Keats Ann Scott, CRS
Colorado Dreams
I can send you a list of everything currently for sale in
Summit County, just ask.
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I can send you a list of everything currently for sale in
Summit County, just ask. |
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Colorado Dreams |
Colorado Dreams Broker May 2009 Newsletter ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
in this issue This is my favorite time of year to be selling property in Summit County. For me it's because most of the condos are empty and easy to get into, to the buyer if you buy now you get to enjoy the summer in this beautiful country! Hey, Make an Offer! ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ If you have been reading my newsletters for a while, you know I pay attention to statistics. Traditionally in Summit County properties sell between 97 and 95 percent of list price. That seems to hold true no matter what our market is. Part of the reason is that prices keep getting reduced until they hit that "magic" number where buyers make an offer. This winter and spring I'm seeing some exceptions to that rule. In late April a 7000 square foot ski-in ski-out home on Four O'clock run in Breckenridge closed for $3,300,000 when it was listed for $3,999,999. That's 17.5% off of list. Actually it had been listed on and off since June 2005 with the highest price in February 2008 of $4,750,000. Two homes had sold in the neighborhood for over 3 million in 2007. Are we at 2007 prices? In many cases in Summit County a seller does have a lot of equity in the property. Either they bought it a while ago and the prices have gone up or they put a bunch down. With a little research it is possible to tell if a low offer has a chance to "fly". Even if logic says a seller should take a lower offer it still may not happen - it depends on the person and their situation. So - the botton line is - make an offer, you might be surprised. Update on my listings~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Heeney Cabin with fantastic views. Around 1300 square feet this "A frame" style cabin has one small bedroom on the main floor, a loft and two other rooms on the lower walk-out level. Nice roomy living area with gas fireplace and lake views. It's priced at $295,000. You can see more pictures on my web site at http://www.coloradodreams.com/94happylanding.htm $100,000 Price Reduction These sellers are serious and ready to sell now. They have reduced the price on this cabin to $395,000. This is a chance for you to own your very own lake cottage in Heeney. Knotty pine throughout, it's the quintessential lake cottage. A large open living area with lake views opening to a giant deck. Eat-in kitchen with all the modern conveniences (unusual for Heeney). The antique cookstove which is used as woodstove in the living area is a real charmer. One bedroom and a bath with shower on the main level, downstairs is a small family room, two bedrooms and a full bath with claw foot tub. There is also inside storage for a small boat or other toys and workshop. The location is almost on the shore of the Green Mountain Reservoir. Adjacent to forest service land, only about 150 feet from the lake shore (when the reservoir is full). The seller is part owner in a dock too. Give me a call to see this home.More info plus the tour on my web site $395,000. In Blue Valley Acres $290,000. Five bedroom, two bath home. Enjoy lots of space inside and out. Traditional two story floor plan with four bedrooms and a bath upstairs and another bedroom on the main level. Freshly painted kitchen and living room. Lots of updates with new decks, windows, siding and kitchen tile. The full basement works great as a workshop and extra storage. Outside is a three bay garage with heavy duty 220 wiring and other features. Blue Valley Acres is a sportsman's paradise with private fishing rights on the Blue River, hunting, snowmobiling and lake activities nearby. More pictures. Heeney Property For Sale Currently the liquor store and bait shop. Almost an acre of land, three buildings, the business and fixtures. The buyer will purchase the inventory separately. You aren't limited to liquor store and bait shop, B-1 zoning has lots of options. It's possible for the owners to live on the premises too. $350,000. More Info Forclosures and Short Sales ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ We don't have many - but buyers keep asking. These aren't my listings, but I can sell them. In order by price: $128,000 One bedroom ground floor Dillon Valley East Condo - short sale. $289,000 Two bedroom Tannhauser Condo on Main Street Breckenridge - short sale. $349,900 3 bedroom 3 bath, upgraded Frisco Bay Townhome - short sale. $350,000 3 bedroom single family home in Silverthorne - short sale. $449,900 3 bedroom single family home in Silverthorne- across from Post Office - short sale. $518,900 2 bedroom plus loft top floor Gateway condo at Keystone - bank owned. $549,900 for each side of this duplex. Each 3 bedroom 3 bath south of Breckenridge - short sale. $599,900 3 bedroom Ski Tip Ranch townhome at Keystone - short sale. $649,900 for each side of this duplex. Each 3 bedroom 3.5 bath south of Breckenridge - short sale. $759,900 5 bedroom single family home above Breckenridge - bank owned. $999,000 5 bedroom single family home south of Breckenridge - short sale. $1,175,000 4 bedroom home, part of the 2007 "Parade of Homes" north of Breckenridge - short sale. $1,650,000 4 bedroom log home on 40 acres north of Silverthorne - short sale. Let me know if you would like more information on any of these properties. Some of the above might look tempting, but you actually might get a better buy dealing with a seller who doesn't have to get bank approval - in other words someone who has more equity in the property. I can help you find those properties. Lender News ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Rates are still great! If you have the best credit (score of 740 or better) you could get less than 5 % for a 30 year loan. if you are willing to pay some points to bring the loan rate down you could get 4.5% The rates are changing daily and vary depending on the property type, credit scores and documentation required. Call me, I work with lots of good lenders. If you would like to know what you can qualify for just give me a call or email and I'll put you in touch with some of them. Search the Summit County MLS ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ You can search everything for sale in the Summit County MLS from my web site at: www.coloradodreams.com/idx.htm Call me (or email) if you would like the latest list of everything currently for sale. Go ahead and forward this email on to any friends and family who are interested in Summit County Colorado real estate. Your referral is the greatest compliment you can give me. My toll free number is 800-571-1091 or 970-485-0793 or send an email to keats@coloradodreams.com. If you are no longer interested in property in Summit County, just let me know. I'll take you off my mailing list. Keats is blogging ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Is YouTube next? Well, yes - I've done one little video - watch for more. The address for the Blog is: http://keatsannscott.blogspot.com/ In theory it should be a good place to see updates on the market and things happening in Summit County, rather than waiting for this newsletter. I would love it if you would leave a comment. I've also set up a Facebook account. Still learning the "ins and outs" but it is very interesting, and a great way to keep up with people. Add me as a friend if you would like to really keep in touch - Keats Ann Scott, keats@coloradodreams.com
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