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Courtesy of Fuller Sotheby’s International Realty
The Vail Valley market continues to draw second homebuyers who want deals and steals, but some are missing out by sitting on the fence. Now is a great time to shop and buy, especially in the higher end price points from $2 million and up where there is room to negotiate due to ample inventory. In the mid to low price point homes under $500,000 are seeing a decrease in inventory and uptick in quick sales which bodes well for those looking to sell.
Overall the Vail Valley economy is steady, bustling with end of summer activities and anticipation for the winter ski season. For someone that has not spent a lot of time here, it is important to get a bird’s eye view of the housing options and lifestyle the Vail Valley affords. Here are a few things to consider.
Desirability | From world-class ski resorts to leading arts and entertainment year-round, a property in Vail Valley offers second homebuyers the highly desirable mountain lifestyle with all the amenities of a five-star resort. With the services of a large city, yet the convenience and enjoyment of a small town, the Vail Valley attracts buyers of all kinds from young families raising kids, to those pursuing a true vacation home. Well-priced properties that are newer and have been remodeled are selling much faster than the homes in the valley that were built between 1960 and 2000.
Location | The heart of Vail and Beaver Creek are the most sought after areas to live. The closer you get to the base of a ski hill the better, but keep in mind you will always pay a premium. Second homebuyers will need to decide what is most important - big views, ski-in ski-out access, an equestrian property, or home on the golf course.
Price Point | Buyers often base their search on price point and size of property, however in the Vail Valley, square footage and price point can vary drastically within a mere half a mile radius. Homes ten to fifteen minutes from the ski resorts are a viable option that allow for privacy with mountain views, but without the premium.
About Fuller Sotheby’s International Realty
Fuller Sotheby’s International Realty (FSIR), a leader in the sale and purchase of residences throughout Colorado, is differentiating itself in the Vail Valley market by harnessing the power of the Sotheby’s global network and FSIR brokerages across the Front Range. We are able to connect buyers and sellers from around the globe in the most efficient and effective way possible. Our comprehensive marketing services and extraordinary knowledge of the Vail Valley market offer a proven advantage.
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