Real Estate Sales!? Certainly a hot topic throughout the United States this summer and fall.? National news, both with the housing market and mortgage industry, has been less than exciting, if not downright scary for many people.? While not immune to national trends and perceptions, the Vail Valley real estate market has stayed solid throuhgout the summer of '07 and looks good for the fall as well.?
In the past several years,?this strength has primarily been for the benefit of the sellers, and now, it has shifted to the buyers.
Inventories throughout the valley rose sharply this summer (approx. 30% from the spring) and have just started to come off from their high points.? Fall is often a time when listings will be pulled from the market,?some becoming rentals, as well as owners deciding to keep their vaction homes for another year.
Now is the time to . . . .shop for houses!? Yes, it's the spring season in the Vail Valley and that means increased home inventory. With more available time, many locals are out looking for that perfect home.? Obviously, perfect means something different to each of us, so the entire valley market is in play.
Historically, April, May and June are BIG months for the local market.? More listings hit the MLS as some cash in on equity (upvalley) and move downvalley.? As inventory increases, buyers have a bit more clout and may be able to negotiate a deal that works well within their budget.? (not an easy task here in Eagle County.)? This trend is often balanced by an increased number of buyers (read, demand) as our valley's population grows, and as more locals decide to buy instead of rent.
Our valley has seen dramatic increases in property values, and it can be difficult to find a good deal.? But with the right analysis of the local market and a little professional help, you may find what your looking for.? Remember, you? can not escape basic fundamental market rules; supply and demand rule the day.