Colorado Dreams Broker

Keats Ann Scott
Broker Owner
491 Blue River Parkway (hwy 9)
Silverthorne, CO 80498
970-485-0793

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Real Estate Market Update

I’ve had several people over the last week or two ask me how the market is doing.  I figured you would like to know too.

It looks like this year is going to be up about 10% in the number of sales over last year. Keep in mind last year was the lowest number of sales since 1989!

One thing that seems to be happening lately is the buyer with cash that makes a “low ball” offer, and if the seller doesn’t take it he moves on to another property and tries again. I’m seeing some incredible sales. The trick is the buyer had cash and was prepared to buy quickly without any contingencies.

If you think of it, considering cash is not making any money at the bank, the buyer is figuring real estate is a good investment over the long run and in the meantime he gets to enjoy the property.