Vail/Eagle County Market Update � January 2019
Commercial Real Estate sales volume of $187.1M with 183 transactions in 2018 is down 41% compared to sales in 2017 with 154 transactions worth $318M with the decrease in 2018 due to $145M commercial sale of a hotel in 2017. Residential Real Estate sales for $1.9B YTD in 2018 are slightly up by 4.5% compared to sales in 2017 of $1.8B. Sales Taxes in Eagle County are up 6% in 2018 compared to taxes collected in 2017. New commercial real estate development projects include 4 apartment projects for 171 units in Vail, 1 apartment project in Avon for 81 approved units, 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 1077 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
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 (1 project under construction)
- Total � 19 projects with 3,153 units
