We all know that interest rates were the topic of the year but that didn’t stop people from getting a loan. Of the 358 sales, 163 were purchased with a loan with 150 residential properties and 13 vacant lots. Properties spent more time on the market, in general, but the average list to sales price was 97%.

So what can we expect for 2023? So far, we have very low inventory and I don’t see that changing a lot, at least in the first quarter which means we won’t see a decline in the average sales price. For sellers, it will be imperative that you price your property correctly if you want to sell quickly. Homes that are priced correctly will sell faster and likely for more money than a home that is overpriced. Buyers, you will continue to have a little leverage with sellers because demand is slightly lower. It will be a great time to sell because inventory is low and a great time to buy because there will be less competition. Buyers, make sure you focus on the monthly payment, not the interest rate! While rates are higher, your actual payment may not be unreasonable.

Check out all of the detailed stats for 2022 below and CALL me with any questions!

P.S. We have gotten 35″ in the last 7 days! The mountain is skiing great and the T-Bars opened yesterday! Whoop whoop!