Incredible value at the base of Peak 9 in Breckenridge

 

Real Estate News from Nancy Yearout ​ ​ Calling all Breckenridge Buyers - 405 Village Road #1044 in the Chateaux Condomium Hotel, the premier building in the Village at Breckenridge is the Least Expensive two bedroom luxury Downtown condo that is Ski in/Ski out on the market today! ​ ​ Excellent rental and investment property with views  and it's turn-key, ready for the 2021 ski season.  Call me today! (click picture to view interactive virtual tour) ​View full details of listing - S1015978 ​ ​ ​ Nancy Yearout Broker Associate RE/MAX Properties of the Summit 970-485-0293 nyearout@colorado.net ​

Ski area capacities to be reduced starting today

 

Ski area capacity will be further reduced as a result of Summit County’s move to level red on the state’s COVID-19 dial.

The county’s latest public health order, which was issued Friday, Nov. 20, requires Summit County ski areas — including Arapahoe Basin Ski Area, Breckenridge Ski Resort, Copper Mountain Resort and Keystone Resort — to work with the local public health agency to further reduce their daily capacities, which already were reduced in each ski area’s existing COVID-19 operating plan.

County Manager Scott Vargo said the capacities would be set by public health Tuesday, Nov. 24, and take effect Wednesday, Nov. 25.

The county has not shared specific capacity limits at ski areas.

Ski areas consider skier visits to be proprietary, and the county has cited public records law language that protects trade secrets.

https://www.summitdaily.com/news/ski-area-capacities-to-be-reduced-starting-wednesday/

Least Expensive 2 Bedroom Luxury Downtown Condo

 

Real Estate News from Nancy Yearout ​ ​ Calling all Breckenridge Buyers - 405 Village Road #1044 in the Chateaux Condomium Hotel, the premier building in the Village at Breckenridge is the Least Expensive two bedroom luxury Downtown condo that is Ski in/Ski out on the market today! ​ ​ Excellent rental and investment property with views  and it's turn-key, ready for the 2021 ski season.  Call me today! (click picture to view interactive virtual tour) ​View full details of listing - S1015978 ​ ​ ​ Nancy Yearout Broker Associate RE/MAX Properties of the Summit 970-485-0293 nyearout@colorado.net ​

October Real Estate Report

 

Nancy Yearout's Real Estate News Breckenridge  Frisco  Silverthorne  Dillon  Keystone  Copper   October Sales Continued an Upward Trend ​Sales in August were up 36%, in September they were up 73% and in October they were up 77%! Year to date sales are now up 9%. Average Sold Prices still on the Rise  In August, the average sold price started the upward trend by increasing by 3%. In September, that increase surged by 17%, and in October, the average sold price for residential sales in Summit County increased by 21%. The average sold price for Summit County, year to date, is at $895,000. Single Family Home Sales Home sales are up 20% with an average sold price increase of 8%. October home sales increased by 87% with an average sold price increase, over October 2019, of 44%. Resulting in the year to date average sold price for a home in Summit County of $1,467,171. Condominium Sales ​Condo sales are up10%, with an average sold price increase of 6%. October condo sales increased by 95% with an average sold price increase, over October 2019, of 9%. Resulting in the year to date average sold price for a condo in Summit County of $535,773. Inventory of Properties for Sale The current inventory of properties for sale continues to decline. The inventory is down 63% from last yea. How many properties were for sale by town? Breckenridge 104, Frisco 11, Copper 4, Silverthorne 30, Dillon 9, and Keystone 29.  _________________________________________________________________________ What will happen in 2021?  If history repeats itself as it has since 1993, the future looks pretty bright for resort real estate values. Stay well, safe... Nancy Yearout Broker Associate RE/MAX Properties of the Summit 970-485-0293 nyearout@colorado.net https://www.realestate-breckenridge.net getmobile.remax.com/nancyyearout Source: Sold Data from SAR MLS.  Stats pulled on 11/13/20. *SAR MLS Data  Annual sales 1/1 through 10/31. *Residential Sales (home, Condo, Townhome & Duplex),  Change is Year over Year or 2020 vs 2019. **The information contained herein is based on information provided by others. Accordingly, we make no guarantee of its accuracy and suggest you make an independent inquiry of any matters you regard as important.

Summit County’s adoptable pets for the week of Nov. 15, 2020

 

Sigma

Call the shelter at 970-668-3230 with questions. The most recent list of animals available for adoption can be found via their website.

Cats

BOOTS, 3 years, domestic shorthair, brown tabby, neutered male

CHASE, 6 months, domestic shorthair, grey tiger, neutered male

CYAN, 3 years, domestic mediumhair, orange, spayed female

FLUFFY, 2 years, domestic longhair, black, spayed female

HOUDINI, 6 months, Maine coon, brown tabby, neutered male

NAVEL, 5 months, domestic shorthair, orange tabby, neutered male

PATCHES, 1 year, domestic shorthair, dilute calico tabby, spayed female

ROCKY, 6 months, domestic shorthair, brown and orange tabby, neutered male

SIGMA, 3 years, domestic shorthair, black and white, neutered male

SPITZ, 6 months, Maine coon, brown and orange tabby, neutered male

SWEETIE, 9 years, domestic mediumhair, cream and brown, spayed female

TOBY, 3 years, domestic mediumhair, brown tabby, neutered male

Dogs

AXEL, 4 years, Labrador retriever mix, black, neutered male

CLEO, 3 years, Chinese sharpei and Australian cattle dog mix, black and white, spayed female

FLASH, 1 year 7 months, Siberian husky mix, black and white, neutered male

HOLLY, 2 years, German shepherd, black and tan, spayed female

JACK, 1 year 5 months, Australian cattle dog and Australian kelpie mix, tan, neutered male

LUCAS, 4 years, pit bull terrier, blue and white, neutered male

MAX, 3 years, German shepherd and shiba inu mix, brown and tan, neutered male

STANLEY, 1 year 1 month, black mouth cur mix, red and black, neutered male

Guinea pigs

MARSHMELLOW, 11 months, Guinea pig, white and orange, unaltered female

MOCHA, 11 months, Guinea pig, brown, unaltered female

TOMMY, 1 year, Guinea pig, black and white, unaltered male

Buyers Face Double-Digit Home Price Gains Across Metro Areas

 

Home prices continue to climb in a market with limited number of homes for sale and high buyer demand. The majority of major metros across the U.S. posted double-digit price gains in the third quarter. Single-family existing home prices increased in all 181 metro areas tracked in the National Association of REALTORS®’ latest quarterly report, released Thursday.

The price of single-family homes surged 12% year over year to $313,500. The Western region of the U.S. led the country in price appreciation, up 13.7%, followed closely by the Northeast at 13.3%, the South at 11.4%, and the Midwest at 11.1%.

Sixty-five percent of the metro areas tracked by NAR reported double-digit price gains compared to a year ago. As a comparison, in the second quarter, less than 10% of the metro areas recorded double-digit increases.

The housing markets seeing the largest price spikes in the third quarter were led by Bridgeport, Conn. (27.3%); Crestview, Fla. (27.1%); Pittsfield, Mass. (26.9%); Kingston, N.Y. (21.5%); Atlantic City, N.J. (21.5%); Boise, Idaho (20.6%); Wilmington, N.C. (20.6%); Barnstable, Mass. (19.4%); Memphis, Tenn. (19.1%); and Youngstown, Ohio (19.1%).

“In light of the pandemic, prices jumped in a number of metros that contain larger properties and open space—where families could find extra rooms, including areas for an at-home office,” says Lawrence Yun, NAR’s chief economist.

Breckenridge Ski Resort announces opening day terrain

 

Breckenridge Ski Resort, which opens at 8:30 a.m. Friday, Nov. 13, has announced it will open with 90 acres of terrain. According to a news release, open trails will include Springmeier, 4 O’clock and Trygve’s accessed by the BreckConnect Gondola, Colorado SuperChair, 5-Chair and Rip’s Ride.

Reservations, which are required to access the mountain, can be made for the opening week at EpicPass.com or Breckenridge.com. Face coverings also are required to access the resort.

According to the release, the resort will continue to make snow as often as possible and is working to expand terrain toward Peak 9.

Summit County 2020 real estate sales surpass $1 billon as Realtors see record-breaking September

  With more than $344 million in sales, September was a record-breaking month for Summit County real estate. 

According to Land Title Guarantee Co., which compiles data from recorded deeds at the Summit County Clerk and Recorder’s office, September’s sales volume was up 87% from what was seen in the same month last year, and it’s far beyond every September since 2008. 

The September numbers are on top of what has been a crazy busy year for those in the real estate business. Total year-to-date sales have surpassed $1.3 billion.

Despite the hot market, year-to-date sales volume is just 1% above that in 2019, according to Land Title. That’s because March through June were below 2019 during the shutdown. Now summer and fall sales are reflecting pent-up demand.

“I haven’t seen numbers like this in my memory,” Summit Realtors President Dana Cottrell said.

The county also saw 387 listings go under contract in September, which is 57% above September 2019, according to Land Title. The increase in sales combined with already low inventory shows that homes are selling faster than ever, Cottrell said. 

“There’s not much on the market, so when it hits, it’s a competition,” she said. 

Breckenridge releases recording of illegal Town Council executive session

 

The town of Breckenridge has released a recording from a Breckenridge Town Council executive session held illegally Tuesday, Nov. 3, regarding a transit center and workforce housing project proposal by Breckenridge Grand Vacations.

At the public portion of the meeting, Breckenridge Grand Vacations CEO and co-owner Mike Dudick proposed partnering with the town to move the transit center near the Watson Street roundabout and Park Avenue on land that he would provide for free. Workforce housing units on the Gold Rush lot also were proposed.

Council members then asked questions about the proposal before going into executive session, where the project was discussed privately among council members and staff. Immediately following the executive session, Mayor Eric Mamula said the council decided it would not be interested in either the transit center or workforce housing proposals.

While entering an executive session to discuss negotiations is allowed, Colorado Open Meetings Law permits only limited discussion as it pertains to negotiations and prohibits any type of decision-making, informal or otherwise.

According to media attorney Steven D. Zansberg, the executive session should have been public. He cited the Open Meetings Law, which states that the adoption of a position cannot occur at an executive session that is not open to the public.

Update: State approves Keystone Resort’s plan to open Friday with top-to-bottom skiing

 The state has cleared the way for Keystone Resort to open for the season at 9 a.m. Friday, Nov. 6, with top-to-bottom skiing and riding out of River Run Village.

Summit County Manager Scott Vargo confirmed Thursday evening that the Colorado Department of Public Health and Environment had approved Keystone’s operating plan.

Passholders who’ve made a reservation will be able to hit more than three miles of trails over about 60 acres via the River Run Gondola, Summit Express and Montezuma Express lifts, according to a press release. Open trails include Schoolmarm, Silverspoon, Last Chance, Jaybird, Dercum’s Dash, lower River Run and Endeavor.

With its Friday opening, Keystone will be the first ski area in Summit County to open for the 2020-21 winter. Keystone will be spinning its lifts for skiing and snowboarding for the first time since the novel coronavirus pandemic halted last season in mid-March.

As of Thursday afternoon, reservations to ski and snowboard through the resort’s opening weekend were full. Reservations for Monday through Nov. 13 remained available. Additional week-of reservations will open to passholders Wednesday for reservations through Nov. 20, the release stated.

The ski resort implemented the reservation system for passholders as part of its novel coronavirus protocol.

The reservations that were opened to season passholders Thursday are week-of reservations, which will be unlimited to season passholders, pending availability.

All Vail Resorts properties also will allow passholders to book up to seven priority reservation days at a time that are more than a week away. The waiting room to reserve priority days will open at 7 a.m. Friday, and passholders will be able to make reservations starting at 8 a.m.

The reservation system is exclusive to passholders through Dec. 7.