Patrick Barrett here with a quick Market Update for the Resort Markets of Vail and Beaver Creek:
We are heading into the Holidays here, and both Vail and Beaver Creek have reported huge early season snow with over 100"of snowfall since the season opened mid-November, which is excellent.
The Villages have been busy week with visitors from all over the globe, and this will continue through the New Year.
November 2022 was another busy month here in the Vail Valley with just under $200M in closed sales during the month. While sales totals are down relative to 2021, the Vail and Beaver Creek markets are still pacing well ahead of 2019 which was a very strong year for real estate sales.
Notable sales during the month of November included:
- $40M sale of a 450 Acre Ranch Property with multiple residences in the Lake Creek Valley
- $29M sale of prime single-family home on Vail Mountain, one of only a handful of true, Ski-in/Ski-out residences in Vail Village.
- Our team represented the Sellers of a $10M property, also located in the spectacular Lake Creek Valley, just 20 minutes from Vail and Beaver Creek Resorts.
Over the past couple of years, inventory of available homes in this area have been at all-time lows. We are seeing some new options come available now, which is great news for Buyers.
Well-priced properties are still moving quickly, with Days on Market for the month of November down close to 10% across all price points.
If you are considering Buying or Selling a home in the Vail and Beaver Creek areas, please give us a call or stop into our office located at the Solaris in Vail Village, just above the ice-skating rink.