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Summit County, CO: Mountain Living Real Estate Blog

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Secon home real estate markets are different

by Joanne Hanson

Today I had an offer on a property that was $75,000 less than the asking price, which was just over $500,000. The Seller was insulted and wanted to know what the Buyer was thinking! I know what he was thinking; that is is a Buyer’s market, which is what all the media outlets are telling people.

Our market is a second home market, and like most other mountain resorts, having record sales. The Buyer was from another state, and perhaps where he lives, he can make offers like that. Yes, our transactions have not increased over this time last year, but last year was a record year and our lack of inventory is the only thing keeping the transaction numbers from growing. You can’t sell what you don’t have!

The dollar volume has actually gone up by 17% over a year ago, so I think we could safely say we have a Seller’s market!

Fire Evacuation Tips

by Joanne Hanson

My sister lives in Oak Creek Canyon, near Sedona, Arizona. She recently had to evacuate because of a large wildfire. As she has had to evacuate before, she was more prepared than most. I thought I would copy an email she sent to her friends in case you live in a high fire danger area.

For the past thirty years I have lived in an area that is at high risk for wildfire. I have evacuated twice. The first time, I had several hours warning and was only gone for 8 hours. The second time, I had 30 minutes warning and was gone for 10 days. I have been told to ‘prepare to evacuate’ another two times.

I’ve found that when I’m told to evacuate, I don’t think straight. The first time, I evacuated things that were easily replaced and forgot the photo albums.

Now, I follow my list. It also helps to lessen the panic.

If you can’t find an animal, such as an outdoor kitty, sometimes animal rescue groups are allowed in to evacuate pets. During my last evacuation, some homeowners were allowed an escorted visit home (in the back of the sheriff’s car) but only for emergency items that included pets and prescription medications.

A few days after I was evacuated, we knew we wouldn’t be going home soon. As my only means of calling anyone was by cell phone, I called my cell phone company, explained the situation and they generously gave me an additional 150 minutes at no charge.

Before a fire

  • Make sure you have adequate insurance before a fire hits.
  • Your fire department would be happy to come to your house and make suggestions on what you can do to make your home/neighborhood “firewise”.
  • Have an evacuation alert plan for your neighborhood to make sure everyone knows of the evacuation order. I am responsible for calling or alerting three of my neighbors.
  • If you live in a high fire-danger area and have been given information critical to evacuation, such as the radio station frequency to tune to for evacuation instructions, keep this in your car or wallet/purse.
  • Organize your important things. For example: I keep all my photo albums in one cupboard so I don’t have to collect them from different parts of the house.
  • Take photographs of your house and contents. In addition to photographing your home’s exterior, interior, furnishings, etc.
  • Photograph the contents of drawers and cupboards. Take close-up photos of things such as CD & book collections. Photograph not only the front of valuable china or pottery – but also the back so the hallmarks are identifiable. Keep the photos in a safe deposit box.
  • Insurance adjusters will expect you to prove what you had with either receipts or photographs.
  • Exchange cell phone numbers with your family, friends and neighbors.
  • Make sure your insurance agent has your cell phone number.
  • Carry a list of your prescription medications in your purse or wallet, including the prescription number if you have refills available.
  • In my area, when the fire department has asked that when we evacuate the house, we hang a white cloth on the front door. This shows the house is empty and saves precious time for the sheriff or fire department. Ask your fire department if they have a similar plan for your area.
  • Also ask if you should leave your house unlocked when you leave.
  • Find out how to turn off the gas to your house. If you need a wrench to do this, keep one handy.
  • If you have pets, make sure your pet carriers are in a convenient place during fire season so you don’t waste time looking for them.

Tips for evacuating

  • It may be several weeks before you are allowed home. Keep this in mind when packing prescription medications, etc.
  • Use pillow cases to “grab and run”
  • Use bathroom/kitchen trash containers to pack fragile items, wrapping them in towels or clothes first.
  • Put similar size artwork face to face and wrap in a blanket. I use my quilt collection to wrap my paintings.
  • If you have time, pack a suitcase! You REALLY feel homeless when you are an evacuee with only the clothes on your back.
  • Remember things like cosmetics, toiletries, extra shoes. It’s expensive to replace all of this stuff if you’re gone from home for a couple of weeks.
  • Time permitting: before evacuating, put a ladder, shovels, garden hose, etc. where they are easily seen.
  • Time permitting: Check the outside of the house and move flammable things, such as lawn furniture, away from the house.
  • Time permitting: Take down light curtains. Close metal blinds.
  • If you have an outdoor kitty that you can’t find, leave a tub of dry food and large bucket of water out for it.

My priority list

During fire season I keep this in an easy to find place!

  • Car keys
  • Glasses
  • Purse or wallet
  • Pets
  • Prescription medications
  • Cell phone and chargers, AC and DC
  • Insurance papers and other important papers
  • Bottled water
  • Emergency food supplies for you and your pets
  • Turn off cooler or air-conditioning
  • Turn off gas to house
  • Close windows tightly

I do these things first, then if time permits I start collecting things such as photo albums, art work etc. My list includes:

  • Computer
  • Framed photos throughout the house
  • Photo albums
  • Jewelry
  • Family movies, videos etc.

Frisco Restaurants

by Joanne Hanson

We have a wonderful selection of restaurants in Frisco, and they all have great food! Those that don’t, go out of business fairly quickly.

My favorite is probably the Silverheels at the Orehouse. They have a tapas bar with great appetizers and sushi, and a restaurant with a variety of food, mostly with a southwestern flavor. I usually order the salmon, but they have other fish, steak, lamb and vegetarian dishes too. The only downside is that it can be a little noisy when they are busy. They have a nice outdoor patio with a firepit and lots of flowers. They are only open for lunch in the summer, but try and have at least a couple of meals there!

Tuscatos is a good choice for Italian food and the large bar is usually hopping during happy hour. Summit County is smoke free so you don’t have to worry about whether it is well ventilated or not; it won’t be smoky!

The Boatyard is my favorite place for lunch as they have a great selection of salads and a nice summer deck. Tell Cindy that I sent you! They have a good wait staff and are very accommodating.

If you are looking for a good, quick breakfast, try the Log Cabin Cafe. You can be in and out in a hurry as the waitstaff hustles! They serve breakfast all day, but are only open for breakfast and lunch.

 

Mt Royal hike

by Joanne Hanson

On Tuesday, June 13th we hiked Mt Royal, above Frisco. It was a warm day, and once you reach Masontown and continue up to the Summit, the hike gets steep, so we were feeling the temperature! It is a bit of a slog up the hill for a while, but once you reach the Mt Royal summit turnoff, it eases up a bit. If you continue on the trail without turning off, you will go to the top of Mt Victoria, or possibly even Peak One. At the top of the Mt Royal trail you will find a large cairn, and after you add your rock to the pile and admire the view, follow the trail to the right past a couple of old limber pines down the hill for a little bit. To really be able to say that you have hiked Mt Royal you need to go to the second summit. The trail will go uphill again to what seems to be a big rockpile. It is actually the rock outcropping that is so visible from Frisco. Here you can rest and admire the fabulous view of the lake and the Continental Divide.

One you are rested and think about your return, follow the trail back the way you came. Taking what looks like the “easy way” downhill, will take you to some precarious spots and you are putting yourselves in some danger. The little uphill back to the first summit makes you appreciate the rest of the hike, which is downhill all the way. We did the hike in about 3 and a half hours for the four miles roundtrip, so we are not the fastest hikers in the world, but for four women over 50, we did ok! What we lack in speed we make up for in stamina.

Interest rate review

by Joanne Hanson

In Freddie Mac Primary Mortgage Mkt Survey (for the week ending June 9) in which the 30-yr fixed-rate mortgage (FRM) avg. 6.62%, down from last week’s avg. of 6.67%. Last year at this time, the 30-yr FRM avg. 5.56%.

The avg. for the 15-yr FRM is 6.23%, down from last week’s avg. of 6.26%. A year ago, the 15-yr FRM avg. 5.14%.

Five-year Treasury-indexed hybrid adjustable-rate mortgages (ARMs) avg. 6.20%, down from last week when it avg. 6.26%. A year ago, the five-year ARM avg. 5.01%.

One-year Treasury-indexed ARMs avg. 5.63%, down from last week when it avg. 5.68%. At this time last year, the one-yr ARM avg. 4.21%.

This information is courtesy of Mountain Equity Mortgage in Summit County, Colorado.

Hiking the North Ten Mile Trail

by Joanne Hanson

On June 7th, Marie, Eileen, Ruth, Mahea,her dog Chloe and I hiked the North Ten Mile trail. The wildflowers are blooming already and it was a beautiful day. We hiked about 8 miles altogether.

The end of the trail is about 3.5 miles from the trailhead, but we weren’t ready to finish, so we decided to go a little way toward Uneva Pass on the Gore Trail. However the river is high with snow melt and we were unable to cross it. Instead we took the Gore Trail the other direction, toward Eccles Pass and climbed the first couple of switchbacks before we ran out of time.

It was good we turned around when we did as the last ten minutes of hiking back to our cars was accompanied by thunder and lightning, although the rain held off until we were actually in our cars. It was a good hike! Next week we will be doing Mount Royal, which will have some great lake views. I will be taking my camera.

The first post on our new blog!

by Joanne Hanson

Welcome to Summit County, Colorado. We are home to four major ski areas, miles of bike trails and hiking trails and other incredible recreation opportunities. Breckenridge, Keystone, Copper Mountain and Arapahoe Basin are no more than 20 minutes from anywhere in the county. Our elevation in Frisco is 9000′ so our winters are snowy and summers are wonderful!

I am a Realtor with Coldwell Banker Colorado Rockies Real Estate and my goal is to be a resource to my clients and members of the community. Among other things, I provide names and phone numbers of moving companies, cleaning people, painters, home inspectors and doctors. I give restaurant reviews, directions, recommend good hikes, ski runs, art galleries and take photographs. I also help people buy and sell real estate, whether it be second home, investment property or a primary residence.

I have a team of people who work with me to assure great service for our clients, which also allows all of us some time off so that we can have fun too! After all, that is why we live here. My plan is to post on this blog every couple of days and get your input so that we can all be a resource and have a little fun in the process. Please let me know what you would like to see posted here.

 

Displaying blog entries 301-307 of 307

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Photo of Jason & Meredith Adams Real Estate
Jason & Meredith Adams
Mountain Living Real Estate
101 E. Main Street, #109 / PO Box 4115
Frisco CO 80443
888-666-0844