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.

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