Keeping you informed on market statistics, real estate news, and events around town

Monday, November 26, 2012

Eagle County residential inventory is at its lowest point since 2006

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.

Tuesday, November 13, 2012

December Calendar of Events

    • 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

Vail Market Update

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.