Excerpt from: SnowHome Properties
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| January 11, 2005 | | 2004 was a record setting year for property sales in Grand, Eagle and Summit Counties | | More and more investors switched in 2004. They pulled money from their stock market investments and put it into second homes in the Colorado Rockies. Real estate continues to outperform stocks and more people are realizing it. Second homes in ski resorts like Summit County's Breckenridge, Keystone, and Copper Mountain, along with the surrounding communties of Frisco, Dillon and Silverthorne are hot commodities. Not only can you leverage a purchase with very little money, but future appreciation is measured against the total value rather than the investment. This combination of benefits has resulted in sales of condos, townhomes and single family homes far above 2003. Statistics will be posted in more detail in the next few days. | |
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