A look at the numbers for November, a new look for wind power and where to go to get your first look at the U.S. ski team. This is an archived edition of our weekly news brief. Visit our Vail Valley Real Estate News page for the latest from the Rocky Mountain Home Team!
Between inclement weather in the beginning of the month and holiday celebrations at the end, the overall number of real estate transactions was down across the Vail Valley after several months of growth. A November dip is in line with previous years, a statistic that leads to the oft-quoted popular “wisdom” not to put your home on the market during the holiday season.
However, the average price per square foot increased in both the Slopeside and Eagle-West Markets, while average days on market fell in all three of the regions we track. This suggests the lack of sales may have less to do with a lack of interested buyers, and more to do with potential sellers bringing the numbers down by adhering to popular “wisdom”. All things considered, the 2014 holiday season may not be such a bad time to list your Vail Valley Property.
For a more detailed look at the Vail Valley Real Estate Market, visit our Market Report Center.
The National Association of Realtors released their 2015 Housing Forecast, predicting the return of first-time home buyers in 2015. As “Millenials” begin to come of house-hunting age, they are expected to drive household formations. See a summary of the report at RISMedia.
The National Association also put together these handy tax tips for Realtors as we approach the end of the year. As long as you don’t mind the examples being from real estate, though, pretty much the entire article applies to anyone running a small business.
For the “not quite ready for the lawn” file: “On a windless day I watched the leaves driven by an invisible force that moved by indeed the slightest air simmer. I wondered how many watts it could do.”
What to do in the Vail Valley
Saturday’s Minturn Winter Market will also feature a 5K race, a Fun Run and the Dickens Carolers. The market opens at 10 a.m.
Also this weekend, the Birds of Prey will be going strong at Beaver Creek. Come get your first look at the US Ski Team before the 2015 FIS Alpine World Ski Championships.