Tag Archives: The Skinner Team

Anne Skinner I Colorado Mountain Realty, Summit County Real Estate

Market Stats Update May 15th, 2020

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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 5/3-5/9 Market Stats Info:


March 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.

  • Market Analysis by Area for March 2020: There were a total of 133 transactions and $99,852,065 in monetary volume. The average transaction price for all 18 reported areas, plus Deed Restricted transactions, was $777,206 average residential price was $902,364 and average residential PSF was $534.
  • YTD 2020 Market Analysis by Area (3 months): There were a total of 393 transactions, and $306,893,935 in monetary volume. The average transaction price for all 18 reported areas is $797,802, average residential price was $859,107 and average residential PPF was $530.
  • Market Snapshot for FULL Years 2019 vs 2018:  Average Indicators for $: Single Family -1%, Multi- Family +7% and Vacant Land -7%. Median Indicators for Single Family +2%, Multi- Family +9% and Vacant Land -10%.
  • Market Analysis % Change YTD Year 2020: Monetary volume ($99,852,065) in March 2020 was down  2% from March 2019. Transactions (133) were down 1% from March 2019.  YTD 2020 Monetary Volume is pacing 4% down from YTD 2019. YTD 2020 transactions are pacing 3% down to YTD 2019.
  • Residential Cost Analysis:  Residential volume in March had 100 transactions with $90,236,400 gross volume. There were 29 properties that sold for $1M and above in March. There were 40 Single Family, 60 Multi-Family and 15 Vacant Land transactions.
  • Average Price History by Type- YTD Year 2020: Average price for residential Single Family: $1,256,581, Multi- Family: $596,261 and Vacant Land: $320,903.
  • Comparative Historical Cost Analysis Comparison YTD 2020-2019-2018: In 2020, there were 309 residential transactions and $265,464,100 gross $ volume with 87 properties selling for over $1M. In 2019, there were 309 transactions with $256,406,796 gross $ volume with 69 properties selling for over $1M. In 2018, there were 322 transactions with $229,269,563 gross $ volume with 54 properties selling for over $1M.
  • Top Lender Analysis March 2020: There were 490 loans in March. 78 loans were related to sales, there were 199 REFI’s and 213 loans were timeshare related. 42% 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 March 2020 in the Shock Hill area in Breckenridge at $4,600,000. The top priced PSF was in a Four O’Clock Condo in Breckenridge at $1,317.
  • Foreclosures: There were 2 foreclosure actions in March. YTD 2020, there are 8 Foreclosure actions.
  • Purchaser Profile Abstract:  Upper end sales were at 29 in March compared to 34 in February. Our buyers for real estate transactions for March 2020: Front Range demographic at 44% of our market, 23% are “local” and 33% 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 March.

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

Anne Skinner I Colorado Mountain Realty, Summit County Real Estate

Market Stats Update – May 1, 2020

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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 4/19 – 4/25 Market Stats Info:


March 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.

  • Market Analysis by Area for March 2020: There were a total of 133 transactions and $99,852,065 in monetary volume. The average transaction price for all 18 reported areas, plus Deed Restricted transactions, was $777,206 average residential price was $902,364 and average residential PSF was $534.
  • YTD 2020 Market Analysis by Area (3 months): There were a total of 393 transactions, and $306,893,935 in monetary volume. The average transaction price for all 18 reported areas is $797,802, average residential price was $859,107 and average residential PPF was $530.
  • Market Snapshot for FULL Years 2019 vs 2018:  Average Indicators for $: Single Family -1%, Multi- Family +7% and Vacant Land -7%. Median Indicators for Single Family +2%, Multi- Family +9% and Vacant Land -10%.
  • Market Analysis % Change YTD Year 2020: Monetary volume ($99,852,065) in March 2020 was down  2% from March 2019. Transactions (133) were down 1% from March 2019.  YTD 2020 Monetary Volume is pacing 4% down from YTD 2019. YTD 2020 transactions are pacing 3% down to YTD 2019.
  • Residential Cost Analysis:  Residential volume in March had 100 transactions with $90,236,400 gross volume. There were 29 properties that sold for $1M and above in March. There were 40 Single Family, 60 Multi-Family and 15 Vacant Land transactions.
  • Average Price History by Type- YTD Year 2020: Average price for residential Single Family: $1,256,581, Multi- Family: $596,261 and Vacant Land: $320,903.
  • Comparative Historical Cost Analysis Comparison YTD 2020-2019-2018: In 2020, there were 309 residential transactions and $265,464,100 gross $ volume with 87 properties selling for over $1M. In 2019, there were 309 transactions with $256,406,796 gross $ volume with 69 properties selling for over $1M. In 2018, there were 322 transactions with $229,269,563 gross $ volume with 54 properties selling for over $1M.
  • Top Lender Analysis March 2020: There were 490 loans in March. 78 loans were related to sales, there were 199 REFI’s and 213 loans were timeshare related. 42% 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 March 2020 in the Shock Hill area in Breckenridge at $4,600,000. The top priced PSF was in a Four O’Clock Condo in Breckenridge at $1,317.
  • Foreclosures: There were 2 foreclosure actions in March. YTD 2020, there are 8 Foreclosure actions.
  • Purchaser Profile Abstract:  Upper end sales were at 29 in March compared to 34 in February. Our buyers for real estate transactions for March 2020: Front Range demographic at 44% of our market, 23% are “local” and 33% 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 March.

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

Anne Skinner I Colorado Mountain Realty, Summit County Real Estate

Market Stats Update for 3/28 – 4/4/2020

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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 3/28 – 4/4 and March 2020 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 2020: There 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

Anne Skinner I Colorado Mountain Realty, Summit County Events

Community Resources – Aid, Donations, Volunteering

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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

 

Anne Skinner I Colorado Mountain Realty, Summit County Real Estate

Virtually Tour – 100 Cove Blvd. Unit I

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FOR SALE 

$293,000
100 Cove Blvd. Unit I
Dillon, CO 80435 

Call the mountains home year round in this updated and efficient Timber Lodge at Lake Dillon condo! This bright 1 bd, 1 ba condo has nice updates throughout including high end flooring, and a completely redone bathroom with new tile, vanity and more! Located right on the Summit Stage bus stop for easy access to all that Summit County has to offer. Not to mention, it’s right near Lake Dillon for your summer activities and centrally located to all 5 world class ski resorts. With low HOA dues and great location, this property is perfect for year round living or as an affordable mountain retreat!

  • 1 bedroom/ 1 bathroom
  • 467 sq.ft.
  • Nice updates throughout including a remodeled and updated bathroom
  • Located right near the Summit Stage Bus Stop
  • Centrally located to all 5 ski resorts
  • Located Near Lake Dillon
  • Views of Buffalo Mountain
  • Low HOA Dues: $168.31 per month and includes, trash, snow removal, common maintenance.

Imagine the Space:

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Listing Video:

For your private showing or more information please contact me:

Skinner Team and KW

Anne Skinner I Colorado Mountain Realty, Summit County Real Estate

133 Big Elk – Dillon, CO

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Back on the Market!

*At no fault of the sellers this property is back on the market*
Don’t miss this single family home on a spacious lot in Dillon.
Motivated sellers!

Single Family Home 
$600,000
133 Big Elk Rd.
Dillon, CO 80435

Don’t miss the views of Ten Mile & Gore Ranges from this 3 bed, 2 bath Dillon Valley single family home. This home has updates throughout including bathrooms, floors, carpets, and more! With a large 1 car garage, wraparound deck, & shed there is endless storage for all your Summit County gear. Not to mention the large fenced in yard with it’s great views is perfect for enjoying year round. Whether it’s a summer BBQ or snowball fight, create new memories with your loved ones in this wonderful home.

  • $600,000
  • 3 Bedrooms / 2 bathrooms
  • 1,584 SqFt
  • Single car garage with storage
  • Large backyard
  • Recent updates including bathrooms, kitchen appliances, new carpets, fresh paint, and more!
  • Incredible views of the Ten Mile and Gorge Ranges
  • Lots of storage inside and outside
  • Open and spacious layout

Floor plan:

Location: 

For your private showing or more information please contact me:

Skinner Team and KW

 

Anne Skinner I Colorado Mountain Realty, Summit County Real Estate

Summit County, CO Tax Information & Resources

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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

 

Anne Skinner I Colorado Mountain Realty, Summit County Real Estate

Latest Market Stats July 2019

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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 July 2019 Market Stats Info:

June 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 June 2019: There were a total of 179 transactions and $125,183,437 in monetary volume. The average transaction price for all 18 reported areas, plus Deed Restricted transactions, was $726,968, average residential price was $828,570 and average residential PSF was $492..
  • Market Analysis by Area YTD 2019 -6 Months: There was a total of $757,669,354 with 972 transactions. The average transaction price was $810,220, the average residential price was $821,478 and the average PPSF was $493.
  • Market Snapshot for Years 2019 vs 2018:  Average Indicators for $: Single Family +15%, Multi- Family +5% and Vacant Land -8%. Median Indicators for Single Family +8%, Multi- Family +7% and Vacant Land -13%.
  • Market Analysis % Change 2019: Monetary volume ($125,183,437) in June 2019 was down 27% from June 2018. Transactions (179) were down 28% in from June 2018.  YTD 2019 Monetary Volume is pacing 5% ahead of YTD June 2018, and transactions are down 10%.
  • Residential Cost Analysis:  Residential volume in June had 130 transactions with $107,714,077 gross volume. There were 31 properties that sold for $1M and above in June.  There were 44 Single Family, 86 Multi-Family and 19 Vacant Land transactions.
  • Average Price History by Type- YTD June 2019: Average price for residential Single Family: $1,319,458, Multi- Family: $549,387 and Vacant Land: $335,670.
  • Comparative Historical Cost Analysis Comparison 2019-2018 -2017 YTD. YTD 2019, there were 750 residential transactions and $616,108,873 gross $ volume with 172 properties selling for over $1M. YTD 2018, there were 856 transactions with $606,897,184 gross $ volume with 143 properties selling for over $1M. YTD 2017, there were 871 transactions with $593,073,903 with 144 properties selling for over $1M.
  • Top Lender Analysis June 2019: There were 498 loans in June. 120 loans were related to sales, there were 143 REFI’s and 235 loans were timeshare related. 33% 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 June 2019 in the Sunrise Point area in Breckenridge at $4,400,000. The top priced PSF was in the One Ski Hill Building at $1,192.
  • Foreclosures: There were no Bank sales in June. YTD, there are a total of 24 Foreclosure actions, with 5 Fee Simple, 18 Timeshare, and 1 unknown.
  • Purchaser Profile Abstract:  There were 32 upper end sales in June 2019 compared to 41 in May.  Our buyers for real estate transactions for June 2019: Front Range demographic at  31% of our market, 35% are “local” and 33% are out of state buyers with 1% 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 17 in June.

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

Anne Skinner I Colorado Mountain Realty, Summit County Events

For Sale – Golden Annie’s Plaza

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FOR SALE

Back on the market at NO fault of the Sellers. 

Golden Annie’s Plaza
$825,000
605 E Main St. #201
Frisco, CO 80443

This spacious and updated 2 bed, 2 bath condo has a phenomenal Main St location. The kitchen and bathrooms have been tastefully remodeled to suit the most discerning homeowner. With incredible views of Peak One, a one-car garage, and a private deck overlooking Main Street, this condo will be sure to impress. Walk to the Frisco Bay Marina, bus stop to Copper Mountain or to your favorite restaurants year round. Live, work and play in the heart of Frisco at this amazing downtown location!

  • $825,000
  • 1,461 sq.ft.
  • One- car garage and additional surface spot
  • Large private outside deck overlooking main street and peak one
  • Gourmet kitchen
  • Lots of storage
  • Laundry in unit
  • Sold fully furnished
  • HOA dues $394.00 and include common area maintenance, insurance, snow removal, trash pickup, and water/sewer.

Floor plan:

For your private showing please contact me:

Skinner Team and KW

 

 

Anne Skinner I Colorado Mountain Realty, Summit County Real Estate

Just Listed – 759 Boise Dr. Silverthorne

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JUST LISTED!

Single Family Home 
$590,000
759 Boise Dr.
Silverthorne, CO 80498

This beautiful single family home located in the heart of Silverthorne near the Rec center and Rainbow Park offers incredible views of the Gore Range and an over sized two car garage. With nice updates throughout including granite counter tops and a gas stove, this home will help you entertain! Spend time with the people you love in your own backyard or walk over to any of the numerous events in Rainbow Park. This is a prime location as Silverthorne continues to develop its downtown core.

  • $590,000
  • 3 bedrooms, 2 bathrooms
  • 1,232 sqft.
  • Single Family Home (No HOA)
  • Private yard
  • Nicely updated kitchen and bathrooms
  • Oversized 2 car garage
  • Beautiful views of the gore range
  • Walking distance to Silverthorne  Rec Center and Rainbow Park

Floor plan:

For your private showing please contact me:

Skinner Team and KW