Resort real estate is looking ripe for many second home owners, in particular, Vail and Aspen are mentioned in a recent Wall Street journal article. After two years of steeply declining values, traffic has accelerated and savvy purchasers are scoring great real estate deals in Vail and Beaver Creek. Short sales and foreclosures continue to be a drag on the market but less so in the upscale markets of Vail and Beaver Creek. Local communities such as Singletree and Eagle Ranch are faring the worst as many residents have lost construction-related employment which will likely be slow to recover. Opportunity is knocking in Vail and Beaver Creek Colorado!
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