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Real Estate Agent with RE/MAX Properties of the Summit
Resort Real Estate! The average sales price is up 35% in the first quarter of 2007 from 2006! With all the Real Estate hype of concern of a "bubble", we have not seen it. In the metropolitan areas, the real estate market has been seeing some changes, but Resort Real Estate is a different market. It is a second home market, where Buyers are buying for more personal reasons. Although, they are seeing a great appreciation in market value. One thing to consider is that although prices appear on the high side, try comparing it to the rest of the resort areas across the Rockies. We are still very afforable in many aspects. The other great amenity is having affordable towns surrounding the Resort towns. The market is steadily increasing through the entire market, yet there are wonderful opportunities to still be had.

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Geno D'Angelo
Coldwell Banker Fairbairn - Mackinaw City, MI
Thats great to hear that you guys are experiencing a "hot" market. Im a Realtor in the Northern Michigan area which is almost 75% resort properties. We are seing things stay steady as opposed to dropping which in our opinion is a positive. Good luck to you for the rest of the year.
May 11, 2007 10:54 AM