Brand New Listing in Warrior's Mark

 

I just listed this 2 bedroom/loft unit in the Timbernest condominium project.  Located just a little over a block to the Quicksilver lift at the base of Peak 9.

Top floor, two-level, quiet corner unit with new kitchen, appliances and carpet. 

Updated furniture and décor, vaulted ceilings, open floor plan, and large, private deck. Ideal location,

 just a 3-5 minute walk to the Quicksilver ski lift in the Peak 9 Village and to Main Street, and next to a newly built pool/hot tub complex. 

Avg. rentals of $70k/year, so bring your buyers quickly to secure a short-term rental license. Includes a deeded, covered parking space + 1 unassigned parking space.

Contact me today:  Click here to email me or call/text 970-485-0293 for more information.

More Aspen Photos

 

This is a photo I took just yesterday of the aspens in my backyard.  They are just beginning to change colors.  Most of the aspens around Breckenridge have already changed.  Most are yellow/gold, but you can see the red leaves on a tree in the background.

Photos: Explosion of golden fall foliage captures Summit County

 

If you can't make it up to see the aspens, here's the next best thing.

Click on the following link:

Click this link to view lots of aspens

Enjoy beers, brats and more at Brecktoberfest this weekend

 

Breckenridge is trying to bring back its standard Oktoberfest as much as possible; however, the traditional beer and German food will be packaged in a slightly different format with the coronavirus pandemic still present. Instead of an open Main Street festival, this weekend’s Brecktoberfest is a ticketed affair taking place inside of the Riverwalk Center and on the venue’s lawn.

Similar to the Breckenridge Wine Classic, dispersed vendors and tables will give attendees plenty of room to enjoy food and drinks throughout the area. The Riverwalk Center will have seating inside as well as music and festive dancing at the stage.

Austyn Dineen, former spokesperson for the Breckenridge Tourism Office, said organizers hope the Main Street festival will return in 2022. Yet, she believes there is an audience for both events.

#breckenridge #realestate #breckenridgerealtor #colorado #breckenridgerealestate #buyinbreckenridge.com

If you go

Brecktoberfest

When: 11 a.m. to 2 p.m. and 3-6 p.m. Sept. 24-26

Where: Inside and on the lawn of the Riverwalk Center, 150 W. Adams Ave., Breckenridge

Cost: $50 per session. Visit GoBreck.com to purchase.

Fall Family Fair

When: 1-6 p.m. Sept. 24-26

Where: Breckenridge Creative Arts District campus

Cost: Free

Summit County sees 1st dusting of snow down in town

 

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Summit County residents woke up to early signs of winter Monday, Sept. 20 — the season’s first dusting of snow to fall as low as Breckenridge.

Paul Schlatter, meteorologist at the National Weather Service in Boulder, said snow fell in Summit County above 9,000 feet. He estimated that 1 to 3 inches of snow accumulated above treeline. Schlatter said the storm that brought the frost was not a strong weather system as it only rained slightly in lower elevations and there was no precipitation east of Summit County. The rain and snow was concentrated along the Continental Divide and Western Slope, including Steamboat Springs and Aspen.

But does this bit of snow mean the peak of fall colors is over? “Not necessarily,” Schlatter said.

Florida Landlord Requires New Tenants to Get Vaccinated

 

A property owner with 1,200 units in South Florida is mandating that any new tenant over the age of 18 or any tenant wishing to renew their lease must provide proof of a COVID-19 vaccine. But even as the property owner faces fines from the city, he says he refuses to change his rule.

Santiago Alvarez, who owns the 1,200 units, says he put the requirement in place because he has had at least 12 tenants die from COVID-19. He’s also requiring all employees to get vaccinated.

“I think my decision was right, and I will defend it any way I can,” Alvarez told CNN. “If I get fined, I will go to court with it.” So far, two tenants and two employees have left due to his vaccine policies, he says. Alvarez owns eight apartment buildings in Broward and Miami-Dade counties.

The new policy could create a standoff with state officials. Florida’s governor, Ron DeSantis, announced a Florida Department of Health rule that bans vaccine passports, which means people will not be required to show vaccine passports as a condition of entry or service. There is a $5,000 fine for each violation.

Read the full story here

#colorado #coloradorealtor #coloradohomes #firstsnow #coloradorealestate #breckenridge

Breckenridge passes short-term rental cap on 1st reading

 

Well, the fools on the Breckenridge Town Council have begun the process to devalue all the properties in Breckenridge as well as eventually kill our tourism business.

Those who spoke at public comment overwhelmingly opposed the move

The Breckenridge Town Council voted unanimously on first reading to pass an ordinance capping the number of nonexempt short-term rental licenses at 2,200, following nearly five hours of public comment overwhelmingly against the move.

The town also received more than 450 emails for public comment, which were shared with Town Council. Council members.

Jim Langland said the cap is government overreach, taking away private property rights with public policy, and encouraged council to send the matter to voters.

“Breckenridge is a destination town built for tourists, and they have come. And now the council is trying to limit lodging choices, giving an unfair advantage to hotels (and) timeshare companies. And the one-unit owner loses out,” Langland said. “Timeshares have hurt town and now are exempt. That’s wrong.”

Summit Mountain Rentals owner Mary Waldman asked that the cap be raised to a higher number and said that while the council members have said they “have to do something,” they have also admitted this won’t lead to a large-scale conversion back to long-term rentals. She also said much of the data the decision is being made off of includes exempt properties, which would not be affected by the cap.

“As I watched the last Town Council meeting, it broke my heart to hear you throw out numbers as you toyed with the livelihood of my staff,” Waldman said. “The very locals you want to protect (laughed as if) it was a game bidding for a lower number.”

Despite an overwhelming amount of pushback, Summit County Commissioners approve a temporary short-term rental license moratorium

 

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Despite an overwhelming amount of public comment pushing back against the move, the commissioners approved the measure.

The meeting was held both virtually and in-person, and the public was allowed to comment through either means. At one point, nearly 100 attendees were tuned in via Zoom, and close to 30 members of the public visited in person.

Most of the commentators voiced their skepticism that the moratorium wouldn’t produce the results that the county desired, and some, such as Meredith and Jason Adams, of Mountain Living Real Estate, and Adam Parker, owner of property management firm Summit Luxury, declared that they didn’t think the county should have the authority to make these kinds of decisions.

“I’d like to point out the obvious,” said Adams. “Today, I’ve heard a lot of really good, thoughtful statements, and I think the overwhelming majority of them are not interested in this moratorium or don’t believe that it is the right course of action. I think that’s what I want to point out — that I understand there’s a problem here, but I really think short-term rentals are just the easy villain in this picture and that this moratorium is really not solving the problem.”

Parker acknowledged that the county and similar areas like Vail have affordable housing issues but said he believes targeting short-term rentals isn’t the answer.

“We don’t want to challenge the very nature of resort towns, which are visitors, because of a culturally common issue,” he said.

Some commentators didn’t think this measure would be successful in part because of how some use their units. Owners of short-term rental units usually purchase their properties because they’d like to use them throughout the year. If they aren’t able to rent the properties out, many of them will sit vacant.

Other commentators, such as Boulder resident Katie Davis and Karen Frisone, managing broker and owner of K.O. Real Estate in Denver, noted that some people purchase their units and short-term rent them out to help pay for their mortgage and bills.

“I have some clients right now who are actively trying to negotiate a contract on a property in unincorporated Breckenridge,” Frisone said. “It’s a multimillion-dollar property, and the lower unit is a short-term rental that they would consider using for passive income, and maybe long-term, but mostly they want to use it as a family. How you vote today is whether or not they decide to move to this area.”

To that, Lawrence said she does not think it is appropriate that the county insert itself into these matters.  So just what does Lawrence think the commissioners are doing with this new rule?  They ARE inserting themselves into these matters.

https://www.summitdaily.com/news/local/despite-an-overwhelming-amount-of-pushback-summit-county-commissioners-approve-a-temporary-short-term-rental-license-moratorium/

Summit County Real Estate Trends

 As postcovid life continues, many real estate enthusiasts have kept a close eye on the market. What people want in a home has shifted as well. More people than ever are continuing to work from home and thereby feel new needs, wants, and desires in a home. Coupled with low interest rates there has been an insatiable demand in the housing market. Below are a few of the most helpful statistics in comparing
in 2021 versus 2020. 

• There has been a 39.1% increase in home sale prices from 2020 to 2021

• The average medium home sale price is $915,000

• Average days on market in 2021 is only 11 days compared to 36 days in 2020

• August 2020 had 104 home sales compared to only 59 home sales in August 2021

What this information can tell us is that there is still a strong demand for homes for sale and buyers are willing to pay a hefty premium. August is historically a low volume sales month for home sales. As kids go back to school many families are not looking to make a big move this time of year unless it is absolutely necessary. However, the lower number of home sales this particular August is simply due to low inventory. There is an abundance of buyers and homes are selling, faster than ever! 

It is a fabulous time to be a seller if you are considering selling your home. The “bubble bursting” that many conservative buyers are waiting for is simply not happening. Home sale prices continue to rise, as inventory remains historically low. If you need helping finding the perfect home for your family please feel free to reach out to our team. We understand how difficult it can be navigating this unique real estate market. 

Housing demand is greater than ever but Colorado is building fewer homes than expected. Here’s why.

 

The industry has been dealing with labor issues since recovery began from the Great Recession. After the housing bubble popped after 2007, construction workers nationwide left the business. In Colorado, the state shed 59,000 construction jobs between 2007 and 2011, according to the state Department of Labor and Employment. Many workers retired early. Some never returned. 

But there was also a lost generation of potential workers who never even considered a career in construction, said Bernard M. Markstein, chief economist with Markstein Advisors who follows construction trends.

“We’ve got a society that (thinks), ‘Mama, don’t let your children go into construction,’” Markstein said. “Construction is seen as a dirty, dangerous occupation with low pay and that’s not at all true. Construction pays higher than average. (Younger workers are) going to college and going into what we generally call white collar jobs.”

In March, Associated Builders and Contractors, a trade association representing the non-union construction industry, looked at data from the Bureau of Labor Statistics and said it needed another 430,000 craft professionals this year. For every $1 billion in new construction spending, the industry estimates it needs 5,700 new workers. And according to Markstein Advisors, construction spending is likely to reach $1.45 trillion in 2021, up 1.3% from 2020.

Read the full story here

Summit County’s short-term rental license switch must be made by the end of September

Owners of short-term rentals in unincorporated Summit County will need to switch their permits over to licenses before the end of the month.

According to a blog post from the county, all permits issued before July 1 must be converted to a license before Sept. 30. If a permit has an expiration date of Sept. 30, 2021, then owners will also need to submit a $75 fee to keep their license active for the next year.

To switch over from a permit to a license, owners will need to complete the online process on the county’s website. Those with questions should call 970-668-4186 or email str@summitcountyco.gov

The Rush to Limit Short Term Rentals - Now Summit County is considering it

 

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Short

The Summit Board of County Commissioners next week will consider placing a moratorium on the issuance of new short-term rental licenses in unincorporated parts of the county.

Housing was again the main topic of conversation at the board’s meeting Tuesday, Sept. 7, as officials continue to seek out solutions to address the county’s lack of attainable workforce housing. In time, the county plans to roll out a package of incentives to try to entice short-term rental owners to convert their properties to long-term rentals, part of an ongoing discussion surrounding the “opportunity zone” concept officials have been discussing for the past few months.

As county staff works to iron out the details of what those incentives could look like, and which neighborhoods make the most sense to target, officials say a moratorium on new licenses would give them a chance to breathe and focus on the task ahead.

5 Reasons Today’s Housing Market Is Anything but Normal

 

There are many headlines out there that claim we’re reverting to a more normal real estate market. That would indicate the housing market is returning to the pre-pandemic numbers we saw from 2015-2019. But that’s not happening. The market is still extremely vibrant as demand is still strong even while housing supply is slowly returning.

When…

1. Mortgage rates are near historic lows
2. Price appreciation is at historic highs
3. Housing inventory is less than half of the normal amount
4. The time it takes to sell a home is cut in half, and
5. There are twice as many offers on each house

…it’s hard to say we’re in a normal market.

Breckenridge short-term rental owners concerned license cap will decrease property values

 

Please write our Mayor at:   mayor@townofbreckenridge.com and let him know what your feelings are about the proposed cap on short term rentals.  Such a cap WILL effect all our property values in a negative way.  If enough of us contact him and express our concerns perhaps the Town Council will come to it's senses and not pass such a draconian measure. 

Here's the story in today's Summit Daily news concerning this matter:

Breckenridge is looking to cap short term rentals but local vacation homeowners are concerned about how this could impact their property values.

Property owners have expressed understanding of the issue in residential areas, but many noted that there are areas and complexes in town designed to be high-density, short-term lodging for vacationers. In particular, owners along the Four O’Clock corridor fear the impact of licenses being nontransferable at sale.

Abby Epperson, a Realtor who owns a unit and lives full time at the Park Place Plaza condominiums on the corner of Four O’Clock Road and Park Avenue, said the town should consider exempting this corridor. While she lives in Breckenridge for most of the year, she short-term rents her home whenever she is away. She said the inability of a new owner to get a short-term rental license will decrease the value of all the properties at the base of the ski area.

“What the council is proposing is a serious, purposeful devaluation in our property prices,” Epperson said

Your Agent is Key When Pricing your House

 

#breckenridge #colorado #coloradohomes #coloradorealtor #summer #winteriscoming #coloradorealestate

Here’s why experts believe the U.S. is in a housing boom and not a bubble

 

The U.S. housing market has been an unlikely beneficiary from the Covid-19 pandemic.

During the pandemic, home prices have climbed at a record pace. The median price for an existing home reached over $363,000 in June 2021, a 23.4% year-over-year increase.

“You can see in just basically the last 15 months or so, we’ve seen a dramatic acceleration in home price growth to levels we haven’t seen in decades,” CoreLogic chief economist Frank Nothaft said.

However, according to most experts, the market is shaping up to look more like a boom rather than a bubble.

“We say bubble because we can’t believe how much prices have gone up,” CNBC real estate correspondent Diana Olick said. “A bubble tends to be something that’s inflated that could burst at any minute and change and that’s not really the case here.”

While speculation certainly is a factor, the main cause for the current housing demand is low mortgage rates. At the start of the pandemic in March 2020, the 30-year fixed-rate mortgage rate sat at 3.45%. By July of this year, that number had dropped to 2.87%.

Supply is also an issue. According to the National Association of Realtors, the U.S. has underbuilt its housing needs by at least 5.5 million units over the past 20 years. That’s a stark comparison to the previous housing bubble in 2008 when overbuilding was the issue.

“So we’ve got a boost in demand that’s due to record low mortgage rates and we’ve got a shrinkage of supply,” Nothaft said. “So between more demand and less supply, prices are up and they’re up at the fastest pace since the 1970s.”

https://www.cnbc.com/2021/09/02/heres-why-experts-believe-the-us-is-in-a-housing-boom-not-a-bubble.html

#breckenridge #colorado #coloradorealtor #coloradohomes #summer #winteriscoming #coloradorealestate

Ice Castles in talks to build attraction outside Silverthorne

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 There won’t be any ice castles in Dillon this winter, but the attraction still might find its way back to Summit County.

Dillon announced  that the ice castles typically constructed on top of Town Park wouldn’t return for the upcoming winter, primarily as a result of major capital improvements at the park, which include a new multiuse field where the castles have been erected the past three years.

“At the time, what was going on was there was work being done on elements of the Town Park Master Plan, and the investment to the Town Park versus the investment that would be needed from Ice Castles for their infrastructure, the waters were just becoming a little murky there based on timing and the different needs of the project,” Dillon’s Marketing and Communications Director Kerstin Anderson said.

Silverthorne Town Manager Ryan Hyland said Wednesday, Sept. 1, that Silverthorne officials have been in talks with Ice Castles to bring the attraction to a parking lot near the Dillon Reservoir dam, just outside of town limits. There are a lot of players taking part in those conversations. Hyland said the lot is in unincorporated Summit County, owned by Denver Water, leased by Silverthorne and subleased to the Outlets at Silverthorne, an agreement he said has been in place since the 1980s.

#breckenridge #colorado #coloradorealtor #coloradorealestate #winteriscoming #coloradoinvestmentrealestate #coloradohomes

Breckenridge Creative Arts announces proof of vaccination policy

All venues and studios managed by Breckenridge Creative Arts will require either a proof of vaccination or a negative COVID-19 test, effective Sept. 15. This includes events at the Riverwalk Center, Breckenridge Theater, The Eclipse Theater and all other structures within the Arts District campus.

According to a news release, the negative test must be within 48 hours of the event. The policy follows in the footsteps of similar measures taken by The Lake Dillon Theater Company, will require either a proof of vaccination or a negative COVID-19 test, effective Sept. 15. This includes events at the Riverwalk Center, Breckenridge Theater, The Eclipse Theater and all other structures within the Arts District campus.

According to a news release, the negative test must be within 48 hours of the event. The policy follows in the footsteps of similar measures taken by The Lake Dillon Theatre Company,  and venues in Vail,.

The policy is broken into two phases, and negative tests will not be accepted after Oct. 31. Beginning Nov. 1, proof of vaccination is required for all guests 12 and older, and masks are encouraged when not actively eating or drinking. Children ages 2-11 must wear masks at all times. Additionally, all venue staff and volunteers will be required to wear a mask and to be vaccinated.

#breckenridge #breckenridgerealestate #coloradorealestate #coloradohomes #coloradorealtor