An Update on the Vail and Summit County Market

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Today we just wanted to share what is going on in our market in Summit County and Vail. We’ve been getting a lot of questions lately about whether we’re in a buyer’s or seller’s market, and today we’re going to answer that question.

Lately, we’ve been telling everyone that our market is in a perfect storm right now. There’s not much inventory available out there, so it’s a good time for sellers to enter the market because they will be up against little competition.

For buyers, we are seeing prices trending upwards, so now may be a good time for them to enter as well. All you need to do is find that one perfect property, and right now interest rates are extremely low. You can afford much more home now than you could have in the past. A majority of the interest rates out there are below 4%. Interest rates for investment properties are slightly higher but still historically low.

Thanks for joining us today. If you have any questions about our market or about real estate in general, give us a call or send us an email. We would love to hear from you!