Vail/Eagle County Market Update – September 2020
Commercial Real Estate sales volume of $62.1M with 67 transactions YTD in 2020 is up 25.1% compared to sales YTD in 2019 with 54 transactions worth $77.7M. Residential Real Estate sales for $795.5M YTD in 2020 is down 17.3% compared to sales YTD in 2019 of $962.3M. 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 2019
Q2 2020
% +/-
——————————————————————————————————————————————————————————————————
VELOCITY – Eagle County (Source – LTGC)
Item:
Q2 2019:
Q2 2020:
% +/- :
Commercial Sales Volume
$62.1M
$77.7M
25.1%
Item:
Q2 2019:
Q2 2020:
% +/- :
Commercial Transactions
67
54
-19.4%
VELOCITY – Vail (Source – VBR)
Item:
Q2 2019:
Q2 2020:
% +/- :
Commercial Sales Volume
$14.4M
$7.2M
-50%
Item:
Q2 2019:
Q2 2020:
% +/- :
Commercial Transactions
20
18
-10%
SALES TAX INDICATORS:
Item:
Q2 2019:
Q2 2020:
% +/- :
Eagle County
$9M
$8.5M
-5%
Item:
Q2 2019:
Q2 2020:
% +/- :
Vail
$16.3M
$12.5M
-23.2%
Item:
Q2 2019:
Q2 2020:
% +/- :
Avon
$3.9M
$4.1M
43%
Item:
Q2 2019:
Q2 2020:
% +/- :
Eagle (January – March Only)
1.2M
1.5M
25.2%
Item:
Q2 2019:
Q2 2020:
% +/- :
Gypsum
$2.8M
$3M
6%
RESIDENTIAL REAL ESTATE – Eagle County (Source – LTGC)
Item:
Q2 2019:
Q2 2020:
% +/- :
Residential Total Sales
$962.3M
$795.5M
-17.3%
Item:
Q2 2019:
Q2 2020:
% +/- :
Transactions
865
628
-27.4%
RESIDENTIAL REAL ESTATE – Vail (Source – VBR)
Item:
Q2 2019:
Q2 2020:
% +/- :
Residential Total Sales
$747M
$700M
-10.3%
Item:
Q2 2019:
Q2 2020:
% +/- :
Transactions
566
398
-29.7%
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)
