Vail Valley | Quarter 2, 2021
Colorado’s Vail Valley, which is home to world-class ski resorts Vail and Beaver Creek, is surrounded by more than two million acres of the White River National Forest and features charming town squares lined with cobblestone streets and Bavarian architecture, stunning mountain vistas, and gorgeous green meadows. The region oﬀers luxurious amenities including ﬁ ne dining, shopping, theatre and music. The Vail Valley is easily accessible to both Denver and Grand Junction while the Eagle County Regional Airport oﬀers daily direct ﬂights into the region from major U.S. cities. Boasting hundreds of miles of hiking and mountain biking trails, as well as gold medal ﬂ y ﬁ shing on the Gore Creek and Eagle River, the Vail Valley is a year-round destination that many have chosen to call home.
Real estate in the region has ﬂourished over the past year, with the overall number of property sales nearly doubling. During the height of the pandemic in 2020 buyers were hesitant to purchase property, now the opposite is the case with buyers clamoring to claim a piece of the Vail Valley as their own. And with more workers able to telecommute and venture farther from their city workplaces like never before, Vail Valley is reaping the beneﬁts. LIV Sotheby’s International Realty produces a Micro Market Report focused on the Eagle County market and its performance in the ﬁrst half of 2021 compared to the ﬁrst half of 2020.
January through June 2021 were productive months in Vail Valley real estate, with a 96.8% overall increase in sold listings compared to the same months in 2020. The biggest increases were seen in the Town of Vail, which sold 104% more properties this year than during the same time frame last year, Vail Golf, where property sales rose 300% over the ﬁrst half of 2020, and Beaver Creek, which realized an amazing 235.7% increase in property sales.
The average selling price of all types of properties also rose 21.4%, from $1,421,452 to $1,725,064 in the Vail Valley. Three neighborhoods experiencing the highest average price increases were Edwards-Lake Creek Valley, where prices rose 117.9%, Vail Golf, which saw an increase of 112.6%, and Arrowhead, which enjoyed a 71.7% increase from the ﬁrst half of 2020.