August 2022 Newsletter

Buying frenzy slows but home prices remain sky-high in Colorado mountain towns

According to the Colorado Sun, “the number of transactions is waning as the supply of homes for sale declines, but buyers continue to pay record-setting prices for high country homes.” Learn more here.

Let’s Take a look at Vail Valley specific stats for July:

Vail Valley-specific sales June 2022

Transactions: 115

Sales volume: $194mm

Median sale Price: $1.2mm

Vail Valley-specific sales July 2022

Transactions: 75; down 35%

Sales volume: $119mm; down 39%

Median sale Price: $1mm; down 15%

As you can see, although Vail Valley sales transactions are down 35% due to limited inventory and fluctuating interest rates, our median sales price is still 18% higher year over year for the month of July.

In addition, on a national level, the median days on market are extending and experts are reporting that the overall market is cooling off, but we are not seeing that in Eagle County. July and June both showed an average of 7 median days on market which is 2 days less than July 2021.

Although the market is still fluctuating, we can anticipate more inventory in the coming months.

*Data provided by REcolorado/Metrolist MLS, and Vail Association of Realtors. All information is deemed reliable but not guaranteed.

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34999 Highway 6, Unit O 203

Edwards

2 Bed | 1.75 Bath

1855 Paintbrush

Mountain Star

2.57 Acres

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Events & Festivals

28th Annual Vail Jazz Festival

June 30 – September 5

Live jazz returns to Vail this summer with the 28th Annual Vail Jazz Festival! The festival will run from June 30 – September 5, 2022 with a robust series of world class jazz performances in the heart of Vail, featuring the very best in hot jazz, bebop, bossa nova, gypsy jazz, big band sounds and more! Learn more here.

Vail Farmers’ Market Farm to Table Series

August 26 at 6:00 PM

Enjoy a delicious pop-up culinary experience crafted from locally sourced ingredients by renowned chefs on the streets of Vail.

Learn more here.

Beaver Creek Oktoberfest

September 2nd – 4th

Don you dirndls and lederhosen for this celebration & raise your stein and sip on authentic German beers while the whole family enjoys music and games. Learn more here.

Gourmet on Gore

September 2nd – 4th

This 3-day open-air festival centered around good food, wine, beer, and music. Presented by Audi, guests will not only be able to enjoy a range of curated meals but also participate in activities like yoga, bring your own mat, or the Trail to Table Hike. Learn more here.

Get Your Adrenaline Pumping

with the Mountain Bike Town Series August 31st.

This Mountain Bike Race Series returns for its 39th year to offer fun and exciting racing to mountain bikers of all ages and experience levels.

Learn more here.

Cool Down

with local Yoga classes throughout the Vail Valley.

Beaver Creek Outdoor Yoga

Learn More

GOGA Vail Yoga

Learn More

Mountain Top Yoga at Mid-Vail

Learn More

Drunken Goat

More than a wine bar, Drunken Goat handcrafts lunch and dinner with locally-sourced and artisan ingredients. Their cheesemonger and wine experts meticulously select each bottle of wine and block of cheese for you to enjoy on their sprawling outdoor patio. We love this spot because it’s the perfect place to gather with friends and their customizable cheese order form makes sure there is something for everyone. You can find Resort Collective indulging in some late afternoon snacks at Drunken Goat’s spectacular happy hour.

The iconic Vail Clock Tower had apartments on the upper floors and was the flagship location of Gorsuch Ltd on the first level. This tower fully embodied the little ski town from its Bavarian roots, to its laid back style. It was so laid back, the clock was notorious for inaccurately telling the time until the early 2000’s when Satellites were introduced to help ensure accuracy.

Not only do we know Vail and Beaver Creek, we know the best agents across the country. Watch the video below to learn more or reach out to me today directly.

Compass is a licensed real estate broker and abides by Equal Housing Opportunity laws.

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