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  • RE/MAX- Dominating the Summit County Real Estate Market

    People ask me all the time if there really is a benefit to using Remax when buying a second home or investment property. This video pretty much sums it up for you. Remax dominates the Summit County real estate market- and for good reason. They are the leaders in closed transactions in Keystone, Breck, Silverthorne and Frisco! When listing or buying a home clients feel more confident using a company that is known to get results. Roger and I have been selling real estate with Re/Max for almost 20 years because we are confident in their knowledge and experience in the real estate world. When making a large purchase such as buying a second home or investment property, I know that I personally like the familiar names who have proven themselves. You don’t want to gamble with an untried mom and pop company. Please call if you have any questions and we can talk more. Snow is almost here so don’t forget to secure your winter reservations early!

  • Second home vrs. investment property? What to consider.

    Investment vrs second homeMost Buyers at some point reach a difficult real estate crossroads: Do they renovate an existing home to fit their current needs, or do they go out and buy another house that’s already the way they like it?

    This is a question with no one-size-fits-all answer.

    The most important issue is location. Are you buying a ski in ski out property for rentals or do you want something you and the family can enjoy as well? Or maybe you want a cabin in a more rural area of Breckenridge.

    The second major question is budget: Is it more economical to renovate your new purchase or buy another one? The answer to this question will depend upon your desires, your budget and your needs. Many buyers tell me they want an older property so they can renovate. Before you do this, consider trying to do this if you live out of state. Many families can make this work and enjoy it. Also consider the higher cost of supplies and labor in the mountains.

    After considering all this if you still want an older property, start with your list in hand. Consult with a realtor or builder. A realtor can discuss re-sale issues with you and a builder can tell you about pricing and timing.

    With over 15 years in the Breckenridge real estate market, we do have a great team of people to refer you to. We are also happy to answer any questions you might have if this is an idea you are considering. Click the blue/gray “Live Chat” button above or click here to send us an email.

  • Market update in Breckenridge for Vacation Properties and Second homes

    Vacation home in BreckenridgeWondering what the average price history is for 2014 thus far? Well, here you go.

    
Average residential pricing continues to be highly consistent as of July. We are happy to see consistent numbers after the recession. Consistent means that our real estate market is holding its value and is stable.

    Here’s some numbers for you:
    Single family: $799,222
Multi-family (meaning condos and townhomes): at $362,783
Vacant land: $372,880

    Residential volume is also doing really well with 158 transactions and topping $79 million in gross volume. 12 of those properties were sold for $1M or more in July alone. This brings us to a higher active price point than previous months at $300K to $400K. The $500-600K price point was also high with 22 transactions! Here’s the full breakdown:

    55 single family homes
    103 multi-family homes
    14 vacant land sales.

    Overall, we are really happy with the performance of the market this July. Properties are selling and they are selling fast and with stable prices. Considering buying or selling a second home or vacation home? Now is a great time! Click here to get started.

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