Summit County homes are taking longer to sell. The average time on the market is just 36 days, however, that is feeling like an eternity. When we have been used to buyers lining up for homes, to watch them just sit there is excruciating. This extra time on the market is not creating a lot […]
It Pays to Convert your Short Term Rental to Long Term in Summit County
Is your short term rental (STR) income slowing with the economy? Are you no longer using your Summit County home but aren’t ready to sell. Do you want to help the locals with the current housing shortage? If you are answering yes to any or all of these questions, you may want to consider converting […]
Slow Real Estate Sales in Breck and Surrounding Areas Continue
August adds a few more sales to the 2022 residential real estate sales. However, it’s not enough to change the path of slow real estate sales in Breck and other Summit County towns. Higher interest rates, concern about the economy and low inventory levels are keeping buyer demand low. We are seeing pressure on pricing […]
Short Term Rental Cap in Frisco, CO to Go to a Vote
The Frisco town council has decided to limit the number of properties that can be short term rentals within the town limits of Frisco, CO. Review and potential approval of the new short term rental cap in Frisco will happen at the end of September and likely implement immediately afterwards. Short term rental cap At […]
Labor Day Ski Sales Best to Buy New Ski Gear
Summit County Home Sales Fall Fast
Summit County home sales fell fast in July. While June had moderately disappointing sales numbers, the bottom fell out in July. The number of Summit County home sales in July were more typical for January and February, some of our slowest months. As a result of fewer sales, homes are on the market longer now. […]
A Good Time to Buy a Summit County Home
The real estate market is in transition. I don’t think anyone would argue with that statement. So now that it is in transition, should buyers be moving forward with a home purchase? Is this a good time to buy a Summit County home? There are several factors to consider before answering this question. Home prices, […]
Real Estate Inventory Doubles in Summit County
2022 is continuing to tell a different story than the last two years. As we see interest rates increase substantially, we are watching sales slowing and real estate inventory climbing. Our real estate market was pegged so far into a seller’s market, we have a ways to go before the buyer has the advantage. Although, […]
STR Report Concludes Rental Restrictions are Not the Answer
Many local jurisdictions are placing restrictions on short term rentals (STR) in Colorado mountain communities. There are a variety of new rules. It seems each community is doing something a little different. However, the reason for the new short term rental restrictions seems to be the same. The communities are seeing a shortage of housing […]
No New Short Term Rental Licenses
Once again the local government has decided to halt Short Term Rental (STR) licenses. In a meeting of the County Commissioners on Tuesday, May 24th, a moratorium was put into place in unincorporated Summit County. With a few exceptions, no new Short Term Rental licenses will be issued for 9 months. Fall 2021 moratorium Last […]