December 2022 Newsletter

As 2022 comes to a close, it’s time to indulge in the festive spirit. Whether you’re spending time with friends and family, strolling snow-covered streets, or popping sparklers, we hope you have a great December!

Read on for seasonal tips and discover lifestyle trends to enjoy through the rest of the year.

Happy December!

As 2022 comes to a close, it’s time to indulge in the festive spirit. Whether you’re spending time with friends and family, strolling snow-covered streets, or popping sparklers, we hope you have a great December!

Read on for seasonal tips and discover lifestyle trends to enjoy through the rest of the year.

Real Estate Update

As we close out 2022, we are optimistic to see where 2023 leads us. This year the real estate market has finally started to stabilize after the last 2 years. We have not seen the drastic drops in home valuation or interested buyers, that some have been predicting, and we expect a more balanced market the next few months to start off 2023. 

Local Update

Residential
Vail Valley | November 2022

As the market stabilizes and we enter our final month of 2022, we can see a more balanced market being reached in 2023. As you can see  the active listings were up 20% year over year for November, and we expect buyers to have more room for negotiations and for sellers to still be able to capitalize on the extra appreciation their property has garnered over the last year. Buyers are still looking for properties in this area, and the value of homes in this mountain market is holding. 

Residential $3M+
Vail Valley | November 2022

For the luxury market in the Vail Valley, we see not only more active listings, but we also see the average days on market drop drastically. This is a sign that our local market still has opportunities for buyers and sellers. Although we do not know what 2023 holds, we expect the market to continue to stabilize, and demand to stay steady for homes in this area due to the limited inventory and lifestyle advantages the Vail Valley offers.

Source: Vail MLS (Avon, Beaver Crk, Bond, Dotsero, Eagle, Eagle-Vail, Edwards, Gypsum, McCoy, Minturn, Red Cliff, Vail, Wolcott)

National Update

Global Trends Impacting Real Estate in 2023

Looking ahead to the new year, the annual report from PwC highlights the top factors that will drive changes to real estate. Macro forces of today will result in changes for real estate in 2023—from the sales pace and buyer preferences to city infrastructure and investor demand. Check out the article to read about it all, and get an inside peek at the top markets to watch.

Courtesy of PwC

 Follow us on Social Media and our Blog to get up-to date information on the Vail Valley real estate market and local events in our resort communities.

Featured Listings

Beaver Creek

Elkhorn Lodge #114

3 BD   4 BA   2318 SF   $3,995,000

An unparalleled mountain experience awaits in this extraordinary residence nestled in the world-class resort of Beaver Creek. This truly is a one-of-a-kind opportunity to own one of the most sought-after properties in Beaver Creek Village. Elkhorn Lodge 114 is a luxurious residence located on the ground floor with three generous suites that wrap around three corners of the building and is ski-in/ski-out via the Elkhorn Lift. 

View Listing

Cordillera The Summit

303 Graham Road

3 BD   4 BA   4196 SF   $3,599,000

View Listing

Edwards

The Reserve Unit O 203

2 BD   2 BA   877 SF   $679,000

View Listing

View All Vail & Beaver Creek Listings

Local Favorites

Local Events

December 15 – 17

Vail’s 60th Birthday Bash!

Although the celebration is taking place all season long, a three day birthday bash is planned to kick off the celebration in style. 

Thursday, December 15:
DJ Set with Cauldron | On Vail Mountain
Vail Village Tree Lighting and 60th Anniversary Celebration
Friday, December 16:
Concert | with Mountain Rose |  Vail Village
Saturday, December 17:
Concert | with Boot Juice & Marvel Years | Vail Village

Learn More About Vail’s 60th Season Here

December 8 – 11

Vail’s Kris Kringle Market

As you stroll through Vail Village,  enjoy shopping at the market festooned with greenery, European trim and holiday cheer! You’ll find unique, made-in-Colorado items for your holiday gifts.

Learn More Here

December 10

Vail Ugly Sweater 5k Fun Run

We are excited for another wonderful season soaking up the beauty of the Vail Valley & taking a trip or two to the Candy Cabin at the top of Strawberry Park. ⁠

Learn More Here

December 23  | 6:30PM

Vail Ice Skating Spectacular 

This ticketed 90 minute, high energy, show features 2 Olympians, Team USA and Seasoned Ice Skating Professionals at Dobson Arena

Learn More Here

December | Every Sunday

Dine with the Dogs At Henry’s Hut

Helly Hansen invites you to grab an early lunch on top Vail Mountain and meet members of Vail Ski Patrol and their avalanche dogs. Dog training, rescue drills and Q&As with patrollers are on the menu. Head over to Henry’s Hut with your family and friends between 10:30 and 11:30AM every Sunday to meet the Pros!

Learn More Here

Local Activities

Get Your Adrenaline Pumping

Timbersleds

Rocky Mountain Adventure Rentals

Learn More Here

Take It Slow And Enjoy The View

Snowshoe

Best Colorado Snowshoe Trails

Learn More Here

Local Restaurant

Hovey and Harrison

Hovey & Harrison have a variety of local, seasonally inspired foods! They are a Cafe, Market, and Bakery all rolled into one. We love them because they are a wonderful place to gather at any time of the day. They also happen to be our neighbors in our new Edwards Office!

Learn More Here

Local Gift Guide

Check out Covered Bridge Magazine’s holiday gift guide for all your last minute holiday shopping. These items have been tested by the Vail Valley staff and are perfect for any mountain lovers on your list this year!

Shop the Gift Guide Here

Vail Valley Fun Fact

The Birds of Prey course was constructed in 1997 as a new men’s downhill course at Beaver Creek and the course only underwent one test event prior to the the 1999 World Alpine Ski Championships. The designer, Berhnard Russi, connected the dots to Beaver Creek’s existing runs with the intent to “listen to the mountain and see what it tells”. His goal was to not change the mountain, but focus on leveraging the existing features. Even after 20+ years, Birds of Prey is regarded as one of the top courses on the World Cup circuit.

Learn More Here

Compass Collections

Collaborative tools to streamline your home search.

Compass Collections is a visual workspace for us to organize and discuss the homes you want to see. We’ll maximize your time and energy and minimize the runaround with efficient communication in one platform. With the Collections tool, we can stay on the pulse of market activity and collaborate with one seamless tool.

Looking to reduce your energy bills this winter & make your home more energy efficient?

Our friends at Walking Mountains Sustainability offer programs, rebates, and incentives as well as coaching and free assessments for your home. 

Learn More

Compass is a licensed real estate broker. All material is intended for informational purposes only and is compiled from sources deemed reliable but is subject to errors, omissions, changes in price, condition, sale, or withdrawal without notice. No statement is made as to the accuracy of any description or measurements (including square footage). This is not intended to solicit property already listed. No financial or legal advice provided. Equal Housing Opportunity. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions.