The Real Estate Market | Summit County April 2022
More vacation home buyers are getting more motivated this Spring and earlier in the Summer this year, especially for buyers who seek to hedge rising interest rate costs and/or opportunities to make a purchase with a line of credit from the equity in their primary home. Interest rates are influencing active buyers to make decisions more quickly so they can still qualify at low interest rates and maximize their purchasing power.
Keystone is showing tremendous absorption and rapid turnover of inventory. The number of Keystone properties available for sale is down even compared to last year at this same time (down by over 20%). Keystone sellers may find the current conditions present an especially attractive opportunity.
In Breckenridge, traditional seasonal patterns are emerging once again – with inventory building up after ski season and normalizing absorption. However, the average list price in Breckenridge is also about 80% higher than the rest of the Summit County. The days on market for active Breckenridge listings is triple that of the rest of the county. Breckenridge is seeing an increase in inventory of over 45% compared to this same time last year.
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 firstname.lastname@example.org.