Understanding the market and local economy is a critical piece to real estate success for both buyers and sellers. LIV Sotheby’s International Realty is proud to provide various reports as detailed resources for consumers to make informed decisions about their financial future.
The 2020 Economic Update provides a focus on confidence and capital, expanding on critical components for continued economic growth, written by Steven Kirby, Executive Vice President, Financial Officer for LIV Sotheby’s International Realty.
Last year, the need for homes that helped consumers live a life they love fueled the overwhelming surge in demand for Colorado homes. Our state’s unbeatable combination of access to outdoor adventures and lively and unique communities continues to maintain the momentum in the real estate markets across the Front Range and resort regions through the first quarter of 2021.
As far as real estate is concerned, 2020 was a rollercoaster with surprising ups and downs. However, in the end, Colorado’s one-of-a-kind lifestyle, stunning homes, and natural scenery helped the real estate market come out on top, yielding some of the most impressive increases in market activity seen in the past five years. With more consumers focusing on finding residences that enhance their overall lifestyles, communities across the state saw surges in luxury home buying and selling that wrapped the year up on a good note.
The Resort Report is a helpful resource for consumers interested in the high-demand resort markets of Colorado and beyond. The Resort Report analyzes data from 12 prominent resort areas throughout the western half of the United States, looking at the areas’ performance and what makes each one unique.