Condominium resale prices have been stable for the first half of 2011 with nearly no change. Almost 17 percent more of them have sold as well. There are some complexes where there have been no sales for a year or more. There are 2,400 properties for sale this week, still well below last year’s peak. […]

In the current economy, Summit County home valuations are being pushed lower by stricter appraisal guidelines and houses priced to sell.
“Given where the market is right now, those values are lower than what we’re used to because demand is not as high,” said Mary Francis Alquist of Sulquist Mortgage in Breckenridge. “Really, appraisers have to […]

Recently released numbers from the Summit County Assessor’s Office tell a dismal story of the impact the recession has had on the local housing market, but even in the face of an average 16 percent decline in property values, Summit real estate still fared better than its Eagle and Pitkin county neighbors.
“Values declined. That’s the […]

Tremendous sales of high dollar properties in April have lifted the average price this year to $512,700, about 10 percent higher than last year to date. Almost all of the April gain comes from resale homes, not from a launch or liquidation of new construction such as happened in May of last year. These are […]

After nearly two decades of steadily climbing — and often skyrocketing — real-estate prices, property owners in Colorado’s resort communities are seeing values plummet.
In such ski-resort counties as Pitkin, Eagle, Summit, Routt and San Miguel, homeowners recently fielded local assessor reports that pushed their home values down by more than 20 percent.
“Some people have come […]

How did Summit County real estate fair this past year in 2010? With the help of Brooke Roberts at Land Title Guarantee company here is the market snapshot
The number of purchase transactions was up 6 percent in 2010 from the previous year. This includes all sales in Summit County, including land. So the sales transactions […]

Luxury real estate sales in the valley are nowhere near what they were in 2007 and 2008, but transactions are up over last year and that’s news that any real estate agent in the valley is happy to hear.
The average sale price in the county was $1.197 million in 2010, up 25 percent over last […]

The first step in the home buying process is to find out what you can afford to pay for a house, condo or co-op. This will depend on the amount of cash you have available for a down payment, your credit, income, assets and overall financial situation.
Mortgage qualification is easier for buyers who work as […]

THIS YEAR IN SALES:
During 2010, 1,011 residential properties sold throughout Summit County.
The average of all residential properties sold in 2010 in Summit County were 3 bedroom /2.5 bath properties that sold for $612,946 and were on the market for an average of 231 days.
Out of all the properties that sold in 2010, 602 residential properties […]

By S. MITRA KALITA
Sales in many vacation communities across the U.S. soared last year to levels not seen since boom times, driven by deep discounts, cash purchases and buyers’ rising stock portfolios.
On Mercer Island, Wash., waterfront sales nearly tripled in 2010, compared with a year earlier, reaching par with 2006 volume there. Sales on Hilton […]