THE SLIFER REPORT VAIL VALLEY REAL ESTATE 2017 SIX-MONTH REVIEW

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1 THE SLIFER REPORT VAIL VALLEY REAL ESTATE 2017 SIX-MONTH REVIEW VAILREALESTATE.COM

2 TABLE OF CONTENTS Introduction...3 Company Performance...4 Vail Valley at a Glance 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 Avon & Wildridge Mountain Star Beaver Creek Village Bachelor Gulch Village Arrowhead Village Edwards, Homestead & Lake Creek Valley...17 Singletree 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 The Eagle County real estate market continued to exhibit strong momentum at the close of the second quarter of According to the Land Title Guarantee Market Analysis Report, Eagle County real estate sales surpassed $1 billion in the first 6 months of 2017 for the first 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 first six months of 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 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 first 6 months of 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 fulfill 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 office locations in Eagle County. Best Regards, John P feiffer John 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 3

4 LOCAL BRAND, LOCAL LEADERS. $718.4 MILLION SLIFER SMITH & FRAMPT SHARE * $600.0 $400.0 $195.3 $226.3 $200.0 $18.4 COLDWELL BANKER $18.7 BRANDESS CADMUS $21.2 CHRISTIANIA REALTY $26.5 $29.8 RON BYRNE & ASSOCIATES EUSTAQUIO CORTINA RE $46.8 $54.4 ENGEL & VOLKERS KELLER WILLIAMS BERKSHIRE HATHAWAY LIV SOTHEBY S SSF $0.0 MILLIONS 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 through Source of all data is the Vail Board of Realtors, Multiple Listing Service. Information is deemed reliable but not guaranteed. VAILREALESTATE.COM 4

5 VAIL VALLEY AT A GLANCE GOLF COMMUNITY SKI RESORT Wolcott & Bellyache Ridge SSF OFFICES 70 Red Sky Ranch Cordillera Valley Club Gypsum Eagle Edwards EAGLE COUNTY AIRPORT Eagle Ranch Frost Creek Cordillera Arrowhead Lake Creek SLIFER SMITH & FRAMPTON VAIL 5 locations >>> AVON 3 locations >>> Bridge Street 230 Bridge St Bridge Street 281 Bridge St Solaris at Vail 141 E Meadow Dr Lionshead 531 E Lionshead Cir, Ste Four Seasons Resort One Vail Rd The Westin Riverfront Village 126 Riverfront Ln, Ste. C Mountain Star 39 Paintbrush Avon Corporate 30 Benchmark Rd, Ste CORDILLERA 2 locations >>> The Divide 2203 Cordillera Way The Summit 325 Settlers Loop

6 Singletree Mountain Star Avon & Wildridge West Vail Lionshead Vail Village North 70 Bachelor Gulch EagleVail Beaver Creek Minturn East Vail REAL ESTATE OFFICES VILLAGES OF BEAVER CREEK 8 locations >>> Arrowhead 160 Cresta Rd Bachelor Gulch Village 130 Daybreak Ridge, The Ritz-Carlton Highlands Lodge 15 Highlands Ln Park Hyatt Promenade 148 Beaver Creek Plaza, adjacent to ice rink Park Hyatt Lobby 148 Beaver Creek Plaza St James Place 210 Offerson Rd The Charter 120 Offerson Rd Vacation Ownership Office 46 Avondale Ln We live here, we work here, we play here. Find your place at: EAGLE Eagle Ranch 1143 Capitol St

7 EAGLE COUNTY 5-YEAR COMPARISON TRANSACTION VOLUME COMPARISON JANUARY-JUNE NUMBER OF TRANSACTIONS COMPARISON JANUARY-JUNE $800.0 $784.3 $700.0 $600.0 $633.7 $660.4 $572.8 $500.0 MILLIONS $400.0 $

8 VAIL VILLAGE & LIONSHEAD 2015 $69,095, $9,870,714 $9,400, $0 0 0 $0 $ $48,925, $16,308,333 $13,500, $114,472, $2,435,579 $1,760, $77,636, $2,426,140 $2,150, $117,777, $3,019,949 $2,300, AVERAGE $1,759 $0 $2,178 AVERAGE $1,550 $1,464 $1,557 SALE PRICE VS LIST PRICE AVERAGE OF SALE PRICE/LAST LISTED PRICE: 89.20% AVERAGE OF SALE PRICE/LAST LISTED PRICE: 91.88% 8

9 VAIL GOLF COURSE, SPRADDLE CREEK & CASCADE VILLAGE 2015 $4,600, $2,300,000 $2,300, $13,545, $3,386,250 $3,622, $31,497, $3,499,667 $3,200, $7,390, $1,231,667 $1,442, $15,713, $1,428,455 $1,360, N/A $1,582,750 N/A AVERAGE $643 $949 $963 AVERAGE $697 $770 $843 SALE PRICE VS LIST PRICE AVERAGE OF SALE PRICE/LAST LISTED PRICE: 91.19% AVERAGE OF SALE PRICE/LAST LISTED PRICE: 95.49% 9

10 VAIL ALL OTHER AREAS 2015 $50,011, $1,923,512 $1,610, $45,086, $1,408,949 $1,259, $51,080, $2,043,202 $1,855, $18,915, $556,338 $567, $24,637, $615,937 $566, $30,938, $658,270 $580, AVERAGE $542 $498 $591 AVERAGE $465 $470 $505 SALE PRICE VS LIST PRICE AVERAGE OF SALE PRICE/LAST LISTED PRICE: 93.44% AVERAGE OF SALE PRICE/LAST LISTED PRICE: 97.30% 10

11 EAGLE-VAIL 2015 $6,652, $739,111 $750, $7,030, $781,153 $682, $13,458, $897,200 $740, $6,195, $387,247 $351, $10,391, $451,822 $440, $7,586, $446,235 $445, AVERAGE $247 $299 $336 AVERAGE $299 $318 $310 SALE PRICE VS LIST PRICE AVERAGE OF SALE PRICE/LAST LISTED PRICE: 96.03% AVERAGE OF SALE PRICE/LAST LISTED PRICE: 96.82% 11

12 AVON & WILDRIDGE 2015 $11,159, $929,979 $761, $7,238, $904,813 $765, $15,893, $1,324,479 $915, $16,343, $419,061 $335, $37,584, $544,698 $435, $27,677, $453,729 $355, AVERAGE $280 $322 $327 AVERAGE $351 $433 $446 SALE PRICE VS LIST PRICE AVERAGE OF SALE PRICE/LAST LISTED PRICE: 95.00% AVERAGE OF SALE PRICE/LAST LISTED PRICE: 96.85% 12

13 MOUNTAIN STAR 2015 $10,795, $5,397,500 $5,379, $3,450, $3,450,000 $3,450, $0 0 0 $0 $ AVERAGE $694 $521 $0 SALE PRICE VS LIST PRICE AVERAGE OF SALE PRICE/LAST LISTED PRICE: 0.00% 13

14 BEAVER CREEK VILLAGE 2015 $46,500, $5,166,667 $5,120, $13,820, $3,455,000 $1,935, $38,855, $5,550,714 $5,300, $46,394, $1,288,747 $975, $52,332, $1,635,391 $1,168, $62,661, $1,566,548 $1,162, AVERAGE $750 $661 $887 AVERAGE $679 $733 $767 SALE PRICE VS LIST PRICE AVERAGE OF SALE PRICE/LAST LISTED PRICE: 95.62% AVERAGE OF SALE PRICE/LAST LISTED PRICE: 94.47% 14

15 BACHELOR GULCH VILLAGE 2015 $19,697, $9,848,750 $9,848, $26,570, $5,314,075 $4,800, $49,720, $8,286,667 $7,947, $22,463, $1,321,406 $1,179, $18,083, $1,808,360 $1,900, $18,912, $2,101,389 $1,950, AVERAGE $974 $838 $1,049 AVERAGE $864 $858 $919 SALE PRICE VS LIST PRICE AVERAGE OF SALE PRICE/LAST LISTED PRICE: 96.42% AVERAGE OF SALE PRICE/LAST LISTED PRICE: 93.93% 15

16 ARROWHEAD VILLAGE 2015 $30,867, $2,374,423 $1,950, $21,430, $2,381,111 $2,150, $20,731, $2,073,188 $1,965, $14,531, $908,192 $770, $11,464, $1,146,420 $1,142, $9,695, $881,364 $695, AVERAGE $505 $556 $521 AVERAGE $570 $549 $580 SALE PRICE VS LIST PRICE AVERAGE OF SALE PRICE/LAST LISTED PRICE: 96.38% AVERAGE OF SALE PRICE/LAST LISTED PRICE: 94.97% 16

17 EDWARDS, HOMESTEAD & LAKE CREEK VALLEY 2015 $8,280, $1,182,981 $870, $11,065, $1,580,714 $912, $21,782, $1,452,167 $1,050, $10,743, $397,907 $400, $16,964, $424,113 $391, $16,810, $442,392 $395, AVERAGE $262 $292 $370 AVERAGE $264 $303 $368 SALE PRICE VS LIST PRICE AVERAGE OF SALE PRICE/LAST LISTED PRICE: 94.99% AVERAGE OF SALE PRICE/LAST LISTED PRICE: 97.46% 17

18 SINGLETREE 2015 $15,173, $892,572 $799, $25,139, $1,142,705 $1,020, $17,741, $1,108,812 $967, $377, $377,500 $377, $3,011, $602,300 $590, $924, $462,000 $462, AVERAGE $305 $319 $373 AVERAGE $283 $338 $374 SALE PRICE VS LIST PRICE AVERAGE OF SALE PRICE/LAST LISTED PRICE: 96.19% AVERAGE OF SALE PRICE/LAST LISTED PRICE: 94.29% 18

19 CORDILLERA, CORDILLERA VALLEY CLUB & TIMBER SPRINGS 2015 $29,707, $1,856,744 $1,650, $21,334, $1,641,138 $1,480, $40,837, $1,701,542 $1,725, AVERAGE $282 $311 $326 SALE PRICE VS LIST PRICE AVERAGE OF SALE PRICE/LAST LISTED PRICE: 91.34% 19

20 WOLCOTT, BELLYACHE RIDGE & RED SKY RANCH 2015 $2,845, $1,422,500 $1,422, $5,801, $1,450,250 $1,183, $4,427, $1,106,750 $920, AVERAGE $227 $301 $328 SALE PRICE VS LIST PRICE AVERAGE OF SALE PRICE/LAST LISTED PRICE: 94.09% 20

21 EAGLE & EAGLE RANCH 2015 $27,847, $647,615 $573, $26,631, $682,850 $615, $28,982, $644,054 $580, $6,854, $298,030 $285, $12,101, $318,461 $295, $10,153, $362,618 $345, AVERAGE $188 $196 $220 AVERAGE $196 $220 $248 SALE PRICE VS LIST PRICE COMPARISON AVERAGE OF SALE PRICE/LAST LISTED PRICE: 97.44% AVERAGE OF SALE PRICE/LAST LISTED PRICE: 98.51% 21

22 GYPSUM, COTTON RANCH & GYPSUM VALLEY BRIGHTWATER CLUB 2015 $18,136, $403,042 $385, $16,030, $400,759 $400, $22,339, $438,037 $415, $1,262, $252,400 $255, $2,719, $247,212 $239, $3,535, $235,700 $238, AVERAGE $177 $198 $219 AVERAGE $161 $186 $184 SALE PRICE VS LIST PRICE COMPARISON AVERAGE OF SALE PRICE/LAST LISTED PRICE: 99.39% AVERAGE OF SALE PRICE/LAST LISTED PRICE: 99.95% 22

23 2017 SIX MONTH VAIL VALLEY LAND OVERVIEW 80 TRANSACTION VOLUME COMPARISON NUMBER OF TRANSACTIONS $40.0 COMPARISON $30.0 $28.2 $29 $31.3 $20.0 MILLIONS $10.0 $0.0 $15 $

lo REAL TIME ALERTS Price Changes New Listings Sold Properties Find out the moment it happens. Get alerts straight to your inbox when matching properties hit the market.

24 lo REAL TIME ALERTS Price Changes New Listings Sold Properties Find out the moment it happens. Get alerts straight to your inbox when matching properties hit the market. Be the first to know within minutes, the fastest of ANY website. Get Real Time Alerts from ALL listings in the Vail Valley on: Signing up for a My Place account also includes these tools: Search all Sold Properties in the Valley Sign up for My Market Shapshot: { Find out what homes are selling for in your neighborhood Compare price per square foot View For-Sale listings in your area { 24

25 LOCAL COMPANY, GLOBAL 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. REACH. $62 BILLION MORE U.S. HOME IN 2016 THAN OUR CLOSEST COMPETITOR $350 $368 B 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. BILLIONS $300 $250 $200 $150 $100 $50 $0 Leading Real Estate Companies of the World SLIFER SMITH & FRAMPTON REAL ESTATE/ SSF $306 B RE/MAX $260 B COLDWELL BANKER $225 B KELLER WILLIAMS Sources: REAL Trends National Network 2016 Totals Final Report. $150 B $127 B BERKSHIRE HATHAWAY CENTURY 21 $68 B SOTHEBY S 500 FIRMS 40 COUNTRIES 120,000 ASSOCIATES We live here, we work here, we play here. Find your place at the ALL NEW: VAILREALESTATE.COM 18 OFFICES OVER 100 BROKERS Helping People LIVE LOCAL for Over 50 Years 25

26 SLIFER SMITH & FRAMPTON REAL ESTATE OFFICES FOR FURTHER REAL ESTATE MARKET INFORMATION PLEASE VISIT US AT THE FOLLOWING LOCATIONS THROUGHOUT THE VAIL VALLEY: VAIL 230 Bridge Street Bridge Street Solaris Lionshead VILLAGES OF BEAVER CREEK Arrowhead Bachelor Gulch Village Highlands Lodge Four Seasons AVON Benchmark Office Mountain Star The Westin Riverfront CORDILLERA The Divide The Summit Park Hyatt Promenade and Lobby St. James Place The Charter Vacation Ownership Office EAGLE Eagle Ranch VAILREALESTATE.COM

VAIL VALLEY REAL ESTATE RD QUARTER REVIEW

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