WANT TO BUY REAL ESTATE IN THE VAIL VALLEY?

If you have ever dreamed of buying a piece of real estate in the Vail Valley, which stretches from East Vail all the way down to the small town of Dotsero to the west, and you have the funds, I am going to suggest to you to sit tight for a bit longer as the housing crunch continues to creep into our market, there are certainly going to be some very good values as sellers continue to feel the economic pinch and begin to drop prices of the properties which they need to sell. The trends are definitely falling into place here just like the rest of the country, and all though we are not going to see the same type of percentage reductions here, they will continue to happen and some will be significant creating some great values for you the qualified buyer...call Larry Grossman today or e-mail him at fishlg@netzero.net to keep up to date on the most current price reductions in the Vail Valley.

EAGLE TOWN MEETING, EAGLE RIVER STATION..

Eagle River Station at a glance;

• Mixed use development proposed on an 88-acre tract at eastern end of Eagle, south of Interstate 70• Development team is Trinity/RED Development, based in Kansas City, Mo.• 552,000 square feet of commercial space• 132,000 square foot anchor store• ‘Lifestyle Center’ shopping area featuring Main Street design• 150-room hotel• 581 residential units• $346 million estimated development cost• $62.4 million estimated public improvements cost• New I-70 interchange and improvements to U.S. Highway 6• Public improvements financed with revenue sharing plan.
Can this work in small town Eagle? My concerns are in this economy, who is going to support 550,000 sqft. of commercial space? What retailers are going to be able to make it if the customer traffic does not show up? How are you going to pay employees of this monsterous retail "mall" enough to live in one of the most expensive counties to live in period. Where are they going to be able to afford to live? It's a nightmare when you try to even come close to trying to figure out these basic questions. Yes, the town needs the tax revenue and the infrastructure improvements that will come with the development, but the rest of the actual implementation of the project does not seem to have a chance to work, even in a healthy economy. Ultimately it will be up to the people of Eagle to make the decision. Let's hope they make a logical decision. Nobody making $10 an hour in any of these retail establishments will be able to afford renting much less buying a place in the Eagle area.

REAL ESTATE CORRECTION HAS SOME AGENTS REELING, WHILE OTHERS CONTINUE TO KEEP IT ROLLING

Just Listed today, Founders Place unit C101, Eagle, Colorado The initial response to the current real estate market slowing in the Vail Valley is showing the number of agents dropping at a fairly significant rate. Agents who struggled to find business over the past couple of years are currently hard pressed to find enough business to justify staying active as a real estate agent. This too is part of the economic correction the country is experiencing. I myself have a number of clients who are taking the "wait and see" attitude as they are in a position to wait out the market for the time being. Buyers are still looking for deals, and sellers are still hoping the market comes back so they can regain some of the equity they have lost during the past year or so.

I have decided to "tough it out" and continue to push forward looking for new business where it can be found. Just listed today is this charming 2bd/2bth condominium in Eagle Ranch, Eagle, Colorado. This unit sits next to the heart of "downtown" Eagle Ranch and is a two block walk to the Movie theatre, The Dusty Boot bar and restaurant, Starbucks as well as other establishments. The unit has wonderful views of near by open space as well as Castle Peak. Other amenities within walking distance are fly fishing in Brush Creek, bike paths and an Arnold Palmer designed golf course. This unit was built in 2001 and is in great shape with built in surround sound, custom window coverings and is partially furnished. 25 minutes drive to Vail and 15 to Beaver Creek for world Class skiing. The unit is also ADA constructed. List price is $329,000. Call me today at 970-376-1244 for more information.