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Spring has officially sprung in Summit County - The lake is thawed! 

The Rotary Club of Summit County announced the winners for the 33rd annual Ice Melt Contest on Tuesday. Locals finished in the top three spots in a competition that often comes down to the second.

The ice device dropped on May 7 at 16:44:35. Darlena Marmins took first place, Robert Feuerriagel was second and Melissa Greenwood took third. The winner will receive $4,000, second place gets $2,000 and third place takes home $1,000.

Summer is around the corner - the Tiki bar will be open in Dillon for Memorial Day weekend! 

What is the real estate market doing in Summit County? We have had an active first quarter that has been comparable in number of sales to last year.  Interestingly, the number of sales is flat, but the sales volume continues to climb - an indicator that prices continue to rise 

You've heard me say it before - In Summit County, our real estate market historically tends to lag behind the Denver and national markets by 18-24 months.  There is some consensus from national economists that real estate prices will likely increase around 4% this year.  So far, we are following that trend here. 

Give us a call at 970-468-6800 or text at 970-389-1234 or go to www.SummitHomeValue.com for an instant valuation of your property.  

The summer sales season is fast approaching. Let us know if you are ready to sell and would like to take advantage of this great time to sell! 

 

 

 

See you on the trails! 

Allison Simson | Broker/Owner

Summit Real Estate

Spring skiing!

by Allison Simson

I hope you enjoyed the Easter/Passover weekend!  It was lovely here in Summit (well, OK, it was cloudy and gray, but the snow is melting and the crocus in my garden are poking their heads up through the mud! 

In Summit County 'mud season', when things slow down, normally starts after Easter because that is when the ski resorts mostly closed in the past. This year is unique as it is the first time in around 20 years the Breckenridge is going to staying open through Memorial Day.  And they have stated this will continue in the future.  A-Basin is also still open, of course, and will likely make it into June. This change could cause a slight shift is real estate purchasing patterns.  I will track any changes and let you know. 

Here is a mortgage rate update in case you are thinking of purchasing this spring:

  • Rates rose 0.04% this week as US unemployment rates continue to drop, inflation numbers showed minimal movement, and strong economic data out of China was released. 
  • Despite the small increase in rates over the first two weeks of April, rates are still down 0.18% since the beginning of March and still significantly lower than in 2018.
  • The combination of a 50 year low for unemployment, controlled inflation, and historically low rates should benefit home buyers preparing for spring.

The spring selling season has begun!  Let me know if you are curious about the value of your property, or want us to keep a lookout for the perfect property for you.  

Scoop on Ski resort closing dates

by Allison Simson

Well...the ski season will be winding down in the next few weeks here in Summit County (except, of course, for A-Basin - they aren't closing until June!)

Some of my favorite skiing happens as we get close to closing day - the days are warmer, the snow is softer and most of the big crowds are gone.  And best of all - lots of fun music and events happening at all of the resorts.  

ALSO - of note....the real estate inventory in Summit County always increases after the resorts close down.  Keep your eyes open for your perfect mountain getaway!  

Here's the scoop on closing dates from The Summit Daily News:

Several local resorts have announced their tentative closing dates, along with events to coincide with one of the best seasons in recent memory.

Arapahoe Basin Ski Area, which is shooting for a June 2 closing date, will celebrate closing weekend with live music on Saturday, June 1 and Sunday, June 2 at the Mountain Goat Plaza. The springtime event will feature a free, family-friendly concert from 1 to 4 p.m. For more information, visit ArapahoeBasin.com.

Ski Cooper’s closing weekend celebrations through April 7 will feature a Ski with a Ranger program and live music, along with other festivities for guests. Cooper is also offering a $25 spring daily lift ticket deal from April 1 to 7. For more information, visit SkiCooper.com

Copper Mountain Ski Resort will end its season with its traditional pond skim with a twist at its eighth annual SlopeSoakers contest. Competitors will end the season in style by skimming across floating rails on April 20. On Copper’s closing day, the Retro Shred-a-Thon will return with retro gear to raise funds for injured mountain action sports athletes. Guests are encouraged to reach out for pledges and donations to the High Fives Foundation and wear throwback gear including one-piece snowsuits, shaped snowboards, long poles and straight skis. For more information, visit CopperColorado.com.

Loveland Ski Area will feature “Live Music at the Basin” on May 4 for its closing weekend, with a live performance from A-Mac & The Height. Guests will also be able to enjoy spring skiing, drink specials and live music from 2:30 to 5:30 p.m. Loveland will team up with Never Summer and Toyota for the second annual Neverland Banked Slalom. The snowboard race will take place off of Lift 6 and all ages and abilities are welcome. For more information, visit SkiLoveland.com.

Keystone plans to close April 7- which has some shaking their heads with all of the snow we've had here....but to make up for it, Vail Resorts has extended the closing date at Breckenridge to Memorial Day!  

See you on the slopes!  

And Here's Your Morning Coffee!

 

Warmly,

Allison Simson  Owner/Broker

 

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Photo of Summit Real Estate Real Estate
Summit Real Estate
The Bright Choice
330 Dillon Ridge Way, Suite 10
Dillon CO 80435
970-468-6800
800-262-8442
Fax: 970-468-2195

Allison Simson, Owner/Broker, is a licensed Colorado Real Estate Broker