Archive for October, 2008

Voting to support I-70

interstate i 70 Voting to support I 70This November, voters in Colorado will decide if water projects and the health of the forest should come first, or if improvements to Interstate I-70 should.

Amendment 52 calls for diverting up to $90 million in taxes from drilling and mining activities from funding water projects and forest health to contributing to highway upgrades

Breckenridge Events, Activities October 30 – November 5

Thursday, October 30

(s) Arts Alibrve Presents: Colorado Colors – 11am-5pm at 500 South Main Street (La Cima Mall). Summit County’s only local co-op Gallery celebrates autumn with a new show, Colorado Colors. Featured artists of the month include Cat Roberts, watercolorist. 970 453-0450 for more info.

(h) Breckenridge Heritage Alliance Sites and Tours – Visit the Read more »

Properties still going up in mountain towns, but economic problems cause impacts

breckenridge homes for sale Properties still going up in mountain towns, but economic problems cause impactsThough the average price of homes from Steamboat to Vail to Summit increased in the summer of 2008, buyers are looking for bargains, and developers are a little skittish.
People who have cash to pay for properties are asking for price reductions in Steamboat Springs — and sellers are agreeing because they’re worried about other buyers’ abilities to  secure mortgages. Read more »

Sales on national scale look better

Lower prices and better interest rates are beginning to appeal to home buyers nationwide.

On Oct. 8, the National Association of Realtors reported that sales contracts in August increased by 7.4% from July, to 93.4%. The surge in sales nationwide is even greater than last August (2007), when it was at 85.8%. This marks the highest Pending Home Sales Index since June 2007.

(The index represents approximately 20% of signed contracts on homes that haven’t yet closed. When the index measures 100, it equals the average activity throughout 2001, which was when the index began.)

In the Western United States, the home sales index jumped 18.4% in August, and it is 37.8% higher than it was a year ago.

The West saw the largest growth in the Pending Home Sales Index, compared to an 8.4% increase in the Northeast, 3.6% in the Midwest and 2.3 % increase in the South.

This indicates that investing in the Western portion of the United States is a smart move, and since Summit County has not seen a decrease in sales price (but rather an increase), it’s wise to look into real estate in the area.

Forecasters predict that sales will grow by 2-3% in 2009, following the national slump in 2008 or 5-8%. They also predict a 30-year mortgage will have about a 6.1% interest rate at the end of the year and increase slowly to 6.6%.
Summit County Colorado real estate listings MLS search

Beetle kill wood more available for construction

Confluence Energy and Colorado Blue Logs LLC are partnering to salvage pine lumber from beetle kill. They plan to build a 6,000-square-foot building to house the lumber starting in January, and hope to open in April.
Colorado Blue Logs plans to build smaller, affordable homes for some of its 20 to 25 employees with the wood.
Breckenridge realty

Hydrant inspection may affect homeowner insurance

Federal inspectors will rate the Lake Dillon Fire Rescue’s communication systems, firefighting operations and department protocol at the end of September.
If the evaluations come in lower, or higher, than the last inspection in 1999, homeowners’ insurance premiums are usually affected. In 1999, home inspectors of the Insurance Service Office gave the fire district a weak rating, which is common in smaller communities with high fire danger. However, Lake Dillon has improved its response time significantly since 1999. Once the evaluation is done, it can take a couple months to find out how the score will affect premiums.

Real estate Breckenridge

Custom Home 159 Spalding Terrace Breckenridge


159 spalding terrace breckenridge Custom Home 159 Spalding Terrace Breckenridge


Sun, views and privacy make up the setting for this beautifully detailed custom home for a longtime local family. Owner and architect Robert Dickson, principal of Equinox Architecture, along with builder Level One Building Company, Inc. and a team of talented craftsmen, have created an exciting and artistic home. As with all Equinox Architecture projects, the inspiration for this floor plan is Read more »

Breckenridge Events Activities October 23-29

Thursday, October 23
(s) Arts Alive Presents:  Colorado Colors – 11am-5pm at 500 South Main Street (La Cima Mall).  Summit County’s only local co-op Gallery celebrates autumn with a new show, Colorado Colors.  Featured artists of the month include Cat Roberts, watercolorist.  970 453-0450 for more info. Read more »

More August sales details in Summit County

Homes ranging in price from $700,001 to $800,000 and those ranging from just over $1 million to $1.5 million saw the highest percentage gross of sales in August in Summit County, with 14 homes and 8 homes sold, respectively (13%).

Homes ranging from $300,001 to $400,000 and those in the $800,001 to $900,000 category had the second highest percentage gross, at 12%.

Eight new construction single family homes sold at Read more »

September 2008 Real Estate Market Analysis from Summit County

summit county real estate statistics1  September 2008 Real Estate Market Analysis from Summit CountyAttached, you will find the Land Title Guarantee Company September 2008 Real Estate Market Analysis from Summit County.  There are 9 separate worksheets within this spreadsheet. You must use the tabs located on the left hand side of the spreadsheet to view all the worksheets.

  • v     Summit County 2004-2005-2006-2007-2008 Graph Comparison
  1. v     Cost Breakdown, September 2008 (New Construction, Resales and Gross Residential Price Index,  2008 Year to Read more »

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