Vail/Eagle County Market Update – January 2020
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
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
- 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