Vail/Eagle County Market Update – August 2018
Commercial Real Estate sales volume of $76.7M with 33 transactions YTD in 2018 is down 16.1% compared to sales Jan-July 2017 with 46 transactions worth $49.7M. Residential Real Estate sales for $1,073M YTD in 2018 are slightly down by 3% compared to sales Jan-July 2017 of $1,110M. Sales Taxes in Eagle County are down 21% YTD compared to taxes collected Jan-July 2017. New commercial real estate development projects include 4 apartment projects for 171 units in Vail, 1 apartment project in Avon for 12 units, 3 apartment projects in Edwards for 228 units, 7 apartment projects in Eagle for 1,598 units, 4 apartment projects in Gypsum for 1077 units. There are a total of 19 apartment construction projects worth 3,084 units coming on to the market.
VAIL/EAGLE COUNTY MARKET UPDATE
VELOCITY (Source – LTGC)
Commercial Transactions
46
84
-17.4%
Commercial Sales Volume
Transactions
$22,800,000
33
$22,750,000
36
0%
9.0%
SALES TAX INDICATORS (Source – Town of Breckenridge)
Vail
$13,107,000
$13,470,000
3.0%
CAP RATES
RESIDENTIAL REAL ESTATE
LTG Countywide Numbers
Transactions
960
1,000
4.0%
Transactions
607
628
3.0%
INVENTORY
Residential Inventory:
Commercial Inventory:
DEVELOPMENTS
- Vail – 4 projects with 171 units
- Avon – 1 project with 12 units
- Edwards – 3 projects with 228 units
- Eagle – 7 projects with 1598 units
- Gypsum – 4 projects with 1075 units
- Total – 19 projects with 3,084 units
