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
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 (3 projecta under construction)