Every quarter, LIV Sotheby’s International Realty produces a Micro Market Report focused on Eagle County’s market performance, which includes the Vail Valley. For quarter one, this report is a year-over-year comparison of the first quarter of 2021, compared to the first quarter of 2022, analyzing January through March. Real estate brokers in the Vail Valley continued to face a fast-paced market filled with eager buyers and sellers throughout the first quarter of 2022. In Eagle County, the total sales volume year-over-year remained relatively steady, decreasing slightly from $592,470,067 in 2021 to $557,080,674 in 2022. While sales volume was down minimally, the average sold price continued to rise, increasing 28.7% bringing the average sold price in the first quarter of 2022 up to $2,255,387. The slight decrease in overall sales volume can be attributed to the ongoing trend of a scarce inventory market in which the Vail Valley saw a 26.9% decrease in listings sold year-over year for quarter one. From January to March of last year, 338 listings were sold, and this year only 247 listings were sold. This indicates that as the market’s inventory lessens, the value of owning property in the Vail Valley will continue to rise proportionately with the area’s popularity.
