2014 year end final market report for issue and website with malia cover and letter link to vailluxu
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VAIL VALLEYREAL ESTATE MARKETYEAR IN REVIEW
2014
TTotal volume in December was the highest month since 2007 with $252,756,183. This brings the year end real estate sales total to $1.779 billion. This volume represents the highest yearly total since 2008. Certain parts of the market are back to price levels we saw at the top of the market in the highest end luxury market and newer construction. Some areas of the market are still not near their highest levels and tend to be older properties that are not in the heart of Vail Village and Lionshead. Much of December's volume is represent-ed by 2 sales; a Vail Village single family home, which sold for $18.5 million, and an Avon commercial proper-ty. Combined these 2 properties sold for $74 million. I am happy to report that since March of 2014, when I began my full-time real estate career, I have sold or pending over $30 million dollars in sales volume. I have a passion for the real estate market and marketing at the highest level. Transactions levels were also strong with a total of 1,802 for 2014; also the highest since 2007 at which time there were 2,688.
Here is a year in review by the numbers for 2014:
Total number of residential transactions that sold over $5 million - 35Total number for residential transactions that sold under $500,000 - 662The highest overall sale of 2014 (Avon commercial property) - $55.5MPercent of sales purchases from local buyers - 52%Percent of sales purchases from out of state buyers - 31%Total volume increase over 2013 - 27%Total transactions increase over 2013 - 2%TTotal commercial sales volume - $178,919,800Increase in average sales price of residential properties sold from 2013 to 2014 - 16%Largest increase in transactions of an area over last year's number (Buffer Creek/Vail Das Shone area) -145%Percentage DROP in bank sales this year over last year (155 in 2013 to 72 in 2014) - 54%Number of transactions over $3M in 2014 vs. 2013 - 24 more in 2014The average price of a multi-family home in Lionshead; a 37% increase over 2013 - $2,271,190
TThese reports are a combination of reports compiled by Land Title Guarantee Company (which uses unoffi-cial Eagle County Statistics) and reports from LIV Sotheby’s International Realty (which uses Vail Multi Listing Data from the Vail Board of Realtors). Both sources are very useful as they present differently in their format and how they group the data and one or the other format may appeal to you. Hopefully in reading through you get a good feel for the market that you are interested in following.
A HUGE DECEMBER MARKS THE END OF A SOLID YEAR IN THE REAL ESTATE MARKET
Based on Information from Vail Board of Realtors®. This representation is based in whole or in part on data supplied by Vail Board of Realtors®. Vail Board of Realtors® does not guarantee nor is in any way responsible for its accuracy. Data maintained by Vail Board of Realtors® may not reflect all real estate activity in the market.
MICROMARKET REPORT | VAIL VALLEY
YEAR-END 2014 | COLORADOMICROREPORTS.COM
1. Arrowhead
2. Avon
3. Bachelor Gulch
4. Beaver Creek
5. Cordillera & Cordillera Valley Club
6. Eagle Vail
7. Eagle & Gypsum
8. Edwards - Homestead
VAIL VALLEY NEIGHBORHOODS BEAVER CREEK & VAIL
9. Edwards - Lake Creek Valley
10. Edwards - Singletree
11. Lionshead
12. Mountain Star
13. Vail Golf Course, Spraddle Creek & Cascade
14. Vail Village
15. Wildridge
16. Wolcott, Bellyache, Red Sky
13 4
25
6
7
119
10
8
121516
1314
January through December 2013 2014 % ChangeAverage Price $1,600,188 $1,659,897 3.7%Average Price per Square Foot $656 $687 4.7%Average Days on Market 315 332 5.4%Highest Price $7,125,000 $8,350,000 17.2%Lowest Price $314,000 $475,000 51.3%Properties Sold 72 87 20.8%% Sold Price to List Price 93.58% 94.13% 0.6%
BEAVER CREEK All Properties
January through December 2013 2014 % ChangeAverage Price $3,623,338 $3,434,177 -5.2%Average Price per Square Foot $789 $882 11.8%Average Days on Market 441 289 -34.5%Highest Price $11,900,000 $9,975,000 -16.2%Lowest Price $880,000 $1,000,000 13.6%Properties Sold 29 31 6.9%% Sold Price to List Price 92.00% 94.21% 2.4%
BACHELOR GULCH All Properties
January through December 2013 2014 % ChangeAverage Price $1,551,584 $1,479,569 -4.6%Average Price per Square Foot $455 $485 6.6%Average Days on Market 255 249 -2.4%Highest Price $4,260,000 $7,225,000 69.6%Lowest Price $215,000 $350,000 62.8%Properties Sold 48 57 18.8%% Sold Price to List Price 91.93% 90.91% -1.1%
ARROWHEAD All Properties
Based on Information from Vail Board of Realtors®. This representation is based in whole or in part on data supplied by Vail Board of Realtors®. Vail Board of Realtors® does not guarantee nor is in any way responsible for its accuracy. Data maintained by Vail Board of Realtors® may not reflect all real estate activity in the market.
MICROMARKET REPORT | VAIL VALLEY
YEAR-END 2014 | COLORADOMICROREPORTS.COM
VAIL VALLEY MARKET | MARKETS BY AREAVAIL VALLEY MARKET
January through December 2013 2014 % ChangeAverage Price $3,157,442 $4,632,260 46.7%Average Price per Square Foot $1,471 $1,603 9.0%Average Days on Market 381 456 19.7%Highest Price $13,550,000 $19,000,000 40.2%Lowest Price $375,000 $480,000 28.0%Properties Sold 43 53 23.3%% Sold Price to List Price 93.18% 91.53% -1.8%
VAIL VILLAGE All Properties
January through December 2013 2014 % ChangeAverage Price $1,827,798 $2,673,685 46.3%Average Price per Square Foot $1,052 $1,234 17.3%Average Days on Market 404 255 -36.9%Highest Price $7,650,000 $14,250,000 86.3%Lowest Price $231,000 $300,000 29.9%Properties Sold 42 46 9.5%% Sold Price to List Price 94.62% 91.77% -3.0%
LIONSHEAD All Properties
January through December 2013 2014 % ChangeAverage Price $846,975 $956,828 13.0%Average Price per Square Foot $439 $460 4.8%Average Days on Market 152 173 13.8%Highest Price $4,600,000 $7,600,000 65.2%Lowest Price $175,000 $195,000 11.4%Properties Sold 173 179 3.5%% Sold Price to List Price 93.89% 94.51% 0.7%
VAIL ALL PROPERTIES Excluding Vail Village and Lionshead
Based on Information from Vail Board of Realtors®. This representation is based in whole or in part on data supplied by Vail Board of Realtors®. Vail Board of Realtors® does not guarantee nor is in any way responsible for its accuracy. Data maintained by Vail Board of Realtors® may not reflect all real estate activity in the market.
MICROMARKET REPORT | VAIL VALLEY
YEAR-END 2014 | COLORADOMICROREPORTS.COM
VAIL VALLEY MARKET | MARKETS BY AREAVAIL VALLEY MARKET
January through December 2013 2014 % ChangeAverage Price $1,143,634 $943,072 -17.5%Average Price per Square Foot $472 $474 0.4%Average Days on Market 284 194 -31.7%Highest Price $2,950,000 $2,166,600 -26.6%Lowest Price $215,000 $350,000 62.8%Properties Sold 32 43 34.4%% Sold Price to List Price 92.86% 93.42% 0.6%
ARROWHEAD Condo/Townhome/Duplex
January through December 2013 2014 % ChangeAverage Price $2,367,482 $3,127,381 32.1%Average Price per Square Foot $421 $520 23.5%Average Days on Market 196 418 113.3%Highest Price $4,260,000 $7,225,000 69.6%Lowest Price $1,000,000 $1,300,000 30.0%Properties Sold 16 14 -12.5%% Sold Price to List Price 91.51% 88.63% -3.1%
ARROWHEAD Single Family
January through December 2013 2014 % ChangeAverage Price $1,838,047 $2,418,646 31.6%Average Price per Square Foot $746 $876 17.4%Average Days on Market 379 262 -30.9%Highest Price $2,950,000 $4,400,000 49.2%Lowest Price $880,000 $1,000,000 13.6%Properties Sold 17 24 41.2%% Sold Price to List Price 91.90% 93.85% 2.1%
BACHELOR GULCH Condo/Townhome/Duplex
Based on Information from Vail Board of Realtors®. This representation is based in whole or in part on data supplied by Vail Board of Realtors®. Vail Board of Realtors® does not guarantee nor is in any way responsible for its accuracy. Data maintained by Vail Board of Realtors® may not reflect all real estate activity in the market.
MICROMARKET REPORT | VAIL VALLEY
YEAR-END 2014 | COLORADOMICROREPORTS.COM
VAIL VALLEY MARKET | MARKETS BY AREAVAIL VALLEY MARKET | MARKETS BY AREA
January through December 2013 2014 % ChangeAverage Price $6,152,500 $6,916,000 12.4%Average Price per Square Foot $849 $901 6.1%Average Days on Market 530 382 -27.9%Highest Price $11,900,000 $9,975,000 -16.2%Lowest Price $3,925,000 $3,700,000 -5.7%Properties Sold 12 7 -41.7%% Sold Price to List Price 90.85% 96.77% 6.5%
BACHELOR GULCH Single Family
January through December 2013 2014 % ChangeAverage Price $1,231,362 $1,351,659 9.8%Average Price per Square Foot $649 $685 5.5%Average Days on Market 319 336 5.3%Highest Price $4,800,000 $3,500,000 -27.1%Lowest Price $314,000 $475,000 51.3%Properties Sold 65 79 21.5%% Sold Price to List Price 93.84% 93.89% 0.1%
BEAVER CREEK Condo/Townhome/Duplex
January through December 2013 2014 % ChangeAverage Price $5,025,000 $4,703,750 -6.4%Average Price per Square Foot $720 $711 -1.3%Average Days on Market 275 300 9.1%Highest Price $7,125,000 $8,350,000 17.2%Lowest Price $2,300,000 $2,775,000 20.7%Properties Sold 7 8 14.3%% Sold Price to List Price 94.24% 94.70% 0.5%
BEAVER CREEK Single Family
Based on Information from Vail Board of Realtors®. This representation is based in whole or in part on data supplied by Vail Board of Realtors®. Vail Board of Realtors® does not guarantee nor is in any way responsible for its accuracy. Data maintained by Vail Board of Realtors® may not reflect all real estate activity in the market.
MICROMARKET REPORT | VAIL VALLEY
YEAR-END 2014 | COLORADOMICROREPORTS.COM
VAIL VALLEY MARKET | MARKETS BY AREAVAIL VALLEY MARKET | MARKETS BY AREA
January through December 2013 2014 % ChangeAverage Price $1,523,955 $1,815,632 19.1%Average Price per Square Foot $306 $330 7.8%Average Days on Market 285 266 -6.7%Highest Price $3,875,000 $3,850,000 -0.6%Lowest Price $698,000 $740,000 6.0%Properties Sold 44 39 -11.4%% Sold Price to List Price 89.99% 92.61% 2.9%
CORDILLERA & CORDILLERA VALLEY CLUB All Properties
January through December 2013 2014 % ChangeAverage Price $359,161 $386,858 7.7%Average Price per Square Foot $154 $176 14.3%Average Days on Market 85 80 -5.9%Highest Price $1,725,000 $2,500,000 44.9%Lowest Price $70,875 $59,148 -16.5%Properties Sold 292 275 -5.8%% Sold Price to List Price 95.38% 97.34% 2.1%
EAGLE & GYPSUM All Properties
January through December 2013 2014 % ChangeAverage Price $434,899 $496,642 14.2%Average Price per Square Foot $283 $302 6.7%Average Days on Market 157 111 -29.3%Highest Price $1,600,000 $2,750,000 71.9%Lowest Price $108,000 $106,000 -1.9%Properties Sold 193 212 9.8%% Sold Price to List Price 94.97% 94.75% -0.2%
EAGLE-VAIL, AVON & WILDRIDGE All Properties
Based on Information from Vail Board of Realtors®. This representation is based in whole or in part on data supplied by Vail Board of Realtors®. Vail Board of Realtors® does not guarantee nor is in any way responsible for its accuracy. Data maintained by Vail Board of Realtors® may not reflect all real estate activity in the market.
MICROMARKET REPORT | VAIL VALLEY
YEAR-END 2014 | COLORADOMICROREPORTS.COM
VAIL VALLEY MARKET | MARKETS BY AREAVAIL VALLEY MARKET | MARKETS BY AREA
January through December 2013 2014 % ChangeAverage Price $528,905 $464,447 -12.2%Average Price per Square Foot $246 $267 8.5%Average Days on Market 157 96 -38.9%Highest Price $2,075,000 $1,750,000 -15.7%Lowest Price $180,000 $162,750 -9.6%Properties Sold 83 91 9.6%% Sold Price to List Price 94.82% 96.06% 1.3%
EDWARDS - HOMESTEAD All Properties
January through December 2013 2014 % ChangeAverage Price $1,862,667 $2,323,125 24.7%Average Price per Square Foot $419 $458 9.3%Average Days on Market 628 349 -44.4%Highest Price $4,350,000 $9,500,000 118.4%Lowest Price $595,000 $545,000 -8.4%Properties Sold 9 12 33.3%% Sold Price to List Price 81.12% 87.52% 7.9%
EDWARDS - LAKE CREEK VALLEY All Properties
January through December 2013 2014 % ChangeAverage Price $842,012 $814,104 -3.3%Average Price per Square Foot $271 $275 1.5%Average Days on Market 140 155 10.7%Highest Price $2,465,000 $1,520,000 -38.3%Lowest Price $320,000 $405,000 26.6%Properties Sold 52 47 -9.6%% Sold Price to List Price 94.56% 93.22% -1.4%
EDWARDS - SINGLETREE All Properties
Based on Information from Vail Board of Realtors®. This representation is based in whole or in part on data supplied by Vail Board of Realtors®. Vail Board of Realtors® does not guarantee nor is in any way responsible for its accuracy. Data maintained by Vail Board of Realtors® may not reflect all real estate activity in the market.
MICROMARKET REPORT | VAIL VALLEY
YEAR-END 2014 | COLORADOMICROREPORTS.COM
VAIL VALLEY MARKET | MARKETS BY AREAVAIL VALLEY MARKET | MARKETS BY AREA
January through December 2013 2014 % ChangeAverage Price $0 $2,900,000 -Average Price per Square Foot $0 $554 -Average Days on Market 0 521 -Highest Price $0 $4,100,000 -Lowest Price $0 $2,100,000 -Properties Sold No Sales 3 -% Sold Price to List Price 0.00% 88.82% -
MOUNTAIN STAR All Properties
January through December 2013 2014 % ChangeAverage Price $1,669,605 $1,860,097 11.4%Average Price per Square Foot $662 $719 8.6%Average Days on Market 294 357 21.4%Highest Price $4,600,000 $5,000,000 8.7%Lowest Price $525,000 $575,000 9.5%Properties Sold 19 18 -5.3%% Sold Price to List Price 94.64% 93.38% -1.3%
VAIL GOLF COURSE, SPRADDLE CREEK & CASCADE All Properties
January through December 2013 2014 % ChangeAverage Price $745,482 $855,841 14.8%Average Price per Square Foot $411 $431 4.9%Average Days on Market 134 152 13.4%Highest Price $4,513,803 $7,600,000 68.4%Lowest Price $175,000 $195,000 11.4%Properties Sold 154 161 4.5%% Sold Price to List Price 93.88% 94.88% 1.1%
ALL OTHER VAIL AREAS East Vail, Booth Creek, Potato Ranch, Sandstone Lionsridge,Valley Ridge at Vail, West Vail North, Highland Meadows, West Vail South
Based on Information from Vail Board of Realtors®. This representation is based in whole or in part on data supplied by Vail Board of Realtors®. Vail Board of Realtors® does not guarantee nor is in any way responsible for its accuracy. Data maintained by Vail Board of Realtors® may not reflect all real estate activity in the market.
MICROMARKET REPORT | VAIL VALLEY
YEAR-END 2014 | COLORADOMICROREPORTS.COM
VAIL VALLEY MARKET | MARKETS BY AREAVAIL VALLEY MARKET | MARKETS BY AREA
