With the winter season (mostly) behind us and looking ahead to spring and summer, it’s important to note that closed sales (down from 2022) and a slower market pace are not reflective of buyer demand..
The buyer demand we have been referencing since the start of the year came to fruition with a significant uptick in closed sales during March. After January and February had only 49 closed sales each month, lower.
A dip in the Eagle County real estate market still resulted in the all-time second-best year in terms of dollar value. The 2022 dollar volume of $3.58 billion was a 16% decline from 2021’s record-shattering.
The local market is experiencing much of what the country is activity from buyers, inventory levels rising, and pockets of strength and weakness in neighborhoods and price ranges. As an example, Beaver Creek saw.
Unlike the steady (frantic) pace of 2021, this year’s real estate market experienced some significant changes. While the first quarter was a follow-through of the hyper-activity our markets saw in 2020/2021, inflation and interest rate.