Inventory has come down as predicted in the Vail Valley as many rental properties are now off the market for the ski season. Holiday buyers tend to be the most motivated of any buyers, so expect some movement over the holidays this year as well-heeled investors (the 1%) have gotten over the shock of the last year.
The price/value equation is the determining factor in whether properties are selling or not. If the ever savvy buyer does not feel that they are getting a bargain, they just will not buy. I expect some more turbulence for the local real estate markets coming into the 1st quarter of 2012. While hotel bookings are very strong and better than last year, the ugly economic paradigm of supply and demand still reigns.
In Vail Village and Lionshead, there are currently 219 properties for sale with just 29 sales in the last 6 months. You can do the math, but I did it for you and the quotient reads that we have a 45+ month inventory of properties in these two areas. So, sell now or sell for less later.
If you are serious about selling your Vail Valley property and are looking for a serious real estate agent to help, email me today with your contact info and I will call you to discuss your options in today's market. -Sondra Slappey sondra@investinvail.com
To search all available properties in the Vail Valley, Beaver Creek and Eagle County, Colorado, please visit my website at: www.InvestInVail.net
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