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Colorado Tops in Nation for Home Appreciation

by Denver Business Journal

Colorado Tops in Nation for Home Appreciation

 
BLOOMBERG Denver House For Sale
 
The prices for single-family homes rose faster in Colorado than they did anywhere else in the country, according to a new report by CoreLogic.

The year-over-year appreciation stood at 8.4 percent in December for the state, compared to 5 percent for the country as a whole, Inside Real Estate News reports. Texas was second to Colorado, with an increase of 7.8 percent.

CoreLogic found prices for homes in metro Denver posted a year-over-year increase of 9.81 percent, second only to Houston's 10 percent.

News & Views Magazine, Summit County Real Estate Market

by Allison Simson

For all the news that's fit to read about Summit County and the real estate market here, click on the cover to our News & Views magazine below.  Enjoy!

Here's to hoping the New Year brings you blue skies, green lights and endless powder days!

What Will Matter

by Allison Simson

Happy Tuesday Morning to YOU!

Every year at this time we can't help but stop and see how much we have to be grateful for.  We are so lucky to work with amazing people from around the world and to enjoy the support of a great group of humans who we truly love!  Thank you from the bottom of our hearts for being a positive part of our world! 

What Will Matter “Ready or not, some day it will all come to an end.   There will be no more sunrises, no minutes, hours or days.   All the things you collected, whether treasured or forgotten, will pass to someone else. Your wealth, fame and temporal power will shrivel to irrelevance.    It will not matter what you owned or what you were owed.

Your grudges, resentments, frustrations and jealousies will finally disappear. So too, your hopes, ambitions, plans and to-do lists will expire. The wins and losses that once seemed so important will fade away. It won't matter where you came from or what side of the tracks you lived on at the end. It won't matter whether you were beautiful or brilliant. Even your gender and skin color will be irrelevant.

So what will matter? How will the value of your days be measured? What will matter is not what you bought, but what you built; Not what you got, but what you gave. What will matter is not your success, but your significance. What will matter is not what you learned, but what you taught. What will matter is every act of integrity, compassion, courage or sacrifice that enriched, empowered or encouraged others to emulate your example. What will matter is not your competence, but your character.

What will matter is not how many people you knew, but how many will feel a lasting loss when you're gone. What will matter is not your memories, but the memories that live in those who loved you. What will matter is how long you will be remembered, by whom and for what. Living a life that matters doesn't happen by accident.

It's not a matter of circumstance but of choice.

Choose to live a life that matters.”                                                                                      
                              ~ Michael Josephson

One of the best things about living and spending time in Summit County, Colorado is the chance to get quiet and still and enjoy the quiet snowfall in the beauty of the majestic mountains.  This holiday season, we hope for you and yours love, peace and some stillness!

See you on the slopes!

Warmly,

Allison Simson, Owner/Broker
Kelie Gray, Buyer Specialist
Sarah McNeill, Buyer Specialist
Glenda Pfeifer, Buyer Specialist
Jen O'Neill, Client Care Manager
Margaret Bowes, Transaction Coordinator

Why Wait til Later When it Makes More Sense to Buy Now

by Allison Simson

5 Reasons to Buy A Home Now Instead of Spring

Based on prices, mortgage rates and soaring rents, there may have never been a better time in real estate history to purchase a home than right now. Here are five major reasons purchasers should consider buying:

Supply Is Shrinking

With inventory declining in many regions, finding a home of your dreams may become more difficult going forward. There are buyers in more and more markets surprised that there is no longer a large assortment of houses to choose from. The best homes in the best locations sell first. Don’t miss the opportunity to get that ‘once-in-a-lifetime’ buy.

Price Increases Are on the Horizon

Prices are projected to appreciate by over 25% from now to 2018. First home buyers will probably pay more both in price and interest rate if they wait until the spring. Even if you are a move-up buyer, it will wind-up costing you more in net dollars as the home you will buy will appreciate at approximately the same rate as the house you are in now.

Owning a Home Helps Create Family Wealth

Whether you are rent or you own the home you are leaving in, you are paying a mortgage. Either you are paying your mortgage or your landlord’s. The Fed, in a recent study, revealed that the net worth of the average homeowner is 30 times greater than that of a renter.

Interest Rates Are Projected to Rise

The Mortgage Bankers Association, the National Association of Realtors, Freddie Mac and Fannie Mae have all projected that the 30-year mortgage interest rate will be over 5% by the end of 2014. That is an increase of almost one full point over current rates.

Buy Low, Sell High

We would all agree that, when investing, we want to buy at the lowest price possible and hope to sell at the highest price. Housing can create family wealth as long as we follow this simple principle. Today, real estate is selling ‘low’ compared to where it will be next year. It’s time to buy.

What are YOU Thankful for this Year?

by Allison Simson

Ahhhh, Thanksgiving!

A time to enjoy family, friends and food!  We are so thankful to you for helping Summit Real Estate have another successful year.  We appreciate you and know that the relationships we have and the friends we have made are what make a life worth living!  THANK YOU!! 

We tend to forget that happiness doesn't come as a result of getting something we don't have, but rather of recognizing and appreciating what we do have. Frederick Keonig.

Our many thanks to you... be sure to gobble til you wobble on Thursday!

Here's your feel-good video of the week....

http://www.wimp.com/footballplayers/

News and Views is Here!!!!

by Allison Simson

Happy Tuesday to YOU!

Hope your holiday weekend was full of fun! 

Hot off the Press - Summit County, CO News & Views Real Estate Report

We just released the summer edition of Summit Real Estate News & Views, our recap of the local real estate market trends as the year gets underway as well as local information and the summer events calendar!

Here is the link for the Summer 2013 Real Estate News & Views! .

Enjoy it, and as always, if you would like more specific information about any particular segment of the market or complex, please reply to the email and we'll get you some information ASAP! 

And Here's Your Morning Coffee!

Vote Summit Real Estate Best of Summit County!

by Allison Simson

The Summit Daily News is conducting its annual "Best of Summit" contest and again this year Allison Simson is one of the nominees for Best Real Estate Agent!  We are thrilled to be included and would be so honored to have your vote!

With your support, Summit Real Estate has been voted one of Summit County’s top 3 favorite real estate companies for the last three years.  We'd love to be your favorite again in 2013. THANK YOU! 

It's a fun contest and if you'd like to vote, we've included the online link for your convenience.

Click the Best of Summit Icon below that will direct you to the link to vote.

To begin making your choices for your favorite Summit County establishments, you will need to sign in, or register as a new user. We’ll send you the full report of all the favorites when it comes out!

Click through your choices until you get to the Best of 2013 – Best Real Estate Agent category - Vote Allison Simson –Summit Real Estate 

We appreciate it. Voting ends July 6.

We are beyond grateful for your consideration, and who knows?  You might just make our year!

If you were in the mountains, you know that the weather was glorious and that lots of people were here!  The kick-off to summer is here and we are busy! 

Are you curious how the market is doing in Summit County, or specifically in any of our charming towns?  Here is the run-down:

1) Breckenridge
2) Dillon
3) Frisco
4) Keystone
5) Summit_County_Update
6) Wildernest / Silverthorne
 

For more specific information about any particular complex or subdivision, give us a holler!  We can give you all the details to help you make informed decisions about Summit County real estate! 

Is now a good time to purchase a second home?

by Allison Simson

Question:  We are considering purchasing a second home in Summit County, CO…we are nervous about the economy, of course, but it has been a dream of ours for a very long time.  Is now a good time?

Answer: Good question!  Yes, there is cause to be nervous about the market and the global economy, AND the things that you love about Summit County and the benefits that owning here will bring to your family are priceless.  Sometimes it helps to take a look at what the rest of the country is doing…. according to Keeping Current Matters and a report from the National Association of Realtors, vacation homes sales were on the  rise in 2012!

“The American desire to own a second home as a vacation home is alive and well!

The National Association of Realtors analysis of U.S. Census Bureau data shows there are 7.9 million vacation homes in the U.S. Their 2013 Investment and Vacation Home Buyers Survey shows vacation home sales improved in 2012.

NAR Chief Economist Lawrence Yun said favorable conditions are driving second-home sales:

“We had a strong stock market recovery, which helps more people in the prime ages for buying vacation homes. Attractively priced recreational property is also a big draw.”

Here are the key findings from the report:

Raw Numbers

  • Vacation-Home sales rose 10.1 percent to 553,000 from 502,000 in 2011
  • Sales accounted for 11% of all transactions last year, unchanged from 2011
  • 35% of vacation homes purchased in 2012 were distressed homes

Buyer Profile

  • The typical vacation-home buyer was 47 years old
  • The median household income was $92,100
  • Buyers plan to own their recreational property for a median of 10 years
  • 29% said they were likely to purchase another vacation home within two years
  • 78% of all second-home buyers said it was a good time to buy (compared with 68% of primary residence buyers)

Reasons for Purchasing

Lifestyle factors remain the primary motivation for vacation-home buyers:

  • 80% want to use the property for vacations or as a family retreat
  • 27% plan to use it as a primary residence in the future
  • 23% plan to rent to others
  • 23% wanted to diversify their investments or saw a good investment opportunity

Location

  • 45% of vacation homes purchased last year were in the South
  • 25% in the West
  • 17% in the Northeast
  • 12% in the Midwest

The vacation home buyer purchased a property that was a median distance of 435 miles from their primary residence

  • 34% were within 100 miles
  • 46% were more than 500 miles

Financing

  • 46% of vacation-home buyers paid cash in 2012

The median down payment was 27%, the same as in 2011

So, while you can never be 100% certain about the real estate market, signs are pointing toward increased consumer confidence in the market. 

For answers to your real estate questions, call Allison at 970-468-6800. Email - [email protected]. Her philosophy is simple, whether buying or selling, she understands that the most important real estate transaction is yours.  Want to know the value of your Summit County property? Visit www.SummitHomeValue.com   

What your money can buy ~ The perfect mountain home in Summit Cove

by Sarah McNeill

Buck Ridge Townhome – Summit Cove

It’s the perfect mountain home. This gorgeous two bedroom, two bathroom townhome is split over two levels with vaulted ceilings and attached oversized garage. High end finishes include slate, granite, stainless steel appliances, stone fireplace, log accents, washer/dryer, 6 panel doors, large deck with mountain views plus ground floor patio. Just a few steps out the back door and you are in the hot tub. The playground is located in a park like setting plus a grilling area for those group gatherings!  The bike path is right outside the front door plus you are so close to the Keystone Ranch trails including the Nordic Center. Walk to Lake Dillon, the Cala Inn and the Summit Stage bus stop. Minutes to Keystone, Arapahoe Basin and Breckenridge.

Listed for $320,000, 80 Stag Trail will go fast.

Don’t wait, give your broker or Summit Real Estate a call to see this bright and updated townhome today! 

   

Looking to Buy?  Not ready to speak to a broker?  Visit
www.SummitHomeBuyer.com

Meet Sarah McNeill, at Summit Real Estate-The Simson Team. Devoted to  working with Buyers, Sarah can be reached at (800) 262.8442 or (970) 468.6800, www.SummitRealEstate.com or email at  [email protected]

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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