Market Duplex/Single Family: 350 (39%*)

Active Properties on Market at the Beginning of the Timeframe: 42
Active Properties on Market at the End of the Timeframe: 47
*Compared to the same time period in 2013

Arrowhead saw a modest increase in total dollar volume of sales in the second quarter relative to the same period last year with over $29M in sales.  Arrowhead has seen consistent absorption across all property types year over year, which has placed some upward pressure on pricing.  This community is known for its convenient access to the ski mountain, as well as the Country Club of the Rockies golf facilities, including an Arnold Palmer-designed golf course, popular in the summer months.
See all active Arrowhead Properties »


Edwards/Scottsville - Q2 2014
Data Timeframe: 4/1/2014 – 6/30/2014

Total Properties Sold: 27 (▲74%*)
- Condos/Townhomes Sold: 14 (57%*
- Duplex/Single Family Homes Sold: 3 (▲67%*)
Total Dollar Volume of Sales: $7,998,900 (▲72%*)

Average Sales Price Condos/Townhomes: $419,929 (▲32%*)
Average Sales Price Per Square Foot Condos/Townhomes: $315 (▲18%*)
Range of Price Per Square Foot Condos/Townhomes: $219 - $338 PSF
Average Days on Market Condos/Townhomes: 72 (▲13%*)

Average Sales Price Duplex/Single Family: $706,000 (20%*)
Average Price Per Square Foot Duplex/Single Family: $233 (6%*)
Range of Price Per Square Foot Duplex/Single Family: $228 - $241 PSF
Average Days on Market Duplex/Single Family: 83 (84%*)

Active Properties on Market at the Beginning of the Timeframe: 21
Active Properties on Market at the End of the Timeframe: 27
*Compared to the same time period in 2013

Edwards had a very strong second quarter with unit sales volume up more than 70% over the same period last year.  The condo market was extremely active with 14 sales in the quarter, up nearly 60% over last year.  Average sale prices were up across all property types, as demand remains strong for this community primarily comprised of full-time residents.  
See all active Edwards/Scottsville Properties »


Singletree - Q2 2014
Data Timeframe: 4/1/2014 – 6/30/2014

Total Properties Sold: 9 (22%*)
- Condos/Townhomes Sold: 1 (0%*)
- Duplex/Single Family Homes Sold: 8 (▼25%*)
Total Dollar Volume of Sales: $7,143,000 (57%*)

Average Sales Price Condos/Townhomes: $499,000 (▲36%*)
Average Sales Price Per Square Foot Condos/Townhomes: $334 (▲33%*)
Range of Price Per Square Foot Condos/Townhomes: $334
Average Days on Market Condos/Townhomes: 0 (No sales in Q1 2013*)

Average Sales Price Duplex/Single Family: $830,500 (▼31%*)
Average Sales Price Per Square Foot Duplex/Single Family: $278 (▲4%*)
Range of Price Per Square Foot Duplex/Single Family: $211 - $376 PSF
Average Days on Market Duplex/Single Family: 210 (▼19%*)

Active Properties on Market at the Beginning of the Timeframe: 22
Active Properties on Market at the End of the Timeframe: 43
*Compared to the same time period in 2013

Singletree saw a relatively light second quarter with both unit sales and dollar volume down relative to the same period last year.  This community is primarily a summer market, and there are currently 12 properties under contract there.  Watch for a lively third quarter, as many of those properties will begin to close.
See all active Singletree Properties »


Homestead - Q2 2014
Data Timeframe: 4/1/2014 – 6/30/2014

Total Properties Sold: 5 (140%*)
- Condos/Townhomes Sold: 4 (▼25%*) 
- Duplex/Single Family Homes Sold: 1 (600%*)
Total Dollar Volume of Sales: $2,110,000 (▼246%*)

Average Sales Price Condos/Townhomes: $395,000 (▲7%*)
Average Sales Price Per Square Foot Condos/Townhomes: $229 (▼1%*)
Range of Price Per Square Foot Condos/Townhomes: $193 - $277 PSF
Average Days on Market Condos/Townhomes: 26 (▼670%*)

Average Sales Price Duplex/Single Family: $530,000 (47%*)
Average Price Per Square Foot Duplex/Single Family: $256 (17%*)
Range of Price Per Square Foot Duplex/Single Family: $256 PSF
Average Days on Market Duplex/Single Family: 0 (▲143%*)

Active Properties on Market at the Beginning of the Timeframe: 10
Active Properties on Market at the End of the Timeframe: 17
*Compared to the same time period in 2013

Homestead was very quiet in the second quarter with just 5 closed sales.  Much of the available inventory has been absorbed over the past year and inventory levels are relatively low at this time.   There have been 22 properties sold or placed under contract since the start of the second quarter, so while the numbers do not necessary reflect it, there is a lot of activity taking place in Homestead currently.  Watch for an active third quarter as many of the properties now under contract will start to close.
See all active Homestead Properties »


Lake Creek Valley - Q2 2014
Data Timeframe: 4/1/2014 – 6/30/2014

Total Properties Sold: 3 (No change*)
- Condos/Townhomes Sold: 0 (No change*) 
- Duplex/Single Family Homes Sold: 3 (No change*)
Total Dollar Volume of Sales: $12,375,000 (▲64%*)

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: $4,125,000 (▲29%*)
Average Price Per Square Foot Duplex/Single Family: $492 (▲6%*)
Range of Price Per Square Foot Duplex/Single Family: $340 - $759 PSF
Average Days on Market Duplex/Single Family: 528 (▲25%*)

Active Properties on Market at the Beginning of the Timeframe: 13
Active Properties on Market at the End of the Timeframe: 12
*Compared to the same time period in 2013

Total dollar volume of sales was up more than 60% in the second quarter for Lake Creek, which is almost entirely attributable to the sale of a large estate property for $9,500,000.  The Lake Creek community is popular for its rural feel, yet convenient access to the shops and restaurants of Edwards as well as the ski areas of Vail and Beaver Creek.
See all active Lake Creek Valley Properties »


Cordillera & Cordillera Valley Club - Q2 2014
Data Timeframe: 4/1/2014 – 6/30/2014

Total Properties Sold: 9 (No change*)
- Condos/Townhomes Sold: N/A
- Duplex/Single Family Homes Sold: 8 (13%*)
Total Dollar Volume of Sales: $14,890,000 (32%*)

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: $1,654,444 (▲32%*)
Average Sales Price Per Square Foot Duplex/Single Family: $313 (▲14%*)
Range of Price Per Square Foot Duplex/Single Family: $226 - $460 PSF
Average Days on Market Duplex/Single Family: 295 (33%*)

Active Properties on Market at the Beginning of the Timeframe: 61
Active Properties on Market at the End of the Timeframe: 84
*Compared to the same time period in 2013

The communities of Cordillera and Cordillera Valley Club had a consistently strong second quarter with 9 sales.  The increase in average sale price is primarily due to the sale of a large single family home in Bearden Meadows that sold for $3,600,000.  We expect to see good activity in the third quarter as the golf season gets into full swing. 
See all active Cordillera & Cordillera Valley Club Properties »


Eagle & Brush Creek- Q2 2014

Data Timeframe: 4/1/2014 – 6/30/2014

Total Properties Sold: 22 (14%*)
- Condos/Townhomes Sold: 9 (▲22%*
- Duplex/Single Family Homes Sold: 13 (8%*)
Total Dollar Volume of Sales: $9,894,100 (17%*)

Average Sales Price Condos/Townhomes: $287,377 (4%*)
Average Sales Price Per Square Foot Condos/Townhomes: $175 (10%*)
Range of Price Per Square Foot Condos/Townhomes: $120 - $195 PSF
Average Days on Market Condos/Townhomes: 55 (▼122%*)

Average Sales Price Duplex/Single Family: $562,131 (▲7%*)
Average Price Per Square Foot Duplex/Single Family: $216 (14%*)
Range of Price Per Square Foot Duplex/Single Family: $119 - $285 PSF
Average Days on Market Duplex/Single Family: 43 (▼116%*)

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

Eagle experienced a strong second quarter in 2014 with significant increases in both transaction volume and dollar volume.  In all property categories, the average price per square foot for the properties that closed was up significantly.  Furthermore, average days on market for properties that closed was down dramatically as noted in the table above.  The trends suggest availability is tightening, which could lead to even higher average selling prices going forward.
See all active Eagle Properties »


Eagle Ranch - Q2 2014
Data Timeframe: 4/1/2014 – 6/30/2014

Total Properties Sold: 17 (6%*)
- Condos/Townhomes Sold: 6 (▲17%*) 
- Duplex/Single Family Homes Sold: 11 (18%*)
Total Dollar Volume of Sales: $8,120,400 (▼12%*)

Average Sales Price Condos/Townhomes: $247,333 (▲21%*)
Average Sales Price Per Square Foot Condos/Townhomes: $230 (23%*)
Range of Price Per Square Foot Condos/Townhomes: $174 - $296 PSF
Average Days on Market Condos/Townhomes: 82 (14%*)

Average Sales Price Duplex/Single Family: $603,309 (▼4%*)
Average Price Per Square Foot Duplex/Single Family: $184 (▲8%*)
Range of Price Per Square Foot Duplex/Single Family: $140 - $236 PSF
Average Days on Market Duplex/Single Family: 118 (▼10%*)

Active Properties on Market at the Beginning of the Timeframe: 38
Active Properties on Market at the End of the Timeframe: 53
*Compared to the same time period in 2013

Transaction volume in Eagle Ranch was essentially flat as compared to 2013 with single family homes accounting for about 65% of this year’s sales.  In the single family home category, the average price per square foot was up 8% despite the fact that the average price of the homes was down somewhat from 2013.  In the case of condos, the average price of those that closed was up 21% and the average price per square foot was up by 23%.
See all active Eagle Ranch Properties »


Gypsum - Q2 2014
Data Timeframe: 4/1/2014 – 6/30/2014

Total Properties Sold: 18 (▼39%*)
- Condos/Townhomes Sold: 2 (▲100%*)
- Duplex/Single Family Homes Sold: 16 (▼56%*)
Total Dollar Volume of Sales: $4,794,409 (26%*)

Average Sales Price Condos/Townhomes: $126,000
Average Sales Price Per Square Foot Condos/Townhomes: $108
Range of Price Per Square Foot Condos/Townhomes: $102 - $114
Average Days on Market Condos/Townhomes: 28 (▲100%*)

Average Sales Price Duplex/Single Family: $283,901 (15%*)
Average Sales Price Per Square Foot Duplex/Single Family: $158 (19%*)
Range of Price Per Square Foot Duplex/Single Family: $89 - $242 PSF
Average Days on Market Duplex/Single Family: 31 (▼21%*)

Active Properties on Market at the Beginning of the Timeframe: 5
Active Properties on Market at the End of the Timeframe: 11
*Compared to the same time period in 2013

In Gypsum, overall transaction volume was down by almost 40% with transaction volume down by 56% in the single family home category. This decline in volume can partially be attributed to the current low inventory environment. Despite the sales volume decline in that community, it appears sellers of single family homes received good value for their homes as the average price per square foot was up by almost 20% versus the same period last year.
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Significant Sales

Ritz-Carlton Residences, Vail #405

The Ritz-Carlton Residences, Vail #405

Lionshead, CO
Closing price: $8,500,000
Date sold: May 27, 2014

  1183 Cabin Circle Vail

1183 Cabin Circle

Vail Village, CO
Closing price: $4,400,000
Date sold: May 1, 2014

  1931 Paintbrush

1931 Paintbrush

Mountain Star, CO
Closing price: $2,500,000
Date sold: April 18, 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 »

  Squaw Creek Estate,  2015 Colorow

Squaw Creek Estate,
2015 Colorow

Edwards, CO
6 bedrooms | 8 baths
$7,995,000
Learn More »

  3838 Bridge Road East Vail

3838 Bridge Road

East Vail, CO
8 bedrooms | 9 baths , 1 Partial Bath
$5,800,000
Learn More »

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