Tag Archives: Summit County

Just Listed – Dillon Valley East T-204

JUST LISTED

$245,000
923 Straight Creek Dr. T-204
Dillon, CO 80435


Step right in with no stairs to this gorgeously updated 1 bed, 1 bath Dillon Valley East unit. The beautiful finishes throughout include a remodeled kitchen, bathroom, new flooring, furnishings, paint, trim & doors! Don’t miss the incredible views of the Ten Mile and Gore Ranges from the private deck. DVE has access to a wonderful clubhouse with a pool, hot tub, basketball courts and more! Dillon is centrally located to year-round adventure in Summit. Come see the updates and views for yourself!

  • 1 bedroom / 1 bathroom
  • 584 sqft
  • Nice updates throughout including remodeled bathroom, kitchen, new flooring, furnishings, paint, trim, and doors!
  •  Clubhouse with pool, hot tub, basketball court and more!
  • Great views of the Ten Mile and Gore Ranges.
  • HOA dues:  $354 per/mo.  and include Cable Tv, Common Area Maintenance, Gas, Heat, Snow Removal, Trash Pickup, Water / Sewer



Floor plan:


Location:


For your private showing or more information please contact me:

Skinner Team and KW

Market Stats Update June 14th – 20th, 2020

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

As Summit County and Colorado are under Public Health Orders to combat the Coronavirus, The Skinner Team will be doing weekly market stats updates to follow the trends to see if and when a shift may take place.

A Review of 6/14-6/20 Market Stats Info:

Archived Market Stats Videos


April 2020 Market Analysis 

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.

The COVID-19 Pandemic in Summit County Impact began on March 15, 2020 with the immediate mandate on the ski area closures. In April 2020, a Shelter in Place ordinance in Colorado occurred in order to contain the COVID-19 locally and statewide.

  • Market Analysis by Area for April 2020: There were a total of 92 transactions and $63,531,993 in monetary volume. The average transaction price for all 18 reported areas, plus Deed Restricted transactions, was $704,135, average residential price was $705,777 and average residential PSF was $530.
  • YTD 2020 Market Analysis by Area (4 months): There were a total of 485 transactions, and $370,425,928 in monetary volume. The average transaction price for all 18 reported areas is $779,951, average residential price was $828,203 and average residential PPF was $530.
  • Market Snapshot for FULL Years 2019 vs 2018:  Average Indicators for $: Single Family -4%, Multi- Family +7% and Vacant Land -8%. Median Indicators for Single Family +1%, Multi- Family +9% and Vacant Land -6%.
  • Market Analysis % Change YTD Year 2020: Monetary volume ($63,531,993) in April 2020 was down 59% from April 2019. Transactions (92) were down 45% from April 2019.  YTD 2020 Monetary Volume is pacing 22% down from YTD 2019. YTD 2020 transactions are pacing 15% down to YTD 2019.
  • Residential Cost Analysis:  Residential volume in April had 78 transactions with $55,050,623 gross volume. There were 15 properties that sold for $1M and above in April. There were 22 Single Family, 56 Multi-Family and 4 Vacant Land transactions.
  • Average Price History by Type- YTD Year 2020: Average price for residential Single Family: $1,212,127, Multi- Family: $598,166 and Vacant Land: $318,371.
  • Comparative Historical Cost Analysis Comparison YTD 2020-2019-2018: In 2020, there were 387 residential transactions and $320,514,723 gross $ volume with 102 properties selling for over $1M. In 2019, there were 443 transactions with $372,849,796 gross $ volume with 104 properties selling for over $1M. In 2018, there were 484 transactions with $343,662,784 gross $ volume with 80 properties selling for over $1M.
  • Top Lender Analysis April 2020There were 440 loans in April. 67 loans were related to sales, there were 324 REFI’s and 49 loans were timeshare related. 27% of the real estate closings were cash transactions.
  • Market Highlights:  Please see page 11 of the Market Analysis- Note the the higher priced sale in April 2020 in the Cucumber Creek Estates area in Breckenridge at $2,285,000 The top priced PSF was that same property in Breckenridge at $883.
  • Foreclosures: There were 2 foreclosure actions in April, same as April 2019. There have been a total of 10 actions in 2020.
  • Purchaser Profile Abstract:  Upper end sales were at 18 in April compared to 29 in March. Our buyers for real estate transactions for April 2020: Front Range demographic at 49% of our market, 26% are “local” and 25% are out of state buyers with 0% International.
  • Land Title New Development Summary: This (page 18) shows all the new construction each month, there were 18 in April.

Historical Summit County Market Analysis
Click here for Archived Summit County Market Analysis

Golf Courses – Summit County, CO

Playing golf in Summit County can be a great social distancing activity for this summer. With wonderful views and great courses, you are sure to have a good time! Below are the courses in Summit County.

Market Stats Update April 17, 2020

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

As Summit County and Colorado are under Public Health Orders to combat the Coronavirus, The Skinner Team will be doing weekly market stats updates to follow the trends to see if and when a shift may take place.

A Review of 4/5 – 4/11 Market Stats Info:



February 2020 Market Analysis 

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 February 2020: There were a total of 126 transactions and $108,221,070 in monetary volume. The average transaction price for all 18 reported areas, plus Deed Restricted transactions, was $876,008, average residential price was $891,138 and average residential PSF was $544.
  • YTD 2020 Market Analysis by Area ( 2 months): There were a total of 260 transactions, and $207,041,870 in monetary volume. The average transaction price for all 18 reported areas is $808,100, average residential price was $838,410 and average residential PPF was $528.
  • Market Snapshot for FULL Years 2019 vs 2018:  Average Indicators for $: Single Family -5%, Multi- Family +7% and Vacant Land -2%. Median Indicators for Single Family +2%, Multi- Family +4% and Vacant Land -3%.
  • Market Analysis % Change YTD Year 2020: Monetary volume ($108,221,070) in February 2020 was up 3% from February 2019. Transactions (126) were down 5% from February 2019.
  • Residential Cost Analysis:  Residential volume in February had 98 transactions with $87,331,500 gross volume. There were 30 properties that sold for $1M and above in February. There were 42 Single Family, 56 Multi-Family and 8 Vacant Land transactions.
  • Average Price History by Type- YTD Year 2020: Average price for residential Single Family: $1,338,033, Multi- Family: $555,966 and Vacant Land: $490,938.
  • Comparative Historical Cost Analysis Comparison YTD 2020-2019-2018: In 2020, there were 209 residential transactions and $175,227,700 gross $ volume with 58 properties selling for over $1M. In 2019, there were 211 transactions with $172,639,219 gross $ volume with 48 properties selling for over $1M. In 2018, there were 216 transactions with $155,326,263 gross $ volume with 35  properties selling for over $1M.
  • Top Lender Analysis February 2020There were 431 loans in February. 74 loans were related to sales, there were 163 REFI’s and 194 loans were timeshare related. 41% of the real estate closings were cash transactions.
  • Market Highlights:  Please see page 11 of the Market Analysis- Note the the higher priced sale in February 2020 in Breckenridge at $4,600,000. The top priced PSF was Beaver Run in Breckenridge at $973.
  • Foreclosures: There were 6 foreclosure actions ( 4 were Timeshares).
  • Purchaser Profile Abstract:  Upper end sales were up a bit with 34 in February compared to 32 in January. Our buyers for real estate transactions for February 2020: Front Range demographic at 49% of our market, 26% are “local” and 25% are out of state buyers with 0% International.
  • Land Title New Development Summary: This (page 18) shows all the new construction each month, there were 13 in February.

Historical Summit County Market Analysis
Click here for Archived Summit County Market Analysis

Community Resources – Aid, Donations, Volunteering

There’s a lot happening to our mountain communities that we call home because of Covid-19 right now, including Summit County. If you are looking for ways to donate or volunteer during this time of crisis here are a few organizations helping organize efforts to support the community. 

Statewide Information: covid19.colorado.gov
Food, Medication & Mental Health Resources: 970-668-2940
Coronavirus/Covid-19 Help Line: 303-389-1687
Summit County Public Health Order Infromation: 970-668-9730
Mental Health Crisis: 844-493-TALK

SUMMIT EMERGENCY RESPONSE 3.25.20

 

Summit County, CO Coronavirus Resources

Summit County, CO Public Health Department is doing what it can to keep the community safe and healthy from the novel coronavirus. This including trying to keep the hospital from getting overwhelmed. There is a lot of new information daily, and below is where you can find out the latest information.

Resort Resources 

Closed for Season:

Closed for Unknown Length:

What to Do if You Are Feeling Sick in Summit County

If you are feeling ill with symptoms similar to those associated with COVID-19, including fever, cough, or difficulty breathing, Summit County Public Health recommends the following:

  • Manage your symptoms at home the same way you manage other cold symptoms. To the extent possible, people with flu-like symptoms should remain at home.
  • If you need medical care, contact your primary care provider and schedule a visit. Let them know that you are concerned you might have COVID-19. If you do not have an established health care provider, call the Colorado Helpline at 303-389-1687.
  • Call 911 only for emergencies requiring immediate life-saving care and let them know if you are concerned you might have COVID-19.
  • Limit visits to the hospital emergency room or urgent care. Only individuals needing immediate care should visit these facilities. If you must visit a hospital ER or urgent care facility, call ahead and let them know that you are concerned you might have COVID-19.

Other Resources:

This page was written 3/24/2020, the links are live and will update, but with how quickly information changes regarding coronavirus be sure to check with the Towns and County as information develops. 

Summit County Alerts

Did you know that Summit County has an alerts system? 

Summit County Alert

The Office of Emergency Management uses Summit County Alert (powered by the CodeRED software system) to send emergency notifications by phone, email and text to keep community members informed of events such as evacuation notices, utility outages, water main breaks, wildfires, floods and hazardous materials spills.

SC Alert is also used to communicate non-life-safety inbformation, such as planned road closures, school delays/cancellations, community meetings, utility repairs and service interruptions.

Register for our community notification system
In September 2016, SC Alert switched from Cooper Notification (its previous software platform) to the CodeRED platform. We encourage all SC Alert subscribers to log into the new system to create a managed account. Once inside your managed account, you can select Community Groups and identify two specific physical addresses for which you want to be notified of any emergency activity or information.

Using SC Alert

We deliver SC Alert notifications by phone, email, text and mobile-app alerts. Individuals and businesses may add as many phone numbers, email and text numbers as they choose.

SC Alert is compatible with TDD/TTY devices for those with hearing impairments.

Registering for SC Alert

Registering for SC Alert is quick and easy:

  • Visit the Summit County portal to CodeRED to create a managed account and select your Community Groups, including traffic notifications and school groups. Please note that if you sign up for CodeRED emergency notifications outside the Summit County portal, you will not be able to subscribe to these local notification groups.
  • Enter addresses, such as your home and work locations, to be notified of emergencies in those areas.
  • Add the SC Alert Emergency phone number (866-419-5000) to your contacts as “SC Alert” so that it will display in your caller ID.
  • Add the SC Alert General phone number (855-969-4636) to your contacts as “SC Alert” so that it will display in your caller ID.

CodeRED Mobile Alert App

Residents and visitors can receive public safety alerts – no matter where you are located – via the CodeRED Mobile Alert app, a free public safety app for both Android and iPhone users. The app delivers community and emergency alerts from any agency that uses CodeRED, when you’re located in a geographic area that is being impacted by an emergency.

If you’re currently a CodeRED subscriber who has already registered your mobile phone to get notifications from Summit County, you will continue to receive calls. However, if you download the app, you will also be able to get alerts to your smartphone anywhere in the country, including Hawaii, Puerto Rico and Alaska.

Please note that if you choose to receive weather alerts from the National Weather Service through the app, you will be charged $1 annually.

To download the free CodeRED Mobile Alert app, visit the Google Play or iTunes store.

New Construction – Summit County, CO

New Construction in Summit County, CO

Looking for a new construction? Here you can find links that lead to some of the new projects happening in Summit County. Contact Us for more information if any of these interest you! 

Frisco, CO – 2018/2019
Silverthorne, CO – 2018/2019
Breckenridge, CO – 2018/2019
Dillon/Keystone, CO – 2018/2019
Deed Restricted New Construction:
cucumbercreekestates.com

*Listing Updated June 21st, 2019 

Summit County, CO Tax Information & Resources

2019 was a Reappraisal Year – Summit County, CO

Did you receive your Notice of Valuation in May? 

2019 was a reappraisal year. Notices of Valuation were sent on May 1, 2019. Colorado statute requires the Assessor to use data from a minimum period of 18 months prior to June 30, 2018 to determine 2019 and 2020 values. If that data is not sufficient, the Assessor may use additional data, in six month increments, from up to 60 months (5 years) prior to that appraisal date. For most property types in Summit County, the Assessor used 24 months for the 2019 reappraisal. The Assessor is specifically prohibited from considering data from after June 30, 2018.

The Summit County Assessor notified owners of changes to value via a summary Notice of Valuation (NOV) postcard. A long form Notice of Valuation and comparable residential properties can be viewed in the Notice of Valuation Archive.

The documents below explain current reappraisal analyses.

Summit County Property Value information


Want to better understand your Summit County, CO Tax Notice?

 

Personal Property Valuation & Rentals:

What you need to know about Summit County, CO personal property valuation! 

“Colorado Statute requires anyone who owns a business or rents out their furnished residential property on a short or long term basis to declare their business equipment or residential rental furnishings/equipment.”

If you’ve recently acquired a rental property, or have started renting your property did you know that you need to declare you business equipment or residential rental furnishings/equipment? This declaration needs to be into the county by April 15th for timely filing.

What is Taxable Property?

Taxable property includes, but is not limited to, the following:

  • Appliances
  • Artwork
  • Computers
  • Decorative Rugs
  • DVD, VCR, BluRay, 3D players
  • Equipment
  • Furniture
  • Hot tubs / spas
  • Machinery
  • Point of sale systems
  • Solar systems (installed on a commercial structure)
  • Telephone systems
  • Televisions

This includes all assets used in the business or the rental property whether acquired new, used or received as a gift or the result of a real estate or business sale. This information is required to be filed annually with the assessor.

What to do:

Shortly after the first of each calendar year our office will mail a Personal Property Declaration Form itemizing all the assets that were previously reported. If you are a new owner of a rental residence, a new owner of an existing business, or have opened a new business in Summit County, please contact our office and we will gladly send you the declaration form.

The statutory Personal Property Declaration form cannot be e-filed, but you may submit your information via email, as well as by mail or in person. A spreadsheet sent via email is our preferred method.

If not using the Personal Property Declaration Form, please provide the following information:

  • Asset description, year acquired, original installed cost new or cost used (per item), and quantity
  • Owner Name and Mailing Address
  • Physical location of the business or residential rental

Note: If you do not know the exact cost or year, you may provide your best estimate of what the item may have cost in a used furniture store or business supply outlet – a comparison to garage sale prices is not an accurate representation of true market value.

Submittal:

To file via regular mail (USPS delivery) you MUST use our post office box:
P.O. Box 276
Breckenridge, CO 80424-0276

To file in person or using an alternate shipping method:
208 E. Lincoln Ave.
Breckenridge, CO 80424

personalproperty@summitcountyco.gov

All information must be submitted by April 15th to insure timely filing and the avoidance of late fees. You will be notified of the assessor’s determination of value by June 15th.

Learn More from the County Here:
http://www.co.summit.co.us/391/Personal-Property-Valuation
http://www.summitcountyco.gov/569/Declaration-Form


It is always important to communicate with a tax professional, but if you have any questions about Summit County or need more resources feel free to contact me:

Skinner Team and KW

 

November 2019 Summit County, CO Market Stats Update

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

A Review of November 2019 Market Stats Info:


September 2019 Market Analysis 

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 September 2019: There were a total of 245 transactions and $183,940,073 in monetary volume. The average transaction price for all 18 reported areas, plus Deed Restricted transactions, was $782,069, average residential price was $843,257 and average residential PSF was $491.
  • Market Analysis by Area YTD 2019 -9 Months: There was a total of $1,349,672,510 with 1696 transactions. The average transaction price was $826,565, the average residential price was $834,395 and the average PPSF was $497.
  • Market Snapshot for Years 2019 vs 2018:  Average Indicators for $: Single Family +14%, Multi- Family +8% and Vacant Land -12%. Median Indicators for Single Family +8%, Multi- Family +10% and Vacant Land -14%.
  • Market Analysis % Change 2019: Monetary volume ($183,940,073) in September 2019 was up 14% from September 2018. Transactions (245) were down 5% in from September 2018.  YTD 2019 Monetary Volume is pacing 6% ahead of YTD September 2018, and transactions are down 9%.
  • Residential Cost Analysis:  Residential volume in September had 200 transactions with $168,651,400 gross volume. There were 49 properties that sold for $1M and above in September.  There were 80 Single Family, 120 Multi-Family and 14 Vacant Land transactions.
  • Average Price History by Type- YTD September 2019: Average price for residential Single Family: $1,301,391, Multi- Family: $563,218 and Vacant Land: $323,362
  • Comparative Historical Cost Analysis Comparison 2019-2018 -2017 YTD. YTD 2019, there were 1342 residential transactions and $1,119,758,156 gross $ volume with 312 properties selling for over $1M. YTD 2018, there were 1469 transactions with $1,085,876,278 gross $ volume with 272 properties selling for over $1M. YTD 2017, there were 1519 transactions with $1,025,880,445 with 244 properties selling for over $1M.
  • Top Lender Analysis September 2019: There were 634 loans in September. 174 loans were related to sales, there were 198 REFI’s and 262 loans were timeshare related. 29% of the real estate closings were cash transactions.
  • Market Highlights:  Please see page 11 of the Market Analysis- Note the the higher priced sale in September 2019 in the Shock Hill area in Breckenridge at $4,575,000. The top priced PSF was in the Cottages at Shock Hill at $1,036.
  • Foreclosures: There were no Bank sales in September YTD, Foreclosures are up slightly with 7 new actions in September, compared to 6 in September 2018. Most of the Foreclosure actions are Timeshare related. There have been 34 Foreclosure actions this year.
  • Purchaser Profile Abstract:  There were 51 upper end sales in September 2019 compared to 60 in August  Our buyers for real estate transactions for September 2019: Front Range demographic at 43% of our market, 29% are “local” and 28% are out of state buyers with 0% International. Please note page 17 comparing demographics of our buyers through 2013.
  • Land Title New Development Summary: This (page 18) shows all the new construction each month, there were 11 in September compared to 16 in August.
*this month’s report is the 2nd Quarter Mountain Report. This report compares Summit County to the six other Colorado resort markets of  Garfield, Grand, Pitkin, Routt, San Miguel and Eagle County

Land Title Guarantee Company April 2019 Market Analysis
Land Title Guarantee Company March 2019 Market Analysis
1st Quarter 2019 Commercial Summit Sales
1st Quarter 2019 Mountain Resort Report


Historical Summit County Market Analysis
Click here for Archived Summit County Market Analysis