Tag Archives: featured

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 

Life at Altitude – March 2022

Life at Altitude with Danielle Connor
March 2022

To HOA, or not to HOA?

As our team’s Buyer Specialist, I field a lot of questions about Homeowners Associations. “Are they actually helpful?” “Aren’t HOAs super restrictive with what I can do?” “Why are they so much per month?” 

There aren’t black and white answers for these questions, but as someone who has researched a vast number of associations for my clients, I’d like to outline what Homeowners Associations aim to be, and you can decide for yourself whether belonging to one could be a good fit for you or not. Read on . . .

What are the benefits of a well-run association?

Simply put, a well-run association will foster a sense of community amongst homeowners and will provide support they might not otherwise have in complexes or subdivisions without governance, all while maintaining property values.

HOAs have governing documents, which I’ll discuss in more detail below, that ensure your complex/neighborhood looks good and is well-maintained throughout. Common areas stay nicely manicured & amenities are taken care of. Buying a property in a managed community means mandatory membership- you can’t opt out. So, in neighborhoods with single family residences or duplexes/townhouses, fellow homeowners are held to a high standard of exterior maintenance, which contributes to maintaining property values. In condo complexes, the HOA itself maintains the exterior of the building, and homeowners themselves are held responsible for following the rules governing what they can or cannot do to their exteriors (like, no kayak storage on balconies, or big signs in their windows).

And, while I know you’d never have an argument with a neighbor about tree limbs or fences, there are steps for mediation when things do go south. The governing documents outline rules to adhere to when property issues arise, and the Board Members provide support in sticking to them.

Many HOAs are also known for hosting events in their community, from trash-pickup days and other volunteer work, to annual outdoor BBQs so neighbors can get to know one another. 

Where do HOA dues go each month?

This will truly vary from HOA to HOA. Condos often have more included in dues than single family homes/duplexes/townhouses. An “all-inclusive” condo association’s dues will go to Cable Tv, Clubhouse Membership, Common Area Maintenance, Common Taxes, Electric, Gas, Heat, Complex Insurance, Internet / Wi-Fi, Professional Management, Snow Removal, Trash Pickup, and Water / Sewer. Separately, that would be a lot of bill payments, wouldn’t it? When all of these services are bundled together, homeowners actually receive a discount versus if they were paying for each service out of pocket. In neighborhoods with single family homes/duplexes/townhouses, HOA dues often only go to a few things like Common Area Maintenance (if any), Complex insurance, and Trash/Snow Removal, and there is often still benefit in bundling those costs. Now, most of us who are homeowners do pay for all services separately in communities without Associations and have no issue in doing so. However, wouldn’t it be nice to have someone else do it for you?

Many condo associations and a select few subdivisions also have a professional, on-site or contracted, that performs periodic property checks throughout the year. They ensure the home is in the condition expected and that no issues have arisen, like pipes breaking in the winter or the stove being left on. This provides owners with peace of mind knowing that when they aren’t at their property, everything is safe and sound and secure. That is especially important in our market here in the mountains where many of our owners have second homes they don’t occupy year round. 

All items above are considered “Operating Expenses”, and while a large portion goes to operation and daily maintenance, most HOAs also have funds set aside each month in “Reserve Accounts”. 

What are “Reserves” and “Special Assessments”?

Reserve accounts hold money set aside by an HOA as a safety net to cover emergency costs, repairs, or significant capital improvements. Many associations have Reserve Studies done to analyze their current financial health and where they could improve to mitigate future financial emergencies. The reserve study report presents a prioritized schedule of capital projects and a reserve funding plan including a projected reserve fund cash flow over the next 30-years. 

An important note: For those obtaining a conventional loan for a purchase in a condo complex  with an HOA, Fannie and Freddie require that at least 10% of an association’s dues each month go toward Reserves.
Keep in mind, HOAs are not required to have funds in reserves. So, when you are considering purchasing in a community with an HOA, it is important to check their financial health, including the current budget as well as how they’re performing on building their reserves. A good rule of thumb is that if an HOA is 70-80% funded per their reserve study, they are likely in great health and at low risk of a special assessment. 

If an HOA has historically saved really well and only used reserve funds to make capital improvements and large repairs, they will continue to do so. On the contrary, if they haven’t built reserves in the past and have instead charged “Special Assessment” fees to homeowners when big projects come up, this will likely continue to be the norm. Neither is wrong, it just depends on your viewpoint and when you’d like to spend your money. 

Say the roof on your building needs to be replaced- would you rather have been charged an extra $100 a month over time, or pay $7,000 all at once (or, when allowed, in installments) for your share of the “Special Assessment” for the roof? This is the difference between your dues contributing to reserves, or paying a special assessment.

What are Governing Documents?

An association’s governing documents contain the rules, regulations, and all other contractual terms that members are bound by as soon as they close on their home. Per the Colorado Contract to Buy & Sell, we obtain all of the following documents that exist for your review when we go under contract:

  • Declaration
  • Articles of Incorporation
  • Bylaws
  • Articles of Organization
  • Operating Agreements
  • Rules & Regulations
  • Party Wall Agreements
  • Responsible Governance Policies
  • Assessments
  • Meeting Minutes
  • Insurance Policies
  • Financials
  • Construction Defect Action (not common

The Articles of Incorporation & Organization, Responsible Governance Policies and Bylaws establish the HOA as an organization and outline how it is run and the rights and responsibilities of the organization. 

The Declarations, Rules and Regulations (also known as CC&Rs) and Party Wall Agreements establish what you can do, and how you can do it. When I’m asked questions like “Can I fence in my backyard?”,  “What if my neighbor paints their house lime green?”, or “What happens if my neighbor smashes a hole through our shared wall?”, the answers are in these documents! Condo complexes and subdivisions alike utilize governing documents.

Study the financials. While they outline reserves, discussed in detail above, the operating expense breakdown is also here, as well as amount of money in operating accounts. This will give you a feel into the financial health of the HOA.

Finally, read the Meeting Minutes (Notes). Get a feel for how the HOA Board operates and conducts meetings, what they discuss, what issues come up and how they’re resolved. The minutes allow you an opportunity to get to know the board members before you ever meet with them. The governing documents may not be light reading, but are so important to understanding your rights as a homeowner and to make sure you agree with the terms of being an HOA member. 

So- to HOA, or not to HOA?

At the end of the day, you decide whether or not to purchase a property within a Homeowners Association, and one size definitely does not fit all. I would love to answer any questions you might have beyond what I touched on today. Check out my contact information below- I can’t wait to hear from you!

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 

2022 Legislation for Landlords & Tenants

2022 Legislation for Landlords & Tenants
Presented by
The Skinner Team |KW Top of The Rockies

Information provided by the Colorado Department of Regulatory Agencies

With many of our clients owning investment properties that are utilized for rentals, we thought it would be beneficial to share the updated Colorado Landlord & Tenant Laws and Responsibilities for 2022. This includes some of the most important changes, but not all. Changes on property managers are wide ranging. Our hope is that you’ll find this information beneficial as the landlord and property owner. As always, we advise that you seek the assistance of your legal counsel to keep your rental lease agreements up-to-date. There is no formal word yet, but rental assistance is expected to be available as long as the funds hold out and income hardships are related or linked to COVID. Landlord or tenant can apply from this website: Emergency Rental and Mortgage Assistance | Department of Local Affairs (colorado.gov)

Existing Lease Language

New and renewed leases should be reviewed and adjusted to cover required changes. Existing leases typically do not need to be re-executed, BUT the new laws may still apply. Clients need to be advised that language in their existing lease may conflict and failure to follow the new changes may put the landlord at risk of penalty. Seek the assistance of your legal counsel. 

Landlord Liability
Landlords who do not comply with the legislation risk:

  • Failure to cure will result in damages and penalty of $150 to $1000 plus attorneys’ fees and costs
  • Non-complying provisions is “void” and unenforceable 
  • Liable for $50 for each violation
  • Tenant may be awarded damages and the penalty of $150 to $1000 per violation

Late Fees 

  • Cannot exceed the greater of $50 or 5% of rent per month and must be stipulated in the lease
  • 7-Day grace period on late fees from due date
  • No interest on late fees, no compounded late fees
  • Tenant cannot be evicted for failure to pay late fees
  • Lease may not stipulate that late fee becomes RENT
  • Cannot charge a late fee if rent paid by subsidy provider is paid late
  • “Rent Payment” cannot be applied to past due late fee
  • Written notice of late fee within 180 days of rent due or forfeited
  • Landlord has 7 days to cure any error in charging late fees after written or electronic notice of error from tenant
  • PROHIBITS- Evictions for non-payment of late fees, terminate lease for non-payment of late fees, collecting late fees from base rent payments

Rent Increases 

  • Residential landlords can only increase rent once every 12 moths for the same tenant
  • WITHOUT A WRITTEN LEASE: Commercial 21 days notice required, Residential 60 day notice required
  • Residential tenants without a written lease cannot be given a notice of non-renewal if purpose is to increase the rent

“Wear and Tear” 

  • Commercial compared to residential is not always the same.  
  • Examples of normal wear and tear for residential:
  • Word or faded carpet
  • Small scuffs on walls
  • Sun-faded blinds
  • Warped door frames
  • Dirty of loose grout around bath tiles
  • Examples of property damage for residential
  • Burns or pet stains on carpet
  • Holes in doors or walls
  • Damaged blinds
  • Missing screens or broken windows
  • Chips in sinks, toilets or bathtubs

Management Fees

  • Many things are now considered Unauthorized Fee Collection:
  • Prior written consent from owner required to assess or receive mark-ups
  • Selling or brokering a brokerage or 3rd party service without disclosing that the brokerage will be compensated for said service
  • Not disclosing in Management Agreement brokerage charges and collection fees from tenant
  • Changes in fees to Management Agreement are not allowed without current written permission
  • A unilateral clause allowing fee changes with notice are not accepted as being authorized by the owner

Warranty of Habitability 

  • Eases tenant requirements to file a claim under the Warranty of Habitability
  • No Habitability Bond or deposit of rent with court required for tenants with:
  • Income less than 5 times the rent amount of less than 250% of Federal poverty line
  • Removes safeguards against potentially bogus claims
  • In addition to damages, court allowed to reduce rent

Removal or Exclusion 

  • Removal or exclusion of a tenant from property requires a court process, except for the following:
  • State Board of Health rules for the cleanup of an illegal drug lab
  • Mutual consent of landlord and tenant
  • Abandonment of property by tenant
  • Improper actions involving removal or exclusion of tenant from property may now result in large financial damages:
  • Tenant’s actual damages
  • Plus 3 times the monthly rent of $5,000, whichever is greater
  • Plus, attorney’s fees and costs

Eviction Procedures

  • Tenant can challenge Service of Demand- landlord must be able to show attempt to deliver in person
  • Discovery Rights- both parties may request documents, such as tenant ledger (includes commercial properties)
  • Landlord required to accept full payment as identified in Demand up until Judgement issued for possession at end of day
  • Writ of Restitution (order to evict) can be issued no earlier than 48 hours after the judgement. Sheriff cannot perform a residential move out for an additional 10 days

Awarding of Court Costs and Attorney Fees 

  • Residential lease must contain reciprocal attorney fee provision for prevailing party
  • Prohibits unreasonable liquidated damages clause that assigns cost to tenant from an eviction notice or action- applies to commercial properties as well
  • Any provision not meeting these provisions is “void and unenforceable”

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

Just Listed – Leadville Single Family Home, 618 Chestnut St

Just Listed!

$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

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