Your Source for Summit County Real Estate
Beginning skiers know pizza and french fries very well. Pizza is the wedge shape you make your skis when you want to go slow. French fries make your skis parallel to go faster. Summit County home sales slowed like a pizza wedge on the slopes in October, and really, for nearly the entire 2022 year. […]
Summit County homes are taking longer to sell. The average time on the market is just 36 days, however, that is feeling like an eternity. When we have been used to buyers lining up for homes, to watch them just sit there is excruciating. This extra time on the market is not creating a lot […]
August adds a few more sales to the 2022 residential real estate sales. However, it’s not enough to change the path of slow real estate sales in Breck and other Summit County towns. Higher interest rates, concern about the economy and low inventory levels are keeping buyer demand low. We are seeing pressure on pricing […]
Summit County home sales fell fast in July. While June had moderately disappointing sales numbers, the bottom fell out in July. The number of Summit County home sales in July were more typical for January and February, some of our slowest months. As a result of fewer sales, homes are on the market longer now. […]
2022 is continuing to tell a different story than the last two years. As we see interest rates increase substantially, we are watching sales slowing and real estate inventory climbing. Our real estate market was pegged so far into a seller’s market, we have a ways to go before the buyer has the advantage. Although, […]
Just four months into 2022 we are seeing some significant signs of a real estate shift from the last two years. An increase in mortgage rates has made already high prices even more expensive when a loan is involved. Rarely seen during the last two years, decreases in listing price of properties are happening more […]
It seems to be a popular headline in the media right now. The second home market is slowing. Sales are not where they were last year. The headlines are designed to draw you in. If you are in the market for a second home, that headline will grab you. Reading the articles can make you […]
It has been a crazy couple of years in real estate across the nation. Summit County has been no exception. Soaring prices, limited inventory & competition for properties pretty much sums up 2021. We will dig into more of the 2021 stats and tell you what to expect as we head into 2022. Average Sale […]
September residential home sales in Summit County, CO were slightly higher than a typical year. However, they were substantially lower than last year’s extremes. Pandemic Sales We have all heard how the pandemic ignited second home sales across the country. That kicked in during the second half of 2020 in Summit County. After a shut […]
When the pandemic shut down the country, real estate sales began to boom. Through waves of shut downs and strict mask rules, no open houses and no carpooling to properties, home sales continued to boom. Now, things are loosening up, your mask can be in your pocket most times, open house signs litter the roadways, […]
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