Market News

• The Mortgage News Summit County Has Been Waiting For!

  Friday, March 20th, 2009

  A message from the desk of Terrence J. Power:
  Power Mortgage Corporation - www.powermort.com - 970-453-3997
  March 18, 2009
  Today the Federal Reserve Board announced that it is increasing the amount of mortgage backed securities that it will buy from $500 Billion to $1.25 Trillion dollars in an effort to further reduce mortgage rates and improve the housing [...]

• Economic Stimulus for Summit County First Home Buyers

  Thursday, February 19th, 2009

  The federal government authorized a stimulus package that is a great opportunity for first time home buyer’s.  The American Recovery and Reinvestment Act of 2009 offers up to $8,000 for qualified first-time home buyers purchasing real estate as a principal residence on or after January 1, 2009 and before December 1, 2009. This is an [...]

• Summit County & Breckenridge Real Estate Market Conditions - 2008 Review

  Wednesday, January 28th, 2009

  2008 Summit County, Colorado Year-End Statistics & Market Conditions
  Also see “Keeping an Eye on 2009″
  $ volume sold thru Sept. 2008 : $824,000,000 – ↓ 30%
  4th Quarter $ volume : $237,287,900 – ↓ 46%
  Total # of 2008 of transactions : 1,834 – ↓ 43%
  Ave. price for a residential unit : $582,545 – ↑ 10.2%
  Despite near record [...]

• Breckenridge Real Estate Market Conditions - Keeping a Close Eye on 2009

  Wednesday, January 28th, 2009

  Keeping a Close Eye on 2009
  So far, prices of Summit County and Breckenridge real estate remain relatively stable, but rest assured, buying patterns are down and the abundance of inventory has created a buyer’s market for the first time since 2002.  The Breckenridge real estate market has experienced price reductions recently, but prices are merely [...]

• Breckenridge & Summit County Real Estate Market Conditions and Sales Statistics

  Tuesday, August 19th, 2008

  The market has not changed much since the July 21 report, however there have been renewed signs of strength in the market in the late summer. Typically August and September are the busiest months for real estate in Summit County and we have seen evidence that pattern is consistent.
  This the fourth year in a row [...]

• Breckenridge & Summit County Real Estate Market Conditions

  Monday, July 21st, 2008

  After a three year run of defying national market conditions, Breckenridge and Summit County real estate markets are experiencing change. Last fall, the lending meltdown was a major catalyst for change. The situation is not bleak, but the difference in just a few months is amazing. Now with great difficulties obtaining a loan and the [...]

• Summit Under Changing Market Conditions in 2008

  Sunday, June 1st, 2008

  After 3 years (’05-’07) of record appreciation (20% +) in the Breckenridge real estate market, there has been a notable shift in the market that started around the turn of the year. Likely due to national economic conditions, buyer demand has decreased noticeably allowing inventory to build up, especially for properties under $400,000.
  Despite the [...]

• Keystone Real Estate Market Conditions

  Sunday, June 1st, 2008

  Keystone, Colorado also seems to be slowing a little in demand recently, but conditions still favor sellers currently.  There have been many new listings in the last month and not many have gone under contract. This listing surge is normal behavior this time of year as summer is the busy real estate selling season.  In [...]

• Copper Mountain, Colorado Real Estate Market Conditions

  Sunday, June 1st, 2008

  As mentioned above, the towns down the valley from Breckenridge experience market changes after Breckenridge feels them.  Copper Mountain was the last to enter the intense seller’s market, and it looks like it will be the last to leave it as well.  In short, Copper Mountian is still in a full blown seller’s market with [...]

• Frisco, Colorado Real Estate Market Conditions

  Thursday, May 1st, 2008

  There is not much to say about this real estate market as it doesn’t seem to ever budge.  Frisco real estate is consistently amazing.  I like to call it the “iron horse” of Summit County real estate.  The Town of Frisco tends to be a local’s favorite as far as communities go, and it’s the [...]

• Breckenridge Market Update

  Wednesday, January 23rd, 2008

  By Keith Kirchner - Jan 23, 2008
  The Little Market That Could
  Summit County vs. The Front Range & The U.S.
  The trend holds for another year in 2007
  - Number of transactions in 2007 FLAT
  - Dollar volume sold in [...]

• New Developments in Summit a Common Sight

  Monday, January 21st, 2008

  One of the tell tale signs of a soaring real estate market is a builder/ investor’s confidence in new construction. Even at a time when new construction is selling at $900/ft. and more, both buyers and builders are finding that the timing is right. In the last three years, the sound of hammers and [...]

• Real Estate in Summit Still Strong - Mid Summer Report

  Wednesday, August 1st, 2007

  August 1, 2007 - Mid Summer Report
  At no surprise… sellers still have the upper hand in Summit this summer. Properties have been selling regularly in 2007 as expected, and at rising prices, however there is a notable rise in inventory this summer, particularly in Breckenridge. Despite the increase in inventory, there [...]