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\u201cNew listings have slowed down, but we still have properties coming on,\u201d Myers said. \u201cBuyers, from what I can tell online and in the number of phone calls I\u2019m getting, are very active \u2026 I think once we get past this we\u2019ll have good demand.\u201d<\/p>\n
Carrie George, of Keller Williams Realty, agreed with Myers\u2019 assessment, noting that people are still active, even if they are taking more time than usual to make big decisions.<\/p>\n
\u201cI have heard many refer to this time as the \u2018Great Pause,\u2019 and that is what is happening in the real estate market as well,\u201d George said. \u201cBuyers still want to buy and sellers still want to sell, but they are waiting for the coast to be clear.\u201d<\/p>\n
Data from the Grand County Board of Realtors supports the agents\u2019 experience so far. For single family units, the number of days on market has increased 10% compared to last year. Condos and townhomes have seen an increase of 95% in the number of days on the market.<\/p>\n
New listings for single family homes and condos are down 18-20% compared to last year. Myers noted that April is usually a busy month for new listings because it marks the end of ski season, and he expects the shutdown to cut into those numbers.<\/p>\n
\u201cApril\u2019s been the hotspot, so that\u2019s probably going to be affected a little bit, but there\u2019s demand for sure,\u201d he said.<\/p>\n
On the other side of things, only slightly fewer properties have been closed on this year compared to last year, Myers said. Both he and George still say Grand County is a seller\u2019s market. Housing prices haven\u2019t dropped, and lower interest and mortgage rates could help sales.<\/p>\n
\u201cThe current conditions are not a repeat of the housing crash of 2008,\u201d George said. \u201cCOVID-19 hit our country during one of the strongest economies in a generation \u2026 The real estate market (was) very active leading up to the shutdown.\u201d<\/p>\n
Due to the strong marker earlier this year, lower rates and continued interest from buyers and sellers, both she and Myers are optimistic the market will pick back up again quickly.<\/p>\n
\u201cWe\u2019re in a resort area, so a lot of our buyers are pretty solid financially,\u201d Myers agreed. \u201cThe market is pretty supported at this time.\u201d<\/p>\n
As for advice the agents would give buyers and sellers, both emphasized that now is the time to prepare. George suggested that sellers work on repairs or improvements while potential buyers should be consulting lenders. Myers noted that lenders\u2019 requirements regarding employment may have changed and encouraged buyers to reach out to them directly during this time.<\/p>\n
via:: Sky-Hi News<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"Despite the COVID-19 shutdowns, Grand County real estate agents are reporting only a slight slowdown in the local housing market. Since Gov. Jared Polis issued a statewide stay at home order, local real estate agents say the biggest change in business has been they are no longer conducting in-person showings. However, the interest in Grand […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[56],"tags":[],"class_list":{"0":"post-22402","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-local-news"},"acf":[],"publishpress_future_action":{"enabled":false,"date":"2026-06-20 05:22:54","action":"change-status","newStatus":"draft","terms":[],"taxonomy":"category","extraData":[]},"publishpress_future_workflow_manual_trigger":{"enabledWorkflows":[]},"distributor_meta":false,"distributor_terms":false,"distributor_media":false,"distributor_original_site_name":"KRKY Ski Country","distributor_original_site_url":"https:\/\/alwaysmountaintime.com\/krky","push-errors":false,"_links":{"self":[{"href":"https:\/\/alwaysmountaintime.com\/krky\/wp-json\/wp\/v2\/posts\/22402","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/alwaysmountaintime.com\/krky\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/alwaysmountaintime.com\/krky\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/alwaysmountaintime.com\/krky\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/alwaysmountaintime.com\/krky\/wp-json\/wp\/v2\/comments?post=22402"}],"version-history":[{"count":0,"href":"https:\/\/alwaysmountaintime.com\/krky\/wp-json\/wp\/v2\/posts\/22402\/revisions"}],"wp:attachment":[{"href":"https:\/\/alwaysmountaintime.com\/krky\/wp-json\/wp\/v2\/media?parent=22402"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/alwaysmountaintime.com\/krky\/wp-json\/wp\/v2\/categories?post=22402"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/alwaysmountaintime.com\/krky\/wp-json\/wp\/v2\/tags?post=22402"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
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