 |
| Breckenridge, CO 80424 |
With
respect to the Summit County residential market, as I have been saying for
months now, we are seeing a slow and steady climb out of the recession pit. I
am seeing well-priced properties moving and buyers who think they have plenty of
time, may lose their top property picks to another buyer. Also, buyers who try
to "push the envelope" too far will not get the concessions they could have
expected only a short time ago. Noticeable price
appreciation isn't happening just yet, but distressed properties are all but
gone, and as sales continue, prices will climb. With interest rates at all time
lows, it's the "perfect storm" buying opportunity: low interest rates,
pre-appreciation pricing, and just out of the bottom timing.
Another
sign of recovery is the fact that vacant land is the one sector where we are
seeing price appreciation. Builders and developers are feeling confident that
the market is returning. New construction is appearing in Summit County and
when it is completed, developers are hopeful the market will have
returned.
Amy Nakos, JD, GRI
anakos@yourcastle.org
970-389-8388
No comments:
Post a Comment