Real Estate Information

Summit County Colorado Real Estate Sales Volume and Transactions increase

It looks like we have hit the bottom and are now trending back upwards in the Real Estate Market. Check out the latest Market update from our friends at Land Title Company: 

Land Title Guarantee Company March 2011 March Analysis 

Sales volume and transactions increased from 2010 and our year to date totals are steadily climbing upwards. Looking for deals? Now is the time as the prices have dropped substantially and we still have a large amount of inventory for you to choose from. Now is the time to take advantage of the fantastic Summit County Real Estate Market. Please call or e-mail for more information: http://www.yoursummitrealestate.com or 970-368-7000.

Sunsation, Final Weekend at Copper Mountain

To ring in the end of an amazing season and being one of the latest Easter Sundays on record, Sunsation will deliver for Copper's closing weekend.  This weekend will include a World Record Attempt, the Snow Fiesta Giveaway, the always fun Easter Brunch and Easter Egg Hunt as well as the all new Easter Egg Putt-Putt and of course more free live music.  This weekend's entertainment start The Samples on Saturday and Reel Big Fish on Sunday...visit www.CopperSunsation.com for up to date Sunsation information...happy egg hunting!

Easter Sunday and Closing Day April 24th, 2011

Colorado's largest Easter Egg Hunt starts at 10 AM for the 7-11 year olds at 11AM; for the kids 6 and under, while the biggest kids, (12 and up) will be hunting around the village from 10-2PM.  If trinkets and jelly beans aren't enough, prizes include lift tickets, Woodward at Copper sessions, gift cards, t-shirts and a grand prize of a 2011-2012 Copper Season Pass...in addition, get ready for gold season with the all new Egg Putt Putt-9 holes of "greens" on the snow with Easter eggs for golf balls...sounds like fun!   Come and enjoy Copper's last weekend! 

Sunsation, Weekend 1, 04/16-17/2011;, Deep snow, bright sun and free live music, what more could be lovely?  Copper will be sizzling when Sunsation, Copper's end-of-season bash returns for its 11th year!  The 1st weekend will include the return of the Red Bull 1976 Games, the CBS Sports Network's 2011 Alt Games College Slope-style and Rail Jam Championships, and of course, free live music by headliners, The Gin Blossoms on Saturday and Quiet Riot on Sunday.  

CBS Alt Games - Saturday, April 16th, 2011; In conjunction with Sunsation, teams of outrageous skiers channeling their inner 70's groove and retro ski stills will unite at Copper for the Red Bull 1976 Games.  Competitions include Snowblade Cross & Old School Air, plus an award for the most outrageous costume and team mojo!  So grow, or stick on, those mustaches, squeeze into your one-piece lime green suit and get ready to party like its in 1976, with headlining musical act Quiet Riot...for more information please go to www.RedBullUSA.com/1976Games. 

Mayor Cleveland and COO of Vail Resorts Mr. Jarnot painted a rosy picture of the comback in the Rockies. At the annual town meeting they reported revenues are up, with record-breaking sales tax collections in December and lift tax revenues up 15% in January. Additionally the town has completed 20 major redevelopment projects since 2005 including my favorite-heated sidewalks.

The prosperity in Vail and Aspen will be spreading to other areas like Breckenridge, Frisco and Leadville. Get in now before the millionaires push you out, or if you are a millionaire; before the billionaires push you out.

January Real estate sales in Pitkin County, Aspen, showed a 59% increase in transactions over January 2010, with 78 transactions and a 52% increase in the dollar amount of $84,137,903. Fractional ownership and timeshare activity was up significantly in January, with a 310% increase in transactions and a 77% increase in total dollars.                                                                                           
The Wall Street Journal documents the turnaround in Aspen’s real estate market, earning Aspen the title of The Most Expensive Town in America. The median price for single-family homes in Aspen is now the highest in the country at $4.6 million, topping the Hamptons, Beverly Hills and Palm Beach.

With spring arriving in the high country it is time for spring cleaning which can lead to dangers of hantavirus infection. Precautions should be taken whereever mice or mouse droppings are present. Hantavirus can be a very dangerous and even deadly disease. The disease can be contracted by breathing dust from mouse droppings, even without direct contact. Open doors or windows to provide good ventilation for 30 to 60 minutes before cleaning out structures. Avoid stirring up dust and kill the virus by watering down areas of mouse infestation with a mixture of bleach and water. Wear gloves, goggles and dust masks. Rodent-proof buildings. Conduct year-round rodent control using traps or poisons, or hire a professional exterminator, don’t wait until the mouse population spikes. Keep indoor areas clean, especially kitchens. Store food in rodent-proof containers. This includes pet, livestock and bird food. Properly dispose of garbage in sealed containers. For more information, go to www.health.mesacounty.us

RECORD DEC. SALES IN VAIL
The town of Vail set an all-time record for sales tax collections in December, with receipts of $2,953,733. That total is almost 20% over the budget projection and 15.7% higher than December 2009. Total sales tax revenue for the town through Nov. 30 was up more than 20% from the same period in 2009

THE BOOM TIMES ARE BACK?
“Best show ever.” “I’ve never seen it this positive.” Those are just some of the comments from manufacturers at this year’s SnowSports Industries America Show that wrapped up Sunday in Denver. The show, by all accounts, was a return to the boom times and the snow sports retail market is expected to hit $3.1 billion for the first time.

X GAMES: SMASHES RECORDS
An estimated total of 114,200 people attended ESPN’s Winter X Games 15 during its four games at Buttermilk this year, topping the previous record of 85,100 for the 2001 games at Mt. Snow, Vt. by 40%. At least three of the four days of the X Games this year set marks for highest attendance in Aspen for that respective day.

HOME IMPROVEMENTS IMPROVING                                                         Home Depot Inc. will hire more than 60,000 seasonal workers — including more than 800 in the Denver area — to help with its busy spring season. In December, Home Depot boosted its 2010 earnings and revenue outlooks on stronger sales. The chain also said it plans to open 10 new stores in 2011, including seven in Mexico.

FRISCO ADVENTURE PARK A HIT!                                                             The Frisco Adventure Park opened to the public on Dec. 11 and has proven very successful, generating $228,214 in revenue. The Frisco Town Council held a work session Tuesday to consider future plans for the park, including options of adding an ice rink, a Nordic center building, maintenance facility, rock/ice climbing wall, zip line and others.

Okay, so I have been working with some clients for well over 6 years...and I happened to mention this fact to my neighbors who said, "Just think of all the fun times they have missed by not buying earlier."  You know, she's right....

So therefore, the question of the day is, what are you waiting for??  Prices aren't going to drop significantly any longer, in fact, some are going up a bit and interest rates are headed up too. 

I know each of you have specific reasons for not purchasing earlier but if you really love Summit County, Colorado, now is the time to buy.   Don't wait any longer!!

Give us a call at 970.368.7000 or check out our website at www.YourSummitRealEstate.com for more information.   Thanks!

If you have been wanting to buy a home in the mountains but have been waiting for the prices to go down further let me show you why waiting will cost you more than just time. Most experts believe interest rates will continue to climb as the economy improves. You must look at the total cost of ownership not the price of the home to understand the big picture. Here is an excellent blog that explains in detail; http://kcmblog.com/2011/02/11/the-cost-of-waiting-for-prices-to-fall/

Call today, scarcity is increasing.

Copper Mountain, CO…February 4, 2011…Copper Mountain is excited to announce that this summer we will begin construction on a new chairlift, replacing the High Point fixed grip double chair located at the base of Union Creek, which has served Copper faithfully since 1976.

 The new lift will provide improved service to all levels of skiing and riding ability. The lift, manufactured by Doppelmayr USA, will have a new alignment to help improve skier and rider circulation in and out of Union Creek. In conjunction with the new lift, the addition of a new trail connection from the east will make the circulation from the Catalyst Terrain Park and the tremendous beginner and intermediate terrain in the area, much easier. 

 “I have been skiing at Copper since college and when Powdr purchased Copper, we did so with a goal of enhancing and improving the on-mountain experience,” says John Cumming, President and CEO of Powdr Corp. “I am very excited about taking this first step.”

 The new lift will have a capacity of 2,400 people per hour, a length of 4,937 vertical feet, with a vertical rise of 1,005 feet. The ride time will be 5 minutes, a fraction of the current lift ride from Union Creek to mid-mountain now. The top terminal will be realigned slightly uphill and to the east of the current High Point lift. The lower terminal will move to the East side of the Schoolhouse. Construction of the new lift is scheduled for June 1, 2011. 

 “After a year of significant infrastructure investments in snowmaking, parking and much more, we are excited to announce a more visible on-mountain improvement,” says Gary Rodgers, President and General Manager of Copper Mountain Resort. “We view the new lift as a critical step in improving the Union Creek skiing and riding experience for all ability levels.”

 Copper Mountain would like to recognize the US Forest Service, and specifically the White River National Forest team, for being a great partner throughout this entire process.