Submitted by Michael on Thu, 01/10/2013 - 5:11pm
The Vail Valley continues a steady recovery. With snow aplenty and buyers and sellers active in the marketplace, December capped off a solid year for real estate in the Vail Valley. Overall, residential sales in 2012 increased by 31% from 2011. Limited inventory, low interest rates and some prime properties accounted for a 27% increase in dollar volume. Activity was felt throughout the valley, from Vail Village and Lionshead to Beaver Creek Resort, mid-valley and the communities of Eagle and Gypsum. Yes, prices have seen adjustments in almost every market segment, but there are pockets of the valley where the limited inventory is helping increase values - something we have not seen in four years. While we still have a long way to go, it may be fair to say that the Vail Valley has seen "the bottom" of the market and we anticipate a slow and healthy recovery moving forward. With limited inventory, now may be the perfect time to sell - buyers are active in the market and rates remain at historic lows.
Vail Real Estate Sales In 2012 Showed A Steady Recovery
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