Real estate sales are picking up in Vail Colorado
Across the Country positive signs for real estate have surfaced yet again, indicating a troubled market that appears to be stabilizing. The Vail real estate market is no exception. Sales in Vail Colorado are on the upswing with over 37 properties being placed under contract in the past 2 weeks. July housing statistics exceeded economists’ forecasts with sales up over 9%. While the number of sales are down considerably from the peak of 2005, they are up quite a bit from January.
The upswing of Real estate sales is largely attributed to the first time homebuyer tax credit which covers 10% of the value of the home up to $8,000. The current tax credit is only good until December 1st and there is a big push to extend the credit. Home builders in particular want to see the credit extended because any projects that are started today cannot be guaranteed finished by the tax credit cut-off date.
In Vail the increase in real estate sales can largely be attributed to the drop in home prices and the improvement of the overall market. With home values leveling off across the Country they are bound to level off here in Vail before too long as well. Take advantage of low interest rates and consider looking at real estate in Vail today.
Visit 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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[...] news is more and more positive across the Country and in Vail Colorado, home prices have risen for three straight months and the number of sales have increased for four [...]