"Great home for the first time home Buyer"

If you are thinking about using the extended and expanded home buyer tax credit to purchase a home this year you better act fast.  Now is the perfect time to get a great deal on a home in Summit County or surrounding areas. The tax credit can be used on homes purchased by July 1, 2010, but the homes must be under contract by April 30, 2010. The prices of Single Family homes and other types of properties (i.e. Condo’s, Duplexes, Town homes) have come back down to price points we were seeing in 2006.   You have a little more than a month to locate your new home. Check out the MLS on current listings in Breckenridge, Keystone, Copper Mountain, Frisco, Silverthorne or Dillon.

What does this mean?  The tax credit is for two types of buyers, first time home buyers (home buyers who have not owned a home in the past 3 years) or home owners who have lived in their home for 5 of the past 8 years and want to purchase a new primary residence.
Important aspects of the tax credit include:

• Homes must be closed by July 1, 2010, under contract by April 30, 2010.
• Homes must have a value of $800,000 or less and must be the buyer’s primary residence.
• There are income restrictions, $125,000 for singles, $225,000 for couples.
• The credit is also affected by being single or married. Married couples who file together are entitled for up to $8,000 for a first home buyer, up to $6,500 for current homeowners. Single people are entitled for up to $4,000 for a first time home buyer and $3,250 for a current homeowner.
• The credit will need to be repaid if you sell your home within a time period of 36 months.

Leadville is only 30 minutes to Summit County and there is a perfect 3bd/2ba home for Sale for $230,000.  The Summit Stage runs between Copper Mtn. and Leadville for $5, so you don’t have to even worry about the commute.  What are you waiting for now is the time and it is  running out! Contact Leah Baxter,  or  email leah@leahbaxter.com at ReMax in Frisco  to start looking for your new home if you intend on using the tax credit.

Phone direct-970-389-6367

]]> http://blog.leahbaxter.com/2010/03/30/thinking-about-using-tax-credit-toward-buying-a-home-in-summit-county-colorado-act-fast/feed/ 0 http://blog.leahbaxter.com/2010/02/02/2009-sold-statistics-in-on-properties-in-summit-county-colorado/ http://blog.leahbaxter.com/2010/02/02/2009-sold-statistics-in-on-properties-in-summit-county-colorado/#comments Tue, 02 Feb 2010 23:55:32 +0000 lbaxter http://baxter.realty-buzz.com/?p=141

BRECKENRIDGE- The average price of a SF home sold  in Breckenridge was $1.34 million, price per sq. ft. was $327sq ft.  The avg. Sales price for a duplex was $956k  or $325 per sq. ft.. The avg. price of a condo sold was $576k  or $431 per sq. ft.   The avg. price of a Town home was $300k or $409 per sq ft. 

COPPER MOUNTAIN- The average price of  a SF home sold  was $1.5 million or $276 per sq. ft.   The average price of a condo was $504k or $365 per sq. ft. 

FRISCO- The average price of a SF home was $929k or $273 per sq. ft.  The average price of a Duplex was $769k or $248 per sq. ft. The average price of a condo was $448k or $289 a sq. ft.  The average price of a Town home was $1 million or $471 a sq. ft.

KEYSTONE- The average price of  SF home sold was $1.5 million or $352 per sq. ft. The average price for a condo was $500k or $346 per sq. ft.  The avg. price of a Townhome was $1.29 million or $268 per sq. ft. 

SILVERTHORNE/DILLON- The average price of a Single family home sold for $967k or $252 per sq. ft. The average price for a duplex was $638k  or $229 per sq. ft.  The average price of a condo was $332k or $289 per sq. ft.  The average price of a townhouse was $527k or $241 per sq. ft. 
The change of the average sales price from 09 vs 08 are as follows: Breckenridge was -3.2% , Frisco was -5.3%, Copper MT. was +2.8% , Keystone was +5.0% Dillon was -5.1%, Silverthorne and Wildernest were +0.5%.
These statistics were obtained from SAR’s MLS Database.  This information is believed to be accurate, but has not been verified.  Buyers and Sellers are cautioned to verify all information to their own satisfaction. 

If you would like a free Comparable Market Analysis of your property, please email me at leah@leahbaxter.com or call 970-389-6367.

The market in Summit County, Colorado which consists of Breckenridge, Keystone, Copper Mtn., Frisco, Dillon and Silverthorne ended up pretty well last year. 

The most expensive condo to sell in Summit County was $2.4 million. The Most expensive single family home sold for $5.5 million . There were 646 condominiums sold in Summit County with the lowest price of $122,500.

The lowest priced  non-modular home Single family  home sold for $300,000. A total of 324 Single Family homes sold in Summit County.  The average Sold price was $950,000 and the Median Sold Price was $755,000.  The percentage of Asking price was 95.7%.

The total number of residences sold was 1199.  The average sales price was $463,000 and the percentage of asking price was 96.5%.

Please visit my website www.leahbaxter.com or simple go to the MLS and search all properties available in Summit County.  Leah Baxter can be reached at 970-389-6367 for more information.

Have you ever considered Snow shoeing?  It is a great form of exercise and a nice way to take a break from skiing or snowboarding. 

This weekend there are two large events happening in Summit County.  The first one is called the Swift Skedaddle Snowshoe Adventure and is sponsored by the town of Silverthorne.  It consists of a 3K romp and a 10K race.  This event is a United States Snowshoeing Association (USSSA) regional qualifier.  What this means is if you are competitive you may get a chance to compete at a national level.  Now, if you just want to go and have some fun, just do the 3K romp, it is a family friendly event and it will take place at the Raven Golf course.  This event occurs on Sunday, Jan, 2009.

The other event that is happening is also on Sunday and begins at the Gold Run Nordic Center in Breckenridge.  The course goes between Breckenridge and Frisco and follows the Recreation path.  You will have a choice of either snowshoeing or Cross-country skiing. The event is sponsored by Friends of the  Dillon Ranger District.   They encourage everyone to wear costumes and have a good time!  When you reach the finish line they will have prizes, food and beverages.    This event is called Tour of the Summit, it is a snowshoe and x-country fun festival. Should be a lot of fun!

Currently, there are 1648 properties on the market in Summit County.  These include Condos, Town Homes, Duplexes and Single Family homes.  The least expensive property is $114,900 which is a modular home, and the most expensive home is a single family home for $5,995,000 in Breckenridge. 

Summit County is still a bargain for a resort area considering that the highest priced property in Vail is $19,200,000 for a little over 6500 square feet.  The highest priced property in Aspen is $60 million dollars!!!  So don’t wait too long to buy your resort property.  Even though our inventory levels are up, the prices are still steady. What happens now that winter is coming, many homeowners will take their properties off of the market and rent them during the winter and then raise the price next spring.  So if you want to get that special piece of property, don’t wait!  Contact Leah at 970-389-6367 or email me at leah@leahbaxter.com. . 

Summertime in the Rockies has finally arrived!  The snow has melted and the Dillon reservoir has thawed.  The marinas are open for sailing, motor boats, pontoons, kayaking.  So what are you waiting for?  Come on up to the mountains and enjoy the summer time.  Frisco is hosting Run the Rockies this weekend , it is a Half Marathon which is 75% downhill and the Ten Mile Creek 10K is 100% downhill. Both start at Copper Mountain and finish in downtown Frisco!!

Next weekend is the The Annual Colorado Barbecue on Frisco’s main Street.The Frisco BBQ Challenge has something for everyone from live entertainment to pig races and is open to the public. So plan your vacation for a summer getaway that will create memories for a lifetime.

If you are interested in a property in Frisco, I have a great Frisco, Colorado duplex for sale located 2 blocks off of Main street.  Avoid the I-70 traffic and relax over the summer.  If you are interested in buying any other properties in Summit County, I would be happy to help you with that.  Contact Leah at 970-389-6367.

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.