Denver Post: Combining work and pleasure, buyers snapped up vacation homes in a big way during pandemic

Routt County was Colorado’s hottest vacation-home market, the National Association of REALTORS® found

“As we enter the month of June, buyers and their agents are hopeful for more inventory — reminiscent of thoughts we have about snow — when it is going to come and how much we are going to get?” said Steamboat Springs-area REALTOR® Marci Valicenti, in separate comments provided by the Colorado Association of REALTORS®.

Before the pandemic, workers in vacation home counties worked from home at an above-average rate. And when employers opened the door wide to remote work last year, more people headed to their favorite vacation spots.

Valicenti said it comes down to basic supply and demand, and supply is struggling to keep up. Although new construction normally provides relief by boosting supply, most homes built in resort towns are custom-made.

“It will be interesting to see how many buyers who purchased land in the last nine months are going to be patient enough to wait for an available contractor or decide it is too expensive to build,” she said.

Read the rest at the Denver Post.