Post on 23-Mar-2016
description
tHe sliFeR RePoRtvail valley real eState2011 annual market review
vailrealeState .com
table of contentS
Introduction ...........................................................3
Eagle County Overview ......................................4-5
Vail Village & Lionshead .........................................6
Vail Golf Course, Spraddle Creek
& Cascade Village ..................................................7
Vail - All Other Areas .............................................8
EagleVail .................................................................9
Avon & Wildridge ................................................ 10
Mountain Star ...................................................... 11
Singletree ............................................................. 12
Beaver Creek Village ............................................ 13
Bachelor Gulch Village ......................................... 14
Arrowhead Village ............................................... 15
Edwards, Homestead
& Lake Creek Valley .............................................16
Cordillera, Cordillera Valley Club
& Timber Springs .................................................17
Wolcott, Bellyache Ridge
& Red Sky Ranch ..................................................18
Eagle & Eagle Ranch ............................................19
Gypsum, Cotton Ranch
& Buckhorn Valley ................................................20
Homesite Sales................................................21-22
SSF Information & Offi ce Listings ...................23-24
2011 Slifer report 3
Has tHe real estate market Hit tHe bottom in tHe Vail Valley? That is the question
I get asked the most these days and it is the hardest to answer. Prices have certainly come down significantly from the
peak in 2007 but timing the bottom in any market, not just real estate, is nearly impossible. By the time the bottom
has been reached, prices have already started to increase and savvy buyers have plucked the prime properties and
best values from the inventory.
In 2011, there were 1,357 total transactions in Eagle County which was 9% above 2010. That number of deals is 45%
above 2009. Sales volume for 2011 ended at $1,158,048,856 which was down 23% from 2010 but was an increase of
29% over 2009.*
The overall average sales price in 2011 was $857,858. As you can see in the following graphs, Eagle County is at 2006
average price levels. The average sales price decreased as bank sales rose. Gypsum had the most bank-owned sales
with 95 while Eagle had 73. In contrast, there were 11 in Vail and 2 in Beaver Creek.
According to numbers compiled by Land Title Guarantee Company, after taking the appreciation and depreciation
since 1987 there has been an overall average appreciation of 7.71% each year.
The high-end market saw 40 residential sales over $4 million per the Vail MLS for a total of $266,859,750. The highest
sale of 2011 was a Slifer Smith & Frampton listing in Vail that sold for $12.5 million. There was one residential homesite
sale over $4 million in Eagle County which sold in Vail for $6.825 million and was also a Slifer Smith & Frampton listing.
There are a number of factors that we are watching in 2012 that we believe will benefit the Vail Valley. Mortgage
rates are at the lowest levels and availability of credit still continues to loosen. Inventory levels reached a 4 year low
in January 2012 at 1,441 including residential and land and remains stable. Our local economy continues to improve
compared to other resort markets.
Optimistic. That is the word I would like to end with. Last year we said we were cautiously optimistic and this year I am
removing the word cautiously. We expect that the real estate market in 2012 will outperform last year.
This year also marks the 50th year anniversary of Slifer Smith & Frampton. The Vail Valley has changed dramatically
since 1962, so has real estate. Each market has brought new challenges but also opportunities. As we reflect on the
past five decades in business we are excited about the road ahead.
With Warm Regards,
Jim Flaum
President and Managing Broker
Slifer Smith & Frampton Real Estate
*Eagle County numbers compiled by Land Title Guarantee Company
Source of all data contained in this report is the Vail Board of Realtors, Multiple Listing Service. Information is deemed reliable but not guaranteed. Consult your Slifer Smith & Frampton Broker for more information. ©2012 Slifer Smith & Frampton Real Estate
2011 Slifer report4
0
1,000
2,000
3,000
4,000
5,000
NU
MB
ER
OF
TR
AN
SA
CT
ION
S
2002 2003 2004 2005 2006 2007 2008 2009 2010 2011
2,3342,597
3,293
4,023
3,115
2,688
1,606
9381,250 1,357
$0.0
$0.5
$1.0
$1.5
$2.0
$2.5
$3.0
BIL
LIO
NS
2002 2003 2004 2005 2006 2007 2008 2009 2010
$1.471$1.499
$2.225
$2.800 $2.754
$2.960
$2.235
$0.898
$1.497
2011
$1.158
eagle count y overview
tr anSac tion volume compariSon
SaleS volume compariSon
Source of all data contained in this report is the Vail Board of Realtors, Multiple Listing Service. Information is deemed reliable but not guaranteed. Consult your Slifer Smith & Frampton Broker for more information. ©2012 Slifer Smith & Frampton Real Estate
2011 Slifer report 5
$0
$300,000
$600,000
$900,000
$1,200,000
$1,500,000
SA
LE
S P
RIC
E
$130
,000
1991
1992
1993
1994
1995
1996
1997
1998
1999
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
$250
,593
$638
,056
$566
,615
$696
,060
$1,3
91,6
06
$1,1
07,6
60
$1,1
97,7
38
$857
,858
500
700
900
1,100
1,300
1,500
1,700
1,900
2,100
2,300
2,500
NU
MB
ER
OF
RE
SID
EN
TIA
L&
LA
ND
PR
OP
ER
TIE
S L
IST
ED
1,67
4
938
1,45
6
1,50
5
1,97
4
1,46
4
2010
2011
2001
2002
2003
2004
2005
2006
2007
2009
2008
eagle count y overview
aver age SaleS price
ac tive l iSt ing inventory
Source of all data contained in this report is the Vail Board of Realtors, Multiple Listing Service. Information is deemed reliable but not guaranteed. Consult your Slifer Smith & Frampton Broker for more information. ©2012 Slifer Smith & Frampton Real Estate
2011 Slifer report6
vail village & lionShead
SaleS volume no. of SaleSaverage dayS
on marketaverage Sale median Sale
2007 $125,617,500 18 593 $6,978,750 $6,500,000
2008* $185,425,000 16 250 $11,589,063 $12,300,000
2009** $24,250,000 3 231 $8,083,333 $5,450,000
2010 $16,887,000 3 548 $5,629,000 $5,400,000
2011 $42,650,000 5 266 $8,530,000 $7,500,000
Single-family/duplex
SaleS volume no. of SaleSaverage dayS
on marketaverage Sale median Sale
2007 $88,814,050 39 177 $2,277,283 $1,565,000
2008* $468,767,448 132 710 $3,551,269 $2,895,000
2009 $70,967,000 35 357 $2,027,629 $1,300,000
2010** $339,371,812 108 499 $3,142,332 $2,450,000
2011† $187,149,130 67 307 $2,793,271 $2,301,605
condominium / townhome
Single-family/duplex condominium/townhome
2007 2008 2009 2010 2011 2007 2008 2009 2010 2011
average $1,387 $2,189 $1,943 $1,324 $1,907 average $1,630 $1,388 $1,234 $1,468 $1,338
price per Square foot compariSon
Single-family/duplex condominium/townhome
average of Sale price/laSt liSted price 84.63% average of Sale price/laSt liSted price 88.27%
Sale pr ice vS l iSt pr ice compariSon
*Includes 12 duplex sales from The Chalets at the Lodge At Vail in 2008. **There were three duplexes and no single-family sales in 2009.
*Includes 80 Condominium Sales from The Arrabelle at Vail Square in 2008. **Includes 18 condomimium sales at Solaris at Vail in 2010 for $124,821,736.Includes 15 condominium sales at The Ritz Carlton, Vail in 2010 for $44,177,216. †Includes 16 condominium sales at The Ritz-Carlton, Vail for $52,690,000.
Source of all data contained in this report is the Vail Board of Realtors, Multiple Listing Service. Information is deemed reliable but not guaranteed. Consult your Slifer Smith & Frampton Broker for more information. ©2012 Slifer Smith & Frampton Real Estate
2011 Slifer report 7
vail golf courSe, Spraddle creek & caScade village
SaleS volume no. of SaleSaverage dayS
on marketaverage Sale median Sale
2007 $32,007,500 10 393 $3,200,750 $2,800,000
2008 $18,199,000 4 196 $4,549,750 $3,824,500
2009* $5,520,000 3 175 $1,840,000 $2,000,000
2010 $18,750,000 5 228 $3,750,000 $4,050,000
2011* $15,000,000 3 219 $5,000,000 $3,200,000
Single-family/duplex
SaleS volume no. of SaleSaverage dayS
on marketaverage Sale median Sale
2007 $44,541,540 25 291 $1,781,662 $1,845,000
2008 $10,544,000 7 172 $1,506,286 $1,549,000
2009 $8,230,000 5 159 $1,646,000 $1,795,000
2010 $5,845,000 4 507 $1,461,250 $1,550,000
2011 $9,089,000 7 327 $1,298,429 $1,500,000
condominium / townhome
Single-family/duplex condominium/townhome
2007 2008 2009 2010 2011 2007 2008 2009 2010 2011
average $772 $1,163 $531 $669 $1,113 average $921 $867 $908 $832 $685
price per Square foot compariSon
Single-family/duplex condominium/townhome
average of Sale price/laSt liSted price 87.98% average of Sale price/laSt liSted price 90.32%
Sale pr ice vS l iSt pr ice compariSon
*There were three duplex and no single-family sales in 2009 and 2011.
Source of all data contained in this report is the Vail Board of Realtors, Multiple Listing Service. Information is deemed reliable but not guaranteed. Consult your Slifer Smith & Frampton Broker for more information. ©2012 Slifer Smith & Frampton Real Estate
2011 Slifer report8
vail - all other areaS
SaleS volume no. of SaleSaverage dayS
on marketaverage Sale median Sale
2007 $73,916,500 37 237 $1,997,743 $1,551,000
2008 $68,286,350 37 234 $1,830,104 $1,675,000
2009 $53,015,475 33 268 $1,606,530 $1,400,000
2010 $76,640,500 46 325 $1,666,098 $1,500,000
2011 $58,861,385 42 308 $1,401,462 $1,112,500
Single-family/duplex
SaleS volume no. of SaleSaverage dayS
on marketaverage Sale median Sale
2007 $56,569,329 100 135 $565,693 $550,000
2008 $37,085,500 70 169 $529,793 $529,750
2009 $20,823,900 44 198 $473,270 $423,750
2010 $35,112,000 71 337 $494,535 $430,000
2011 $35,852,885 81 222 $442,628 $380,000
condominium / townhome
Single-family/duplex condominium/townhome
2007 2008 2009 2010 2011 2007 2008 2009 2010 2011
average $602 $571 $454 $442 $404 average $507 $491 $409 $375 $357
price per Square foot compariSon
Single-family/duplex condominium/townhome
average of Sale price/laSt liSted price 86.52% average of Sale price/laSt liSted price 91.56%
Sale pr ice vS l iSt pr ice compariSon
Source of all data contained in this report is the Vail Board of Realtors, Multiple Listing Service. Information is deemed reliable but not guaranteed. Consult your Slifer Smith & Frampton Broker for more information. ©2012 Slifer Smith & Frampton Real Estate
2011 Slifer report 9
SaleS volume no. of SaleSaverage dayS
on marketaverage Sale median Sale
2007 $27,244,500 30 144 $908,150 $797,000
2008 $18,307,900 22 194 $832,177 $715,000
2009 $6,761,250 11 248 $614,659 $535,000
2010 $14,833,000 22 251 $674,227 $565,750
2011 $17,460,000 22 160 $793,636 $525,000
Single-family/duplex
SaleS volume no. of SaleSaverage dayS
on marketaverage Sale median Sale
2007 $20,358,600 42 147 $484,730 $448,000
2008 $8,820,500 21 194 $420,024 $400,000
2009 $5,970,250 15 146 $398,017 $380,000
2010 $7,317,074 21 200 $348,432 $307,000
2011 $7,216,770 25 151 $288,671 $299,000
condominium / townhome
Single-family/duplex condominium/townhome
2007 2008 2009 2010 2011 2007 2008 2009 2010 2011
average $335 $326 $283 $256 $221 average $325 $328 $261 $252 $214
price per Square foot compariSon
Single-family/duplex condominium/townhome
average of Sale price/laSt liSted price 89.53% average of Sale price/laSt liSted price 93.10%
Sale pr ice vS l iSt pr ice compariSon
eaglevail
Source of all data contained in this report is the Vail Board of Realtors, Multiple Listing Service. Information is deemed reliable but not guaranteed. Consult your Slifer Smith & Frampton Broker for more information. ©2012 Slifer Smith & Frampton Real Estate
2011 Slifer report10
avon & wildridge
SaleS volume no. of SaleSaverage dayS
on marketaverage Sale median Sale
2007 $36,753,555 35 216 $1,050,102 $970,000
2008 $14,358,870 11 229 $1,435,887 $1,500,000
2009 $10,853,616 11 306 $986,692 $900,000
2010 $8,998,250 13 283 $692,173 $675,000
2011 $7,381,700 11 131 $671,064 $515,000
Single-family/duplex
SaleS volume no. of SaleSaverage dayS
on marketaverage Sale median Sale
2007 $38,177,554 89 123 $444,269 $335,000
2008 $117,489,774 159 520 $738,929 $479,750
2009 $13,123,500 29 395 $452,534 $360,000
2010 $56,476,141 123 689 $459,156 $321,750
2011* $47,941,568 109 127 $439,831 $399,000
condominium / townhome
Single-family/duplex condominium/townhome
2007 2008 2009 2010 2011 2007 2008 2009 2010 2011
average $329 $354 $268 $229 $207 average $374 $859 $416 $397 $331
price per Square foot compariSon
Single-family/duplex condominium/townhome
average of Sale price/laSt liSted price 93.12% average of Sale price/laSt liSted price 96.24%
Sale pr ice vS l iSt pr ice compariSon
*Includes 41 sales at THE ASCENT for $25,709,000.
Source of all data contained in this report is the Vail Board of Realtors, Multiple Listing Service. Information is deemed reliable but not guaranteed. Consult your Slifer Smith & Frampton Broker for more information. ©2012 Slifer Smith & Frampton Real Estate
2011 Slifer report 11
SaleS volume no. of SaleSaverage dayS
on marketaverage Sale median Sale
2007 $12,075,000 3 474 $4,025,000 $4,000,000
2008 $3,750,000 1 812 $3,750,000 $3,750,000
2009 $21,980,000 3 299 $7,326,667 $3,600,000
2010 $12,100,000 3 579 $4,033,333 $4,200,000
2011 $9,870,000 3 507 $3,290,000 $3,500,000
Single-family/duplex
Single-family/duplex
2007 2008 2009 2010 2011
average $576 $481 $822 $575 $570
price per Square foot compariSon
Single-family/duplex
average of Sale price/laSt liSted price 92.68%
Sale pr ice vS l iSt pr ice compariSon
mountain Star
Source of all data contained in this report is the Vail Board of Realtors, Multiple Listing Service. Information is deemed reliable but not guaranteed. Consult your Slifer Smith & Frampton Broker for more information. ©2012 Slifer Smith & Frampton Real Estate
2011 Slifer report12
Singletree
SaleS volume no. of SaleSaverage dayS
on marketaverage Sale median Sale
2007 $60,828,763 60 159 $1,013,813 $892,138
2008 $33,966,750 28 213 $1,213,098 $960,000
2009 $26,804,136 27 212 $992,746 $870,000
2010 $17,811,260 21 297 $848,155 $730,000
2011 $25,744,687 29 252 $887,748 $755,000
Single-family/duplex
SaleS volume no. of SaleSaverage dayS
on marketaverage Sale median Sale
2007 $1,591,400 3 136 $530,467 $524,900
2008 $2,845,800 4 205 $711,250 $697,500
2009 $1,817,000 3 294 $605,667 $535,000
2010 $2,481,500 5 403 $496,300 $450,000
2011 $2,343,000 4 337 $585,750 $650,000
condominium / townhome
Single-family/duplex condominium/townhome
2007 2008 2009 2010 2011 2007 2008 2009 2010 2011
average $357 $373 $302 $274 $264 average $419 $364 $381 $314 $268
price per Square foot compariSon
Single-family/duplex condominium/townhome
average of Sale price/laSt liSted price 87.92% average of Sale price/laSt liSted price 88.58%
Sale pr ice vS l iSt pr ice compariSon
Source of all data contained in this report is the Vail Board of Realtors, Multiple Listing Service. Information is deemed reliable but not guaranteed. Consult your Slifer Smith & Frampton Broker for more information. ©2012 Slifer Smith & Frampton Real Estate
2011 Slifer report 13
SaleS volume no. of SaleSaverage dayS
on marketaverage Sale median Sale
2007 $175,922,657 32 493 $5,497,592 $4,832,500
2008 $78,716,106 16 328 $4,919,757 $5,112,500
2009 $28,100,000 4 137 $7,025,000 $4,850,000
2010 $81,017,000 13 262 $6,232,077 $5,567,000
2011 $28,481,000 8 481 $3,560,125 $2,850,000
Single-family/duplex
SaleS volume no. of SaleSaverage dayS
on marketaverage Sale median Sale
2007 $195,311,150 132 354 $1,479,630 $1,402,400
2008 $82,715,282 49 212 $1,688,067 $1,350,000
2009 $57,961,081 30 302 $1,932,036 $1,721,791
2010 $95,016,000 54 287 $1,759,556 $1,472,500
2011 $79,669,000 59 339 $1,350,322 $1,083,000
condominium / townhome
Single-family/duplex condominium/townhome
2007 2008 2009 2010 2011 2007 2008 2009 2010 2011
average $904 $873 $937 $845 $635 average $812 $892 $785 $781 $673
price per Square foot compariSon
Single-family/duplex condominium/townhome
average of Sale price/laSt liSted price 89.34% average of Sale price/laSt liSted price 90.44%
Sale pr ice vS l iSt pr ice compariSon
beaver creek village
Source of all data contained in this report is the Vail Board of Realtors, Multiple Listing Service. Information is deemed reliable but not guaranteed. Consult your Slifer Smith & Frampton Broker for more information. ©2012 Slifer Smith & Frampton Real Estate
2011 Slifer report14
bachelor gulch village
SaleS volume no. of SaleSaverage dayS
on marketaverage Sale median Sale
2007 $87,675,000 12 214 $7,306,250 $6,850,000
2008 $37,425,000 4 263 $9,356,250 $9,550,000
2009 $35,500,000 5 421 $7,100,000 $6,750,000
2010 $13,750,000 2 403 $6,875,000 $6,875,000
2011 $66,398,750 10 521 $6,639,875 $7,050,000
Single-family/duplex
SaleS volume no. of SaleSaverage dayS
on marketaverage Sale median Sale
2007 $111,404,500 50 276 $2,228,090 $2,096,250
2008 $68,324,000 25 220 $2,732,960 $2,350,000
2009 $20,900,000 9 341 $2,322,222 $2,150,000
2010 $28,415,200 14 454 $2,029,657 $1,750,000
2011 $32,378,000 15 410 $2,158,533 $2,000,000
condominium / townhome
Single-family/duplex condominium/townhome
2007 2008 2009 2010 2011 2007 2008 2009 2010 2011
average $992 $1,115 $980 $895 $877 average $1,155 $1,240 $832 $781 $784
price per Square foot compariSon
Single-family/duplex condominium/townhome
average of Sale price/laSt liSted price 90.20% average of Sale price/laSt liSted price 89.49%
Sale pr ice vS l iSt pr ice compariSon
Source of all data contained in this report is the Vail Board of Realtors, Multiple Listing Service. Information is deemed reliable but not guaranteed. Consult your Slifer Smith & Frampton Broker for more information. ©2012 Slifer Smith & Frampton Real Estate
2011 Slifer report 15
SaleS volume no. of SaleSaverage dayS
on marketaverage Sale median Sale
2007 $111,158,261 37 173 $3,004,277 $2,600,000
2008 $66,654,500 16 257 $4,103,406 $3,531,250
2009 $54,825,000 20 319 $2,741,250 $1,992,500
2010 $38,475,000 20 367 $1,923,750 $1,662,500
2011 $55,607,500 26 412 $2,138,750 $1,650,000
Single-family/duplex
SaleS volume no. of SaleSaverage dayS
on marketaverage Sale median Sale
2007 $39,112,004 27 240 $1,448,593 $1,337,500
2008 $22,916,000 18 182 $1,273,111 $1,242,500
2009 $11,406,500 14 259 $814,750 $680,000
2010 $13,243,500 17 352 $779,029 $585,000
2011 $9,201,500 11 238 $836,000 $900,000
condominium / townhome
Single-family/duplex condominium/townhome
2007 2008 2009 2010 2011 2007 2008 2009 2010 2011
average $577 $666 $547 $439 $428 average $710 $671 $520 $501 $459
price per Square foot compariSon
Single-family/duplex condominium/townhome
average of Sale price/laSt liSted price 87.98% average of Sale price/laSt liSted price 88.23%
Sale pr ice vS l iSt pr ice compariSon
arrowhead village
Source of all data contained in this report is the Vail Board of Realtors, Multiple Listing Service. Information is deemed reliable but not guaranteed. Consult your Slifer Smith & Frampton Broker for more information. ©2012 Slifer Smith & Frampton Real Estate
2011 Slifer report16
edwardS, homeStead & lake creek valley
SaleS volume no. of SaleSaverage dayS
on marketaverage Sale median Sale
2007 $72,051,361 59 207 $1,221,210 $895,000
2008 $34,683,062 27 264 $1,284,558 $899,000
2009 $19,346,625 15 389 $1,289,775 $800,000
2010 $27,309,220 22 274 $1,241,328 $955,000
2011 $20,417,000 19 256 $1,074,579 $750,000
Single-family/duplex
SaleS volume no. of SaleSaverage dayS
on marketaverage Sale median Sale
2007 $40,797,143 85 112 $479,966 $460,000
2008 $16,498,639 37 170 $445,909 $417,000
2009 $10,724,750 26 192 $412,490 $377,500
2010 $9,584,000 25 253 $383,360 $335,000
2011 $8,439,860 29 253 $291,030 $267,110
condominium / townhome
Single-family/duplex condominium/townhome
2007 2008 2009 2010 2011 2007 2008 2009 2010 2011
average $341 $438 $297 $331 $267 average $343 $340 $305 $275 $209
price per Square foot compariSon
Single-family/duplex condominium/townhome
average of Sale price/laSt liSted price 89.31% average of Sale price/laSt liSted price 93.43%
Sale pr ice vS l iSt pr ice compariSon
Source of all data contained in this report is the Vail Board of Realtors, Multiple Listing Service. Information is deemed reliable but not guaranteed. Consult your Slifer Smith & Frampton Broker for more information. ©2012 Slifer Smith & Frampton Real Estate
2011 Slifer report 17
SaleS volume no. of SaleSaverage dayS
on marketaverage Sale median Sale
2007 $133,178,745 55 263 $2,421,432 $2,340,000
2008 $68,640,000 32 311 $2,145,000 $1,865,000
2009 $59,948,500 31 330 $1,933,823 $1,620,000
2010 $84,530,400 45 334 $1,878,453 $1,700,000
2011 $32,366,000 22 425 $1,471,182 $1,225,000
Single-family/duplex
SaleS volume no. of SaleSaverage dayS
on marketaverage Sale median Sale
2007 $1,300,000 1 353 $1,300,000 $1,300,000
2008 N/A N/A N/A N/A N/A
2009 $1,680,000 2 394 $840,000 $840,000
2010 N/A N/A N/A N/A N/A
2011 $1,087,000 1 362 $1,087,000 $1,087,000
condominium / townhome
Single-family/duplex condominium/townhome
2007 2008 2009 2010 2011 2007 2008 2009 2010 2011
average $433 $419 $362 $337 $280 average $348 N/A $189 N/A $194
price per Square foot compariSon
Single-family/duplex condominium/townhome
average of Sale price/laSt liSted price 89.27% average of Sale price/laSt liSted price 90.58%
Sale pr ice vS l iSt pr ice compariSon
cordillera, cordillera valley club & timber SpringS
Source of all data contained in this report is the Vail Board of Realtors, Multiple Listing Service. Information is deemed reliable but not guaranteed. Consult your Slifer Smith & Frampton Broker for more information. ©2012 Slifer Smith & Frampton Real Estate
2011 Slifer report18
wolcott, bellyache ridge & red Sky ranch
SaleS volume no. of SaleSaverage dayS
on marketaverage Sale median Sale
2007 $1,399,000 2 223 $699,500 $699,500
2008 $2,677,620 1 615 $2,677,620 $2,677,620
2009 $2,725,000 3 320 $908,333 $1,000,000
2010 $26,458,500 12 268 $2,204,875 $2,215,000
2011 $11,468,170 10 211 $1,146,817 $1,076,335
Single-family/duplex
Single-family/duplex
2007 2008 2009 2010 2011
average $312 $774 $261 $365 $256
price per Square foot compariSon
Single-family/duplex
average of Sale price/laSt liSted price 89.64%
Sale pr ice vS l iSt pr ice compariSon
Source of all data contained in this report is the Vail Board of Realtors, Multiple Listing Service. Information is deemed reliable but not guaranteed. Consult your Slifer Smith & Frampton Broker for more information. ©2012 Slifer Smith & Frampton Real Estate
2011 Slifer report 19
SaleS volume no. of SaleSaverage dayS
on marketaverage Sale median Sale
2007 $72,426,065 90 236 $804,734 $739,780
2008 $46,788,796 66 189 $708,921 $688,650
2009 $29,942,347 44 274 $680,508 $512,500
2010 $32,740,010 59 288 $554,915 $480,500
2011 $36,400,400 79 160 $460,765 $419,900
Single-family/duplex
SaleS volume no. of SaleSaverage dayS
on marketaverage Sale median Sale
2007 $33,437,137 87 259 $384,680 $382,675
2008 $15,934,642 41 235 $388,650 $370,000
2009 $6,524,750 20 255 $326,238 $317,500
2010 $8,947,275 33 225 $271,130 $267,000
2011 $9,120,200 50 212 $182,404 $170,000
condominium / townhome
Single-family/duplex condominium/townhome
2007 2008 2009 2010 2011 2007 2008 2009 2010 2011
average $254 $253 $221 $185 $151 average $284 $282 $223 $178 $134
price per Square foot compariSon
Single-family/duplex condominium/townhome
average of Sale price/laSt liSted price 93.96% average of Sale price/laSt liSted price 93.55%
Sale pr ice vS l iSt pr ice compariSon
eagle & eagle ranch
Source of all data contained in this report is the Vail Board of Realtors, Multiple Listing Service. Information is deemed reliable but not guaranteed. Consult your Slifer Smith & Frampton Broker for more information. ©2012 Slifer Smith & Frampton Real Estate
2011 Slifer report20
gypSum, cotton ranch & buckhorn valley
SaleS volume no. of SaleSaverage dayS
on marketaverage Sale median Sale
2007 $58,341,399 120 178 $486,178 $447,500
2008 $37,342,846 86 200 $434,219 $404,000
2009 $13,235,647 35 237 $378,161 $350,000
2010 $17,395,694 52 175 $334,533 $324,250
2011 $15,936,365 64 137 $249,006 $237,000
Single-family/duplex
SaleS volume no. of SaleSaverage dayS
on marketaverage Sale median Sale
2007 $5,033,900 16 88 $314,619 $304,500
2008 $1,992,500 8 98 $249,063 $247,500
2009 $2,812,225 11 211 $255,657 $265,000
2010 $778,800 5 68 $155,760 $160,000
2011 $1,926,800 18 92 $107,044 $99,950
condominium / townhome
Single-family/duplex condominium/townhome
2007 2008 2009 2010 2011 2007 2008 2009 2010 2011
average $236 $215 $193 $153 $125 average $240 $246 $185 $114 $82
price per Square foot compariSon
Single-family/duplex condominium/townhome
average of Sale price/laSt liSted price 95.66% average of Sale price/laSt liSted price 92.61%
Sale pr ice vS l iSt pr ice compariSon
Source of all data contained in this report is the Vail Board of Realtors, Multiple Listing Service. Information is deemed reliable but not guaranteed. Consult your Slifer Smith & Frampton Broker for more information. ©2012 Slifer Smith & Frampton Real Estate
2011 Slifer report 21
area name l iSt pr ice Sold price Sold dateBeaver Creek $1,200,000 $1,025,000 5/23/11Beaver Creek $973,000 $825,000 10/19/11Bellyache Ridge Wolcott $295,000 $240,000 5/19/11Bellyache Ridge Wolcott $395,000 $300,000 4/20/11Bellyache Ridge Wolcott $425,000 $260,000 11/3/11Bellyache Ridge Wolcott $695,000 $550,000 2/28/11Bellyache Ridge Wolcott $695,000 $500,000 7/1/11Bellyache Ridge Wolcott $275,000 $225,000 9/1/11Bellyache Ridge Wolcott $595,000 $495,000 5/26/11Bellyache Ridge Wolcott $495,000 $380,000 12/16/11Singletree $285,000 $285,000 5/6/11Singletree $290,950 $215,000 1/5/11Singletree $329,000 $265,000 12/22/11Singletree $399,979 $285,000 9/29/11Singletree $239,000 $208,000 9/22/11Fulford $19,000 $19,000 1/31/11Fulford $19,000 $19,000 1/31/11Fulford $50,000 $40,000 10/14/11Cordillera $345,000 $200,000 5/24/11Cordillera $199,000 $100,000 3/23/11Cordillera $114,900 $111,000 3/28/11Cordillera $297,500 $123,750 9/20/11Cordillera $135,000 $120,000 8/19/11Cordillera $125,000 $110,000 12/28/11Colorow at Squaw Creek $585,000 $250,000 10/17/11Cotton Ranch $26,000 $23,000 9/30/11Cotton Ranch $25,000 $20,000 12/23/11Cotton Ranch $35,000 $25,000 12/23/11Cordillera Valley Club $1,200,000 $875,000 4/29/11Cordillera Valley Club $750,000 $562,500 5/10/11Dotsero Colorado River River Rd $389,000 $360,000 12/13/11Dotsero Colorado River River Rd $299,000 $247,500 11/28/11Eagle $225,000 $155,000 8/16/11Eagle Ranch $59,000 $45,000 12/16/11Eagle Ranch $30,000 $26,500 12/13/11Eagle Ranch $99,000 $92,500 3/23/11Eagle Ranch $180,000 $155,000 2/21/11Eagle Ranch $49,000 $43,000 9/22/11Eagle Ranch $149,000 $145,000 6/2/11Eagle Ranch $85,000 $76,000 8/8/11Eagle Ranch $81,900 $57,500 4/11/11Eagle Ranch $134,900 $110,000 4/25/11Eagle Ranch $69,900 $69,000 6/23/11Eagle Ranch $99,000 $92,500 8/10/11Eagle Ranch $65,000 $55,000 7/27/11EagleVail $279,000 $199,000 12/1/11EagleVail $199,000 $215,000 6/3/11Edwards $4,985,000 $3,900,000 12/22/11Gypsum $25,000 $22,500 10/10/11Gypsum $25,000 $22,500 10/10/11Gypsum $900,000 $700,000 8/10/11Gypsum $60,000 $42,500 1/18/11
continued on following page
homeSite SaleS
Source of all data contained in this report is the Vail Board of Realtors, Multiple Listing Service. Information is deemed reliable but not guaranteed. Consult your Slifer Smith & Frampton Broker for more information. ©2012 Slifer Smith & Frampton Real Estate
22
Gypsum $1,900,000 $1,775,000 5/23/11Gypsum $49,000 $40,000 10/11/11Gypsum $39,000 $32,000 12/23/11Gypsum Valley Brightwater $48,000 $38,000 2/25/11Gypsum Valley Brightwater $120,000 $100,000 7/7/11Gypsum Valley Brightwater $29,900 $22,500 9/7/11Gypsum Valley Brightwater $15,000 $15,000 9/1/11Gypsum Valley Brightwater $15,000 $15,000 9/1/11Gypsum Valley Brightwater $15,000 $15,000 9/1/11Gypsum Valley Brightwater $15,000 $15,000 9/1/11Gypsum Valley Brightwater $15,000 $15,000 9/1/11Gypsum Valley Brightwater $15,000 $15,000 9/1/11Gypsum Valley Brightwater $15,000 $15,000 9/1/11Gypsum Valley Brightwater $15,000 $15,000 9/1/11Gypsum Valley Brightwater $15,000 $15,000 9/1/11Gypsum Valley Brightwater $15,000 $15,000 9/1/11Gypsum Valley Brightwater $15,000 $15,000 9/1/11Gypsum Valley Brightwater $15,000 $15,000 9/1/11Gypsum Valley Brightwater $15,000 $15,000 9/1/11Gypsum Valley Brightwater $15,000 $15,000 9/1/11Gypsum Valley Brightwater $15,000 $15,000 9/1/11Gypsum Valley Brightwater $15,000 $15,000 9/1/11Gypsum Valley Brightwater $85,000 $59,125 2/10/11Gypsum Valley Brightwater $15,000 $15,000 9/1/11Gypsum Valley Brightwater $15,000 $15,000 9/1/11Gypsum Valley Brightwater $15,000 $15,000 9/1/11Gypsum Valley Brightwater $15,000 $15,000 9/1/11Gypsum Valley Brightwater $15,000 $15,000 9/1/11Gypsum Valley Brightwater $15,000 $15,000 9/1/11Gypsum Valley Brightwater $46,000 $35,750 5/17/11Gypsum Valley Brightwater $40,000 $40,000 5/20/11Gypsum Valley Brightwater $39,000 $27,500 9/12/11Gypsum Valley Brightwater $39,000 $27,500 9/12/11Gypsum Valley Brightwater $20,000 $10,000 6/28/11Gypsum Valley Brightwater $29,900 $24,500 9/19/11Gypsum Valley Brightwater $25,000 $26,000 11/14/11Gypsum Valley Brightwater $28,000 $28,000 11/8/11Redcliff $52,370 $44,000 9/21/11NW Eagle County $1,500,000 $980,000 2/18/11NW Eagle County $799,000 $690,000 8/4/11NW Eagle County $2,750,000 $2,200,000 8/23/11Out of County $1,950,000 $1,950,000 1/25/11Out of County $150,000 $145,000 2/17/11Out of County $795,000 $813,000 12/15/11Out of County $199,000 $180,000 10/7/11Out of County $640,000 $620,000 9/20/11Sandstone Lionsridge $895,000 $250,000 10/31/11Sandstone Lionsridge $519,000 $445,000 8/30/11Sandstone Lionsridge $519,000 $510,000 8/11/11Vail Village $8,100,000 $6,825,000 10/13/11
total land SaleS in 2011 $33,755,125
area name l iSt pr ice Sold price Sold date
homeSite SaleS continued from previouS page
VailRealestate.com
2011 Slifer report
2011 Slifer report 23
VailRealestate.com
SSF
Compet
itor 1
Compet
itor 2
Compet
itor 3
Compet
itor 4
Compet
itor 5
Compet
itor 6
Compet
itor 7
$0
$200
$400
$600
$800
$1,000
MIL
LIO
NS
$862
$53
$177
$99
$20$32$35
$144
Based on VBOR MLS residential and land sold data from 1/1/11 thru 12/31/11. Sell sides and list sides combined for totals. Includes closest competitors only.
Today’s real estate market can be extremely complicated. Now more than ever it is important that you work with the market experts. Slifer Smith & Frampton Real Estate has a 50-year perspective and
over 100 seasoned Vail Valley real estate brokers.
Whether you are maximizing exposure to sell your home or seeking the best values in our resort market, clients across the globe trust the Vail Valley’s leading real estate company.
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cloSed SaleS volume 1/1/11–12/31/11
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vail
Bridge Street
970.476.2421 | 800.544.2421
Solaris
970.477.5720 | 888.412.6620
Lionshead
970.479.0245 | 866.639.8245
The Lodge at Vail
970.390.7473
avon
Corporate Offi ce
970.845.2000 | 888.692.7360
Mountain Star
970.748.5545
The Westin Riverfront
970.748.5420 | 888.748.5420
cordiller a
The Divide
970.926.3505 | 800.624.0632
vill ageS ofbeaver creek Arrowhead970.926.3000 | 800.535.8882
Bachelor Gulch Village970.845.2300 | 888.677.8380
Highlands Lodge970.845.9403
Park HyattPromenade and Lobby970.845.9400 | 800.944.9050
St. James Place970.845.9900 | 888.773.8858
The Charter970.845.3815
Vacation Ownership Center970.949.5811 | 800.962.5920
wolcot tRed Sky Ranch970.754.8411 | 877.973.3759
eagleEagle Ranch970.328.2550 | 877.328.2550
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