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One Ski Hill Place Penthouse 8504 at $1,475,000

ONE SKI HILL PLACE.2 230x124 Condo Sales Up 33% in Summit County, Colorado                                            Great investment & ski in ski out rental/vacation home residence with impressive views of the Continental Divide. Convenient floor plan, spacious deck, finest finishes. Unique amenities – Aquatics Center with two swimming pools & hot tub, two-lane bowling alley, two movie lounges, a full-service skier restaurant, cafe & lounge, lively

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The Cottages at Shock Hill Breckenridge

the cottages at shock hill breckenridge1 Condo Sales Up 33% in Summit County, Colorado                                            The Cottages at Shock Hill is luxurious real estate properties within a couple minutes walk to the private Gondola Station in Shock Hill neighborhood. These incredible homes feature exquisite finishes, superb ski in ski out location, and nearby Nordic trails. These exceptional homes are located in one of the most prestigious Breckenridge neighborhoods –

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Condo Sales Up 33% in Summit County, Colorado

The Market: Sold Properties YTD – Up plus 12%, Under Contract Properties – Up 18.5% and Current Inventory – Down minus 16.5%.

Last Week: Under Contract activity – Up 47%, Sold Activity – Up 27% and New Listing Activity did surge but still fell short by about minus 15%.

Sales by Price Range: Under $500,000 sales are showing a plus 17% improvement, Sales Between $500,000 & $1,000,000 are down minus 1.5% and sales over $1,000,000 are improving by plus 30%.

Interesting that in the same price ranges the average sold price is down minus 3.3% in the under $500,000, down minus 1.5% in the $500,000 to $1,000,000 and up plus 1.3% in the over $1,000,000.

Where are the sales occurring: The South Side of the County is up plus 23% in the number of sales and up 1.4% in average sold price. And, the North Side of the County is up plus 4.5% in the number of sales and down minus 7.7% in average sold price.

Another interesting tid bit: The average list price of the properties for sale today is the same as the average list price last year at this time for the county as well as the South Side and North Side.

In the link below you will find reports on condominium sales so far this year (2013 YTD) as compared to the years 2001 through 2012 for Summit County as well as by each town. It is 7 Pages, one for each town. If there were enough sales to perform an average then there is also a comparison of the 1, 2 and 3 bedroom condominium average sold prices for this year.

Condo sales are up county wide plus 33% with a plus 42% improvement in Breckenridge, a plus 44% improvement in Keystone and plus 83% in Copper Mountain!

Summit County Resort Real Estate Update

The Market: Sales are up 15.5% and average sold prices are down -3.5%. Pending (properties under contract) activity is up 5%. Last year at this time sales were up 3%, average sold prices were down -2.5% and the pending activity was up 30%.

 

Sales: Through May 5th sales are up 15.5% countywide. The properties are selling after being on the market for an average of 323 days and last year at this time it took an average of 403 days. The North Side of the county is up 8% for the number of sales and the South Side is up 27% (wow).
Price: Countywide the average sold price is down -3.5% and properties are selling at 95% of their list price and 91% of their original list price; which shows that a little bit of a price adjustment is still needed to help a property sell today. The South Side of the county is down -1% for their average sold price. Interesting though is that if we remove the project sales, that had their prices adjusted downward substantially earlier this year and yet where still very high priced, the average sold price in the South Side of the county would be down -7%. The North Side is witnessing the largest downward movement with their average sold price down -9%.
Weekly Activity: Last week was a tremendous week for closings with a surge of 83% over the same week last year! The under contract activity is up 5 properties for a 22% improvement and the new properties coming on the market is up 33%.
What’s out there now? Well the county has -13% fewer properties to choose from and those properties are listed about -2% less than the properties for sale last year at this time. Interesting to note that the average list price of the properties that are currently under contract is -20% below the average list price of the properties for sale that are not under contract.
Fewer properties for sale. More properties selling. Prices lower and interest rates at record lows…what more can one ask for?
By the way, as of the end of April RE/MAX Properties of the Summit is number one in Summit County as well as in most all the local towns. See all the towns where we are number one on a slide show online here http://www.luckymountainhome.com/  .  In fact, here is one location where we (Resort Real Estate) are really leading the pack…

 

 

Have a great week.

Spring Skiing

Spring is one of the best times of the year for skiing and snowboarding in Summit County. Storms saturated with moisture dump 10” of snow one day, and the next you’ll find blue skies and temperatures in the 50s. To celebrate spring and the end of the ski season each resort hosts a variety of events including concerts, beer festivals and pond skimming. Breckenridge’s “Spring Fever” runs from March 17 to April 14 and includes concerts from The Mighty Mighty Bosstone, The Dirty Heads and Matisyahu. Over at Keystone spring skiers can enjoy pond skimming and a live concert from Robert Randolph. And Copper Mountain’s Sunsation festival on closing weekend includes live music and a floating rail jam. Make sure to load up on sunscreen, grab your light weight coat and get to Summit County for some spring skiing!

Closing Dates:
Breckenridge: April 14th
Copper Mountain: April 14th
Keystone: April 7th

 

On March first there were 1,405 active properties in Summit County (including residential and land listings), a substantial decrease compared to March 2009 when 1,928 properties were available. Single–Family listings shrunk to 309 active properties and Multi–Family residences dropped to 748 active properties.

March 2013 Summit County Resort Real Estate Update

The local market is moving along at about the same pace as it was last year at this time. The number of properties that have sold are down as is the average sold price – not much, but down. The number of active listings remains lower this year by about 10%.

So, for the first two months of 2013 the number of sales are down by only a few sales and Read more »

Summit County News, Opening Day

The orange, yellow and red colors began to pop during August, and the first bit of snow dusted the peaks of the Ten Mile Range in the middle of September. Next, we started to notice frost on the ground every morning followed by the aroma of wood burning stoves during crisp evenings. Each of these events have been leading up to what Locals call their favorite day of the year Opening Day! Read more »

The Shores at Breckenridge Colorado

The Shores at Breckenridge offers the rare opportunity to live on The Blue River while being only minutes from Breckenridge Main Street and the ski mountain.

The Shores at Breckenridge The Shores at Breckenridge ColoradoYour home’s perfection is revealed in the details like warm oak, brushed nickel and chiseled stone. All at the finest levels, enhancing all of the comforts. Everything you see and touch gives your life fuller meaning.

The first phase of 12 homes is sold out, but, there are 46 uniquely designed private residences and lots for you to choose from in The Shores at Breckenridge. Read more »

Resort Real Estate Update August 2012

The peak selling time is here for Resort Real Estate in Summit County – Resort prices are down a bit, up a bit and/or flat – definite signs of bottoming out. The selection of available properties is good for buyers to select that right property and low enough that sellers have a really good opportunity to sell their property before ski season.
Interest rates are still at record lows offering buyers a little more buying power and sellers more buyers that can qualify for their property. Know of anyone interested in taking advantage of this unique situation?
Here is a bit of our market as of the end of July for condominiums and homes in Breckenridge, Frisco, Keystone, Copper, Dillon, Silverthorne and Copper as well as all of Summit County:
Home Sales
Condo Sales
Please pass on this information to anyone you feel may find it useful and for questions, more information – think Natasha for all your Summit County needs.
Natasha Bassova 970 – 389-8899
Realtor, Manager, Owner
Resort Real Estate, Summit County Colorado

Summit County Parade of Homes 2012

PRESENTED BY THE SUMMIT COUNTY BUILDERS ASSOCIATION
THE OFFICIAL GUIDE

Here’s your opportunity to preview and plan your tour of the Summit County, Colorado 2012 Parade of Homes. Click on the photo to see 20 magnificent Summit County homes. The Parade of Homes will be held on September 22, 23, 29 & 30 in the beautiful mountain communities of Breckenridge, Keystone, Frisco, Dillon, Silverthorne and Copper Mountain. Fall is colorful time of year in the mountains and a great time to tour the Summit County Parade of Homes.

Summit County, Colorado
PARADEOF HOMES

2012 Summit County Colorado parade of homes program

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Independence Day Celebration Breckenridge Colorado

The Fourth of July traditionally is the highlight of summer in Summit County! Every year each community features events including parades, bike races, trail runs, fireworks, BBQs and more. In Breckenridge spectators can enjoy the traditional Fourth of July parade down Main Street, which incorporates the start of the annual Firecracker 50 mountain bike race, and fireworks over Maggie Pond. Read more »

Summit County Golf

With an average of 300 inches of snow, bluebird days and legendary ski resorts, Summit County winters tend to be the focus for many visitors. However, an often overlooked facet of our high alpine environment are the incredible summers, in particular our award-winning golf courses. Daily highs in the 70s, close to zero humidity and nearly 100 holes of golf in the area make Summit County a golfer’s haven. Located in Breckenridge you’ll find the 27-hole Breckenridge Golf Club designed by Jack Nicklaus.
Just over Swan Mountain Pass you can choose between Keystone’s links-style Ranch Course designed by Robert Trent Jones Jr. and the Hurdzan-Fry designed River Course. The north end of the county offers another 36 holes, including 18 at the Copper Creek course located within Copper Mountain and 18 at the Raven Golf Club at Three Peaks just north of Silverthorne.

Opening Dates:
Breckenridge: Open              Keystone: Open
Copper Creek: June 19          The Raven: Open



Closing prices

Areas around the country have seen dramatic declines in the closing price as a percentage of the asking price. However, in Summit County buyers and sellers continue to find common ground. In 2012 properties have closed at an average of 87% of the original asking price.

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