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Vail/Eagle County Market Update � November 2019

Commercial Real Estate sales volume of $105.3M with 105 transactions YTD in 2019 is down 18.9% compared to sales YTD in 2018 with 127 transactions worth $129.8M. Residential Real Estate sales for $1.6B YTD in 2019 is up 14% compared to sales YTD in 2018 of $1.4B. New commercial real estate development projects include 4 apartment projects for 171 units in Vail, 1 apartment project in Avon for 81 units under construction, 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 1075 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
Q3 2018 YTD
Q3 2019 YTD
% +/-
——————————————————————————————————————————————————————————————————
VELOCITY – Eagle County (Source � LTGC)
Item:
Q3 2018 YTD:
Q3 2019 YTD:
% +/- :
Commercial Sales Volume
$129.8M
$105.3M
-18.9%
Item:
Q3 2018 YTD:
Q3 2019 YTD:
% +/- :
Commercial Transactions
127
105
-17.3%
VELOCITY � Vail (Source � VBR)
Item:
Q3 2018 YTD:
Q3 2019 YTD:
% +/- :
Commercial Sales Volume
$22.8M
$28.1M
23.2%
Item:
Q3 2018 YTD:
Q3 2019 YTD:
% +/- :
Commercial Transactions
52
52
0%
SALES TAX INDICATORS:
Item:
Q3 2018 YTD:
Q3 2019 YTD:
% +/- :
Eagle County (8 Months Reported)
$11M
$12M
9%
Item:
Q3 2018 YTD:
Q3 2019 YTD:
% +/- :
Vail (9 Months Reported)
$21.2M
$22.5M
6.1%
Item:
Q3 2018 YTD:
Q3 2019 YTD:
% +/- :
Avon (8 Months Reported)
$5.5M
$5.8M
5.4%
Item:
Q3 2018 YTD:
Q3 2019 YTD:
% +/- :
Eagle (January – March Only)
1.2M
1.2M
0%
Item:
Q3 2018 YTD:
Q3 2019 YTD:
% +/- :
Gypsum (8 Months Reported)
$4M
$4.4M
10%

RESIDENTIAL REAL ESTATE � Eagle County (Source � LTGC)
Item:
Q3 2018 YTD:
Q3 2019 YTD:
% +/- :
Residential Total Sales
$1.4B
$1.6B
14%
Item:
Q3 2018 YTD:
Q3 2019 YTD:
% +/- :
Transactions
1,000
865
-13.5%
RESIDENTIAL REAL ESTATE � Vail (Source � VBR)
Item:
Q3 2018 YTD:
Q3 2019 YTD:
% +/- :
Residential Total Sales
$1.2B
$1.2B
0%
Item:
Q3 2018 YTD:
Q3 2019 YTD:
% +/- :
Transactions
992
979
-1.3%
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
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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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