How’s The Market?
Activity in all price ranges and areas continues at a steady pace in the Eagle County real estate market. As was the case all of last year, unit sales in February were down slightly (89 v. 92 in 2021) but dollar volume increased 15%, demonstrating that high demand continues to push prices up. The difference, however, is that pending sales are down 27% and inventory has followed suit, currently down 34% compared to this time in 2021.
The inventory level is actually higher today thanks to two new projects coming to market in Avon –
Frontgate Avon and the final project at The Westin,
One Riverfront. If you would like more information on these two new opportunities in the valley, please contact me.
Undoubtedly there is uncertainty in the air as geo-political strains, market fluctuations and other factors are making headlines and raising questions – including questions about real estate, values and activity. I encourage you to reach out about your specific area of interest, concerns or to speak about what we are seeing here locally – as it may be much different than the broad narrative the media and pundits communicate on various platforms. Our market, here in the valley, remains very strong and we anticipate that strength well in to 2022 so if your plans for the year include a sale or purchase, let’s have that discussion soon to start preparing you for the best possible outcome.