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Allison Simson

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Displaying blog entries 1-10 of 577

3 Things To Avoid After Applying for a Mortgage

by KCM

Before making any big purchases, moving money around, or making any big-time life changes, consult your loan officer. They will be able to tell you how your decision could impact your home loan.

November Market Update - Kelie Gray

by Kelie Gray
 

With many mountains opening, winter's officially here! We are excited that Keystone and Breckenridge have both reported record snowfall for the month of October. 

As you can see in my video, this is just a brief market update. For those of you that would like more details or to discuss how the market affects you personally, let’s talk! What are you doing for lunch next week?!!

With the graph below, I have included some additional interactive statistical links. These numbers will dive deeper into the comparison of the past to the present market.
  • There are approximately 630 active listings, and less than 450 under contract. Things are moving!
  • Still low interest rates
  • Very high consumer confidence
  • We will continue to see price appreciation and growth, but at a much slower pace than we have seen in the past several years.
Remember that even though many are predicting a recession before the next presidential election in 2020, this does not mean there will be a housing crisis.
The actual definition is 2 or more consecutive quarters of negative GDP growth. 
Check out this great article: "How will the Next Recession Affect the Housing Market" 
Interesting, right? Recession does NOT necessarily equal a housing crisis. 

I would love to be your local resource for all things Summit County.
I also have a great network of referral brokers across the country.
Consider me your local real estate expert!
1 of only 7 Summit County Real Estate Brokers with this Elite Designation.

The Summit Area Specialist Designation differentiates REALTORS
®
 who dedicate themselves through education, community involvement, and transactional experience. Those who gain the Summit Area Specialist Designation will have the localized knowledge, production, expertise, and community involvement to better serve Summit County, Colorado.
 
 
Click on image for an interactive graph
Additional Interactive Graph Links:
Active Listings
Average Days on Market
Median Sold Price Per Sq Foot
Median List Price to Sale Price Ratio
 
"Kelie Gray is the best. She helped us in our move from Indiana to Summit County. Working remotely with her was super easy and the process happened without any issues. Looking forward to working with her again." - Don Chastain


  Kelie Gray    Real Estate Matchmaker
  C: 970.406.0537      970.468.6800  
  
[email protected]
  SummitRealEstate.com


 
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Real Estate sales in Summit County's third quarter

by Allison Simson

It's been a chilly couple of weeks here in Summit - record lows for this time of year. BRRRR! Fall came and went in a hurry!  Real Estate sales in Summit County's third quarter of this year were down a bit by 5 percent. The median sales price of Summit County's single family homes increased 11% from September 2018 to September 2019, while the median sales price of townhouses and condos increased 14% in September compared to the same month a year ago. 

Looking only at price, you might think real estate is going gangbusters in Summit County real estate, but market dynamics have definitely changed in the last quarter, with increasing inventory, more days on the market, price reductions are more common and showings are down. Many of the strongest real estate markets across the country are seeing similar softening, and while we now have more properties on the market than anytime since 2014, inventory still has not recovered to historic levels.

Buyers do have more housing choices and can take more time analyzing the details of every home, while pricing for sellers has become more important than ever with the market normalizing.

Economic conditions in Colorado remain favorable with 2 percent unemployment, increasing job creation, an outstanding outdoor lifestyle and strong economy. Low interest rates are also a big plus!

If you have questions about any specific segment of the market, give us a call or shoot us a text/email- We LOVE to talk Real Estate! 

Warmly,

Allison Simson

Gallup surveyed Americans on their choices for best long-term investments, and reveals the stability of housing as a long-term investment.

Don't Fall into the Rental Trap

by KCM

62% of renters indicate they believe they are losing money by renting- and rents only continue to increase. Don't fall into the rental trap! If you're currently renting, let's get together to explore your homeownership options.

Summit Real Estate's Deena Heppner Sponsoring Fundraiser

by Allison Simson

Join Us! A Fundraiser to benefits our local Silverthorne Climbing Gym!

When: November 5th, 2019 6:00 pm

Where: Summit Climbing Gym 1291 Blue River Parkway Silverthorne (Next to Habitat ReStore)

What: Watch the latest (often sold out) Reel Rock installment "Reel Rock 14". Plus FREE Beer/Pizza and a Rad Raffle!

View Trailer "Reel Rock 14":

Get Reel Rock 14 Tickets click on image:

 


FRISCO — Upgrades are coming to some of Frisco’s community parks.

The Frisco Town Council unanimously passed a resolution to adopt a new Neighborhood Parks Master Plan at its regular meeting Tuesday night, opening the door for an estimated $3 million worth of improvements in the next five years.

“These final neighborhood park concept plans are the result of a comprehensive community outreach process that stemmed from our community plan update last fall,” Community Planner Susan Lee said. “These were the parks that rose to the top in terms of community desire for improvements.”

The new plan was developed following a special public meeting held in November 2018 — along with online surveys, site visits and conceptual design development by Norris Design — prioritizing improvements to Walter Byron Park, Meadow Creek Park, Pioneer Park and Old Town Hall Park.

The plan outlines a number of upgrades and capital improvements for each of the parks based on community feedback.

Instead of completing all of the outlined improvements at one park at a time, Lee said the town likely would mix and match when it jumps into projects within the parks.

At Walter Byron Park, the plan details almost $1.5 million in improvements including upgrades to create a year-round restroom facility, incorporating new playground equipment, providing more access points to Tenmile Creek and creating additional gathering areas for things like picnics.

The upgrades at Meadow Creek Park, expected to cost about $676,000, largely revolve around efforts to improve safety and optimize use during winter. The plan for the park includes reconfiguring parking and landscaping to improve visibility in the park, installing overhead lighting over the pond, improving ice skating amenities, creating better connections to trails in the area and investing in new playground equipment.

The plan also outlines more than $320,000 worth of improvements at Pioneer Park, including better maintenance on tennis courts, the addition of a new nature play area for kids, and infrastructure investments to improve drainage and signage, among other projects.

Finally, the plan anticipates about $550,000 in upgrades to the Old Town Hall Park. The plan calls for the development of a more functional urban plaza space so that the park serves as a kind of extension of Main Street, along with improved amenities like better lighting and additional seating. The plan also includes the installation of a small stage that could be used as an outdoor classroom, and the development of interactive play features for kids.

While there aren’t any hard timelines on the park improvement projects, the town is expected to begin putting out requests for proposals to contractors next year. The town budgeted $750,000 for park improvements in 2020, beginning with Walter Byron and Meadow Creek parks.

The first phase of improvements scheduled for next year includes the restroom and playground upgrades at Walter Byron Park, followed by safety and landscaping improvements at Meadow Creek Park.

FRISCO — Coloradans are hopping on board with public transportation, according to new numbers released from Bustang, Colorado’s statewide bus service.

The service launched in 2015 and officially celebrated its fourth anniversary earlier this month, when community members from around the state highlighted the Colorado Department of Transportation’s work on the project, noting the rapid increase in the number of residents choosing to bus their way across the state in lieu of driving.

“We’re grateful for the support we’re getting from the riders in Colorado,” said Mike Timlin, Bustang program manager with CDOT. “People see the value in the service, and we’re pleased to offer it. The way people have responded, I believe they want to see this continue to expand.”

Bustang provides public transportation across the state, offering three main lines and a few Outrider services that launched last year ranging from Grand Junction in the west to Lamar in the east and from Fort Collins in the north to Alamosa and Durango in the south. Passengers utilizing the service get to ride in relative style, with each of Bustang’s coaches offering restrooms, bike racks, USB and 110v outlets, and even free Wi-Fi.

Since the first year Bustang began operating, ridership has grown steadily from just over 102,000 riders to more than 238,000 in 2018-19. This year’s ridership numbers also represent a significant 23% jump from 2017-18 when just more than 194,000 riders utilized the service.  

For stakeholders around the state, the program’s evolution is a huge step in the right direction. Danny Katz, director of the Colorado Public Interest Research Group Foundation, said the project has dramatic effects on issues surrounding accessibility, safety, economics and more.

“When you think about our transportation system, it has so many different impacts on Colorado,” Katz said. “It impacts our health, there are safety issues, affordability issues and accessibility issues. Too long has our transportation system been dependent on a system that requires you to own and operate your own vehicle just to get around.

“Traditionally, the kinds of vehicles we drive are producing a lot of pollution. It’s expensive to own and operate your own vehicle, and something like 10% of Coloradans don’t even have a driver’s license that are of driving age. There’s people who can’t or choose not to drive, so we need those other options. … I applaud CDOT for recognizing that they have a good system that deserves to expand and grow, and that’s what they’ve been doing.”

On the west line — which runs from Denver to Grand Junction through Summit County, with a stop at the Frisco Transfer Center — ridership also saw a considerable 69% swell in less than a year, expanding from 38,625 riders (July 2017 to June 2018) to 65,332 (July 2018 to March 2019).

“This is a huge impact for all those local communities up there,” Katz said. “A few thousand cars can really cause a lot of congestion and pollution in your local communities. So an option like this is a really good thing, and I think that ridership growth shows there’s a real need along the I-70 corridor to get around on a bus. It’s a good example of where this is really going well.”

Timlin said that given the quick growth on the west line, CDOT has had some issues keeping up with demand over the past year. Though, the department is already working to address the issue. Since winter, CDOT has added five new busses to its fleet bringing the total from 19 to 24, in addition to seven Outrider busses. Timlin said Ace Express Coaches of Golden, which is contracted to operate Bustang, also recently hired more employees to help meet increasing demand.

The extra capacity likely will be put to the test right away. CDOT is planning on expanding services later this year, beginning with pilot routes from Denver to Estes Park and Rocky Mountain National Park on weekends starting in fall. CDOT also is hoping to expand services to Pueblo and the Interstate 70 corridor in December. Perhaps most notable is ongoing planning for a project called Snowstang, which would provide service directly to ski areas from December to April. Timlin said recruiting already has begun to get ski areas on board but noted that Arapahoe Basin Ski Area and Loveland Ski Area already were committed.

While plans are somewhat ambitious, CDOT spokesman Bob Wilson said Bustang’s ongoing expansion largely will be tied to the availability of resources and funding.

“It’s exceeded all of our expectations,” said Timlin, reflecting on the past four years of the program. “We do annual planning on what we think we’re going to see in growth and ridership, and it continues to exceed that greatly. … If I had to grade it, I’d give it a resounding A.”

Source: Summit Daily 

A Recession Does Not Equal a Housing Crisis

by KCM

Recently, there's been a lot of news surrounding an impending recession. However, the same experts predicting an economic slowdown also believe it will not be caused by the housing market. If you're thinking of buying or selling a home, there's no need to panic- let's get together to address your concerns and talk about what's really happening.

10 Easy Hacks to Save Money Around the House

by Bomb Bomb

I hope you’re enjoying your first few weeks of fall and (hopefully) cooler temperatures. With the changing of the seasons, it’s a great time to take a fresh look at your home and make tweaks that will help you save money this fall and winter. 

Ten ways you can adjust your habits and make small, affordable household hacks that will lower your utility bills — and in many cases, help the environment. 

If you’d rather look for a new home that’s more energy-efficient, please let us know; We'd be happy to help!

Displaying blog entries 1-10 of 577

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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