As we close out the first half of 2016 the overall market has remained steady and balanced. Activity in unit sales has increased over this time compared to last year while the overall dollar volume has gone down. A number of factors have influenced our market, from inventory availability to more macro-factors such as the fall election, oil and equity market volatility and “Brexit”, which has allowed interest rates to continue to stay low – making home buying in today’s market attainable for many.
Our Mid-Year Vail Valley Market Trend Report is a great snapshot of where we are relative to the first two quarters of previous years. While the report covers about 30 unique communities in Eagle County, there are still pockets of the market within those communities that trend in unique ways and may differ from the greater community. Because of that I encourage you to contact your Berkshire Hathaway HomeServices broker for an even more specific and detailed evaluation of your area.
2016 marks 45 years of business here in the valley we continue to remain positive about our market and the prospects for the future. New homes and projects are once again starting or are in the process of approval and real estate aside, it’s hard to find a more picturesque place to call “home” at any time of the year than the Vail Valley.
I hope the following information is beneficial as you learn more about the market. Please contact us for more information on these trends, any other questions about real estate or simply living here in our beautiful community. Enjoy your summer!