Real Estate Market Update: The Sounds Of A Broken Record
“The Market is CRAZY!!” Ask any broker about this quarter’s real estate market update and we guarantee they will tell you the same thing.
Yet again, in the market update for Q3 2021, you will find that the demand far outweighs the supply of homes for sale in the Roaring Fork Valley. Higher prices and multiple offers continue in some sought-after areas, while others are seeing a bit of a lull with the summer season ending.
What Does The Housing Market Forecast Look Like For 2022?
As a result of such low inventory, while experts say this will continue into 2022, we are seeing fewer sales than last year in some areas.
If you have considered selling, now may be a time to obtain a market analysis of your property.
We have provided detailed real estate market reports for each major area of the Roaring Fork Valley. Shown below, click the up or down valley real estate market update to view year-over-year quarter three market reports from 2018 to 2021.
SIGNIFICANT SALES IN THIRD QUARTER
27 Years In The Making
Upper Cattle Creek Road |
$18,725,000 | 4,191 Acres
Listed & Sold By // Joanie Haggerty
Ultimately, the closing of this extraordinary Missouri Heights Ranch was unique because it was 27 years in the making. In other words, Joanie had cultivated a 27 year-long relationship with her clients – almost three decades of companionship.
Joanie sold this 4,000 acre ranch to the Seller in 1993. For years, Joanie and her family were at the ranch riding bikes, horses, and viewing the hundreds of elk that passed through the meadow. Coupled with Colorado activities, were the best views of Capitol Peak, Mt. Sopris, and the surrounding mountains she had ever seen.
An advantage of selling this beautiful property to her friends is that she got to enjoy it with them. Joanie says, “Selling the ranch in 1993 was the best thing that I had ever done in real estate. The friendship remained and they returned to me when they were ready to sell it. I’m grateful for their loyalty, the great times on the ranch, and most of all, their friendship!”
Riverfront Castle Creek Contemporary
249 Conundrum Road |
$8,850,000 | 1.3 Acres
Listed & Sold By // Melissa Temple
This Conundrum River House is an extraordinary home, ideal for reconnecting with family, friends, and nature. Nestled among the aspens and evergreens along Castle Creek, this remarkable retreat is only minutes from the vibrancy of Aspen, yet it feels a world away.
Marketing and advertising for this listing was very specific: to capture the magnificent and serene home and the Aspen lifestyle it provides – the balance of privacy with the convenience of Aspen.
Through an authentic and targeted digital marketing campaign which included personal video tours, a custom website, and unique print ads, Melissa was able to find the right buyer for this beautiful property.
Modern Aspen Alps Condo
Aspen Core | Aspen, Colorado
Listed & Sold By // Dean Gresk
The sale of this practically ski-in/ski-out Aspen core condo was incredibly unique because of the dedication and tenacity of Dean Gresk. Because of the strong COVID-19 market, this property was priced aggressively. Finally, after 130 showings and Dean’s strong negotiation skills, the property sold at asking price.
In the end, it boiled down to Dean organizing everyone to sign and agree to the Inspection Resolution at 11PM – before the 12PM deadline. Meeting this deadline was difficult because Dean was vacationing in Wisconsin and the Seller’s were on an African safari.
As a result, Dean was able to rally the team from different time zones and negotiate a fair deal in order to get all of the necessary documents signed before the midnight deadline.
VIEW OUR PREVIOUS REAL ESTATE MARKET UPDATES
Quarter Three 2020
Quarter Four 2020
Quarter One 2021
Quarter Two 2021