Homes in this area stay on the market for at least a year before they sell. We have seen that some homes have been on the market in both Buena Vista and Salida for over three years. We rented and I am relieved we did. We are re-thinking buying here because it would be very difficult to sell in case we needed to. If, however, you plan to live and work in this area, and are sure you want to do so, you could probably get a great deal by making someone an offer. It appears that folks are willing to consider offers in this bad economy.

I MAY HAVE SOMETHING THAT YOU WOULD LIKE. 2BR, 2 BATH, HARDWOOD FLRS, GRANIT COUNTERS, STAINLESS APPLIANCES, STOVE TOP, DISH WASHER. VERY NICE CONDO ON HYW 24 JUST OFF MAIN ST. VERY NICE AND PRICED BELOW EVEN THIS MARKET.

OUR REALTOR THINKS THIS PROPERTY WILL BE WORTH 225K IN FIVE YRS. OUR SELL IT NOW PRICE IS 149,500. THE NEXT CLOSEST PRICED PROPERTY IS 165K AND NOT NEAR AS NICE. 719 395 8108,


rogersbenjamin1@gmail.com

The Front Range is not necessarily a good gage for our area. Although prices have dropped in Chaffee County, it hasn't been as drastic as many other areas in the state to this point. It is difficult to predict which way the market will go in the coming months, but in the last two months we have seen an increase in activity in Chaffee County which may indicate a turn around is on the horizon or it may be a temporary trend. I think many people are taking advantage of the lower interest rates and current buyer's market conditions. One certainty is that this is more of a buyer's market than Chaffee County has seen in many years. Prices have adjusted downward and sellers are more aware that in a slow market reasonable offers should be seriously considered. Keep in mind that interest rates are very favorable right now. If interest rates go up a point or even more in the coming months that will negate the savings of a decrease in home prices. The bottom line is with lower interest rates and prices than we've seen in years this is a better time to buy than a year ago so it may be advantageous to take advantage of the savings that exist today. Prices may go down more, but if prices or interest rates go up the opportunity is lost. I would be happy to discuss further or assist you in keeping any eye on the market in Chaffee County.

My goodness that is a loaded question and the answer is what we know for sure is what is happening right now in our communities. What will happen 6 months from now is not known and really can't be accuratly predicted. I will say that the more an area was effected by the icredible up tick of home values is an area that might be more effected by the down tick as well. That is really just an opinion generated by reading articles in the paper and on the internet. I know that this is not the answer you probably wanted, but it is really the most honest one I could come up with.