The Vail Valley real estate market continues to do well. We are in a Seller’s market as we see a low inventory of homes and prices steadily rising. Yet, we are not close to the highs of 2007 and 2008 and there are still some good buys in the valley. If you have done the proper work on your home, preparing it for sale (updated kitchen and bath’s, exterior curb appeal) then you will see a quick sale in this market, especially if you list with me. But, there are still some good buys as you see people needing to exit the market and selling their “fixer uppers” or properties that are not as desirable as most. I am doing some very unique things in this market and if you would like to experience expert service and dedication second to none, please call me, Jon Lindner 970-3331-6111. I am small boutique brokerage firm that will get you the service you deserve.
New Listings were up 6.1 percent for single family/duplex homes and 12.6 percent for townhouse-condo properties. Pending Sales increased 83.3 percent for single family/duplex homes and 73.5 percent for townhouse-condo properties. The Median Sales Price was up 57.9 percent to $923,500 for single family/duplex homes and 15.0 percent to $575,000 for townhouse-condo properties. Days on Market decreased 32.2 percent for single family/duplex homes and 7.2 percent for condo properties. One interesting effect of a weaker-than-expected economy is that the Federal Reserve does not seem ready to raise short-term interest rates during summer, as some had suggested might happen. New projections indicate that rates will remain the same until September at the earliest. The dominant storylines in housing are decidedly not negative these days. Instead, you’re more likely to see top sales and luxury living highlighted than the woes of foreclosures and short sales.