Vail Valley Real Estate News for Friday, Oct. 31

The Rocky Mountain Home Team successfully closed 2080 Wildridge Road #2 this week. Congratulations to the new owners!

The Rocky Mountain Home Team successfully closed 2080 Wildridge Road #2 this week. Congratulations to the new owners!

There’s nothing scary about the Vail Valley Real Estate Market this Halloween – unless you’re trying to find a rental!  Zombie Foreclosures, Reptile Rooms and more Halloween fun from the Rocky Mountain Home Team.  This is an archived edition of our weekly news brief.  Visit our Vail Valley Real Estate News page for the latest from the Rocky Mountain Home Team.

October 31, 2014

There’s nothing scary about the Vail Valley Real Estate Market this Halloween … unless you’re hoping to rent. Especially if you own a dog. Yesterday, a front-page feature in the Vail Daily simply confirmed what we’ve all known for some time – it’s a tough time to be a renter in Eagle County.  Extreme demand for rental spaces has pushed prices up and property restrictions have pushed pets out.

On the other hand, historically low interest rates and a strong market combined make now a good time to become a homeowner – and a great time to be a landlord. Rocky Mountain Home Team leader Michael Routh will be hosting an Introduction to Real Estate Investment seminar on Tuesday, Nov. 11, at the Vail Board of Realtors in Edwards. Watch this page for details.

The final numbers for October will be available next week at the Rocky Mountain Home Team’s Market Report Center, but the numbers look healthy so far.  The Vail Multiple Listings Service has recorded 120 residential sales this October through Thursday the 30th at an average sale price of $1,026,690 and $443 per square foot.

National News

The war against the real estate market’s own infestation of the walking dead, “Zombie” foreclosures, continues. While you can’t beat these “zombies” with a simple blow to the head, they can be held back, according to Daren Blomquist at RealityTrac. “The most effective preventative vaccine for the blight caused by vacant, abandoned foreclosures has proven to be a short and efficient foreclosure process.”

A bit of Halloween fun from the National Association of Realtors: The Creepiest Home Tours Ever.  Not only will you read about eerie mannequins, underground reptile rooms and other scary staging malfunctions, you’ll also get a few tips on how to avoid a creepy showing for your own property.

What do to in the Vail Valley

Whether you’re looking for some frightening Friday fun night or simply looking to escape all the ghosts and goblins with something a little more cheerful, check out the Vail Daily’s list of Halloween events and alternatives.  And if you’d rather see someone else in costume, check out the Adventures of Robin Hood Monday night at the Vilar Performing Arts Center.

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