Vail/Eagle County Market Update – January 2020

Posted on February 25, 2020 by Darren Nakos in Market Updates

vail/eagle county market update – august, marketupdate berkshirevail

Commercial Real Estate sales volume of $143.3M with 133 transactions in 2019 is down 23.4% compared to sales in 2018 of 183 transactions worth $187.1M. Residential Real Estate sales of $2.1B in 2019 is up 4.3% compared to sales in 2018 of $2B. New commercial real estate development projects include 4 apartment projects for 171 units in Vail, 3 apartment project in Avon for 340 units under construction, 2 apartment projects in Edwards for 500 units is in the approval process, 7 apartment projects in Eagle for 1,598 units of which 3 projects are under construction, 4 apartment projects in Gypsum for 1075 units of which 2 projects are under construction. There are a total of 20 apartment construction projects worth 3,684 units coming on to the market.

VAIL/EAGLE COUNTY MARKET UPDATE

Item
2018
2019
% +/-
——————————————————————————————————————————————————————————————————
VELOCITY – Eagle County (Source – LTGC)
Item:
2018:
2019:
% +/- :
Commercial Sales Volume
$187.1M
$143.3M
-23.4%
Item:
2018:
2019:
% +/- :
Commercial Transactions
183
133
-27.3%
VELOCITY – Vail (Source – VBR)
Item:
2018:
2019:
% +/- :
Commercial Sales Volume
$33.1M
$21.8M
33.8%
Item:
2018:
2019:
% +/- :
Commercial Transactions
66
39
-41%
SALES TAX INDICATORS:
Item:
2018:
2019:
% +/- :
Eagle County
$13.8M
$15.8M
14.5%
Item:
2018:
2019:
% +/- :
Vail
$27.9M
$29.3M
5.2%
Item:
2018:
2019:
% +/- :
Avon (11 Months Reported)
$7.2M
$7.6M
5.6%
Item:
2018:
2019:
% +/- :
Eagle (9 Months Reported)
3.6M
4M
10.7%
Item:
2018:
2019:
% +/- :
Gypsum
$5.2M
$5.8M
11.2%
RESIDENTIAL REAL ESTATE – Eagle County (Source – LTGC)
Item:
2018:
2019:
% +/- :
Residential Total Sales
$2B
$2.1B
4.3%
Item:
2018:
2019:
% +/- :
Transactions
1,777
1,790
1%
RESIDENTIAL REAL ESTATE – Vail (Source – VBR)
Item:
2018:
2019:
% +/- :
Residential Total Sales
$1.66B
$1.75B
5.4%
Item:
2018:
2019:
% +/- :
Transactions
1,353
1,351
0%
DEVELOPMENTS
  • 4 apartment projects for 171 units in Vail
  • 3 apartment project in Avon for 340 units under construction
  • 2 apartment projects in Edwards for 500 units is in the approval process
  • 7 apartment projects in Eagle for 1,598 units of which 3 projects are under construction
  • 4 apartment projects in Gypsum for 1075 units of which 2 projects are under construction
  • There are a total of 20 apartment construction projects worth 3,684 units coming on to the market
[gravityform id=”3″ title=”true” description=”true” ajax=”true”]

About The Author

darren nakos focuses on health care commercial real estate investments, multi-family development and commercial real estate brokerage, darrennakos

Darren Nakos is the Founder/Managing Broker for Recentric Realty 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.

Gunnison County Market Update – January 2020 Crested Butte Sotheby's International Realty logo, representing luxury real estate services in Colorado, relevant to commercial and residential market updates. Logo of Colorado Group Realty, featuring stylized "C" and text, relevant to Colorado real estate market updates and transactions. Steamboat Springs Market Update – January 2020