Tag Archives: Anne Skinner

How to Be a Competitive Buyer

For interactive version click here.

Back on the Market – Leadville Single Family

Back on the Market at NO Fault of the Sellers!

$660,000

$695,000
618 W Chestnut St.
Leadville, CO 80461


  • 2 bedroom / 2 bathroom
  • 1,418 sqft
  • Fantastic location in downtown Leadville close to the Mineral Belt, hospital, Harrison Ave, and more!
  • Great layout with tons of storage and beautiful built-ins
  • Large garage with amazing additions: mechanic pit, engine lift, and ventilation system
  • Three outbuildings including a dedicated carpenter shop
  • stainless steel siding great for Leadville winters.

Live in the heart of downtown Leadville on this seven lot single family home with wonderful mountain views and great additions! These include, but are not limited to: a garage with a mechanic pit, an engine lift, a vent system, and a dedicated carpenter shop. Enjoy the beautiful south-facing natural light inside where you’ll find hardwood floors upstairs and custom built-ins. In the warmer months relax in your very own wildflower garden grown from seeds collected in the surrounding mountains!



Floorplan:


For your private showing or more information please contact me:

Skinner Team and KW

February 2022 Market Stats Summary

Here is where you can find all the latest info on the Summit County, CO market from Anne & Danielle of The Skinner Team. Including our market stats video series and information compiled by the Land Title Guarantee Company.

A Summary of February 2022 Market Stats Info:

Archived Market Stats Videos


Please note that Land Title data comes from actual recorded transactions at the County Clerk and Recorder’s Office for that particular month. The information is not directly related to MLS data. The data is an unofficial tabulation of Summit County Records that are believed to be reasonably accurate. If you choose to utilize this marketing information in any publications or websites, please make sure you are quoting Land Title as your source. You are welcome to utilize this link within your own websites.

  • Market Analysis by Area for December 2021: There were a total of 183 transactions and $205,268,620 in monetary volume. The average transaction price for all 18 reported areas, plus Deed Restricted transactions, was $1,166,045, average residential price was $1,177,393 and average residential PSF was $704.
    • Market Analysis by Area YTD 2021 (12 Months): There were a total of 2868 transactions totaling $3,053,165,389 in monetary volume. Average transaction price was $1,090,082, average residential price was $1,117,682 and average residential PPF was $677.
    • Market Snapshot for FULL Years 2021 vs 2020:  Average Indicators for $: Single Family +24, Multi- Family +24% and Vacant Land +37%. Median Indicators for Single Family +21%, Multi- Family +22% and Vacant Land +38%.
    • Market Analysis % Change YTD December 2021 and Final 2021 Recap: Monetary volume in December 2021 was down 13% from December 2020. Transactions were down 35% from December 2020.  Final 2021 numbers, $ volume is 31% up and transactions are up 2% from full year 2020.
    • Residential Cost Analysis:  Residential volume in December had 148 transactions with $174,254,119 gross volume. There were 70 properties that sold for $1M and above in December. There were 59 Single Family, 89 Multi-Family and 14 Vacant Land transactions in December 2021. In 2021, there were a total of 895 Residential Single Family, 1459 Multi Family and 180 Vacant Land transactions.
    • Average Price History by Type- 2021: Average price for residential Single Family: $1,717,028, Multi- Family: $750,022 and Vacant Land: $504,480.
    • Comparative Historical Cost Analysis Comparison 2021-2020-2019: Full year 2021, there were 2,354 residential transactions and $2,631,022,363 gross $ volume with 887 properties selling for over $1M. In 2020, there were 2291 transactions with $2,069,655,256 gross $ volume with 658 properties selling for over $1M. In 2019, 1933 transactions with $1,586,910,706 gross $ volume with 454 properties selling for over $1M.
    • Top Lender Analysis December 2021 and Full Year 2021 There were 463 loans in December, 127 loans were related to sales, there were 227 REFI’s and 109 loans were timeshare related. Cash transactions made up 31% of real estate closings. In 2021, there were 7.016 loans, 1,917 loans were related to sales, there were 3,474 REFI”s and 1,625 loans related to timeshares. 33% of the real estate closings were cash transactions in 2021.
    • Foreclosure 2021 Update: The year of 2021 closed out with 63 total foreclosure actions – 56 of those were for timeshares.
    • Market Highlights:  Please see page 11 of the Market Analysis. Note the higher priced sale in December 2021 in Breckenridge at $5,250,000. The top priced PSF was in Breckenridge (One Ski Hill Place) at $1821.
    • Purchaser Profile Abstract:  There were 76 upper-end sales in December 2021 compared to 93 in November. Our buyers for real estate transactions for December 2021: Local buyers are at 23%, Front Range, 44% , Out of State ,33% and 0% International buyers. There is also a graph included showing demographic trends through 2013 on page 18.
  • Thank you for your continued loyalty to Land Title.

Please reach out with any questions.

Brooke Roberts

December 2021 Market Report 

New Construction Opportunities

New Construction
Presented by The Skinner Team| KW Top of the Rockies
February/March 2022

We strive to keep our information up to date, however, please keep in mind that new construction availability changes on a day-to-day basis

Highlands Riverfront | Blue River

Luxury Living on the Blue River. Dedicated acres of open space provide an open community setting with riverfront access directly across from White River National Forest. Offering duplexes and single-family homes by Breckenridge Lands, a developer with over 60 years of experience delivering luxury homes in Breckenridge.
https://highlandsriverfront.com/

Kindred Resort | Keystone

A new neighborhood Kindred (One River Run) will complete the Keystone River Run base area and be a state of the art, amenity rich, mixed-use development Featuring a Luxury Ski In/Out Hotel and 95 Luxury Ski In/Out condominiums ranging from 1-4 bedrooms.
https://kindredresort.com/

Angler Mountain Vistas | Silverthorne

Residential homes just below the Ptarmigan Wilderness area on 35 acres with unparalleled views of the Gore Range.  Offering two level mountain modern homes with generous west facing decks. This subdivision borders open space allowing for quick access to trails and hiking. 
https://anglermountainvistas.com/

Summit Blue | Silverthorne

A new community offering both single family residences & townhomes situated along 350 feet of private access to the Blue River in Silverthorne. Located within a short walk of the best recreational and retail amenities in Silverthorne. https://www.livesummitblue.com/

Apres Shores | Silverthorne

Mountain residences on the shores of the blue river within walking distance of Silverthorne’s newest restaurants, shopping and entertainment. 60 mountain modern residences, an onsite owner’s clubhouse and views of the Gore mountain range
http://apres-shores.com/

Elevation | Vail

Vail’s newest premier mountain contemporary living, ELEVATION is located in the heart of Lionshead Village, just steps from the gondola and the world’s premier ski and summer resort area. Nine total residences, with only three currently remaining for sale including one three bedroom, one four bedroom and the penthouse. Amenities include a private gym, spa, parking spaces, outdoor firepit, ski lockers and more. 
www.elevationvail.com

Legacy at Vail Square | Vail

Luxury residences steps from the Lionshead gondola, from a team that’s been here since the very beginning. Legacy at Vail Square capitalizes on one of the last great locations in Vail. As such, each residence prioritizes a spacious, modern layout with a stunning views of Vail Mountain and the Vail Valley at large. Each new home boasts expansive views and balconies that face the mountain slopes. Offering 2, 3 & 4 bed residences. 
www.legacyvail.com

The Lion | Vail

The Lion is one of Vail’s newest luxury properties featuring studio to four-bedroom residences to rent on vacation or become an owner yourself. The Lion’s private and quiet location is just a short walk to ski slopes, ski school, restaurants, and shopping within Lionshead Village.
www.thelionvail.com

Altus | Vail

Vail’s only brand new, boutique residential unlike anything to hit the real estate market in decades. Supremely private and intimate, only 8 move-in-ready residences remain, perched above the Gore Creek with views up-mountain and out across the village. Instant access right out the door connects you to Vail’s premier dining, shopping, and entertainment, plus Gondola One is just a short walk away. Designed to live like single-family homes with spacious interiors and private features like semi-private elevator access, generous outdoor decks, and incredible views. Offering 2-5 bedrooms. 
www.altusvail.com

Frontgate Avon | Beaver Creek

A new development designed to embrace their love of the outdoors and well-appointed resort-style living. Frontgate will be the definitive expression of modern mountain luxury and adventure in the Vail Valley, featuring up to 75 condominium residences and 9 townhomes rich with bold amenities and style.
www.frontgateavon.com


ONE Riverfront | Avon

One Riverfront is your final opportunity to own an exceptional new residence in the coveted Riverfront Village Community. With the Westin Riverfront Resort & Spa as your neighbor, Beaver Creek just a short gondola ride away, and a design style that perfectly captures the essence of Vail Valley living. Offering townhomes and condominiums. 
www.oneriverfront.com

Railyard | Leadville

Railyard Leadville is Leadville’s newest master planned community with approximately 38 acres on the northeast side of the City of Leadville. The approved PUD and Final Plat for Phase 1 includes 27 single-family detached homes, 36 townhomes, and 6 duplex homes, for a total of 69 residential units. There are also 8 commercial lots available in Phase I, which are ready for retail, restaurant, office, condo, apartment, etc. The approved PUD and Final Plat for Phase 2 includes: 33 single-family detached homes, 14 townhomes, and 1 duplex (2 units), for a total of 49 residential units. There are also 5 commercial lots available in Phase II, which are ready for retail, restaurant, office, mixed-use, etc. Phase I of the neighborhood also includes McClary Park, Matchstick Green and Mineral Belt Green, providing green space within the neighborhood. Railyard Leadville borders the existing Mineral Belt Trail (a 11.6 mile paved trail that loops the city of Leadville) and is a short walk to Leadville’s historic downtown Harrison Avenue.
www.railyardleadville.com

Angel View | Twin Lakes

Our community of secluded ranchettes provides all the best of mountain living. This enclave of tree-laden homesites preserves the natural splendor of the land while providing service and solitude that make the mountains feel like home. Living the ranch life doesn’t have to mean hard work. With a bevy of onsite services from adventure planning to snow removal, our team will help you make the most of your ranchette without all the fuss. 18 Sites Available. 
www.angelviewtwinlakes.com

Minturn North | Minturn

Minturn North is a new extension of town that offers a wide variety of building lot sizes and types.  Phase One offers small cottage lots, mid sized compact and standard lots.  The design guidelines for these parcels offer a great deal of flexibility and opportunity for all. Hike up Game Creek to Vail or for the more adventurous, ski home via the Minturn Mile.  Walk to downtown to a great selection of eclectic shops and wonderful restaurants and bars.
www.minturnnorth.com

Frost Creek | Eagle

A new development situated on 1,100 acres of ranch land and mountain wilderness in the Vail Valley, Frost Creek delivers the genuine Colorado experience. Offering new construction luxury homes and homesites where you can build your dream home. Located 15 minutes from the Eagle Airport & I-70. The development also includes members-only access to a 285-Acre golf course.
www.frostcreek.com

 

Buckhorn Valley | Gypsum

The Buckhorn Valley Community offers single family homes and is conveniently located next to the Eagle County Airport in Gypsum, Colorado.  Enjoy a clean, quiet community and offering open space and parks. 
www.buckhornvalley.org

Stratton Flats | Gypsum

Located in Gypsum, just 30 minutes from world class skiing in Vail and Beaver Creek, Stratton Flats is the perfect place to call home in the mountains. The Town offers wonderful amenities such as nearby schools and shopping, a Pete Dye Championship golf course, and much more. Stay in shape at the Gypsum Recreation Center, watch the kids enjoy the skate park, enjoy concerts at the outdoor amphitheater, and relax and beat the summer heat at the pool.
www.strattonflats.org


Have any questions about these wonderful new construction properties? Let us know! We’re happy to help!

Price Improvement – Leadville, CO Single Family Home

PRICE IMPROVEMENT!

$660,000

$695,000
618 Chestnut St.
Leadville, CO 80461


  • 2 bedroom / 2 bathroom
  • 1,418 sqft
  • Fantastic location in downtown Leadville close to the Mineral Belt, hospital, Harrison Ave, and more!
  • Great layout with tons of storage and beautiful built-ins
  • Large garage with amazing additions: mechanic pit, engine lift, and ventilation system
  • Three outbuildings including a dedicated carpenter shop
  • stainless steel siding great for Leadville winters.

Live in the heart of downtown Leadville on this seven lot single family home with wonderful mountain views and great additions! These include, but are not limited to: a garage with a mechanic pit, an engine lift, a vent system, and a dedicated carpenter shop. Enjoy the beautiful south-facing natural light inside where you’ll find hardwood floors upstairs and custom built-ins. In the warmer months relax in your very own wildflower garden grown from seeds collected in the surrounding mountains!



Floorplan:


For your private showing or more information please contact me:

Skinner Team and KW

Mid-February 2022 Market Update

Here is where you can find all the latest info on the Summit County, CO market from Anne & Danielle of The Skinner Team. Including our market stats video series and information compiled by the Land Title Guarantee Company.

A Review of Mid-February 2022 Market Stats Info:

Archived Market Stats Videos


Please note that Land Title data comes from actual recorded transactions at the County Clerk and Recorder’s Office for that particular month. The information is not directly related to MLS data. The data is an unofficial tabulation of Summit County Records that are believed to be reasonably accurate. If you choose to utilize this marketing information in any publications or websites, please make sure you are quoting Land Title as your source. You are welcome to utilize this link within your own websites.

  • Market Analysis by Area for December 2021: There were a total of 183 transactions and $205,268,620 in monetary volume. The average transaction price for all 18 reported areas, plus Deed Restricted transactions, was $1,166,045, average residential price was $1,177,393 and average residential PSF was $704.
    • Market Analysis by Area YTD 2021 (12 Months): There were a total of 2868 transactions totaling $3,053,165,389 in monetary volume. Average transaction price was $1,090,082, average residential price was $1,117,682 and average residential PPF was $677.
    • Market Snapshot for FULL Years 2021 vs 2020:  Average Indicators for $: Single Family +24, Multi- Family +24% and Vacant Land +37%. Median Indicators for Single Family +21%, Multi- Family +22% and Vacant Land +38%.
    • Market Analysis % Change YTD December 2021 and Final 2021 Recap: Monetary volume in December 2021 was down 13% from December 2020. Transactions were down 35% from December 2020.  Final 2021 numbers, $ volume is 31% up and transactions are up 2% from full year 2020.
    • Residential Cost Analysis:  Residential volume in December had 148 transactions with $174,254,119 gross volume. There were 70 properties that sold for $1M and above in December. There were 59 Single Family, 89 Multi-Family and 14 Vacant Land transactions in December 2021. In 2021, there were a total of 895 Residential Single Family, 1459 Multi Family and 180 Vacant Land transactions.
    • Average Price History by Type- 2021: Average price for residential Single Family: $1,717,028, Multi- Family: $750,022 and Vacant Land: $504,480.
    • Comparative Historical Cost Analysis Comparison 2021-2020-2019: Full year 2021, there were 2,354 residential transactions and $2,631,022,363 gross $ volume with 887 properties selling for over $1M. In 2020, there were 2291 transactions with $2,069,655,256 gross $ volume with 658 properties selling for over $1M. In 2019, 1933 transactions with $1,586,910,706 gross $ volume with 454 properties selling for over $1M.
    • Top Lender Analysis December 2021 and Full Year 2021 There were 463 loans in December, 127 loans were related to sales, there were 227 REFI’s and 109 loans were timeshare related. Cash transactions made up 31% of real estate closings. In 2021, there were 7.016 loans, 1,917 loans were related to sales, there were 3,474 REFI”s and 1,625 loans related to timeshares. 33% of the real estate closings were cash transactions in 2021.
    • Foreclosure 2021 Update: The year of 2021 closed out with 63 total foreclosure actions – 56 of those were for timeshares.
    • Market Highlights:  Please see page 11 of the Market Analysis. Note the higher priced sale in December 2021 in Breckenridge at $5,250,000. The top priced PSF was in Breckenridge (One Ski Hill Place) at $1821.
    • Purchaser Profile Abstract:  There were 76 upper-end sales in December 2021 compared to 93 in November. Our buyers for real estate transactions for December 2021: Local buyers are at 23%, Front Range, 44% , Out of State ,33% and 0% International buyers. There is also a graph included showing demographic trends through 2013 on page 18.
  • Thank you for your continued loyalty to Land Title.

Please reach out with any questions.

Brooke Roberts

December 2021 Market Report 

Open House Today, 2/11!

Just Listed! 

$444,000
37 Hummingbird Dr. 5A/6A
Breckenridge, CO 80424

Open House
Friday, 2/22/22 1p – 4p 
Stop by and say hi to Danielle!


  • 2 BD / 1 BA
  • 583 sqft
  • Nice views of Breckenridge in neighborhood
  • Great layout with wonderful fireplace
  • Fresh paint throughout
  • Newly furnished
  • Home office potential
  • HOA dues: $334/mo. &  cable TV, common area maintenance, common taxes, insurance, gas, heat, snow removal, internet/WiFi, trash pickup, water & sewer.

Get all of the benefits of tiny home living with a Breckenridge zip code! This updated, newly furnished and efficient 2 bed Tyrollean Terrace condo is one of the most affordable in Summit! You can either create the perfect home office or sleep additional loved ones! In addition to the highly functional floorplan, it has a charming fireplace to enjoy on snowy nights. It is located on the bus line and close to downtown. Don’t miss the opportunity to enjoy the best of what Breck has to offer!



For your private showing or more information please contact me:

Skinner Team and KW

January 2022 Market Stats Summary

Here is where you can find all the latest info on the Summit County, CO market from Anne & Danielle of The Skinner Team. Including our market stats video series and information compiled by the Land Title Guarantee Company.

A Review of January 2022 Market Stats Info:

Archived Market Stats Videos


 

 

Please note that Land Title data comes from actual recorded transactions at the County Clerk and Recorder’s Office for that particular month. The information is not directly related to MLS data. The data is an unofficial tabulation of Summit County Records that are believed to be reasonably accurate. If you choose to utilize this marketing information in any publications or websites, please make sure you are quoting Land Title as your source. You are welcome to utilize this link within your own websites.

  • Market Analysis by Area for November 2021: There were a total of 238 transactions and $286,148,104 in monetary volume. The average transaction price for all 18 reported areas, plus Deed Restricted transactions, was $1,167,089, average residential price was $1,248,038 and average residential PSF was $747.
  • Market Analysis by Area YTD 2021 (11 Months): There were a total of 2,685 transactions totaling $2,847,896,769 in monetary volume. Average transaction price was $1,084,960, average residential price was $1,113,676 and average residential PPF was $675.
  • Market Snapshot for FULL Years 2021 vs 2020:  Average Indicators for $: Single Family +24%, Multi- Family +23% and Vacant Land +28%. Median Indicators for Single Family +21%, Multi- Family +21% and Vacant Land +36%.
  • Market Analysis % Change YTD November 2021: Monetary volume in November 2021 was down 25% from November 2020. Transactions were down 40% from November 2020.  YTD 2021, $ volume is pacing 36% up and transactions are up 7% from YTD 2020.
  • Residential Cost Analysis:  Residential volume in November had 194 transactions with $242,119,336 gross volume. There were 89 properties that sold for $1M and above in November.  There were 84 Single Family, 110 Multi-Family and 12 Vacant Land transactions.
  • Average Price History by Type-YTD 2021: Average price for residential Single Family: $1,720,419, Multi- Family: $743,429 and Vacant Land: $473,558.
  • Comparative Historical Cost Analysis Comparison 2021-2020-2019: YTD 2021, there were 2206 residential transactions and $2,456,768,244 gross $ volume with 817 properties selling for over $1M. In 2020, there were 2054 transactions with $1,858,415,856 gross $ volume with 589 properties selling for over $1M. In 2019, 1741 transactions with $1,426,370,906 gross $ volume with 402 properties selling for over $1M.
  • Top Lender Analysis November 2021: There were 502 loans in November, 177 loans were related to sales, there were 218 REFI’s and 107 loans were timeshare related. 26% of the real estate closings were cash transactions.
  • Market Highlights:  Please see page 11 of the Market Analysis- Note the higher priced sale in November 2021 in Breckenridge (Four O’Clock Sub) at $5,750,000. The top priced PSF was in Breckenridge (One Ski Hill Place) at $1,742.
  • Purchaser Profile Abstract:  There were 98 upper end sales in November 2021 compared to 119 in October. Our buyers for real estate transactions for November 2021: Local buyers at 27%, with the Front Range demographic at 42% and 31% are out of state buyers with 0% International. There is also a graph included showing demographic trends through 2013 on page 17.

Thank you for your continued loyalty to Land Title.

Please reach out with any questions.

Brooke Roberts

November 2021 Market Report 

Strategies for Sellers to Defer Capital Gains Taxes

Strategies for Sellers to Defer Capital Gains Taxes
1031 Exchanges, Delaware Statutory Trusts & Opportunity Zones

Presented by The Skinner Team |KW Top of The Rockies

This information may be advantageous for you when it comes time to sell your investment property. Each of these strategies outlined below can be great options to defer or potentially dissolve the capital gains tax you might incur from selling a property. A 1031 is the most common thing sellers do to help defer capital gains, however, there are two additional options within a 1031 that are not widely known but are also excellent strategies you may want to consider. 

IRC Section 1031

Section 1031 of the Internal Revenue Code (IRC) allows a taxpayer who owns property held for investment or used in a business to sell a property and defer paying capital gain taxes and depreciation recapture taxes if the taxpayer purchases a “like-kind” replacement property. 

What are the benefits of a1031 exchange?
A 1031 exchange can be a great tool if the owner wants to:

  • leverage into a more valuable property
  • purchase a property with better cash flow
  • diversify into other properties
  • consolidate into one larger replacement property

What is like-kind property?
Like-kind property can include, but is not limited to, virtually any type of real property, provided it is held for investment or used as a business:

  • single-family long term or short term rental
  • multifamily rentals
  • industrial or commercial property
  • land 

How much time do I have to execute a 1031 exchange?
Timelines become important went executing a 1031 exchange

  • Taxpayers must identify the potential replacement properties (usually 3 although in some situations it may be more) within 45 days from closing on the sale of the relinquished property
  • Taxpayers have 180 days between the sale of the relinquished property and the closing of one of the identified replacement properties

Keep in mind, paramount to any exchange is a competent and experienced qualified intermediary. Not following the proper rules or not using a qualified intermediary can invalidate an exchange. You will need to have your intermediary lined up before you sell!

For more information on 1031 Exchanges:

Delaware Statutory Trust

One option within a 1031, especially if you no longer wish to be a landlord or are unable to find a suitable replacement property, is to do a 1031 exchange into a Delaware Statutory Trust (DST). You would need to identify a trust as one of your replacement options and then you would move your funds into the trust of your choice.

What is a DST and who can utilize it?

A DST is a type of trust formed under Delaware law. A DST allows investors to own undivided fractional ownership interests in professionally managed institutional grade real estate offerings around the United States. A DST creates an indirect way of owning investment real estate. 

The types of real estate owned by a DST may include:

  • Class A multi-family apartments
  • Medical buildings or Hospitals
  • Distribution centers
  • Manufactured home communities
  • Senior Living
  • Student Living
  • Storage portfolios

What are the advantages of DSTs?

  • Smaller minimum investment and access to ownership of high-grade commercial properties that would be otherwise difficult to acquire individually
  • Passive ownership with no day-to-day headaches of typical real estate ownership
  • The trust is not considered a taxable entity and, therefore, all the profits, losses, etc. are passed through directly to the investors
  • Investors participate in depreciation and amortization in the same way an investor who owned a 100% ownership interest in his or her own real property would
  • Can be utilized on your list of 1031 identified properties as a backup to ensure all the proceeds from the sale of the relinquished property achieve full tax deferral

For more information on Delaware Statutory Trusts:

https://apiexchange.com/delaware-statutory-trust-dst/

The top 10 reasons investors are jumping into DSTs:

https://www.kiplinger.com/real-estate/real-estate-investing/602456/top-10-reasons-real-estate-investors-are-jumping-into-dsts

Opportunity Zone Investments

A further option is to invest into an opportunity zone. An opportunity zone essentially lets you dissolve most or sometimes even all of your capital gains. There are two ways to accomplish this, either purchase a property in an opportunity zone or buy into a DST type fund that owns in opportunity zones.

What is an Opportunity Zone?

The federal government designates some disadvantaged communities as opportunity zones. Through the 2017 Tax Cuts and Jobs Act, opportunity zone tax benefits were created. The goal of these incentives is to encourage long-term investments in low-income neighborhoods through private investment. With these tax incentives in place, the federal government hopes to create an opportunity for investors while pushing more possibilities into disadvantaged communities. Through opportunity zones and opportunity funds, which are the investment vehicle, investors can take advantage of tax benefits as a reward for tackling investments in low-income neighborhoods.

What are the benefits of Opportunity Zones?

  • Tax deferral from capital gains taxes
  • Investors who chooses to invest in an opportunity fund will receive a 10% step-up basis after 5 years of investing in the fund before 2026***
  • After 10 years, tax deferred becomes tax free, creating a great option for long-term investors***
  • There are over 8,000 Opportunity Zones (however, it’s important to do your research on which makes the most sense for you)
  • You have the have the opportunity to purchase either a property directly in a qualified Opportunity Zone or purchase into a Opportunity Zone Fund (much like a DST)

*** Maximum benefits will be determined based on when you purchase into an opportunity zone.

Learn more about opportunity zones:

Are opportunity zones for you? 5 Questions to ask yourself:

Are Opportunity Zones for You? 5 Questions to Ask | Kiplinger

 

Don’t hesitate to reach out if you have any questions!

Anne Skinner, SASRSPSCNE
Lead Broker
Keller Williams Top of the Rockies Realty
605 Main St, #103
Frisco, CO 80443

Market Stats Update – December 2021 Summary

Here is where you can find all the latest info on the Summit County, CO market from Anne & Danielle of The Skinner Team. Including our market stats video series and information compiled by the Land Title Guarantee Company.

A Review of December 2021 Market Stats Info:

Archived Market Stats Videos


Please note that Land Title data comes from actual recorded transactions at the County Clerk and Recorder’s Office for that particular month. The information is not directly related to MLS data. The data is an unofficial tabulation of Summit County Records that are believed to be reasonably accurate. If you choose to utilize this marketing information in any publications or websites, please make sure you are quoting Land Title as your source. You are welcome to utilize this link within your own websites.

  • Market Analysis by Area for November 2021: There were a total of 238 transactions and $286,148,104 in monetary volume. The average transaction price for all 18 reported areas, plus Deed Restricted transactions, was $1,167,089, average residential price was $1,248,038 and average residential PSF was $747.
  • Market Analysis by Area YTD 2021 (11 Months): There were a total of 2,685 transactions totaling $2,847,896,769 in monetary volume. Average transaction price was $1,084,960, average residential price was $1,113,676 and average residential PPF was $675.
  • Market Snapshot for FULL Years 2021 vs 2020:  Average Indicators for $: Single Family +24%, Multi- Family +23% and Vacant Land +28%. Median Indicators for Single Family +21%, Multi- Family +21% and Vacant Land +36%.
  • Market Analysis % Change YTD November 2021: Monetary volume in November 2021 was down 25% from November 2020. Transactions were down 40% from November 2020.  YTD 2021, $ volume is pacing 36% up and transactions are up 7% from YTD 2020.
  • Residential Cost Analysis:  Residential volume in November had 194 transactions with $242,119,336 gross volume. There were 89 properties that sold for $1M and above in November.  There were 84 Single Family, 110 Multi-Family and 12 Vacant Land transactions.
  • Average Price History by Type-YTD 2021: Average price for residential Single Family: $1,720,419, Multi- Family: $743,429 and Vacant Land: $473,558.
  • Comparative Historical Cost Analysis Comparison 2021-2020-2019: YTD 2021, there were 2206 residential transactions and $2,456,768,244 gross $ volume with 817 properties selling for over $1M. In 2020, there were 2054 transactions with $1,858,415,856 gross $ volume with 589 properties selling for over $1M. In 2019, 1741 transactions with $1,426,370,906 gross $ volume with 402 properties selling for over $1M.
  • Top Lender Analysis November 2021: There were 502 loans in November, 177 loans were related to sales, there were 218 REFI’s and 107 loans were timeshare related. 26% of the real estate closings were cash transactions.
  • Market Highlights:  Please see page 11 of the Market Analysis- Note the higher priced sale in November 2021 in Breckenridge (Four O’Clock Sub) at $5,750,000. The top priced PSF was in Breckenridge (One Ski Hill Place) at $1,742.
  • Purchaser Profile Abstract:  There were 98 upper end sales in November 2021 compared to 119 in October. Our buyers for real estate transactions for November 2021: Local buyers at 27%, with the Front Range demographic at 42% and 31% are out of state buyers with 0% International. There is also a graph included showing demographic trends through 2013 on page 17.

Thank you for your continued loyalty to Land Title.

Please reach out with any questions.

Brooke Roberts

November 2021 Market Report