Led's Take

What’s happening in the Vail Valley market?

How’s the market?

Vail real estate remained both robust and resilient as we wrapped up 2024. Year-over-year data shows Eagle County residential sales up 7.5% in transaction volume and 15.1% in sales dollar volume. The average residential transaction in 2024 was up 7%, to $2.5M, and the average price/square came in at $1,060, up 6.4%. While closings at some of our new developments in Avon have bolstered these numbers, with Riverfront and Frontgate leading the charge, the trends are all very positive.

Driving these trends is continued strong demand (Vail really is a special place!) and inventory levels which still lag behind where they were five years ago. Yet inventory is up notably over where it sat during “the Covid years”, offering buyers a more diverse range of opportunities from which to select, and stirring additional interest in the market overall.

Another market force behind this trend was sales in the high end of our market. Looking at residential sales of $5 million and more, 2024 saw 111 transactions, versus 90 in 2023. Totaling almost $995 million in sold dollar volume, a jump of $260 million over 2023, this was yet another reflection of the strength and desirability of our community.

Please feel free to touch base to discuss our current market, or specific properties. It will be my pleasure to be of service.

What does this means to You?

If Selling

Low inventory, rising prices and solid demand combine to make this an opportune time to be on the market, should it be time for you to sell. This will be especially true over the next couple of months, February and March, as they represent “prime time” in our winter selling season. My encouragement would be to buff, polish and fully prepare your property for market, price it appropriately, and then make it as available as possible for Open Houses, previews and showings. Following these guidelines, you’ll best position yourself for a sale.

If Buying

Develop a “wish list” of items that are important to you before you start looking at property, including location (Vail or Beaver Creek? East Vail or West Vail?), desired amenities, views and any other attributes you can think of, along with the standard criteria of bedrooms, baths and square footage. Having a clear vision of what you are looking for will enable you to know it, when you see it, and then act accordingly!