A Slight Uptick in Real Estate Inventory

This time of year in the mountains is always a little funny -- wake up to snow in the morning and you're mountain biking by the afternoon. While we wait patiently for the flowers to bloom, we are encouraged to see a slight rise in inventory on the real estate front.

The late spring and early summer tends to be the time of year that we see more properties hit the market. Like spring itself, this year we are seeing new listings coming on slowly, more of a sprinkle than an outright downpour with the total active listings for single family homes up 9%. We expect that some sellers are waiting out the weather and for their yards to "green up" before listing. So look for that number to continue to rise come June.

In the meantime, if you are looking for something in particular, let us know and we might be able to connect you with listings before they hit the open market. And as always, do not hesitate to reach out if we can help with any of your real estate needs.

Below is a snapshot of the current market:

Sold Market Analysis - Trailing 12 months

Overall Market 
• Sold Volume – Down 15% 
• Average Sale Price - Up 16% 
• Total Active Listings – Down 16% 
Single Family 
• Sold Volume – Down 23% 
• Average Sale Price –Up 7.3% 
• Total Active Listings – Up 9% 
Condo/Townhome 
• Sold Volume –Up 8.8% 
• Average Sale Price is $865,687. 
• Total Active Listings – Down 7% 
Vacant Land Residential 
• Sold Volume – Down 50% 
• Average Sale Price –Up 1% 
• Total Active Listings – Down 54% 
Median Residential Sale Price 
• Up 29%