2024 Inventory and Demand Up

January sales (generally a product of November/December contract activity) were up 33% compared to January last year and pending sales, inventory, and dollar volume remain at elevated levels in a sign that there appears to be a more normal, predictable pattern of activity developing in the market. Inventory is up 25% compared to 2023, pending sales are up 8%, while dollar volume increased 47% year-over-year.

Movement in interest rates has created opportunities for some local homebuyers to lock-in rates well below 2023 highs and equity market strength has helped resort buyers enter the market with the county-wide average sale price in January over $2,150,000 and average price per foot over $1,000 – both higher than a year ago.

Nationwide, home prices are expected to increase moderately and combined with expected rate cuts in the spring and summer, the market should see its historic norms return with more properties for sale to meet the strong demand for mountain lifestyle living. If buying or selling (or both!) are in your 2024 plans, there is ample evidence that now may be the right time to make a move. Although inventory is elevated, selling your property now allows you to avoid competition for buyers in the spring/summer and you will be in a market where there is more demand than availability – still an envious position to be in as a home seller.

Let’s talk! Our unique market and its neighborhoods warrant a deep dive into your specific situation. Together, we can devise a plan to make the most of our present market.

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.

February 24th & 25th

Celebrate the Legacy of Vail with the 10th Mountain Parade, Black Hawk landing, the anniversary of Riva Ridge Ski down and more! All events are open to public participation except the Ski Troopers Cup Race.

Saturdays through March

On Saturdays during March the heart of the village comes to life with carnival games, the Fossil Posse stage production, a caricaturist, and Beaver Creek themed prizes.

February 24th & 25th

Take on the Talons Challenge at Beaver Creek. Try to conquer over 26,000′ of vertical down 14 of the toughest black and double black diamond runs on the mountain-in one day!

March 9th

Get ready to hit the slopes with Jonny Moseley and embrace the thrill of the SKI for MS Vertical Challenge. This epic event combines your passion for skiing and riding with a purpose – supporting the MS community.