Saturday, March 7, 2009

SOME PRICES HAVE HIT BOTTOM IN EAGLE AND EAGLE RANCH?

There is suddenly a bit of a trend in the Eagle and Eagle Ranch area. Properties which have had their listing prices dramatically reduced, and I'm talking 25-35% of their original asking prices are beginning to move. Several have gone under contract in the past month. Buyers are sensing that the "bottom" may be near on these properties that are truly great values and rather than wait to see if things are going to move even lower, they are smart, and they are snatching up these great values instead of waiting too long and then asking "what if" down the road. It is inevitable that we will see more of these downward pricing trends on properties that are still over priced for this market. Now is the time to keep attentive and smart, pay attention to price reductions everyday and be ready to pounce on the next great opportunity on your dream home here when opportunity knocks. Now is the time to buy and sellers who think this market is going to come back quickly and that prices will one day come back to where they were two years ago have got some surprises in store. To stay on top of the latest trends and keep posted on potential short sales in Eagle Ranch, contact Larry Grossman today at 970-376-1244 or fishlg@netzero.net