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Summit County Real Estate Report as of
September 6, 2019
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Inventory: We are at the peak for the year with the greatest number of properties for sale; from here the number typically goes down as ski season approaches. We will see if history repeats itself by winding down the number of active listings over the next few months.
Months of Supply: Below is listed the number of months it would take to absorb the current inventory based upon the previous 12 months of sales;
• $0-$500,000 range: 4 months.
• $500,000 - $1,000,000 range: 5 months.
• $1,000,000 - $2,000,000 range: 7 months.
• $2,000,000 and up range: 16 months.
Condominium Sales: Prices are up about 5% with the number of sales down about 2%, with the average increase in sold price up by $25,000.
Single-Family Home Sales: Prices are up about 13%, with the number of sales down about 12%. The average single-family home will cost about $1,300,000 for a gain of $155,702 over the average in 2018.
New Construction Sales: There have been about 114 sales so far this year with many going under contracts scheduled to close later this year and into the next couple of years. The percent of list price to sold price is over 100% vs. the resale market which is hovering around 98%. On average a new property will cost $387,000 more than a resale. Of the current 400 plus properties under contract, over 40% are new construction.
Luxury Sales: Luxury sales so far this year have improved in Summit County by about 2.5%, with 6 additional luxury properties selling through September 6, 2019 as compared to the same time period in 2018.
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| Choosing the Perfect Paint Colors for Your Home |
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How do you usually choose the paint colors for your walls? Many people consider their favorite shades, or try to match existing furniture or other décor. But did you know that there are optimal colors for each room type?
The next time you're ready to splash a new color on your surroundings, consider choosing a hue that suits the room's purpose. Here are some guidelines to use as you pick your paint.
Dining rooms: Red. The color red is believed to make people hungry. It's an exciting color that whets the appetite, making it ideal for the dining room.
Bedrooms: Green. This color is typically associated with calmness and relaxation. Green in the bedroom can help you rest well after a hectic day.
Offices: Blue. This shade is a productivity booster. As a calming color, it can help lower your heart rate so you can focus, yet it also stimulates energy so you can work hard.
Kitchens: Yellow. When cooking, this bright, cheerful color adds to the enjoyment of food preparation. It also creates an inviting atmosphere for the heart of your home, where family and guests often gather.
Living rooms: White. By reflecting light, white makes a room appear larger. This hue also encourages relaxation. These qualities make it the perfect choice for lounge spaces.
Media rooms: Black. It sounds extreme, but consider the atmosphere of a movie theater. Black, or another dark shade, allows viewers to focus on the screen as the only light-colored area of the room. The darkness also reduces reflections and improves viewing color.
If these colors don't appeal to you for paint selections, consider adding splashes of these
shades in each room. Add red decorations around the dining table. Add some green throw pillows in your bedroom. You might be surprised at how well these accents enhance the ambiance of each space. |
Wondering What Your Breckenridge Home is Worth?
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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 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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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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Breckenridge Events
Sept. 12 - 15. Breckenridge Wine Classic.Your chance to grow your knowledge and enjoy top quality food and wines from vineyards around the world. Sommeliers, chefs and winemakers invite you to play, wine and dine.
Sept. 19 - 22. Breckenridge
Film Festival. From the festival that brought the world Shawshank Redemption, LA Confidential and Kung Fu Panda, it’s no wonder USA Today lists the BFF in the Top 20 American Film Festivals.
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| Ask Kelli: |
Should I price my home higher to leave room for negotiations?
A home must be priced in the "strike zone" for buyers to make an offer. If your home is priced outside of this zone, your home could sit unsold for a long period of time.
The longer a home remains on the market, the more buyers will wonder "What is wrong with this listing?"
When you're ready to list your home, I will complete a comparative market analysis (CMA) to evaluate what similar homes are selling for in your market. I will then recommend a price that will get your home sold quickly, for as much as possible, based on current market demand.
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