A strong start for December, a look at “Real Estate Disruption,” and a free concert with 10,000 Maniacs and Rusted Root. 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!
Like the snow, the Vail Valley Real Estate Market is picking up this December after a November. The Vail Valley Board of Realtors’ Multiple Listing Service recorded 57 sales for the first 15 days of December, including 10 sales at over $2 million. A single-family home on forest road in Vail was the month’s top sale at $14,250,000. Historically, the slowdown that begins in November typically flows into December – but this month’s figures buck the trend, representing a jump of nearly 60% over 2013’s total of 34 sales in the same period.
Back when we were looking at the numbers for November, we suggested the “holiday market slowdown” is often more about sellers deciding not to list than buyers not wanting to buy. December’s numbers suggest that sellers may be catching on in 2014.
It isn’t just the Vail Valley – rent is surging all over the nation as the national vacancy rate dipped to the lowest level in two decades.
The Zillow and Trulia merger moved one step closer to reality Thursday when Zillow shareholders and Trulia stockholders voted overwhelmingly to approve the deal. Customary closing conditions – including antitrust waiting periods – remain to be filled, however. The companies themselves anticipate that the transaction will be completed in the first half of 2015.
“Although many think that disruption to the industry will come in the form of eliminating the agent, a more likely scenario is that disruption will come in the form of real estate agent empowerment as agents transition into homeownership experts.” Inman’s Will Cadwell gets what Business Week’s Brad Stone doesn’t. All we would add is that good agents already are “homeownership experts,” and that, in this business, “disruption” is more of an ongoing process than a sudden switch we’re going to one day throw.
What to do in the Vail Valley
Saturday’s Snow Daze concert brings free music from Rusted Root and 10,000 Maniacs to the Solaris at Vail Village. If that doesn’t feed your appetite for live music, you can find quite a bit more if you know where to look.
Need more Christmas festivities? Tonight’s Tis the Season Soiree at the Riverwalk will keep you in the holiday spirit with a cookie contest, Santa’s story time and more!