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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

Item
Q1 2018
Q1 2019
% +/-
——————————————————————————————————————————————————————————————————
VELOCITY – Eagle County (Source � LTGC)
Item:
Q1 2018:
Q1 2019:
% +/- :
Commercial Sales Volume
$34.7M
$34.6M
-13.3%
Item:
Q1 2018:
Q1 2019:
% +/- :
Commercial Transactions
44
34
-22.7%
VELOCITY � Vail (Source � VBR)
Item:
Q1 2018:
Q1 2019:
% +/- :
Commercial Sales Volume
$7.4M
$4.8M
-65%
Item:
Q1 2018:
Q1 2019:
% +/- :
Commercial Transactions
14
9
-65%
SALES TAX INDICATORS:
Item:
Q1 2018:
Q1 2019:
% +/- :
Eagle County
$1.6M
$3.8M
133%
Item:
Q1 2018:
Q1 2019:
% +/- :
Vail
$11.6M
$12.4M
7.1%
Item:
Q1 2018:
Q1 2019:
% +/- :
Avon
$1.6M
$1.6M
0%
Item:
Q1 2018:
Q1 2019:
% +/- :
Eagle
No Report
No Report
Item:
Q1 2018:
Q1 2019:
% +/- :
Gypsum
$1.4M
$1.6M
14%

RESIDENTIAL REAL ESTATE � Eagle County (Source � LTGC)
Item:
Q1 2018:
Q1 2019:
% +/- :
Residential Total Sales
$461.3M
$411M
-11%
Item:
Q1 2018:
Q1 2019:
% +/- :
Transactions
433
355
-18%
RESIDENTIAL REAL ESTATE � Vail (Source � VBR)
Item:
Q1 2018:
Q1 2019:
% +/- :
Residential Total Sales
$328.4M
$325.6M
-1%
Item:
Q1 2018:
Q1 2019:
% +/- :
Transactions
249
244
-2%
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

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About The Author

Darren Nakos

Darren Nakos is the Founder/Managing Broker for Landmark Real Esate Group where he focuses on commercial real estate investments, multi-family development and commercial real estate brokerage. Darren Nakos�s approach to commercial real estate is both highly quantitative and qualitative in his analysis and selection of commercial real opportunities for buyers and sellers.

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