For consecutive years, real estate in the Vail Valley has reached new heights.  Record sales were recorded in Eagle County , and in surrounding areas for both 2006 and 2007.  Today, the uncertainty stemming from our national economy, our mortgage and recent banking crises, and the wave of foreclosures have created a new environment for real estate opportunities here in the Vail Valley.  Cash is king …again, and with the growing number of homes available for purchase coupled with the perception of inactivity in the market relative to back-to-back record sales years, the Vail Valley is ripe for good deals on homes in the upcoming months.

     Some real estate markets can weather any storm.  These markets are on a virtual island, and seemingly impervious to national economic hardships.  Vail, typically, is a good example of one of these markets.  However, while Vail has not seen many foreclosures, it is not completely immune to our current national economic struggles.  As "adom" (actual days on market) for homes increases in conjunction will a growing number of homes available, the patience for Sellers and Developers to move property will be tested.One factor protecting the Vail Valley is its enormous international appeal to foreign vacationers and investors.  Activity from international buyers has picked up dramatically as visitors to our resort seek to take advantage of our weakened dollar.   Although this welcome influx of foreign capital assists greatly in maintaining the vitality of our market, it is not great enough to overcome the other factors’ negative impact.

     Put simply, if you have access to cash, and need a great place to invest it, the timing is good to buy in the Vail Valley.  Whether it is new construction, and the builder needs relief from his construction loan payments on homes that are attracting little interest, or just a motivated Seller because they are feeling the crunch elsewhere during these challenging times, opportunities are knocking here.  The reality is this market will rebound.  History says in no uncertain terms that money in real estate here is money well spent.  If you can own a piece of the Vail Valley for a great price while discovering the priceless memories of spending quality vacation time here, this is a great opportunity to secure a home in the premier Rocky Mountain ski resort. For any questions regarding the content of this article, please feel free to contact me at info@vailbeavercreekluxuryproperties.com ; or call at 970.477.1770. 

     I look forward to hearing from you,

            Adam Schiller

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