Through August we have continued to see the market adjust and stabilize here in the Vail Valley as well as across the US. The number of new listings have decreased as we close out summer and both the number of units sold & total volume sold for August have increased substantially in both the broader market and in the more luxury focused 3M+ segment of the market. We are comparing month-over-month stats instead of year-over-year to give a more accurate picture of how the market is adjusting. With these adjustments taking place in days instead of weeks or months it is helpful to have real estate professionals guide you through the process. |
*Data provided by REcolorado/Metrolist MLS, and Vail Association of Realtors. All information is deemed reliable but not guaranteed. |
We know there is a prevailing theme throughout the past few years to try to “time the market”.
In 2010 the market cooled and appreciation was slower so selling and buying a new home was less appealing. In 2020 the rates were a record low & the market was hot but properties were appreciating at an unprecedented rate. In 2021 the market was very hot for sellers and meant less wiggle room in price and offer clauses. In 2022 we have seen interest rates rise and the market start to adjust, but we are not seeing the market cool or drop off as drastically as some have predicted.
In 2022 the goldilocks paradox is still present, and while some buyers are still waiting for the “perfect time to buy”, many buyers are still making offers. These offers have to be the right location, right property, and right fit for them. They are more discerning and have days to put in offers instead of hours. Sellers are still seeing homes sell at great prices, but those prices are reflecting a more sustainable market with a price that reflects long term value, but are not appreciating at the unprecedented rate each month that we were seeing at the end of 2021 and the beginning of 2022. Overall the best time to buy is often stated as “whenever you can afford to buy” and that stays true. As the market continues to stabilize, there are still many opportunities to find the right home right now, instead of hoping that 2023 brings the “just right” market of your dreams. |
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Resort Collective Listings |
1 Bath | 3,564 Sq. Ft. | $3,200,000 |
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Vail Concours and Car Show Since 2009, the Vail Concours (Formerly Vail Automotive Classic) draws a diverse group of automotive enthusiasts from across the United States and Canada. Entries range from contemporary supercars and sports cars to vintage collector cars and motorcycles. Learn more here! |
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Grab your Lederhosen and Dirndls! Vail Oktoberfest returns this September in Vail Village. Time-honored traditions like keg bowling, bratwurst eating competitions, and stein lifting competitions are making a comeback. This weekend is sure to be full of Bavarian music, dance, beer, pretzels, brats, and strudel. Learn more here! |
Bright Future Foundation 23rd Annual Aces & Eagles Golf + Tennis ChallengeTime to play! This year’s Aces & Eagles Golf Scramble & Women’s Tennis Challenge will be held at the prestigious Country Club of the Rockies and includes an online auction and supports the Bright Future Foundation. This member-only club is very rarely open to the public, Bright Future Foundation is honored to be one of only two charity golf events at the spectacular course. Learn more here! |
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Nova Guides offers guided and unguided ATV and side-by-side rentals from Camp Hale to let you explore Resolution Road and get a glimpse of true Colorado backcountry during peak fall colors. Learn more here. |
Mountain Bike Trails To Soak Up Fall |
Get a few last rides in before the snowfall begins. Take Allie’s Way or complete the Village-to-Village trail taking you from Beaver Creek, through Bachelor Gulch, and finishing in Arrowhead. Learn more here and here. |
Red Sandstone Road to Piney River Ranch Once at Piney River Ranch rent paddle boards at Piney Lake to make the most of the alpine lake and leaf peeping. Brush Creek Road to Sylvan Lake If you are l ooking for a chance to stretch your legs, continue on to Yeoman Park Campground & hike The Brown’s Loop trail. Vail Pass to Red Cliff Via Shrine Pass & Red Cliff to Vail via Battle Mountain Pass Make sure you stop into Mango’s in Red Cliff to enjoy some fish tacos and the charm of this small mountain town.
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The hiking options in the Vail Valley are almost endless, but a few of our favorites for fall are Berrypicker on Vail Mountain and Upper Piney River Falls Trail. Learn more here and here. |
Eagle Bahn Gondola & Gondola One- Vail
Friday, Saturday, & Sunday: 9:30AM – 4:00PM Centennial Express Lift – Beaver Creek Saturday & Sunday: 9:30AM to 4:30PM
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Etown
This Edwards staple is great all year long, but our favorite time to visit has to be in September when the patio cools down. The convenient location in the Edwards Riverwalk as well as the delicious food makes this our repeat dinner spot before catching a film at the Riverwalk Theater.
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Do you know what the single largest organism that can be found in the Vail Valley is? That’s right, Aspen trees! Aspen groves are categorized as a single organism due to their complex root system that links them all together as genetically identical trees. A byproduct of this is all the leaves will transform simultaneously leaving us with breathtaking views of fall foliage to enjoy seemingly overnight. |
The hassle–free way to sell your home faster and for a higher price. Compass Concierge helps you maximize your home’s value with home improvement services like staging, flooring, painting and more. No upfront costs, no interest. |
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