Fourth Quarter 2013 - Market Recap

Ascent Sotheby's International Realty is proud to be the leading boutique real estate firm in Vail once again, with over $91 million in sales (list and sell sides) within the Town of Vail in 2013. As the exclusive listing agents for Vail Resorts' newest luxury residential property, The Ritz-Carlton Residences, Vail, Ascent Sotheby's Realty holds a commanding market share lead in Lionshead with nearly 1 of every 4 transactions in 2013 involving our agents.

With the inventory of available homes near 5-year record lows, we are seeing some upward pressure on pricing moving into 2014 and feel the real estate market in Vail will continue to improve over the coming year. In fact, we've seen more than $90 million in real estate placed under contract within the Town of Vail in the first 28 days of January.  With home prices rising in several primary residential markets in 2013, we anticipate increased demand for resort properties, especially those located within the most desirable areas, in 2014. Whether you are looking to buy or sell, our team of knowledgeable and skilled brokers at Ascent Sotheby's Realty are ready to help you get the most of out of your real estate investment in the Vail Valley. 

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

Also in this issue (click to view details):
Trends for the Town of Vail
Significant Sales
Featured Listings
New Developments

 

Trends for the Town of Vail by Year

Town of Vail Sales Volume by Year   Town of Vail Dollar Volume of Sales by Year

East Vail - Q4 2013
Data Timeframe: 10/1/2013 – 12/31/2013

Total Properties Sold: 28 (▲17%*)
- Condos/Townhomes Sold: 20 (▲18%*)
- Duplex/Single Family Homes Sold: 8 (▲14%*)
Total Dollar Volume of Sales: $23,115,100 (▲43%*)

Average Sales Price Condos/Townhomes: $417,080 (▼1%*)
Average Sales Price Per Square Foot Condos/Townhomes: $406 (▲12%*)
Range of Price Per Square Foot Condos/Townhomes: $306 - $524 PSF
Average Days on Market Condos/Townhomes: 73 (▼73%*)

Average Sales Price Duplex/Single Family: $1,846,688 (▲44%*)
Average Sales Price Per Square Foot Duplex/Single Family: $519 (▲19%*)
Range of Price Per Square Foot Duplex/Single Family: $367 - $739 PSF
Average Days on Market Duplex/Single Family: 109 (▼63%*)

Active Properties on Market at the Beginning of the Timeframe: 51
Active Properties on Market at the End of the Timeframe: 34
*Compared to the same time period in 2012

East Vail saw an impressive jump in total dollar volume of sales over 40% in the fourth quarter compared to the same time period last year.  Properties were moving quickly with average days on market down by 60% or more across all property types and inventory levels decreasing through the quarter. We also saw an increase in the sale of higher-end properties with 7 of the 8 single-family home sales coming in over $1.5M. Rapid absorption, combined with decreasing inventory has created a dynamic scenario in the East Vail market. Buyers and sellers with interest in the East Vail market community should stay in close contact with their brokers as we expect this trend to continue.
See all active East Vail Properties »


Town of Vail Real Estate (East Vail to West Vail) - Q4 2013
Data Timeframe: 10/1/2013 – 12/31/2013

Total Properties Sold: 81 (▼9%*)
- Condos/Townhomes Sold: 61 (▼8%*)
- Duplex/Single Family Homes Sold: 20 (▼13%*)
Total Dollar Volume of Sales: $130,074,903 (▲3%*)

Average Sales Price Condos/Townhomes: $1,280,977 (▲5%*)
Average Sales Price Per Square Foot Condos/Townhomes: $767 (▲8%*)
Range of Price Per Square Foot Condos/Townhomes: $270 - $2,786 PSF
Average Days on Market Condos/Townhomes: 216 (▼23%*)

Average Sales Price Duplex/Single Family: $2,596,765 (▲30%*)
Average Sales Price Per Square Foot Duplex/Single Family: $664 (▲10%*)
Range of Price Per Square Foot Duplex/Single Family: $292 - $1,782 PSF
Average Days on Market Duplex/Single Family: 196 (▼18%*)

Active Properties on Market at the Beginning of the Timeframe: 297
Active Properties on Market at the End of the Timeframe: 291
*Compared to the same time period in 2012

Town of Vail sales in the fourth quarter were highlighted by 8 sales over $5M, most of which were high-end condo properties in the core base areas of Vail Village and Lionshead. Total dollar volume of sales was up slightly despite fewer sales compared to the same period last year. We are seeing clients step up and move quickly for desirable properties in preferred locations throughout the Town of Vail, and expect this trend to continue moving into 2014.
See all active Vail Properties »


Vail Village Real Estate - Q4 2013
Data Timeframe: 10/1/2013 – 12/31/2013

Total Properties Sold: 10 (▼33%*)
- Condos/Townhomes Sold: 9 (▼31%*)
- Duplex/Single Family Homes Sold: 1 (▼50%*)
Total Dollar Volume of Sales: $41,975,000 (▼5%*)

Average Sales Price Condos/Townhomes: $3,891,667 (▲54%*)
Average Sales Price Per Square Foot Condos/Townhomes: $1,947 (▲48%*)
Range of Price Per Square Foot Condos/Townhomes: $649 - $2,786 PSF
Average Days on Market Condos/Townhomes: 208 (▼1%*)

Average Sales Price Duplex/Single Family: $6,950,000 (▲22%*)
Average Price Per Square Foot Duplex/Single Family: $1,581 (▲30%*)
Range of Price Per Square Foot Duplex/Single Family: $1,581 PSF
Average Days on Market Duplex/Single Family: 1,030 (▲86%*)

Active Properties on Market at the Beginning of the Timeframe: 100
Active Properties on Market at the End of the Timeframe: 110
*Compared to the same time period in 2012

Sales volume in Vail Village was down slightly compared to the same time period last year, with only 1 duplex sale taking place in the fourth quarter. The quarter was heightened by 5 condo sales over $5M, which pushed the average sale price up more that 50% compared to the prior year. New properties are coming on the market, with inventory levels increasing towards the end of the quarter. We anticipate sales volume will increase during the first quarter of 2014 as the market seems to be stabilizing and buyers seem more willing to pay a premium for properties located within the best areas of Vail.
See all active Vail Village Properties »


Lionshead Village Real Estate - Q4 2013
Data Timeframe: 10/1/2013 – 12/31/2013

Total Properties Sold: 16 (▲23%*)
- Condos/Townhomes Sold: 15 (▲25%*)
- Duplex/Single Family Homes Sold: 1 (No change*)
Total Dollar Volume of Sales: $31,764,000 (▼3%*)

Average Sales Price Condos/Townhomes: $1,607,600 (▼33%*)
Average Sales Price Per Square Foot Condos/Townhomes: $968 (▼21%*)
Range of Price Per Square Foot Condos/Townhomes: $610 - $1,579 PSF
Average Days on Market Condos/Townhomes: 500 (▼9%*)

Average Sales Price Duplex/Single Family: $7,650,000 (▲88%*)
Average Price Per Square Foot Duplex/Single Family: $1,782 (▼12%*)
Range of Price Per Square Foot Duplex/Single Family: $1,782
Average Days on Market Duplex/Single Family: 120 (▲193%*)

Active Properties on Market at the Beginning of the Timeframe: 63
Active Properties on Market at the End of the Timeframe: 64
*Compared to the same time period in 2012

While a handful of high-end sales at newer construction properties accounted for approximately 77% of the total dollar volume in the fourth quarter, 11 of the 16 condo sales during the quarter in Lionshead occurred at older buildings. We are pleased to see renewed interest in the Lionshead base area as multiple new residential developments and new activities like Vail Resorts Epic Discovery have added significantly to the overall feel and vibrancy of the Lionshead base area. Ascent Sotheby's International Realty is proud to be the exclusive listing agency for Vail Resorts Development Company's newest luxury property, The Ritz-Carlton Residences, Vail. With 53 luxury condominiums sold and only 18 residences remaining, we are pleased to be a part of one of the best development sales success stories in the Vail Valley.
See all active Lionshead Village Properties »


West Vail & Highland Meadows - Q4 2013
Data Timeframe: 10/1/2013 – 12/31/2013

Total Properties Sold: 15 (▼6%*)
- Condos/Townhomes Sold: 8 (▼11%*)
- Duplex/Single Family Homes Sold: 7 (No change*)
Total Dollar Volume of Sales: $15,696,500 (▲39%*)

Average Sales Price Condos/Townhomes: $466,438 (▲23%*)
Average Sales Price Per Square Foot Condos/Townhomes: $327 (▲2%*)
Range of Price Per Square Foot Condos/Townhomes: $270 - $484 PSF
Average Days on Market Condos/Townhomes: 116 (▲33%*)

Average Sales Price Duplex/Single Family: $1,709,286 (▲52%*)
Average Sales Price Per Square Foot Duplex/Single Family: $549 (▲52%*)
Range of Price Per Square Foot Duplex/Single Family: $400 - $743 PSF
Average Days on Market Duplex/Single Family: 121 (▼30%*)

Active Properties on Market at the Beginning of the Timeframe: 24
Active Properties on Market at the End of the Timeframe: 25
*Compared to the same time period in 2012

The communities of West Vail and Highland Meadows saw an impressive increase in total dollar volume with totals up nearly 40% despite fewer sales compared to the same time period last year. Low inventory levels are placing upward pressure on pricing which is evidenced by higher average sales prices across all property types. With the country's largest free transportation systems located right here in Vail, communities such a West Vail and East Vail remain highly appealing to buyers for their easy access to the ski area, shops and dining in the base Villages.
See all active West Vail Properties »


Minturn - Q4 2013
Data Timeframe: 10/1/2013 – 12/31/2013

Total Properties Sold: 4 (▲100%*)
- Condos/Townhomes Sold: 2 (▲200%*)
- Duplex/Single Family Homes Sold: 2 (No change*)
Total Dollar Volume of Sales: $2,475,300 (▲151%*)

Average Sales Price Condos/Townhomes: $455,150 (No sales in Q4 2012)
Average Sales Price Per Square Foot Condos/Townhomes: $253 (No sales in Q4 2012)
Range of Price Per Square Foot Condos/Townhomes: $249 - $257

Average Days on Market Condos/Townhomes: 106 (No sales in Q4 2012)

Average Sales Price Duplex/Single Family: $782,500 (▲59%*)
Average Sales Price Per Square Foot Duplex/Single Family: $395 (▲48%*)

Range of Price Per Square Foot Duplex/Single Family: $343 - $447

Average Days on Market Duplex/Single Family: 198 (▼21%*)

Active Properties on Market at the Beginning of the Timeframe: 18
Active Properties on Market at the End of the Timeframe: 16
*Compared to the same time period in 2012

Fourth quarter activity was highlighted by two sales at the Minturn townhomes as well as a single-family home sale in the Minturn Racquet and Trout Club. A small decrease in inventory and strong prices per square foot, combined with reduced days on market for active listings, indicate increased interest in properties within this bustling alpine community, located just minutes from Vail and accessible by skis via the famous "Minturn Mile" ski trail through the for-sale Game Creek Estate.
See all active Minturn Properties »


Eagle-Vail - Q4 2013
Data Timeframe: 10/1/2013 – 12/31/2013

Total Properties Sold: 21 (▼19%*)
- Condos/Townhomes Sold: 12 (▲9%*) 
- Duplex/Single Family Homes Sold: 9 (▼40%*)
Total Dollar Volume of Sales: $9,974,250 (▼17%*)

Average Sales Price Condos/Townhomes: $403,146 (▲44%*)
Average Sales Price Per Square Foot Condos/Townhomes: $234 (▲16%*)

Range of Price Per Square Foot Condos/Townhomes: $167 - $197 PSF

Average Days on Market Condos/Townhomes: 270 (▲105%*)

Average Sales Price Duplex/Single Family: $570,722 (▼4%*)
Average Price Per Square Foot Duplex/Single Family: $251 (▲8%*)
Range of Price Per Square Foot Duplex/Single Family: $208 - $287 PSF

Average Days on Market Duplex/Single Family: 107 (▼37%*)

Active Properties on Market at the Beginning of the Timeframe: 35
Active Properties on Market at the End of the Timeframe: 13
*Compared to the same time period in 2012

Eagle-Vail saw a slight decline in sales volume year over year, with total dollar volume down 17% compared to the same period last year. The condo and townhome sales were predominantly higher priced homes versus the prior year. Excluding one condo sale, which had an above average number of days on market, the average days on market for condos and townhomes was actually down compared to the prior year. Inventory dropped significantly throughout the quarter, which has placed some upward pressure on pricing.
See all active Eagle-Vail Properties »


Avon - Q4 2013
Data Timeframe: 10/1/2013 – 12/31/2013

Total Properties Sold: 19 (▼32%*)
- Condos/Townhomes Sold: 19 (▼32%*)
- Duplex/Single Family Homes Sold: 0 (No change*)
Total Dollar Volume of Sales: $5,815,852 (▼27%*)

Average Sales Price Condos/Townhomes: $306,097 (▲8%*)
Average Sales Price Per Square Foot Condos/Townhomes: $295 (No change*)
Range of Price Per Square Foot Condos/Townhomes: $170 - $711 PSF

Average Days on Market Condos/Townhomes: 83 (▼39%*)

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: 67
*Compared to the same time period in 2012

Sales volume in Avon slowed somewhat in the fourth quarter, as inventory remained constant. Avon is a relatively seasonal market with many local residents buying and selling during the summer months. The second home market was quiet with the majority of sales coming from entry-level condo and townhome properties with 15 of the 19 sales being under $400,000. These properties sold quickly as days on market were down nearly 40%.
See all active Avon Properties »


Wildwood/Wildridge - Q4 2013
Data Timeframe: 10/1/2013 – 12/31/2013

Total Properties Sold: 6 (▼33%*)
- Condos/Townhomes Sold: 4 (▲100%*)
- Duplex/Single Family Homes Sold: 2 (▼71%*)
Total Dollar Volume of Sales: $2,806,000 (▼39%*)

Average Sales Price Condos/Townhomes: $385,250 (▲32%*)
Average Sales Price Per Square Foot Condos/Townhomes: $223 (▲29%*)
Range of Price Per Square Foot Condos/Townhomes: $207 - $234 PSF

Average Days on Market Condos/Townhomes: 61 (▼67%*)

Average Sales Price Duplex/Single Family: $632,500 (▲11%*)
Average Price Per Square Foot Duplex/Single Family: $255 (▲29%*)
Range of Price Per Square Foot Duplex/Single Family: $249 - $261 PSF

Average Days on Market Duplex/Single Family: 99 (▼54%*)

Active Properties on Market at the Beginning of the Timeframe: 27
Active Properties on Market at the End of the Timeframe: 27
*Compared to the same time period in 2012

The communities of Wildridge and Wildwood saw a decrease in total unit sales relative to the same time period last year, while those homes that did sell sold faster and at higher average prices than the prior year. Inventory levels remain relatively low, which may place some upward pressure on pricing for properties located within this desirable community known for its spectacular views of Beaver Creek and the surrounding mountains.
See all active Wildwood/Wildridge Properties »


Beaver Creek - Q4 2013
Data Timeframe: 10/1/2013 – 12/31/2013

Total Properties Sold: 22 (▲10%*)
- Condos/Townhomes Sold: 18 (▲13%*) 
- Duplex/Single Family Homes Sold: 4 (No change*)
Total Dollar Volume of Sales: $29,662,500 (▼42%*)

Average Sales Price Condos/Townhomes: $1,062,361 (▼45%*)
Average Sales Price Per Square Foot Condos/Townhomes: $648 (▼12%*)
Range of Price Per Square Foot Condos/Townhomes: $346 - $906 PSF
Average Days on Market Condos/Townhomes: 361 (▼8%*)

Average Sales Price Duplex/Single Family: $2,635,000 (▼49%*)
Average Price Per Square Foot Duplex/Single Family: $633 (▼7%*)
Range of Price Per Square Foot Duplex/Single Family: $452 - $876 PSF
Average Days on Market Duplex/Single Family: 201 (▲8%*)

Active Properties on Market at the Beginning of the Timeframe: 113
Active Properties on Market at the End of the Timeframe: 118
*Compared to the same time period in 2012

Beaver Creek saw a drop in total dollar volume of sales as several smaller and lower priced condos and townhomes were sold in the fourth quarter. This accounts for the drop in not only total dollar volume but also average sale price. The single family and duplex sales were also predominantly smaller properties with three of the four sales being 3-bedroom residences.
See all active Beaver Creek Properties »


Bachelor Gulch - Q4 2013
Data Timeframe: 10/1/2013 – 12/31/2013

Total Properties Sold: 7 (▼13%*)
- Condos/Townhomes Sold: 3 (▼40%*
- Duplex/Single Family Homes Sold: 4 (▲33%*)
Total Dollar Volume of Sales: $38,576,800 (▲28%*)

Average Sales Price Condos/Townhomes: $1,842,267 (▲23%*)
Average Sales Price Per Square Foot Condos/Townhomes: $694 (▼6%*)
Range of Price Per Square Foot Condos/Townhomes: $581 - $817 PSF
Average Days on Market Condos/Townhomes: 525 (▲113%*)

Average Sales Price Duplex/Single Family: $8,262,500 (▲9%*)
Average Price Per Square Foot Duplex/Single Family: $950 (▲10%*)
Range of Price Per Square Foot Duplex/Single Family: $786 - $1,201 PSF
Average Days on Market Duplex/Single Family: 321 (▼26%*)

Active Properties on Market at the Beginning of the Timeframe: 40
Active Properties on Market at the End of the Timeframe: 46
*Compared to the same time period in 2012

As predicted in our third quarter 2013 market report, Bachelor Gulch saw a jump in total dollar volume of sales of nearly 30% in the fourth quarter. This jump is primarily attributed to the sales of four single-family homes, two of which sold at or above the $10M mark. We saw a slight increase in available inventory as sellers brought their homes on the market for the winter selling season. A notable item in Bachelor Gulch was the transition to Timbers Resorts, who now manages the Club-side of the famous Ritz-Carlton Bachelor Gulch property.
See all active Bachelor Gulch Properties »


Arrowhead - Q4 2013
Data Timeframe: 10/1/2013 – 12/31/2013

Total Properties Sold: 13 (▼13%*)
- Condos/Townhomes Sold: 4 (▼33%*) 
- Duplex/Single Family Homes Sold: 9 (No change*)
Total Dollar Volume of Sales: $22,294,714 (▲10%*)

Average Sales Price Condos/Townhomes: $856,875 (▲13%*)
Average Sales Price Per Square Foot Condos/Townhomes: $494 (▲13%*)
Range of Price Per Square Foot Condos/Townhomes: $445 - $554 PSF
Average Days on Market Condos/Townhomes: 227 (▼13%*)

Average Sales Price Duplex/Single Family: $2,096,357 (▲20%*)
Average Price Per Square Foot Duplex/Single Family: $436 (▲4%*)
Range of Price Per Square Foot Duplex/Single Family: $344 - $576 PSF
Average Days on Market Duplex/Single Family: 148 (▼52%*)

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

Total sales volume was relatively consistent year over year in the fourth quarter. Arrowhead is finally seeing some slight upward pressure on pricing as inventory levels decreased through the quarter.
See all active Arrowhead Properties »


Edwards/Scottsville - Q4 2013
Data Timeframe: 10/1/2013 – 12/31/2013

Total Properties Sold: 15 (▼12%*)
- Condos/Townhomes Sold: 13 (▲18%*
- Duplex/Single Family Homes Sold: 2 (▼67%*)
Total Dollar Volume of Sales: $6,256,900 (▼13%*)

Average Sales Price Condos/Townhomes: $310,915 (▲14%*)
Average Sales Price Per Square Foot Condos/Townhomes: $267 (▲9%*)
Range of Price Per Square Foot Condos/Townhomes: $213 - $342 PSF
Average Days on Market Condos/Townhomes: 437 (▲147%*)

Average Sales Price Duplex/Single Family: $1,107,500 (▲59%*)
Average Price Per Square Foot Duplex/Single Family: $337 (▲36%*)
Range of Price Per Square Foot Duplex/Single Family: $281 - $393 PSF
Average Days on Market Duplex/Single Family: 48 (▼65%*)

Active Properties on Market at the Beginning of the Timeframe: 26
Active Properties on Market at the End of the Timeframe: 21
*Compared to the same time period in 2012

Edwards/Scottsville saw a slight decline in total dollar volume of sales in the fourth quarter relative to the prior year. This drop was predominantly due to a decrease in single-family home sales, which are typically more active in the second and third quarters. The majority of sales came from entry-level condos and townhomes, with 11 of the 13 sales under $400,000.
See all active Edwards/Scottsville Properties »


Singletree - Q4 2013
Data Timeframe: 10/1/2013 – 12/31/2013

Total Properties Sold: 16 (▲33%*)
- Condos/Townhomes Sold: 5 (▲150%*)
- Duplex/Single Family Homes Sold: 11 (▲10%*)
Total Dollar Volume of Sales: $11,488,000 (▲73%*)

Average Sales Price Condos/Townhomes: $532,500 (▲4%*)
Average Sales Price Per Square Foot Condos/Townhomes: $249 (▼2%*)
Range of Price Per Square Foot Condos/Townhomes: $206 - $311
Average Days on Market Condos/Townhomes: 136 (▲43%*)

Average Sales Price Duplex/Single Family: $802,318 (▲43%*)
Average Sales Price Per Square Foot Duplex/Single Family: $248 (▲22%*)
Range of Price Per Square Foot Duplex/Single Family: $180 - $303 PSF
Average Days on Market Duplex/Single Family: 112 (▼50%*)

Active Properties on Market at the Beginning of the Timeframe: 41
Active Properties on Market at the End of the Timeframe: 23
*Compared to the same time period in 2012

Singletree saw an impressive increase in total dollar volume during the fourth quarter with sales up better than 70% compared to the prior year, with only 4 additional sales. Properties sold at close to list price with 50% of the sales falling within 5% of list and 87% falling within 10% of their list price. Inventory dropped rather significantly during the quarter from 41 active homes to just 23 active homes on the market. This decrease in active inventory may place some upward pressure on pricing for the coming quarter.
See all active Singletree Properties »


Homestead - Q4 2013
Data Timeframe: 10/1/2013 – 12/31/2013

Total Properties Sold: 11 (▲10%*)
- Condos/Townhomes Sold: 5 (No change*) 
- Duplex/Single Family Homes Sold: 6 (▲20%*)
Total Dollar Volume of Sales: $7,504,900 (▲59%*)

Average Sales Price Condos/Townhomes: $329,700 (▼5%*)
Average Sales Price Per Square Foot Condos/Townhomes: $238 (▲17%*)
Range of Price Per Square Foot Condos/Townhomes: $176 - $284 PSF
Average Days on Market Condos/Townhomes: 56 (▲33%*)

Average Sales Price Duplex/Single Family: $976,067 (▲63%*)
Average Price Per Square Foot Duplex/Single Family: $225 (▲13%*)
Range of Price Per Square Foot Duplex/Single Family: $170 - $280 PSF
Average Days on Market Duplex/Single Family: 63 (▼26%*)

Active Properties on Market at the Beginning of the Timeframe: 20
Active Properties on Market at the End of the Timeframe: 10
*Compared to the same time period in 2012

Homestead saw a sharp increase in total dollar volume of sales despite only one additional sale compared to the prior year. The substantial increase in dollar volume is primarily attributed to the sales of two single family homes in upper Homestead. Inventory decreased substantially during the quarter, which we anticipate will place some upward pressure on pricing moving into the first quarter of 2014.
See all active Homestead Properties »


Lake Creek Valley - Q4 2013
Data Timeframe: 10/1/2013 – 12/31/2013

Total Properties Sold: 2 (▼33%*)
- Condos/Townhomes Sold: 0 (No change*) 
- Duplex/Single Family Homes Sold: 2 (▼33%*)
Total Dollar Volume of Sales: $2,409,000 (▼72%*)

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: $1,204,500 (▼58%*)
Average Price Per Square Foot Duplex/Single Family: $388 (▼40%*)
Range of Price Per Square Foot Duplex/Single Family: $381 - $395 PSF
Average Days on Market Duplex/Single Family: 1,316 (▲412%*)

Active Properties on Market at the Beginning of the Timeframe: 22
Active Properties on Market at the End of the Timeframe: 18
*Compared to the same time period in 2012

The Lake Creek community saw a quiet quarter with only two single-family home sales. One of the two single-family home sales is a potential redevelopment opportunity that sold for a significantly below-average price. This accounts for the total dollar volume of sales and average sale prices being below the totals from the previous year. Great opportunities still exist for buyers and sellers in this community known for its rural feel, located just minutes from Edwards.
See all active Lake Creek Valley Properties »


Cordillera/Squaw Creek - Q4 2013
Data Timeframe: 10/1/2013 – 12/31/2013

Total Properties Sold: 11 (▲45%*)
- Condos/Townhomes Sold: 0 (No change*)
- Duplex/Single Family Homes Sold: 11 (▲45%*)
Total Dollar Volume of Sales: $20,656,000 (▲58%*)

Average Sales Price Condos/Townhomes: (No sales in Q4 2012 and 2013)
Average Sales Price Per Square Foot Condos/Townhomes: (No sales in Q4 2012 and 2013)
Range of Price Per Square Foot Condos/Townhomes: (No sales in Q4 2012 and 2013)
Average Days on Market Condos/Townhomes: (No sales in Q4 2012 and 2013)

Average Sales Price Duplex/Single Family: $1,877,818 (▲23%*)
Average Sales Price Per Square Foot Duplex/Single Family: $335 (▲20%*)
Range of Price Per Square Foot Duplex/Single Family: $229 - $477 PSF
Average Days on Market Duplex/Single Family: 248 (▲58%*)

Active Properties on Market at the Beginning of the Timeframe: 68
Active Properties on Market at the End of the Timeframe: 53
*Compared to the same time period in 2012

Cordillera has seen a significant increase in sales volume as demand has continued to be strong for a third-straight quarter. The fourth quarter saw movement from several higher-end properties with 9 of the 11 sales coming in over $1M. Stability in the management group seems to have brought increased consumer confidence to the Cordillera community, which has led to increased sales.
See all active Cordillera/Squaw Creek Properties »


Cordillera Valley Club - Q4 2013
Data Timeframe: 10/1/2013 – 12/31/2013

Total Properties Sold: 1 (▲100%*)
- Condos/Townhomes Sold: 0 (N/A) 
- Duplex/Single Family Homes Sold: 1 (▲100%*)
Total Dollar Volume of Sales: $2,000,000

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: $2,000,000 
Average Price Per Square Foot Duplex/Single Family: $425
Range of Price Per Square Foot Duplex/Single Family: $425 PSF
Average Days on Market Duplex/Single Family: 23

Active Properties on Market at the Beginning of the Timeframe: 11
Active Properties on Market at the End of the Timeframe: 5
*Compared to the same time period in 2012

Cordillera Valley Club saw a slight increase in fourth quarter sales over last year, due to the sale of one single-family residence during this time period. Proximity to Edwards, quick and easy access to I-70 and the Fazio Golf Course have always been big selling points for the Cordillera Valley Club, which typically has a stronger summer-selling season.
See all active Cordillera Valley Club Properties »


Eagle - Q4 2013

Data Timeframe: 10/1/2013 – 12/31/2013

Total Properties Sold: 11 (▼67%*)
- Condos/Townhomes Sold: 2 (No change*
- Duplex/Single Family Homes Sold: 9 (▼71%*)
Total Dollar Volume of Sales: $4,225,750 (▼67%*)

Average Sales Price Condos/Townhomes: $252,500 (▲42%*)
Average Sales Price Per Square Foot Condos/Townhomes: $168 (▼11%*)
Range of Price Per Square Foot Condos/Townhomes: $157 - $178 PSF
Average Days on Market Condos/Townhomes: 55 (▲102%*)

Average Sales Price Duplex/Single Family: $413,417 (▲2%*)
Average Price Per Square Foot Duplex/Single Family: $182 (▲12%*)
Range of Price Per Square Foot Duplex/Single Family: $146 - $233 PSF
Average Days on Market Duplex/Single Family: 39 (▼51%*)

Active Properties on Market at the Beginning of the Timeframe: 30
Active Properties on Market at the End of the Timeframe: 25
*Compared to the same time period in 2012

The community of Eagle saw a dramatic decrease in total sales volume year-over-year for the fourth quarter. We have seen inventory levels continue to decline as many of the distressed sale properties have been absorbed over the past couple of years. Historically, the Eagle market sees strong activity in quarters 2 and 3 during the spring and summer months.
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Eagle Ranch - Q4 2013
Data Timeframe: 10/1/2013 – 12/31/2013

Total Properties Sold: 19 (No change*)
- Condos/Townhomes Sold: 2 (No change*) 
- Duplex/Single Family Homes Sold: 17 (No change*)
Total Dollar Volume of Sales: $10,411,500 (▼1%*)

Average Sales Price Condos/Townhomes: $240,750 (▲27%*)
Average Sales Price Per Square Foot Condos/Townhomes: $180 (▲13%*)
Range of Price Per Square Foot Condos/Townhomes: $173 - $186 PSF
Average Days on Market Condos/Townhomes: 28 (▼80%*)

Average Sales Price Duplex/Single Family: $584,118 (▼2%*)
Average Price Per Square Foot Duplex/Single Family: $165 (▲7%*)
Range of Price Per Square Foot Duplex/Single Family: $109 - $229 PSF
Average Days on Market Duplex/Single Family: 128 (▼16%*)

Active Properties on Market at the Beginning of the Timeframe: 33
Active Properties on Market at the End of the Timeframe: 35
*Compared to the same time period in 2012

Eagle Ranch saw sales continue at a relatively consistent pace with 19 sales in the quarter. Ten of the 17 single-family and duplex home sales were over $500,000, with one sale coming in over $1M. We saw a decrease in days-on-market for all property types as Eagle Ranch seems to be garnering some increased attention amongst primary- and second-home buyers attracted to this quiet community featuring an Arnold Palmer-designed golf course and a vibrant main street shopping center.
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Gypsum - Q4 2013
Data Timeframe: 10/1/2013 – 12/31/2013

Total Properties Sold: 16 (▼45%*)
- Condos/Townhomes Sold: 2 (▼71%*)
- Duplex/Single Family Homes Sold: 14 (▼36%*)
Total Dollar Volume of Sales: $4,069,725 (▼27%*)

Average Sales Price Condos/Townhomes: $129,240 (▲16%*)
Average Sales Price Per Square Foot Condos/Townhomes: $109 (▲33%*)
Range of Price Per Square Foot Condos/Townhomes: $80 - $137 PSF
Average Days on Market Condos/Townhomes: 50 (▲11%*)

Average Sales Price Duplex/Single Family: $272,232 (▲25%*)
Average Sales Price Per Square Foot Duplex/Single Family: $134 (▲14%*)
Range of Price Per Square Foot Duplex/Single Family: $86 - $191 PSF
Average Days on Market Duplex/Single Family: 29 (▼54%*)

Active Properties on Market at the Beginning of the Timeframe: 5
Active Properties on Market at the End of the Timeframe: 12
*Compared to the same time period in 2012

The community of Gypsum saw a decline in sales and dollar volume in the fourth quarter. Sales that did occur were predominantly entry-level homes with 11 of the 16 sales under $300,000.  This community sees the majority of its transactions in the spring and summer months.
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Significant Sales

Arrabelle at Vail Square, #529

Arrabelle at Vail Square, #529

Lionshead, CO
Closing price: $7,000,000
Date sold: October 22, 2013

  395 Forest Road Vail

395 Forest Road

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

  The Willows, #205

The Willows, #205

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

Featured Listings

65 Elk Track Court Beaver Creek CO

65 Elk Track Court

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The Ritz-Carlton Residences, #624

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  1772 Alpine Drive West Vail

1772 Alpine Drive

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6 bedrooms | 4 baths | 2 partial
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