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REAL ESTATE NEWS | EAGLE COUNTY
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Supply Remains Elevated – Rates Move Down
Available homes for sale in Eagle County remain at their summer highs and approximately 21% higher than the same time in 2023. Home buyers, who have waited for more properties and/or interest rates to retreat, have been rewarded with a good supply of homes and rates well off their highs, now hovering in the low to mid-6% range (as a reminder, historical mortgage rates are about 7.38%).
Market fundamentals have returned. Condition, location, and price continue to be the drivers of properties that garner multiple offers versus those that remain on the market beyond our current average (July averaged 72 days on market). Properties coming to market can expect to see the most interest and traffic from immediate buyers so positioning your property to sell from the onset is vital. I am here to help with that – from providing recommendation on items to address, to staging, pricing to the market, professional media (photography, video, immersive/virtual tours), and advertising. The most concentrated number of showings will occur almost immediately, so we want to be well-positioned from the onset. If you are considering a move in today’s market, let’s be sure to connect and discuss a strategy and results that exceed your expectations!
As the summer comes to a close, our market continues to stay active. Many owners who wanted to enjoy their residences for the “last summer” will sell this fall/winter and we often see an uptick in buyer activity as the leaves change and people look to secure their mountain retreat for the winter season. Call me today to discuss what you are looking to do. There is good activity throughout the valley, and I would enjoy the opportunity to visit and provide expert counsel as you embark on your next chapter.
Market data from the Vail MLS. All statistics are deemed reliable but not guaranteed and BHHS may not have participated in each reported sale. Please contact me for statistics in your specific neighborhood. I have some great reports I can share with you about your neighborhood or one that you are interested in.
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August 30th - September 1st
The Vail Jazz Party returns to celebrate 30 years of musical excellence and education in a new location, the Manor Vail Lodge. Featuring a lineup with several headliners that join together to play in group performances, and multi-artist jam sessions.
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August 24th | 10 AM - 4:30 PM
Head over to Harry A. Nottingham Park, for the first annual Cars in the Park. Discover a stunning showcase of automotive excellence as enthusiasts from near and far gather to display their prized vehicle. This will be a thrilling car show that promises a day of horsepower, style, and family-friendly fun.
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August 30th - September 1st
Head up to Beaver Creek for a weekend of fun events including Live Music, Best Dressed Competition, Stein Hoisting Competition, and a Bratwurst Eating Contest.
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September 6th - 8th
Oktoberfest returns to Lionshead Village for a second weekend of Food, Beer, Live Music, Adult Keg Bowling Contest, and a Stein Hoisting Competition
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September 13th - 15th
The Vail Concours draws a diverse group of automotive enthusiasts from across the United States and Canada. Entries range from contemporary supercars and sports cars to vintage collector cars and motorcycles.
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September 13th - 15th
If you couldn't make it to Oktoberfest the previous 2 weekends or can't get enough of the celebration, Oktoberfest returns to Vail Village for one last weekend of food, fun, and music.
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Understanding the value of your home is crucial for making informed decisions, whether you're thinking of selling, refinancing, or just curious about your investment. Accurate home valuations help you set the right price, maximize your return, and ensure you're making the best financial choices.
To get an up-to-date valuation of your home, visit my website for a free home valuation. It's quick, easy, and can give you valuable insights into your property's worth. Check it out today!
