In 2010 and the early part of 2011, nobody was looking at real estate on the mountain. Over the past 12 months, however, sales have picked up. In several instances owners have received multiple offers on their properties.
The typical buyers’ profile is that of young families, and since the goal is to purchase so the kids can grow up on the mountain, the time is right to get into the market.
The signs of improvement are positive, but the million-dollar question is when will we know we’re truly on an upswing?
People that are purchasing think that the market is at the bottom and that prices can only go in one direction, which is up.
Every buyer that has purchased in the past 18 months feels 100%t confident that their purchases will do nothing but appreciate in value.
One caution to sellers: even though buyers seem to be showing increased signs of confidence, it is the deals that they are looking to buy. If you’re not offering the best deal out there, it is still going to be difficult to sell.
But to all the buyers out there, prices are low and interest rates are low. What are you waiting for?