REAL ESTATE NEWS - TRI COUNTY
MARKET RESILIENCY AS WE HEAD INTO AN ACTIVE SEASON
March demonstrated strength in the Tri-County market with sales up 81% compared to March 2023. Average sale price was up, days on market down, but the list price to sale price ratio was almost 15%. What does this all mean? The market remains strong, sellers are meeting buyers with their pricing, and although interest rates have stayed in the mid-to-high 6% range, buyers continue to make moves in all price points and neighborhoods.
This is all positive news heading into what is traditionally the busiest season. From April through August, inventory levels should climb and with that, pending sales. The message that buyers are more critical of properties and sensitive to pricing (compared to the harried state in 2020 and 2021) has been received by sellers as evidence of sales prices at or very close to the list price. This reflects a more balanced, pragmatic market whether you are a buyer or seller.
Curious about the market, your home value, or industry news? Let's connect and discuss what is top-of-mind. I'd be delighted to visit and bring you up to speed. Until then, enjoy the waning days of our ski/snowboard season as we all look forward to warmer months and transition to new activities this summer.
LOCAL EVENTS
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April 14th
Are you looking to learn some fly fishing skills? Build your confidence on the water with guide Jessi in the classroom first!
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April 20th
Antiques, collectibles, crafty stuff, Kool stuff, be Kool and be there. Bring cash, you're gonna want something I guarantee.
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April 26th
Gather together with local fermenters for an evening of learning, sampling & celebrating! This class will feature local fermented products and their makers including bread, kimchi, vegetables, peppers, meat, cheese & more!
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May 3rd
Not all sparkling wines are Champagne. Learn more about the sparkling wines of the world in this exclusive and informative sophisticated evening as we uncork a selection of exquisite sparkling wines paired with canapes for the first-ever showdown against a panel of judges!
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May 10th - 12th
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May 11th
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June 15th
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Jul 4th - 7th
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Jul 19th - 27th
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July 26th - Aug 3rd
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