While the amount of snow on the ground might suggest otherwise, the first day of Spring 2019 is Wednesday, March 20. It’s effectively already here. If you were waiting for the “Spring Selling Season” to put your Eagle County home on the market, the wait is over.
It’s a great time to sell a Vail Valley Home
On the morning of March 11, 2019, we noticed something curious – there were no new listings in the Vail MLS recorded for the previous 24 hours. Zero. Goose egg. Nada. From East Vail to Dotsero – not one. We don’t like going on about missed opportunities, but had that number been a 1, the home in question would have garnered plenty of attention.
The buyers are out there. Prices are up. Demand is high. An average of about three homes a day went on the market for the entire valley for the first half of March – and roughly the same number went under contract. The market is on the move right now, and the only major constraint is a lack of inventory. Historically, inventory goes up in the spring and summer – a good reason to beat the rush and get your home on to the market right now.
It is unknown how long the current market will last. The nation-wide real estate market – along with the overall economy both global and national – has been on an upswing for nearly a decade since the Great Recession officially ended in the second quarter of 2009. Even if we assume continued growth, rising interest rates may impact buyers’ purchasing power and leave less money for sellers.
Do you have a Vail Valley home to sell? The Rocky Mountain Home Team is a group of specialists with over 30 years of combined real estate experience. Our proven systems – individually tailored to each client and property – sell our clients home in less time for more money. We will happily provide the numbers to back that up.
Give us a call at 970-306-7711 to learn how our systems can become your Vail Valley Real Estate solutions.