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Spring 2012 Market Update
If you can qualify, now is an exceptional time to buy a home in Vail. Low rates with falling home prices makes a home purchase a great value! Call now for more information at 970-306-2198
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| Average Home Price | $1,100,000 - View Graph Trend |
| Average Price Compared to Last Year | Down 5-10% |
| Average Time on Market | 30-60 days |
| Best Selling Price Range | $550,000 - $599,000 |
| Worst Selling Price Range | $100,000 - $149,000 |
| Prices As % of Asking Price | 80-85% |
| Existing Home Prices for the past 90 days are? | Decreasing |
| Market Trend | Decreasing |
| Buyers’ or Sellers’ Market | More buyers than sellers |
| Buyer Activity for the past 90 days in Vail is | Increasing |
| Seller Activity for the past 90 days in Vail is? | Decreasing |
| Multiple Offers? | Yes |
| Multiple Offers Commentary | Due to the amount of Bank Owned and it is growing, It is very common to see multiple offers coming in. |
| What Percentage of the Current Housing Inventory are Foreclosures and/or Short Sales? | 40-45% |
| Is Financing Available For Qualified Buyers? | Yes |
| Comments on Financing For Qualified Buyers | All time low rates are available! Our Local Banks are Pre-Qualifing as quickly as they can and Loans are going through. Credit scores of 640+ are a great number to get started with. |
| Housing Inventory | Good supply - Some Prices |
| Inventory Comments | The median sales price for homes in Vail CO for May 1 to Aug 11 was $1,268,000. Inventory has dipped a bit as Investors are strongly entering our Market. Rates are at an all time low. Now is the time to BUY in VAIL. Short Sales and Forclosures are at an all time high. Investors and folks with good credit are taking advantage of this market. |
| Greatest Activity | Repeat Buyers |
| Reason to Buy/Sell | Good economic news |
| Nearest Metro Area | Avon |
| Housing Hot Spots | Most towns within the Eagle County area are considered ’Housing Hotspots’ The Vail real estate market is exclusive, yet it offers some affordable properties for sale. Future homeowners and investors may choose to purchase property in any of Vail’s exclusive gated communities and new home subdivisions, or near local golf courses and ski resorts. Vail condominiums and townhouses in the valley range starting from $350,000 and can exceed several million dollars for spectacular mountain views, custom built properties, and other exclusive amenities. Vail homes are priced starting under $350,000 and range into the millions for Vail estates overlooking the lower valley. Investment property and vacation homes in Vail are available for purchase starting at $550,000. Opportunities to purchase rural property or ranch homes in Vail are also abundant. VAIL,Minturn, Eagle-Vail, Avon,Beaver-Creek,Wildridge,Mountain Star,Edwards,Riverwalk, Homestead, Cordillera, Cordillera Valley Club,Divide,The Ranch,The Summit,Eagle, EagleRanch,The Highlands, Ski-in, Ski-out,Lake Creek Squaw Creek,Homestead,South40,Berry Creek, Arrowhead,Buffer Creek, Vail Das Shone, Vail Heights, Vail Ridge Highland Meadows Intermountain, Matterhorn, Vail Village West,East Vail,West Vail,Big Horn, Booth Creek. The Ritz in Vail-Lionshead,The Solaris, The Arrabelle,Vail Valley,Bachelor Gulch,Singletree,Bellyache, Red Sky Ranch,Gypsum.Vail Valley Real-Estate Market, 5,289 skiable acres on Vail Mountain. 6-mountain Epic Pass -$649.00 for the 2011-2012 ski season. |
| Average Sold Price | $1,100,000 - View Graph Trend |
Vail Local News
News for Vail, CO - November 10th, 2011 11:27am
Lessons give you the opportunity to take what you learn and apply it in a variety of terrain and conditions. Our pros are part coach, part mentor, part guide and all passions
News for Vail, CO - January 6th, 2011 1:05am
Vail homes are priced starting under $350,000 and range into the millions for Vail Estates overlooking the lower valley. Investment property and vacation homes in Vail are available for purchase starting at $550,000. Opportunities to purchase rural property or ranch homes in Vail are also abundant. VAIL,Minturn, Eagle-Vail, Avon,Beaver-Creek,Wildridge,Mountain Star,Edwards,Riverwalk, Homestead, Cordillera, Cordillera Valley Club,Divide,The Ranch,The Summit,Eagle, EagleRanch,The Highlands, Ski-in, Ski-out,Lake Creek Squaw Creek,Homestead,South40,Berry Creek, Arrowhead,Buffer Creek, Vail Das Shone, Vail Heights, Vail Ridge Highland Meadows Intermountain, Matterhorn, Vail Village West,East Vail,West
Vail,Big Horn, Booth Creek. The Ritz in Vail-Lionshead,The Solaris, The Arrabelle,Vail Valley,Bachelor Gulch,Singletree,Bellyache, Red Sky Ranch,Gypsum.Vail Valley Real-Estate Market, 5,289 skiable acres on Vail Mountain. 6-mountain Epic Pass -$649.00 for the 2011-2012 ski season.
News for Vail, CO - January 6th, 2011 1:03am
Vail homes are priced starting under $350,000 and range into the millions for Vail estates overlooking the lower valley. Investment property and vacation homes in Vail are available for purchase starting at $550,000. Opportunities to purchase rural property or ranch homes in Vail are also abundant. VAIL,Minturn, Eagle-Vail, Avon,Beaver-Creek,Wildridge,Mountain Star,Edwards,Riverwalk, Homestead, Cordillera, Cordillera Valley Club,Divide,The Ranch,The Summit,Eagle, EagleRanch,The Highlands, Ski-in, Ski-out,Lake Creek Squaw Creek,Homestead,South40,Berry Creek, Arrowhead,Buffer Creek, Vail Das Shone, Vail Heights, Vail Ridge Highland Meadows Intermountain, Matterhorn, Vail Village West,East Vail,West Vail,Big Horn, Booth Creek. The Ritz in Vail-Lionshead,The Solaris, The Arrabelle,Vail Valley,Bachelor Gulch,Singletree,Bellyache, Red Sky Ranch,Gypsum.Vail Valley Real-Estate Market, 5,289 skiable acres on Vail Mountain. 6-mountain Epic Pass -$599.00 for the 2009-2010 ski season.
News for Vail, CO - January 6th, 2011 1:01am
Research and experience shows that the best way to learn and develop skills is to have ample time to practice under the watchful eye of an experienced pro. Lessons give you the opportunity to take what you learn and apply it in a variety of terrain and conditions. Our pros are part coach, part mentor, part guide and all passion.
Call 970-306-2198 for full detail and almost free lessons….act quick to this blog before they sell out.!!!
Vail, Eagle Vail, Beaver Creek, Avon, Edwards, Eagle
Contact Information
The Rose Essy Group
970-306-2198
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Blog Archives
Mortgage Rates
– May 28th, 2012 –
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30 yr. fixed rate: 3.82%---------------------------------
15 yr. fixed rate: 3.11%
30 yr. jumbo rate: 4.38%
15 yr. jumbo rate: 3.61%
Home Values
StreetZip Code
Agent quarterly survey shows growing optimism toward a housing market recovery
End of tunnel, meet light. Real estate agents have been imagining that vision for a while, and first-quarter optimism in 2012 has some saying the road to recovery could be just around the corner.
Much of the upbeat attitude from HouseHunt's market condition survey stems from tighter inventory and houses not remaining as long on the market. Of agents reporting, 38 percent said inventory was tight in their cities, compared to 32 percent in the fourth quarter of 2011 and 13 percent at the beginning of last year. Regarding time on the market, 30 percent reported houses selling in 60 days or less, compared to 22 percent in the previous quarter and 10 percent at the beginning of 2011.
Click here for full article...
End of tunnel, meet light. Real estate agents have been imagining that vision for a while, and first-quarter optimism in 2012 has some saying the road to recovery could be just around the corner.
Much of the upbeat attitude from HouseHunt's market condition survey stems from tighter inventory and houses not remaining as long on the market. Of agents reporting, 38 percent said inventory was tight in their cities, compared to 32 percent in the fourth quarter of 2011 and 13 percent at the beginning of last year. Regarding time on the market, 30 percent reported houses selling in 60 days or less, compared to 22 percent in the previous quarter and 10 percent at the beginning of 2011.
Click here for full article...
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Request More Information Let me answer your questions! Ask Me!
The Rose Essy Group
Keller Williams Mountain Properties / Owner /Broker Associate
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 970-306-2198
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