Earlier this month Berkshire Hathaway HomeServices Colorado Properties released its annual trend report for 2013. The report is the most detailed analysis of the residential market in the Vail Valley featuring a breakdown of more than 25 neighborhoods by sales volume, unit sales, average prices, price per foot, days on market and more.
While each neighborhood has its own characteristics, the numbers overall tell a few key points – many markets are showing improvement in terms of value due to recent sales and lack of desirable inventory. The report’s value is two-fold; it goes back five years in the market with its data and analyzes both price segments and geographic regions of the valley for trends. For example, in the first half of 2013 the resorts demonstrated a healthy market in the low to mid-range (below $2m) but there was weakness in the $2m - $5m and $5m+market until the last quarter of 2013. Quality, unique inventory and proper pricing are the key drivers which our sophisticated buyers demand in the resort areas, especially in Vail and Beaver Creek markets. The demand is solid but the supply is not keeping up with demand, which is changing the dynamics of the market right now. Post Holiday has seen a strong surge in both resort areas recently.
Earlier this month Berkshire Hathaway HomeServices Colorado Properties released its annual trend report for 2013. The report is the most detailed analysis of the residential market in the Vail Valley featuring a breakdown of more than 25 neighborhoods by sales volume, unit sales, average prices, price per foot, days on market and more.
Read The Entire Report Online - CLICK HERE