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Summit County Real Estate Stats, January through August 2015

Total Sales for Summit County: It was a nice selling season this summer with solid residential sales numbers being posted. These are our best numbers since 2007. Residential sales in Summit County from January through August 2015 are up 16% over the same months in 2014. Average prices for 2015 are up 8% from the average price of residential sales in all of 2014. The average days on market for all sales is down to only 236 days. Only 4 months ago the average days on market was 313 days.

In 2015, 114 properties sold for over $1,000,000, compared to 2014 which saw 84 properties sold for over $1,000,000.

Based on the last list price of the properties sold January through August 2015…..
$200,000 to $400,000 is ALWAYS the hottest part of the market with 412 properties sold.
$400,000 to $600,000 had 275 sales.
$600,000 to $800,000 had 158 sales.
$800,000 to $1,000,000 had 68 sales.
$1,000,000 to $2,000,000 had 97 sales.
$2,000,000 to $3,000,000 had 20 sales.
And 5 properties sold for over $3,000,000 YTD, the highest sale was for $3,825,000.

Single Family Sales: The number of Single Family home sales for January through August 2015 is up 15% over the same months in 2014. The average sales price has risen 9% in 2015 year to date over the average price of Single Family homes in all of 2014. The average days on market for Single Family homes is down to 236 days.

Condo and Multi Family Sales: Condo/ Multi Family sales for January through August 2015 are up 16% over the same months in 2014. The average sales price is up 5% year to date in 2015 over the average Condo price in all of 2014. The average days on market for Condo/ Multi Family sales is down to 225 days.

By |November 6th, 2015|Uncategorized|0 Comments

Summit County Real Estate Stats, January through June 2015

Total Sales for Summit County: Our selling season is in full swing with some of the strongest numbers since 2007. Residential sales in Summit County from January through June 2015 are up 20% over the same months in 2014. Average prices for 2015 are up 5% from the average price of residential sales in all of 2014. The average days on market for all sales is down to 258 days. Only 2 months ago the average days on market was 313 days.

I don’t remember ever reporting such a low percentage of cash sales, but in April and May only about 28% of transactions were cash. 41% of our Buyers are from the Front Range, 31% are locals, and about 28% of our Buyers are from out of state.

Based on the last list price of the properties sold January through June 2015…..
$200,000 to $400,000 is ALWAYS the hottest part of the market with 274 properties sold.
$400,000 to $600,000 had 173 sales.
$600,000 to $800,000 had 103 sales.
$800,000 to $1,000,000 had 44 sales.
$1,000,000 to $2,000,000 had 64 sales.
$2,000,000 to $3,000,000 had 14 sales.
And 4 properties sold for over $3,000,000 YTD, the highest sale was for $3,700,000.

Single Family Sales: The number of Single Family home sales for January through June 2015 is up 22% over the same months in 2014. The average sales price has risen 9% in 2015 year to date over the average price of Single Family homes in all of 2014. The average days on market for Single Family homes is down to 276 days.

Condo and Multi Family Sales: Condo/ Multi Family sales for January through June 2015 are up 19% over the same months in 2014. The average sales price is up only 3% year to date in 2015 over the average Condo price in all of 2014. The average days on market for Condo/ Multi Family sales is down to 251 days.

Summit County Real Estate Stats, Jan and Feb 2015

Total Sales for Summit County: The number of Summit County residential sales is up 16% for January through February 2015 over the same months in 2014. Average prices for 2015 are up almost 11% from the aver­age price of residential sales in all of 2014. The average days on market for all sales is up to 368 days. This indi­cates to me that there are a lot of over priced properties that eventually get sold when they reduce their price. A well priced property should sell in less than 6 months. This is a very strong start to the new year!

About 44% of our Buyers are from the front range, 24% are local, 31% are out of state. 39% of transactions were cash in January which is a little low considering how low interest rates are. Inventory is down to only 723 listings countywide, and I am still very busy even though it is supposed to be off season.

Based on the last list price of the properties sold January through February 2015…..
$200,000 to $400,000 is ALWAYS the hottest part of the market with 62 properties sold.
$400,000 to $600,000 saw 33 solds.
$600,000 to $800,000 saw 23 solds.
$800,000 to $1,000,000 saw 16 solds.
$1,000,000 to $2,000,000 saw 16 solds.
$2,000,000 to $3,000,000 saw 4 solds.
And no properties sold for over $3,000,000 YTD.

Single Family Sales: The number of Single Family home sales for January through February 2015 is up 13% over the same months in 2014. The average sales price has risen 3% in 2015 year to date over the average price of Single Family homes in all of 2014. The average days on market for Single Family homes is 250 days.

Condo and Multi Family Sales: Condo/ Multi Family sales for January through February 2015 are up 16% over the same months in 2014. The average sales price is up 15% year to date in 2015 over the average Condo price in all of 2014. The average days on market for Condo/ Multi Family sales is up to 410 days but this includes the days a property is on the market when it has previously been listed.

To view my premium ad in Mountain Homes Il­lustrated (inside front cover), click here. To see my ad on the back cover of The Real Estate Book, click here. Give me a call today for a free market analysis of your property.

By |March 20th, 2015|Uncategorized|0 Comments

Summit County Real Estate Stats for 2014‏

Hello all!
Happy New Year! My Big News for 2015 is that I have a new office location! My company has moved to 160 E. Adams St, Ste B-1 right next to Ember restaurant. I am now just half a block off of Main St and on the main floor. I hope you get a chance to see my new home away from home. I expect the renovations to be done and to be settled in about January 19th. I look forward to seeing you!
Total Sales for Summit County: Summit County sales are up 9% for 2014 over 2013. October was our strongest sales month, followed closely by September. Average prices for 2014 are up about 4% from the average prices of 2013. Give me a call if you want to know what is going on in your neighborhood specifically. In 2014, 44% of Summit County sales were in the Breckenridge area, and 43% of buyers are from the front range, 25% are locals, and 31% are out of state buyers.
Based on the last list price of the properties sold January through December 2014…..

  • $200,000 to $400,000 is ALWAYS the hottest part of the market with 617 properties sold.
  • $400,000 to $600,000 saw 405 solds.
  • $600,000 to $800,000 saw 218 solds.
  • $800,000 to $1,000,000 saw 103 solds.
  • $1,000,000 to $2,000,000 saw 128 solds.
  • $2,000,000 to $3,000,000 saw 23 solds.
  • And there were 6 properties that sold for over $3m, with the highest sale being $3,640,593.

One of my favorite stats to review is the number of sales per year since 2004. Our market continues to improve (anything is better than 2009).

  • 2004 —2492 solds
  • 2005 —2470 solds
  • 2006 —2495 solds
  • 2007 —2146 solds
  • 2008 —1214 solds
  • 2009 — 917 solds (ouch)
  • 2010 —1005 solds
  • 2011 —1117 solds
  • 2012 —1319 solds
  • 2013 —1527 solds
  • 2014 —1682 solds still a little slower than the period from 2004 to 2007.

Single Family Sales: The number of Single Family home sales is down 4% in 2014 over 2013. The average sales price has gone up 9% in 2014 over 2013.
Condo and Multi Family Sales: Condo/ Multi Family sales are up 16% 2014 over 2013. The average sales price has increased about 7% in 2014 over 2013. Condo/multi family is the bulk of our market, so this is a great trend!

Summit County Real Estate Stats January through October 2014‏

Total Sales for Summit County: While the total number of residential inventory surpassed last year’s peak in August, it has since plummeted to about 1,200 properties for sale. Sales have been strong but now properties are being pulled from the market to be put in the rental pool. If you memorized my last newsletter (ha-ha!) you will see very similar numbers.

The number of Summit County residential sales is still up 7% for January through October 2014 over the same months in 2013. Average prices for 2014 are up 4% from the average price of residential sales in all of 2013. The average days on market for all sales is down to only 222 days. October is the best month for the number of transactions in 2014 so far, with 207 solds county wide. Over all, we are looking pretty stable without a lot of change.

Single Family Sales: The number of Single Family home sales for January through October 2014 is only down 3% over the same months in 2013. The average sales price has risen 7% in 2014 year to date over the average price of Single Family homes in all of 2013. The average days on market for Single Family homes is down to 235 days.

Condo and Multi Family Sales: Condo/ Multi Family sales for January through October 2014 are up 12% over the same months in 2013. The average sales price is up 6% year to date in 2014 over the average Condo price in all of 2013. The average days on market for Condo/ Multi Family sales is down to 218 days.

By |November 30th, 2014|Uncategorized|0 Comments

2013 January through December Market Update

Things are looking good in Summit County! Not only do we have excellent snow totals, but bookings are up 12% (which makes a second improved year in a row for rentals), retail is up roughly 15%, and real estate over all is on a positive trend. I hope you and your family have the opportunity to escape to the high country to enjoy everything we have to offer!

Total Sales for Summit County: Summit County sales are up 16% for 2013 over 2012, and September was our strongest month with a 59% increase over September 2012. November 2013 was down 10%, and December 2013 down 15% over the same months 2012. Average prices for 2013 are down about 4% from the average prices of 2012. While this might not sound exciting to sellers, I can give you plenty of examples of specific complexes that are up 15% to 20% above their bottom recession price. Give me a call if you want to know what is going on in your neighborhood specifically —it is likely to be good news. For 2013, 40% of Summit County sales are in the Breckenridge area, and 40% of buyers are from the front range.

Single Family Sales: The number of Single family home sales are the same in 2013 over 2012. The average sales price has dropped about 3% in 2013 year to date. I would like to add my opinion that we have cleaned up some pretty rough inventory in 2013.

Condo and Multi Family Sales: Condo/ multi family sales are up 24% 2013 over 2012. The average sales price has increased about 3% in 2013 over 2012. Condo/multi family is the bulk of our market, so this is a great trend!

Foreclosures: In 2013 we only had 47 foreclosures compared to 87 foreclosures in 2012, 145 foreclosures in 2011, 104 foreclosures in 2010, and 47 foreclosures in 2009. We have almost reached pre-recession levels.

In other Summit News: The New Peak 6 Trail Map is here! Breckenridge has had a ridiculous amount of early snow…the ski resort is reporting over 150 inches for this season so far. Ullrfest is January 5-11, the International Snow Sculpture Championships are January 21 through February 2, and our Mardis Gras celebrations are from March 1- 4. There are so many great events at all of the local mountain communities that I can’t list them all!

To see my premium ad in Mountain Homes Illustrated on the inside front cover click here. To see my ad on the back cover of The Real Estate Book, click here. Inventory is down but there are still plenty of buyers so it is a good time to list your property. Give me a call for a free market analysis.

By |February 16th, 2014|Uncategorized|Comments Off on 2013 January through December Market Update

Market Update for Summit County January through June 2013

The market is going up and down month by month, but prices are mostly stable and condo sales are still up. Prices have been flat for the last 2 years so it will be interesting to see when they will start inching up again, especially since we haven’t had a great deal of inventory for the last 2 years. **Some complexes are seeing over 20% increases in prices but it really depends. Give me a call if you would like to know what the average prices are doing in a specific complex or neighborhood.

Total Sales for Summit County: Total residential property sales for January through June 2013 are up 15% over the same period in 2012. The average price is down only about 3%.

Single Family Homes: Single family home sales in May 2013 were slightly up from May 2012. June 2013 is down about 28% in transactions from June 2012. This June is also down 38% from this May which is a little unusual. In the big picture of January through June 2013, we are down 7% for single family home sales from the same time period last year. The average price is up about 4% over last year.

Condos/ Multi-Family: Condo sales were about the same this year from May to June, but this June was up 38% over June 2012. January through June 2013 over 2012, we are up 29%! The average sales price is almost the same as last year.

Foreclosures: In January through June 2013 we only have 28 properties foreclosed on (not including timeshares). That is a 35% decrease over the same time period last year!

In other Summit News: Nearly 40% of all summit County transactions were closed for cash. 41% of Summit County purchasers are from the Front Range. May was the best real estate month in Summit in 2013 so far.

Check out my ads on the E-Book version of Mtn Homes Illustrated. I am still on the inside front cover. I am also on the back cover of every other issue of The Real Estate Book . Breckenridge Mountain Real Estate specializes in personalized service and attention to detail which results in success! I would love to speak to you about your real estate needs!

Don’t forget to stop by!

Erika Schmidt 970-409-9236

By |July 15th, 2013|Uncategorized|Comments Off on Market Update for Summit County January through June 2013

BlueSky Breckenridge Unit 606S, 2 Bed/ 2 Bath Luxury for only $825,000

GORGEOUS SKI-IN,SKI-OUT CONDO European Alpine Elegance, with all of the amenities you could want. Day spa, private ski lockers for extra convenience, kids room with games, fitness center, heated outdoor pool, 3 hot tubs, assigned heated parking & HUGE storage big enough for all of the toys (including snowmobiles!), owners service desk with seasonal concierge, Cu Bar, and much more. Watch the skiers ski by your window! The Snowflake Lift is out your door, ski home for lunch, or skip skiing and spend the day in the on site spa. This is a great summer location too! Walk to Main St for dinner and take the shuttle back. Hiking trails are all around the property. The kids AND grown ups will love this one. The luxury retreat for your family! http://youtu.be/8Q_aA9Zy72c $825,000

By |June 12th, 2013|Breckenridge News, Dillion News, Frisco News, Real Estate for Sale, Summit County News|Comments Off on BlueSky Breckenridge Unit 606S, 2 Bed/ 2 Bath Luxury for only $825,000

Breckenridge Real Estate, Beaver Run Resort and Conference Center, Unit #24250, Breckenridge CO, Only $485,000!

Gorgeous 2 bedroom, 2 bathroom, in town, ski in condo for sale. This great rental property is in the Beaver Run Conference Center, and features a remodeled kitchen with granite counter tops and brand new cabinets, new furniture, flat screen TV’s, and remodeled bathrooms! 1230 square feet, close to Main St, the River Walk Center, and shopping!

Beaver Run features covered parking, shuttle service, many hot tubs, 2 heated pools, Base Nine Bar, Copper Top Bar, Spencer’s Steak House, convenience store, athletic clothing store, oxygen bar, video and game room with put-put golf, The Spa, and so much more on site! This property will keep the whole family happy!

This is the Townhouse style floor plan which sleeps 10, and has amazing views out the front and back windows! Ask for the great rental numbers. To watch the video of this special property, click HERE.

Only $485,000! Call Erika at Breckenridge Mountain Real Estate, LLC today! 970-409-9236 www.BreckenridgeMountainRE.com

By |June 3rd, 2013|Breckenridge News, Dillion News, Frisco News, Real Estate for Sale, remodeling value, Summit County News|Comments Off on Breckenridge Real Estate, Beaver Run Resort and Conference Center, Unit #24250, Breckenridge CO, Only $485,000!

Featured Summit County Property 6/16/12, Breckenridge 66 Chestnut Ln, Only $635,000!

Gorgeous Breckenridge property next to the golf course!   This Summit County Property is Located between Frisco and Breckenridge.   The excellent central location makes it easy to enjoy the Jack Nicklaus Signature golf course located a short walk away, miles of bike paths, fine dining in any Summit County restaurant, or to easily access any of our six ski areas.  It has amazing west facing views of the 10 Mile Range.  Enjoy amazing sunsets from the outdoor hot tub, or stay in and entertain your family and friends in the wide open floor plan in front of the fireplace.

The main living area is perfect for the entertainer!  The wide open floor plan allows an easy flow of guests from the kitchen bar area, to the dining room, to the living room.  Or you can get cozy in front of the fireplace after a great day of skiing.  The main deck is off of the living room, perfect for watching the sunset after a day of activity!

This special property features a private west facing balcony off of the top floor master.  The master bath includes an extra deep tub and beautiful tile work.  A private office area is on this level outside the bedroom.  The three other bedrooms are all nicely appointed, and roomy.  They all have plenty of closet space to accommodate any family!

This is the most sought after floor plan in Highland Greens.  It has a rare two car garage and 2 parking places for guests.  The winter shuttle can whisk you away to the slopes without having to worry about parking.    4 bedrooms, 4 bathrooms,  2 car garage, hot tub and much more!  This home is all about the Summit County life style.   Call me today for more information on this special Breckenridge property, or if you have any questions on any Summit County property!  I look forward to serving your Real Estate needs!

Erika B. Schmidt,   Owner/ Broker,    Breckenridge Mountain Real Estate LLC,     970-409-9236

 

By |June 6th, 2012|Breckenridge News, Dillion News, Frisco News, Real Estate for Sale, Summit County News|Comments Off on Featured Summit County Property 6/16/12, Breckenridge 66 Chestnut Ln, Only $635,000!

Remodeling Costs Vs. Value For Sellers

REMODELING COST VS. VALUE FOR SELLERS

Eight of the top 10 projects with the highest cost vs. value ratio are exterior replacement projects.  These generally perform better because they are among the least expensive projects to complete and are non discretionary improvements that contribute to curb appeal, a strong subjective factor among home buyers.   The projects that recouped the most at resale are: Entry door replacement, garage door replacement, siding, wood deck addition, minor kitchen remodel, window replacement, attic bedroom remodel, and basement remodel.  Home office remodels and sun room additions recouped the least.    Source –CRS Magazine  2011

By |December 29th, 2011|Breckenridge News, Dillion News, Frisco News, Real Estate for Sale, remodeling value, Summit County News|Comments Off on Remodeling Costs Vs. Value For Sellers

Featured Summit County Property 11/27/11. Dillon Lake Cliffe Condo Only $325,000!

Downtown Dillon Lake Cliffe Condo that is on the marina!  Top floor, corner unit with amazing views of Buffalo Mt and the surrounding mountain range as well as views of downtown Dillon Village.  Enjoy the atmosphere of being in a quaint resort town, on Lake Dillon.  Walk to restaurants, shopping, the famous Tiki Bar, or enjoy miles of the Summit County bike path right out your door.

This well cared for property is close to 6 ski resorts, the outlet shopping district, the movie theatre, Dillon’s summer farmer’s market, hiking, fishing, boating, biking, many golf courses, and everything Summit County has to offer.  Convenient access from Denver is a plus.   Close to Breckenridge, Frisco, Keystone, Copper, and Vail!  It is all about quality of life with this prime location!

A highlight of this property includes the living room with its amazing views and the beautiful wood burning fireplace.  It is very bright and airy with a lofted ceiling.  The open floor plan is excellent for entertaining in the kitchen/ dining room/  living room area.  Upgrades include new furniture, carpet, and deck railing in 2011, and includes the new blinds and windows in 2009.

The 3 bedrooms are roomy and nicely appointed.  The master bedroom has plenty of closet space and its own bathroom.  The bunk room can sleep an army and also has its own bathroom.  Sleeps 10 in beds!  With 3 full bathrooms and an in house washer/dryer, everyone will be accommodated.

This amenity rich complex has an indoor pool, hot tubs, and  club house to keep families entertained and happy.  The HOA dues include HEAT, CABLE, gas, and more!   This short sale opportunity is priced $150,000 and more BELOW the comparables and the last solds!

1250 sq ft, 3 bedrooms, 3 bathrooms, washer/ dryer, pool, hot tubs, views, and much more!  Offered for only $325,000.

Call me today for more information on this special Lake Dillon property, or if you have any questions on any Summit County property!  I look forward to serving your Real Estate needs!

Erika B. Schmidt,      Breckenridge Mountain Real Estate LLC,     970-409-9236

By |November 26th, 2011|Breckenridge News, Dillion News, Frisco News, Real Estate for Sale, Summit County News|Comments Off on Featured Summit County Property 11/27/11. Dillon Lake Cliffe Condo Only $325,000!

Featured Summit County Property of the Week! Under Contract! 552 Shekel LN 11/20/11

Breckenridge Real Estate at its finest!  This Summit County property is only two miles north of Breckenridge, or 6 miles south of Frisco.   The excellent central location makes it easy to enjoy fine dining in any Summit County restaurant, or to easily access any of our fine ski areas.  It has amazing west facing views of Peaks 4 through 10 of the 10 Mile Range, including Breckenridge Ski area.  Enjoy amazing sunsets from the outdoor hot tub, or stay in and entertain your family and friends in the wide open floor plan.

Highlights of the property include Australian Cyprus wood floors,  over sized windows to take in the over sized views, a grand master suite with walk in closet, heated towel racks, gorgeous cabinets, and double sinks.  The two guest bedrooms are extra roomy with tons of closet space.  The over sized loft area is currently a large office but could serve many other functions easily.  The huge wrap around deck is perfect for taking in the sunny days of the Summit County high county. The Bonus Room currently keeps the family happy by being used as the bike room/ ski room/ and generally the toy “fix it” room.  This room is pre plumbed to have another full bathroom easily added so that it could be made into another master suite, a theatre room, or anything your family needs.

Three car garage, surround sound indoors and out, pantry, central bar, kitchen breakfast bar, 2010 remodel includes new carpet, tile, and bathrooms.  This well cared for property is sure to please everyone in your family! Call me today for more information on this special Breckenridge property, or if you have any questions on any Summit County property!  I look forward to serving your Real Estate needs!

Erika B. Schmidt,      Breckenridge Mountain Real Estate LLC,     970-409-9236

By |November 19th, 2011|Breckenridge News, Dillion News, Frisco News, Real Estate for Sale, Summit County News|Comments Off on Featured Summit County Property of the Week! Under Contract! 552 Shekel LN 11/20/11

It's Snowing!!!

Keystone and Copper Ski Resorts opened 11/4/11 and I am sure everyone is looking forward to Breckenridge’s opening day of 11/11/11.  If you are in town on Breck’s opening day, be sure to stop by one of the local coffee shops from 7-9 a.m. to pick up a free mug in commemoration of Breck’s 50th anniversary.

The weather gurus are predicting another La Nina year which could rival last year’s record snow totals.  I am soliciting for volunteers to help shovel me out since last year was truly a chore!

Check out my new look in the next issues of Mountain Homes Illustrated (still the inside front cover), and I will also be on the inside front cover of The Real Estate Book December issue.  I am excited about the addition of The Real Estate Book to my advertising resources and will be on the back cover of the next issue!  My office is looking fabulous upstairs, on the corner of Ski Hill Rd and Main St.

Breckenridge Mountain Real Estate is continuing forward with improvements and changes.  In case you haven’t noticed, I have a new e-mail address, BMRE@LIVE.COM.  My old e-mail will continue to be used so you won’t have any trouble contacting me.  I have finally taken the advice of several of you!

Don’t forget to set your clocks back 1 hour tonight for daylight savin

 

By |November 5th, 2011|Breckenridge News, Dillion News, Frisco News, Summit County News|Comments Off on It's Snowing!!!

Huge News!

I finally did it!  I started my own company.  Breckenridge Mountain Real Estate, LLC is now the newest real estate company to serve Summit County.  When things started to fall into place, I just had to take advantage of the opportunity!  I have a new office location on the busy Northwest corner of Ski Hill Rd and Main St, over the Hibberd McGrath Gallery.  Exciting times!

What do these changes mean to you?  I have owned all of my equipment and done all of my own advertising for years, but now I have cut out the middleman!  That means thousands more advertising dollars that can now be spent on my listings–your properties, and the quality that is already in place will only improve.  This has proven to be a fresh start for several listings that now appear as “new” all over again and these properties have enjoyed an increase in showings.  I am currently negotiating premium pages in other real estate magazines, and have already implemented the best contract software on the market.

I look forward to continued business with you and I hope to see you in my new office soon!

Erika B. Schmidt
Colorado RE Broker/Owner, CRS, GRI, CNE 
Breckenridge Mountain Real Estate, LLC
101 N Main St, ste 7/ PO Box 4326
Breckenridge CO 80424
website: www.BreckenridgeMountainRE.com
e-mail: ebs237@hotmail.com
cell: 970-409-9236

By |October 27th, 2011|Breckenridge News, Dillion News, Frisco News, Summit County News|Comments Off on Huge News!

Summit County 2011 Statistics

Your 2011 statistics for Summit County, January through June….

Total Sales: May 2011 finished with 81 solds , compared to 89 solds in 2010.  June 2011 finished with 66 solds, compared to 89 solds in 2010.  June saw a 25% decline in sales this year.  The good news is that the first 6 months of this year are still up almost 7% over last year.  These are residential sales only in Summit County. The information is gathered from the MLS and does not include private sales.

$200,000 to $400,000 is the hottest part of the market STILL with 150 sold.

$400,000 to $600,000 saw 104 solds.

$600,000 to $800,000 saw 57 solds.

$800,000 to $1,000,000 saw 31 solds.

$1,000,000 to $2,000,000 saw 39 solds.

$2,000,000 to $3,000,000 saw 6 solds.

Over $3,000,000… nothing yet this year.

Our inventory in 2010 peaked for the year last August at about 2,650 units.  We currently have about 2,350 units for sale.   So we are pretty close to normal for this time of year.  The average days on market are about 225, while the average sold price per square foot is about $283.00 for all of Summit County.

Single Family Sales:  Single family home sales are UP 21% for the first half of the year.  Average prices remain stable.  Single family home sales have been down the last 2 years, but recent price reductions have made them much more appealing.

Condo Sales:  Condo/ multiple family unit sales are up slightly and prices remain stable.

Foreclosures:  January through June 2010 we had 35 properties make it through the foreclosure process.  2011 to date, we have 86 properties.  Notices of Election and Demand (NED) are down over 9% so we expect our foreclosures to drop soon.  This information is provided by Stewart Title.

In other Breck news:  Breck and Keystone skier visits were up for the 2010/2011 ski season, and Colorado had a record year for tourism in 2010.  There is huge optimism for 2011, both locally and across the state.  A-Basin just finished up their ski season over the 4th of July weekend.  What a year for snow!

I hope you are enjoying all of the festivities that Summit County has to offer.  The Vail farmer’s market is always worth the drive if you are looking for something to do on a Sunday.  The wildflowers are spectacular this year because of all the snowfall (and rainfall!).  It looks like the 10,000 ft elevation range is peaking now so the higher levels should be a week or 2 behind.

If you get a chance, check out my Mountain Homes Illustrated magazine inside front cover ad and also the featured properties on page 71.  Feel free to stop by my office where I have copies available.   Please let me know if you have any questions, or if you would like a free market analysis on your property.  Advertising your property correctly can be the key to a seller getting a quick sale in a tough market.  I look forward to serving your Summit County needs, and thank you for the referrals!

By |July 29th, 2011|Breckenridge News, Dillion News, Frisco News, Summit County News|Comments Off on Summit County 2011 Statistics

Summer Storm of the Century!

Several days later, Summit County is still cleaning up the mess from Monday night’s storm!  We broke the 24- hour rain fall record of 2.6 inches set in 1893, eventually totaling nearly 4 inches.  Homeowners have reported flooding in their homes as well as washed out roads and driveways.  The nearly non-stop thunder and lightning was as intense as any long time local has ever seen.  For a full article check out Summit Daily News at http://www.summitdaily.com/article/20110719/NEWS/110719759/0/FRONTPAGE .

By |July 21st, 2011|Breckenridge News, Dillion News, Frisco News, Summit County News, Uncategorized|Comments Off on Summer Storm of the Century!

June events in Breckenridge and Frisco

It is that time of year again!  If you haven’t made plans to come up to the high country yet, you should make them now.

June 10th and June 17th  Fatty’s clam bake!!!  They only do it 5 times a year and there are 2 nights left.  They sell out by 6pm so get there early to put your order in.  I will see you there tonight!

June 9-12  Breckfilmfest.com

June 16-18  Frisco BBQ Challenge.  The largest BBQ in the state of Colorado.  Kick Off concert June 16 at 8pm.  Check out the pig races, hotel specials, and more at FriscoBBQ.com

June 16  8pm   Lyle Lovett and John Hiatt River Walk Center.

June 17  4pm-9pm    Free    The Breckenridge Town Party at the River Walk Center.

June 19  3pm  The Breck Annual Outhouse Races.  A crowd pleaser not to be missed!  gobreck.com

New Restaurant from the owner of Relish,  Twist is on the corner of Ridge St and Washington Ave.  Great happy hour specials.

Keystone and Dillon have lots of upcoming events, including a FAC (Friday Afternoon Club) and Farmer’s Markets.  Go to   www.keystoneresorts.com and   www.townofdillon.com for their lists of events.  Check out Breckenridge’s summer events at  gobreck.com.

It is the start of a great summer!

By |June 10th, 2011|Breckenridge News, Dillion News, Frisco News, Summit County News|Comments Off on June events in Breckenridge and Frisco

Breckenridge's Newest Restaurant

Twist Restaurant is another creation of Matt Fackler and will be opening June 1, 2011.  The owner of Relish has taken over the location on the corner of Ridge St and Washington.  Twist will be offering casual, comfort food and is sure to be Matt’s second success in Breck!  See you there soon!

By |May 17th, 2011|Breckenridge News|Comments Off on Breckenridge's Newest Restaurant

Selling your House? Why you should do it NOW!

You may be tempted to hold on to your property until home values rise, but here are 5 reasons why it might be smarter for you to sell right now.

1) Interest rates are on the rise.  Rising interest rates eat into the buyer’s purchasing power.  As rates increase, the mortgage amount a buyer qualifies for decreases.  This will eventually have a negative effect on prices.

2) Your Dream Home will never be cheaper.  You have a fabulous selection of replacement homes right now!  Prices are projected to continue to soften in most markets.  If you are a buyer, COST should be more important than PRICE.  The cost of owning a home is increasing as mortgage rates go up.  If you are waiting for your current property to increase in value, how much will you be losing as your costs go up?  Do the math and decide if now is the time.

3) Buyers are coming out early.  As buyers see improvements in the market and rising mortgage rates, they have started the buying season early.  The time to take advantage of the early birds is now.

4) Inventory increases every spring.   Summit County has a huge surge of inventory every spring that peaks towards the end of August.  There is pent up selling demand created by the weak market of the last few years.  Sell earlier and take advantage of having less competition or sell during the height of the selling season.

5) The foreclosure storm.  Foreclosures are direct competition for your house.  Experts predict an release of bank owned properties which have been so far been delayed.  Hopefully Summit County real estate will not be effected by this as much as other markets.

The bottom line. Give me a call today if you have questions about our market, real estate values, your neighborhood, or the value of your property.  I can help you decide what the best options are for you and your family.

By |May 15th, 2011|Summit County News|Comments Off on Selling your House? Why you should do it NOW!