Vail Foreclosures and Short Sales

The Colorado 30 day delinquency rate on home mortgages is between 2-3%. Across the country, 12.87% of mortgage loans are 30+ days delinquent for a total of 16.3 million households BEHIND ON MORTGAGE PAYMENTS. Florida leads the nation with a 14.4% delinquency rate. Unfortunately, there is a large amount of "Shadow Inventory," which are homes that will hit the market for sale after they go through the foreclosure process and become bank-owned. As far as how this will affect our local Vail Real Estate market, we too will see shadow inventory but most noticeably in the lower price points. Our Vail and Beaver Creek real estate inventory is still very top-heavy which continues to push prices lower and will for some time to come.