Whats Happening in the Vail Valley – November 2020

Gore Creek, Vail

Vail Valley’s Market Continues to Make

Waves through Q3

LIV Sotheby’s International Realty’s Q3 Micro Market Reports are here! Despite the market slowdown in the spring due to social distancing restrictions, Colorado’s resort markets performed exceptionally well through September of 2020.
From January to September, compared to the same time frame of 2019, communities in the Vail Valley area had an increase sales volume of nearly 30%. Leading the pack on transaction volume were single family home sales which grew nearly 15% from 312 transactions last year through September to 358 transactions this year through the same time period. This rise is a result of consumers’ desire to find a safe haven away from crowded cities. We are seeing concern about covid, concern about civil unrest, as well as concern about tax implications of issues going on in these cities. Many buyers are indicating that they have been contemplating such changes for years but the current dynamic created a sense of urgency to make a change and take action. Many people are spending more time in their second homes than ever or are making their second homes more of a primary or split home use. Due to this increase in demand, average home prices sold for the Vail Valley grew from $1,268,544 to $1,601,877, a 26.3% increase. Having said that, when you look at price per foot figures, buyers are still being extremely concerted in their decision making and we are not seeing outrageous prices being paid on properties for the most part. Properly priced properties that were well prepared to go to market are getting snatched up quickly while properties that are not properly priced or prepared can still sit. Not selling within a reasonable time in this market is extremely stigmatizing so now more than ever it is important to hit the mark out of the gates to fully take advantage of the current demand. Feel free to reach out to Malia if you would like to learn market details specific to your property.

Market Review | 2020 Year-to-Date

The most expensive sale in the Vail Valley for October 2020 was a 10,870-square-foot, 6- bedroom, 10-bathroom residence located at 2500 Cresta Road, Arrowhead which sold for
$12,300,000.

Malia’s Featured Listings

Vail’s Mountain Haus is located in the heart of Vail Village adjacent to the iconic Covered Bridge and Gore Creek. Unit 337 has been fully renovated and is just steps from some of the finest restaurants and great retail shopping that Vail Village has to offer. Just a short walk over the Covered Bridge, down Bridge Street and to Gondola One will link you to over 5,000 acres of world-class skiing on Vail Mountain. Enjoy the free Town of Vail In-Town shuttle service that takes you from Ford Amphitheater to Lionshead Village and everywhere in between; the closest pickup directly across the street from the main entrance. This partially furnished condo has great windows for ample light, a charming private balcony and a cozy living room with a gas fireplace to gather after a day out on the town. Unlike most properties in Mountain Haus, this property has a newly installed washer and dryer within the unit for added convenience. Owner’s have full access to all the great amenities at Mountain Haus, including the outdoor pool area and hot tub, sauna and steam rooms, a brand new fitness center, owner’s ski storage and on-site management, making this desirable location the perfect property for a rental investment. Opportunity is beckoning to enjoy effortless living in one of the most prime mountain resort locations in the world.
Opportunity to own a beautifully remodeled, contemporary Vail Golf Course Townhome that is light, bright and furnished. This mountain modern retreat has been remodeled and reconfigured to maximize the space and storage with hidden closets thus no shortage of room for all the gear of the outdoor enthusiast, while still maintaining a clean look. There is plenty of space for the whole family, including the upstairs loft that has been turned into a 5th bedroom with a full bathroom (although may be a non conforming entrance), pull out wardrobe closet and a gorgeous view of the Gore Range. Enjoy the largest patio in the Vail Golfcourse Townhomes with a gas fireplace and side yard, enclosed with a stone wall and shrubs for added privacy. Other features include tons of added canned lighting throughout for a gorgeous bright feel, Sonos built-in sound system, modern gas fireplace in the living room, nest thermostats and completely renovated bathrooms. The remodel added bathrooms so that all bedrooms have their own bathroom. This is an ideal layout for having many friends and family gather.

Malia represented over $12 Million in

transactions in October 2020. Year-To-Date Malia has closed over 92 million in sales volume.

A Recent Article Featuring Malia
LIV to Give this Season
This season we are reminded to appreciate the little things and do what we can to brighten others’ days. At LIV Sotheby’s International Realty, we want to do everything we can to support the communities in which we live and serve.
There are plenty of ways to give back to other and make a difference this month. Visit coloradogives.org to find out how you can lend a hand. Use the website’s search tool to find volunteer opportunities and deserving organizations to make a donation to in your community.

 Upcoming Events

Vail Ski Resort
Opening Date: Nov 20th

Beaver Creek Ski Resort
Opening Date: Nov 25th