REAL ESTATE NEWS | VAIL AND BEAVER CREEK

Inventory and Pending Sales Up!

It has been a beautiful summer in the valley. A stormy spring yielded an abundance of wildflowers and great fishing and river activities. Bravo!, Gypsum Daze, the Eagle Fair and Rodeo, Dance Festival, and farmer’s markets have been summer staples and brought both locals and visitors together to enjoy the events and build community.

In real estate, positive trends have emerged in the market with active listings and pending sales both higher than a year ago at this time. Market activity remains strong with new listings continuing to come to market as we approach the historic peak of inventory to start August. Despite challenges with higher interest rates, buyer demand is significant. New construction and remodeled homes are capturing buyer attention and warranting strong sale prices and continued bidding wars for new and “like new” construction.

Pricing to the market remains paramount. In all geographic areas and price points, buyers remain selective and critical of price, location, and condition. Properties that have not garnered attention because of condition still have a place in the market – but they need to be priced accordingly.

If you are interested in learning more about the value of your home or curious about a specific area, please contact me today. The market remains dynamic, and I would enjoy the opportunity to discuss your specific questions and goals.

There is much to enjoy and look forward to – wonderful August events (see below), Oktoberfests throughout the valley, and the annual changing of leaves and fall weather. I hope you have had an opportunity to get out and enjoy everything the valley has to offer!

Market data from the Vail MLS. All statistics are deemed reliable but not guaranteed and BHHS may not have participated in each reported sale. Please contact me for statistics in your specific neighborhood. I have some great reports I can share with you about your neighborhood or one that you are interested in.

August 10th – 13th

Immerse yourself in the world of wine during expertly paired dinners and lunches throughout the weekend. The adventure continues with paired wine hikes and lifestyle events.
 

August 10th – 13th

Immerse yourself in the world of wine during expertly paired dinners and lunches throughout the weekend. The adventure continues with paired wine hikes and lifestyle events.
 

Friday August 25th | 5 PM – 9 PM

Watch artists create works in their medium over a three-hour period all while listening to fabulous FREE MUSIC from Laurie D and the Blues Babes and the Altitones. Then vote for your favorite Artist and bid on the produced pieces!!
 

September 1st – 3rd

Celebrate Oktoberfest with three days of food, drinks, and fun over Labor Day weekend in Beaver Creek. Don your dirndl or lederhosen and join us for our many competitions as well as family fun in the kids activity area.
 

Sunday September 3rd

The Vail Duck Race normally puts about 15,000 ducks in Gore Creek. The ducks start at the Covered Bridge in Vail Village and race to the International Bridge also in Vail Village. The first duck across the finish line wins $5,000 for the person who adopted it. Local Vail Valley businesses donate prizes for the second, third, fourth etc. duck winners.
 

September 8th – 10th

Festival guests will enjoy 3 days of classic Bavarian fare including brats, spaetzle, pretzels, and more. In addition to eating like a true Bavarian, the festival features authentic music and dance. Located in Lionshead Village.
 

The Berkshire Hathaway HomeServices brand is the most prestigious in real estate, built on the strength and stability of Berkshire Hathaway, one of the most recognizable, respected, and trusted names in the world. The Berkshire Hathaway HomeServices network proudly represents home buyers and sellers as a brand for everyone. Elevating each part of the real estate journey and beyond, while supporting clients every step of the way.