Vail Valley | Q1 2020
The Vail Valley, located within Eagle County, is the epitome of a Colorado resort community. Incredible skiing in the winter and unbeatable scenery for summer activities such as hiking, biking, golfing, fishing, and ziplining, attract people from all over the world. Live out your mountain dreams in one of the beautiful towns that collectively make up Eagle County, including the Vail Village, Beaver Creek, Edwards, Avon, and Cordillera. These communities keep things fresh with a healthy mix of luxury amenities and more casual, local offerings. Finding your happy place is never hard in a resort community such as this.
LIV Sotheby’s International Realty produces a Micro Market Report focusing on the real estate performance for Eagle County, which makes up the Vail Valley, in Q1 of 2020 compared to Q1 of 2019. Total sales volume for Eagle County grew slightly by 1.2%, reaching $332,356,420 in Q1 of this year, an uptick from when the total sales volume was $328,335,339 in Q1 of 2019.
Several communities with the Vail Valley experienced increases in the number of properties sold during Q1 of 2020 compared to the same time frame in the previous year. By far, Bachelor Gulch saw the largest uptick in sales for all property types, growing by an impressive 120%. During Q1 of this year, 11 homes in this town sold in comparison to Q1 of 2019 when five homes sold. The market for condominiums, townhomes, duplexes, and triplexes was also very active through March of this year. Condominium, townhome, duplex, and triplex property sales in this community increased by 150%, growing from four homes sold in Q1 of 2019 to 10 homes sold during the same period of time in 2020.
The Vail Valley is the place to be for consumers looking for the conveniences of living in a resort community paired with stunning natural scenery and outdoor activities.
This Colorado Micro Market Report includes real estate data statistics for the following neighborhoods (single family, unless otherwise indicated): Arrowhead, Avon, Bachelor Gulch, Beaver Creek, Brush Creek, Cordillera, Cordillera Valley Club, Eagle, Eagle Ranch, Eagle-Vail, East Vail, Edwards – Lake Creek Valley, Edwards – Singletree, Edwards & Homestead, Gypsum, Lionshead, Minturn, Mountain Star, Vail Golf Course & Spraddle Creek, Vail Village, West Vail & Cascade, and Wildridge/Wildwood.