Thursday, November 13, 2008
HOME PRICES IN EAGLE AND EAGLE RANCH CONTINUE TO DROP
Opportunities continue to appear in the Eagle and Eagle Ranch area as the mortgage "crunch" slowly begins to affect even those who appear to be the most insulated from the circumstance of a very unstable economy. What this means for buyers who have planned properly for this opportunity and have the available funds, is that there are more and more very appealing price points on a variety of amazing properties in our market. In some cases, square footage prices have dropped dramatically and these are the homes which are selling while most others sellers continue to sit on their over priced properties and pay heavy mortgage payments instead of pricing the property correct in our changing market and selling their home. Recently, another custom home in Eagle Ranch which was originally priced close to 1.3 million dollars sold for $907,000. This represents a 30% price reduction! For more opportunities like this one call Larry Grossman today at 970-376-1244