Park County saw a significant drop in average sales price from over $800,000 a year ago to $621,111 in January 2023, but with only 9 sales closed this could possibly change as more properties exchange hands in the coming months. The inventory levels are also … Continue reading Park County February 2023 Market Update
Grand County saw a 9.6% increase in the prices of single family homes from a year ago, now crossing $1M at $1,019,967. Similar to surrounding mountain communities closed sales are down (-18.5%) and inventory is up (+40.3%) but this may change as we see more … Continue reading Grand County February 2023 Market Update
The Vail Valley had a slight decrease of -3.6% in prices YOY for January – much smaller than the huge drop in December YOY figures, although the average price of single family homes was about a $100,000 less in January 2023 than in December 2022. … Continue reading Vail Valley February 2023 Market Update
Condos and townhomes in Summit County appreciated by over 6% from January 2022, while closed sales and inventory had a -36% decrease and +36% increase respectively, which is the same trend we have been seeing in recent months. I suspect this will look a bit … Continue reading February 2023 Summit County Market Update
Single family homes in Boulder County had a modest price appreciation of +3% YOY for December. At the same time inventory more than doubled from 170 homes to 357 homes and the number of closed sales decreased by more than -69%. The increase in inventory … Continue reading January 2023 Boulder Market Update
It doesn’t matter if you’re someone who closely follows the economy or not, chances are you’ve heard whispers of an upcoming recession. Economic conditions are determined by a broad range of factors, so rather than explaining them each in depth, let’s lean on the experts … Continue reading What Past Recessions Tell Us About the Housing Market
Park county homes continued to appreciate in price at +9.5% YOY but similarly to November’s statistics, the number of closed sales has dropped by two-thirds and inventory is up about 122%. Some of this inventory is attractively priced new construction and I believe that Park … Continue reading January 2023 Park County Market Update
Single family homes in Grand County continued to appreciate in price YOY and at +9.6% it’s at a very similar rate to Summit County, while remaining at a better entry level price. Like most areas, inventory is up a lot from a year ago (+42.9%), … Continue reading January 2023 Grand County Market Update
December is usually a month where we see volume go down in the mountains due to owners spending the holidays in their mountain homes, or renting them out as it is peak rental season. However, closed sales for SFH were down over a third from … Continue reading January 2023 Summit County Market Update
There was a significant change to the single family and duplex market in the Vail Valley in December, both compared to year over year, and to November 2022. The average price was $2,444,521, which is down 37.3% from December 2021’s average price of $3,902,055 and … Continue reading January 2023 Vail Valley Market Update
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