January 2012 Market Update
As we head into 2012 Eagle Valley Realty is starting to see a shift in the market. We have watched the inventory decline for months and we have just hit a 5 year inventory low in Eagle County. We have not seen inventory levels this low since 2006. Foreclosures were at record figures in 2010 and flat for 2011. Have foreclosures peaked? Will we start to see this decline in 2012 as well? Time will tell, but what we do know is that decreased inventory when applied to the basic economics of supply and demand result in price increases. We are not saying we’ve hit bottom yet but indicators are suggesting a turn in the market.
Below are the detailed area market updates as of January 10th which you are accustomed to seeing plus the Eagle County Trends Reports:
Avon & Beaver Creek Market Update
Eagle County 15 Month Market Trends
Eagle County 10 Year Market Trends
As you know, the valley is very diverse and all areas, neighborhoods and pocket neighborhoods are performing differently. We hope the above information is helpful and do not hesitate to contact us for additional information, questions or concerns. You also have access to the Vail Board of Realtors MLS at www.eaglevalleyrealty.org. Click this link and the search is located on the right navigation. This information is updated daily and contains every active residential listing with detailed information, photos and videos of properties from Vail to Gypsum.
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