Real Estate

First new major Vail Village development in 10 Years

Altus Vail, a new 15-unit luxury residence development opening  in summer, 2021, marks a significant milestone as the first new major construction in Vail Village in 10 years. The region is faced with a scarcity of new homes as it comes off a record year with $3.5B year in real estate sales and historic lows in inventory. Altus brings together a proven team of local and Colorado developers, designers, property and sales executives.

Listings down, prices up in mountain towns

Real estate experts say pandemic influences include pent-up demand from buyers, limited availability as potential sellers choose to remain in place, interest rates as low as 2.5% for a 30-year mortgage, and significant increases in location-neutral workers who have proven productive. The active summer buying season extended into fall after limited in-person showings in spring. The tight single-family home inventory and price appreciation have put dreams to relocate on hold for some.

What's a seller to do in today's real estate market in Denver?

This is a great time to list your property due to low inventory and interest rates. While the low inventory does have buyers nervous, those who come to the drawing board well prepared are still able to find homes. The same holds true for sellers who are looking to sell. Everyone needs to be prepared in advance to attract the right buyer as well as act when the right home comes along.