Local Real Estate News

Summit County Update: May 7, 2012

Monday, May 7th, 2012 at 1:08pm. 22 Views, 0 Comments.

For Breckenridge and Summit County Market Stats:   www.BreckStats.com

The number of listings closed so far in 2012 is up 3% in Summit County! The number of listings that are under contract is up 30%!

If we assume that all the listings that are under contract do close and assume that all the listings that were under contract last year at this time also closed and added those numbers to the already sold for each year…well, over the next couple months that 3% improvement this year may move up into around a 10% improvement in the number of listings sold in Summit County. The current active listings are coming on the market at 9% below last year at this time; our inventory is shrinking.

The number of new listings this past week is up with 45 but…

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Best Deals - May 4, 2012

Tuesday, February 21st, 2012 at 12:28pm. 608 Views, 0 Comments.

Click on 'Read Full Post' below to access details.

For info on some of the best deals available, check out the list below. I watch the market daily, and add listings that I think are real opportunities. For details on why a particular property is a great deal, give me a call and we can discuss previous sales and market history.

New 'Best Deals' This Week (5/4/2012)

Tyra Summit: 2-bedroom ski-in/ski-out for under $500k - best price in six years!

Peak Eight Place: ski-in/ski-out vacant lot; 50% off 2008 sale price! Bank sale.

Additional Best Deals: 

Base 9: Two-bedroom ski condo, under $400k

Gold Camp: 2-bedroom condo close to base of Peak 8 Breckenridge

Mountain Thunder Lodge: high quality ski condo, priced…

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Best Deals Breck

Thursday, September 8th, 2011 at 7:07pm. 458 Views, 0 Comments.

For info on some of the best deals available, check out the list below. I watch the market daily, and add listings that I think are real opportunities.  For details on why a particular property is a great deal, give me a call and we can discuss previous sales and market history.

Residential:

Alma Home: S377432; charming home in like-new condition for only $229,000

Alpine Breckenridge: S377506; 4 bedrooms, 3.5 baths, newer home in alpine setting

Base 9: S375271; 2-bed ski condo with 1350 sq-ft living space

Crystal Peak Lodge: S376718; ski-in/ski-out at Peak 7

Elk Ridge: S372943; walk to lift from spacious, updated townhome

Fairways: S363191; new construction, price reduced 30% from 2008 actual sales

Lakeshore: S376244; deal at…

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Tannenbaum on the River #305 - Breckenridge Condo

Tuesday, July 5th, 2011 at 2:37pm. 650 Views, 0 Comments.

Located in Breckenridge, this contemporary ski condo is a short walk to Breck ski slopes, overlooks the Blue River, and is just steps away from national forest hiking trails. For details, click here. Newly renovated, this unit has a contemporary-designed kitchen, including new granite counters, cabinetry, and stainless appliances. Other recent upgrades include a new fireplace surround, new paint throughout unit, and new furnishings. Need some space to spread out? With vaulted ceilings and floor-to-ceiling glass, this 1465 sq-ft condo feels even more spacious. The two bedrooms are both large enough to include two king or queen beds; both bedrooms have a private bath, as well as private entry from building exterior. Even more features: loft that will…

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Seven Myths of Buying Real Estate

Wednesday, May 4th, 2011 at 10:48am. 344 Views, 0 Comments.

When purchasing real estate, beware of preconceived notions about how your transaction should proceed. Here are a few items to look out for:

1. "The perfect property is out there." Buyers tend to focus on the one thing that's wrong with a property rather than the nine out of ten things that are right. Buying property is an exercise in compromise. If you find the location and view that is desired, don't expect the kitchen to be perfect. Instead of shooting for everything on your wish list, decide which items are true deal breakers. 

2. "The house has to speak to you." Buyers often get caught up in how a property "feels" of "speaks" to them. Homes are sometimes staged so they evoke pleasant emotions from house hunters - that doesn't mean you, as the new…

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Tax Valuation Update

Tuesday, May 3rd, 2011 at 2:53pm. 359 Views, 0 Comments.

Last Friday, April 29, 2011, the Summit County Tax Assessor's office mailed the updated valuations to property owners in the county.

After watching property values decrease over the past two-plus years, our local property taxes are now playing catch-up (which is how it's done in Colorado - we pay our taxes based on property values that are two to three years in the past). So next year, in 2012, most owners will be paying a smaller tax bill than paid in 2010 and 2011. Overall, according to Beverly Breckstone, the county assessor, values have adjusted downward 16% from the previous valuation period.  This is the first time in several years that Summit County has had a decrease in property values.

A sixteen percent across-the-board decrease may be the…

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Breckenridge Real Estate Update April 30, 2011

Saturday, April 30th, 2011 at 4:38pm. 311 Views, 0 Comments.

Since the ski areas (Breckenridge, Copper, Keystone) closed a week ago (April 24, 2011), we've shoveled another 15" of snow off the decks and sidewalks, and it's still coming down. Our late season skiing was over-the-top wonderful, and for those who can't get enough time on the slopes, Loveland and A-Basin remain open. But for most of us, we're ready to switch gears, and head into summer, with plans for kayaking, hiking, biking, town barbecues, gardening, farmer's markets, and music festivals in Summit County.

I want to send out a hearty congratulations to Robert and Lori, who recently closed on their Breckenridge ski condo, purchased to enjoy all that our area has to offer, as well as serve as an investment property that will bring in some short-term…

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Best Deal Breck April 7, 2011

Thursday, April 7th, 2011 at 12:44pm. 263 Views, 0 Comments.

Today's best deal is a residence about 4 miles south of Breckenridge, located in Timber Creek Estates. This home, built in 2002, was sold in 2006 for $1,010,000. It's now a distress sale - a bank sale - and our area does not see a lot of these, with this kind of price reduction. As of April 7th, the price was lowered to $689,000. The home includes 3 bedrooms, 2.5 baths, a media and billiard room, a spacious private master deck, on 1.5 acres with great mountain views. For details, click here, or contact Susan Gunnin at 970-389-0182. Please note: not all details on property are accurate - please call for further explanation or more photos. This property is going to sell soon - if interested, act now. 

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Summit County Foreclosures

Monday, March 28th, 2011 at 7:30pm. 351 Views, 0 Comments.

Summit County Foreclosures, March 28, 2011

The local foreclosure count is on the rise again; based on 1st quarter numbers, 2011 may have a 70% increase over 2010. In 2010, we doubled our 2009 numbers. Take a look below:

Year             Summit County Foreclosures                 % increase over prior year

2007                             11                      

2008                             33                                                     200%

'2009                           …

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Best Deal Breckenridge

Monday, March 28th, 2011 at 5:31pm. 283 Views, 0 Comments.

A new 3-bedroom listing at Tyra Riverbend in Breckenridge is one of our market's current best deals. Adjacent to the Snowflake lift, this ski in ski out condo has vaulted ceilings, a private deck, gas fireplace, is fully furnished and just a short walk to downtown. What makes it such a good deal? Well, the last two sales for similar size and location (same complex) were at much higher prices: Unit 303 sold for $895k in June '07; Unit 107 sold for $979k Feb '08. This is the first time a 3-bedroom unit has been offered at less than $800k in a long time. For details on this unit, click here or email Susan Gunnin at susan@breck4sale.com. Or just pick up the phone and give her a jingle: 970-389-0182.

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