PRICES SLOWLY ADJUSTING IN THE VAIL VALLEY

All though prices in our valley have been resistant for the past six months to drop, we are beginning to experience some modest price corrections for those who are in a position of having to sell their homes. The national average of nearly an 8% drop in home prices during the first quarter is beginning to creep it's way into certain niches of our market. Some 2bth/2bd condos and 3bd/2bth townhomes that were priced in the mid $300's to mid $400's are seeing price reductions of 7-10% which is very good news for buyers, hence, I personally have seen more buyers stepping into the market as the search for more reasonably affordable homes. Financing continues to be a challenge for some buyers I am working with, but with the modest price reductions they are seeing some real options becoming available and are out shopping again...which is great news for sellers who have priced their homes according to market needs. As prices continue to slowly adjust, I believe the market will become "alive" again, it's only a matter of time!

A GREAT NEW LISTING IN OLD EAGLE

520 McINTIRE STREET, EAGLE, CO.

This charming home built in 1952 is just a couple of blocks from all the great renovations going on in downtown Eagle. Three bedrooms and two bathrooms as well as a wonderful open living area. The interior of this home has been completely remodeled and has an amazingly warm atmosphere with very tasteful finishes. The large fenced yard is a bonus in this part of town and you are literally a three minute walk from the summer concert series at the town park. Want great cup of coffee? Just walk to Yeti's Grind on Broadway for that cup of Jo.
List Price $445,000.