Vail Valley Market Report | November 2015
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Vail Valley Market Report November 2015 Eagle County real estate in November maintained its trend of increasing dollar volume and transactions year-to-date compared to 2014. Although certain locations have seen a return to the high prices of 2007-2008, this is typically in pockets of areas in Vail Village and Lionshead and other coveted locations and/or newer construction. Many locations are still not near past high sales prices. Inventory continues to be relatively scarce in the luxury market but buyers are still very savvy and want value and therefore are well educated prior to purchase. Whim purchases are far less likely in this climate. November closed out with a total of $137,128,799 compared to November 2014 with a total volume of $128,287,523. When looking at 2015, September remained the highest month in sales with over $229,528,778. The total transactions for the year concluding November was 1,875. The entire year of 2014 had a total of 1,802 transactions. The Villages of both Vail and Beaver Creek Resort were fairly comparable for the month. Each accounted for approximately 11% of the total volume for the county, or $16,269,500 for Vail Village and $15,215,000 in Beaver Creek. Areas of interest that have improved in average price per square foot across all property types (i.e. single family, multi-res, land) are as follows: Vail Golf Course, Sandstone/Lionsridge, Buffer Creek, Intermountain/West Vail South, Minturn, Eagle-Vail, Mountain Star, Beaver Creek, Arrowhead, Homestead, and Cordillera. The remaining other areas saw a reduction in either single family or condo/ townhome price per square foot for 2015 compared to 2014. In some areas this has been a genuine decline while others appear to be related to the age and quality of the residences sold from 2014 to 2015. See page 13 for price per foot by area.
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Statistical breakdown of the sales in Eagle County Colorado for 2015 through the end of November. Continues to show the continual improvement in the overall market for Vail Valley year over year.
Transcript of Vail Valley Market Report | November 2015
Vail Valley Market Update September 2015
September ended the 3rd quarter with the best month of the year in both dollar volume and number of transactions. September sales volume were at $229,528,778 compared to last year’s sales volume at $148,315,026, up 55%. September saw 236 transactions this year compared to 188 transactions last September, a 26% increase.
Arrowhead took the lead in sales volume for September accounting for over $35 million in sales volume with 13 transactions. The average transaction price was around $2.8 million for Arrowhead. Vail Village and Lionshead saw 9 transactions with $33,869,640 in sales volume with the average transaction price of nearly $4 million. Beaver Creek had 7 transactions with a total dollar volume was $15,282,686 with the average transaction being around $2.7 million.
A duplex on Forest Road in Vail Village sold for $10,900,000. This was the highest priced residential sale for September 2015. The highest price per square foot for September was also in Vail reported $2,634 per square foot for a total price of $7,750,000.
Vail Valley Market Report November 2015
Eagle County real estate in November maintained its trend of increasing dollar volume and transactions year-to-date compared to 2014. Although certain locations have seen a return to the high prices of 2007-2008, this is typically in pockets of areas in Vail Village and Lionshead and other coveted locations and/or newer construction. Many locations are still not near past high sales prices. Inventory continues to be relatively scarce in the luxury market but buyers are still very savvy and want value and therefore are well educated prior to purchase. Whim purchases are far less likely in this climate.
November closed out with a total of $137,128,799 compared to November 2014 with a total volume of $128,287,523. When looking at 2015, September remained the highest month in sales with over $229,528,778. The total transactions for the year concluding November was 1,875. The entire year of 2014 had a total of 1,802 transactions.
The Villages of both Vail and Beaver Creek Resort were fairly comparable for the month. Each accounted for approximately 11% of the total volume for the county, or $16,269,500 for Vail Village and $15,215,000 in Beaver Creek.
Areas of interest that have improved in average price per square foot across all property types (i.e. single family, multi-res, land) are as follows: Vail Golf Course, Sandstone/Lionsridge, Buffer Creek, Intermountain/West Vail South, Minturn, Eagle-Vail, Mountain Star, Beaver Creek, Arrowhead, Homestead, and Cordillera. The remaining other areas saw a reduction in either single family or condo/townhome price per square foot for 2015 compared to 2014. In some areas this has been a genuine decline while others appear to be related to the age and quality of the residences sold from 2014 to 2015. See page 13 for price per foot by area.
Malia Cox Nobrega 970.977.1041 [email protected]
Malia Cox Nobrega 970.977.1041 [email protected]
Malia Cox Nobrega 970.977.1041 [email protected]
Malia Cox Nobrega 970.977.1041 [email protected]
Malia Cox Nobrega 970.977.1041 [email protected]
Malia Cox Nobrega 970.977.1041 [email protected]
Malia Cox Nobrega 970.977.1041 [email protected]
Malia Cox Nobrega 970.977.1041 [email protected]
Malia Cox Nobrega 970.977.1041 [email protected]
Malia Cox Nobrega 970.977.1041 [email protected]
Malia Cox Nobrega 970.977.1041 [email protected]
Malia Cox Nobrega 970.977.1041 [email protected]
Malia Cox Nobrega 970.977.1041 [email protected]
Malia Cox Nobrega 970.977.1041 [email protected]
