THE SLIFER REPORT

VAILREALESTATE.COM

THE SLIFER REPORTVAIL VALLEY REAL ESTATE2017 SIX-MONTH REVIEW

TABLE OF CONTENTS

Introduction................................................................3

Company Performance ..........................................4

Vail Valley at a Glance ........................................ 5-6

Eagle County Six Month Comparisons ..................7

EAST >>> WEST

Vail Village & Lionshead .........................................8

Vail Golf Course, Spraddle Creek & Cascade Village ..................................................9

Vail - All Other Areas ...........................................10

EagleVail ............................................................... 11

Avon & Wildridge ................................................ 12

Mountain Star ...................................................... 13

Beaver Creek Village ............................................ 14

Bachelor Gulch Village ......................................... 15

Arrowhead Village ............................................... 16

Edwards, Homestead & Lake Creek Valley .............................................17

Singletree ............................................................. 18

Cordillera, Cordillera Valley Club & Timber Springs .................................................19

Wolcott, Bellyache Ridge & Red Sky Ranch ..................................................20

Eagle & Eagle Ranch ............................................21

Gypsum, Cotton Ranch & Gypsum Valley Brightwater Club .........................22

Vail Valley Land Overview ....................................23

Online Tools - Real Time Alerts ...........................24

Global Reach ........................................................25

SSF Information & Office Listings ........................26

3

*Source: Land Title Guarantee June 2017 – Market Analysis

**Source: Vail Board of Realtors, Multiple Listing Service – Residential & Land Sales

The Eagle County real estate market continued to exhibit strong momentum at the close of the second quarter of

2017. According to the Land Title Guarantee Market Analysis Report, Eagle County real estate sales surpassed $1

billion in the fi rst 6 months of 2017 for the fi rst time since 2008.* This was an increase of 47% over last year. From

January to June, there were 699 residential & land closings totaling $784.3 million in sales volume. This represented a 10%

increase in transactions and 36% jump in sales volume compared to 2016, setting the stage for an active summer and fall.

The notable increase in dollar volume is largely a result of a resurgence in the luxury niche of our market, where we have

witnessed some landmark transactions in Vail, Beaver Creek and Bachelor Gulch. As of June 30, sales of properties priced

$5M and greater had jumped from 9 transactions in 2016 to 24 this year. We anticipate this kind of activity will continue

through the fall, based on current showing activity.

That being said, the luxury market is not the only segment seeing large increases this year. Single family/duplex sales

in the Edwards/Homestead/Lake Creek Valley are up 114% with 15 sales compared to 7 in the fi rst six months of 2016.

The Cordillera market saw similar increases with 24 single family homes selling between January and June of this year,

compared to 13 during the same time in 2016. This represents an 84% increase over last year. The Down Valley markets of

Eagle and Gypsum remain strong with a combined total of 96 single family/duplex transactions and 43 townhome/condo

sales in the fi rst 6 months of 2017. With demand remaining steady and inventory still low in most segments of the market,

we expect to experience similar upward momentum in the second half of the year.**

Slifer Smith & Frampton Real Estate continues to be the market leader in Eagle County, outpacing our closest competitor

by over $490 million in sales volume. We are proud of this achievement, as it is a result of helping our clients successfully

fulfi ll their dreams of owning a home in the Vail Valley.

We hope you enjoy reviewing this comprehensive real estate market report and that it will prove to be of value, especially

if you are considering buying or selling over the coming year. Please contact your Slifer Smith & Frampton Real Estate

broker for more information or stop by one of our 19 convenient offi ce locations in Eagle County.

Best Regards,

John P feifferJohn Pfeiffer

President & Managing Broker

Slifer Smith & Frampton Real Estate

*Source: Land Title Guarantee June 2017 – Market Analysis**Source: Vail Board of Realtors, Multiple Listing Service – Residential & Land Sales

2017 SIX MONTH SLIFER REPORT

4

$0.0

$200.0

$400.0

$600.0

EUSTAQUIO

CORTINA R

E

RON BYRNE

& ASS

OCIATE

S

CHRISTI

ANIA

REALTY SSF

MILLIO

NS

$18.4

ENGEL &

VOLKERS

KELLER

WILL

IAM

S

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CADMUS

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$21.2$18.7$46.8 $54.4

$226.3$195.3

$26.5 $29.8

$718.4MILLION

Slifer Smith & Frampton Real Estate has a 54-year local perspective and over 100 seasoned Vail Valley real estate brokers. Whether you are maximizing exposure to sell your home or seeking the best values in

our resort market, clients across the globe trust the Vail Valley’s leading real estate company.

*Data gathered is from Land and Residential sales from 1.1.17 through 6.30.2017 Source of all data is the Vail Board of Realtors, Multiple Listing Service. Information is deemed reliable but not guaranteed.

LOCAL BRAND,LOCAL LEADERS.

SLIFER SMITH & FRAMPTON MARKET SHARE*

VAILREALESTATE.COM


6

REAL ESTATE OFFICESVILLAGES OF BEAVER CREEK | 8 locations

Arrowhead | 160 Cresta Rd | 970.926.3000

Bachelor Gulch Village | 130 Daybreak Ridge, The Ritz-Carlton® | 970.845.2300

Highlands Lodge | 15 Highlands Ln | 970.845.9403

Park Hyatt Promenade | 148 Beaver Creek Plaza, adjacent to ice rink | 970.845.9400

Park Hyatt Lobby | 148 Beaver Creek Plaza | 970.845.3836

St James Place | 210 Offerson Rd | 970.845.9900

The Charter | 120 Offerson Rd | 970.845.3815

Vacation Ownership Offi ce | 46 Avondale Ln | 970.949.5811

EAGLE

Eagle Ranch | 1143 Capitol St | 970.328.2550

>>>

WWW.VAILREALESTATE.COM

We live here,we work here,we play here.

Find your place at:

EAGLECOUNTYAIRPORT

GOLF COMMUNITY

SSF OFFICES

SKI RESORT North

Avon &Wildridge

MountainStar

Eagle

Eagle Ranch

Frost Creek

Red Sky Ranch

Gypsum Edwards

Singletree

ArrowheadLake Creek

BachelorGulch

EagleVail

Vail VillageLionsheadWest Vail

East Vail

CordilleraValley Club

Cordillera

Wolcott& Bellyache Ridge

Beaver CreekMinturn

70

70

Data represents January 1–June 30 for all years. Source of all data contained in this report is the Vail Board of Realtors, Multiple Listing Service. Information is deemed reliable but not guaranteed. Consult your Slifer Smith & Frampton Broker for more information. ©2017 Slifer Smith & Frampton Real Estate


77

EAGLE COUNT Y | 5 -YEAR COMPARISON

400

500

600

700

TRANSACTION VOLUME COMPARISON | JANUARY-JUNE

541

2013

546

2014

588

2015

628

2016

699

2017

NU

MB

ER

OF

TRA

NSA

CTI

ON

S

$400.0

$500.0

$600.0

$700.0

$800.0

MIL

LIO

NS

SALES VOLUME COMPARISON | JANUARY-JUNE

$453.7

2013

$633.7

2014

$660.4

2015

$572.8

2016

$784.3

2017



8

SINGLE-FAMILY/DUPLEX CONDOMINIUM/TOWNHOME

2015 2016 2017 2015 2016 2017

AVERAGE $1,759 $0 $2,178 AVERAGE $1,550 $1,464 $1,557

PRICE PER SQUARE FOOT COMPARISON


AVERAGE OF SALE PRICE/LAST LISTED PRICE: 89.20% AVERAGE OF SALE PRICE/LAST LISTED PRICE: 91.88%

SALE PRICE VS L IST PR ICE

SALES VOLUME NO. OF SALES AVERAGE DAYS ON MARKET AVERAGE SALE MEDIAN SALE

2015 $69,095,000 7 317 $9,870,714 $9,400,000

2016 $0 0 0 $0 $0

2017 $48,925,000 3 551 $16,308,333 $13,500,000

SINGLE-FAMILY/DUPLEX


2015 $114,472,208 47 388 $2,435,579 $1,760,000

2016 $77,636,467 32 504 $2,426,140 $2,150,000

2017 $117,777,998 39 456 $3,019,949 $2,300,000

CONDOMINIUM/ TOWNHOME

VAIL VILLAGE & LIONSHEAD



9


2015 2016 2017 2015 2016 2017

AVERAGE $643 $949 $963 AVERAGE $697 $770 $843






2015 $4,600,000 2 895 $2,300,000 $2,300,000

2016 $13,545,000 4 649 $3,386,250 $3,622,500

2017 $31,497,000 9 220 $3,499,667 $3,200,000



2015 $7,390,000 6 53 $1,231,667 $1,442,500

2016 $15,713,000 11 300 $1,428,455 $1,360,000

2017 N/A 8 195 $1,582,750 N/A


VAIL GOLF COURSE, SPRADDLE CREEK & CASCADE VILLAGE



10


2015 2016 2017 2015 2016 2017

AVERAGE $542 $498 $591 AVERAGE $465 $470 $505






2015 $50,011,300 26 212 $1,923,512 $1,610,900

2016 $45,086,375 32 175 $1,408,949 $1,259,000

2017 $51,080,050 25 148 $2,043,202 $1,855,000



2015 $18,915,500 34 83 $556,338 $567,000

2016 $24,637,480 40 133 $615,937 $566,250

2017 $30,938,675 47 70 $658,270 $580,000


VAIL – ALL OTHER AREAS



11


2015 2016 2017 2015 2016 2017

AVERAGE $247 $299 $336 AVERAGE $299 $318 $310






2015 $6,652,000 9 143 $739,111 $750,000

2016 $7,030,375 9 47 $781,153 $682,375

2017 $13,458,000 15 107 $897,200 $740,000



2015 $6,195,950 16 70 $387,247 $351,250

2016 $10,391,900 23 40 $451,822 $440,000

2017 $7,586,000 17 33 $446,235 $445,000


EAGLE-VAIL



12


2015 2016 2017 2015 2016 2017

AVERAGE $280 $322 $327 AVERAGE $351 $433 $446






2015 $11,159,750 12 221 $929,979 $761,000

2016 $7,238,500 8 189 $904,813 $765,000

2017 $15,893,750 12 156 $1,324,479 $915,625



2015 $16,343,370 39 102 $419,061 $335,000

2016 $37,584,131 69 128 $544,698 $435,000

2017 $27,677,453 61 102 $453,729 $355,000


AVON & WILDRIDGE



13


2015 2016 2017

AVERAGE $694 $521 $0



AVERAGE OF SALE PRICE/LAST LISTED PRICE: 0.00%



2015 $10,795,000 2 487 $5,397,500 $5,379,500

2016 $3,450,000 1 250 $3,450,000 $3,450,000

2017 $0 0 0 $0 $0


MOUNTAIN STAR



14

BEAVER CREEK VILLAGE


2015 2016 2017 2015 2016 2017

AVERAGE $750 $661 $887 AVERAGE $679 $733 $767






2015 $46,500,000 9 405 $5,166,667 $5,120,000

2016 $13,820,000 4 236 $3,455,000 $1,935,000

2017 $38,855,000 7 265 $5,550,714 $5,300,000



2015 $46,394,900 36 233 $1,288,747 $975,000

2016 $52,332,500 32 283 $1,635,391 $1,168,750

2017 $62,661,900 40 253 $1,566,548 $1,162,500




15


2015 2016 2017 2015 2016 2017

AVERAGE $974 $838 $1,049 AVERAGE $864 $858 $919






2015 $19,697,500 2 622 $9,848,750 $9,848,750

2016 $26,570,375 5 393 $5,314,075 $4,800,000

2017 $49,720,000 6 174 $8,286,667 $7,947,500



2015 $22,463,900 17 97 $1,321,406 $1,179,900

2016 $18,083,600 10 273 $1,808,360 $1,900,000

2017 $18,912,500 9 426 $2,101,389 $1,950,000


BACHELOR GULCH VILLAGE



16


2015 2016 2017 2015 2016 2017

AVERAGE $505 $556 $521 AVERAGE $570 $549 $580






2015 $30,867,500 13 207 $2,374,423 $1,950,000

2016 $21,430,000 9 163 $2,381,111 $2,150,000

2017 $20,731,875 10 173 $2,073,188 $1,965,500



2015 $14,531,075 16 168 $908,192 $770,000

2016 $11,464,200 10 140 $1,146,420 $1,142,100

2017 $9,695,000 11 66 $881,364 $695,000


ARROWHEAD VILLAGE



17


2015 2016 2017 2015 2016 2017

AVERAGE $262 $292 $370 AVERAGE $264 $303 $368






2015 $8,280,866 7 339 $1,182,981 $870,500

2016 $11,065,000 7 243 $1,580,714 $912,000

2017 $21,782,500 15 167 $1,452,167 $1,050,000



2015 $10,743,500 27 62 $397,907 $400,000

2016 $16,964,500 40 72 $424,113 $391,000

2017 $16,810,900 38 32 $442,392 $395,000


EDWARDS, HOMESTEAD & LAKE CREEK VALLEY



18


2015 2016 2017 2015 2016 2017

AVERAGE $305 $319 $373 AVERAGE $283 $338 $374






2015 $15,173,725 17 149 $892,572 $799,000

2016 $25,139,500 22 177 $1,142,705 $1,020,000

2017 $17,741,000 16 159 $1,108,812 $967,500



2015 $377,500 1 32 $377,500 $377,500

2016 $3,011,500 5 59 $602,300 $590,000

2017 $924,000 2 63 $462,000 $462,000


SINGLETREE



19


2015 2016 2017

AVERAGE $282 $311 $326






2015 $29,707,900 16 405 $1,856,744 $1,650,000

2016 $21,334,800 13 268 $1,641,138 $1,480,000

2017 $40,837,000 24 378 $1,701,542 $1,725,000


CORDILLERA, CORDILLERA VALLEY CLUB & TIMBER SPRINGS



20

WOLCOTT, BELLYACHE RIDGE & RED SKY RANCH


2015 2016 2017

AVERAGE $227 $301 $328






2015 $2,845,000 2 387 $1,422,500 $1,422,500

2016 $5,801,000 4 184 $1,450,250 $1,183,750

2017 $4,427,000 4 218 $1,106,750 $920,000




21


2015 2016 2017 2015 2016 2017

AVERAGE $188 $196 $220 AVERAGE $196 $220 $248




SALE PRICE VS L IST PR ICE COMPARISON


2015 $27,847,440 43 152 $647,615 $573,000

2016 $26,631,134 39 86 $682,850 $615,000

2017 $28,982,451 45 102 $644,054 $580,000



2015 $6,854,700 23 51 $298,030 $285,000

2016 $12,101,534 38 75 $318,461 $295,500

2017 $10,153,309 28 44 $362,618 $345,000


EAGLE & EAGLE RANCH



22


2015 2016 2017 2015 2016 2017

AVERAGE $177 $198 $219 AVERAGE $161 $186 $184




SALE PRICE VS L IST PR ICE COMPARISON


2015 $18,136,885 45 66 $403,042 $385,000

2016 $16,030,373 40 78 $400,759 $400,750

2017 $22,339,892 51 68 $438,037 $415,000



2015 $1,262,000 5 22 $252,400 $255,000

2016 $2,719,327 11 61 $247,212 $239,000

2017 $3,535,500 15 34 $235,700 $238,000


GYPSUM, COTTON RANCH & GYPSUM VALLEY BRIGHTWATER CLUB



23

2017 SIX MONTH | VAIL VALLEY L AND OVERVIEW

$0.0

$10.0

$20.0

$30.0

$40.0

MIL

LIO

NS

2013 2014 2015 2016 2017

$15

$28.2 $29$31.3

$12.5

SALES VOLUME COMPARISON

40

50

60

70

80

NU

MB

ER

OF

TRA

NSA

CTI

ON

S

TRANSACTION VOLUME COMPARISON

60 60

70

56

79

2013 2014 2015 2016 2017


24

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25

We live here, we work here, we play here. Find your place at the ALL NEW:

VAILREALESTATE.COM18 OFFICES | OVER 100 BROKERS

Helping People LIVE LOCAL for Over 50 Years

LOCALCOMPANY,GLOBALREACH.

Our international organization produced more home sales volume than any national real estate network. Being part of the global economy goes far beyond technology; it requires the human touch. We are proud to belong to the global network whose name says it all - Leading Real Estate Companies of the World. Only the best of the best are part of this collection. Wherever you go, the Leading Real Estate Companies of the World logo is a symbol of the finest local real estate professionals.

500FIRMS

40COUNTRIES

120,000ASSOCIATES

BIL

LIO

NS

$62 BILLION MORE U.S. HOME SALES VOLUMEIN 2016 THAN OUR CLOSEST COMPETITOR

$0

$50

$100

$150

$200

$250

$300

$350 $368B

$306B

$260B

$225B

$150B

$127B

$68B

SLIFER SMITH

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ompanies of the W

orldRE/M

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Actual member statistics for LeadingRE and estimates for other networks using average sales units per agent and average sales price for firms in each respective network from published sources for

2016 production.

Sources: REAL Trends National Network 2016 Totals Final Report.

SLIFER SMITH & FRAMPTON REAL ESTATE OFFICES

FOR FURTHER REAL ESTATE MARKET INFORMATION PLEASE VISIT US AT THE FOLLOWING LOCATIONS THROUGHOUT THE VAIL VALLEY:

VA IL230 Bridge Street970.476.2421

281 Bridge Street970.479.5777

Solaris970.477.5720

Lionshead970.479.0245

Four Seasons970.479.0245

AVONBenchmark Office970.845.2000

Mountain Star 970.748.5545

The Westin Riverfront970.748.5420

CORDILLER AThe Divide 970.926.3505

The Summit970.926.6752

VILL AGES OF BE AVER CREEK Arrowhead970.926.3000

Bachelor Gulch Village970.845.2300

Highlands Lodge970.845.9403

Park Hyatt Promenade and Lobby970.845.9400

St. James Place970.845.9900

The Charter970.845.3815

Vacation Ownership Office970.949.5811

E AGLEEagle Ranch970.328.2550

VAILREALESTATE.COM

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