Vail Valley real estate prices dip slightly to start the summer

Summer is in full swing in the Vail Valley, and local home prices dipped slightly to begin the season. The median sale price in June was $1.06 million, an 8% decline from $1.14 million the previous month.

LIV Sotheby’s International Realty’s monthly market report data shows that total sales volume in the Vail Valley was $118,308,519 to kick off the summer, down 35% from a red-hot May. The sale-to-list price ratio held steady at 97% as sellers continued to receive very close to the full asking price for their homes. As of June 18, there were 527 homes for sale and 196 homes under contract. For more market data, visit ColoradoMarketReports.com.

Top June sales by LIV Sotheby’s International Realty include a sprawling six-bedroom mountain estate on Bachelor Ridge Road, which closed for $13.75 million with Anna Menz handling both sides of the transaction. With five junior suites, a ski room, and superior ski-in/ski-out access to the world-class slopes of Bachelor Gulch and Beaver Creek, this is the ultimate Colorado destination. Built in 1999 by one of the first families in Bachelor Gulch, this residence offers the new owners the best of mountain living.

Anna Menz also represented a six-bedroom residence on Elkhorn Drive, which closed for $12.5 million. Sweeping panoramic views of the surrounding mountains can be enjoyed on the outdoor deck complete with a fire pit, grilling area, and hot tub. With over 8,000 square feet, there is plenty of room for family, friends, and entertaining in this Bachelor Gulch home.

Matt Blake of LIV SIR represented a luxurious condominium at the Ritz-Carlton Residences which closed for $4.5 million with Andie Ohde of LIV SIR representing the buyer. This two-level penthouse residence boasts oversized windows, soaring ceilings, and views of the ski slopes from its premier location in Lionshead. The new buyer will also enjoy the Ritz-Carlton amenities, including the swimming pool, fitness center, and Lobby Lounge.

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Summer activities and events are well underway in the Vail Valley. The Vail Farmers Market takes place each Sunday with 148 vendor tents offering local food and drinks, jewelry, art and more from 9:30 a.m. to 3:30 p.m. Upcoming performances at the Vilar Performing Arts Center in Beaver Creek include Straight No Chaser, Ben Folds, and Joss Stone. The 85th annual Eagle County Fair and Rodeo will take place on July 22-27 with PRCA rodeo events, a livestock show, a carnival, and live music. 

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.