As ski season winds up for this year, we are seeing an increase in activity during March spring break season. February was a little slower compared to January, but based on activity in our MLS, we are seeing a surge in activity. Inventory continues to be slim on single family homes in the $400-600k range, so if you are pondering a real estate change...now is the time! As building season nears, if you are considering a lot/land purchase it would be wise to jump on the available inventory and get your architects and builders lined up because they are super busy.
Melissa Gibson reports on February real estate sales "February saw $34.5M in gross sales volume - a decrease of -24.32% from 2017. There were 69 transactions in February, down -33% from January 2017. Year to Date we are down -1.8% in Gross Volume and -11.05% in transactions. We definitely feel things picking up, so hopefully March numbers will put us back on track. There were 7 upper end sales in February and 2 New Unit Sales. There were a total of 91 loans in February 2018. 58% of purchasers closed with financing at the time of sale while 42% closed with cash."
For a full report Click Here
Live. Play. Own.