Real Estate Articles

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Real estate sales in Summit County are anything but scary – they’re rather impressive!

New under contract activity remains very strong, in fact last week was at a level usually only witnessed during the peak summer selling season! Sales are up, the average sold price is up and the pending properties are holding at over 400 still (they have been that way all summer long)…this is a very impressive wind down to our summer selling season here in Summit County, Colorado.

FYI: That 400 pending represents about 30% of what has already closed this year and there are still three months left.

Interesting: Summit County residential properties that are under contract today have a higher average list price than what has sold this year (over $100,000 higher). In fact, if what is under contract today closes at an average sold price at the same list/sell ratio the county has witnessed so far this year the average sold price is going to move up.

The Average Sold Price So Far by Town for Residential Sales

Summit County Real Estate Sales 2015

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The importance of home staging for selling your Breckenridge Home

home-staging-for-mountain-home

Most homeowners know when selling a home, it is important to keep a home clean, bright and free from clutter. But these days when trying to sell your mountain home or condo, taking the extra step by home staging can make a difference in how a buyer values it and the price a seller might get for it.

“Realtors know how important it is to have a home in the best shape possible when showing it to prospective buyers. “At a minimum, homeowners should conduct a thorough cleaning, haul out clutter, make sure the home is well-lit and fix any major aesthetic issues. Another option is staging a home, which Realtors often suggest to sellers to help prospective buyers better visualize themselves in the home and could modestly increase the home’s value for both the buyer and seller.

staging-your-breck-home-to-sellOne report found that 49 percent of surveyed Realtors who work with buyers believe home staging usually has an effect on the buyer’s view of the home. Another 47 percent believe that staging only sometimes has an impact on a buyer’s view of the home only.
Realtors on the buyer side believe that staging makes an impact in several ways; 81 percent said staging helps buyers visualize the property as a future home, while 46 percent said it makes prospective buyers more willing to walk through a home they saw online. Forty-five percent said a home decorated to a buyer’s tastes positively impacts its value.

home-staging-breckenridge-real-estateRealtors representing both the buyer and seller agreed on two major points in the report—which rooms should be staged and the change in dollar value a buyer is willing to offer for a staged home compared to a similar not-staged home. Realtors ranked the living room as the number one room to stage, followed by the kitchen. Rounding out the top five rooms were the master bedroom, dining room and the bathroom.
“Working with a realtor gives buyers, sellers and investors the advantage they need to succeed in today’s market, as they know what buyers want and how to best market and stage a home for sale while many factors play into what a home is worth and what buyers are willing to pay for it, staging is an excellent tool that can be used to give a home a little extra push for sellers.

By Teresa Moen