Seasonal cycles bring dips to Vail Valley real estate sales volume
On Real Estate
Early season snow has started falling, ski resorts are opening, and the holidays are right around the corner. As is typical during the fall, sales numbers have dipped from the pace seen in late summer.
LIV Sotheby’s International Realty’s monthly market report data shows that total sales volume in the Vail Valley was $195,424,019 in October compared to $301,244,325 in September. The median list price was $1.45 million, down 27% from the previous month, and 103 homes sold in October compared to 106 homes in September. Median days on the market were steady, with 21 days in October compared to 23 days in September. As of Nov. 16, there were 308 homes for sale and 254 homes under contract. For more market data, visit ColoradoMarketReports.com.
Top October sales by LIV Sotheby’s International Realty include a luxurious penthouse at the Arrabelle at Vail Square represented by Tom Dunn, which closed for $9 million. This three-bedroom condominium boasts soaring ceilings, a deck overlooking Lionshead Village and the ski slopes. The Arrabelle at Vail Square’s ski-in, ski-out location is steps from the Eagle Bahn gondola and amenities including a rooftop pool and hot tub.
Corey Lamothe of LIV SIR represented a home in the Vail Golf Course neighborhood with an ideal location just minutes to Vail Village for skiing, dining, and shopping that closed for $4.9 million. Set in an aspen grove, this home features three fireplaces, two living areas, multiple decks, and lush landscaping with an outdoor fire pit and hot tub. Corey Lamothe also represented a beautiful five-bedroom home in Arrowhead, with a waterfall in the backyard and neighborhood amenities including an outdoor pool, spa, tennis and pickleball courts, and a convenient ski shuttle, which closed for $3,972,500.
As the ski season begins, winter events are ramping up throughout the Vail Valley. Vail’s Après Thanksgiving Concert Series will feature live music and DJs on November 24-26. Beaver Creek will host the Xfinity Birds of Prey Audi FIS Ski World Cup races on December 1-3, with international competitors taking on the challenging racecourse. The Vilar Performing Arts Center is welcoming winter with films from Warren Miller and Teton Gravity Research in the coming weeks.
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With endless outdoor recreation and an enviable arts scene, the Vail Valley continues to attract visitors from across the U.S. and worldwide. Demand remains steady for properties in these mountain towns as buyers consider relocating to the mountains or look for a family vacation home.
For real estate needs throughout Colorado’s iconic resort communities, visit your local LIV Sotheby’s International Realty office, explore properties at LivSothebysRealty.com or call 970-476-7944. LIV Sotheby’s International Realty services the resort markets of Beaver Creek, Breckenridge, Crested Butte, Telluride, Vail, Winter Park, and beyond. These legendary locations serve as a hub to discover your Colorado mountain dream home in the perfect setting for outdoor enthusiasts.