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| Kelli's Featured Northstar Village Listing |
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| This handsome, newly-constructed luxury home exudes an elegant warmth with the perfect balance of Colorado mountain style and modern finishes. Soaring ceilings, wood, stone and loads of natural light bring the outdoor elements inside giving a sense of being one with the majestic, top-of-the-world alpine views. With built in "cubby beds" and queen size bunk beds, the home sleeps many guests comfortably. There are two living areas; a large dining table and bar and a spacious patio where family & friends to gather. Learn more. |
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Summit County Real Estate Update
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Residential Sales: Check out the charts above to see that year-to-date (1/1-2/17) sales are up 39%, and the average sold price is up 16%. However, the percent of list-to-sold softened just a bit down to 99.8%.
New Construction: Represents about 14% of the sales so far, and that 14% happens to be the same percentage of new construction sales as last year for the same period. Of the pending properties, 63% are new construction and of the current active listings, 35% are new construction.
Inventory: The net inventory of active listings has dropped by about 11 from the beginning of February. The total number of active listings is currently 144, with about 94 being resales and 50 being new construction.
Showings: As of the February 1, inventory was down about 64%. Even with a decrease in inventory, the number of showings are pretty close to what they were in 2020.
Under Contract Activity: Is up substantially, with the total number of pending transactions up about 36% over last year at this time.
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Why Get Pre-approved for a Mortgage
Before You Shop?
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There are a few good reasons to do this. The first is to properly set your expectations as a buyer. What if you think you can afford more than you actually can? What if you start shopping, find your dream home, then discover you aren't qualified to buy it?
Second, a mortgage professional will be able to tell you what you can use for income and assets, and can pull your credit report. You can pull your own credit score, but you still need to know its impact. A mortgage professional can tell you how it will affect your interest rate and for which programs you qualify.
Third, if you need to pay down or pay off debt to get your debt ratios in line, it's better to know sooner rather than later. Lastly, you should get pre-approved so real estate agents and sellers will take you seriously. Having that pre-approval letter in hand will set you apart
from unqualified buyers and take you a long way in the home-buying process.
I can refer you to a mortgage professional who can help you through this process. That assistance will be invaluable as you begin the search for the perfect place to match your budget and lifestyle. |
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| Meet Kelli's Client: Master Woodworker Steve Eytel |
| Looking for custom woodwork that's anything but ordinary? Look to Cascade Woodworking where Steve Eytel creates one-of-a-kind tables, counters, stools, beds, vanities, ceiling beams...you name it. Steve grew up in the Washington Cascades and started his craft at a young age. He's now based in Fairplay and works with homeowners throughout Summit County, creating unique pieces that reflect each client's individual style. Visit his website or call 650.315.7679. |
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Wondering What’s Happening in
Your Neighborhood? |
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How has the price of your home changed in today’s market? How much are other homes in your neighborhood selling for?
If you’re wondering about prices in your area, or thinking of selling your home, I can help.
Just call me at 970-390-9311 or email me at kelli@kellisells.com for a professional price analysis. There is absolutely no obligation.
I’ll give you honest feedback about the value of your home. And I’ll also give you the inside scoop on what’s happening in the housing market in Breckenridge, Dillon, Frisco, Silverthorne and Keystone.
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| Share This Newsletter |
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If you find this newsletter helpful or interesting, share it with those you care about.
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| This newsletter and any information contained herein are intended for general informational purposes only and should not be construed as legal, financial or medical advice. The publisher takes great efforts to ensure the accuracy of information contained in this newsletter. However, we will not be responsible at any time for any errors or omissions or any damages, howsoever caused, that result from its use. Seek competent professional advice and/or legal counsel with respect to any matter discussed or published in this newsletter. This newsletter is not intended to solicit properties currently for sale. |
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