Despite lower buyer demand, many anticipated home prices to plummet this year, but that prediction has not come to fruition due to a shortage of available homes on the market. If you were one of the individuals hoping for a price drop by "waiting it out," it's time to reconsider. Compared to the same period last year, the first quarter of [...]

Happy Thanksgiving week. It's the calm before the visitor storm here in the high country and a predicted white turkey day as well! We’ve enjoyed some great early season snow bringing our current snow pack to 100% of normal and a mid mountain WP resort base of [...]

It’s that time again for your trusty market report. Things are getting a little spooky in the real estate world right now. Lots of evil creatures are lurking about and the zombie apocalypse is near!

Just kidding.

But are we in a spooky market right now?  No - not really.

Are interest rates instigating a pause for Buyers?  Absolutely.

Is it a [...]

July Market report 2022

Happy high country summer days where the temps hover around 80 degrees maximum by late afternoon. We feel pretty blessed when we need a light jacket in the early morning hours vs the urban heat we know much of the country is experiencing. The wildflowers are bursting open, the scenery is super green thanks to semi [...]

Top Winter Park Real Estate Market Trends for 2022

According to the Natl Assoc of Realtors (NAR), 6.12 million existing homes were sold in the US in 2021. This is the highest number of existing home sales since 2006.

Chief Economist at NAR, Lawrence Yun, predicts that home sales will slow slightly due to lesser inventory.

Interest rates are expected to rise in 2022 but still should remain at record lows; NAR predicts a 3.7% 30-year interest rate as the high for 2022. Some other economists feel it could be between 3.5% and 4%

2021 ended with the lowest month of inventory (Dec) since 2006 across the country.

Second homes and investment properties will face additional lending fees imposed by Fannie Mae and Freddie Mac starting April 1.

1031 exchanges are currently OFF the chopping block, but this is always something to watch per the current presidential administration.

In Colorado, supply in second-home areas are still at record lows for existing home sales, development/construction is prevalent in all communities trying to fill demand, but we are still not meeting current demand

Curious to Learn More?

You know were approaching the end of summer when you can finally turn left onto Highway 40 midweek and the local coffee shops are making pumpkin spiced lattes again. It was, thankfully, a milder summer with much needed moisture helping our forests and our PTSD from last years wildland [...]

April Market Report Takin on a challenge is a lot like riding a horse. If youre comfortable while youre doing it, your probably doing it wrong. -Ted Lasso

No doubt the current real estate market is fraught with challenges. The lack of inventory for purchase exists in most markets across the country not just in our small mountain community in [...]

In 2018, we saw the steady increase in values for all property sectors in the greater Winter Park area, coupled with a lot of new construction. Weare predicting more of the same in 2019 and expect it to stay a sellers market with some caveats.We arecuriousto see how the new construction affects re-sale properties. If enough new homes hit the [...]