What's Happening in Summit County & Vail?

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Hey everybody, thanks for joining us today for a market update on the latest news for the Summit County & Vail real estate markets. Right now, our market is extremely unique. It's more of a seller's market because of our lack of inventory (just 700 homes on the market). When buyers come to Summit County and Vail they don't have a lot to look at, which is great news for sellers thinking about putting their homes on the market. The best homes can get a little more money from buyers than they could last year. 

The price point finally went up this last quarter, and most homes saw at least a 10% increase in home values. This is another great sign for sellers, but also a warning sign for buyers not to wait too long to purchase before homes get too expensive. 

When July 1 comes, our inventory will double. We could have up to 4,000 homes on the market at some point in the summer, which is when we do about 65% of our business. The longer you wait, the more competition you will have to deal with. 

If you are thinking of selling, conditions are perfect. Sellers are even receiving multiple offers. If you're thinking of buying, taking advantage of our historically low interest rates will save you thousands of dollars over the life of your loan. 

If you have any other questions for us, feel free to give us a call or send us an email. We will talk to you soon!