The Slifer Report VAIL VALLEY REAL ESTATE 2017 3RD QUARTER REVIEW VAILREALESTATE.COM
TABLE OF CONTENTS Company Performance...3 Vail Valley at a Glance... 4-5 Eagle County 3rd Quarter Comparisons...6 EAST >>> WEST Vail Village & Lionshead...7 Vail Golf Course, Spraddle Creek & Cascade Village...8 Vail - All Other Areas...9 EagleVail...10 Avon & Wildridge... 11 Mountain Star... 12 Beaver Creek Village... 13 Bachelor Gulch Village... 14 Arrowhead Village... 15 Edwards, Homestead & Lake Creek Valley...16 Singletree... 17 Cordillera, Cordillera Valley Club & Timber Springs...18 Wolcott, Bellyache Ridge & Red Sky Ranch...19 Eagle & Eagle Ranch...20 Gypsum, Cotton Ranch & Gypsum Valley Brightwater Club...21 Vail Valley Land Overview...22 Online Tools - Real Time Alerts...23 Global Reach...24
LOCAL BRAND, LOCAL LEADERS. $1.03 BILLION SLIFER SMITH & FRAMPT SHARE * $800M $600M $28.5M RON BYRNE & ASSOCIATES $28.5M CHRISTIANIA REALTY $31.9M COLDWELL BANKER $36.2M EUSTAQUIO CORTINA RE $61.1M ENGEL & VOLKERS $93.1M KELLER WILLIAMS $311.3M BERKSHIRE HATHAWAY $325.7M LIV SOTHEBY S SSF $400M $200M $0M MILLIONS - BILLIONS Slifer Smith & Frampton Real Estate has a 54-year local perspective and over 120 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 9.30.2017 Source of all data is the Vail Board of Realtors, Multiple Listing Service. Information is deemed reliable but not guaranteed. VAILREALESTATE.COM 3
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 970.476.2421 Bridge Street 281 Bridge St 970.479.5777 Solaris at Vail 141 E Meadow Dr 970.477.5720 Lionshead 531 E Lionshead Cir, Ste. 11 970.479.0245 Four Seasons Resort One Vail Rd 970.479.2015 The Westin Riverfront Village 126 Riverfront Ln, Ste. C-100 970.748.5420 Mountain Star 39 Paintbrush 970.748.5545 Avon Corporate 30 Benchmark Rd, Ste. 107 970.845.2000 CORDILLERA 1 location >>> The Summit 325 Settlers Loop 970.926.6752 4
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 970.926.3000 Bachelor Gulch Village 130 Daybreak Ridge, The Ritz-Carlton 970.845.2300 Beaver Creek Village 46 Avondale Ln 970.949.5811 Highlands Lodge 15 Highlands Ln 970.845.5810 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 We live here, we work here, we play here. Find your place at: VAILREALESTATE.COM EAGLE Eagle Ranch 1143 Capitol St 970.328.2550 5
EAGLE COUNTY 5-YEAR COMPARISON 1,200 TRANSACTION VOLUME COMPARISON JANUARY-SEPTEMBER 1,100 1130 NUMBER OF TRANSACTIONS 1,000 900 800 910 2013 914 2014 1041 2015 1071 2016 2017 COMPARISON JANUARY-SEPTEMBER $1.2B $1.17B $1.1B $1.0B $1.01B $942.4M MILLIONS - BILLIONS $800M $600M $733.6M 2013 2014 2015 2016 2017 6
VAIL VILLAGE & LIONSHEAD 2015 $89,065,000 9 328 $9,899,444 $9,400,000 2016 $27,216,000 4 155 $6,804,000 $6,875,000 2017 $48,925,000 3 456 $16,308,333 $13,500,000 2015 $144,293,208 63 374 $2,290,368 $1,760,000 2016 $108,667,217 47 454 $2,312,068 $2,100,000 2017 $142,929,000 51 351 $2,802,529 $2,300,000 2015 2016 2017 2015 2016 2017 AVERAGE $1,802 $1,963 $2,129 AVERAGE $1,498 $1,554 $1,700 AVERAGE OF SALE PRICE/LAST LISTED PRICE: 89.20% AVERAGE OF SALE PRICE/LAST LISTED PRICE: 91.95% 7
VAIL GOLF COURSE, SPRADDLE CREEK & CASCADE VILLAGE 2015 $11,350,000 5 358 $2,270,000 $1,700,000 2016 $38,270,000 8 646 $4,783,750 $3,622,500 2017 $45,809,000 13 214 $3,523,769 $3,050,000 2015 $12,435,000 10 68 $1,243,500 $1,352,500 2016 $18,023,000 14 278 $1,287,357 $1,300,000 2017 $18,632,000 11 171 $1,693,818 $1,930,000 2015 2016 2017 2015 2016 2017 AVERAGE $699 $1,001 $958 AVERAGE $654 $734 $883 AVERAGE OF SALE PRICE/LAST LISTED PRICE: 91.78% AVERAGE OF SALE PRICE/LAST LISTED PRICE: 95.41% 8
VAIL ALL OTHER AREAS 2015 $77,793,800 42 171 $1,852,233 $1,391,000 2016 $82,276,125 53 152 $1,552,380 $1,335,000 2017 $82,195,050 39 129 $2,107,565 $1,762,500 2015 $40,378,090 78 69 $517,668 $464,500 2016 $46,667,091 85 106 $549,025 $505,000 2017 $51,175,155 83 56 $616,568 $535,000 2015 2016 2017 2015 2016 2017 AVERAGE $540 $515 $586 AVERAGE $454 $469 $508 AVERAGE OF SALE PRICE/LAST LISTED PRICE: 88.91% AVERAGE OF SALE PRICE/LAST LISTED PRICE: 97.16% 9
EAGLEVAIL 2015 $14,401,000 20 104 $720,050 $662,500 2016 $16,405,364 20 53 $820,268 $759,500 2017 $21,470,500 25 74 $858,820 $740,000 2015 $13,816,215 34 55 $406,359 $367,500 2016 $19,224,035 44 60 $436,910 $417,000 2017 $11,857,250 26 28 $456,048 $447,500 2015 2016 2017 2015 2016 2017 AVERAGE $271 $295 $332 AVERAGE $297 $308 $311 AVERAGE OF SALE PRICE/LAST LISTED PRICE: 96.25% AVERAGE OF SALE PRICE/LAST LISTED PRICE: 97.29% 10
AVON & WILDRIDGE 2015 $18,057,250 21 167 $859,869 $775,000 2016 $17,970,496 18 118 $998,361 $820,000 2017 $21,965,750 17 164 $1,292,103 $1,025,000 2015 $30,338,998 71 85 $427,310 $338,000 2016 $58,703,631 109 133 $538,565 $419,000 2017 $54,353,453 113 96 $481,004 $360,000 2015 2016 2017 2015 2016 2017 AVERAGE $276 $346 $332 AVERAGE $352 $429 $434 AVERAGE OF SALE PRICE/LAST LISTED PRICE: 95.04% AVERAGE OF SALE PRICE/LAST LISTED PRICE: 96.61% 11
MOUNTAIN STAR 2015 $18,245,000 3 407 $6,081,667 $5,995,000 2016 $3,450,000 1 250 $3,450,000 $3,450,000 2017 $0 0 N/A N/A N/A 2015 2016 2017 AVERAGE $714 $520 N/A AVERAGE OF SALE PRICE/LAST LISTED PRICE: N/A 12
BEAVER CREEK VILLAGE 2015 $72,615,000 14 514 $5,186,786 $5,257,500 2016 $28,195,000 8 386 $3,524,375 $2,775,000 2017 $47,380,000 10 267 $4,738,000 $4,922,500 2015 $58,310,900 47 251 $1,240,657 $950,000 2016 $81,116,860 53 299 $1,530,507 $1,200,000 2017 $86,533,400 52 224 $1,664,104 $1,197,500 2015 2016 2017 2015 2016 2017 AVERAGE $749 $692 $816 AVERAGE $679 $797 $864 AVERAGE OF SALE PRICE/LAST LISTED PRICE: 95.24% AVERAGE OF SALE PRICE/LAST LISTED PRICE: 94.97% 13
BACHELOR GULCH VILLAGE 2015 $19,697,500 2 622 $9,848,750 $9,848,750 2016 $41,542,875 7 392 $5,934,696 $6,175,000 2017 $68,420,000 8 319 $8,552,500 $8,047,500 2015 $32,928,600 24 151 $1,372,025 $1,189,950 2016 $31,187,600 16 263 $1,949,225 $1,967,500 2017 $30,027,500 15 300 $2,001,833 $1,875,000 2015 2016 2017 2015 2016 2017 AVERAGE $974 $790 $1,047 AVERAGE $839 $828 $905 AVERAGE OF SALE PRICE/LAST LISTED PRICE: 95.49% AVERAGE OF SALE PRICE/LAST LISTED PRICE: 93.71% 14
ARROWHEAD VILLAGE 2015 $83,353,816 30 187 $2,778,461 $2,450,000 2016 $40,144,500 17 123 $2,361,441 $1,825,000 2017 $37,839,375 18 118 $2,102,188 $2,028,000 2015 $23,216,575 24 180 $967,357 $859,000 2016 $17,081,700 16 164 $1,067,606 $1,082,100 2017 $17,691,250 18 97 $982,847 $945,000 2015 2016 2017 2015 2016 2017 AVERAGE $567 $529 $512 AVERAGE $580 $580 $565 AVERAGE OF SALE PRICE/LAST LISTED PRICE: 95.74% AVERAGE OF SALE PRICE/LAST LISTED PRICE: 95.01% 15
EDWARDS, HOMESTEAD & LAKE CREEK VALLEY 2015 $32,416,866 22 181 $1,473,494 $832,000 2016 $30,385,262 20 174 $1,519,263 $1,139,500 2017 $42,092,500 28 214 $1,503,304 $1,100,000 2015 $20,250,300 51 46 $397,065 $391,500 2016 $25,899,101 59 67 $438,968 $397,000 2017 $29,057,625 65 31 $447,040 $412,000 2015 2016 2017 2015 2016 2017 AVERAGE $370 $363 $424 AVERAGE $278 $302 $343 AVERAGE OF SALE PRICE/LAST LISTED PRICE: 96.03% AVERAGE OF SALE PRICE/LAST LISTED PRICE: 97.82% 16
SINGLETREE 2015 $32,442,275 37 101 $876,818 $819,000 2016 $43,948,000 39 143 $1,126,872 $1,050,000 2017 $29,948,000 28 148 $1,069,571 $1,012,500 2015 $1,471,500 3 46 $490,500 $445,000 2016 $3,701,500 6 49 $616,917 $620,000 2017 $4,727,500 8 31 $590,938 $516,000 2015 2016 2017 2015 2016 2017 AVERAGE $318 $321 $350 AVERAGE $320 $319 $390 AVERAGE OF SALE PRICE/LAST LISTED PRICE: 95.88% AVERAGE OF SALE PRICE/LAST LISTED PRICE: 96.74% 17
CORDILLERA, CORDILLERA VALLEY CLUB & TIMBER SPRINGS 2015 $54,037,900 30 300 $1,801,263 $1,675,000 2016 $47,688,800 26 398 $1,834,185 $1,702,500 2017 $59,704,500 35 358 $1,705,843 $1,700,000 2015 2016 2017 AVERAGE $312 $344 $333 AVERAGE OF SALE PRICE/LAST LISTED PRICE: 91.73% 18
WOLCOTT, BELLYACHE RIDGE & RED SKY RANCH 2015 $6,920,000 4 348 $1,730,000 $1,482,500 2016 $8,616,387 6 203 $1,436,065 $1,407,694 2017 $8,898,500 6 155 $1,483,083 $1,372,500 2015 2016 2017 AVERAGE $311 $320 $337 AVERAGE OF SALE PRICE/LAST LISTED PRICE: 83.55% 19
EAGLE & EAGLE RANCH 2015 $52,662,540 87 97 $605,317 $553,500 2016 $55,542,409 81 64 $685,709 $611,000 2017 $49,444,296 75 84 $659,257 $583,000 2015 $12,900,070 42 53 $307,145 $302,000 2016 $21,598,209 65 60 $332,280 $335,000 2017 $14,317,309 39 47 $367,110 $353,000 2015 2016 2017 2015 2016 2017 AVERAGE $197 $204 $212 AVERAGE $209 $219 $235 COMPARISON AVERAGE OF SALE PRICE/LAST LISTED PRICE: 97.29% AVERAGE OF SALE PRICE/LAST LISTED PRICE: 98.70% 20
GYPSUM, COTTON RANCH & GYPSUM VALLEY BRIGHTWATER CLUB 2015 $34,981,785 85 57 $411,550 $388,000 2016 $27,641,209 67 64 $412,555 $407,000 2017 $50,100,122 112 58 $447,323 $422,500 2015 $2,287,000 10 49 $228,700 $252,500 2016 $3,169,327 13 56 $243,794 $239,000 2017 $6,396,858 26 40 $246,033 $244,000 2015 2016 2017 2015 2016 2017 AVERAGE $181 $198 $222 AVERAGE $164 $187 $192 COMPARISON AVERAGE OF SALE PRICE/LAST LISTED PRICE: 99.22% AVERAGE OF SALE PRICE/LAST LISTED PRICE: 99.48% 21
2017 QUARTER 3 VAIL VALLEY LAND OVERVIEW 120 TRANSACTION VOLUME COMPARISON 120 110 NUMBER OF TRANSACTIONS 100 90 80 107 100 95 88 2013 2014 2015 2016 2017 $50 $40 COMPARISON $41.5M $47.2M $30 $34.7M $20 $23.7M $21.8M MILLIONS $10 $0 2013 2014 2015 2016 2017 22
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 15-20 minutes, the fastest of ANY website. Get Real Time Alerts from ALL listings in the Vail Valley on: VAILREALESTATE.COM 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 { 23
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* BILLIONS $350 $300 $250 $200 $150 $100 $50 $0 $368 B Leading Real Estate Companies of the World SLIFER SMITH & FRAMPTON REAL ESTATE/ SSF $306 B RE/MAX 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. $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: VAILREALESTATE.COM 18 OFFICES OVER 100 BROKERS Helping People LIVE LOCAL for Over 50 Years 24