in Colorado real estate news, Winter is upon us as we look to embark upon another ski and snowboard season here in the mountains of Colorado. Vail opens the 12th and Beaver Creek November 24th. November is when the Colorado mountains come alive with all the activities, cultural events and buzz of another winter season. Be sure to read below about some of our favorite events during the start of our holiday season.
Breckenridge opens on November 12th, also. Copper Mountain opens on November 22, Keystone Resort got its lifts running on October 22 and A-Basin beat them all with October 17th! In Summit County earlier in the year the market was appreciating at a rate of approximately 1.5% per month as well. The average sold price in Breckenridge vs. last year is up 45%
The Colorado real estate market continues at a strong pace up in the mountains, limited in activity only due to the supply of available homes for sale. Prices continue to increase and while we normally see the time between now and the end of the year a quiet period in the market, those looking for homes to purchase should be ready at any time as new inventory is coming to market, even if less frequently than during our busier spring and summer seasons. If you have not already, please be sure to visit our web site, sign-up for listing alerts (found in the top right corner of ever page) in the area you are interested in and you’ll be immediately notified of new homes on the market. Additionally, if your criteria has changed (price range or area), please reach out to us so we can find you just the right home as properties “off-market” come available and knowing just what you are searching for will enable me to find you the perfect property – on or off the market.
For home owners and prospective sellers, your home is one of your most valuable assets. The market in Eagle County is dynamic and earlier in the year was appreciating at a rate of approximately 1.5% per month. Even if you have no intention of making a move, knowing your home’s value is part of your larger financial portfolio and we would be happy to sit down and discuss where your home’s value is in today’s market (because it is likely higher than just a few months ago). Knowing the value and your equity can help you make decisions not just about your home but many other aspects of your life.