Breckenridge Summit County real estate blog, Colorado news

In November, the Summit County will ask for a property tax increase of approximately $11 for each $100,000 of property value, meaning a $600,000 home would have an extra $66 added to its tax bill.

The county wants to raise $5.9 million a year to create a fund for wildfire prevention, as well as to protect open spaces and expand affordable housing programs.

Part of the county’s reasoning is that fuel costs, materials for roads and health insurance for employees is skyrocketing. If approved, the new tax increase would start in 2010, end in 2022, and replace a mill levy that currently brings in approximately $3 million a year for open space. The county hasn’t asked for a tax increase since 1992.

Provided real estate Breckenridge

Tags: property tax

Greetings All:

Attached you will find the summary of the Year to Date 2008 Sales Statistics. 2007 Statistics are included as well for comparison. This information is generated utilizing data from the Summit County Government website and includes For Sale By Owner transactions. Read more »

Tags: market, statistics, Summit County, Summit county real estate

Not only is Frisco’s Main Street going to look better, but it has also led to a historic high sale in real estate.

Mike Hilbert, a developer in Denver, bought the dated Frisco Mall for $3.16 million — a record. He also purchased the adjoining lots, between Fourth and Fifth Avenues on Main Street, for $1.4 million.

He wants to upgrade facades on the building and may add condos (proposed sales price: $400,000-$700,000) above the commercial space, as many developers are doing on Main Street. But scarce parking and overall cost may foil his plans.

The businesses in the space Hilbert purchased plan on staying, since sales are good there.

Tags: Frisco, Main Street, real estate

Copper  Mountain wants to develop its base area more, but the county commissioners are slowing progress by not deciding one way or the other. Another hearing will be held at 1:30 p.m. Tuesday at Mountain Plaza at Copper.

Commissioners are mainly concerned that there won’t be enough parking after Copper Mountain develops 420 more units. Resort officials said Copper might talk about building a parking structure in the future to solve the problem. Questions over how development would affect recpath construction from Copper toward Fremont Pass also raised concerns.

Copper Mountain real estate

Tags: construction, Copper Mountain, Copper Mountain real estate, development

For many years, Copper Mountain has approached county commissioners with redevelopment plans, only to be sent back to the drawing board. Now, it’s back at the table again.

Copper will ask the county for permission to redevelop its base area. The new plan calls for several hundred new units. Tuesday, July 29 at 1:30 p.m. at the county courthouse, a public hearing will be held.

Copper wants to build a new hotel, get rid of parking on Copper Road, add open space and restore wetlands. Officials plan to use money generated from new development to improve trials and wetlands at Copper. Some Copper residents are concerned about their mountain views being blocked by new buildings.
For more information, visit www.co.summit.co.us/Planning/index.htm

and click “current planning.”

Provided Real estate in Copper Mountain

Tags: Copper Mountain real estate, real estate

No, it’s not the Water Tower Place of Chicago, but it will make Frisco look a little more posh.

Developers are scraping an old, ugly shopping strip on Summit Boulevard and Granite Street in order to build Water Tower Place.

The complex will include five buildings that comprise 42 residences, as well as commercial space of 14,000 square feet. The two- and three-bedroom condos are expected to sell for $600,000 to $900,000. As part of the building deal, developers will dedicate eight affordable housing units for locals.

It also will be the town’s first green building, certified by Green Globe Standard. Construction should start at the end of July. A new road will connect Granite Street to 8th Avenue.

Provided by Breckenridge real estate

Tags: condos, construction, Frisco, Water tower place

OK. The bad news first: Compared to the first five months of 2007, the first five months in 2008’s total Summit County real estate sales has decreased 22% from:

$556,504,300 in 2007 to

$435,302,900 in 2008.

(In 2006, the total year-to-date sales were: $518,502,100, also higher than 2008).

In January, 2008, the total property sales was $85,497,600, down about $2,500,000.

In February, 2008, it took a big hit at $64,539,900, down $23,800,000.

March didn’t fair as poorly, at $95,396,600, only down about $3,000,000.

April and May took another dive, coming in at the $94,000,000 and $95,000,000 range — a difference from April, 2007, of about $39,670,800 and from May, 2007, of about $63,000,000.

Though this sounds like very bad news, it has to be taken in the context of a larger picture. Yes, the number of sales is down compared to this time last year. That means Summit County is starting to see the slowdown that the rest of the nation has experienced for awhile. However, on the positive side, Summit County real estate is still showing strength in terms of its average single-family home price.

From January through May, 2008, the average single-family home price was Read more »

Tags: homes, price, property, ski, statistics, Summit County, Summit county real estate

“What are property values doing in Summit County?” That’s the question people I meet today ask the most.

Both visitors and locals are curious about how the real estate market in Summit County is, since, overall, the U.S. market has been dragging for a while. Read more »

Tags: condos, Dillon, Frisco, homes, market, property, Silverthorne, ski resort, Summit County, Summit county real estate

People plan their vacations according to the Summit County Builder’s Association Parade of Homes. This year, it will showcase 26 homes, ranging in price from the $700,000s to $4 million. Many of the homes feature green-built techniques, including active and passive solar. Some of the homes are over-the-top, with a stone waterfall in one of the master bathrooms and Summit County’s only cornerless NanaWall.

Tickets are $10, except on Sept 28, when seniors save $2. All proceeds go to a good cause — The Summit Foundation, which helps nonprofits throughout the county. Last year, 3,666 people walked through the homes in Breckenridge Co real estate, Copper, Keystone and Silverthorne.

Tags: Breckenridge, homes, Keystone, price, real estate, Silverthorne, Summit County