For interactive version click here.

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:
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.
Please reach out with any questions.
Brooke Roberts
Historical Summit County Market Analysis
Click here for Archived Summit County Market Analysis
Land Title December- Year End 2020 Market Analysis
33 Year Residential Average Price Graph
33 Year Residential Appreciation Graph
33 Year Residential Total Sales Graph
4th Quarter Commercial Sales 2020
PRICE IMPROVEMENT!
$660,000
$695,000
618 Chestnut St.
Leadville, CO 80461
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:
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:
Late Fees
Rent Increases
“Wear and Tear”
Management Fees
Warranty of Habitability
Removal or Exclusion
Eviction Procedures
Awarding of Court Costs and Attorney Fees
Don’t hesitate to reach out if you have any questions!
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.
Thank you for your continued loyalty to Land Title.
Please reach out with any questions.
Brooke Roberts
Historical Summit County Market Analysis
Click here for Archived Summit County Market Analysis
Land Title December- Year End 2020 Market Analysis
33 Year Residential Average Price Graph
33 Year Residential Appreciation Graph
33 Year Residential Total Sales Graph
4th Quarter Commercial Sales 2020
OPEN HOUSE
Sunday, December 5th
1pm to 3pm
*Not in town this weekend? No problem! Contact us today to RSVP for our virtual tour on Sunday. 808-492-2241 or 970-389-6987
$459,000
8100 Ryan Gulch Rd E102
Silverthorne, CO 80498
Located in the coveted Treehouse complex that has just had a great exterior update and has tons of amenities for you to enjoy. The clubhouse is just steps away and has a pool, hot tub, exercise room, pool table, arcade games, and more. Not only that but there is a separate clubhouse just for the owner as well as a tennis court and playground onsite. This unit has a great layout and plenty of storage with an added ski locker. The deck has incredible views that look out onto the lake and continental divide. (The photos don’t do it justice!) It’s also located on the free Summit Stage Bus line. This condo has tons of potential and is priced to sell! Update the original finishes or kick back and enjoy. Look no further for your mountain home!
Floorplan:
Complex Map:
For your private showing or more information please contact me:
JUST LISTED
$459,000
8100 Ryan Gulch Rd E102
Silverthorne, CO 80498
OPEN HOUSE
Sunday, December 5th
1pm to 3pm
*Not in town this weekend? No problem! Contact us today to RSVP for our virtual tour on Sunday. 808-492-2241 or 970-389-6987
Located in the coveted Treehouse complex that has just had a great exterior update and has tons of amenities for you to enjoy. The clubhouse is just steps away and has a pool, hot tub, exercise room, pool table, arcade games, and more. Not only that but there is a separate clubhouse just for the owner as well as a tennis court and playground onsite. This unit has a great layout and plenty of storage with an added ski locker. The deck has incredible views that look out onto the lake and continental divide. (The photos don’t do it justice!) It’s also located on the free Summit Stage Bus line. This condo has tons of potential and is priced to sell! Update the original finishes or kick back and enjoy. Look no further for your mountain home!
Floorplan:
Complex Map:
For your private showing or more information please contact me:
I had a great conversation with some past clients at one of their kiddos birthdays this past weekend. We were talking about the housing market and now that they have 2 kids, they’re wanting to upgrade to a 4 bedroom. However, it seems challenging and daunting since prices have gone up so much. Now I am going to preface this by saying, I totally understand that this scenario is not going to work for everyone, but both of my clients happened to have purchased homes in the area 2 to 4 years ago so they have both made some solid equity in their homes over the last few years and have saved quite a bit. We talked about a few scenarios where they could buy something new and potentially keep the home they currently own. Here are a few scenarios we talked about as well as the numbers to help show you why this can be beneficial…
For the purpose of these examples, we are going to say that they are not carrying any other debt besides their mortgages. In addition, we are going to use a fictitious income of $120K per year for the family.
When it comes to mortgages, we talk about debt to income ratio. Most lenders do not want your debt to income ratio to exceed 45%. What that means is that the total of your monthly payments for your house, car, loans, credit cards, etc does not exceed 45% of your total monthly income. That means if we are talking about $120K per year, that breaks down to $10k per month and with no other debt, they could spend $4500/mo. on a mortgage. That roughly translates to a $800-900K mortgage.
Scenario 1, they just simply sell and upgrade:
They would walk away with $200-300K from the equity increase plus they qualify for an $800-900K mortgage which means they can get into a home that is worth around $1-1.2M which can definitely get you a good home in our market. (Keep in mind the downpayment on the mortgage.)
Here is what I encouraged them to think about instead though…
Scenario 2, they keep their home and long term rent it:
Most people aren’t really aware that you can count 75% of a 12-month lease on your home towards your income. Just to keep numbers simple, I’m going to say they could rent their homes for $3600/mo. That means $2,700 can be counted towards their income. Now, overall, their monthly income goes from $10,000 to $12,700. Of course by keeping their home, now they have additional debt that affects their debt to income ratio
Instead of being able to spend 45% of $12,700 (about $5,715 on their mortgage), they have to take out the current mortgage payment. That is about $1,750 per month). That means that now they can spend $3,965 on a new mortgage ($5,715-1,750). Now that does reduce their overall qualification mortgage amount to about $750-800K. These guys were good savers, and have 10-20% down, that puts them into an $800-1M home which will likely still get them everything they want. Here is the cool part, and it’s often overlooked. Not only is someone paying your mortgage on your original home, but also you are pocketing almost $2,000 per month on top of that!! Plus their original house gets to sit there and grow equity while someone is paying the mortgage. With a 5%+ equity growth, someone else is paying your mortgage while the home is gaining $35,000-50,000 in value each year. Plus then if you choose to sell it within 3 years, you can still take the primary residence tax deduction. A married couple can gain up to $500K tax free for their primary residence. They must have occupied it 2 of the last 5 years though so they can rent it for up to 3 years while it is essentially growing tax free for them (assuming they don’t exceed a $500K gain). Yet another upside is now they have two properties hopefully making those gains each year instead of just one!
Third scenario to consider, Equity:
One of these couples has more than $200-300K in equity. In fact they are probably closer to $400-500K in equity. If they wanted to take some of that equity out, they could either do a HELOC and take out some money for an additional down payment to bump them to a higher price point or they could do a cash out refinance and pull out even more than they would with a HELOC. The big bonus on a HELOC is that most HELOCs are interest only payments which means when you are talking about your debt to income ratio for qualification, it doesn’t affect you nearly as much. They might be able to take out $100K and only pay $100 per month on it. A cash out refinance might allow you to take more like $200K out, but it will restructure the mortgage payment and instead of it being $1,750 (original mortgage) + 100 (HELOC), it may look something more like $2,300 new mortgage. That still can be extremely beneficial. It just depends on whether you need that much or not.
The nice thing is that a lender who really knows what they are doing can make this happen for you all simultaneously.
I love having these conversations with clients because it’s not just about buying and selling homes (although of course I enjoy that). What I am more passionate about is helping my clients grow their wealth, and showing them the opportunities real estate can afford them. It has made such a powerful impact on my life, and I really want to pass that on to those around me.
Of course no one can ever always assume real estate will go up for ever, but historically it has trended that way. And of course, not everyone is going to be in the same situation as these clients. You will also always want to speak with your tax advisor as well! No matter what your situation is, let’s talk through all the various scenarios, and figure out what is going to be the right one for you!
– Anne Skinner
November 2021
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 October 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.
Thank you for your continued loyalty to Land Title.
Please reach out with any questions.
Brooke Roberts
Historical Summit County Market Analysis
Click here for Archived Summit County Market Analysis
Land Title December- Year End 2020 Market Analysis
33 Year Residential Average Price Graph
33 Year Residential Appreciation Graph
33 Year Residential Total Sales Graph
4th Quarter Commercial Sales 2020
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-October 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.
Thank you for your continued loyalty to Land Title.
Please reach out with any questions.
Brooke Roberts
Historical Summit County Market Analysis
Click here for Archived Summit County Market Analysis
Land Title December- Year End 2020 Market Analysis
33 Year Residential Average Price Graph
33 Year Residential Appreciation Graph
33 Year Residential Total Sales Graph
4th Quarter Commercial Sales 2020