Vail Valley | Mid-Year 2022
Colorado’s Vail Valley, which is home to world-class resorts Vail Mountain and Beaver Creek Resort, is surrounded by more than two million acres of the White River National Forest and features charming villages lined with cobblestone streets, Bavarian-inspired architecture, stunning mountain vistas, and gorgeous green meadows. In addition to the area’s endless adventures, the region offers luxurious amenities, including fine dining, shopping, theatre, and music. The Vail Valley is easily accessible along I-70, located under two hours away from Denver. Eagle County Regional Airport (EGE) is just a 30-minute drive to Beaver Creek and offers daily direct flights from major US cities. Boasting hundreds of miles of hiking and mountain bike trails, as well as gold medal fly fishing on the Gore Creek and Eagle River, the Vail Valley is a year-round destination that many have chosen, for good reason, to call home.
The coveted nature of this iconic area has driven real estate numbers to record-breaking levels in recent years. Every quarter, LIV Sotheby's International Realty produces a Micro Market Report focused on the Vail Valley’s market performance, which spans from Vail to Gypsum. For quarter two, this micro market report provides a year-over-year comparison of the first six months of 2021 compared to the first six months of 2022, analyzing January through June. Year over year, the Vail Valley saw a slight decline in the number of listings sold from 800 during the first six months of 2021 to 612 in 2022. While the number of listings sold declined, the average sold price did not, with the area seeing a 25.1% increase. This increase in appreciation value proves that the attraction of Vail remains strong despite limited inventory.
Throughout the scenic Vail Valley, the average price to call this area home during quarter two was $2,156,860. In fact, in the Town of Vail the average sold price increased 43.4% to $3,541,943 compared to January through June of 2021. While prices increased throughout the Vail Valley, the time that inventory remained on the market did not. Listings lasted an average of 29 days on market, with the first two quarters of 2022 seeing a 68.1% increase in market speed.