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Race of the Santas and more weekend fun in Summit County

by The Mountain Living Team

​​Running of the SantasAre you in need of some holiday spirit this season? If so, Breckenridge has the cure this Saturday. Join in a sea of Santas as they run down Main Street Saturday, December 3rd.  There are young Santas, old Santas, female Santas, thin Santas. You have never seen so many Santas!  The race starts at 4:30 but you'll find them roaming the streets at the holiday market that begins at noon, or maybe walking the dog that is dressed as a reindeer during the dog parade.

After the Race of the Santas, stick around for the Lighting of Breckenridge when the holiday lights are turned on and the town tree in Blue River Plaza lights up.
 
If you're still feeling festive, head to Frisco's Main Street for a taste of Wassail from local merchants during Wassail Days.  Wassail is a mulled cider that dates back to midieval times. Two traditions are connected with it.  One awakes the apple trees and ensures a good harvest next season, the other offers blessings in exchange for food and drink.  Recipes vary, some with alcohol, some without but It is typically served warm during the holidays.  Stroll along Main Street and try them all and then vote for your favorite.  Wassail Days runs from December 1 thru 10 so get out there and try this historic drink.

 

 

The 2017 Budweiser International Snow Sculpture Champions have been chosen!

by The Mountain Living Team


Breckenridge Snow Sculptures

If you haven't been to Breckenridge during the snow sculpture championships you need to make it a point to get here soon.  It's amazing what these people can do with a block of snow.  I can barely build a snowman let alone sculpt some of the intricate designs these artists carve out.  The winner of the 2017 International Snow Sculpture Championships; China2017 is no exception.  This years sculptures are worth a visit!  Consider a night time viewing too.  Colored lights shine on the whittled snow creating beautiful displays and a completely different experience than you'll have during the day.  It's free to see the sculptures located in RiverWalk in Breckenridge.  These warm temperatures make it hard for the artwork to last the entire week so wait until the last day to visit.  Weather permitting, they will be around through Super Bowl Sunday, February 5th.  This year's winner was China although my personal favorite was created by the local Breckenridge team.Budweiser International Snow Sculpture Championships in Breckenridge Colorado

Another beautiful sculpture

Pay Parking in Breckenridge

by The Mountain Living Team

Passport ParkingIf 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, the town of Breckenridge has rolled out pay parking.  Main Street as well as surrounding roads now have parking meters requiring registering your license plate and/or payment.  Rates vary based on location but generally the first 15 minutes are free, although you do need to register your plate.  You don't need to have change in your pockets to feed the meters these days but you will need to have a credit card or have a smart phone with the Passport Parking Mobile Pay App installed and payment set up within the app.  The mobile app offers great features like adding time from your phone and storing all your license plates.

The feedback I have heard so far is all positive.  There are more parking spaces available on Main Street making finding a spot much easier.  The app makes it easy to pay and rates are reasonable.  

I haven't tried to park in Breckenridge since the meters have been implemented so I don't have first hand experience yet.  Any comments about your experiences with the new pay parking are welcome.

Market Comparison: Frisco vs The Highlands

by The Mountain Living Team

With the low inventory levels in the real estate market buyers are being forced to look 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 informed about the area and what to expect in property values.  

Recently, buyers we have been working with expanded their search from Frisco to The Highlands in Breckenridge.  They were curious as to how The Highlands compares to single family homes in Frisco.  I did a little research and put together a few charts to help them determine if The Highlands was, financially, a place they wanted to be. 

Average Sale Price

The average sale price in the Highlands is much higher than it is in Frisco.  Because of the higher price point I think it makes the market more volatile; reacting more substantially to economic trends.  


Average Price Per Square FootThe  average price per square foot is surprisingly similar given the difference in sales prices.  Frisco is more inconsistent.  I believe that is because the single family homes in Frisco vary more in age and quality than we see in The Highlands.  An abundance of any type of home sales can swing the averages for that year. 

Average List to Sales PriceThe average list price to sales price ratio tells us how much sellers are coming off their list price.  This is based on the current list price at the time of the sale and doesn't include any price reductions made prior to an offer being accepted.  More properties on the market typically will push sellers into deeper discounts in order to secure a buyer.

Average Days on Market

This chart tells us that most of the time a Frisco home will sell quicker than a home in the Highlands.  It also shows us the average days on the market is a largely fluctuating number and that we are currently in a downward trend meaning homes are selling quicker than in the past.  

As with any averages, it must be understood that before making matter of fact claims the numbers must be dug deeper into.  A few sales can impact an average made from a limited section of data.  The Summit County market is a small market making it more susceptible to a few sales.  If you have questions about any of these statistics we are happy to dig deeper into them and provide you the information you need.  Just let us know via email or a comment on this post.

You can now catch the bus from Blue River

by The Mountain Living Team

The Summit Stage has added bus service from Breckenridge to Blue River.  Blue River is an unincorporated town located south of the town of Breckenridge on Highway 9. The new service began November 22 and will run through the winter.  Currently only limited service is being offered with two buses running in the mornings and evenings. Ridership will determine if the route continues or is extended.  For more information on where and when you can catch the bus, visit the Summit Stage website.

The Summit Stage already offers free bus service all across Summit County.  Routes include Silverthorne, Frisco, Keystone, A-Basin, Copper Mountain, Dillon and Breckenridge.  Commuter service is also offered between Leadville and Frisco and additional commuter service expansion to Park County is being considered.  The active lifestyle is understood and the buses have bike racks in the summer and transport a lot of skiers and riders to the various mountains in the winter.

Last minute 4th of July plans

by Meredith Adams

If you haven't made you plans for the 4th of July yet this year, just come up to Summit County.  It's cooler than the Denver Metro area and there's a lot going on.  Click on the town name to link to their website with details about their activities & events.

Breckenridge
7am  10k trail run
9:30am  Firecracker 50 bike race
10am  Parade
12:30pm  Viper car show
1pm  Kids water fight
2pm  Live music
8pm NRO at Riverwalk
9:45pm  Fireworks

Dillon Amphitheater
7pm  Forever in Blue Jeans, Neil Diamond tribute band
10pm  NRO Performance

Frisco
8am  Pancake breakfast
9am  Fishing Derby
10am  Summit Concert Band
12:30pm  Parade
1:30pm  Live music by Guild of Ages
3:30pm  Drum circle
7:15pm  The Long Run, Eagles tribute band
9:30pm  Fireworks

Keystone
8am  Fishing Derby
9am  Super Slimy Science
10:30am  Bike decoration party
11am  Bike parade
11am  Ala carte BBQ
12pm  Live music by Trout Steak Revival
7pm  Live music by The Burroughs
9pm  Fireworks

 

Frisco's 4th of July Parade

 

 

Dinner at The Canteen in Breckenridge, Colorado

by Meredith Adams

The Canteen Tap House & Tavern

The old Steak & Rib restaurant is now The Canteen Tap House & Tavern.  Recently, a dinner out with our friends meant an opportunity to give the new, Breckenridge restaurant a try.  We suggest you stop in when you get a chance too.

Our dinner consisted of a variety of drinks, appetizers and entrees.  The drink menu was extensive.  The margaritas and dark & stormy were served in tin cups that looked like something you would use to scoop your water out of the well with back in the day.  Both the ahi tuna and BBQ flatbread appetizers were hits at our table and disappeared in no time.  The tuna was served on a bed of guacamole ready to be scooped up with the tortilla chips served with it.  Our entrees were the southwest chicken salad, ribs, a burger topped with chiles and cream cheese and a Reuben.  Jason is a Reuben guy and can be pretty particular about them.  This one was a big hit with him resulting in the best compliment that can be given; that it will be ordered again.  The burger was equally as good resulting in more rave reviews.  The salad was pretty good, I mean it is a salad afterall, although it was served in a bowl that was a little small making it hard to eat without it spilling over the sides.  The ribs were reported to have a hint of spice in the sauce and rub.  

The service we received in the bar was also good.  We even had a visit by one of the owners, Mike Steger.  He chatted with us for a while even though I'm sure he had to be very busy.  He even went out of his way to provide 4th of July event information to our friends that just moved to Colorado.

If you haven't had the opportunity to stop in to The Canteen yet, make it a point to do so.  Now that they are also open for lunch, it's even easier to give it a try.

Oscar's of Breckenridge is worth a visit!

by Meredith Adams

I ran across this little place by accident one day and thought I'll have to try it sometime. Less than a week later Jason & I found ourselves in Breckenridge looking for a lunch spot. 

The lunch special with a beer for $8.95

We decided to give Oscar's a try. Tucked behind Twin Moose Yogurt Company at Main & Ski Hill Rd, if you don't know it's there, it's easy to miss. We sat on the patio and enjoyed their lunch special, t

wo tacos with a side and a drink for $8.95. It was a great lunch! My meal was chicken soft tacos, macaroni & cheese and a Modelo beer. Jason had fish tacos and rice. He added a spicy margarita made with habenaro infused tequila. We ordered some chips and salsa to start. They have a few different salsas with varying degrees of spice. I can't remember which one we had but it was a little spicy and had good flavor. 

TLunch special and a margaritahe lunch special with a beer was $8.95. Another summer patio is in the works so there will be more seating at Oscar's soon. We'll be back again, maybe next time in the evening to check out the bar. Oscar's of Breckenridge gets a strong recommendation from The Mountain Living Team!  

Are you ready for the Summit County real estate market?

by Meredith Adams

Our market is in one of the slower times of year right now. Most ski areas are closed and there’s still too much snow to start hiking. Lake Dillon is still frozen. This is shoulder season, or mud season as the locals call it. The tourists have gone home. There is no I-70 traffic, no waits for tables at restaurants. Businesses slow down. Property owners that were renting their homes during ski season are getting them ready to sell when the buyers come back in the summer. This is the start of listing season. Inventory levels will start to build as the market prepares for summer’s selling season. Or will it? Buyer activity hasn’t slowed yet. In fact, we have been seeing multiple offers on properties all over the county. Just in the last month, our team has experienced multiple offer situations in Frisco, Silverthorne and Breckenridge. Price points range from under $150,000 to more than $500,000. These multiple offers can happen on condos, townhomes or single family homes. They can be on properties that are updated or on fixer uppers. They can be on the market for years, months or days. Any property can wind up with competing bids if it is priced right and in demand in the marketplace. If the buyer activity continues strong through mud season, inventory levels won’t be able to build much and more properties will be in demand creating more multiple offer situations. It could be a busy summer. The best course of action for buyers in our market is to be ready. If a loan is involved, buyers should make sure they are pre-qualified with a local lender. If circumstances allow for it and the right property can be found, buyers should buy now. While waiting means more properties on the market to choose from, it also means more competition from other buyers. That could mean paying more for your property later this year. Sellers have a challenge in a market like this too. They must resist the urge to push prices too high too soon. Some segments of the market still have an abundance of properties. It’s important for sellers to know how their home fits into the market. Like any market, if they price their home too far above the market, it will just sit there. If improvements can be done to make the home show better it will appeal to more buyers and create more demand. Sellers should always consider the return on those improvements first to ensure it’s the right course of action. The tourists return to Summit County in mid-June, in time for Frisco’s BBQ Challenge. Hiking, biking, golf and sailing break into full swing. Summer is underway and buyers are once again looking for just the right property for them. We can’t be sure what summer will hold for our real estate market. We are seeing signs pointing us in the direction of a hot market with multiple offers and a short supply of properties. Buyers and sellers should take action now to make sure they aren’t left standing on the sidelines watching all the action

Summit County residential property sales finished up the first quarter up 9.7% over the first quarter of 2013. Pretty flat sales in January and February gave way to a surge in March. April has seen a strong start and the activity level in the county continues to be strong. The increase in sales is thanks to sales at the ski areas in Summit County. Copper Mountain saw an increase of 42.9%, Breckenridge was up 39.5% and Keystone up 18.2% over 2013 first quarter sales. The county overall was up less than 10% because of declines in sales quarter over quarter in Frisco, Dillon and Silverthorne. The reason for those declines could be because inventory is in shorter supply in those areas. Dillon has the lowest inventory level in the county with only a four month supply and the biggest decrease in number of sales dropping 32.1%. If buyers cannot find what they want, they cannot buy it. It's typical for more properties to come on the market as ski season ends and the summer buying season approaches. If our inventory levels cannot build prior to the anticipated stronger summer sales, prices will be pushed higher. That's something we haven't seen a lot of in Summit County in a long time

Displaying blog entries 1-10 of 25

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Photo of Jason & Meredith Adams Real Estate
Jason & Meredith Adams
Mountain Living Real Estate
PO Box 4115
Frisco CO 80443
888-666-0844