Healthy numbers for May, a steady decline in foreclosures and Bastille Day with Darius Rucker. (This is an archived edition of our weekly news brief. Visit our Vail Valley Real Estate News page for the latest updates.)
Friday, May 30, 2014
Multiple listing service data shows 91 residential properties sold so far this May as of Thursday, just one property short of last year’s 92 residential sales in the same period. Expect a slight bump in activity in the final days of the month – last year, the last two days of May averaged nine closings each. Will May meet or exceed April’s 98 residential properties sold? If history is a guide, it should. We’ll find out for sure this weekend!
Housing lottery applications for the Town of Vail’s master purchaser list are now available online or from the community development department, located at 75 S. Frontage Road. The list will be in effect for one year and used when any existing town-facilitated housing units, such as Vail Commons, Red Sandstone Creek, North Trail Townhomes and Arosa Drive Duplex become available for resale. Application packets for the housing lottery are due by noon on June 5.
“Nationally, the number of single-family homes for sale and their prices continue to rise – revealing a healthier real estate marketplace than a year ago an dstrong seller confidence, according to the April 2014 national housing report released Wednesday by Realtor.com.”
“April personal income gained 0.3 percent, a little under forecast, but April spending fell 0.1 percent. If there is a second-quarter snap-back of deferred demand, it’s mighty thin. April orders for durable goods appeared to hold the big March gain, but the April show was puffed by defense, a one-time order for 10 new Virginia class nuclear submarines, $1.7 billion apiece.”
“We have now registered two and a half years of continuous decreases in the number of home owners who are in some stage of the foreclosure process. This consistent decline means fewer Americans are experiencing the distress of delinquency and default.”
“I have never met a buyer who will pay a certain amount for a home because the seller needs the money, or an appraiser who will take the seller’s desire for money into consideration.”
This Week in the Vail Valley
Short Notice Alert! Find out who will be in the next edition of “Ungoverned Children” tonight at the Bookworm of Edwards. (While you’re on their site, you can make sure this doesn’t happen again by using the “Keep In Touch” sidebar to receive regular updates on Bookworm activities.)
Darius Rucker will be in Vail on July 14th, for a concert to benefit the Steadman Philippon Research Institute. Rucker, former front man for Hootie & the Blowfish, has most recently found success with a Grammy award winning rendition of “Wagon Wheel.” Given the date of his Vail Show, maybe he’ll debut his latest cover song? Yeah, probably not…