Inventory levels are rising in Summit County, Colorado.  Although prices remain steady, we have been noticing about 40% of properties reducing their prices to accomodate the market.

If you are looking for a high end luxury home in Breckenridge, now is the time to buy.  in The Highlands at Breckenridge which is a golf course community located at the Jack Nicklaus Signature Golf Course in Breckenridge, Colorado have a very high inventory level with 62 properties on the market, which is  5 year supply.  This consists of 62 homes on the market in the `Highlands with prices ranging from $1,049,000-$4,000,000.

Inventory levels have increased since the winter in Summit County.  The market here is becoming a little more neutral than a full on Seller’s market.  Now is a good time to buy in Summit County because of the choices.  Some properties have been on the market for more than a few months and perhaps the seller may be a little more negotiable than in prior years when there are not a lot of choice. 

Our market has never experienced a bubble like other areas in the nation.  WE have been consistently growing anywhere between 10-25% appreciation a year.  It has stabilized a little this year due to the economist portraying doom and gloom everywhere.  However, we are not experiencing a decline in prices or do we experience foreclosures here.  Generally if a property is going to foreclosure, it is usually sold or rectified before that even happens.

If you are interested in new projects that are in the planning phase, click here.The following are inventory levels in each town which include condos, duplexes, town homes and single family homes:

Frisco-current inventory 110 properties

Copper Mtn. -current inventory 61 properties

Breckenridge-current inventory 653 properties

Wildernest/Silverthorne- 214 properties

Dillon-130 properties

Keystone-142 properties.

Feel free to contact Leah at 970-389-6367 to help you with your property needs.  www.leahbaxter.com

Summer time is here and this weekend is the kickoff for summer in the rockies.  The Breckenridge Colorado Film Festival started today and is going on through the 8th of June.

Also on June  21st the Colorado Ride the Rockies will be hitting Breckenridge. Breckenridge has so many activities in the summer time as well as the winter.  Many people don’t realize how beautiful the mountains are in the summer until they experience it first hand. 

You can go mountain biking or road biking on the paved bike trails (that don’t have any cars on them)  The National Repertory Orchestra in Breckenridge plays all summer at the Riverwalk Center and there are wonderful music festivals, farmers markets, kids activities.  You name it  Breckenridge has it. 

If you are looking for a somewhat affordable property to own, I have just the perfect place for you.  It is a studio located right next store to the Breckenridge Riverwalk Center, one block to main street, and in the winter, you can even ski right end of 4 O’Clock run and walk across the street to your inviting Breckenridge, Co studio.  Call Leah Baxter at 970-389-6367 for more information.

Summit County is not experiencing the over abundance in inventory and low sales that the news media is portraying in other parts of the country.  In fact, we currently have $3 million  dollars in pending sales and currently  have inventory levels of 4-5% for sale.    This is normal in comparison to last year at this time.

Summer is just around the corner and that is our busy season here, so if you are thinking of buying, now is a good time. Mortgage rates are at 6% for a fixed 30 year loan. Search the MLS for free.  If you would like help on your property search, please contact Leah Baxter at leah@leahbaxter.com or 970-389-6367 direct.

In the quaint mountain town of Frisco, Colorado spring has finally arrived!!!! Frisco is in the center of Summit County and is a wonderful small town with world class restaurants.  The snow if finally melting and I’m sure many of the locals as well as myself are thrilled.  Even though it has been an epic season for skiing and riding and other snow sports, we are definitely ready for biking, hiking, camping, fishing, boating, etc.

On May 17th, the town of Frisco will host the annual town clean up day followed by a BBQ at Walter Byron park.  The Marina Season Opener is scheduled for May 24th at the Frisco Bay.

Frisco is located 1 hr/minutes from the west side of Denver.  It is convenient to Copper Mtn. (5 minutes), Breckenridge, Keystone, Loveland, and 25 minutes to Vail.  It is a charming town with world class restaurants, local shops, bike paths that will take you all over Summit County, and a great marina to go sailing and boating.

If you are interested in property in Frisco, check out this beautiful duplex that has awesome views of Mt. Royal.  For any more property information in Frisco or Summit County please contact  leah@leahbaxter.com  or search the MLS for free on my website www.leahbaxter.com.

Other major festivals happening in Summit County to celebrate the end of the season are the Breckenridge Spring Massive Festival.  This will occur between April 1-April 20.  There will be live entertainment, FIS ski races, spring shopping sales and much more!

While you are in Breckenridge, why not take a look at some Mountain properties, because summer is right around the corner and if you have not spent summertime in the Rockies, you are missing out!  It is absolutely gorgeous and plenty to do for everyone! 

Give Leah Baxter a call 970-389-6367 or email at leah@leahbaxter.com.  www.leahbaxter.com

Now is a great time to buy in Summit County .  I know the news media is portraying doom and gloom for the housing market, however, they are basing their information on major cities.  We are not a major city.  We are a resort community.  People love the mountains to relax and play.  Our economy is not based on the national economy.  People choose to come in for fun or because they want to live in the mountains.

Interest rates are low,our prices are not going down, so don’t wait, because we are not in a housing bubble.  Our market continues to be strong and the sales prices continue to rise slowly, but steady. 

Source:  National Association of Realtors via Associated press:msnbc.msn.com & data research Associates. Believed to be accurate but not guaranteed.

Contact Leah Baxter at leah@leahbaxter.com or www.leahbaxter.com for more information on purchasing in summit county.  Search the Summit County MLS  free.

Have you ever thought what it would be like to build a dream home in the mountains of Colorado?  That dream is still possible.  There are a few areas left that are selling lots, however, they are at a premium.  Summit County is expected to reach build out by the year 2013 according to the Summit County Builder’s Association.

There are some beautiful home sites available in Silverthorne called Angler’s Mountain Ranch.  These home sites are located right by the Blue River and have beautiful views of the Continental Divide.  This particular community is situated on 192 acres of historic Colorado ranch land.

Approximately half of the ranches total property will be designated for cross-country skiing, hiking and snowshoeing. There will also be an addition to the Silverthorne’s bike trail system.There will be a 13-acre lake which runs into the Blue River for those who love to fly fish for trophy brown and rainbow trout. 

Angler Mountain Ranch is located a few miles north of I-70 and Hwy 9.  This is close to Breckenridge, Copper Mountain, Keystone, Vail or Arapahoe Basin.  For more information contact leah@leahbaxter.com or www.leahbaxter.com.

 A new development that is scheduled for completion in January 2009 is called The Crystal Peak Lodge.  This luxury development  is a ski-in/ski-out village located at the base of Peaks 7 and 8 in Breckenridge. 

It is conveniently located to the BreckConnect gondola and within steps to the anticipated relocation of the  Independence Super Chair .  There are 46 luxury ski in-ski out 1-4 bedroom residences.  The initial offering of the residences have sold out, however, there are seven resales available ranging from a one bedroom priced at $875,000 to a 2 bedroom priced at  $1,550, 000.

The amenities that will be available are as follows:

A new release of luxury residences is happening on February  15th for a luxury Ski In/Ski out development called One Ski Hill Place (A Rock resort).  This resort is located at the base of  Peak 8 in Breckenridge. This development will be among the most desired luxury Breckenridge accommodation.

The luxurious 88 condos range from studios to four-bedrooms.  The Rock Resorts commitment  is to be environmentally friendly by following the Green Globes Guidelines.  The luxury residences have dramatic fireplaces, large windows to enjoy the fabulous alpine views.  The interior designs have ample use of natural wood and stone creating a rustic yet elegant atmosphere.

Prices range from $665,000 for a  553 square foot studio up to $2,395,000 for a 4 bedroom, 4 bath unit  that is 1905 square foot .

The following are the amenities that are part of these luxury residences:

Aquatics Center with two swimming pools and hot tub,