Macro Trends Facing the Vail Valley

I wrote in a longer article last month about the predominant changes facing the Vail Valley and its real estate market and the Macro Trends facing the valley as a whole. To read the article in full, visit http://www.investinvail.com/newsletter/ In summation, real estate prices have dropped 10-20% thus far and are projected to continue to fall over the next 12-24 months. The western areas of the valley have impacted more severely and continue to experience the most significant price declines. Construction and real estate employers have begun to layoff employees and further staff reductions are likely. Lack of growth will be the biggest problem facing the valley, and Vail Resorts positioning, marketing and response to changing demographics will be crucial moving forward. Young, metropolitan women are earning more than their male counterparts and the minority populations are increasing. Historically, skiers are 60% male and mostly white. The good news is that our valley has become a year round destination and a year-round home to over 70% of the residents of Eagle County. Vail Valley's proximity to Denver and expanding economy will help to offset the effects of a national recession where once we were strictly a luxury commodity of sorts. Read the article for more valuable information and please write a post if you have comments.

Macro Trends Facing the Vail Valley