The market is steadier and more balanced with approximately 350 residential units actively for sale throughout the county. Interest rates appear to have had a shorter term impact on buyers but, now, it seems as though buyers are proceeding to find properties and purchase properties despite current interest rates. We are also starting to see an increase in average days on market as well as more frequent price reductions. Up Valley, particularly in the resort villages of Vail and Beaver Creek, are seeing consistently strong demand under $3m. In the higher price points, demand is greatly reduced as potential buyers are somewhat hesitant due to economic concerns. Prices are remaining steady with about 5% appreciation annually. We are still occasionally seeing multiple offers on a handful of properties in neighborhoods where inventory is extremely low.. We strongly encourage you to sign up for instant property alerts to your inbox by clicking https://vail.evrealestate.com/contact/Vail and filling out the form.
