Summer 2011
News & Views
BRECKENRIDGE• COPPER MOUNTAIN • DILLON • KEYSTONE • FRISCO • SILVERTHORNE • WILDERNEST
The Simson / Nenninger Team
S u m m i t R e a l E s t a t e
T h e S i m s o n / N e n n i n g e r T e a m
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fter one of the best snow years on record, we are enjoyinga blissful, Colorado mountain summer. As the local sayinggoes, “We came here for the winter, but stayed for the summer.”Our crystal ball readings and recent trends? Our brokers areloaded with first-hand, up-to-date research on the local marketthat we’ll happily share with you. What we’re noticing at presstime:• Summit County overall activity has picked up a bitover last year. Number of sales is up, but dollar volumeis showing very close to the same as last year; showing adownward trend in pricing and prices of properties that are being sold.• Inventory is down from last year – foreclosure and shortsale activity is up a bit, but not by leaps and bounds. Thereare some really great deals to be found in the “retail” market-not just the “wholesale” market of foreclosures and shortsales. We can get you all the details on these properties andhelp you find the best property for your situation.• We do anticipate higher inventory coming on the marketthis summer along with the buyers who typically come hereto ski in the winter and come back to buy in the summer!• This year, over 50% of all Summit County transactions werefrom cash buyers – no financing involved. There are peopleout there who have money to spend and are recognizing thatresort real estate is an excellent investment in lifestyle. Maybeyou’re one of them.• We do anticipate the prices will continue to fall and thatwe are at the top of our market for the foreseeable future. So,why should you buy now? While price is a major concernfor Sellers, COST should be the primary concern if you’rea buyer. Take into account the total monthly payment, not just the price tag. The interest rate – the money it costs youfor a mortgage is important if you are getting a loan. Ifyou plan to pay cash, you need to know that you are usingyour money in the best place, and that it’s not better spentsomewhere else that might have a higher rate of interest.Waiting for prices to hit the bottom while interest rates areincreasing can wind up costing much more over the time youown the property. The projection is that interest rates will beincreasing over the next several quarters. Looking at the bigpicture will help you make a decision, and remember the realreason you are likely buying here in the first place – lifestyle!The enjoyment you and your family will have together andthe connection to your spirit you will find in these mountainsis priceless.
START LOOKING!
Explore these pages and see what firesyou up – what gets you thinking and gets your imaginationworking! Check us out online at www.SummitRealEstate.comfor complete listings and also our featured listings. Grab a mapand contact us to begin tracking down your dreams.
Welcome to Summertime in the heart ofthe Rocky Mountains!
WHAT'S INSIDE
Summit County .............................................................................2Silverthorne ...................................................................................3Dillon ...............................................................................................4Keystone .........................................................................................5Frisco ...............................................................................................6Breckenridge ..................................................................................7Questions & Answers ..................................................................8Meet Summit Real Estate ......................................................9-10Featured Listings ..................................................................11-13Calendar of Events ...............................................................13-17Resource Guide ...........................................................................18
The Simson / Nenninger Team
What is themarket doingin your town?
Please go to
www.SummitRealEstate.com.
Scroll over “Home Values”and click on the town you’reinterested in. If you’d like tosee how the numbers stack up,you’re in for a treat!
Average sold pricein Summit Countythrough 2010
$586,00094%
Average sold priceto list price ratio
260
Average days on market
Photo by McKennzie Rains
Preview All Active Properties On-Line at:www.SummitRealEstate.com
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The Multiple Choice Answer
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s we soak up Colorado’s cobalt-blue skies and magnificentstarry nights it is difficult not to take for granted "another day inparadise". There is an underlying melody to life in Summit County.It is found in the rhythms of nature, the heartbeat of a ski racer, the babble of the river and in the whisper of the wind. Let this faintmelody become the soundtrack for the best moments of your life.When one says "Summit County" the communities ofBreckenridge, Keystone, Copper Mountain, Dillon, Frisco andSilverthorne come to mind. We have created this newspaper not onlyto acquaint you with real estate opportunities in these communities, but also to share with you some of what we love about SummitCounty. Real estate opportunities are the best they have ever beenwith interest rates still very low.Rather than "home sellers", we like to think of ourselves as "dreammakers" and we believe that there is something here for everyone,no matter what their needs, desires or dreams. We hope you use thisnewspaper not only as a tool for your real estate purchase in SummitCounty, but also that it introduces you to the luster and vibrancy ofSummit County.We believe that your purchase of real estate in Summit Countyshould be more than a "tour" of homes where you see so manyproperties that you can’t distinguish between the first one on the listand the last. A tour that leaves you feeling like a tourist, confusedand undecided. Our approach to selling real estate is different. Inaddition to being devoted real estate professionals, it is our desire toshare with you the details that make Summit County like no place
Come Home to Summit County!
20 Year Residential Average Price Housing Index: Summit County
Residential units include all improved residential property types; Single Family, Duplex-Triplex, Townhome, Condominium
else on earth. Notonly are we excited toexplore with you yourideas of what makesa house a home, butalong the way perhapswe’ll share with youthe story of the day itsnowed ducks on I-70,give you the “straightscoop” on localschools, or answer yourquestions about how tofind Heeney and whyin the world there is a “Tick Fest” there every summer. We’ll sharewith you the hidden places, back roads and little nooks and cranniesthat are rarely seen or talked about.And, if selling your property is a priority, you won’t find amore “tuned-in” and successful Team to work with. If you wantmore money in your pocket, a faster sales time and a hassle freeexperience, call Summit Real Estate – The Simson/Nenninger Team.We think you’ll discover, along with more than a thousand otherfamilies, that sometimes the best things in life really do come insmall packages.
It would be our pleasure to serve you.
The Simson / Nenninger Team
Data comes from actual recorded transactionsat the County Clerk & Recorder ’s office Not including timeshare interest, quit claim deed transactions and refinances.
Compliments of Land Title GuaranteeCompany
$117,032$123,040$132,295$154,397$181,846$211,165$220,552$249,822$268,661$308,526$332,750$337,894$333,260$349,403$394,702$457,232$528,343$582,545$587,866$554,802$0$100,000$200,000$300,000$400,000$500,000$600,000
$700,000
1991 1992 1993 1994 1995 1996 1997 1998 1999 20002001 2002 2003 2004 2005 2006 2007 2008 2009 2010
Call Now: 800.262.8442 ~ 970.468.6800Email Now: Info@SummitRealEstate.com
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The Gateway to Summit County
24/7
View all properties for sale in Summit County at SummitRealEstate.com.We’re Open All Night!
“
Allison’s optimistic approachto selling our property intoday’s market was very reassuring. Her knowledge of the Summit County real estate market is invaluable. Our experience with Allison and her team of specialists was avery positive one every step of the way.
”
Jeannie & Tony N.Cocoa Beach, FL
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WHAT YOUR MONEY CAN BUYPRICELESS
• A great central locationallowing easy access to thefour ski areas and othermountain communities• Lies at the base of theEagles Nest and Ptarmiganwilderness areas which arefamous for backcountryskiing, snowshoeing,hiking and backpacking• The Blue River providessome of the best year-roundGold Medal fishing in thestate• Enjoy the SilverthorneRecreation Center whichprovides fun for the wholefamily
CONDOS Silver Queen West….…….…….Studios from $117,500River Bend… ………………. …1 bedroom from $139,000Aspen Shadows……………...…2 bedrooms from $145,000Treehouse…………..…..………2 bedrooms from $179,000Villamont.………………...……3 bedrooms from $255,000TOWNHOMESSpyglass at Wildernest…..……2 - 3 bedrooms from $305,000Hideway Townhomes …………..3 bedrooms from $378,900Miners Run……………………...3 bedrooms from $412,000Blue River Run …..………….….4 bedrooms from $449,000DUPLEXES AND SINGLE FAMILY HOMES Willowbrook…………………….……$359,000 - $515,000Hamilton Creek………………………$1,049,000 - $1,495,000Mesa Cortina/Mesa Cortina West …...$499,000 - $1,369,000Eagles Nest…………….…………… $549,000 - $3,495,000VACANT LAND…………………………………..$155,000 - $6,300,000
Pricing and availability subject to change, call for pricing on larger unitsThe above information is from Summit MLS as listed by all Realtors
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fter town officials, business ownersand citizens met with economicdevelopment and planning experts duringSilverthorne's town core assessment process,town officials now have information theycan use to develop a new downtown.Four focus groups in late March broughtpeople together to discuss what constitutesa vibrant commercial core. They were led by a team of nine experts assembled bySilverthorne's project partners, DowntownColorado, Inc. and the Colorado Departmentof Local Affairs.The primary recommendation that cameout of the meeting was to use 4th Streetat a “core axis” for the area, meant toenhance pedestrian connectivity to existingpublic amenities such as the SilverthorneRecreation Center, Rainbow Park, the BlueRiver Trail, Silverthorne Pavilion and theSilverthorne Transit Center.“Silverthorne's Town Core area is a greatcanvas on which to build a strong identityfor the town,” said Katherine Correll,executive director ofDowntown Colorado,Inc. “It's not somethingthat happens overnight, but the assessment teamfelt that there were somesmall steps that could getthe ball rolling. The teamfelt that the 4th Streetcore axis was a potentialstarting point.”To make pedestrianconnections withinthe area deemed the“civic core,” the grouprecommended creating apedestrian-focused plaza east of the existingpedestrian bridge near the SilverthornePavilion. It would connect the Pavilionand the recreation center more formally,and provide an outdoor space for publicgatherings, town spokesman Ryan Hylandsaid.“The town council has yet to have anopportunity to meet formally to discusstheir initial thoughts on the presentation, but once that occurs we will begin lookingat concepts they would like to see exploredin more detail,” town manager KevinBatchelder said.The presentation of information collectedduring the focus groups is available onlineat www.silverthorne.org and at www.summitnews.com. It's also being aired onSummit County Television on cable channel10 at 1 p.m. and 10 p.m. daily.In the coming weeks, a narrative reportand recommended action matrix should beprovided to town officials by the team ofexperts, Hyland said.
Contact Ryan Hyland at (970) 262-7319 orryan.hyland@silverthorne.org with questionsor comments about the town core revitalization project.
Silverthorne eyes a new downtown design
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