INVENTORY CONTINUES TO RISE, PRICES CONTINUE TO ADJUST.

Recent trends in the "down valley" market continued this past month as more inventory comes on the market here in Eagle. There are now 200 properties listed in both Eagle and Eagle Ranch and another 100 in Gypsum. These numbers includes all single family, condominiums and townhomes. Sales remain sluggish however there has been a small trend on the entry level as I have noticed single family homes with no HOA selling better than the condo and townhome enclaves which have substantial HOA payments. Entry level buyers are opting to put potential HOA payments into their monthly mortgage payment and are purchasing single family homes in the Gypsum area which are priced in the $300,000's. There are still deals out there for buyers, and I encourage you to call me if you are looking for property at this time. An experienced agent will be able to get you the best price on a property in this tough market as negotiating a fair price now becomes very important for buyers. Desperate sellers want offers right now and it is wise to get the process going with an offer on a property you find attractive. There are also still creative financing opitons out there as well. Watch for prices to continue to fall in the next 12-18 months as the market becomes even better for buyers in the Vail Valley.