Estes Real Estate Market Stabilizing, Lures Buyers to Invest in Estes Homes for Sale

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The market for Estes Park real estate is showing signs of settling down. Its lower home prices are drawing the interest of second or vacation homebuyers, as well as those interested in Estes vacation rentals.

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Estes Park is a popular family-oriented tourist destination and serves as the headquarters of and the gateway to the Rocky Mountain National Park, which is visited by more than three million people every year.

The market for Estes homes for sale is showing signs of stabilization as the year ends and its lower home prices are attracting attention from buyers looking for second and vacation homes in the area. Foreclosure sales and foreclosure filings are both showing a year-over-year decrease of approximately 14 percent in Larimer County, indicating that the housing market here could be settling down.

“The median sales price in Estes Park has dipped somewhat in the last quarter of 2010,” reports Seth Smith, Managing Broker at Ponderosa Realty & Management, Inc., the leading Estes real estate and property management firm. “It is a good time to look around for a vacation home or if you’re an investor, for properties that would make excellent vacation cabin rentals. If you’re planning on investing in a property and renting it out, it’s best to make your move before the summer season begins.”

Estes Park is a popular family-oriented tourist destination and serves as the headquarters of and the gateway to the Rocky Mountain National Park, which is visited by more than three million people every year. The town has been a mountain resort practically since its inception in the 19th century and is the area’s premier vacation destination today, offering easy access to the national park along with a village-like feel and an eclectic collection of shops and restaurants. Given its popularity, vacationers often make reservations on Estes vacation rentals months in advance.

“At Ponderosa Realty & Management, we have the largest selection of vacation home, condo and cabin rentals in Estes Park,” says Smith. “We know what will make an excellent vacation rental and what will make an excellent investment.”

For more information on the real estate market in Estes Park, contact Smith directly or visit the firm’s website, http://www.PonderosaInc.com.

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