Time to Sell!!!
Are you a homeowner, thinking about listing your house? It is the time to do it now. The market is responding and it is responding in a wonderful way here in the Summit County Mountains.
The first time in five years, asking price has hit a high. Nationwide as well as in our Colorado mountains sellers are seeing the price of their homes rebounding. Knowing that we are seeing interest rates going up from the all-time lows now is the time to list with Omni Real Estate.
With the increase of asking price there does come some contingencies. From last year inventories across the country have gone up by seven percent. With increased prices there is a lot more competition as well. This is another example of the market responding.
Coming off the lowest level of ‘for sale homes’ in a decade the Summit County selling market is coming alive. We are not out of the woods yet we are still on average 12 percent lower than pre-market crash.
Reasons for the inventory of ‘for sale homes’ is low have a few different contributing factors. Mainly millions of homeowners still owe more than what their homes are worth. Value of homes especially in the mountain regions are up around eleven percent. Other reasons inventory are down include: people are not willing to take less than what they ‘think’ their home is worth, not willing to take less than what they paid for their home, and many people really locked in a great low mortgage from 2011-2013.
In Summit County low inventory has allowed sellers to truly drive the price of homes. It is believed that with the lack of inventory and direct competition that sellers are becoming greedy with prices. We are seeing it this spring many more homes and condos are coming back on the market helping to even out the pricing equation.
Omni Real Estate will help with Comparative Market Analysis to ensure that our buyers and sellers are putting themselves into the best situation for success. We will not let our clients over list, our pay too much for a given listing. Please contact us with any questions or concerns concerning your home or the purchase of you Summit County Dream Home.
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This Weeks Summit County Events
The end of November in the Colorado mountains is a transition into the heart of winter. Snow blankets the towering peaks and evergreen forests, creating a picture-perfect scene straight out of a holiday postcard. The air is crisp, with temperatures often dipping below freezing, and the soft crunch of snow underfoot accompanies every step. Ski resorts buzz with early-season visitors eager to carve the fresh powder, while cozy mountain towns like Breckenridge and Aspen twinkle with festive lights. Wildlife becomes more elusive, yet you might spot elk or deer grazing in the valleys, their thick winter coats blending with the snowy backdrop. It's a time of serene beauty and the promise of winter adventures. -
This Weeks Summit County Events
In mid-November, the Colorado mountains transition into a true winter wonderland. The air is crisp, with temperatures often dipping well below freezing, especially at higher elevations. Snow blankets the peaks and valleys, turning the landscape into a vast expanse of white against the dark, towering pine and spruce trees. Ski resorts are bustling with activity as they prepare for the upcoming season, while early-bird skiers and snowboarders eagerly hit the slopes, enjoying the fresh powder. Wildlife like elk, deer, and sometimes even moose can be seen foraging in the snowy fields as they prepare for the cold months ahead. For those not on the slopes, hiking trails provide a serene escape, offering glimpses of snow-dusted aspens and breathtaking, unobstructed views of the frosty, majestic Rockies. -
This Weeks Summit County Events
The beginning of November in the Colorado mountains is a time of transition, as autumn’s final hues give way to winter’s first snowfalls. Crisp, clear days with vibrant blue skies are interspersed with chilly nights, often bringing a dusting of snow to blanket the high peaks. Golden aspens have shed their leaves, leaving bare branches that stand in striking contrast to the dark green pines and snow-capped summits. Trails and lakes start to quiet as wildlife prepares for winter, and the towns begin gearing up for ski season. There’s a sense of anticipation in the air, as locals and visitors alike wait eagerly for the mountains to transform into a winter wonderland.
