27TH ANNIVERSARY D AV I D V I E H M A N
DEVON VIEHMAN
LUKE SMITH
J O S I E DA N I E L
KARA PEARSON
YEAR END 2021
Record-Breaking Dollar Volume with Dearth of Inventory
pandemic has continued through 2021 (up 21% from 2020). The combination of high demand, tight inventory, and the search for quality living in a small, Rocky Mountain community continues to push prices higher.
As we close the books on 2021, the valley’s biggest real estate headlines for the year are clearly the recordbreaking $2.97 billion in dollar volume and dearth of overall available inventory. The overall dollar volume that almost broke $3 billion represents a 20% increase from year-end 2020, and the overall available inventory hit another record low of 102 active listings (down 9%).
The dearth of available overall listings is at another recordbreaking low—down 9% from the end of 2020. For the past 25 years, we have watched available inventory shrink from 1,596 listings at the end of 1996—the height of overall available inventory—to only 102 at the end of 2021. Of those, 528 were single-family homes compared to the mere 47 single-family homes currently on the market. NOTE: At the beginning of 2021 there were no singlefamily homes listed for under $1 million. 2022 is starting off with zero single-family homes listed for under $2 million.
The dollar volume acceleration that began in 2020 (up 83% from 2019) in the early months of the COVID-19
AVAILABLE INVENTORY 1,800 1,596
1,600 1,400
1,482
1,200 1,000 800 593
583
600
570
421
550
482
400
406
388
263
366 290
200
102
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