Just like all real estate markets the Evergreen Colorado market has seen a few bumps the last couple months. Even with a few bruises Evergreen has put up a good fight. It is a balanced market. Still not even close to a buyers market yet. It has had its ups and downs but sellers are keeping control. Reason for this can be seen in the document below (you can download if you so wish).
The market is not nearly the same story the news is telling you. Not surprising because the news is rarely correct these days. They like the doomsday scenario to make you click on their links. I prefer the truth over clicks. Evergreen is standing strong with an estimated home value of $922k. Down only 1.24% over last month, 2.83% over the last 3 and still up almost 11.5% this year. Up 37% in the last 24 months. Have you checked your 401k lately? Your home is doing much better. That story doesn’t get as many clicks as my story.
If you ask your friends or neighbors they will tell you that the sky is falling. I am here to tell you the sky is still where it was last year and the year before. Our inventory is still low. We are still seeing multiple offers on some really nice places that are priced correctly. Even with rising interest rates we are seeing active buyers and homes selling.
Days on market are a little longer but that is to be expected this time of year.
Sale prices are taking a little hit. Although our values are staying high people are listing their homes for less because they are listening to the news. The MEDIAN (which is not the same as the average) home price is a little lower. That is for a short period and not telling the whole story. Sale price is not the same value. There are many reasons why the sale price is different from overall value.
Overall the market is still strong. I would not panic. When you see me change careers you might want to panic. I have no intentions of leaving the industry any time soon. I have complete faith in the Evergreen Colorado real estate market.
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During the winter season, Evergreen, Colorado provides many fun activities such as skiing, snowshoeing, dog sledding, and snowmobiling. Additionally, you can explore the nearby trails, take a scenic drive, or head to the Evergreen Lake House for some ice skating and various events.
In the summertime, take advantage of the outdoor activities that Evergreen has available. Popular activities include hiking, biking, and fishing, and you can also attend concerts and festivals at the Evergreen Lake Park. Alternatively, you can go to the Evergreen Golf Course to play a round of golf, or take a drive to admire the majestic Rocky Mountains.