Monday, August 24, 2009

HIGH DOLLAR PROPERTIES ARE MOVING IN VAIL

This is becoming a very typical sale as of late in Vail. This dupex is actually located in East Vail and was originally listed for 2.2 million dollars just over a year and a half ago. The price had been reduced nearly half a million dollars to $1,695,000 and it is now under contract. That's a near 25% decrease in original asking price. These are the types of properties we are seeing move up in the Vail area as smart buyers begin to "feel" that there are some very good deals out there and that prices will not drop much more if at all on these homes. Hence, the wise buyer is jumping in now so they do not miss the bottom and get caught still looking once the upswing in prices once again begins. When will this happen? No one can be certain, but there are some great bargains out there on beautiful homes up valley right now, and this is a great time to jump on the opportunity if you have been sitting on cash...