What a winter it was! As the weather gets warmer and the snow melts away, it’s time to look back at the Summit County real estate market in the first quarter of 2022.
Buying property is a big decision, especially in the real estate environment today! In looking for a condo in the fall of 2021 in Fort Collins, it felt like a refresher course in home buying and a different experience!
What a year 2021 was! Can you believe we’re already three weeks into 2022? Looking back at the year that was, it’s no surprise that real estate sales were through the roof in Summit County. We’ve seen a rise in property value across the country and a desire for many working remotely to move to the mountains.
Appreciation and lack of supply is causing upward prices. New construction is not keeping up with population growth. Residential properties are selling over list price and multiple offers.
The Colorado housing market has not only bounced back, but it’s exceeded last year’s performance by a long shot- and 2020 isn’t even over yet. Earlier this year, uncertainty plagued everyone’s minds, and rightfully so.
The real estate market is moving very quickly in Summit County. As we are seeing more buyers than properties, we’ve also seen that multiple offers are presenting themselves more often than not.
