January home prices dip in Vail Valley real estate market
On Real Estate
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The local real estate market saw a seasonal dip in home sales in January, as is typical at the beginning of the year. Last month, 58 homes sold, a 22% decrease from the 74 homes that sold in December 2023. The median sale price was $1.36 million, down from $2.31 million. The median list price was $1.46 million in January.
LIV Sotheby’s International Realty’s monthly market report data shows that total sales volume in the Vail Valley was $111,051,460 in January, compared to $180,170,830 in December 2023. The sales-to-list price ratio held steady at 96%, as sellers continue to receive very close to the full asking price for homes. As of Feb. 15, there were 278 homes for sale and 215 homes under contract. For more market data, visit ColoradoMarketReports.com.
Top January sales by LIV Sotheby’s International Realty (LIV SIR) brokers include a 4-bedroom Village Walk home in Beaver Creek which closed for $8.55 million, with David McHugh and Heather Losa representing the buyer. This ski-in, ski-out residence adjacent to Dally Ski Way provides views of Red and White Mountain, a spacious deck, and a private hot tub. The great room boasts soaring vaulted ceilings, a floor-to-ceiling limestone fireplace, and oversized windows to enjoy the scenic mountain vistas.
David McHugh and Heather Losa of LIV SIR also represented the buyer for a five-bedroom Chateau Terrace condominium in Beaver Creek which closed for $7.65 million. In addition to ski-in, ski-out access to world-class terrain, this exquisite home features a gourmet kitchen, a private terrace with mountain views, and luxurious finishes. As part of the Chateau Residence Club, owners can enjoy the spa, fitness center, and concierge services. These sales were made possible through the extensive Sotheby’s International Realty network.
Chris Scherpf of LIV SIR represented the buyer for a newly constructed home in the Edwards Riverfront Estates which closed for $4.13 million. This light-filled single-family home perched beside the Eagle River offers a mountain modern design, floor-to-ceiling windows with stunning views, and a private pathway to the river. The owners can access Beaver Creek Resort via the Arrowhead Ski Area across the street.
Winter events continue throughout the valley. Celebrate the Legacy of Vail with a parade, Blackhawk helicopter landing, and the Riva Ridge ski down on February 24-25 to honor the contributions of the 10th Mountain Division. The Vilar Performing Arts Center in Beaver Creek has a stellar winter lineup including upcoming performances by Grace Potter, Penn & Teller, and Dawes & Lucius.
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For real estate needs throughout Colorado’s iconic resort communities, visit your local LIV Sotheby’s International Realty office, explore properties at LIVSothebysRealty.com or call 970-476-7944. LIV Sotheby’s International Realty services the resort markets of Beaver Creek, Breckenridge, Crested Butte, Telluride, Vail, Winter Park, and beyond. These legendary locations serve as a hub to discover your Colorado mountain dream home in the perfect setting for outdoor enthusiasts.
