Recent Quarterly Stats Point Toward Continued Strong Appreciation
In the midst of constant speculation about the future of the real estate market, we like to let the stats speak for themselves. The quarterly data for Grand County shows increased value in single family homes, townhomes, condos, and vacant land across the board in the first quarter of 2022. The capacity for remote work as a result of the pandemic coupled with the record-low mortgage rates of the past year and half have resulted in a low-inventory, high-demand market, a market that is recording consistently strong appreciation despite growing mortgage interest rates and geopolitical uncertainty.
Looking for a new home or investment property in Grand County? Do you own a property and think now might be the time to sell? Let us help you look at the numbers and determine what's best for your situation and goals!
IN THE MARKET TO BUY?
With the likelihood of increased mortgage interest rates and continued low inventory, signs point to now being the time to lock in your new property. The cost of waiting to buy can be significant.
SELLING?
Looking to sell? Now may be the time to capitalize on the value of your property while demand is high and interest rates have not yet peaked. According to data compiled by the Colorado Association of Realtors, the only stats that have dipped in the past year are those related to inventory and number of listings. The value of and demand for your property continues to grow.
WHAT'S YOUR PROPERTY WORTH?
Curious about the numbers or what's happening in your neighborhood in this still-hot spring market? Reach out to us today for a free Comparative Market Analysis to help you determine the current value your property!
Posted by Angela McDonough (Sandstrom) on
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