REAL ESTATE NEWS | EAGLE COUNTY
What a year in national and local real estate! While our market experiences some of the trends the national macro-market sees, there likely has never been a time where local real estate experience and knowledge has been as valuable as now.
Although numbers softened in 2023 compared to 2022 (and previous years) – unit sales were down 21% and dollar volume declined by 12%, prices continue to rise in many neighborhoods because of strong demand and still lower than average inventory. Good news is that available homes for sale in Eagle County are more than double what they were to start 2023 and with interest rates beginning to shift down, we expect more properties to come available as we enter our more traditional buying and selling season (see spring and summer). That timing, along with declining rates, may create another environment of more active buyers and sellers moving from their current property (and interest rate) into a new home that fits their lifestyle better.
This means that if 2024 has you considering a move to purchase or sell in the market, now is the time to start the conversation. There are pros and cons to making a move today and depending on your goals, we can devise a plan that will best position you for success this year. Real estate is extremely local, interest rates are constantly shifting, and buyer activity is strong – let’s visit and talk about your plans this new year.
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.
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.
For those whose love of the crisp mountain air and snowcapped vistas is matched only by the rush that comes with carving a line through fresh powder, turning that passion into a way of life is a common dream. The key to making it a reality is finding a home to buy in a true ski town.
The economic research team at Realtor.com® pored over data to find the ski towns where prices have gone up the most, something investors and homeowners who rent out their homes part time like to see. The average price appreciation across all ski towns is about 48% over the past three years, compared with roughly 37% nationally, according to a Realtor.com analysis. Call me to learn what the appreciation percentage is in your area of interest, each market area has a different value.
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Established in 1963, Ski Club Vail hosted its inaugural Rocky Mountain Ski Association race, giving rise to the Vail Cup.