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Vail/Eagle County Market Update – April 2021

Commercial Real Estate sales volume of $94.5M with 248 transactions in 2020 is up 159% compared to sales 2019 with 113 transactions worth $36.5M. Residential Real Estate sales for $3.3B 2020 is up 43.5% compared to sales 2019 of $2.3B. 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 3 projects are under construction.

VAIL/EAGLE COUNTY MARKET UPDATE

Item
2019
2020
% +/-
——————————————————————————————————————————————————————————————————
VELOCITY – Eagle County (Source – LTGC)
Item:
2019:
2020:
% +/- :
Commercial Sales Volume
$36.5M
$94.5M
159%
Item:
2019:
2020:
% +/- :
Commercial Transactions
113
248
119%
VELOCITY – Vail (Source – VBR)
Item:
2019:
2020:
% +/- :
Commercial Sales Volume
$24.7M
$30.4M
23%
Item:
2019:
2020:
% +/- :
Commercial Transactions
45
49
9%
SALES TAX INDICATORS:
Item:
2019:
2020:
% +/- :
Eagle County
$18.2M
$17.9M
-1.5%
Item:
2019:
2020:
% +/- :
Vail
$25M
$18.8M
-24%
Item:
2019:
2020:
% +/- :
Avon (8 months)
$5.8M
$5.5M
-5%
Item:
2019:
2020:
% +/- :
Eagle
$5.6M
$6.7M
19.6%
Item:
2019:
2020:
% +/- :
Gypsum
$5.8M
$6.3M
6%

RESIDENTIAL REAL ESTATE – Eagle County (Source – LTGC)
Item:
2019:
2020:
% +/- :
Residential Total Sales
$2.3B
$3.3B
43.5%
Item:
2019:
2020:
% +/- :
Transactions
2,019
2,572
27.4%
RESIDENTIAL REAL ESTATE – Vail (Source – VBR)
Item:
2019:
2020:
% +/- :
Residential Total Sales
$1.7B
$2.7B
59%
Item:
2019:
2020:
% +/- :
Transactions
1,357
1,748
29%
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 (3 projecta under construction)
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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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