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Summit County, CO: Mountain Living Real Estate Blog

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The song remains the same for Summit County Real Estate

by The Mountain Living Team

Can you see what the future holds?We're still telling the same story we were last year.  Inventory is low which is pushing prices higher, and inventory will continue to drop through the end of the year. 

As of November 18th we have just 355 residential properties on the market in Summit County.  That's 11% fewer properties than the same time last year.  We had 240 residential sales in October.  At that same pace, the inventory we have on the market won't last through the year.  Typically, sales slow around the holidays and through the first of the year and we'll continue to have properties come on the market but our inventory will likely be in the low to mid 200s before the end of the year.  200 may sound like a lot of properties to choose from but realize, that is residential properties anywhere in the county.  From south of Breckenridge to north of Silverthorne, from Keystone to Copper and Frisco and Dillon in between.  It's all price ranges too; studio condos to multi-million dollar homes.  To add to the scarcity, roughly half the residential properties on the market now are priced over one million dollars.  For most buyers, that fact alone takes half the inventory off the table.  For most buyers, there will be less than ten properties to choose from at any given time; even fewer as the purchase price goes lower.

Summit County Colorado Real  EstateThe low inventory often makes buyers ask if they should wait.  If the current trend continues, next summer when we have more properties on the market, prices will be even higher.  If the property you want is out there, I suggest you act now.

The Summit Daily, our local paper, just printed an article about the current real estate market.  Take a look at it by clicking here.

The ever changing landscape of restaurants in Frisco

by The Mountain Living Team

The Blue Spruce Inn has served its last meal in Frisco.  A local establishment since the 1940’s, The Blue Spruce Inn is out.  The rumor mill has suggested Vinny’s, an Italian Restaurant currently near 4th & Main, will be moving into the Blue Spruce building.  Vinny’s is a great restaurant that currently has a much too tiny space.  If the rumors are true, and they can capitalize on the space without losing anything, it will be a fantastic change for Frisco.  The current Vinny’s location will be the home of a new restaurant endeavor.

Meanwhile, The Boatyard has completed their addition and interior renovation and recently re-opened as Uptown on Main.  They still have the same great patio out back but have moved the front bar into the new addition and modernized everything.  It’s fresh and I guess, “uptown.”  Our first visit to the new restaurant was a happy hour gathering with friends.  We left feeling like we didn’t quite get our money’s worth.  It was pretty good but a little pricey.  We’ll certainly give them another try after they have been up and running a while before we make a final judgment.

Other changes that happened this year in Frisco include Gonzo’s coffee that took up residence in the old Starbuck’s location off Summit Blvd. Starbucks moved into a brand new development just down the street.  It’s where the old Christmas tree lot used to be every year.  It’s now a Natural Grocer, Which Wich & Starbucks.  Smiling Moose has moved out, both the Frisco and Dillon locations.  I’m not sure the circumstances behind that but it was a quick getaway, leaving everything behind.  I haven’t heard about what may replace them yet.

It's always nice to get some fresh, new restaurants in Frisco.  Unfortunately, it sometimes comes at the expense of some old standbys that we loved.  

$20 will get you a Parade in Summit County the next 2 weekends!

by The Mountain Living Team

Parade of Homes 2017 in Summit County ColoradoThe Summit County Parade of Homes runs this weekend, September 23rd & 24th, and next weekend, September 30th & October 1st.  For just $20 you can tour 17 amazing homes across the county.  I’m sure the homes will impress but if they don’t you certainly won’t be disappointed by the changing aspen leaves. 

The county is a glistening gold with a little orange and red scattered in right now.  Many trees are still green but they will be changing in time for the Parade.  It will be a fantastic time to visit 4 homes in Silverthorne, 1 in Dillon, 2 in Keystone, 2 in Copper and 8 more in Breckenridge.

Tickets are available at some local merchants and at just 5 of the homes on the tour.  Be sure and get your wristband to give you access or make sure your first stop is one of the 5 homes selling tickets.  Those 5 homes are:

#1 260 High Park Ct in Silverthorne
#5 111 Centennial Ct in Dillon
#8 1062 Beeler Place at Copper
#10 181 Shores Lane in Breckenridge
#16 112 S Harris St in Breckenridge

This year’s Parade includes a couple of remodels, some newly constructed townhomes and, of course, some amazing single family homes.  Several of the properties on the tour are available for sale.  If you fall in love and don’t want to go home empty handed, we’re ready to emphatically represent you during your purchase.  If the homes on the Parade aren’t right for you, but you want a place in Summit County, we will still represent you with the same vigor.  Of course, there’s no obligation to buy anything.  You are welcome to steal decorating ideas, see what the latest trends are, find out about local builders and companies that can supply you with the products to make your home feel like a Parade home, or just simply look.

The 2017 Summit County Parade of Homes is a great opportunity to spend a weekend, or two, in the mountains and check out some fantastic scenery, both natural and man-made.

View the Parade of Homes Magazine online or pick one up when you buy your tickets.  More information is available on the Summit County Builders website.

Don't become a victim of wire fraud

by The Mountain Living Team

Internet fraudCybercriminals targeting home buyers and sellers nationwide. Tips on how to protect yourself from the Colorado Division of Real Estate.

 

This past February, a Colorado seller lost over $80,000 from the sale of their property to one of these scams.

How do the scams work? Often the computer hackers monitor email exchanges between the parties of a real estate transaction and gain specific information, such as the buyer and seller names, subject property address and file numbers. As the closing date approaches and arrangements are made to wire the money to the closing company, or wire the proceeds from the sale of the house to the sellers, the scammer will send a last-minute email from a hijacked account or similar looking email address updating the wiring instructions to request the money be transferred into a fraudulent bank account. The email looks legitimate and often contains the transaction specific information the hackers obtained in the body of the email or as an attachment.

Buyers and sellers can take just five minutes by reading the below tips to protect themselves from becoming a victim of wire fraud:

  • Verbally contact your title company closer: Prior to wiring any money, you should always verbally contact your real estate broker to confirm that the wiring information is accurate. Do not rely on telephone numbers or website addresses provided within an unverified email.

  • Do not email financial information: Emails and texts are not secure methods to transmit financial information.

  • Keep a record of websites that hold your financial information: Before providing that information, confirm that the websites in which you input financial information are secure. Look for the URL to start HTTPS, the “S” stands for secure.

  • Don’t click on links: Don’t use links to get to websites. Instead, search and find the company and directly link to their website from your search.

  • Update your computer: Keep your operating system, browser and security software up-to-date.

​​This information is from the Colorado Division of Real Estate.

Fantastic new service now available to you!

by The Mountain Living Team

Have you ever been in a neighborhood in Summit County and thought it was a great neighborhood that you could live in?  You wonder if anything is for sale in that neighborhood.  Now we have a service for that. If you already own in Summit County and wonder what is for sale in your neighborhood, we have a service for that.  On the slopes at Breckenridge and want to know if any of these nearby condos are for sale, we have a service for that.  

Mountain Living Real Estate has implemented a new service to keep you in the know with what is for sale in Summit County. Simply text SKI to 59559 to sign up. Then click the link you receive and start a GPS search for Summit County property near you.  The GPS service works best if you are in Summit County but you can also text an address or street name of a Summit County property you are interested in to get more information and see photos.  

No more wondering how much a property is or pulling flyers, just click the link and get information and photos at your fingertips. 

Big Announcement from The Mountain Living Team

by The Mountain Living Team

Jason and Meredith Adams are moving to a new location in Frisco and are no longer part of Coldwell Banker. The Mountain Living Team is setting out on a new and exciting adventure with their own company; Mountain Living Real Estate!  They will be in their new office, still located on Main Street, as soon as the renovations are completed. This venture allows the team to fully develop their real estate company into the vision they see; exceptional client centered services that exceed expectations, promotion of their listings with a mix of traditional and new innovative tactics, spot on market information allowing clients to make informed decisions, and that small town charm that is often lacking in large corporations.

Once the new office at 101 Main Street in Frisco is set up they will be inviting everyone out for a grand opening celebration.  In the meantime Jason & Meredith are still available for all your Summit County and surrounding area real estate needs. You can still contact the team the way you always have via their email, cell phone or the business phone 888-666-0844. You will still get the high level of service and everything you have come to expect from the team but with a new sense of freedom allowing them to grow further in the community and become even better for years to come!

Jason & Meredith also extend a special thanks to all of  their clients:

We consider you our Mountain Living Family; our wonderful past and present clients! Your loyalty to us through the years as shown with your involvement in our client appreciation events, repeat business and many referrals which has been a big part in growing the Mountain Living Family and bringing us to where we are today. So thank you all and we look forward to continuing to take great care of each and every one of you!

 

Get paid to fish at Green Mountain Reservoir

by Meredith Adams

Get paid to fish at Green Mountain Reservoir

Fishing for Northern PikeI should clarify that statement.  You don't get paid just to fish, you get paid to catch.  But that is the goal when you are fishing, to catch fish, right?  You can't catch just any fish to get paid though, you have to catch Northern Pike.  The regular rules apply for all the other fish, you can still catch them, you just don't get paid for those.

Northern Pike have somehow gotten into Green Mountain Reservoir.  They aren't native to Colorado and therefore create havoc to the native fish and plants we have here.  They devour Colorado's native fish which can throw the entire eco-system out of whack.  Because of this, they have earned the designation of an invasive species.  In an order to save our native fish, the Colorado Division of Wildlife has declared war on them by putting a bounty on their heads, literally.  You will get paid $20 for every head of a Northern Pike you catch in Green Mountain Reservoir and bring to the Heeney Marina.  That could easily make fishing for Northern Pike the best summer job ever!

4 Must Do's Before Selling

by The Mountain Living Team

Spring in Summit County is when most of the ski areas close, the snow is still falling but the temperatures are getting warm enough it is melting, and owners start to get their homes ready to sell.

Here are 4 things every homeowner should do when preparing their home to sell.

1. Clean Clean Clean - the property you are selling can never be too clean.  A clean property appears well taken care of and buyers don’t get caught up in the dirt and actually look at the property.

2. Freshen Up - A property that has been well used can look it.  You may not see the scuffs on the walls or dirty carpet any more but the buyers will.  They are seeing it with fresh eyes and will notice things you don’t see anymore.  Consider painting in neutral colors, upgrading appliances & replacing or deep cleaning flooring.

3. Upgrade Furnishings - It may be an odd consideration when you’re selling but the furnishings can make a world of difference in how the home is perceived.  Dated furnishings can make an updated home feel dated. New bedding with throw pillows and a bed skirt can make a bedroom feel much more welcoming. Even a new shower curtain or throw pillows on the sofa can help.

4. Declutter - This one is almost always necessary.  The home needs to look like no one lives there.  The toiletries should not be on the bathroom countertop, the family photos and most knick knacks should be packed up and stored elsewhere ready for their new home.  Even the closets should be cleaned out and organized.  The house should look like it easily holds all your things and shouldn’t feel like it’s bursting at the seams.

 

The Mountain Living Team can help you put your best foot forward.  Call us today.

 

First Quarter Summit County Real Estate Statistics

by The Mountain Living Team

Despite low inventory levels, it’s been a great first quarter for residential real estate sales.  Sales are up over 2016 and the highest we’ve seen in a decade.  Inventory is starting to build so hopefully we can sustain an even better second quarter.

Residential sales in January were great; up 29.9% over 2016 and the most January sales since 2007.  February was not as good.  We actually lost a little ground with a decline of 20.7%.  March pulled the quarter back up with another double digit gain; up 38.5%.  That brought the total quarterly residential sales to 330, up 16.6% over 2016. 

Inventory has been on the rise since mid March.

Inventory has been on the rise since mid March.  It’s still low for this time of year, ideally I’d love to have double the listings we have now.  The increase is starting early this year.  Because there is so little competition right now, properties are coming on the market hoping to find a buyer that has been waiting and get a premium price on their property.   

At the start of April, the type of activity we are seeing in a given week is about 50 new properties on the market, 43 going under contract, 19 price decreases & 7 that were under contract but fell apart and are back on the market. 

The second quarter always has more sales than the first quarter.  The third quarter will have more sales than the second quarter.  Typically the third quarter has the most sales but we have been mixing it up recently with some really good fourth quarters too.  Last year there were nearly 60% more sales in Q2 than in Q1.  We will need, and should get, a lot more properties on the market to sustain that type of activity.  The only question is if there will be enough listings to build up the inventory.  Last year’s summertime high was under 700 properties for sale; about a 3 month supply. We will probably have fewer properties than that this year.

 

Coming Soon! Lake Haus Condo D11

by The Mountain Living Team

Cute, spacious and affordable one bedroom condo in a convenient Dillon location.

Lake Haus Condos in DillonAt 625 square feet this one bedroom condo is a very comfortable size.  As you enter the condo the entry provides a great spot to take off snowy boots.  To the left is the bedroom and full bathroom.  The bedroom is large with ample closet space.  As an end unit you have an extra window in the bedroom making it lighter than most.  Back out to the entry and down a couple stairs and you're in the living area.  The kitchen in to the left against the back wall.  The dining room is situated in front of it and the large living area takes up the right side.  A gas fireplace provides mountain ambiance while keeping you toasty warm. Extra windows make this area light and bright.  A sliding glass door leads to a small patio that opens to a meadow with mountain views.  This is a perfect spot for the dog to run right outside the back door or where you'll want to kick back and relax watching the sun set at the end of the day.

Located in Dillon, close to Hwy 6 and Swan Mountain Road, it's easy to head to Keystone or Breck for a day on the slopes.  The paved rec path is nearby if you're in the mood for a bike ride.  Grab the fishing poles and trek on over to the shores of Lake Dillon or drive into downtown for a free concert.  The bus stop is nearby too.  No matter what you enjoy, this condo will be a great fit!    

Displaying blog entries 1-10 of 275

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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