Welcome Spring!Spring in the Rocky Mountains has arrived! That means a day of 70+ weather followed by rain and/or snow and then back to the warm temperatures. We welcome it all as the precipitation
April 2022 Real Estate News Events In The Vail Valley
Dated: April 19 2022
http://Inventory Levels Rise - Demand Remains Strong
Spring is in the air throughout the Rocky Mountain west as winter has given way to warmer temperatures and the transition from skiing and snowboarding (though Vail will remain open through May 1st) to biking, hiking and all things on the water.
We may also be realizing a shift in our market to more predictable activity as inventory levels are rising - normalizing a trend that used to occur each spring and into the summer months before 2020 and 2021's impact. The likely difference is that we will probably see less overall inventory come to market and stay on the market because demand for real estate remains elevated.
What's the message? While inventory should grow over the course of the next 4 months and provide home buyers more options, prices will likely continue to increase overall. If there is pressure on prices, expect it to come from our more traditional local market as interest rates, while still historically low, have crept up over the last month. Remember, these headline rate increases are generally for 30-year fixed mortgages. There are a variety of financing options available and we should discuss what is best for you and how the options may ensure a lower monthly payment.
Finally, the other headline word is inflation. The good news for homeowners and active buyers is that real estate has proven to be an attractive hedge to inflation, as outlined in the chart below. While this is a decade-by-decade look, it does demonstrate the additional historic value homeownership has to combat macroeconomic influences in the market.
The market remains active and we are going into a great time for buyers and sellers. If I can be of assistance with your real estate needs, please reach out to discuss anytime.
Berkshire Hathaway HomeServices has been helping buyers and sellers in the Colorado real estate industry for 50 years. We are proud to announce our best year ever in real estate sales last year. Put our professional services and cutting edge technology to work for 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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http://Inventory Levels Rise - Demand Remains StrongSpring is in the air throughout the Rocky Mountain west as winter has given way to warmer temperatures and the transition from skiing and