We are in a Sellers’ market here in the Vail Valley. Inventory is low and buyer demand is high. As a result, prices are steadily climbing and competitive offers are not uncommon in lower price points.
Seller’s Market in Vail Valley
The high end is selling well, too. Interest rates are as low as we’ve ever seen them. Despite numbers being lower according to the June 2020 report below after spending all of March, April and May being heavily affected by Covid, our market has been going a 100 MPH over July and August, and we expect that energy and pace to continue well into the Fall and hopefully the winter. Many of our recent home buyers are coming from urban areas like San Francisco, NY, Dallas, Houston and Miami. Many of our clients are trying to find homes here where they feel safe and have plenty of space around them to be outside.
From the June 2020 Report – According to Land Title Guarantee Company in Vail:
Eagle County real estate
, through the first half of the year, remained slower than in 2019. The total dollar volume in June was $125,776,335, which is down 40% over last June and slightly lower than the monthly average this year of $132M. There were 119 transactions, the highest of any month this year, but still 66 sales lower than June 2019. This brings the year to date total to $795,512,820 in total dollar volume, down 17% from a year ago, and 626 transactions. Again, this data reflects the market being completely shutdown during all of March, April and May.
Click here to view the detailed market report