resortrealestate

A friend of mine was in Deer Valley last week staying in a ski-in/ski-out four bedroom home that was on the market 2 years ago for $2.5 million.  Today the same ski-in/ski-out house is on the market for $850,000, granted it’s a short sale but still, what a bargain!  What a drop in price!  People in other areas are complaining about 20% drops in price, this is nearly a 66% drop in price.  What does this mean?  To me it means if I had the money I think I’d be heading to Deer Valley.  Seriously though, this economy is tough and tough on everyone but for those who still have money and have always wanted a second home there couldn’t be a better time to look than now.  Real Estate is a good place to put your money and if you own your home, why not buy a second home in a place where you want to spend time?  Most people dream of having a second home at some point in their lives why not make the move while the market is at the lowest.

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