Welcome to Ski Summit Show Episode 96! In this episode, we dive deep into the effects of the upcoming 2024 election on the real estate market. Historically, home sales tend to bounce back after elections, and we explore the reasons behind this trend. Did you know that 23% of new homebuyers are currently hesitant due to election uncertainties? With projections of a 700,000 increase in home sales nationwide next year, there’s reason for optimism!
What's Happening In the Summit
We also provide updates on ski resort opening dates, with Arapahoe Basin kicking off the season on November 2, followed by Breckenridge, Cooper, Copper Mountain, and Keystone on November 8, and Eldora, Loveland, Vail, and Winter Park opening on November 15. However, warm weather poses challenges for snowmaking.
Market Update
In our market update, we examine buyer demand trends in Summit County, including the impact of days on the market on seller concessions. The sweet spot for demand currently lies in the single-family homes priced between $1M to $1.5M.
MLS Check - This Week's Top 3
Finally, we showcase some exciting property listings, including a single-family home in Whispering Pines for $1,799,000, a condo on Tenderfoot Street for $1,649,000, and a stunning home on Torrey Lane. Each property has its unique features and potential, so be sure to check them out! Link to the Listings >
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