Available homes for sale in the Vail Valley is at a 9-month low and if seasonal patterns play out, we should see a continued decline in these levels through May before a steady rise during our summer months. There are two fundamental reasons for the lower levels. Locally, with a recovering market, fewer homeowners are opting to short-sale or go into foreclosure, rather opting to allow the market to continue price gains while remaining in their homes. This means very little inventory available as many property owners on the valley floor still owe more on their properties than they are worth.
The other side of the market is simply a lack of quality properties at prices reflective of our current market. Residences with premier locations, design and finishes traded earlier this year however the remaining inventory has yet to sell primarily due to price. So while location (and design/quality) has moved the high-end market, it is still all about price.
This presents a favorable opportunity to capitalize on a market with many active buyers in all price ranges and locations searching for homes today. If you are considering putting your home on the market, please contact me to discuss why NOW may be the time to make a move.