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Summit County Real Estate Report for June 2019
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Inventory Soars: The local inventory of properties for sale has been increasing as it usually does this time of year, but in the month of June it soared! As of July 7, the county has 28% more properties for sale then it did on June 1st. That comes to about 160 more properties for buyers to choose from.
The gain in available inventory is a mixture of new and resale. The areas of the county with the greatest increase are Frisco, Dillon, Keystone and Silverthorne. These areas accounted for 70% of that gain while the Breckenridge area accounted for about 30%.
Real Estate Sales through June 30: The number of sales dropped 10% and the average sold price is up 10%, translating to a $74,126 increase.
Condominium Sales: Prices are relatively flat with just a 4% improvement, or about $20,000 more, for a condo today
versus last year at this time. Condo sales are flat too, with about a 3% decrease this year and an increase of 2 weeks in the amount of time to sell.
Single Family Home Sales: On average, it costs an additional $236,000 to buy a home today as opposed to this time last year. The average sold price for a home in Summit County has increased by 21%, while home sales have decreased by about 18%.
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| Moving? Beware! How to Avoid Mover Scams |
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4,100 consumers filed moving fraud complaints in 2017, according to the Federal Motor Carrier Safety Administration. Be aware of common scams, and take steps to protect yourself from these fraudulent activities.
Get it in writing: It might be tempting to get a quick quote and schedule your move over the phone. Don't do it. This is one of the easiest ways to get scammed. Since you have nothing in writing, the movers can easily charge whatever they want once they begin, and they may hold your belongings hostage until you pay an outrageous amount. Always schedule an in-house walk-through to get an accurate quote, and get the agreed to amount in writing. Don't neglect to carefully read the insurance policy to make sure your items are covered in case of damage or loss.
Read the fine print: When you sign a contract with a mover, read all the fine print.
Make sure you understand the terms of payment before you sign. Unscrupulous movers may include terms that allow them to hijack your belongings after demanding more money. If you've signed anything that allows for these practices, the police will be unable to intervene.
Vet the movers: Before you agree to work with a moving company, research its reputation. Contact the Better Business Bureau to check the company's rating. Ask for recommendations from friends. Read online reviews. Ask movers for proof of registration, proof of insurance and an office address.
Try a hybrid approach: For short distances or relatively light loads, consider renting and driving the truck yourself, and hiring movers for loading and unloading only. This will keep your possessions under your control to prevent hijacking scams. (It can also reduce the cost of the move!) |
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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? Do I need a house inspection? These are all critical questions that shouldn't be overlooked when thinking about buying or selling your home.
If you’re wondering about prices in your area, or thinking of selling your home, I can help.
Just call my office at 800-289-7005 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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| 5 Buyer Turn-Offs to Avoid This Summer |
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When you're in the process of selling a house and moving, you have a lot on your plate. You might be searching for a new job, researching your next home and doing everything you can to keep your kitchen spotless for the next showing.
With so much going on, it can be easy to let seasonal maintenance items slide. It's crucial to keep the outside of your home in top shape and maximize its curb appeal. Here's how to make it shine.
1. Manicure the yard. Keep your landscaping tidy. Sweep walkways, cut the grass and pull weeds. A well kept yard with attractive flowerbeds and an inviting front porch are appealing to buyers. Dead tree limbs, piles of leaves and overgrown lawns can be instant turnoffs.
2. Clean the gutters. Clogged gutters can cause drainage issues that damage your landscaping and foundation. If buyers see puddling
water and piles of debris on the roof line, it may raise doubts about your home's maintenance. Let them know it's a well cared for property by keeping gutters clear.
3. Check for critters. Uninvited guests are a sure turnoff for buyers. Make sure no pests have made your home their own this season. Inspect any attic, basement and crawl spaces. Cover vents with wire mesh and plug any holes or cracks that could allow animals access to your home.
4. Wash the windows. It isn't just a spring cleaning project. To attract buyers, keep those panes sparkling all summer. Be sure to wipe them down after storms to keep windows looking sharp.
5. Stay in season. Don't let your home look out of season. Be mindful of what is in the yard, on the deck or sitting on the front porch. Keep furniture, plants and decor in season (e.g. no holiday lights in the summer, no pumpkins in January and no scraggly summer plants in the winter). |
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Kelli Bennett
RE/MAX Properties of the Summit
220 South Main Street
P.O. Box 4600
Breckenridge CO 80424
970-390-9311 Cell
800-289-7005 Office
970-453-7365 Fax |
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| www.kellisells.com |
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| kelli@kellisells.com |
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| License # 40008935 |
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| July Events |
July 13. Breckenridge Beer Festival. Featuring over 50 craft breweries and live music. For more information.
July 26. Breckenridge Food and Wine Festival. A unique, wine-tasting experience in which Main Street Station Plaza and The Village at Breckenridge (at the base of Peak Nine) are transformed into a beautiful, mountainside vineyard with an array of varietals created by top wineries. For more information.
July 27-28. Annual Mac and Cheese Festival at Copper Mountain. 12 noon - 5 p.m. Bring your family and friends (both furry and human) and enjoy indulgent, crafty, cheesy dishes as our chefs deliver creative concoctions. Activities, samples and free eating competitions with prizes and free live music.
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| Are You a First-Time Buyer? Get My Free Guide |
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Buying your first home is a big step, and one that is likely to impact your financial future for years to come.
Make it easier by requesting my free guide, "How First-Timers Can Make a Wise Buy." |
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| Just reply to this email and I'll send it right out to you. |
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| Click here to see a web copy of this newsletter |
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| Ask Kelli |
How much is my home really worth?
I can provide a comparative market analysis (CMA) which gives a much more accurate picture of your home's current market value than popular home valuation websites. (According to Inman, an industry-leading real estate source, websites like Zillow and Redfin can be off by up to 40%.)
The CMA often includes active listings (currently on the market), pending listings (under contract) and sold (closed in the past year). By examining listings that are similar to your property, I can provide an approximate price at which you can expect to sell the home.
If you're curious about how much your home is worth, I'd be happy to complete a CMA for you. There's absolutely no obligation on your part, just useful information. |
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