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 […]
Is a Real Estate Shift in Progress?
Just four months into 2022 we are seeing some significant signs of a real estate shift from the last two years. An increase in mortgage rates has made already high prices even more expensive when a loan is involved. Rarely seen during the last two years, decreases in listing price of properties are happening more […]
Solar Rebate for Homeowners in Frisco
In partnership with High Country Conservation Center, HC3, the Town of Frisco is working to Solarize Frisco. The town is offering a $1500 solar rebate for homeowners in Frisco during May! In addition, the program’s installer is stacking an extra $300 rebate on top. If you have been considering adding solar to your home, now […]
Springtime in Summit County
Once spring breaks across the country are over and April comes to the county, things begin to quiet down around here. Springtime in Summit County means ski areas close. We only have A-Basin & Breck left open in the county. Loveland will close this weekend and the Mary Jane area of Winter Park will stay […]
Is the Second Home Market Slowing?
Grants for Marshall Fire Victims
The Colorado Association of Realtors (CAR) is continuing to give grants to victims of the Marshall Fire but time is running out. If you have been displaced from your home due to damage from the Marshall Fire, you can apply for a grant to help with mortgage or rent payments. There is only one week […]
Tax Implications when Selling a Home
The huge gains in property value most homeowners have seen over the last couple of years is making homeowners considering cashing out that gain by selling their home. There are several factors to consider when making this decision. The most obvious consideration is where to move to. People think about where to live, how much […]
2021 Stats and 2022 Forecast
It has been a crazy couple of years in real estate across the nation. Summit County has been no exception. Soaring prices, limited inventory & competition for properties pretty much sums up 2021. We will dig into more of the 2021 stats and tell you what to expect as we head into 2022. Average Sale […]