The US housing market has steadily (and oftentimes sharply) declined over the last three years, yet there are bright and hopeful signs that it has it bottom. Eight cities, including Denver, reflected home price increases in May, four more than April, and seven more than March. This is an incredible sign, considering a huge majority of US cities saw sharp decline in prices and sales. A report by?Case-Shiller Price Index, compiled by Standard & Poor?s, reflected that existing home prices have risen for three consecutive months and June brought the highest price increase in new homes over the last eight years. Although Vail is a completely separate market from the national market, these trends reflect only good signs for the entire US housing market.
Vail Real Estate Prices are similar to homes sold in 2005.? If you are looking for a home in Vail, Beaver Creek, Bachelor Gulch, Arrowhead, Edwards, Eagle or Gypsum, there are deals to be made.? The real estate home prices were at their peak in 2007 and now have adjusted back to the 2005 level.? Currently there are 292 three and four bedroom homes listed for sale in the the Vail MLS.? The inventory for 3 and 4 bedroom condominium and townhomes is 420.?
The resort mountain communities like to think we are not affected by national trends and world-wide economic downturns, however, this one has made it to our lovely Vail Valley.? Now is the time to look for those "On Sale" properties in Vail and the surrounding communities.? As shoppers look for bargains at retail stores, those looking for that condominium, townhome or single family home in Vail should take a look at the expanding inventory of homes.? An example of a few homes are as follows: