Hey,
Been super busy....as I am sure most of you have already heard:
- Many luxury properties are being bought without even viewing them
- Record MLS sale @ 11.1 million for the Shaw house immediately following the flood
- Last 30 days set a record with 5 4 million dollar homes selling
- Rental rates are very unrealistic and only climbing. Typically I see 1 or 2 messages a week within my office for people looking for a rental property. Seems 1 or 2 a day are coming up right now.
That said, I personally am seeing most of this within the inner city and SW (aspen) area. The rest of the city seems normal.
Itll be interesting to see what happens once the dust has settled and the luxury homes ruined by the flood have been fixed up. Are the owners who have went off and bought something else to live in going to create a huge supply of luxury rentals or will we see a bunch of luxury homes hit the market all around the same time...
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