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Vail/Eagle County Market Update – December 2020

Commercial Real Estate sales volume of $94M with 84 transactions YTD in 2020 is down 6.9% compared to sales YTD in 2019 with 101 transactions worth $101M. Residential Real Estate sales for $2B YTD in 2020 is up 26.2% compared to sales YTD in 2019 of $1.6B. 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
Q3 2019
Q3 2020
% +/-
——————————————————————————————————————————————————————————————————
VELOCITY – Eagle County (Source – LTGC)
Item:
Q3 2019:
Q3 2020:
% +/- :
Commercial Sales Volume
$101M
$94M
-6.9%
Item:
Q3 2019:
Q3 2020:
% +/- :
Commercial Transactions
101
84
-16.8%
VELOCITY – Vail (Source – VBR)
Item:
Q3 2019:
Q3 2020:
% +/- :
Commercial Sales Volume
$14.4M
$7.2M
-50%
Item:
Q3 2019:
Q3 2020:
% +/- :
Commercial Transactions
20
18
-10%
SALES TAX INDICATORS:
Item:
Q3 2019:
Q3 2020:
% +/- :
Eagle County
$13.3M
$13.1M
-1.7%
Item:
Q3 2019:
Q3 2020:
% +/- :
Vail
$22.6M
$18.5M
-18%
Item:
Q3 2019:
Q3 2020:
% +/- :
Avon (8 Months)
$5.7M
$5.5M
-3.5%
Item:
Q3 2019:
Q3 2020:
% +/- :
Eagle (January – June Only)
1.5M
2.1M
40%
Item:
Q3 2019:
Q3 2020:
% +/- :
Gypsum
$4.4M
$4.9M
11.4%

RESIDENTIAL REAL ESTATE – Eagle County (Source – LTGC)
Item:
Q3 2019:
Q3 2020:
% +/- :
Residential Total Sales
$1.6B
$2B
26.2%
Item:
Q3 2019:
Q3 2020:
% +/- :
Transactions
1,457
1,505
3.3%
RESIDENTIAL REAL ESTATE – Vail (Source – VBR)
Item:
Q3 2019:
Q3 2020:
% +/- :
Residential Total Sales
$1.3B
$1.7B
30.6%
Item:
Q3 2019:
Q3 2020:
% +/- :
Transactions
1,025
1,064
3.8%
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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