There is good news in the Vail Valley for real estate, FINALLY.  There are more people looking at real estae now then there were in December.  Unfortunetly, there aren't that many deals being made and probably won't for a while.

Despite mortgage rates reaching an all time low, consumer confidence combined with the difficulty of getting good credit has finally shown the markets real numbers.  In the month of January there were only 46 transactions totalling $40.5 million dollars.  In December Eagle County had a total of $225 million in real estate sales. January was the worst month since March of 1996.  HOWEVER, do not get discouraged.  Buyers are out in the market place looking for deals.  While no one can predict when comsumers will start to open their wallets again, it is going to take Sellers to lower their prices to realistic numbers that coincide with todays economy.

"Realistic" is the key word for the month.  If we can work to educate our Sellers and get their homes sold for the right price in a timely manner then I think we will begin to see an upturn in the market place.  I am confident that Eagle County is still the place to buy and right now you can really find some great deals on one of a kind resort properties. 

If any of you agents have clients that would consider Eagle County as a second investment or a final resting place, give me a call and we can work together to achieve your client's goals.

-Erin Pasquale