Ski Resort Real Estate | Summit County April 2021
This March, the mountain real estate came in like a lion and is still roaring as we head into April. Average sale prices for the first quarter were up 16% for Summit County. New listings are surfacing every day now, yet the inventory of properties available for sale remains down by 75% – this is attributed to the high volume of buyer demand that helps turn property sales quickly. As the snow begins to recede and the burden of moving begins to fade, more and more sellers are emerging at a faster rate which traditionally creates more inventory. Record sales are also encouraging more property owners to accelerate their plans for their new life chapter. What is fueling buyers? For many market segments, low interest rates for second homes and primary homes cause many buyers to want to lock-in competitive interest rates and increase their purchasing power for lower costs. Systemic changes in the desire for co-primary homes in naturally beautiful places, particularly for communities like ours that are also within reach of a major airport and metropolis like Denver, is holding new buyers for a longer haul than just a traditional vacation getaway. More buyers from further afar are also pursuing air travel this Spring compared to prior months and this comfort with air travel, makes it easier for these buyers to renew their mountain home dreams again. Whether buying or selling, the mountains are an exciting place for real estate with a strong Spring expected.
Interested in more information about the local area or do you have questions about Summit County real estate? Contact Taryn Brooke at: 970.333.8297 or taryn@coloradorealty.group.
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