slifer report 2012 - vbcbrokers.com

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T HE S LIFER R EPORT VAIL VALLEY REAL ESTATE 2012 ANNUAL MARKET REVIEW VAILREALESTATE.COM

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The Slifer Report presented by Slifer Smith & Frampton Real Estate - David McHugh, Kenton Hopkins, Ben FInn

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Page 1: Slifer Report 2012 - VBCBrokers.com

the slifeR RePoRtvail valley real estate2012 annual market review

vailrealestate .com

Page 2: Slifer Report 2012 - VBCBrokers.com

table of contents

Introduction ...........................................................3

Eagle County Overview ......................................4-5

Vail Village & Lionshead .........................................6

Vail Golf Course, Spraddle Creek

& Cascade Village ..................................................7

Vail - All Other Areas .............................................8

EagleVail .................................................................9

Avon & Wildridge ................................................ 10

Mountain Star ...................................................... 11

Beaver Creek Village ............................................ 12

Bachelor Gulch Village ......................................... 13

Arrowhead Village ............................................... 14

Edwards, Homestead

& Lake Creek Valley .............................................15

Singletree ............................................................. 16

Cordillera, Cordillera Valley Club

& Timber Springs .................................................17

Wolcott, Bellyache Ridge

& Red Sky Ranch ..................................................18

Eagle & Eagle Ranch ............................................19

Gypsum, Cotton Ranch

& Buckhorn Valley ................................................20

Homesite Sales................................................21-22

SSF Information & Offi ce Listings ...................23-24

Page 3: Slifer Report 2012 - VBCBrokers.com

2012 slifer report 3

The market will continue to improve in 2013. Real estate sales in the Vail Valley have

rebounded this year with sales volume over $1 billion. Buyers have found incredible value in homes throughout

our Valley. Smart sellers are pricing properties to the market. Mortgage rates are at historic lows. Short supply

and higher demand is keeping our market strong in most segments of the market.

New this year for our Slifer Report data, we are pulling all information from the Vail Board of Realtors MLS

program so that our numbers are refl ective of the Vail Valley market. The following graphs include data from the

previous years gathered through this system.

In 2012, the Vail Valley’s market climbed to over $1.167 billion in residential and land sales. This is an increase

over 2011 which had over $930 million in sales. There were more buyers in 2012 with 1,266 deals compared to

1,004 in 2011.

Inventory remains at a 5 year low around 1,200 residential and land listings available in the Vail MLS

representing Eagle County mainly covering East Vail to Dotsero. This is a trend that we are watching closely.

In some communities, a limited amount of available homes can present a challenge to prospective buyers. We

do expect more new listings coming on as the year progresses but do not foresee a large amount of “shadow

inventory” to fl ood the market.

Luxury home sales over $4 million totaled 51 as compared to 40 in 2011. The dollar volume for these sales was

over $340 million for 2012 where 2011 had $266 million. The highest sale was $14.1 million in Vail Village and was

listed by Slifer Smith & Frampton. In total, there were 8 sales over $10 million in 2012.

Prices, in most areas of our market, seem to be at or near the bottom. In our business, it is always very diffi cult to

predict the bottom of the market, however, we do feel that prices will begin to moderately adjust upwards in 2013.

On a national level, The Standard & Poor’s/Case-Shiller 20-city index reported that home prices rose by 4.3%

in October from October 2011. Since January 2012, prices were up 6.9% so far this year, the largest-to-date gain

since 2005. A separate index by Lender Processing Services Inc. showed that national home prices were up by

5.3% this year through October.*

There is quite a buzz happening in the Vail Valley. Vail celebrated 50 years in December. A new gondola replaced

the older Vista Bahn Chair in Vail Village. After a warm start to the winter, storms in December brought in over

5 feet of snow just before the Holidays. As I walk through our resort villages, I see people laughing and sharing

memories with their families and friends. It is a wonderful reminder of the truly amazing place where we live.

With Warm Regards,

Jim F laumJim Flaum

President and Managing Broker

Slifer Smith & Frampton Real Estate*Wall Street Journal, 12.27.12

Page 4: Slifer Report 2012 - VBCBrokers.com

Source of all data contained in this report is the Vail Board of Realtors, Multiple Listing Service. Information is deemed reliable but not guaranteed. Consult your Slifer Smith & Frampton Broker for more information. ©2013 Slifer Smith & Frampton Real Estate

2012 Slifer report4

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eagle count y overview

tr ansac tion volume comparison

sales volume comparison

Page 5: Slifer Report 2012 - VBCBrokers.com

Source of all data contained in this report is the Vail Board of Realtors, Multiple Listing Service. Information is deemed reliable but not guaranteed. Consult your Slifer Smith & Frampton Broker for more information. ©2013 Slifer Smith & Frampton Real Estate

2012 Slifer report 5

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eagle count y overview

ac tive l ist ing inventory

residential sales over $ 4 mill ion

Page 6: Slifer Report 2012 - VBCBrokers.com

Source of all data contained in this report is the Vail Board of Realtors, Multiple Listing Service. Information is deemed reliable but not guaranteed. Consult your Slifer Smith & Frampton Broker for more information. ©2013 Slifer Smith & Frampton Real Estate

2012 Slifer report6

vail village & lionshead

sales volume no. of salesaverage days

on marketaverage sale median sale

2008* $185,425,000 16 250 $11,589,063 $12,300,000

2009 $24,250,000 3 231 $8,083,333 $5,450,000

2010 $16,887,000 3 548 $5,629,000 $5,400,000

2011 $42,650,000 5 266 $8,530,000 $7,500,000

2012 $79,340,000 11 437 $7,212,727 $7,500,000

single-family/duplex

sales volume no. of salesaverage days

on marketaverage sale median sale

2008* $468,767,448 132 710 $3,551,269 $2,895,000

2009 $70,967,000 35 357 $2,027,629 $1,300,000

2010** $339,371,812 108 499 $3,142,332 $2,450,000

2011 $187,149,130 67 307 $2,793,271 $2,301,605

2012 $182,315,850 82 391 $2,223,364 $1,785,000

condominium / townhome

single-family/duplex condominium/townhome

2008 2009 2010 2011 2012 2008 2009 2010 2011 2012

average $2,189 $1,943 $1,324 $1,907 $1,537 average $1,388 $1,234 $1,468 $1,338 $1,255

price per square foot comparison

single-family/duplex condominium/townhome

average of sale price/last listed price 84.56% average of sale price/last listed price 91.37%

sale pr ice vs l ist pr ice comparison

*Includes 12 duplex sales from The Chalets at the Lodge At Vail in 2008.

*Includes 80 Condominium Sales from The Arrabelle at Vail Square in 2008. ** Includes 18 condomimium sales at Solaris at Vail in 2010 for $124,821,736.Includes 15 condominium sales at The Ritz Carlton, Vail in 2010 for $44,177,216.

Page 7: Slifer Report 2012 - VBCBrokers.com

Source of all data contained in this report is the Vail Board of Realtors, Multiple Listing Service. Information is deemed reliable but not guaranteed. Consult your Slifer Smith & Frampton Broker for more information. ©2013 Slifer Smith & Frampton Real Estate

2012 Slifer report 7

vail golf course, spraddle creek & cascade village

sales volume no. of salesaverage days

on marketaverage sale median sale

2008 $18,199,000 4 196 $4,549,750 $3,824,500

2009* $5,520,000 3 175 $1,840,000 $2,000,000

2010 $18,750,000 5 228 $3,750,000 $4,050,000

2011* $15,000,000 3 219 $5,000,000 $3,200,000

2012 $37,831,500 11 463 $3,439,227 $3,425,000

single-family/duplex

sales volume no. of salesaverage days

on marketaverage sale median sale

2008 $10,544,000 7 172 $1,506,286 $1,549,000

2009 $8,230,000 5 159 $1,646,000 $1,795,000

2010 $5,845,000 4 507 $1,461,250 $1,550,000

2011 $9,089,000 7 327 $1,298,429 $1,500,000

2012 $13,729,250 10 284 $1,372,925 $1,400,000

condominium / townhome

single-family/duplex condominium/townhome

2008 2009 2010 2011 2012 2008 2009 2010 2011 2012

average $1,163 $531 $669 $1,113 $810 average $867 $908 $832 $685 $642

price per square foot comparison

single-family/duplex condominium/townhome

average of sale price/last listed price 88.18% average of sale price/last listed price 88.40%

sale pr ice vs l ist pr ice comparison

*There were three duplex and no single-family sales in 2009 and 2011.

Page 8: Slifer Report 2012 - VBCBrokers.com

Source of all data contained in this report is the Vail Board of Realtors, Multiple Listing Service. Information is deemed reliable but not guaranteed. Consult your Slifer Smith & Frampton Broker for more information. ©2013 Slifer Smith & Frampton Real Estate

2012 Slifer report8

vail - all other areas

sales volume no. of salesaverage days

on marketaverage sale median sale

2008 $68,286,350 37 234 $1,830,104 $1,675,000

2009 $53,015,475 33 268 $1,606,530 $1,400,000

2010 $76,640,500 46 325 $1,666,098 $1,500,000

2011 $58,861,385 42 308 $1,401,462 $1,112,500

2012 $60,687,018 44 227 $1,379,250 $1,106,250

single-family/duplex

sales volume no. of salesaverage days

on marketaverage sale median sale

2008 $37,085,500 70 169 $529,793 $529,750

2009 $20,823,900 44 198 $473,270 $423,750

2010 $35,112,000 71 337 $494,535 $430,000

2011 $35,852,885 81 222 $442,628 $380,000

2012 $52,358,350 124 208 $422,245 $394,150

condominium / townhome

single-family/duplex condominium/townhome

2008 2009 2010 2011 2012 2008 2009 2010 2011 2012

average $571 $454 $442 $404 $423 average $491 $409 $375 $357 $351

price per square foot comparison

single-family/duplex condominium/townhome

average of sale price/last listed price 88.84% average of sale price/last listed price 93.89%

sale pr ice vs l ist pr ice comparison

Page 9: Slifer Report 2012 - VBCBrokers.com

Source of all data contained in this report is the Vail Board of Realtors, Multiple Listing Service. Information is deemed reliable but not guaranteed. Consult your Slifer Smith & Frampton Broker for more information. ©2013 Slifer Smith & Frampton Real Estate

2012 Slifer report 9

sales volume no. of salesaverage days

on marketaverage sale median sale

2008 $18,307,900 22 194 $832,177 $715,000

2009 $6,761,250 11 248 $614,659 $535,000

2010 $14,833,000 22 251 $674,227 $565,750

2011 $17,460,000 22 160 $793,636 $525,000

2012 $17,386,670 35 115 $496,762 $435,000

single-family/duplex

sales volume no. of salesaverage days

on marketaverage sale median sale

2008 $8,820,500 21 194 $420,024 $400,000

2009 $5,970,250 15 146 $398,017 $380,000

2010 $7,317,074 21 200 $348,432 $307,000

2011 $7,216,770 25 151 $288,671 $299,000

2012 $9,555,800 37 129 $258,265 $255,000

condominium / townhome

single-family/duplex condominium/townhome

2008 2009 2010 2011 2012 2008 2009 2010 2011 2012

average $326 $283 $256 $221 $217 average $328 $261 $252 $214 $188

price per square foot comparison

single-family/duplex condominium/townhome

average of sale price/last listed price 95.89% average of sale price/last listed price 94.44%

sale pr ice vs l ist pr ice comparison

eaglevail

Page 10: Slifer Report 2012 - VBCBrokers.com

Source of all data contained in this report is the Vail Board of Realtors, Multiple Listing Service. Information is deemed reliable but not guaranteed. Consult your Slifer Smith & Frampton Broker for more information. ©2013 Slifer Smith & Frampton Real Estate

2012 Slifer report10

avon & wildridge

sales volume no. of salesaverage days

on marketaverage sale median sale

2008 $14,358,870 11 229 $1,435,887 $1,500,000

2009 $10,853,616 11 306 $986,692 $900,000

2010 $8,998,250 13 283 $692,173 $675,000

2011 $7,381,700 11 131 $671,064 $515,000

2012 $19,913,000 30 203 $663,767 $630,000

single-family/duplex

sales volume no. of salesaverage days

on marketaverage sale median sale

2008 $117,489,774 159 520 $738,929 $479,750

2009 $13,123,500 29 395 $452,534 $360,000

2010 $56,476,141 123 689 $459,156 $321,750

2011* $47,941,568 109 127 $439,831 $399,000

2012 $30,815,150 102 166 $302,109 $265,000

condominium / townhome

single-family/duplex condominium/townhome

2008 2009 2010 2011 2012 2008 2009 2010 2011 2012

average $354 $268 $229 $207 $209 average $859 $416 $397 $331 $269

price per square foot comparison

single-family/duplex condominium/townhome

average of sale price/last listed price 83.49% average of sale price/last listed price 94.73%

sale pr ice vs l ist pr ice comparison

*Includes 41 sales at THE ASCENT for $25,709,000.

Page 11: Slifer Report 2012 - VBCBrokers.com

Source of all data contained in this report is the Vail Board of Realtors, Multiple Listing Service. Information is deemed reliable but not guaranteed. Consult your Slifer Smith & Frampton Broker for more information. ©2013 Slifer Smith & Frampton Real Estate

2012 Slifer report 11

sales volume no. of salesaverage days

on marketaverage sale median sale

2008 $3,750,000 1 812 $3,750,000 $3,750,000

2009 $21,980,000 3 299 $7,326,667 $3,600,000

2010 $12,100,000 3 579 $4,033,333 $4,200,000

2011 $9,870,000 3 507 $3,290,000 $3,500,000

2012 $16,050,000 4 357 $4,012,500 $3,825,000

single-family/duplex

single-family/duplex

2008 2009 2010 2011 2012

average $481 $822 $575 $570 $499

price per square foot comparison

single-family/duplex

average of sale price/last listed price 79.55%

sale pr ice vs l ist pr ice comparison

mountain star

Page 12: Slifer Report 2012 - VBCBrokers.com

Source of all data contained in this report is the Vail Board of Realtors, Multiple Listing Service. Information is deemed reliable but not guaranteed. Consult your Slifer Smith & Frampton Broker for more information. ©2013 Slifer Smith & Frampton Real Estate

2012 Slifer report12

sales volume no. of salesaverage days

on marketaverage sale median sale

2008 $78,716,106 16 328 $4,919,757 $5,112,500

2009 $28,100,000 4 137 $7,025,000 $4,850,000

2010 $81,017,000 13 262 $6,232,077 $5,567,000

2011 $28,481,000 8 481 $3,560,125 $2,850,000

2012 $73,658,500 19 248 $3,876,763 $3,550,000

single-family/duplex

sales volume no. of salesaverage days

on marketaverage sale median sale

2008 $82,715,282 49 212 $1,688,067 $1,350,000

2009 $57,961,081 30 302 $1,932,036 $1,721,791

2010 $95,016,000 54 287 $1,759,556 $1,472,500

2011 $79,669,000 59 339 $1,350,322 $1,083,000

2012 $108,120,279 63 318 $1,716,195 $1,028,000

condominium / townhome

single-family/duplex condominium/townhome

2008 2009 2010 2011 2012 2008 2009 2010 2011 2012

average $873 $937 $845 $635 $614 average $892 $785 $781 $673 $705

price per square foot comparison

single-family/duplex condominium/townhome

average of sale price/last listed price 93.21% average of sale price/last listed price 92.04%

sale pr ice vs l ist pr ice comparison

beaver creek village

Page 13: Slifer Report 2012 - VBCBrokers.com

Source of all data contained in this report is the Vail Board of Realtors, Multiple Listing Service. Information is deemed reliable but not guaranteed. Consult your Slifer Smith & Frampton Broker for more information. ©2013 Slifer Smith & Frampton Real Estate

2012 Slifer report 13

bachelor gulch village

sales volume no. of salesaverage days

on marketaverage sale median sale

2008 $37,425,000 4 263 $9,356,250 $9,550,000

2009 $35,500,000 5 421 $7,100,000 $6,750,000

2010 $13,750,000 2 403 $6,875,000 $6,875,000

2011 $66,398,750 10 521 $6,639,875 $7,050,000

2012 $65,285,000 8 251 $8,160,625 $7,825,000

single-family/duplex

sales volume no. of salesaverage days

on marketaverage sale median sale

2008 $68,324,000 25 220 $2,732,960 $2,350,000

2009 $20,900,000 9 341 $2,322,222 $2,150,000

2010 $28,415,200 14 454 $2,029,657 $1,750,000

2011 $32,378,000 15 410 $2,158,533 $2,000,000

2012 $32,432,500 18 175 $1,801,806 $1,475,000

condominium / townhome

single-family/duplex condominium/townhome

2008 2009 2010 2011 2012 2008 2009 2010 2011 2012

average $1,115 $980 $895 $877 $912 average $1,240 $832 $781 $784 $765

price per square foot comparison

single-family/duplex condominium/townhome

average of sale price/last listed price 91.09% average of sale price/last listed price 89.82%

sale pr ice vs l ist pr ice comparison

Page 14: Slifer Report 2012 - VBCBrokers.com

Source of all data contained in this report is the Vail Board of Realtors, Multiple Listing Service. Information is deemed reliable but not guaranteed. Consult your Slifer Smith & Frampton Broker for more information. ©2013 Slifer Smith & Frampton Real Estate

2012 Slifer report14

sales volume no. of salesaverage days

on marketaverage sale median sale

2008 $66,654,500 16 257 $4,103,406 $3,531,250

2009 $54,825,000 20 319 $2,741,250 $1,992,500

2010 $38,475,000 20 367 $1,923,750 $1,662,500

2011 $55,607,500 26 412 $2,138,750 $1,650,000

2012 $78,311,406 32 322 $2,447,231 $1,962,500

single-family/duplex

sales volume no. of salesaverage days

on marketaverage sale median sale

2008 $22,916,000 18 182 $1,273,111 $1,242,500

2009 $11,406,500 14 259 $814,750 $680,000

2010 $13,243,500 17 352 $779,029 $585,000

2011 $9,201,500 11 238 $836,000 $900,000

2012 $13,039,500 15 473 $869,300 $620,000

condominium / townhome

single-family/duplex condominium/townhome

2008 2009 2010 2011 2012 2008 2009 2010 2011 2012

average $666 $547 $439 $428 $466 average $671 $520 $501 $459 $479

price per square foot comparison

single-family/duplex condominium/townhome

average of sale price/last listed price 91.14% average of sale price/last listed price 88.53%

sale pr ice vs l ist pr ice comparison

arrowhead village

Page 15: Slifer Report 2012 - VBCBrokers.com

Source of all data contained in this report is the Vail Board of Realtors, Multiple Listing Service. Information is deemed reliable but not guaranteed. Consult your Slifer Smith & Frampton Broker for more information. ©2013 Slifer Smith & Frampton Real Estate

2012 Slifer report 15

edwards, homestead & lake creek valley

sales volume no. of salesaverage days

on marketaverage sale median sale

2008 $34,683,062 27 264 $1,284,558 $899,000

2009 $19,346,625 15 389 $1,289,775 $800,000

2010 $27,309,220 22 274 $1,241,328 $955,000

2011 $20,417,000 19 256 $1,074,579 $750,000

2012 $29,419,400 32 160 $919,356 $643,750

single-family/duplex

sales volume no. of salesaverage days

on marketaverage sale median sale

2008 $16,498,639 37 170 $445,909 $417,000

2009 $10,724,750 26 192 $412,490 $377,500

2010 $9,584,000 25 253 $383,360 $335,000

2011 $8,439,860 29 253 $291,030 $267,110

2012 $14,569,821 52 88 $280,189 $255,750

condominium / townhome

single-family/duplex condominium/townhome

2008 2009 2010 2011 2012 2008 2009 2010 2011 2012

average $438 $297 $331 $267 $274 average $340 $305 $275 $209 $212

price per square foot comparison

single-family/duplex condominium/townhome

average of sale price/last listed price 91.71% average of sale price/last listed price 94.81%

sale pr ice vs l ist pr ice comparison

Page 16: Slifer Report 2012 - VBCBrokers.com

Source of all data contained in this report is the Vail Board of Realtors, Multiple Listing Service. Information is deemed reliable but not guaranteed. Consult your Slifer Smith & Frampton Broker for more information. ©2013 Slifer Smith & Frampton Real Estate

2012 Slifer report16

singletree

sales volume no. of salesaverage days

on marketaverage sale median sale

2008 $33,966,750 28 213 $1,213,098 $960,000

2009 $26,804,136 27 212 $992,746 $870,000

2010 $17,811,260 21 297 $848,155 $730,000

2011 $25,744,687 29 252 $887,748 $755,000

2012 $30,480,703 43 151 $708,854 $648,900

single-family/duplex

sales volume no. of salesaverage days

on marketaverage sale median sale

2008 $2,845,800 4 205 $711,250 $697,500

2009 $1,817,000 3 294 $605,667 $535,000

2010 $2,481,500 5 403 $496,300 $450,000

2011 $2,343,000 4 337 $585,750 $650,000

2012 $3,356,000 8 328 $419,500 $365,000

condominium / townhome

single-family/duplex condominium/townhome

2008 2009 2010 2011 2012 2008 2009 2010 2011 2012

average $373 $302 $274 $264 $238 average $364 $381 $314 $268 $240

price per square foot comparison

single-family/duplex condominium/townhome

average of sale price/last listed price 93.44% average of sale price/last listed price 91.42%

sale pr ice vs l ist pr ice comparison

Page 17: Slifer Report 2012 - VBCBrokers.com

Source of all data contained in this report is the Vail Board of Realtors, Multiple Listing Service. Information is deemed reliable but not guaranteed. Consult your Slifer Smith & Frampton Broker for more information. ©2013 Slifer Smith & Frampton Real Estate

2012 Slifer report 17

sales volume no. of salesaverage days

on marketaverage sale median sale

2008 $68,640,000 32 311 $2,145,000 $1,865,000

2009 $59,948,500 31 330 $1,933,823 $1,620,000

2010 $84,530,400 45 334 $1,878,453 $1,700,000

2011 $32,366,000 22 425 $1,471,182 $1,225,000

2012 $36,456,750 24 314 $1,519,031 $1,240,000

single-family/duplex

sales volume no. of salesaverage days

on marketaverage sale median sale

2008 N/A N/A N/A N/A N/A

2009 $1,680,000 2 394 $840,000 $840,000

2010 N/A N/A N/A N/A N/A

2011 $1,087,000 1 362 $1,087,000 $1,087,000

2012 N/A N/A N/A N/A N/A

condominium / townhome

single-family/duplex condominium/townhome

2008 2009 2010 2011 2012 2008 2009 2010 2011 2012

average $419 $362 $337 $280 $281 average N/A $189 N/A $194 N/A

price per square foot comparison

single-family/duplex condominium/townhome

average of sale price/last listed price 89.26% average of sale price/last listed price N/A

sale pr ice vs l ist pr ice comparison

cordillera, cordillera valley club & timber springs

Page 18: Slifer Report 2012 - VBCBrokers.com

Source of all data contained in this report is the Vail Board of Realtors, Multiple Listing Service. Information is deemed reliable but not guaranteed. Consult your Slifer Smith & Frampton Broker for more information. ©2013 Slifer Smith & Frampton Real Estate

2012 Slifer report18

wolcott, bellyache ridge & red sky ranch

sales volume no. of salesaverage days

on marketaverage sale median sale

2008 $2,677,620 1 615 $2,677,620 $2,677,620

2009 $2,725,000 3 320 $908,333 $1,000,000

2010 $26,458,500 12 268 $2,204,875 $2,215,000

2011 $11,468,170 10 211 $1,146,817 $1,076,335

2012 $13,942,000 13 225 $1,072,462 $775,000

single-family/duplex

single-family/duplex

2008 2009 2010 2011 2012

average $774 $261 $365 $256 $215

price per square foot comparison

single-family/duplex

average of sale price/last listed price 88.25%

sale pr ice vs l ist pr ice comparison

Page 19: Slifer Report 2012 - VBCBrokers.com

Source of all data contained in this report is the Vail Board of Realtors, Multiple Listing Service. Information is deemed reliable but not guaranteed. Consult your Slifer Smith & Frampton Broker for more information. ©2013 Slifer Smith & Frampton Real Estate

2012 Slifer report 19

sales volume no. of salesaverage days

on marketaverage sale median sale

2008 $46,788,796 66 189 $708,921 $688,650

2009 $29,942,347 44 274 $680,508 $512,500

2010 $32,740,010 59 288 $554,915 $480,500

2011 $36,400,400 79 160 $460,765 $419,900

2012 $55,706,009 125 133 $445,648 $369,500

single-family/duplex

sales volume no. of salesaverage days

on marketaverage sale median sale

2008 $15,934,642 41 235 $388,650 $370,000

2009 $6,524,750 20 255 $326,238 $317,500

2010 $8,947,275 33 225 $271,130 $267,000

2011 $9,120,200 50 212 $182,404 $170,000

2012 $8,534,175 48 90 $177,795 $172,500

condominium / townhome

single-family/duplex condominium/townhome

2008 2009 2010 2011 2012 2008 2009 2010 2011 2012

average $253 $221 $185 $151 $156 average $282 $223 $178 $134 $128

price per square foot comparison

single-family/duplex condominium/townhome

average of sale price/last listed price 94.27% average of sale price/last listed price 97.12%

sale pr ice vs l ist pr ice comparison

eagle & eagle ranch

Page 20: Slifer Report 2012 - VBCBrokers.com

Source of all data contained in this report is the Vail Board of Realtors, Multiple Listing Service. Information is deemed reliable but not guaranteed. Consult your Slifer Smith & Frampton Broker for more information. ©2013 Slifer Smith & Frampton Real Estate

2012 Slifer report20

gypsum, cotton ranch & buckhorn valley

sales volume no. of salesaverage days

on marketaverage sale median sale

2008 $37,342,846 86 200 $434,219 $404,000

2009 $13,235,647 35 237 $378,161 $350,000

2010 $17,395,694 52 175 $334,533 $324,250

2011 $15,936,365 64 137 $249,006 $237,000

2012 $34,412,911 122 99 $282,073 $254,500

single-family/duplex

sales volume no. of salesaverage days

on marketaverage sale median sale

2008 $1,992,500 8 98 $249,063 $247,500

2009 $2,812,225 11 211 $255,657 $265,000

2010 $778,800 5 68 $155,760 $160,000

2011 $1,926,800 18 92 $107,044 $99,950

2012 $2,986,900 29 48 $102,997 $100,000

condominium / townhome

single-family/duplex condominium/townhome

2008 2009 2010 2011 2012 2008 2009 2010 2011 2012

average $215 $193 $153 $125 $121 average $246 $185 $114 $82 $76

price per square foot comparison

single-family/duplex condominium/townhome

average of sale price/last listed price 96.17% average of sale price/last listed price 95.63%

sale pr ice vs l ist pr ice comparison

Page 21: Slifer Report 2012 - VBCBrokers.com

Source of all data contained in this report is the Vail Board of Realtors, Multiple Listing Service. Information is deemed reliable but not guaranteed. Consult your Slifer Smith & Frampton Broker for more information. ©2013 Slifer Smith & Frampton Real Estate

2012 Slifer report 21

area name l ist pr ice sold price sold dateBeaver Creek $2,250,000 $1,800,000 10/25/12Bellyache Ridge Wolcott $369,000 $260,000 09/13/12Bellyache Ridge Wolcott $649,000 $475,000 01/11/12Bellyache Ridge Wolcott $109,000 $80,000 06/07/12Bellyache Ridge Wolcott $375,000 $300,000 07/27/12Bellyache Ridge Wolcott $375,000 $267,500 09/13/12Bellyache Ridge Wolcott $650,000 $530,000 11/02/12Bellyache Ridge Wolcott $299,900 $230,000 10/05/12Bellyache Ridge Wolcott $120,000 $101,500 12/27/12Brush Creek $38,000 $33,000 10/02/12Cordillera $125,000 $100,000 05/07/12Cordillera $650,000 $475,000 04/17/12Cordillera $200,000 $100,000 12/29/12Cordillera $135,000 $110,000 03/06/12Cordillera $320,000 $159,000 04/26/12Cordillera $175,000 $140,000 10/11/12Cordillera $599,500 $418,512 04/03/12Cordillera $217,500 $200,000 04/18/12Cordillera $135,000 $100,000 04/30/12Cordillera $249,000 $125,000 12/28/12Cordillera $195,000 $128,310 09/11/12Cordillera $195,000 $125,580 09/11/12Cordillera $119,000 $96,000 11/02/12Cordillera $79,900 $50,000 12/17/12Cordillera $425,000 $360,000 09/26/12Cordillera $200,000 $200,000 12/13/12Cotton Ranch $29,150 $20,000 03/27/12Cotton Ranch $24,000 $24,000 03/29/12Cotton Ranch $28,000 $20,000 01/24/12Cotton Ranch $24,800 $20,000 01/30/12Cotton Ranch $24,800 $20,000 01/30/12Cotton Ranch $27,000 $23,500 05/14/12Cotton Ranch $18,600 $15,000 12/12/12Cotton Ranch $25,000 $21,250 10/31/12Cordillera Valley Club $325,000 $225,000 03/14/12Dotsero Colorado River Rd $18,000 $18,000 05/03/12Eagle $2,280,000 $1,620,000 11/29/12Eagle $25,000 $26,000 05/22/12Eagle Ranch $50,000 $50,000 06/20/12Eagle Ranch $49,000 $49,000 06/01/12Eagle Ranch $57,500 $50,000 03/30/12Eagle Ranch $37,500 $33,300 09/27/12Eagle Ranch $58,700 $36,000 09/27/12Eagle Ranch $130,000 $66,000 09/25/12Eagle Ranch $129,000 $100,000 10/12/12Eagle Ranch $62,500 $60,000 10/24/12Eagle Ranch $69,900 $67,800 10/24/12Eagle Ranch $100,000 $35,000 11/29/12Eagle Ranch $100,000 $35,000 11/29/12Eagle Ranch $100,000 $35,000 11/29/12Eagle Ranch $100,000 $35,000 11/29/12Eagle Ranch $100,000 $35,000 11/29/12

continued on following page

homesite sales

Page 22: Slifer Report 2012 - VBCBrokers.com

Source of all data contained in this report is the Vail Board of Realtors, Multiple Listing Service. Information is deemed reliable but not guaranteed. Consult your Slifer Smith & Frampton Broker for more information. ©2013 Slifer Smith & Frampton Real Estate

22

Eagle Ranch $100,000 $35,000 11/29/12Eagle Ranch $100,000 $35,000 11/29/12Eagle Ranch $100,000 $35,000 11/29/12EagleVail $200,000 $190,000 09/03/12Gypsum $695,000 $600,000 08/17/12Gypsum $99,900 $93,000 01/20/12Gypsum $35,000 $22,000 01/20/12Gypsum $99,000 $76,000 07/30/12Gypsum Valley Brightwater $29,900 $29,000 01/20/12Gypsum Valley Brightwater $20,000 $21,000 02/22/12Gypsum Valley Brightwater $59,000 $47,500 03/21/12Gypsum Valley Brightwater $120,000 $94,900 06/29/12Homestead $134,900 $100,000 03/12/12Lake Creek Valley $400,000 $260,000 08/14/12Lake Creek Valley $400,000 $119,000 09/18/12Lake Creek Valley $949,000 $1,160,000 08/23/12Lake Creek Valley $1,250,000 $1,250,000 10/16/12Lionshead $4,995,000 $4,150,000 12/28/12Mountain Star $1,495,000 $1,300,000 03/28/12Mountain Star $1,295,000 $1,125,000 06/23/12Mountain Star $780,000 $775,000 10/05/12NW Eagle County McCoy $199,500 $150,000 10/19/12NW Eagle County McCoy $125,000 $120,000 06/28/12Singletree $175,000 $130,000 03/27/12The Valley Ridge at Vail $695,000 $500,000 05/25/12The Valley Ridge at Vail $1,350,000 $1,350,000 12/24/12The Valley Ridge at Vail $795,000 $600,000 11/26/12West Vail South $375,000 $350,000 05/16/12West Vail South $499,000 $410,000 05/18/12Wildridge Wildwood $425,000 $350,000 03/29/12Wildridge Wildwood $195,000 $180,000 06/01/12Gypsum Valley Brightwater $39,000 $27,500 9/12/11Gypsum Valley Brightwater $39,000 $27,500 9/12/11Gypsum Valley Brightwater $20,000 $10,000 6/28/11Gypsum Valley Brightwater $29,900 $24,500 9/19/11Gypsum Valley Brightwater $25,000 $26,000 11/14/11Gypsum Valley Brightwater $28,000 $28,000 11/8/11Redcliff $52,370 $44,000 9/21/11NW Eagle County $1,500,000 $980,000 2/18/11NW Eagle County $799,000 $690,000 8/4/11NW Eagle County $2,750,000 $2,200,000 8/23/11Out of County $1,950,000 $1,950,000 1/25/11Out of County $150,000 $145,000 2/17/11Out of County $795,000 $813,000 12/15/11Out of County $199,000 $180,000 10/7/11Out of County $640,000 $620,000 9/20/11Sandstone Lionsridge $895,000 $250,000 10/31/11Sandstone Lionsridge $519,000 $445,000 8/30/11Sandstone Lionsridge $519,000 $510,000 8/11/11Vail Village $8,100,000 $6,825,000 10/13/11

total land sales in 2012 $25,361,652

area name l ist pr ice sold price sold date

homesite sales continued from previous page

VailRealestate.com

2012 slifer report

Page 23: Slifer Report 2012 - VBCBrokers.com

2012 slifer report 23

VailRealestate.com

$0

$200

$400

$600

$800

$1000

$1200

Compet

itor 1

SSF

MILLIO

NS

Compet

itor 4

Compet

itor 3

Compet

itor 2

Compet

itor 5

$38$97

$239

$72

$1,074

$156

Based on VBOR MLS residential data from 1/1/12 through 12/31/12. Sell sides and list sides combined for totals. Includes closest competitors only.

Today’s real estate market can be extremely complicated. Now more than ever it is important that you work with the market experts. Slifer Smith & Frampton Real Estate has a 50-year 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.

Knowledge. wisdom. insight.gained fRom 50 yeaRs seRVing

the Vail Valley.

closed sales volume 2012

Page 24: Slifer Report 2012 - VBCBrokers.com

vailre alestate .comvailre alestate .com

vail

Bridge Street

970.476.2421 | 800.544.2421

Solaris

970.477.5720 | 888.412.6620

Lionshead

970.479.0245 | 866.639.8245

avonCorporate Offi ce

970.845.2000 | 888.692.7360

Mountain Star

970.748.5545

The Westin Riverfront

970.748.5420 | 888.748.5420

cordiller aThe Divide

970.926.3505 | 800.624.0632

wolcot t

Red Sky Ranch

970.754.8411 | 877.973.3759

vill ages ofbeaver creek

Arrowhead

970.926.3000 | 800.535.8882

Bachelor Gulch Village

970.845.2300 | 888.677.8380

Highlands Lodge

970.845.9403

Park Hyatt

Promenade and Lobby

970.845.9400 | 800.944.9050

St. James Place

970.845.9900 | 888.773.8858

The Charter

970.845.3815

Vacation Ownership Center

970.949.5811 | 800.962.5920

eagle

Eagle Ranch

970.328.2550 | 877.328.2550

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