Real estate spiked within the past 30 days in the Vail Valley, with a slew of residential properties going under contract, the Vail Board of Realtors said.   77 residential properties went under contract between Aug. 10 and Sept. 10. That compares with 22 contracts between Jan. 1 and July 10, statistics released by the Board of Realtors show.“Consumer confidence is up because our economy is not getting worse,” said Scott Bandoni, a real estate broker with Prudential Colorado Properties in Beaver Creek.Although Vail Valley real estate hit a slump in October 2008, things could be looking up, some say.“I think people are recognizing that we already hit the bottom back in June or late May,” said Chad Brasington, chairman of the Vail Board of Realtors.With slow sales have come low home prices, and they’re attractive to buyers.“There are some great deals out there,” said Amy Dorsey, branch broker of the Park Hyatt Slifer Smith and Frampton office in Beaver Creek and president of the Colorado Association of Realtors.
By Sarah Mausolf, Sept. 12, 2009 Vail Daily

 

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