Adding fuel to the investment fire is the fact that the percentage of foreclosures is just over half of what it was last year, a significant decrease. That decrease, along with everything else, seems to imply that the market has reached its nadir, and is now rebounding.
The median sales price for a mountain property is about $159,000 right now. And the best deals to be found are in the $200,000 to $300,000 range, along with some “rare finds” that run near the million dollar mark. But according to the agents at CB High Country, those numbers could rise at any moment. The market is changing for the better, which means people’s expectations are keeping pace.
The most popular properties are those with expansive mountain views or that sit near water. Most investors believe the housing crunch is a thing of the past. Now is the time to move, before things really accelerate.