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 […]

Traditional condominium sales are down and unemployment is up, but at least one Summit County business has grown through the tail end of the Great Recession.
Breckenridge Grand Vacations experienced an uptick in overall business last year, thanks in large part to its newest on-mountain venture at Breckenridge Resort.
Started in 1985 by brothers Mike and Rob […]

Real estate brokers in Summit County hear it day in and day out. A prospective buyers walks into the office or calls us from, for example Las Vegas, and says they are looking for a bank owned property that is a deal. Well it’s not that easy here. There are three factors, in this regard, […]

 Among the biggest changes patrons witnessed at Breckenridge Ski Resort’s grand opening Friday was the new look at the base of Peak 8, including the newest on-mountain lodging facility, One Ski Hill Place.
The combination hotel and condominium complex oozes luxury from every angle and is unlike anything else on the mountain. Built by Vail Resorts […]

Condominium sales in Summit County trail pre-recession levels, and some in the real estate business place partial blame on guidelines at government-sponsored enterprises like Freddie Mac and Fannie Mae.
Average condominium sales in Summit County from 2000 through 2007 averaged 1,161 units per year, according to data from the Summit County Association of Realtors. In 2008, […]

The first time home buyer credit applies for up to 10% of the purchase price of the home, not to exceed a maximum of $8,000. The $4,000 mentioned in the update applies only when married couples are filing separate returns. Each filer is allowed up to a $4,000 credit. A single individual qualifies for the […]

VAIL VALLEY, Colorado— Steve Pywell took a big step toward selling his Cordillera home on Saturday, a year after he put it on the Vail Valley real estate market.
Like many people selling their homes during the recession, the Houston, Texas, resident had to slash the price before attracting a buyer. He said he cut $700,000 […]

September 14, 2009
By Lawrence Yun, Chief Economist
September has come again, and most folks are back from vacation. Kids are back in school. Traffic (in most locales) has returned to its usual nightmarish levels. Many of us are asking ourselves “where did the summer go?”
Well, summer is not the only thing that has ended. The world-wide […]

Passing through the Fort Myers, Fla., airport a few weeks ago, I noticed people eagerly signing up for a free bus tour of foreclosed real estate—with all properties offering water views. During the ride to my hotel, the young driver volunteered that he had just bought his first house, paying $65,000 for a foreclosed property […]