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.
LIV Sotheby’s International Realty provides Micro Market Reports (MMRs) analyzing Mid-Year (January through June) 2020 real estate performance in many of Colorado’s most popular markets, including Denver Metro, Boulder County, the Foothills, Summit County, Telluride, Crested Butte, and the Vail Valley. All MMRs compare activity for single-family and attached dwellings within in the residential areas the brokerage serves.
Due to heavy restrictions on real estate activity during the COVID-19 pandemic, real estate activity was slower than normal throughout the spring. Although homebuying was impeded for much of March and April, consumers’ determination to continue their real estate journeys resulted in a boom of buying and selling in the delayed spring market. In analyzing luxury real estate metrics throughout various Colorado communities, it is clear that the markets are still thriving, even during these unprecedented times. LIV Sotheby’s International Realty, Colorado’s leading luxury real estate brokerage, produces a quarterly Residential Luxury Report, comparing January through June of this year to the previous year.
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.