Summit County, CO, is enjoying a hot real estate market right now, and that could mean significant returns on your investment if you're considering a move!
Across the county, home prices continue to rise, and inventory is still low, which means the competition for those few homes is fierce.
Despite the often doom-and-gloom economic headlines you see in the news, now is actually an excellent time to consider selling your Summit County real estate. Let's break down some of the reasons why:
1. Economic Growth
Like most mountain towns/counties in Colorado, Summit County is experiencing a period of expected economic growth and development, especially in the retail and hospitality industries. That means more people are looking for housing, and this influx of potential buyers could drive prices up even further.
As more businesses come to the area and tourism continues to rise, the economy of Summit County continues to thrive. That's drawing more buyers who are excited about the area's potential, making it even more likely that your property will be snapped up fast and at a good price.
2. Home Values Continue To Rise
If you are looking to get the most bang for your buck, sell while the values are highest!
Recent sales stats show that homes in Silverthorne and the surrounding communities continue to enjoy steady growth in value in the long run, even as other economic realities strain pricing.
If you've been in your home for several years, you should have plenty of appreciation for your home to make selling worth it. Even if you've held the property for just a few years, you should be able to see a big return on your investment.
3. Low Inventory
Demand is high, and supply is low, that means buyers are competing hard and making sellers offers they can't refuse. Low inventory is keeping prices high, so if you're considering selling, now might be the perfect time to capitalize on that trend.
At the same, sellers are enjoying a bigger selection of buyers, meaning you have more options when it comes to finding the right buyer for your home.
4. Rates May Continue To Rise
The one unknown in the current real estate equation is where interest rates are heading. To help curb inflation, the
Federal Reserve has boosted rates, which could mean higher mortgage payments for potential buyers if they keep rising.
With a potential change in the landscape, it's better to sell now while interest rates are still low, you could end up fetching a higher price than you would have just a few months ago. You don't want to miss out on your opportunity for a good return on your investment.
5. You Have A Partner In Your Corner
Why is now an excellent time to sell in Summit County? Because as a real estate agent in this region, I know firsthand just how hot the local market is. I can help position your property to be most attractive and make sure you get the best possible price for your home.
Whether you're selling a primary residence or an investment property, my team and I will help guide you through the process every step of the way.
So if you're ready to take advantage of the market, don't wait,
let's discuss how we can get your Summit County property sold quickly and at top dollar!
Ready To Sell? Let's Chat!
If you're looking to maximize returns on your investment and take advantage of current market trends, now is an excellent time to consider selling in Summit County. With values continuing to rise, low inventory levels, and the potential for higher interest rates down the line, now could be the perfect time to capitalize on your home.
