News

Check out market updates

Vail/Eagle County Market Update – September 2020

Commercial Real Estate sales volume of $62.1M with 67 transactions YTD in 2020 is up 25.1% compared to sales YTD in 2019 with 54 transactions worth $77.7M. Residential Real Estate sales for $795.5M YTD in 2020 is down 17.3% compared to sales YTD in 2019 of $962.3M. 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 3 projects are under construction.

VAIL/EAGLE COUNTY MARKET UPDATE

Item
Q2 2019
Q2 2020
% +/-
——————————————————————————————————————————————————————————————————
VELOCITY – Eagle County (Source – LTGC)
Item:
Q2 2019:
Q2 2020:
% +/- :
Commercial Sales Volume
$62.1M
$77.7M
25.1%
Item:
Q2 2019:
Q2 2020:
% +/- :
Commercial Transactions
67
54
-19.4%
VELOCITY – Vail (Source – VBR)
Item:
Q2 2019:
Q2 2020:
% +/- :
Commercial Sales Volume
$14.4M
$7.2M
-50%
Item:
Q2 2019:
Q2 2020:
% +/- :
Commercial Transactions
20
18
-10%
SALES TAX INDICATORS:
Item:
Q2 2019:
Q2 2020:
% +/- :
Eagle County
$9M
$8.5M
-5%
Item:
Q2 2019:
Q2 2020:
% +/- :
Vail
$16.3M
$12.5M
-23.2%
Item:
Q2 2019:
Q2 2020:
% +/- :
Avon
$3.9M
$4.1M
43%
Item:
Q2 2019:
Q2 2020:
% +/- :
Eagle (January – March Only)
1.2M
1.5M
25.2%
Item:
Q2 2019:
Q2 2020:
% +/- :
Gypsum
$2.8M
$3M
6%

RESIDENTIAL REAL ESTATE – Eagle County (Source – LTGC)
Item:
Q2 2019:
Q2 2020:
% +/- :
Residential Total Sales
$962.3M
$795.5M
-17.3%
Item:
Q2 2019:
Q2 2020:
% +/- :
Transactions
865
628
-27.4%
RESIDENTIAL REAL ESTATE – Vail (Source – VBR)
Item:
Q2 2019:
Q2 2020:
% +/- :
Residential Total Sales
$747M
$700M
-10.3%
Item:
Q2 2019:
Q2 2020:
% +/- :
Transactions
566
398
-29.7%
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 (3 projecta under construction)

Signup for FREE Market Report

About The Author

Mike Budd, Berkshire Hathaway Home Services

Mike Budd’s tenure in the Vail Valley has allowed him to watch the growth and development that makes Vail the greatest resort area in the world. He offers his clients a unique perspective when professionally marketing their commercial property or working through the entitlement and sales process for real estate development in the Vail Valley area.