Get Ahead of the Fed Rate Cut

Industry experts are predicting a significant rate cut from the Federal Reserve next week, with estimates ranging from 25 to 50 basis points. This cut is going to have significant impact for both buyers and sellers in today’s market landscape. As I’ve predicted in the past year, the lower rates often bring more competition in the market as other buyers become more active. If the inventory remains unchanged, the culmination of low inventory and more buyers may create more multiple-offer scenarios. Unaware to some, we still are seeing occasional multiple offer situations for various properties (both on and off-market listings). It’s advantageous for both buyers and sellers to have representation that is experienced in negotiation and multiple scenarios to be the most successful.

There are a handful of new developments across the valley that each have their own niche offerings including in Minturn, Beaver Creek, Avon and Eagle. If you’re not finding what you want in the current inventory, let’s explore the various new developments to see if there’s a better fit! Specifically, the Frontgate | Avon development (represented by LIV Sotheby’s) has limited availabilities remaining. To see the August community update, click here.

IIf you’re looking for a sleeper neighborhood in Vail, consider looking into the Cascade/Glen Lyon area. A few minutes west of Vail Village, it still offers the convenience of proximity, while being a quieter neighborhood experience with generously sized single family homes. My listing at 1306 Westhaven Circle is currently the lowest priced single family home in Cascade at $8.499M and one of only 2 active listings. There is a potential value-added appreciation aspect to this property (contact me for details). In the past year, there have been 7 sales (one off-market totaling $17M), and there seems to be some new momentum of activity for this neighborhood. If you’d like to know more about this area or my listing, give me a call.

Another sleeper opportunity is my amazing property in Sweetwater (just 30 miles from the Eagle County Airport). 3400 Sweetwater Road is a lakefront oasis tucked away on top of a noll with sweeping 360-degree views in the quiet Sweetwater Ranch area. This is the only privately held property adjacent to the lake! Sweetwater is a bit of a sleeper community as well but is the ideal setting for anyone who is an outdoor enthusiast as it is surrounded by National Forest! While it may only be 30 miles from the town of Gypsum, it feels like a world away!

If you have any questions about how to navigate the ever-changing landscape of real estate, any new developments or current unique opportunities, don’t hesitate to reach out! I’m heading out to Nashville next week for the 2024 Sotheby’s International Realty Global Networking Event and will be attending several high-level, intimate group events with my personal network of colleagues from around the globe. Remember to put my network to work for YOU. I have the ability to connect you with colleagues around the world so you are in the best hands (whether buying or selling) no matter where your journey takes you. These are not just names on a list – they are people that I personally know, like and trust. If you’re in a season of transition, take advantage and let me help make the move as smooth as possible.

 

New West Coast Flights Arriving To Vail This Winter

 

 

 

 

 

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