Vail Valley Real Estate News for Friday, Feb 27, 2015

East5

Keller Williams honors Rocky Mountain Home Team leader Michael Routh, flipping (kinda) flops, how Peter Pan became the boy who never grew up and, of course, the numbers for Vail Valley Real Estate.  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.

Thirty-five residential properties sold in Eagle County through the first three weeks of February 2015, according the Vail Board of Realtors Multiple Listing Service.  Homes sold after an average of 200 days on market during that period, for an average sale price of $550 per square foot.  The same period in January saw 43 residential sales, while the same period in February 2014 saw 42 sales.  For more detailed information on the Vail Valley Real Estate market, visit our Market Report Center.

The Rocky Mountain Home Team had some exciting news of its own this week as well. Team leader Michael Routh was honored by Keller Williams as the company’s second-highest grossing agent in Colorado for 2014. Michael’s expertise in assisting clients at all price points and with a wide variety of needs has always been crucial to his success.  In 2014, Michael assisted short sale clients, investors, and first-time buyers, as well as sellers unable to find success on their own or with other agents. Whatever your own Eagle County Real Estate needs, Michael and his team have the expertise and experience to help you meet them.

National News

It is inevitable that this article on the decline in flipping homes would have the title “flip flop.” It is also a little bit deceptive, seeing as average gross profits on flips – purchase price measured against sale price – ticked up in Q4 2014 against both Q3 2014 and Q4 2015. So is flipping a home a good idea in 2015? That depends a lot more on the market and the property than on broad national trends.

Averages on fixed-price mortgages continue to inch their way upward. Realistically, rates are currently so low there really isn’t anywhere to go but up.  In a case of the national market mirroring the local, home prices are moving upward in large part due to low inventory.

What to do in the Vail Valley?

“How did Peter Pan become the boy who never grew up?”  If you’ve ever been curious, you can find out Sunday night as the Vilar Performing Arts Center presents “Peter and The Starcatcher.”

Speaking of growing up, here’s a list of Eagle County’s best activities for ‘tweens,’ courtesy of the Vail Daily.

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