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Andie Ohde Realtor - Vail Valley Colorado Real Estate

Summer Inventory On The Rise, Economics and Interest Rates

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Can you believe that we’re already in mid-July! Summer is breezing by (as it always does), but I’m definitely trying to soak up every ounce of warm weather and sunshine, with a mix of participating in golf, biking and hiking to enjoy the lifestyle our area has to offer! I have three incredible listings right now, so make sure to check those out below and don’t skip over the video from my trusted colleague about housing stats, interest rates and mortgage forecast.
There are several new developments (one in Avon/Beaver Creek area, new release for ski-in/out development in Crested Butte and another high-end St. Regis Residence project on the water in Florida). If interested in any of these developments, contact me directly for more information right away. Otherwise, I will be sending out additional information in a future email.
We’re continuing to see more conscientious buyers who are no longer buying just to buy at any price. Of course, adequately priced properties (especially those homes which are more recently built or remodeled) will continue to move quickly throughout the summer selling season. Remember, that whether you are a buyer or seller, there is always a way to reach your goal, and I would welcome being the one to help you get there!


A Sincere Thank You

Wow! I’m so humbled to be recognized by LIV Sotheby’s International Realty as a top-producing broker again in Q2 and am currently ranked in the Top 20 out of 700+ brokers in the Vail Valley. It is a true pleasure to work with my amazing clients (both repeat and new) as well as colleagues from across the country on referrals to the Vail Valley. Thank you!

Economics & Interest Rates

I highly encourage you to check out the video below from John Palmer regarding strong housing statistics as we watch the economic climate continue to evolve. I’ve worked with John several times now with multiple clients and there’s a reason all of my clients love him and his team.

 

In Real Estate News…

As we would expect to see, the number of new listings coming to market over the last 30 days is up over 21% compared to that of 2021. With mortgage and inflation rates still at the forefront of the news, we’re starting to see more conscientious buyers in the sense that they’re no longer buying just to buy. Buyers are more carefully considering their options and the properties that are adequately priced are still moving quickly.

 

Micro Market & Resort Reports

For quarter two, this report provides a year-over-year comparison of the first six months of 2021 compared to the first six months of 2022. Year over year, the Vail Valley saw a slight decline in the number of listings sold from 800 during the first six months of 2021 to 612 in 2022. While the number of listings sold declined, the average sold price did not, with the area seeing a 25.1% increase. The average price to call this area home during quarter two was $2,156,860. Listings lasted an average of 29 days on market, with the first two quarters of 2022 seeing a 68.1% increase in market speed.

Resort communities are each unique and offer an abundance of activities drawing in many to live the sought-after resort lifestyle. These high-altitude homes have the privilege of access to some of the most incredible mountain landscapes and proximity to world-class skiing. Due to the incomparable location of these resort regions, LIV Sotheby’s International Realty produces an annual report that specifically analyzes real estate market data for homes in the mountains.