Looking to buy a home in the mountains right now is tough for some buyers. The active inventory is at its lowest point since October of 2006 and buyers looking in certain price points are finding there is competition and a limited selection. This is hopefully a good sign that we are on the up swing. Buyers looking for something under $500k up valley are having to act fast. This price point seems to have competition and multiple offer situations. If you are lucky enough to spend over $3M there is a wider selection of properties to choose from although there has been good sales activity in the luxury market range.
So far this year there have been 578 transactions under $500k which is up 27% from the same time period in 2011. Transactions over $3M are also up 29% over 2011.
If you are looking to buy a home in the mountains contact me and I would be happy to assist.
Keeping you informed on market statistics, real estate news, and events around town
Monday, November 26, 2012
Tuesday, November 13, 2012
- 8th Minturn Winter Market
- 10th Beginning of Snow Daze
- 13th The Shins
- 14th Michael Franti and Spearhead
- 15th Wilco
- 15th Happy 50th Birthday Vail Mountain!
- 15th Minturn Winter Market
- 17th Vail Holidaze
- 21st Michael Bolton
- 25th Merry Christmas
- 31st New Years Eve Celebration
Thursday, November 1, 2012
The Vail Market is keeping up momentum and our inventory is dwindling. The above chart illustrates the total number of active residential listings per month from the beginning of the year. Based on the number of transactions that have occurred through the month of September we were at a 7.9 month absorption rate. While some price ranges and areas have fared better than others, we are confident this trend will continue. Now is the time to make a move and buy your home in the mountains.