Archive for the 'Summit county real estate' Category

November 2009 Real Estate Market Analysis from Summit County

Attached, you will find the Land Title Guarantee Company November 2009 Market Analysis from Summit County , you will find the Land Title Guarantee Company November 2009 Market Analysis from Summit County.  There are 9 PDF files

·         Summit County 2004-2005-2006-2007-2008-2009 Graph Comparison

·         Cost Breakdown, November 2009 for Residential Improved Units (New Construction, Resales and September Gross Residential Price Index and YTD Gross Residential Price Index), also shows Full Year 2008, 2007 and 2006 Gross Residential Price Index with # of transactions, total volume and average price

·         Cost Breakdown for Residential Improved Units YTD (2009,11 months) and the Cost Breakdown YTD from 2007 and 2008 for comparison

·         Market Analysis % Change from 2004, 2005, 2006, 2007, 2008 & 2009

·         Market Analysis by Area for the month of November 2009: On the Summit County real estate Market Analysis by Area report please note the   color coded system;

* Green Text indicates an increase from the previous month’s value.

·         Black Text indicates the value is the same or not applicable from the previous month’s value.

·         Red Text indicates a decrease from the previous month’s value.

·         Colored text is not used  for % Calculations – all of those columns will remain black
·         Price per Square Foot (PPSF) was also added to the last column.
·         Market Analysis by Area YTD ( 11 Months) 2009
·         Summit County Average Price Chart YTD comparing 2006, 2007, 2008 & 2009
·         Top Lenders’ Graph (Loan Breakdown- Refi’s, Timeshares and Cash Deals)
·         Top Lenders’ Summary for November

·         Please note that Land Title data comes from actual recorded transactions at the County Clerk and Recorder’s Office for that particular month.  The information is not directly related to Summit County MLS data. The data is an unofficial tabulation of Summit County real estate Records that are believed to be reasonably accurate.

3 Bed 3.5 Bath Eagles Nest Golf Course Sub Home $1,195,500

Three Peaks Subdivision 3 Bed 3.5 Bath Eagles Nest Golf Course Sub Home $1,195,500Handmade prime home with 3 bedrooms 3.5 bathrooms with unparalleled European design, one of a kind in all Summit County. Every single detail is custom-made. You will love beautiful views from spacious deck. Individual waterfall, 3 walk-out terraces, fire pit, family room, study. Golf course is a short walk away from the home.You will be astonished by the splendour of this home. Bonus – video with all construction process – see the nascency of your lovely home. Read more »

Passage Point condo in Copper Mountain, 1 bedroom, 2 baths offered at $385,000

Passage Point condo Passage Point condo in Copper Mountain, 1 bedroom, 2 baths offered at $385,000Great rental unit! One bedroom condo plus a den and two bathrooms. It comfortably sleeps 6 people. Offered in Coper mountain real estate, located within a short walking distance to the ski slopes in the Village at Copper ( Copper Mountain ski in ski out  condos). Offered fully furnished. Double french doors lead you to the private deck where you can enjoy Read more »

Rolling Ridge Townhomes Great investment, rental or vacation/second home! $575,000 Silverthorne Colorado

Rolling Ridge Townhomes Silverthorne Rolling Ridge Townhomes Great investment, rental or vacation/second home! $575,000 Silverthorne ColoradoThis new townhome with lake and mountain views is a great investment, rental or vacation/second Summit County home. It has 4 master suites 4.5 baths (Living area:     2147.00 SqFt)  spacious living area with gas fireplace, and oversized one car garage. The finishes are gorgeous – knotty alder cabinets, hardwood, slate, tile and carpet floors, granite countertops, stainless steel appliances. Each bedroom has a bathroom. Vaulted ceilings. Spacious living Read more »

Second Quarter 2009 Summit County Sales statistics

Attached please find the Second Quarter 2009 Summit County Sales statistics. This has been, and continues to be, a difficult and challenging real estate market; however, the attached report shows numerous bright spots in an otherwise marginal quarter.

Overall transactions are up 35.37% and overall consideration is up 43.51% indicating average sales prices are up.

Single Family Home sales are up significantly in the Silverthorne-Dillon and Breckenridge areas and Condominium sales remaining strong in Breckenridge and Keystone.


Quick Stats Quarter to Quarter Analysis
Transactions Second Quarter 2009 vs. First Quarter 2009                                
Property Segment
Area Single Family   Duplex/Triplex  Condominium     Townhouse       Commercial      Vacant Land     Misc    Area Totals    
Breckenridge – Blue River       ?       NC      ?       ?       ?       ?       ?             ?
Copper Mountain Area    ?       NC      ?       ?       NC      NC      NC            ?
Frisco  NC      ?       ?       ?       ?       NC      NC            ?
Keystone Area   ?       NC      ?       NC      NC      ?       NC            NC       
Silverthorne – Dillon   ?       ?       ?       ?       ?       ?       NC            ?


Dollars Second Quarter 2009 vs. First Quarter 2009
Property Segment
Area Single Family   Duplex/Triplex  Condominium     Townhouse       Commercial      Vacant Land     Misc    Area Totals    
Breckenridge – Blue River       ?       ?       ?       ?       ?       ?       ?             ?
Copper Mountain Area    ?       NC      ?       ?       NC      NC      NC            ?
Frisco  ?       ?       ?       ?       ?       ?       NC            ?
Keystone Area   ?       NC      ?       NC      NC      ?       NC            ?
Silverthorne – Dillon   ?       ?       ?       ?       ?       ?       NC            ?

?= Transactions Up                                                     
?= Transactions Down                    This information is provided   
NC= No Change                           by Chris Belby with    
Title Company of the Rockies   
Totals Q2 vs. Q1 Transactions   35.37%  increase over Q1

Total Dollars   43.51%  increase over Q1

provided by Title Company of the Rockies – Summit County Sales Statistics 2009

235 South Ridge Street, Breckenridge CO 80424

Phone: 970-453-6120|Fax: 970-453-9077

June 2009 Real Estate Market Analysis Summit County

Land Title Guarantee Company June 2009 Market Analysis

Attached, you will find the Land Title Guarantee Company June 2009 Market Analysis from Summit County.

·         Summit County 2004-2005-2006-2007-2008-2009 Graph Comparison

·         Cost Breakdown, June 2009 for Residential Improved Units (New Construction, Resales and June Gross Residential Price Index and YTD Gross Residential Price Index), also shows Full Year 2008, 2007 and 2006 Gross Residential Price Index with # of transactions, total volume and average price

·         Cost Breakdown for Residential Improved Units YTD (2009, 6 months) and the Cost Breakdown YTD from 2007 and 2008 for comparison

·         Market Analysis % Change from 2004, 2005, 2006, 2007, 2008 & 2009

·         Market Analysis by Area for the month of June 2009: On the Market Analysis by Area report we have added a color coded system;

* Green Text indicates an increase from the previous month’s value.

·         Black Text indicates the value is the same or not applicable from the previous month’s value.

·         Red Text indicates a decrease from the previous month’s value.

·         Colored text is not used  for % Calculations – all of those columns will remain black

·         Price per Square Foot (PPSF) was added last month on the far right.

·         Market Analysis by Area YTD ( 6 Months) 2009

·         Summit County Residential Price Index YTD comparing 2006, 2007, 2008 & 2009

·         Top Lenders’ Graph (Loan Breakdown- Refi’s, Timeshares and Cash Deals)

·         Top Lenders’ Summary for June

Summary Highlights:

-80 transactions in June with a total of $34,049,300 monetary volume, down from June 2008 63% down monetary volume and 48% with number of transactions.

-1st half of the year: Breckenridge holds 29% $ transactions and 21% # of transactions, Keystone holds 10% $ transactions and 12% # transactions and Silverthorne holds 11% $ transactions and 10% # transactions.

-Single Family YTD in Summit County exceeds the past 3 years at $897,362.

-Cash sales still hold strong at 44% in June.

-The most active price points in June were in the $200,000-$400,000 range.

·         Please note that Land Title data comes from actual recorded transactions at the County Clerk and Recorder’s Office for that particular month.  The information is not directly related to MLS data. The data is an unofficial tabulation of Summit County Records that are believed to be reasonably accurate.

Carbon monoxide detectors are required effective July 1, 2009

Kidde Battery operated Voice alert Carbon Monoxide and Smoke Alarm Carbon monoxide detectors are required effective July 1, 2009Homeowners and homebuilders in Colorado will be required to install carbon monoxide detectors in new, rented, remodeled and offered for sale single family homes and multi-family residences under a new bill signed by Governor Bill Ritter on Tuesday afternoon, March 24, 2009, at Denver Fire Station No. 10. The detectors shall be installed within fifteen feet of the entry to each room used for sleeping or in locations specified by any applicable building code.

Read more »

April 2009 Resort Real Estate Index by County from Eagle, Garfield, Pitkin, Routt and Summit Counties

You will find seven worksheets within this spreadsheet:

1) Gross Volume for New Construction-The % Gross number compares the YTD Gross Volume of New Construction to the Full Year YTD Gross Overall Volume for 2008 and 2007.  It does not compare the number of sales – rather the total sales volume in these categories.

2) Gross Number of Transactions- YTD 2009, Full YTD 2008 and Full Year 2007.

3) Single Family Housing Index-Average Single Family Home YTD 2009, Full Year 2008 and Full Year of 2007.

4) Multi- Family Housing Index-Average Multi Family Home YTD 2009, Fully Year 2008 and Full Year 2007.

5) Residential Price Per Square Foot by Type-Single Family and Multi Family for 2009.

6) Of Interest Tab-Median Single Family Home Price Index 2008 YTD vs. 2007, Median Single Family Home Price Summary 2008 vs. 2007 Three Year History, YTD 2009 through 2006 Recorded Sales Transactions that show the seller as a bank or other Lending Institution, New Construction Sales Summary YTD 2009 through 2006 and Residential Unit Distribution by Price Point 2007 Assessment of Actual Value.


7) Monthly Gross Volume Transaction Comparison- Shows the Monthly Gross Volume Comparison Transactions for each county through April 2009. It also shows the Gross Transaction Report Summary Full Years 2008 (and YTD same time for 2008), 2007, 2006, 2005 and 2004.


Additionally:

“The USA Today/IHS Global insight Economic Outlook Index shows increasing evidence that the recession is easing and is likely to end in September with a mild recovery starting in October. The Index predicts future Gross Domestic Product (GDP) growth.” 6-11-09

Information by:  Land Title Guarantee Company


Real estate in Colorado

How to sell a home in today’s market

Right now, it’s a buyer’s market throughout the nation, and Summit County Colorado real estate is no exception. That’s good for buyers, but when it comes to the seller’s point of view, homeowners need to keep an open mind when pricing and negotiating the sale of their property.

The most important thing for both sellers and buyers to remember when writing and compromising on a contract is that everyone has the same goal: To come to an agreement to move the title of the home from the seller’s name into the buyer’s name.

The best way to create an uncomplicated, easy closing is for both parties to remain flexible and stay calm. When emotion enters the picture, sellers sometimes forget their ultimate goal: to sell their home.

When a buyer comes in with a much lower offer than a seller was expecting, it’s important to Read more »

Summit County Co real estate market 2009

Sellers are finally understanding that they’re not going to get top dollar for their homes, and more properties are coming on the Summit County Co real estate market as spring approaches. As a result, buyers can find undervalued homes – and savvy investors are doing just that. Sellers, don’t worry: If you’re considering selling your property, it’s not all bad news either. March was the best month for home sales and prices in 2009 Summit County real estate records so far.

Summit County had 71 closings, for a total of $37,878,500. This compares to the 55 homes that sold (for a total of about $2.7 million) in February and 54 transactions completed in January (totaling $3.2 million). And, there are still plenty of people out there with enough money on hand: 42% of March buyers paid for their property in cash!

A snapshot of the Summit County real estate records: Though the market is recovering, it is still lagging behind last year’s statistics. From January through March of this year, the number of sales are down 56% compared to the same time last year. Monetary volume has declined by 60%. In March, 2009, Summit County condos sold the best, with 36 closings. The average price resale price of the condos was $380,735. Newly built condos sold for an average price of $689,500.

Twenty single family Summit County homes closed in March. The average resale price was $653,108, and the average new home price was $876,643. What’s selling best: Homes (which include both single and multi family) priced between $500,000 to $600,000 and between $300,000 to $400,000 saw the most action in March, with 11 sales each (a total of 22).

The second best-selling category were condos priced between $200,000 to $300,000. Homes below $1 million sold for about 94% of list price. Luxury snapshot: Overall, homes below $1 million sold more than homes price above $1 million; 5 homes sold between the $1 million and $2 million range, and none sold for over $2 million. Those that did sell went for about 90% of what sellers asked.

This trend has held steady throughout 2009, with the highest number of sales coming from the $300,000 to $400,000 price point (34 closings, since January 1). However, 14 homes between $1 million and $1.5 million have sold, so if you’re thinking of selling your luxury homes, don’t despair – there is still a market. In March, 6 lots sold, with an average price of $375,412.

More Summit County real estate records market news: Breckenridge is still seeing the most number of sales, followed by Keystone. And, it may be a perfect time to buy in Breckenridge, as the average transaction price in March showed a decrease, to $447,091 in town and $620,000 on Peak 7. The Highlands Subdivision, and, generally speaking, studio and one-bedroom condos are showing weakness. But, it doesn’t seem as though this trend will last long, as most prices throughout Summit County, including the Breckenridge Golf Course homes, showed an increase in March.

Two-bedroom Breckenridge condos are showing strength, as are ski-in, ski-out properties priced under $900,000. In March, Wells Fargo granted the most mortgages to buyers, with US Bank following. As of April 7, 2009, there were 2,089 Summit County listings in the MLS, compared to 1,256 around the same time last year. This spring break, more buyers have been showing interest in Summit County real estate, compared to February and early March, when traffic was slower and the ski areas weren’t receiving as much snow as they did in April.

Low interest rates are also motivating buyers. The Mortgage Bankers Association predicted refinancing may reach $2.787 trillion this year, which is $800 billion more than it originally estimated. And, Colorado is still poised for growth. In fact, Denver made Forbes magazine’s top 10 list of cities that Americans are relocating to, and anyone who has taken a look at Interstate 70 on the weekends can tell you that Front Rangers love spending weekends in the mountains.

Breckenridge Commercial Real Estate

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