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.
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 seventeen units on the market. The lowest price is a one bedroom unit for $129,900. In the town of Dillon near the lake there is a shortage of condo options. The lowest priced is a two bedroom in Lodge at Lake Dillon for $250,000. That’s within walking distance to the marina, farmers market and restaurants. Prices go up to $1,099,000 for a four bedroom condo at Summer Ridge which has a breathtaking view of Lake Dillon. 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 51 active listings of half duplexes and single family homes in the Dillon area. Of those the lowest price is $337,900 for a three bedroom half duplex in Dillon Valley. Six homes are listed for a million or more. Eight homes are currently pending. Looking back over the last year, 31 single family homes and half duplexes have sold, the lowest price was $294,200, thirteen sold between 3 and 4 hundred thousand and one over a million.
You would have several choices in vacant lots in the Dillon area. Currently there are twenty-six on the market. The prices range from $149,900 for a half acre lot above Dillon Valley to $399,000 for a building site in Summerwood. Only one lot sold this past year at the price of $193,000. 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 Dillon and Summit County, let me know if you would like a copy. To get the latest info, search the mls from my web site.
Showing posts with label Real Estate. Show all posts
Showing posts with label Real Estate. Show all posts
Friday, December 11, 2009
Thursday, October 15, 2009
Guide for Finding the Perfect Second Home Part 6
Which location is right for you?
Ski-in Ski-out? That’s where you will pay a premium price, but you can get more income if you are renting out the unit too (more on that in a future blog). There is the true ski-in ski-out where you literally take off your skis at the door and then there are the neighborhoods where you are a short walk to the slopes. You will have a lot more choices if you are willing to take the short walk. Some of the areas you might consider are parts of the town of Breckenridge, most of Copper Mountain Resort, and the River Run Village and Mountain House areas at Keystone.
Resort Living? That’s my term for a property that is a short bus ride away from the slopes or lake. You have the benefit of the resort location, yet the price of the property will be less. Summit Stage is a free bus service that makes frequent stops around the towns. Breckenridge, Keystone and Copper Mountain each have a bus service within the resorts.
In Town? Some people like to be within walking distance to shops, restaurants and parks. Breckenridge, Frisco and Dillon have many choices of properties in town. Silverthorne is a little more spread out, but the town is working on a bike and walking path along the Blue River. Years ago I sold a condo to a buyer in Frisco; she told me she had a choice of 15 restaurants and bars within walking distance of her property.
Outside of Town? Others would rather feel like they are in the mountains. I think Wildernest is the best of all worlds, lots of condos with lots of choices, forest service land within a short walk and yet town is just 10 minute drive away. They are some neighborhoods of single family homes out of town too. To give you an example of a few; above Silverthorne are Mesa Cortina and Government Small Tracts. Outside of Dillon are Dillon Valley, Summit Cove, Soda Creek and Whispering Pines. Outside of Breckenridge is Blue River (really an incorporated town, but no businesses), Silver Shekel, Crown, Highlands and many others. These neighborhoods are all going to be in a subdivision with the lot sizes usually between a third and one acre. Some areas have city water and sewer, the rest will be well and septic, most have access to cable TV and high speed internet and county maintained roads.
Really Outside of Town? In general the farther you get away from the slopes and Lake Dillon the prices go down. If you are willing to go north of Silverthorne to Heeney (24 miles) or Blue Valley Acres (29 miles) you will get more for your money. The same is true if you are willing to go south of Breckenridge at the base of Hoosier Pass in Quandary Village (also called Northstar). If you want a larger piece of land you will have the best selection north of Silverthorne among the 20 and 40 acre “mini ranches”.
One way to figure out which location is best is to think about what you like to do. Do you enjoy eating out, shopping and would like to be able to walk home after a night on the town? Would you like the flexibility of having a bus stop nearby so that members of your group can come home on their own schedule? Do you want to be able to leave your car in the garage and ride a bicycle or walk to your favorite activities? Would you like to be able to hike out your own back door?
Tuesday, October 13, 2009
Guide for Finding the Perfect Second Home Part 5
There are four types of residential property.
• A single family home is a freestanding structure where you own the land around the home. The lot size can be as small as less than a 1/10 of an acre up to several hundred acres. Normally with a single family home you will be responsible for all the maintenance on the property. That will include snow plowing, landscaping and painting at least.
• A duplex is actually a half of a duplex. Normally each side in individually owned. There will be some land, with the lot line going right through the building. We have a few duplexes where are split between top and bottom, but most are side to side. There will be a recorded document called a party wall agreement which will address the responsibilities of each owner, such as insurance coverage and paint color to name a few. The two owners may go together to arrange for snow plowing and maintenance but it will be the owners expense.
• A town house is attached to more than one other unit. There may be a small piece of land besides the footprint of the building. Most of the land around the building will be common area. With a town home there is usually an owners association and association dues. The dues can cover as little as the insurance on the common area up to building maintenance including painting, snow plowing, landscaping, building insurance and more.
• A condominium will be more like apartment living. You will own the unit plus a share in the common area (hallways, parking lots, clubhouse, lawns, etc). There will be association dues; they usually include the maintenance on the building, snow plowing and shoveling, dumpsters for trash, common utilities and landscaping. At most complexes it also includes water, sewer, insurance on the building, and basic cable TV some include the heat and electricity. Some complexes have a clubhouse with pool and hot tub. The advantage is that you only have to worry about the inside of your unit. The home owners association will hire people or a property management company to do the maintenance on the outside and common areas of the complex.
• A single family home is a freestanding structure where you own the land around the home. The lot size can be as small as less than a 1/10 of an acre up to several hundred acres. Normally with a single family home you will be responsible for all the maintenance on the property. That will include snow plowing, landscaping and painting at least.
• A duplex is actually a half of a duplex. Normally each side in individually owned. There will be some land, with the lot line going right through the building. We have a few duplexes where are split between top and bottom, but most are side to side. There will be a recorded document called a party wall agreement which will address the responsibilities of each owner, such as insurance coverage and paint color to name a few. The two owners may go together to arrange for snow plowing and maintenance but it will be the owners expense.
• A town house is attached to more than one other unit. There may be a small piece of land besides the footprint of the building. Most of the land around the building will be common area. With a town home there is usually an owners association and association dues. The dues can cover as little as the insurance on the common area up to building maintenance including painting, snow plowing, landscaping, building insurance and more.
• A condominium will be more like apartment living. You will own the unit plus a share in the common area (hallways, parking lots, clubhouse, lawns, etc). There will be association dues; they usually include the maintenance on the building, snow plowing and shoveling, dumpsters for trash, common utilities and landscaping. At most complexes it also includes water, sewer, insurance on the building, and basic cable TV some include the heat and electricity. Some complexes have a clubhouse with pool and hot tub. The advantage is that you only have to worry about the inside of your unit. The home owners association will hire people or a property management company to do the maintenance on the outside and common areas of the complex.
Tuesday, September 22, 2009
Home just north of Silverthorne
I put together a video tour of the three bedroom home that is listed for $545,000.
Saturday, May 30, 2009
Silverthorne and Wildernest Market Update
Here’s what’s going on in the Silverthorne real estate market. 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 $144,900, it's a studio unit in Riverbend Condos. Right now 136 condos and townhomes are currently for sale in Silverthorne including Wildernest (above Silverthorne to the west). Prices go up to $779,000 for a new three bedroom townhome. Twelve are pending and 116 have sold last year. Those prices ranged from $135,000 for a studio condo up to $672,000 for a four bedroom townhome built in 2001.
This year the market for single family homes and half duplexes has slowed down; there are some signs of an increase in activity. There are 157 homes and half duplexes for sale in the Silverthorne area. The prices on homes range from $299,000 to $3,975,000, five are pending. Eighty-four have sold in the last year, prices from $300,000 to $3,975,000.
If you are willing to drive north of Silverthorne about 30 miles to Blue Valley Acres which is just into Grand County you can get a lot more for your money. Right now there are eight homes for sale in Blue Valley Acres. Prices start at $245,000. In the Heeney/Green Mountain Reservoir area (24 miles north of Silverthorne) I have a couple neat cabins for $295,000 and $395,000. Here’s a link to that property info.
You have many options in building sites in Silverthorne. Prices run from $190,000 for a quarter of an acre north in Fox Valley at the Raven and go up to $619,000 for over an acre in the Three Peaks subdivision. If you are looking for acreage north of Silverthorne the lowest price is $349,900 for 20 acres up to 2.2 million for 70 acres in Shadow Creek Ranch. There are small ranches north of Silverthorne “down the Blue” between 1.8 and 5.25 million. Around the Green Mountain Reservoir, there is a 20 acre lot for $599,900 and 314 acres up Cataract Creek Road for $3,375,000.
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.
This year the market for single family homes and half duplexes has slowed down; there are some signs of an increase in activity. There are 157 homes and half duplexes for sale in the Silverthorne area. The prices on homes range from $299,000 to $3,975,000, five are pending. Eighty-four have sold in the last year, prices from $300,000 to $3,975,000.
If you are willing to drive north of Silverthorne about 30 miles to Blue Valley Acres which is just into Grand County you can get a lot more for your money. Right now there are eight homes for sale in Blue Valley Acres. Prices start at $245,000. In the Heeney/Green Mountain Reservoir area (24 miles north of Silverthorne) I have a couple neat cabins for $295,000 and $395,000. Here’s a link to that property info.
You have many options in building sites in Silverthorne. Prices run from $190,000 for a quarter of an acre north in Fox Valley at the Raven and go up to $619,000 for over an acre in the Three Peaks subdivision. If you are looking for acreage north of Silverthorne the lowest price is $349,900 for 20 acres up to 2.2 million for 70 acres in Shadow Creek Ranch. There are small ranches north of Silverthorne “down the Blue” between 1.8 and 5.25 million. Around the Green Mountain Reservoir, there is a 20 acre lot for $599,900 and 314 acres up Cataract Creek Road for $3,375,000.
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.
Tuesday, March 31, 2009
Heeney on Trulia Snapshot
This is pretty neat - actually there are a couple other listings in Heeney too - but this is amazing!
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