Despite low inventory levels, it’s been a great first quarter for residential real estate sales. Sales are up over 2016 and the highest we’ve seen in a decade. Inventory is starting to build so hopefully we can sustain an even better second quarter. Residential sales in January were great; up 29.9% over 2016 and the […]
January 2017 Sales are Strong
The Future of Real Estate
2016 Real Estate Recap
2016 was very much a seller’s market; very tight inventory and rising prices. Buyers struggled to find properties, often compromising or waiting. Indecisive or out of town buyers often missed properties as they were snatched up by ready buyers. More properties than usual seemed to come back on the market because quick acting buyers, after […]
Market Comparison: Frisco vs The Highlands
With the low inventory levels in the real estate market buyers are looking outside their initial target area in order to have more to choose from. That means the area that they have been following during their search may not be where they end up looking and/or buying. As a result, they can be less […]
Inventory Levels And The Real Estate Market
Real estate, like most commodities, is a supply and demand market. Low supply and high demand create a tight market. High supply and low demand create a saturated market. During a saturated market, there are an abundance of properties. That abundance gives buyers their pick of properties and makes sellers compete to get one of the […]
2016 – A Year Of Scarcity In Residential Real Estate
We currently sit at 404 residential properties in the entire county for sale. Of those 404, 213 are priced over one million dollars. Of the 203 Summit County residential properties that sold in October only 25 were priced over one million dollars. That means 178 people spending under one million dollars in just one month. […]
Economic Update From NAR’s Lawrence Yun
Lawrence Yun, Chief Economist and Senior Vice President of Research at the National Association of Realtors (NAR), stopped by Silverthorne recently to give us an economic update. This was my first time hearing him speak and I was quite impressed. In about an hour he gave us a good understanding of the current economic conditions relating to […]
Summit County Real Estate Market 2016 Vs 2015
How does today’s market compare with the market one year ago? Currently Dillon, Frisco and Silverthorne have the tightest real estate markets. Highlighted in pink as an Extreme Seller’s Market there is less than 2.4 months of inventory. The orange highlights are still a Seller’s Market, just not as tight with a 2.4-5.4 months supply. Keystone and Breckenridge are currently in a […]
Inventory Is Low In Summit County But There Are Still Good Properties Out There!
You have probably heard that inventory levels are down in Summit County. We only have enough properties for sale to get us through the next 3 months. Of course, more properties will come on the market and carry us into the summer and fall months, our selling season. However, choices will be tight and competition may […]