Two reasons for frustrated buyers to be hopeful. Mortgage rates are back down and inventory levels are rising. Mortgage Rates Experience ‘Summer Swoon’ as Fed Maintains Status Quo“The
July 2021 Real Estate News Events In The Vail Valley
Dated: July 12 2021
Summer Real Estate Market In Eagle County
It is a favorite time of year for many residents of Eagle County who learned after their first winter how special the summer and fall seasons are here. The abundance of recreational activities, cultural events, and our comfortable climate create an environment full of options! Below you will find some of our favorite events to enjoy this summer - please be sure to check them out and let me know about your experience.
As we embark on the summer months, our real estate market continues a steady pace given that it is technically "off season". Activity in some neighborhoods (both resort and our bedroom communities) are above historic norms as homeowners decide to leverage the activity level of the market and price appreciation to sell this summer. Inventory levels have risen slightly in the last month (to be expected) and pending sales have followed suit - both are in-line with our historical trends.
One of the largest challenges we face today is how to price homes in the market. While it seems that each sale tops the previous one in terms of price, the challenge is to help sellers price properties to the market, where they will garner the most attention and the most offers to consider. This is where brokers can be one of your best resources as they have all the past data and also insight into what comparable properties are likely to be selling for. We also use the knowledge of our group here at Berkshire Hathaway HomeServices to help each other price properties so that when we come to the market we have the feedback and insight from many successful brokers to best position your home. It's the collaborative effort that helps sellers maximize their property sale in this everchanging landscape.
If you would like to know more about our process and the value of your home in today's market (it's likely different than a month or two ago), please reach out anytime. Until then, enjoy this special time of year and all the valley has to offer.
Berkshire Hathaway HomeServices Colorado Properties is celebrating 50 Years of Success. Thank you for welcoming us to the Valley and shaping our business over these last 50 years. Our history would be nothing without people like you. We thank you for trusting us to help you find your forever home and look forward to 50 more years of creating memories with you.
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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Summer Real Estate Market In Eagle CountyIt is a favorite time of year for many residents of Eagle County who learned after their first winter how special the summer and fall seasons are here. The
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