2016 was very much a seller’s market; very tight inventory and rising prices. Buyers struggled to find properties, often compromising or waiting. Indecisive or out of town buyers often missed properties as they were snatched up by ready buyers. More properties than usual seemed to come back on the market because quick acting buyers, after […]
Foote’s Rest Redevelopment Approved
The town of Frisco approved the Foote’s Rest redevelopment that would add a hotel, restaurant and bowling alley in the current Sweet Shoppe location and relocate the historic building. They have said they are willing to place a historic building tag on the Foote’s Rest building in order to preserve it’s place in Frisco’s history. More details are available […]
Pay Parking in Breckenridge
If you want to park on Main Street in Breckenridge you’ve got to pay. In an effort to eliminate long term parking happening on town streets, you will now find pay parking in Breckenridge. Main Street as well as surrounding roads now have parking meters requiring registering your license plate and/or payment. Rates vary based on […]
Market Comparison: Frisco vs The Highlands
With the low inventory levels in the real estate market buyers are looking outside their initial target area in order to have more to choose from. That means the area that they have been following during their search may not be where they end up looking and/or buying. As a result, they can be less […]
Inventory Levels And The Real Estate Market
Real estate, like most commodities, is a supply and demand market. Low supply and high demand create a tight market. High supply and low demand create a saturated market. During a saturated market, there are an abundance of properties. That abundance gives buyers their pick of properties and makes sellers compete to get one of the […]
2016 – A Year Of Scarcity In Residential Real Estate
We currently sit at 404 residential properties in the entire county for sale. Of those 404, 213 are priced over one million dollars. Of the 203 Summit County residential properties that sold in October only 25 were priced over one million dollars. That means 178 people spending under one million dollars in just one month. […]
6 Tips To Make Your Vacation Home Pay For Itself
Having a vacation home is something many people dream about. Unfortunately some expenses come along with it. Things like HOA dues, utility bills, snow plowing, maintenance and property taxes can be additional expenses that will need to be paid. Your vacation home can generate income when you’re not using it that will help to cover […]
Jason Adams Earns His CRS Designation
Jason M Adams, of Summit County, Colorado, has been awarded the prestigious Certified Residential Specialist (CRS) Designation by the Council of Residential Specialists, the largest not-for-profit affiliate of the National Association of REALTORS. REALTORS who receive the CRS Designation have completed advanced professional training and demonstrated outstanding professional achievement in residential real estate. Jason […]
Economic Update From NAR’s Lawrence Yun
Lawrence Yun, Chief Economist and Senior Vice President of Research at the National Association of Realtors (NAR), stopped by Silverthorne recently to give us an economic update. This was my first time hearing him speak and I was quite impressed. In about an hour he gave us a good understanding of the current economic conditions relating to […]
The Mesa Cortina Neighborhood In Silverthorne
Mesa Cortina is a single family, residential neighborhood located at the base of Buffalo Mountain in Silverthorne. Actually, it is not within the town of Silverthorne boundary but is considered Silverthorne. National Forest borders the neighborhood on two sides and open space between Mesa Cortina and Wildernest. It has a nice feeling of seclusion without being way […]