Summit County Colorado Market Update

I’ve been neglectful about updating the market information. What can I say, the holidays take over and then the first of the year stuff. Now back to work!

This is the time of year when we have the least number of listings in Summit County. If the property hadn’t sold last summer the sellers take the property off the market for the winter and rent it. Though this winter there is still a nice selection of properties and some of them seem like real good buys. Starting in May we will see more coming back on the market. Buyers are taking advantage of the great interest rates and in some cases motivated sellers.

Here’s the latest on Dillon

The Dillon area consists of the town of Dillon, and several unincorporated neighborhoods. Some of those neighborhoods are Dillon Valley and toward Keystone, Corinthian Hills, Summerwood, Summit Cove, Whispering Pines and Soda Creek. The area has several price points.

The lowest price for condos is usually in Dillon Valley East and West. Currently there are 13 units on the market. The lowest price is a one bedroom unit for $94,900. I haven’t seen prices that low in years. There’s a three bedroom two bath for $172,400. In the town of Dillon near the lake, the lowest priced one bedroom is in the Yacht Club complex for $189,000, it has a great location right on the shore. Prices go up to $850,000 for a three bedroom condo in Summerwood perched above Lake Dillon. Right now there are 65 condos and townhomes on the market in the Dillon area, 5 are pending and 55 have sold in the last year. I do have a list of the condos and townhomes in the Dillon area on my web site. It won’t list prices but you will see a picture of the complex and other information. If you see something you like then you can search the MLS to see if anything if for sale in that complex – or just ask me.

Very few single family homes are for sale in the town of Dillon, but the surrounding neighborhoods of Dillon Valley, Summit Cove, Soda Creek and Whispering Pines have many options. There are 39 active listings of half duplexes and single family homes in the Dillon area. Of those the lowest price is $320,000 for a bank owned three bedroom home in Dillon Valley. Five homes are listed for a million or more. The most expensive is a fantastic home with incredible view of Lake Dillon. It has four bedrooms and 4 baths with 3440 square feet and the price is $1,795,000. Seven homes are currently pending. Looking back over the last year, 50 single family homes and half duplexes have sold, the lowest price was $265,000, it was a half duplex in Dillon Valley and the most expensive sold for $ 2,591,000 a four bedroom home right on the shores of Lake Dillon.

Frisco

Here’s my update on the Frisco real estate market. Frisco is a historic town in the center of Summit County, located on the west side of Lake Dillon. Where Dillon is known for its sail boats and regattas the Frisco end of the lake has lots of islands and quiet coves. Frisco does have its own marina too. Over the years I’ve met a lot of buyers who really wanted to own in Frisco because of the central location and the “cute” Main Street.

There are 77 condos and townhomes on the market. The lowest price for a condo that is not deed restricted is a two bedroom unit in the Creekside complex for $234,000. Prices go up to $1,190,000 for a completely remodeled Lagoon Townhome. Thirteen condos and townhomes are pending and in the last year 83 have sold. You can get information about Frisco condos on my web site. You will find a picture of the complex, size and year built. No prices because they are always changing, ask me what’s available or search the MLS.

In single family homes and half duplexes thirty-five are for sale. The lowest priced is a three bedroom home for $479,000. Otherwise the prices range from $535,000 to $1,750,000. Currently 4 homes are under contract and in the last year 31 single family homes and half duplexes have sold with prices ranging from $410,000 for a 3 bedroom home to $1,900,000 for a four bedroom home built in 2008. There are three homes for sale with deed restrictions, the prices are from $239,900 for a two bedroom home and up to $349,900 for 3 bedrooms. The lowest sale price this last year was a deed restricted two bedroom half duplex which sold for $199,481.

Let me know if you would like more information on any of these properties. Every week I print out a list of everything for sale in Frisco and Summit County, let me know if you would like a copy. To get the latest info, search the mls from my web site.


Keystone

About once a month I do a market update of the different areas in Summit County. More properties are going to be coming on the market as the ski season ends.

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 $229,500, two bedrooms at $325,000. Not in River Run, but right at the Mountain House is Slopeside with studio units that start at $144,900. If you are looking for more for your money, the older complexes offer nice big floor plans and lower prices. In the Quicksilver complex there is a two bedroom unit that is listed for $314,900. The numbers for all the condos and townhomes in Keystone are: 207 active, 14 pending and 137 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 $499,900. for a two bedroom Cabin in the Pines home and go up to $3,960,000. Right now there are 42 homes listed for sale. Many of those homes are in Keystone Ranch backing to the golf course. In lasts 12 months seventeen homes have sold. 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 is just one home for sale; $1,195,000 for a 4 bedroom home with over 4000 square feet.

Wildernest

In general Silverthorne and the Wildernest area are where you will get the most for your money in Summit County. The lowest price for a condo is $89,500; it's a studio unit in Riverbend Condos. Right now 83 condos and townhomes are currently for sale in Silverthorne including Wildernest (above Silverthorne to the west). Prices go up to $679,000 for a new three bedroom townhome. Thirteen are pending and 95 have sold last year. Those prices ranged from $115,000 for a one bedroom Treehouse Condo up to $535,000 for a four bedroom townhome. You can find a list of the condos in Wildernest and Silverthorne on my web site. The size of the complex, year built and pictures are there too. To find out prices you will need to call me or search the mls. Prices are always changing.

In the last year the market for single family homes and half duplexes has slowed down; what a great buyer’s opportunity with lower interest rates and lots of choices. There are 91 homes and half duplexes for sale in the Silverthorne area. I’ve listed a great three bedroom home near the Blue River for $499,999. The prices on homes range from $255,900 to $3,499,000. Ninety-six homes have sold in the last year, prices from $280,000 to $2,200,000.

You have many options in building sites in Silverthorne. Prices range from $153,900 for almost half an acre on the fairway at The Raven golf course and go up to $535,000 for over an acre in the Three Peaks subdivision. If you are looking for larger acreage the lowest price is $499,900 for 20 acres up to $6,300,000 for 156 acres at Slate Creek. There are small ranches north of Silverthorne “down the Blue” starting at $795,000 for a 4 bedroom home on 40 acres.
Every week I put together a list of everything for sale - I'll send it to you if you would like. You can also search the Summit County MLS from my web site.

Heeney and Blue Valley Acres

If you are willing to drive north of Silverthorne about 30 miles to Blue Valley Acres (which is just into Grand County) or 25 miles north to Heeney on the Green Mountain Reservoir you can get a lot more for your money.

Right now there are four homes for sale in Blue Valley Acres. The lowest price is a three bedroom home for $179,000 and the highest $417,000. In the last year seven homes have sold per the Summit County MLS. The most expensive sold for $365,000.

Vacant lots in Blue Valley Acres are a comparative bargain too. There are ten lots on the market. The prices range from $38,000 to $189,000. I’ve got a great 4 acre lot listed for $75,000. You can find out more about Blue Valley Acres on my web site.

In the Heeney/Green Mountain Reservoir area (24 miles north of Silverthorne) there are three homes for sale. I have one listed, a one bedroom cabin on over a third of an acre for $175,000. In vacant land there is a acre above the marina for $199,900 and two acres near Cataract Creek for $315,000. Follow the links to property info. In between the north end of the Green Mountain Reservoir and Blue Valley Acres is 9 acres along Highway 9 with a well for $59,900.