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Vail/Eagle County Market Update � August 2019

Commercial Real Estate sales volume of $62.1M with 67 transactions YTD in 2019 is down 19.1% compared to sales YTD in 2018 with 84 transactions worth $76.8M. Residential Real Estate sales for $992M YTD in 2019 is down 7.6% compared to sales YTD in 2018 of $1.1B. 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
Q2 2018
Q2 2019
% +/-
——————————————————————————————————————————————————————————————————
VELOCITY – Eagle County (Source � LTGC)
Item:
Q2 2018:
Q2 2019:
% +/- :
Commercial Sales Volume
$76.8M
$62.1M
-19.1%
Item:
Q2 2018:
Q2 2019:
% +/- :
Commercial Transactions
84
67
-20.2%
VELOCITY � Vail (Source � VBR)
Item:
Q2 2018:
Q2 2019:
% +/- :
Commercial Sales Volume
$22.8M
$13.3M
-42%
Item:
Q2 2018:
Q2 2019:
% +/- :
Commercial Transactions
14
16
14.3%
SALES TAX INDICATORS:
Item:
Q2 2018:
Q2 2019:
% +/- :
Eagle County
$7.1M
$7.8M
9.9%
Item:
Q2 2018:
Q2 2019:
% +/- :
Vail
$14M
$14.5M
3.6%
Item:
Q2 2018:
Q2 2019:
% +/- :
Avon
$3.6M
$1.6M
-56%
Item:
Q2 2018:
Q2 2019:
% +/- :
Eagle (January – March Only)
1.2M
1.2M
0%
Item:
Q2 2018:
Q2 2019:
% +/- :
Gypsum
$2.5M
$2.8M
12%

RESIDENTIAL REAL ESTATE � Eagle County (Source � LTGC)
Item:
Q2 2018:
Q2 2019:
% +/- :
Residential Total Sales
$1.1B
$992M
-7.6%
Item:
Q2 2018:
Q2 2019:
% +/- :
Transactions
1,000
865
-13.5%
RESIDENTIAL REAL ESTATE � Vail (Source � VBR)
Item:
Q2 2018:
Q2 2019:
% +/- :
Residential Total Sales
$816M
$748M
-8.3%
Item:
Q2 2018:
Q2 2019:
% +/- :
Transactions
614
571
-7.5%
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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