Real Estate Insights

Many people think the idea of buying or selling real estate during Winter is a crazy idea. This is especially true if you live in a Colorado mountain town like myself. I have had this conversation several times recently with clients and so I thought it would be helpful to share some insight to what the actual experience looks like to buy or sell during the Winter months.

Real Estate

I was recently talking to some friends who run a business in the ski industry about how the below average snowfall this Winter has impacted their business and I suddenly had an epiphany; All businesses have seasonal challenges to overcome. When studying historic real estate market trends here in Western Colorado, the common pattern we see in the real estate market is that activity tends to heat up in the Spring and Summer and cool down as we head into Winter. So, what does this mean for a potential buyer or seller? For buyers, there are several factors to consider when shopping for a home and seasonality plays a role in this believe it or not! As a buyer it’s easy to get tunnel vision on the house you want, the neighborhood you want or just finding the best deal out there. I challenge my clients to take off the blinders and ask yourself questions like this; I wonder if anyone else is considering this home? Will more homes like this one become available in the next 3-6 months? Will the price change once we get to warmer weather?