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Vail/Eagle County Market Update – September 2021

Commercial Real Estate sales volume of $78.3M with 101 transactions in Q2 2021 is up 1% compared to sales Q2 2020 with 54 transactions worth $77.7M. Residential Real Estate sales for $1.8B Q2 2021 is up 125.4% compared to sales Q2 2020 of $796M. 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 2020
Q2 2021
% +/-
——————————————————————————————————————————————————————————————————
VELOCITY – Eagle County (Source – LTGC)
Item:
Q2 2020:
Q2 2021:
% +/- :
Commercial Sales Volume
$77.7M
$78.3M
1%
Item:
Q2 2020:
Q2 2021:
% +/- :
Commercial Transactions
54
101
87%
VELOCITY – Vail (Source – VBR)
Item:
Q2 2020:
Q2 2021:
% +/- :
Commercial Sales Volume
$7.2M
$21.7M
202%
Item:
Q2 2020:
Q2 2021:
% +/- :
Commercial Transactions
18
30
66.6%
SALES TAX INDICATORS:
Item:
Q2 2020:
Q2 2021:
% +/- :
Eagle County
$9.5M
$11.8M
23.7%
Item:
Q2 2020:
Q2 2021:
% +/- :
Vail
$12.6M
$16.4M
30.3%
Item:
Q2 2020:
Q2 2021:
% +/- :
Avon (5 months)
$3.3M
$4.3M
28.7%
Item:
Q2 2020:
Q2 2021:
% +/- :
Eagle
N/A
N/A
Item:
Q2 2020:
Q2 2021:
% +/- :
Gypsum
$3.9M
$4.5M
15.9%

RESIDENTIAL REAL ESTATE – Eagle County (Source – LTGC)
Item:
Q2 2020:
Q2 2021:
% +/- :
Residential Total Sales
$795.5M
$1.8B
125.4%
Item:
Q2 2020:
Q2 2021:
% +/- :
Transactions
628
1,352
115.2%
RESIDENTIAL REAL ESTATE – Vail (Source – VBR)
Item:
Q2 2020:
Q2 2021:
% +/- :
Residential Total Sales
$589M
$1.4B
135.3%
Item:
Q2 2020:
Q2 2021:
% +/- :
Transactions
429
818
90.7%
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)

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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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