REAL ESTATE IN THE VAIL VALLEY SINCE 1971INVENTORY CHALLENGES CREATE OPPORTUNITIESAt the end of September we are experiencing an inversion of available homes for sale and those that are under
September 2020 Real Estate News Events In The Vail Valley
Dated: September 10 2020
The valley's real estate momentum has carried into September with an unprecedented market in the midst of unprecedented times. The confluence of lifestyle changes, historically low interest rates, and the beauty, security and recreational opportunities here have resulted in real estate numbers we simply have never seen before.
The numbers tell a story of supply and demand, home buyers making life changes and an overall confidence in a market and a community. Unit sales still lag a very strong 2019 (down just 6.1%) and dollar volume is up 9.5%. Pending sales from 2019 are up 60% as we enter September. The strength in the closed and pending sales has been offset (to a degree) with limited inventory in some market and price niches.
That said, we are seeing untraditional market moves and more listings are coming to the market every day (when normally we see a steady decline this time of year). If you currently own and are considering a sale of your property, please contact me - the market is moving quickly and prices continue to rise so a current analysis of your home's value likely yields a different market price than 6 months ago.
If you are looking to buy, let's talk! Having a very clear understanding of what you are looking for, the area, price range and specific details for a home will allow me to identify current listings and help uncover unlisted properties that may be coming to market soon. I look forward to connecting with you soon!
Mark grew up in Baltimore, MD and moved to the Vail Valley in 1992. He didn’t wait long after moving here to open what is now one of the most successful ski shops in the valley, Venture Sports. Seve....
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Unprecedented!The valley's real estate momentum has carried into September with an unprecedented market in the midst of unprecedented times. The confluence of lifestyle changes, historically low