Market Report: Q3 2020 vs 2019

We have seen an unexpected whirlwind and flurry of activity since June. Real estate sales have been incredible this summer and we are continuing to see a high number of sales this fall. Home inventory is incredibly low and prices are high, making it a great time to sell. Loan interest rates also remain low, incentivizing buyers to purchase now. Interest in our area is also higher than ever before due to the COVID-19 pandemic and rioting in big cities - more secondary homeowners are choosing to spend more time or move here primarily. Urban residents with the capability to work remotely are buying first and second homes here to get out of the city.

In Basalt, the average sold price of single family homes AND condos/townhomes/duplexes are up 19% compared to 2019. Total number of properties sold is up 24% and 26%.

In Carbondale, stats for single family homes are similar. Average sold price of a single family home is up 21% and the number of sales is up 27%.

Please click to see the full market report below and reach out if you have any questions or concerns about buying or selling in the area!