Housing supply tightening as sales boom

87041 Resource 78724 78558 78558 1111266710043 1141617539084 Controlled Where did all the SnowHomes go?

More brokers than listings? That's rough for buyers in Vail!

We're not there yet.  And, that's a good thing.  A recent report from Vail shows that the number of real estate brokers exceeds the number of property listings by 670 to 569.  Yikes!  If you are from California or any of a handful of very hot markets in the U.S., you may already be familiar with competition for properties.  My real estate friends in San Franciso, for example, complain that they may have to represent a buyer on as many as half a dozen offers before their buyer finally gets one.  And, by that time, those buyers have given up most of their important criteria and have become willing to far exceed the asking price going in.  It's crazy!  In Summit County, on the other hand, we have about 630 Realtor members of our Association and over 2600 listings.  That includes everything, from condos and townhomes to single family homes and building sites and acreage.  But, there are still 1402 residential listings.  In addition, prices are much more calm here.  Even though we broke some records in 2004, including going over the $1 billion mark in gross sales volume for the first time, you can still buy a very nice single family home here for what a close in 2-bedroom condo will cost you in Vail.  Our prices are lower partly because of our proximity to Denver and the Front Range.  It's easy to drive to Summit County, more difficult to do so to Vail.  According to my friend, <a href="http://www.vaildaily.com/article/20050226/NEWS/102260013&SearchID=73202450698233" target="_blank">Jim McVey, in Vail</a>, properties there are often on the market only a few hours before being scarfed up by hungry buyers.  So, you decide.  Is it worth the drive, the pressure, the price to go to Vail?  If not, how about trying a less stressful shopping trip for your SnowHome right here in Summit County.  But, if you really want to check out Vail, I know the best buyer representatives in that market.  Give me a call first - 888-353-SNOW - or send an email to <a href="mailto:Ken@SnowHome.com">Ken@SnowHome.com</a>.  9 application/xml false Jim McVey single family home snowhome Summit County Vail listings Housing supply tightening as sales boom It's a sellers market in Vail. Buyers beware! http://www.vaildaily.com/article/20050226/NEWS/102260013&SearchID=73202450698233 Mozilla/4.0 (compatible; MSIE 6.0; Windows NT 5.1; SV1; Tablet PC 1.7; .NET CLR 1.0.3705; .NET CLR 1.1.4322) 67.190.106.111 67.190.106.111 kdeshaies false true false false true 205866 false false true false false false true 78724 blog blogsite/SnowHome/web