Featured Post
“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.
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Featured Post
In August 2007, a Breckenridge home sold for $5.5 million, breaking all previous high sales prices. People wondered if it might be a fluke, but it turns out that even in this rather shaky economy, fetching $5.5 million or more for a Summit County real estate property isn’t unrealistic.
On July 15, 2008, another Breckenridge real estate transaction made history with a sale of $5,550,000.
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Posted by Natasha on November 20, 2008
under Breckenridge real estate
It wasn’t a surprise that Blue River residents denied a ballot item that aimed to take away the cap on property taxes, since there wasn’t much support going into it. Seventy-nine people voted for it, while 351 voted against.
Blue River property taxes are used partially for roads and to police the town. Of the town’s $711,929 budget, about 2/3 of it originates from property taxes; the measure would have given the town about $33,800 in 2009. Voters against the ballot issue said the measure would have increased property bills by a minimum of $41.
Allyn Mosher, town treasurer, told the Summit Daily News that the denial won’t affect 2009’s budget, but it may cause a big problem in the future.
Tags: Breckenridge real estate
Posted by Natasha on November 18, 2008
under Breckenridge real estate
BUILDER: DEVIGNE DEVELOP ING, INC.
DESCRIPTION:
This distinctive home, constructed by Devigne Developing, Inc., which also played an integral role in its design, is located in the prestigious Jack Nicholas designed Read more »
Tags: Breckenridge real estate, Summit County parade of homes
Posted by Natasha on November 17, 2008
under Summit county real estate
Intrawest, which owns Copper Mountain, narrowly avoided bankruptcy by refinancing a $1.7 billion loan Oct. 23. CEO Bill Jensen said it was challenging to get a new loan with the state of the credit market. The loan terms the company got will cost more, which may cause stress on Intrawest’s financials, creating possible declines in capital investments or services.
Posted by Natasha on November 17, 2008
under Featured Posts, Summit county real estate statistics
Attached, you will find the Land Title Guarantee Company October 2008 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.
* Summit County 2004-2005-2006-2007-2008 Graph Comparison
* Cost Breakdown, October 2008 (New Construction, Resales and Gross
Residential Price Index, 2008 Year to Date Gross Residential Price
Index) Read more »
Tags: market, statistics
Posted by Natasha on November 15, 2008
under Summit county real estate statistics
Routt County is known for Steamboat Ski Area. It’s only about 90 miles from Silverthorne, but it’s a long 90-mile drive, over a pass called Rabbit Ears, which is prone to closing during winter storms. In the past, Steamboat property was less expensive than Summit County realty, but it has quickly caught up — and even surpassed Summit — especially now Read more »
Tags: market, statistics
Posted by Natasha on November 14, 2008
under Breckenridge news/events
Thursday, November 13
(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.
(h) Breckenridge Heritage Alliance Sites and Tours – Visit the Read more »
Tags: activities, events, news
Posted by Natasha on November 13, 2008
under Summit county real estate statistics
Pitkin County holds the most expensive real estate in Colorado, because it’s home to Aspen. Overall, in August of 2008, the largest number of sales fell between the $1 million and $2 million mark.
Since Aspen Mountain opened, real estate prices have steadily risen, or at least held. But, so far in 2008, average sales prices have dropped from 2007 levels. Between January and Read more »
Tags: market, statistics
Posted by Natasha on November 13, 2008
under Summit county real estate statistics
Eagle County encompasses Vail and Beaver Creek, as well as lesser expensive areas of housing, such as Edwards, Eagle and Gypsum.
Out of the four mountain counties that surround Summit County, Eagle County ranked second highest, just behind Pitkin County (Aspen) in average prices for homes during summer, 2008. Eagle County’s average price was $1.46 million, compared to $1.07 million during the Read more »
Tags: market, statistics
Posted by Natasha on November 12, 2008
under Summit county real estate statistics
By Land America
Greetings:
Welcome to ski season!
Attached you will find the summary of the 2008 Summit County real estate Sales Statistics I have included 2007 Statistics as well for comparison. This information is generated using data from the Summit County Government website and includes For Sale By Owner transactions.
Market Snapshot:
Posted by Natasha on November 8, 2008
under Breckenridge news/events, Silverthorne real estate
For the third time, Home Depot is submitting a proposal to come to Silverthorne. The big box would be 100,000 square feet on a parcel south of intestate I-70, near the outlet stores. In order to deal with traffic concerns, Home Depot developers would extend South Adams Avenue by two lanes, with a median in the center. The Colorado Department of Transportation needs to approve the access. Home Depot would also need approval from the town and the U.S. Army Corps of Engineers, in order to essentially move a wetlands area from the river to Cottonwood Park. Previous proposals failed due to concerns about traffic and the environment. The chain is closing about 15 stores and abandoning plans to open 50 others, but it continues to show interest in Silverthorne because of the region’s prosperity.
Tags: Silverthorne
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