Home Buying in Lyons>Question Details

Terra, Both Buyer and Seller in Evergreen, CO

Would purchasing a home in the Stone Canyon development of Lyons, CO be a good investment? Home prices seem

Asked by Terra, Evergreen, CO Mon Jul 21, 2008

to vary a lot. How do you determine a fair price?

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this is a declining market. Homes in SC are 40% overpriced. Most were sold with jumbo loans, which cannot be refinanced. Several foreclosures have been flipped, for hundreds of thousands less than original prices. They are large homes, so you'll pay some eye popping property taxes, and Lyons is expected to be broke in 2011 because they wont have revenue from new construction. If you love a small HOA of 72 homes within a small town of less than 2000 people, you might consider this place. You need to be politically savvy, and kow tow to the town administrator, who lives in and runs the neighborhood. If you understand small towns, you can do well here. If you don't you'll find yourself in hell.
0 votes Thank Flag Link Tue Jul 14, 2009
I purchased a house here in November. Lyons is a wonderful small town. The schools here are wonderful. I believe the house prices here will increase in value. It seems remote but close to everything. Unfortunately we are going to have to move back to help our parents in New Jersey and will have to put ours up for sale soon. I am not very happy about this. I love backing up to the mountains and this house is enourmous and we have put in every upgrade possible. If you would like to see it let me know. We have not listed it yet but will shortly. Let me know how to contact you if you are interested.
0 votes Thank Flag Link Sat Aug 2, 2008
Realtor has a library of information for us produce a CMA in order to determine how to list / purchase a home for our clients. Real estate professionals per code of ethics can’t make comments on where to purchase. If you work positively with a real estate agent I am assured solutions to all of your questions could be resolved. http://www.lynn911.com http://www.homes-for-sale-dallas.com
Web Reference: http://www.lynn911.com
0 votes Thank Flag Link Mon Jul 21, 2008
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