“September results for the composite market (Aspen to Parachute) reflected usual seasonal slowdowns in residential activity for both listing and sales. Notably, while it has occurred throughout the year in some of sub-markets, there were more sales than listings in September for the overall market. That’s the first time this has occurred in 2016 for the market as a whole,” according to the data and analysis provided in the September 2016 Market View report issued October 10.
The report continues:
“Ted Jones, PhD and Chief Economist for Stewart Title, was a featured speaker at the Mountain and Western Slope Real Estate Summit that occurred last week in Breckenridge sponsored by the University of Denver and Rocky Mountain Commercial Brokers. In his speech, he stated that every recession in U.S. without exception has been preceded by a decline in leisure and hospitality sectors. Given the significant impact that travel, leisure, and hospitality play with respect to our local economy, that’s a statistic worth paying attention to. So how are things looking?”
To continue reading the complete report, including commentary by Joe Carpenter and his proprietary charts, follow this link.
Professionals all across our industry look to the data and analysis featured in this Market Trends LLC guide each month in order to understand the latest residential real estate trends in this market.
Researched, compiled, analyzed, and published by Joe Carpenter, one of our own brokers here at Fleisher Real Estate, the report features data on the number of real estate transactions and other key variables, measuring the total market opportunity and their respective market share. Real estate companies, brokers, mortgage companies, banks, appraisers, developers and other professionals rely on this report because, according to Market Trends, these trend indicators can display shifts in market direction well in advance of when they show up in prices and negotiating terms.
But what does that mean for you? While this is a report designed for industry professionals, it provides key insights that may provide individual buyers and sellers with an advantage as they approach their own transactions. We believe that knowledge is power, and like the report’s visionary Joe Carpenter, our entire team of experts believes in sharing our knowledge with our clients and the communities we serve. With this empowerment, we help set the stage for more successful transactions and more satisfied buyers and sellers.
If you are wondering how these trends may impact your own plans to buy or sell, contact Fleisher Real Estate today to begin the conversation.