Currently, there are five new developments taking place in Frisco, Colorado. The first project is called The Condos off Main. A series of two-three luxury condos are located just one block of Main St. in Frisco. Each unit features hardwood floors; a fireplace, granite counter tops and include a two car deeded parking spot. Enjoy the easy access to the lake, bike path, and numerous hiking trails. The condos feature stainless steel appliances, wood floors, gas fireplace and jetted tubs. Prices start at $699,000.
The second development is located 3 blocks from Main St. and features three single-family homes and one duplex. This is a luxury development in the heart of Frisco. The properties include 2-3 bedrooms; a one-car garage, fireplace and they all have roof top decks. The views are beautiful from the decks and create and extra living space to enjoy the outdoor lifestyle of the Rockies. Walk to Main Street for dining, shopping and all the great Frisco year round activities. Prices start at $629,000.
The third development is called the Legends at Frisco; these are large high-end luxury duplexes, which include 2175 square feet. The properties feature 3 bedrooms. They also include a 2-car garage. Features include hardwood floors, granite counter tops, radiant floor heat and a 2-car garage.The properties are located just two blocks away from Main St., walk to everything, or head over to the Frisco Bay Marina for some sailing. Prices start at $699,000.
The fourth development is called Frisco Sport Chalets. This new development consists of three 1 -bedroom condos, and one 2-bedroom condo. They each include a one-car garage and are located toward the West end of Main St. There is one Deed restricted 1bd/1ba, ground floor condo for $244,900. The bus stop is right out your door to take you to the various ski areas or towns. Enjoy the creek and hiking. Take your bike out for an afternoon ride on the numerous paved trails or mountain biking trails or head over to the Frisco Adventure Park. The interiors feature cozy mountain interiors. The remaining 3 properties start at $339,000.
Showings, it’s all in the details. Showings are up in Frisco, Co that are priced in the $300,000-$400,000 price range. Selling real estate can appear daunting, after all there is a great deal of preparation involved in attracting buyers, but the more attention you give to the appearance of your home the easier your job could be. The number one goal of a seller is to get an offer and if you set your home up for success everything else will fall into place. Although, inventories are beginning to dwindle in Summit County, Co, it is still necessary to make your home as attractive as possible.
Many sellers wait and wait for showings, other sellers get them right away. The best plan of attack is to be prepared for showings at the drop of a hat from the day you list your home. Luxury home sellers have their homes perfectly staged and ordinary home sellers should be no different. It always helps to brighten up the place, especially if your property is dated, you may think of adding lights or adding a fresh coat of paint.
The old adage “the devil is in the details” is never more prevalent than when preparing your home for showings. From complete and utter cleanliness to absolute organization, there are other details than can add appeal to your home that can attract a buyer’s eyes. Fresh flowers in the kitchen, living room, dining room and bedrooms can add to your home’s appeal.
Walk through your home and consider how you can make it appear fresh. Every little detail can change a room. Your goal is to have a seller walk through your home and feel comfortable immediately.
Spring time is upon us, although we have received much of our snow in March, ski conditions are excellent right now. It is Spring Break in the Rockies. The major ski resorts have indicated that the season is currently up 9 percent in revenues from the 2011-12 season. We are currently over 80 percent of snowfall this year, which is much better than last year.
On March 30, Breckenridge is hosting a Throwback Bash , the official after party of the Mountain Dew tour. They will have a free concert from the 80′s band. This is occurring at the River walk Center. Breckenridge will also be featuring free concerts in April, to check out who is playing and other activities occurring over spring break click here http://www.breckenridge.com/events/events-calendar.aspx?year=2013&month=4.
The past week Breckenridge received over a foot of snow, and today they opened Peak 7. Copper Mountain announced the Snow Day Pass (formerly the powder pass) . It is a limited time pass available for $99 and allows the pass holder to ski anytime that Copper receives 4″ of snow or more. Even if you can’t get to the slopes when it is a powder day you get 2 days, so it is a great value.
Frisco Adventure Park is now offering beginner 2 hour Ski and Snowboard lessons taught by the Copper Mountain Ski and Ride Instructors. This is a great opportunity for people to have a nice small lesson (no more than 8 in a group). When you are finished with your lesson you can enjoy the tubing at the Adventure Park or just relax by the fire in the new lodge.
Keystone has announced an incentive to book lodging with them. If you stay 2 nights, kids under 12 can ski for free.
The ski season is among us and Breckenridge, Keystone, A-basin, Copper are all open with Vail slated to open on November 16th. The snow is actually quite good. I was able to go out on Sunday at Copper and fortunately they have been able to make snow with the cold temperatures that we have had. It did snow last weekend and we are expecting snow this weekend.
CDOT (Colorado Dept. of Transportation) is gearing up to expand an eastbound lane to Denver between the Twin Tunnels ( which is located just outside of Idaho Springs) and to the base of Floyd Hill. This is going to be a 60 million dollar expansion, but is expected to help the traffic flow back to Denver.
With the election over and the ski season upon us, now is still the best time to buy a property before the end of the year. With the uncertainty of the Fiscal Cliff, no one seems to know what will happen with our almighty dollar. Are the stocks going to completely drop? The interest rates are still at an all time low and our properties are priced well comparable to 2004-2005. Wouldn’t it be nice to have that mountain property you have dreamed about, not have to worry about traffic or your stocks, why not invest it in Real Estate?
The 4th of July is a wonderful time to be in Summit County, CO. Although it is in the middle of the week this year, why not come up to the mountains for the day and escape the heat?
Every year Frisco hosts a small town parade down Main St. It is a lot of fun, and it seems that the entire town is involved in the parade at some capacity. There are children riding their decorated bikes trying to win that special prize, as well as belly dancers, antique cars, homemade floats, clowns, etc. It is just an old fashioned parade. It starts at 12:30pm, but you better get here early to claim a spot.
When you arrive early make sure you are hungry to enjoy a pancake breakfast at 3rd and Main sponsored by Team Summit (ski and snowboard club). The pancake breakfast begins at 8am. When you are finished eating head over the fishing derby for kids under age 12 at Meadow Creek Park (behind Walmart). At 10am ,The Summit Concert Band will be playing at Historic Park located on 2nd and Main.
After the parade enjoy the Rocky Mountain Craft show located on Madison and Main.
For the Finale concert head over to the Frisco Marina to Jakarta at 7:15 pm. This is a Motown sounding band playing Rhythm and Blues. Should be a lot of fun.
The 4th of July is not the only day things are happening, on Thursday night there is a free concert series at 5:30 pm featuring Al Chesis and the Delta Sonics. This is a blues band, and should be a lot of fun. The concert series occurs in Historic Park.
Aahh, summertime in Summit County is one of my favorite times of the year. People ask “Are you going anywhere?” and the answer is typically “no”. Summit County is a mega playground in the summertime. The kickoff for the summer begins this weekend with live music at the Frisco Annual BBQ. The BBQ competition is held on Main St. in Frisco with participants competing from all over the country. The town of Frisco blocks off Main St., so the BBQ competitors and other food and beverage vendors can claim their space.
If you would like to get in shape prior to indulging in on the BBQ, why not enter the Frisco inaugural 5k Bacon Burner run on Saturday, June 16. If you don’t want to race, enjoy watching the famous pig races (yes, I said Pig races). It is hilarious! Even if you don’t like beef, pork, or chicken, there are other options for you to try, or, just get a drink and relax and watch the several hundred people.
Pig Races at Frisco BBQ- by Bob Berwyn Photo credit http://www.summitvoice.org/
If you are looking for something more athletic, Keystone has their opening weekend beginning on Friday, June 15th with two new bike race series called the Enduro and Ascent bike race series. The series consist of six competitive mountain bike races. The Enduro is in the format of an “All-Mountain” bike race and the Ascent Series is an uphill race against the clock up Dercum Mountain. Whoever has the fastest time, wins. There will also be kids races as well, so bring the whole family and enjoy!
Red Hawk Townhome
After the race or if you are wandering around Keystone, come by an Open House in Keystone on Saturday, June 16 located at Red Hawk Town homes between 1-5pm. Red Hawk town homes is within walking distance from River Run. This beautiful mountain town home has three large bedrooms and three baths, it is a fully furnished high end luxury town home. The views are amazing as well as the amenities consisting of an outdoor heated swimming pool, hot tubs and exercise room. The town home is within walking distance to the Gondola.
Have we hit the bottom on our prices of properties in Summit County, Co? This is debatable. Our inventory levels have dropped about 11% from last year at this time. Our sales are up about 12% over last year, however, the average sold price is down -6%. History indicates that as inventory levels drop, prices begin to slightly increase (the law of supply and demand). Perhaps they may drop a little bit, however, I believe our prices on properties are reaching the bottom. Now is the time to get into the market and purchase your primary or second home ! Interest rates have hit rock bottom and don’t seem to be increasing any time soon. There are some great deals out there now!
Here is a review of the interest rates this past week:
It is important for both buyers and sellers of real estate to understand the importance of an appraisal. Let’s face it, the real estate market has been nothing if not erratic over the last few years and knowing exactly what a home is valued at is trickier than ever. The clear answer to value is that a home is only worth what someone is willing to pay for it, but when you are trying to finance a home the bank will only lend based on what it sees the value of the home being.
Why is it important for sellers to have an appraisal done on their property? An appraisal will let a seller know realistically what he can expect to get for his home.
IS the appraisal always right? I don’t think so. The second home resort market seems to be a little more difficult to compare apples to apples. The past few years, sales have been skewed by short sales and people who may be heading into foreclosure. If these are the only properties that have sold in a particular neighborhood, then it is hard to get a true comparable if nothing else has sold in the neighborhood. The banks rely on appraisals, so sometimes it is important to have some backup data to substantiate a higher price if there is a dispute on the appraisal. If the property doesn’t appraise up to the purchase price, the Buyer and Seller have two choices: one-they can either lower the price to accommodate the appraisal or two- the Seller may choose to bring money to the table.
Foreclosures and short sales have skewed the comps in many areas, which can make placing an appropriate value difficult. However, preparation is key when trying to sell real estate in today’s market, where knowing what your local fair market value is of the essence. An appraisal helps to avoid the what-ifs and place everyone involved in the real estate transaction exactly where they need to be, in reality.
For more information about property in Summit County, Colorado serving Breckenridge, Frisco, Keystone, Copper Mountain, Silverthorne or Dillon contact Leah Baxter www.leahbaxter.com or 970-389-6367.