What differentiates you from other realtors in the luxury real estate space in the Vail Valley?
We show our clients how to live like we live here in the Vail Valley. We work hard and play hard. Our ability to build trusting, long-term relationships with clients is what drives our success. We rarely work with a client who does not become a close friend over time. We love helping people navigate the important purchase of a home. Whether it is the place they will call home or the next property they will use as an investment to build their portfolio, we take pride in walking clients through each step of the process!
What trends are you seeing in luxury home designs in 2022 and beyond?
Coming out of the pandemic, we have a renewed appreciation for emotional and mental health. Seeing a home as an escape from everyday hectic life is driving the “less is more” mantra―designers and architects are getting rid of the ostentatious features and the desire to make a loud statement. Modeling living spaces after calming sanctuaries with neutral tones and sustainable materials that evoke a sense of refined simplicity is becoming an “in” approach to design this year more than ever.
During the COVID pandemic (March 2020–March 2022) the real estate market across the US was on fire. What has changed since then?
We are currently seeing a market shift to a more balanced market. With all the talk of the Fed rate hikes, mortgage rates rising, the stock market declining, and other worldwide events, people do have the jitters. Sellers fear they won’t get the top dollar for their properties and buyers do not want to overpay for a property.
That being said, if sellers have owned their properties for some time, chances are they have built up substantial equity. With continued supply shortages and high buyer demand, now is a good time to sell your home. Buying a home can be good right now as well. There is increased inventory available, and homes are staying on the market for longer than they were during COVID, thus giving buyers more negotiating power.
How can a looming recession affect the housing market?
A recession does not equal a housing crisis. That’s the one thing that every homeowner today needs to know. Most people vividly remember the housing crisis in 2008 and think if we were to fall into a recession, we’d repeat what happened then. But the fundamentals are very different today than they were in 2008. So, we shouldn’t assume we’re heading down the same path. The bottom line is that we’re not in a recession in this country, but if one is coming, it doesn’t mean homes will lose value. History proves a recession doesn’t equal a housing crisis.
Is real estate still a good investment in a shifting market?
As inflation is rising and the stock market continues to fluctuate, investors are looking at real estate as one of the best investment opportunities. Traditionally, real estate is a great hedge against inflation. As an asset class, it provides something that other asset classes can’t: leverage. It’s easy to use leverage with real estate, and that’s one reason why it brings such great returns. Have more questions about luxury real estate? Contact Liz Leeds at [email protected] or Debbie Gibson Curtis at [email protected]
I have had the pleasure of working with Liz Leeds and Debbie Gibson on approximately 14 different transactions since 2017. The two of them make such a sufficient and easy to work with team. I would never consider using anyone else in the Vail/Aspen areas. They are both so delightful and energetic to work with, but even more importantly they are very knowledgeable in the current real estate market and transactions. I wish I could work with them in every state that I do business!
Liz Leeds & Debbie Gibson Curtis
Slifer Smith & Frampton Real Estate
Liz Leeds | [email protected] | 970.331.1806 | LizLeeds.com
Debbie Gibson Curtis | [email protected] | 970.470.3866 | LiveInVail.com