Vail Valley real estate sales volume on the rise as ski season begins
On Real Estate
LIV Sotheby’s International Realty/Courtesy photo
With the Thanksgiving holiday around the corner and winter on the way, the Vail Valley real estate market is heating up. October brought an increase in sales as well as an uptick in price, despite being in the midst of the shoulder season.
In October, 96 homes sold, up from 92 homes that closed in September. Local home prices rose slightly with a median sale price in October of $1,759,500, an increase from $1,605,000 the previous month.
LIV Sotheby’s International Realty’s monthly market report data shows that October’s total sales volume in the Vail Valley was $293,016,345, a 22.18% increase from the previous month. The sale-to-list price ratio was at 97% as sellers continued to receive very close to the full asking price for their homes. As of Nov. 14, there were 379 homes for sale and 170 homes under contract. For more market data, visit ColoradoMarketReports.com.
Top October sales by LIV Sotheby’s International Realty include a newly constructed Mountain Star home situated on a 3.59-acre lot which closed for $9.9 million. Each of the five generously sized bedrooms provides beautiful views, ensuite bathrooms, and oxygenation systems. Additional features include heated decks, a walk-in mud room with lockers, and connected indoor-outdoor kitchens. Matt Blake of LIV SIR represented the buyer for this sale.
Barbara Gardner from LIV SIR represented the buyers in the purchase of one of Mountain Star’s most private estates on a coveted homesite, with views stretching from the Gore Range to Beaver Creek Mountain. The magnificent eight-bedroom, nine-bath residence, which features expansive windows framing perfect panoramas as well as generous outside living to enjoy nature’s beauty, closed for $7.695 million. The coveted community of Mountain Star offers only 90 lots within its gates as well as 1,300 acres of open space and miles of private trails.
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David McHugh and Heather Losa of LIV SIR represented the original owner of a rare slopeside condominium at One Beaver Creek, which sold for $7.55 million. Overlooking the slopes of Beaver Creek and steps from the Centennial Lift, this exclusive residence — one of only 17 units — boasts a 750-square-foot wrap-around deck, two gas fireplaces, and a private elevator opening directly into the home. Chris Irving of LIV SIR represented the buyer in this exceptional sale.
Vail opens for the 2024-25 ski season on Nov. 15 and Beaver Creek will start spinning lifts on November 27. Upcoming performances at Beaver Creek’s Vilar Performing Arts Center include Elephant Revival, Grace Potter, and the Nutcracker Ballet presented by Vail Friends of Dance. Beaver Creek will host men’s and women’s FIS Alpine Ski World Cup races on consecutive weekends in December.
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.
