Vail Real Estate: Positive Signs, Sales on the Rise

By lheraty | Published: October 16, 2009

According to reports June was the 5th month in a row where pending real estate sales were on the rise, great news for the national real estate market and great news here in Vail Colorado.  While there are still many areas where sales are faltering the majority of the country is seeing home values stabilizing or dropping at greatly decreased levels while at the same time the volume of sales is picking up.  The Vail real estate market is seeing signs of life, with sales volume increasing.

A recent Associated Press article pointed out that “the last time there were five consecutive monthly gains was July 2003.”  What is bringing about this positive change?

  • Lower home values
  • The first time home buyer tax credit
  • Reduced mortgage rates

All of these benefits are seen as drawing people back into the Vail real estate market.  People can find bargains as far as real estate goes and that is an attraction in any market.

For more information visit YahooRealEstate.com.

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!

This entry was posted in real estate, real estate news and tagged , , , , , . Bookmark the permalink. Both comments and trackbacks are currently closed.

3 Trackbacks

  1. By Vail Real Estate: Does It Really Matter if We’ve Hit Bottom? on October 29, 2009 at 11:19 am

    [...] The biggest question hovering around these days is, have we hit bottom?  Whether this question be a general question regarding the recession or the real estate market, we have to ask does it matter?  Whether we hit bottom a couple of months ago or are going to hit it a couple of months from now, we can all agree that we have had better times and better times are in our future.  Whether we have hit bottom or not there is no mistake that it is a buyer’s market when it comes to Vail real estate. [...]

  2. By Vail Real Estate: Home Affordable Refinance Program Can Help Those Whose Home Values Have Dropped on October 26, 2009 at 10:01 am

    [...] their home values restructure their mortgage payments and ease their financial stress. If you are a Vail homeowner and your home is now worth less than what you bought it for you may want to learn more [...]

  3. By Low Mortgage Rates Instrumental in Turning Real Estate Around on October 16, 2009 at 9:09 am

    [...] mortgage rates low is helping to stimulate Vail real estate as well as real estate across the Country.  For the past few months the public and private sectors [...]