Happy Holiday Season to You
I hope you managed your Thanksgiving Day consumption, imbibing, and discussions keenly and carefully. I did not. That aside, end-of-year seems to be the time to take stock of what we have, what we want to have, and what we want to do. And dream a little about political peace.
MARKET CONDITIONS
The Vail Valley real estate market remains
balanced and healthy.
If you already own real estate here, your investment continues to slowly appreciate (yep, there are exceptions and every property is unique but, generally, it is an accurate statement). If you are planning on acquiring real estate, you will need to be patient and diligent at values under $1.5M because
inventory for great properties remains thin
. There are more options
above that number
, but
value can be more arguable
so thorough investigation is vital.
The data is easy to interpret so I am going to keep this eNewsletter short and sweet and go straight to the numbers. (Is it becoming obvious to you that I have been less verbose in this space over the past year..??..I do get some very nice comments about my narratives but I also get fair amount of ribbing for my poetic pontifications. There I go again. OK so, fewer words, more data. Not easy!)
LET'S DO THE NUMBERS
You might recall that the first quarter of 2019 showed a disconcerting drop in transaction volume but it evened out by July. Thankfully, that is how we will be ending the year…
slightly more deals
than last year and, for the most part,
slightly higher average sold values
. Amen.
