Eagle County (Vail and Beaver Creek) Real Estate

Thursday, July 06, 2006

www.searchinvail.com

As per www.realestatejournal.com

Neighbor of Aspen and Vail is on the rise

Home prices are going up -- way up -- in Basalt, Colo., says Vail Daily. In this town, which is located close to skiing meccas Aspen (16 miles away) and Vail (40 miles distant), the median price for a single-family home shot above the $1 million mark in May, the paper says. In mid May, the median selling price in Basalt was $695,000 the article reports. This spike in the local market comes after three years of very flat and slow home sales, the paper quotes a local real-estate agent as saying. In this seller's market, any residential property up for sale for less than $500,000 gets at least one offer in the same day the home is listed, the article says

www.searchinvail.com

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