Keystone Real Estate Market Update

About once a month I do a market update of the different areas in Summit County. The change I see between this month and last is that the inventory is down. This is the time of year when many owners take their property off the market to rent for the winter season.

We are getting new snow and skiing should be great. In financing a resort condo a buyer will probably need at least 25 % down and good credit, but the interest rate will be good too.

Keystone is where you will have good choices if you are looking for a resort condo. The River Run Village area at the base of the mountain is very popular. The units are all newer, built since 1996 and within an easy walk to the Gondola. One bedroom units start at $250,000, two bedrooms at $393,900. Nearby is a one bedroom in River Bank Lodge for $215,000. If you are looking for more for your money, the older complexes offer nice big floor plans and lower prices. In the Pines complex there is a two bedroom unit that is listed for $289,900. The numbers for all the condos and townhomes in Keystone are: 165 active, 13 pending and 121 sold in the last year. On my web site I do have a list of the condos and townhomes in the Keystone area. There won’t be prices because they are always changing, but you will see when the complex was built, how many units, and what amenities it has. If you see something that temps you – contact me or search the mls.

Keystone homes and half duplexes start at $319,900. and go up to $5,700,000. Right now there are 49 homes listed for sale. Many of those homes are in Keystone Ranch backing to the golf course. In lasts 12 months eighteen homes have sold 13 of those were a million or more. Every week I put together a list of everything for sale in Keystone and Summit County, let me know and I can email it to you. You can also search the Summit County MLS from my web site.

The small mining town of Montezuma is east of Keystone about 10 miles. Homes and lots for sale appear in the Summit County MLS under the Keystone area. Right now there are two homes for sale, the lowest price is $669,000 for a 4 bedroom home which used to be a Bed and Breakfast. There are several lots for sale, prices start at $390,000 for over an acre and go up to $499,000 for 5 acres at Webster Pass road.