As Vail Valley temperatures drop, real estate prices and sales volume continue to rise
On Real Estate
The aspens are beginning to turn from green to gold, mountain peaks saw the first dusting of snow this week, and there’s a chill to the morning air, but the Vail Valley real estate market shows no sign of cooling. August sales volume and average home prices were on the rise to wrap up a busy summer selling season.
LIV Sotheby’s International Realty’s monthly market report data shows that total sales volume in the Vail Valley was $266,128,015 in August, which jumped 72% from July. The median sold price was $1.582 million, an increase of 28% compared to the previous month. The median list price was $1.652 million, up 27% from July. 108 homes sold in August, compared to 70 homes in July.
Homebuyers continue to make quick decisions, as homes were only on the market for a median of 17 days in August. As of Sept. 14, there were 331 homes for sale and 337 homes under contract. For more market data, visit ColoradoMarketReports.com.
Top August sales by the LIV Sotheby’s International Realty team include a spectacular property on Daybreak Ridge that closed for $18 million, setting a new sales record for Bachelor Gulch, represented by LIV SIR brokers Bret Burton, David McHugh, and Heather Losa. This ski-in, ski-out estate perched on 3.57 acres offers access to 1,800 acres of world-class terrain in Beaver Creek resort, sweeping views of the iconic Gore Range, and a five-level cascading water feature. The sale price of $18 million exceeds the previous highest sold price in Bachelor Gulch by $2 million.
LIV SIR broker Malia Cox Nobrega represented the buyer for a Ptarmigan Road home that closed for $7.8 million in August. Located on the fourth fairway of the Vail Golf Course and nestled in a grove of aspen trees, this property offers panoramic mountain views as well as access to the Gore Valley Trail, just steps from the home. Matthew Blake of LIV SIR represented the buyer of a picturesque East Vail home on Lupine Drive. This mountain modern residence on the scenic banks of Gore Creek closed for $5.9 million and provides the sights and sounds of the mountain surroundings through accordion doors and outdoor entertaining spaces.
Autumn weather has many Vail Valley locals preparing for the upcoming ski season, with Vail scheduled to open on Nov. 10 and Beaver Creek’s opening day set for Nov. 22. The Vail Farmers Market continues through Oct. 8, and Vilar Performing Arts Center hosts the Underground Sound music series beginning on Oct. 15. Mountain bikers and hikers are enjoying cooler weather on the trails, and gondolas in Beaver Creek and Vail will continue to run on Saturdays and Sundays through the end of September.
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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.