Inventory levels up in Summit County,Colorado, means more choices!

June 16th, 2008 lbaxter Posted in Breckenridge, Colorado, Copper Mountain, Copper Mtn. real estate, Frisco, Frisco Real Estate, Silverthorne, Summit County, Summit County Real Estate, Uncategorized Comments Off

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

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Buying in Summit County Colorado

March 29th, 2008 lbaxter Posted in Breckenridge, Colorado, Copper Mountain, Copper Mtn. real estate, Dream mountain home, Frisco Real Estate, Luxury Real Estate, Silverthorne, Summit County, Uncategorized 2 Comments »

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. 

Median Home Price Summary: 2007 vs. 2006

 

 

 

         
Region/County October 2007 October 2006 % Previous Year Change
         
Northeast  $           258,700.00  $     255,400.00 101% 1.29%
Midwest  $           164,000.00  $    166,600.00 98% -1.56%
South  $           171,400.00  $    183,700.00 93% -6.70%
West  $           318,200.00  $    341,000.00 93% -6.69%
Eagle County  $           810,000.00  $     613,500.00 132% 32.03%
Garfield County  $           394,950.00  $     344,500.00 115% 14.64%
Pitkin County  $         3,700,000.00  $   3,500,000.00 106% 5.71%
Routt County  $           660,000.00  $     580,000.00 114% 13.79%
Summit County  $           648,750.00  $     614,450.00 106% 5.58%
U.S.  $           207,800.00  $     218,900.00 95% -5.07%

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.

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Building your dream home at a ski are in Summit County

February 24th, 2008 lbaxter Posted in Colorado, Copper Mtn. real estate, Dream mountain home, Luxury Real Estate, New home construction, Ski in/Ski out properties, Summit County Comments Off

Yes, it is still possible to build that dream mountain home at a ski area.  One of the latest developments is at Copper Mountain.  This development is called Slopeside.

If you are familiar with Copper Mountain, Slopeside is located in Lewis Ranch and is right next to the Union Creek Chairlift.  There are only thirteen large building envelopes, which are all ski in ski out.   These lots are big enough to build a 5,000-8,000 square foot home.  The master planned community has been approved for a future gondola. 

There is an affiliated construction company that will help you build your high-quality home.  One of the home sites has a  beautiful model home that was featured in the Summit County Parade of Homes.  This particular property won several awards on Best Interior Design and Finishes, Best Kitchen, Best overall floor plan, Best interior decorating, and the list goes on. 

Click here for previous article on building.

If you are interested in finding out more about building your luxury ski-in ski out masterpiece, please contact Leah Baxter at Leah@leahbaxter.com or www.leahbaxter.com

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Breckenridge New Developments

January 9th, 2008 admin Posted in Breckenridge, Copper Mtn. real estate, Frisco Real Estate, Keystone Real Estate, Luxury Real Estate, Ski in/Ski out properties, Summit County Real Estate Comments Off

Breckenridge Ski AreaMaybe you are considering buying property in Breckenridge www.skibreckenridgecolorado.net?  Well there are several options New vs. Existing.  There are actually several new developments occurring in Breckenridge. Today, I will discuss the first development with a series over the next several days discussing other new developments in Breckenridge.

The first new development is called Water House on Main Street.  This development will be located at the south end of Main street located next store to the Hyatt Main Street Station.  The advantage to this location is that you are right in town, and are able to walk to the lifts.  These units are luxury 1-3 bedroom condominiums.  Your ownership includes: dedicated owner ski lockers on site, fitness facility, sauna/locker rooms, members lounge, outdoor heated pool and 7 outdoor hot tubs and a media room.  There will be underground parking, concierge services, ski valet on site with boot warmers. There will be bellmen services, cable TV access and wireless, high-speed internet access.   The ice skating rink is right next store, as well. 

Breckenridge is a very family friendly town with a lot of activities year round.  Property values continue to increase and depending on which side of town you are located you can expect to pay between $300 per square foot ( outside of the city limits) up to $1450 or more per square foot.  If you are going to be on the mountain (ski in-ski out) plan on around 1200 +  a square foot.  A single family home in Breckenridge is going to be a little bit less per square foot than a condo, duplex or town-home.  So keep this in mind.  The difference between a condo vs a single family home is that you don’t have to maintain the property, and generally there is on site management as well as other amenities available for a monthly fee.

The Summit County area which consists of Breckenridge, Keystone, Copper Mtn., Frisco, Dillon and Silverthorne have not experienced the housing slump that is occurring in other places in the United States.  I know it is hard to believe, but we are a resort town and the majority of our home buyers consist of second family homeowners.  Our inventory is low, but the demand is high.  With this combination we are experiencing anywhere between 10-20% appreciation per year. 

If you are considering trying to get into the Breckenridge market, but don’t want to spend $1000 per square foot, how about an existing property that may need a little bit of updating.  There are some properties out there like this, that are around $400-$500 a square foot located right in town.  These particular properties are experiencing complete face lifts on the exterior part of the buildings and if you were to remodel, you could have a beautiful place and also have a great investment, as well.  If you would like to search the Mls free go to http://search.leahbaxter.summit.mlxchange.com/

If you would like more information about Water House please feel free to contact me at leah@leahbaxter.com or visit my website www.leahbaxter.com.
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Happy New Year – Snow, snow and more snow!

January 5th, 2008 admin Posted in Breckenridge, Copper Mtn. real estate, Frisco Real Estate, Snow, Uncategorized Comments Off

Happy New Year!  It is snowing and is supposed to continue to snow for the next several days.  It was quite busy up here in the mountains the past two weeks and adventurous!  We had record breaking temperatures, however, that did not prevent anyone from skiing or being out and about. 

All of the hotels were booked and all of the condos were rented when on December 30Th, the winds began to pick up and the snow began to fall.  We were all skiing that day at Copper MT. and had heard that the road  (I-70) was closed.  So we hung around for a couple hours and headed out.  It took an hour to get to Frisco, which is normally a 5 minute drive.  The traffic that was heading to Silverthorne (2 miles) took another hour and a half.  Needless to say, at that point it was a complete white out and they closed I-70 and got everyone off the highway. 

 Several travelers ended up at the Silverthorne Rec Center, Middle School and various churches.  But several also ended up in their cars for the night.  We ended up with 5 people that were stranded and had a nice time.

The road did not open until 4pm New Year’s Eve and people headed down the road. 

Now, the snow continues to fall and the skiing and snowshoeing and x-country trails are fabulous!  I think it will be a wonderful winter.  Wouldn’t it be nice to have a property to go to so you won’t be stranded on I-70?

The housing industry in Summit County is just as strong as ever.  It is a wonderful place to have fun!

During the holidays and just about every Saturday, Copper MT. has fireworks and a torchlight parade and a Snowboarding exhibition.  Breckenridge has a big festival coming up the Ullr Fest Jan 6-11 and it consists of a week-long

celebration of Ullr (a mythical Norse God of Snow) .  There will be a Main Street Parade, live entertainment and bar series, a Nordic and ice skating event as well.

Hope to see you on the snow!

 

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