Vail Colorado is faring well as far as foreclosures go, there are not many foreclosures that are actually happening in the Vail Valley and of the few that head in that direction the majority are settled before they reach foreclosure. A recent article in the Vail Daily demonstrates that Vail is faring better than most areas of the country, “foreclosures where the homeowner actually loses his property are rare in Eagle County. How rare? Less than .01 percent. Compare that with the national average of 1.84 percent; Colorado’s average of 2.41percent; and No. 1-ranked Nevada with 7.29 percent.” This is good news for the Vail Valley, real estate values are less affected in areas with few foreclosures because foreclosed properties typically sell for far less than market value and bring down values of homes around them.
There are plenty of bargains in the Vail Valley however. If you are interested in seeing what the Vail real estate market is doing contact Gil Fancher today, (970) 390-7469. Gil Fancher has access to all listings currently for sale in the Vail Valley and can help educate you on the best value in today’s economy.
Interested in Buying Vail Valley Real Estate?
Go to www.vailmountainproperties.com for access to the Vail MLS and all Vail Valley Real Estate listings.
Don’t hesitate to call Gil Fancher today at (970) 390-7469, for excellent service and information on Vail Real Estate!
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[...] Real estate in Vail is improving as real estate across the country increases its activity. Clear Capital Report sees home prices rise across the country when analyzing quarterly results. The report sees home value gains in all regions of the country, averaging out to 5%, with the Midwest gaining the most at 11.2%. The real estate improvements seen in Vail and across the Country are linked with summer being a buying season, increased investment opportunity and the previous large drop in home values. [...]