Team Black Bear’s
Real Estate Update Exceeding Your Highest Expectations in Service, Performance & Results!
June 2015
What is happening in the Real Estate market? Luckily this is one of our favorite subjects, locally live at a substantially lower altitude and have and nationally. Interestingly, the answer is more summer every year and less snow to changing every day and is made up of lots of real shovel but still have easy access to the slopes. estate tidbits, that our professional team takes 7. Ski-in and Ski-out is becoming more expensive and assimilates into our interpretation of how the as the opportunities to build additional homes market is doing locally, and what is the best in these locations are nearly exhausted. direction for our friends and clients. 8. The rental market is strong and the rents have risen. This makes buying more attractive to This Spring/Early Summer, we feel the market is the renters and to investors. warming up and is actually hot in a few areas. It is 9. The strong Denver Market helps front range still not a Seller's Market (less than 6 months buyers have more money to spend when they inventory) but the Buyers reinvest in Eagle County. ...to help you gain knowledge are becoming a little more 10. The greatly increased aggressive as the about the real estate market in push by our resorts and inventory is low in certain surrounding towns to our Valley. price ranges and locations. provide summer activities We could see the start of a Seller's Market by the and festivities makes our economy less end of the year, if the economy continues to grow seasonal. and interest rates remain at all-time lows. 11. The Millennial Generation is finally moving into purchasing homes and they are currently Here are a dozen tidbits to help you gain 23% of the our adult population. Although knowledge about the real estate market in our they may have the assistance of their family Valley: on their first purchase, they have finally 1. A single family home with a garage, 3 decided that renting will not work for them in bedrooms, and under $400,000 should sell in the long run. 60 days or less* 12. Builders are calling and looking for lots 2. A single family home with a 2-3 car garage, 4 again. With nearly no new construction for 5 bedrooms, and is $400k-$600k should sell in years, there is quite a bit of demand to build 120 days or less* and have new product. 3. A premier home in a premier location should sell at any remotely reasonable price. You take all of this above information, stir it up 4. Staging cannot only decrease the days on and you have a very exciting future for real estate market that a home is for sale, it can increase in this Valley! Call Team Black Bear for your own your sales price by 6% to 10% free confidential consultation on your next best 5. Vacation home sales are at an all time high move in today's market for buying, selling and since 2003 nationwide (according to NAR) investing. Call 970-337-7777 today and ask for 6. Affordable luxury homes, $700,000 to Joan, Barbara, or Laura. We look forward to $1,500,000 in Eagle and Gypsum, are visiting with you! becoming more desirable as Buyers choose to *Depending on the condition, location and motivation of existing homes.