IT'S HERE, AND IT'S REAL. HOME VALUES CONTINUE TO TANK...

What a time to be a buyer in the Vail Valley...

Reality is hitting at a brisk and stunning pace here "down valley" these days. If you are a buyer looking to finally purchase a property in the Vail Valley the time has come as the phrases "short sale" and "foreclosure" are finally hitting home here. Large custom homes are beginning to sell for 30-40% below what they were valued at just a couple of years ago as prices and value continue to drop over the edge of the falls. More and more sellers are becoming leveraged and they must sell, whatever the cost. If you are fortuante enough to be sitting on cash right now, you can find your dream home by doing a little research and finding some incredible values here in the Vail Valley. Call me today for more information on exactly what is out there. 970-376-1244

UNDER $300,000 IN EAGLE RANCH...

For the first time in over two years prices have dropped under $300,000 in Eagle Ranch. 530 Founders Avenue, Unit C101 was recently reduced to under this price and is not a deed restricted unit. At this price this unit would make an outstanding investment property or is perfect for the first time buyer. Other units is this complex are priced from $310,000 to $339,000. This makes Unit C101 and incredible value as it has many upgrades including custom window coverings, ceiling fan/light combos, wired for surround sound and antiqued kitchen cabinets. Eagle and Eagle Ranch continue to see prices dropping and short sales in Eagle and Eagle Ranch are becoming more of a common occurance. Buyers get ready! There are now and will continue to be some wonderful values for you today and in the future. For more information on these properties, call Larry Grossman at 970-376-1244 or send him an e-mail at fishlg@netzero.net

THE BRUSH CREEK BUILDING IN EAGLE COLORADO, REBIRTH OF A CLASSIC!

The "new" Brush Creek Building in Eagle, Colorado, right on Broadway in downtown has been not only carefully been "unconstructed", but now stands tall as the signature building in the Old Eagle Downtown core. With the rustic Brush Creek Saloon on the first floor, exceptionally remodeled from scrtatch to keep it's old traditional feel, and ample office space on the second floor, the building also boasts four incredible loft type penthouses on the third floor which are one or two bedrooms and priced from $340,000 to $427,125. Each unit has unique finishes and offer a great location just walking distance from everything in the downtown corridor. Also available will be nine very large storage units on the basement floor of the building. This exciting new project is now available for purchase. Call Larry Grossman today at 970-376-1244 for information.

The Original Brush Creek....no more.

THE CLASSIC EAGLE RANCH SHORT SALE, 165 LIME PARK DRIVE

165 LIME PARK DRIVE, EAGLE RANCH, COLORADO

Wow, are buyers looking for homes in Eagle Ranch, Colorado going to be seeing some wonderful values in the near future, or how about right now. The "short sale" is no longer a catch phrase in this amazing neighborhood as reality begins to creep into the Vail Valley. With "Breathtaking views, spectacular layout, a refreshingly unique home in Eagle Ranch. Completed in July, this wonderful home combines stunning finishes, mountain elegance, and a touch of imagination that will make it stand out in a buyer's mind. Golf course, unimpeded Castle Peak views, quiet cul-de-sac, and all the amenities of Eagle Ranch. Perfect for the growing family or second home owner!!!

This home was originally listed at $1,225,000 but has been reduced OVER 30% to $799,000 which makes this property a steal at $217/sqft. Keep your eyes fixed right here on the Vail Real Estate blog for more values like this one which will be sure to surface over the next months. What a great time to be a buyer here in the Vail Valley!
Of course on the other side of this short sale coin is the seller. As properties are being leveraged into this short sale position, property owners are beginning to see the substantial price corrections we knew would be coming here in the Gypsum to Vail area. Reality is beginning to hit hard. Homes that are being listed in a short sale situation, and that are not moving quickly, are a reflection of what the actual market value is for the other homes in those areas, which unfortunately for sellers is not very accomodating news. For more information on homes such as 165 Lime Park Drive here in the Vail Valley, contact Larry Grossman today at 970-376-1244 or fishlg@netzero.net