Tye Stockton on the Vail Valley's $10M+ Luxury Market in 2021

Tye Stockton

01/20/22

2021 was one for the record books. Just when we felt we couldn’t top 2020, the Vail Valley pushed to nearly $4B in sales - by far our biggest year in history. Leading the charge on the high end of the market were sales above $10m which seemed to be more commonplace despite low inventory. We transacted nearly 30% more deals above $10m than the previous year. Compass made its mark in it’s first year of operation in Vail in the ultra-luxury space with 5 transactions. Stockton Group accounted for those 5 sales and was honored to finish #1 in sales volume with over $332m. 
 
We saw continued buyer interest from Mexico City, Texas, California, Florida and the Northeast as buyers scooped up condos, homes, and land. Prices continue to trend higher and we expect this trend beyond 2022. Luxury buyers are seeking bigger homes with more land and amenities like pools, game rooms theaters and home automation and technology. Homes in remote areas really garnered a lot of interest. 
 
I’m summary, inventory is at historic lows as is the case across the country and sellers with wrestle with selling now or waiting to see if prices will drift higher. 

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