The Thursday Vail Daily is where we see which Vail homeowners are quite delinquent in paying their mortgages. I read the Thursday paper every week to get a sense of our real estate environment as it relates to the number of homes in foreclosure and their location and potential re marketed listing price.
Today there were a few more homes in the paper in areas where we don't usually see delinquencies. Arrowhead was included as was East Vail. Again, the majority of the pending foreclosures are homes in the Eagle and Gypsum areas with loans attached that originated between 2005 and 2007.
Sunridge always makes an appearance as there are so man units in the two complexes. I will write about Sunridge as a barometer to the market again shortly.
Expect prices to decline through the winter and even more so for luxury homes.
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