CO: Vail Real Estate Market Picked Up in 2010

Vail, CO Real EstateWith final numbers for the year in hand, 2010 looks like a good news/bad news year for local real estate.

First, the good news:

* Transactions were up by one-third over 2009.

* Total sales volume increased by two-thirds over 2009.

* Whether or not prices have hit bottom, buyers are coming back, if not in droves.

* Young people are finding it easier to afford a first home.

Now the bad news:

* Foreclosures hit a new record in 2010.

* A lot of property has sold at deep discounts from boom-years highs.

* A lot of residents owe much more than their homes are worth.

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