BASALT- — The good news in the midvalley real estate market is the incredible amount of sales that already have occurred in 2012. The bad news is that the furious pace has been spurred by foreclosures and short sales, according to real estate agents.
“The midvalley is just on fire right now. It’s almost a feeding frenzy,” said Ted Borchelt, a real estate agent in Basalt with Aspen Snowmass Sotheby’s International Realty.
The residential market for property priced under $350,000 is incredibly active. There were 25 sales completed in 2012 through mid-March in that price range in the Basalt and Carbondale area, according to research by Borchelt and Garret Brandt, another real estate agent in Borchelt’s office. That compares with 11 closings during the same period in 2011 and just three in 2010.
Read more at:
