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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
66
39
-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
4M
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
1%
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
0%
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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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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