Vail/Eagle County Market Update – April 2019
Commercial Real Estate sales volume of $34.6M with 34 transactions YTD in 2019 is relatively even compared to sales YTD in 2018 with 44 transactions worth $34.7M. Residential Real Estate sales for $411M YTD in 2019 is down 11% compared to sales YTD in 2018 of $461K. New commercial real estate development projects include 4 apartment projects for 171 units in Vail, 1 apartment project in Avon for 81 units under construction, 3 apartment projects in Edwards for 228 units under construction, 7 apartment projects in Eagle for 1,598 units of which 2 projects are under construction, 4 apartment projects in Gypsum for 1075 units of which 1 project is under construction. There are a total of 19 apartment construction projects worth 3,153 units coming on to the market.
VAIL/EAGLE COUNTY MARKET UPDATE
VELOCITY – Eagle County (Source – LTGC)
VELOCITY – Vail (Source – VBR)
SALES TAX INDICATORS:
RESIDENTIAL REAL ESTATE – Eagle County (Source – LTGC)
RESIDENTIAL REAL ESTATE – Vail (Source – VBR)
DEVELOPMENTS
- Vail – 4 projects with 171 units
- Avon – 1 project with 81 units under construction
- Edwards – 3 projects with 228 units under construction
- Eagle – 7 projects with 1598 units (2 projects under construction)
- Gypsum – 4 projects with 1075 units (1 project under construction)
- Total – 19 projects with 3,153 units
