Vail Valley Real Estate Sales Fluctuate with the Seasons
As autumn transitions into early winter, the Vail Valley experiences its annual shift, witnessing the onset of snowfall, the opening of ski resorts, and the anticipation of festive holidays. As typical for the season, sales metrics have cooled from the vigorous pace seen during late summer.
According to LIV Sotheby’s International Realty’s monthly market report, October marked a notable decline in total sales volume, with figures at $195,424,019 compared to the robust $301,244,325 recorded in September. The median list price experienced a significant decrease of 27%, resting at $1.45 million in October, while the month saw the sale of 103 homes in contrast to 106 homes sold in September. Median days on the market remained relatively steady, recording 21 days in October versus 23 days in the previous month. As of November 16, the market reported 308 homes for sale with 254 homes under contract. Comprehensive market data is available at ColoradoMarketReports.com.
Highlighting the elite October sales facilitated by LIV Sotheby’s International Realty, a lavish penthouse at the Arrabelle at Vail Square, represented by Tom Dunn, was finalized at $9 million. This exquisite three-bedroom condominium features soaring ceilings, a deck offering panoramic views of Lionshead Village and the ski slopes, and access to premium amenities including a rooftop pool and hot tub. Another notable sale, represented by Corey Lamothe of LIV SIR, involved a residence in the Vail Golf Course neighborhood. Sold for $4.9 million, this home’s prime location provides swift access to Vail Village for skiing, dining, and shopping, nestled within an aspen grove and boasting three fireplaces, multiple decks, and lush landscaping with outdoor amenities like a fire pit and hot tub. Corey Lamothe also represented a stunning five-bedroom home in Arrowhead, closing at $3,972,500, featuring a serene backyard waterfall and community perks such as an outdoor pool, spa, tennis and pickleball courts, and a convenient ski shuttle.
Simultaneously, as the ski season commences, the Vail Valley gears up for a series of winter events. The Après Thanksgiving Concert Series in Vail promises live music and DJs from November 24-26, while Beaver Creek hosts the Xfinity Birds of Prey Audi FIS Ski World Cup races from December 1-3, attracting international athletes to tackle the demanding racecourse. Additionally, the Vilar Performing Arts Center sets the winter mood with screenings of films from Warren Miller and Teton Gravity Research in the upcoming weeks. This vibrant array of activities, combined with the area’s wealth of outdoor adventures and flourishing arts scene, continues to draw visitors from across the U.S. and globally. The steady demand for properties within these mountain communities reflects an enduring interest among buyers, whether considering a relocation to the mountains or seeking a cherished family vacation home.