Michelle Hermsen

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Explore Eagle County and Western Colorado Real Estate from Berkshire Hathaway HomeServices Colorado Properties was founded in 1971 by John Slevin and is currently owned by his son, Michael Slevin. We started out as a one-office company located in Vail, Colorado and then opened our second office in Beaver Creek, Colorado when Beaver Creek was founded as a Colorado ski resort. At that time, we had about ten real estate brokers and two offices in the Vail Valley. Today we have grown into a wonderful company with over one hundred real estate brokers, 14 real estate offices throughout Western Colorado, and one vacation and property management office located in the Vail Valley. We have now expanded into Summit County, Mesa County, Montrose County, Telluride, Durango, and Winter Park. We are still family owned and operated and continue to maintain our position in leading real estate sales in the Vail Valley.

February Real Estate News Eagle County

By Michelle Hermsen - February 19, 2025
REAL ESTATE NEWS EAGLE COUNTY More Inventory and More on the Way The year has started as expected, with new listings increasing – up 31% from this time last year. Pending sales are lower, due in large part to many projects that were under contract, waiting to close in 2024. Closings are on par with last year with two significant sales in Vail and Beaver Creek (Mill Creek Circle at $26m and S.

January Real Estate News - Eagle County

By Michelle Hermsen - January 15, 2025
REAL ESTATE NEWS | EAGLE COUNTY Return to Fundamentals as Market Remains Active 2024 culminated with Eagle County dollar volume increasing an impressive 14.4% from 2023 while unit sales slipped 7%. This data indicates that prices have remained strong despite headwinds that include higher interest rates and a presidential election cycle that generally reduces sales. The lower residential sales

December Real Estate News - Eagle County

By Michelle Hermsen - December 18, 2024
REAL ESTATE NEWS | EAGLE COUNTY Happy Holidays to you and yours! With great snow and visitors flocking to the mountains, it is truly a special time to be here in the Vail Valley. While here, enjoy everything the area has to offer – from holiday markets to concerts, recreational opportunities, and time with friends and family. Some of our favorites are listed below but if you want even more, p

November Real Estate News Eagle County

By Michelle Hermsen - November 19, 2024
REAL ESTATE NEWS | VAIL & BEAVER CREEK Winter is Upon Us! Eagle County’s real estate market continues to impress with average sale prices increasing – though units sales have lagged previous years due to ongoing elevated interest rates and inventory availability. On a macro level, real estate markets generally pause during presidential election year cycles and we are likely in the midst of that

October Real Estate News - Eagle County

By Michelle Hermsen - October 14, 2024
EAGLE COUNTY - COLORADO - REAL ESTATE The Return of Fundamentals Our market is back to more typical fundamentals. Price, location, and condition factors, elements that the market deviated from in the height of pandemic-era real estate, have returned. Interest rates, too, are back to normal fluctuations but have trended down in the last few months in anticipation of macroeconomic shifts. All to

SEPTEMBER REAL ESTATE NEWS - EAGLE COUNTY

By Michelle Hermsen - September 11, 2024
REAL ESTATE NEWS - EAGLE COUNTY Listings and Pending Sales Remain High Activity across our communities has quieted. Leaves are slowly beginning to change and the transition to the winter season is upon us. While we make the shift, there remain many local activities and events to look forward to (see below). Autumn is a favorite time of year and whether you are here or can make a trip out to se

August Real Estate News - Eagle County

By Michelle Hermsen - August 14, 2024
REAL ESTATE NEWS | EAGLE COUNTY Supply Remains Elevated – Rates Move Down Available homes for sale in Eagle County remain at their summer highs and approximately 21% higher than the same time in 2023. Home buyers, who have waited for more properties and/or interest rates to retreat, have been rewarded with a good supply of homes and rates well off their highs, now hovering in the l

JULY REAL ESTATE NEWS - EAGLE COUNTY

By Michelle Hermsen - July 11, 2024
JULY REAL ESTATE NEWS - EAGLE COUNTY Inventory Rises - Will Buyers Follow? The market has settled into its historic (pre-COVID) pattern with inventory rising and likely to increase into early August. Today, there are 35% more residential properties on the market than a year ago and that bodes well for buyers looking to make a move before the end of summer and start of the winter season. Gener

JUNE REAL ESTATE NEWS EAGLE COUNTY

By Michelle Hermsen - June 13, 2024
REAL ESTATE NEWS - EAGLE COUNTY SUMMER HAS ARRIVED! The valley has sprung to life with summer activities and events happening in earnest. Strong activity has also been seen in the real estate market with new inventory becoming available on a daily basis and showing activity increasing. If you have been considering a move, buying or selling, this is an ideal time as we should see even more

May Real Estate News Eagle County

By Michelle Hermsen - May 10, 2024
REAL ESTATE NEWS - EAGLE COUNTY Spring Market Trends: Rise in Home Inventory Signals Increased Buyer Activity As predicted, available homes for sale are increasing entering the warmer months. Compared to a year ago, inventory in the Vail Valley is up 29% while pending sales have declined 29%. Much of the pending sale decline can be attributed to the completion (and sale) of projects in Avon

APRIL REAL ESTATE NEWS EAGLE COUNTY

By Michelle Hermsen - April 12, 2024
REAL ESTATE NEWS - EAGLE COUNTY Market Resiliency As We Head Into An Active Season March demonstrated strength in the Eagle County market with sales up 47% compared to March 2023. Average sale price was down, days on market up, but the list price to sale price ratio was almost 99%. What does this all mean? The market remains strong, sellers are meeting buyers with their pricing, and although int

FEBRUARY REAL ESTATE NEWS EAGLE COUNTY

By Michelle Hermsen - February 26, 2024
REAL ESTATE NEWS | EAGLE COUNTY 2024 Inventory and Demand Up January sales (generally a product of November/December contract activity) were up 33% compared to January last year and pending sales, inventory, and dollar volume remain at elevated levels in a sign that there appears to be a more normal, predictable pattern of activity developing in the market. Inventory is up 25% compared to 2023

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