Looking to dive a little deeper into a specific neighborhood? The Micro Market Report is just what you need! Check out the latest edition below.
Real estate brokers in and around the Vail Valley stayed busy from January through September this year, with the area seeing a collective 20.6% spike in the total number of properties sold. Compared to the same time frame last year, the overall average home price in Eagle County rose 10.1%, from $1,602,440 to $1,764,519. While these numbers are less staggering than those reported at the mid-year mark, they still show a steady increase that reflects the ongoing desire of buyers to settle in the Vail Valley.
Zooming in, data reveals that certain areas saw large increases in the average price of homes sold compared to the same time period in 2020, including Cordillera (Divide, Summit, Ranch) at a 42.3% increase, Cascade with a 43.9% increase, Edwards – Homestead at a 48.7% increase, and Edwards – Lake Creek Valley at a whopping 68.9% increase. Other neighborhoods throughout the Vail Valley saw smaller surges and a few even experienced decreases in the average price of home sales.
Even in the areas where prices are decreasing, however, more houses are selling compared to last year and they’re going faster than ever. The Vail Village saw a drop in days on market from 288 in 2020 to 151 this year and nearly doubled the number of properties sold compared to the same time frame last year. The neighborhoods of Lionshead, Vail Golf, and Beaver Creek also saw gains, with the highest jump in Beaver Creek at 108.5% more properties sold in 2021 compared to the same time frame in 2020. The number of people relocating to Colorado’s resort communities continues to climb, and Eagle County is clearly one of their most desired landing points.
Vail Valley, located in Eagle County and nestled within the White River National Forest, is an easy 100-mile drive west on I-70 from Denver, and easily accessible from Eagle County Regional Airport. That, along with its reputation for world-class skiing at Beaver Creek and Vail, featuring a European alpine ambiance, makes the Vail Valley a must-see stop on most Colorado travel itineraries.
In addition to the abundance of outdoor activities the Vail Valley offers, residents and visitors also enjoy luxury amenities here like fine dining, boutique shopping, golfing, and a top-tier surgical center. With home buyers placing a greater emphasis on quality of life in 2021, resort communities like Vail and Beaver Creek continue to generate a surge in market activity.