Commercial Property for Sale | Vail/Eagle County Market Update

Vail/Eagle County Market Update – January 2020

Posted on February 25, 2020 by Darren Nakos in Market Updates

Commercial Real Estate sales volume of $143.3M with 133 transactions in 2019 is down 23.4% compared to sales in 2018 of 183 transactions worth $187.1M. Residential Real Estate sales of $2.1B in 2019 is up 4.3% compared to sales in 2018 of $2B. New commercial real estate development projects include 4 apartment projects for 171 units in Vail, 3 apartment project in Avon for 340 units under construction, 2 apartment projects in Edwards for 500 units is in the approval process, 7 apartment projects in Eagle for 1,598 units of which 3 projects are under construction, 4 apartment projects in Gypsum for 1075 units of which 2 projects are under construction. There are a total of 20 apartment construction projects worth 3,684 units coming on to the market.

VAIL/EAGLE COUNTY MARKET UPDATE

Item

2018

2019

% +/-

——————————————————————————————————————————————————————————————————

VELOCITY – Eagle County (Source – LTGC)

Item:

2018:

2019:

% +/- :

Commercial Sales Volume

$187.1M

$143.3M

-23.4%

Item:

2018:

2019:

% +/- :

Commercial Transactions

183

133

-27.3%

VELOCITY – Vail (Source – VBR)

Item:

2018:

2019:

% +/- :

Commercial Sales Volume

$33.1M

$21.8M

33.8%

Item:

2018:

2019:

% +/- :

Commercial Transactions

-41%

SALES TAX INDICATORS:

Item:

2018:

2019:

% +/- :

Eagle County

$13.8M

$15.8M

14.5%

Item:

2018:

2019:

% +/- :

Vail

$27.9M

$29.3M

5.2%

Item:

2018:

2019:

% +/- :

Avon (11 Months Reported)

$7.2M

$7.6M

5.6%

Item:

2018:

2019:

% +/- :

Eagle (9 Months Reported)

3.6M

10.7%

Item:

2018:

2019:

% +/- :

Gypsum

$5.2M

$5.8M

11.2%

RESIDENTIAL REAL ESTATE – Eagle County (Source – LTGC)

Item:

2018:

2019:

% +/- :

Residential Total Sales

$2B

$2.1B

4.3%

Item:

2018:

2019:

% +/- :

Transactions

1,777

1,790

RESIDENTIAL REAL ESTATE – Vail (Source – VBR)

Item:

2018:

2019:

% +/- :

Residential Total Sales

$1.66B

$1.75B

5.4%

Item:

2018:

2019:

% +/- :

Transactions

1,353

1,351

DEVELOPMENTS

4 apartment projects for 171 units in Vail
3 apartment project in Avon for 340 units under construction
2 apartment projects in Edwards for 500 units is in the approval process
7 apartment projects in Eagle for 1,598 units of which 3 projects are under construction
4 apartment projects in Gypsum for 1075 units of which 2 projects are under construction
There are a total of 20 apartment construction projects worth 3,684 units coming on to the market

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