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Why Aren't Home Prices Crashing

By Key To Vail - April 13, 2023
  There have been a lot of shifts in the housing market recently. Mortgage rates rose dramatically last year, impacting many people's ability to buy a home. And after several years of rapid price appreciation, home prices finally peaked last summer. These changes led to a rise in headlines saying prices would end up crashing. Even though we're no longer seeing the b
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April Real Estate News

By Key To Vail - April 11, 2023
REAL ESTATE NEWS | EAGLE COUNTY   Signs of Market Normalization   Buyer demand we have been referencing since the start of the year came to fruition with closed sales in March.  After January and February had only 49 closed sales each month, lower interest rates and continued market activity brought closed sales to 70 - 43% higher than the first two months
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Is It Really Better To Rent Than To Own a Home Right Now?

By Key to Vail - March 13, 2023
You may have seen reports in the news recently saying it's better to rent right now than it is to  own your home. But before you let that impact your decisions, you should understand what these claims are based on.   A lot of the time, these reports are assuming things that aren't realistic for the average household. For example, the  methodology behind one
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March Real Estate News

By Key To Vail - March 10, 2023
REAL ESTATE NEWS | VAIL & BEAVER CREEK  A Tale of Two Markets   February sales in Eagle County mirrored January with 49 closed residential transactions - down from 89 in 2022, 92 in 2021, and 85 in 2020.  The list price to sales price ratio declined to 95.81% (compared to 100.11% in 2022).  While the market has slowed, average sold price and sold price per foot increased
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February Real Estate News

By Key to Vail - February 08, 2023
REAL ESTATE NEWS | VAIL & BEAVER CREEK   Upside in Today's Market   The local market is experiencing much of what the country is - activity from buyers, inventory levels rising, and pockets of strength and weakness in neighborhoods and price ranges.   As an example, Beaver Creek saw a wave of activity in January with homes listed at $22.9m, $15.445m, and $8.995m (just to
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Experts Forecast a Turnaround in the Housing Market in 2023

By Key to Vail - February 02, 2023
The housing market has gone through a lot of change recently, and much of that was a result of how quickly mortgage rates rose last year. Now, as we move through 2023, there are signs things are finally going to turn around. Home price appreciation is slowing from the recent frenzy, mortgage rates are coming down, inflation is easing, and overall market activity is starting to pi
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January Real Estate News

By Key to Vail - January 11, 2023
Happy New Year!   Unlike the steady (frantic) pace of 2021, the real estate market experienced some significant changes during 2022.  The first quarter was a follow-through of the hyper-activity our markets saw in 2020/2021 but the inflation and interest rate increases changed the pace of sales beginning in June.  As a result, Eagle County's residential real estate market decl
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What Are Your Real Estate Goals in 2023?

By Key to Vail - January 06, 2023
WHAT ARE YOUR REAL ESTATE GOALS IN 2023 What’s Motivating You? What Does Your Next Home Look Like? How Ready Are You To Buy? If buying or selling a home is part of your dreams for 2023, it’s essential for you to understand today’s housing market, define your goals, and work with industry experts to bring your homeownership vision for the new year into focus. In the last yea
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December Real Estate News

By Larry Agneberg - December 12, 2022
Overall Market Slows - Positive Signs Emerging   Since the onset of the stock market decline and inflation and interest rate levels rising this spring, the overall Eagle County real estate market activity levels have been slowing.  While it is almost unfair to compare today's market to the harried state of 2021, the numbers in November of this year compared to both 2021 and pre-pan
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November Real Estate News

By Key to Vail - November 08, 2022
Reason For Optimism in Uncertain Times Many headlines have generated uncertainty around the local and national housing market. Lower inventory, inflation and interest rates have created pause in the market. And while our very active market did need to rebalance, opportunities await those who are ready to make a move to buy or sell. Depending on who you listen to, the U.S. economy is or will b
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