March marks the end of the 3rd year since the country was locked down due to the Coronavirus pandemic. A lot has happened in those three years. Initially real estate activity came to an abrupt halt, along with most everything else. Real estate became an essential service and we were allowed to show property again. […]
Encouraging Residential Sales in Summit County
February residential sales in Summit County were a bright spot in what we expected to be a dismal real estate market. With high interest rates constricting demand, we have had pretty low expectations for 2023 real estate sales. February is giving us hope that the housing market is not still in constriction. Maybe the Summit […]
Residential Sales end 2022 at a Snail’s Pace
Slow Real Estate Sales in Breck and Surrounding Areas Continue
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 Fall Fast
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. […]
A Good Time to Buy a Summit County Home
The real estate market is in transition. I don’t think anyone would argue with that statement. So now that it is in transition, should buyers be moving forward with a home purchase? Is this a good time to buy a Summit County home? There are several factors to consider before answering this question. Home prices, […]
Real Estate Inventory Doubles in Summit County
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, […]
Is the Second Home Market Slowing?
2021 Stats and 2022 Forecast
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 […]
Fall Home Sales in Summit County, CO
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 […]