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Vail/Eagle County Market Update � November 2018

Commercial Real Estate sales volume of $85.8M with 117 transactions YTD in 2018 is down significantly 62% compared to sales January-October 2017 with 154 transactions worth $318M. Residential Real Estate sales for $1,505.5M YTD in 2018 are slightly up by 5% compared to sales January-October 2017 of $1,440M. Sales Taxes in Eagle County are up 6% YTD compared to taxes collected January-October 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

Item
2017 YTD
2018 YTD
% +/-
——————————————————————————————————————————————————————————————————
VELOCITY – Eagle County (Source � LTGC)
Item :
2017 YTD :
2018 YTD :
% +/- :
Commercial Sales Volume
$318,850,000
$85,880,000
-62%
Item :
2017 YTD :
2018 YTD :
% +/- :
Commercial Transactions
154
117
-24%
VELOCITY � Vail (Source � VBR)
Item :
2017 YTD :
2018 YTD :
% +/- :
Commercial Sales Volume
$29,837,000
$28,082,000
-6%
Item :
2017 YTD :
2018 YTD :
% +/- :
Commercial Transactions
44
52
18%
SALES TAX INDICATORS:
Item :
2017 YTD :
2018 YTD :
% +/- :
Eagle County
$12,823,000
$13,552,000
5.6%
Item :
2017 YTD :
2018 YTD :
% +/- :
Vail
$13,107,000
$13,470,000
2.7%
Item :
2017 YTD :
2018 YTD :
% +/- :
Avon
$3,981,000
$4,199,000
5.4%
Item :
2017 YTD :
2018 YTD :
% +/- :
Eagle
$2,110,000
$2,337,000
10.7%
Item :
2017 YTD :
2018 YTD :
% +/- :
Gypsum
$3,800,000
$4,000,000
5.2%
Item :
2017 YTD :
2018 YTD :
% +/- :
Total
$42,675,000
$45,404,000
6%
RESIDENTIAL REAL ESTATE � Eagle County (Source � LTGC)
Item :
2017 YTD :
2018 YTD :
% +/- :
Residential Total Sales
$1,440,023,930
$1,505,547,986
5%
Item :
2017 YTD :
2018 YTD :
% +/- :
Transactions
1,369
1,369
0%
RESIDENTIAL REAL ESTATE � Vail (Source � VBR)
Item :
2017 YTD :
2018 YTD :
% +/- :
Residential Total Sales
$1,149,000,000
$1,229,000,000
7%
Item :
2017 YTD :
2018 YTD :
% +/- :
Transactions
1,007
992
-1%
DEVELOPMENTS
  • Vail � 4 projects with 171 units
  • Avon � 1 project with 81 units
  • 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

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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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