Vail Valley/Cordillera Real Estate Market Report August 2020
Vail Valley/Cordillera Real Estate August 2020
The Town of Vail (not including Vail Village or Lionshead) dollar sales volume is down in 2020 61.8% for Single Family and Duplex homes. But the number of homes sold YTD is 42 versus 45 homes sold in 2019. The town of Vail Condo and Townhome sales volume in 2020 is 96.9% of 2019 volume. But the sales price per square foot rose to $657 versus $595 in 2019.
All Focus Area Sold Single Family Homes/ Sold Condos And Town Homes
Vail Village saw the biggest gain YTD with $143,362,500 in sales volume versus $26,137,500 in 2019–yes, you saw that correctly. Sales volume in 2020 is 5.4 times greater than in 2019! This huge number comes from a couple of big sales over the last couple of months.
Vail Village, Lionshead, GC Condos and Townhomes Sold Trends
The highest sale ever in Vail Village occurred at 100 Vail Road where both sides of a duplex sold for $57,250,000!
Cordillera Market Sold Trends
Cordillera continues to show strength in 2020. Dollar volume is up 40% YTD in 2020 versus YTD34 homes have sold YTD versus 25 in 2019 YTD. Average sales price, however, dropped to $342 this year versus $346 in 2019. Highest sold price per square foot is $583 this year compared to $471 in 2019. A very good year so far for this gated community. Just in the last two months, it seems like Cordillera has been discovered.
Arrowhead Single Family Home & Duplex Homes Sold Trends
This year so far Arrowhead single-family and duplex dollar volume is only 79% of 2019. This year 14 homes have sold YTD versus 15 in 2010. To add insult to injury average sales price per square foot is down in Arrowhead to $565 from $594 in 2019. Condo and townhome dollar volume in Arrowhead is also down 28.6% from 2019.
Overall, the Vail Valley Real Estate market is showing remarkable resilience. Enjoy this month’s Market Report and Please share any feedback, comments, and referrals!
If you want more in-depth information and a breakdown of different areas including East Vail, Cordillera, Vail Village, Lionshead, Vail Golf Course, West Vail, Beaver Creek and Bachelor Gulch download the full 13-page Vail Valley/Cordillera Real Estate Market Report August 2020!
Helping You Make Informed Decisions Regarding Vail Valley/Cordillera Real Estate
All the best to you. Please stay safe and share any questions or comments you might have regarding Vail Valley Real Estate or looking over this month’s Market Report.
I produce this monthly report to provide you with a high-level overview by looking at the patterns and trends. My goal is to help YOU make sense of the numbers so you can make an informed decision. It is my hope that this report helps you to ”See the Big Picture and All the Details!”
If you see a segment of the market that you would like additional help with understanding please contact me. Or if you desire a specific Home Estimate that I routinely prepare for my clients, please contact me, I would be happy to go to work and get that to you.
This report covers Single Family Homes, Condos, and Townhomes for the Vail Valley and Cordillera area which includes specific areas such as Cordillera, Vail Village, Lionshead, Vail Golf Course, East Vail, West Vail, Beaver Creek, and Bachelor Gulch.
You will also see a ”slice” of the data by Price Range and by Area for Single Family Homes and Condos & Townhomes to provide a more insightful view of the market.
How can I help you with Your Vail Valley/Cordillera Real Estate Needs?
This Vail Valley/Cordillera August 2020 Real Estate Market Report and the level of detail is representative of what you can expect from me as your Real Estate Agent. I hope I can provide the same amount of expertise and insight for you when you are looking to buy or sell in the Vail Valley/Cordillera area.
Are you wondering what your home is worth in the current market? Do you have questions or want more information about something in the market report? Do you desire a specific Home Estimate that I routinely prepare for my clients? Please contact me or visit this link to get the ball rolling.
Coldwell Banker Global Luxury Specialist
Coldwell Banker Distinctive Properties