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The Mountain iJournals

Vail Resorts sells Peak 8 land to timeshare developer for $11.1M

Breckenridge/Silverthorne/Frisco News | Vail Resorts sells Peak 8 land to timeshare developer for $11.1MVail Resorts Inc. finalized the sale of approximately 2.1 acres of land at the base of Breckenridge Ski Resort’s Peak 8 on Monday to an affiliate of Breckenridge Grand Vacations Inc. The sale price was $11.1 million in cash. Breckenridge ...

Appraisers busy as housing market picks up

Breckenridge/Silverthorne/Frisco News | Appraisers busy as housing market picks upSUMMIT COUNTY—Long-time appraiser Pat Stanton thought he was retired from the home valuation business, but an uptick in interest among buyers of local real estate has him back to work this year. Stanton worked for Summit Appraisal since ...

Summit real estate sees strong gains, especially in vacant land

Breckenridge/Silverthorne/Frisco News | Summit real estate sees strong gains, especially in vacant landSUMMIT COUNTY—If the real estate business here continues at the same pace as it did in January, 2013 looks to be a stronger if not solid year, with prices coming up and inventory shrinking. It’s anyone’s guess if and when ...

Real estate continues to heat up in Summit County

Breckenridge/Silverthorne/Frisco News | Real estate continues to heat up in Summit CountySUMMIT COUNTY—Gorillas in the living room aside, there are plenty of statistics – nationally and close to home in Summit County– that say the economy, underscored by movement in the housing industry, is swinging back toward ...

Breckenridge: Development showdown at Peak 8

Breckenridge/Silverthorne/Frisco News | Breckenridge: Development showdown at Peak 8BRECKENRIDGE—A group of property owners near the Breckenridge Ski Area Peak 8 base area are girding for a showdown with the town over the proposed development of a new timeshare lodge on the site of the old Bergenhof. They will express their concerns at the town's Dec. 4 planning commission ...

Don't call my secretary, just text me

Breckenridge/Silverthorne/Frisco News | Don't call my secretary, just text meSUMMIT COUNTY—Cubicles are about as prevalent in the Colorado high country as neckties and power lunches, but the national recession’s urgent prompting of business downsizing is still impacting commercial real estate in mountain ...

August sees 2012 high mark in Summit RE transaction numbers

Breckenridge/Silverthorne/Frisco News | August sees 2012 high mark in Summit RE transaction numbers SUMMIT COUNTY—Echoing the mood of much of Colorado’s Front Range and a growing number of areas in the mountains, the number of real estate sales continues to gain momentum in Summit County. Prices here, though, lag behind 2011 ...

A roof over a ski bum’s head?

Breckenridge/Silverthorne/Frisco News | A roof over a ski bum’s head?VAIL—Seasonal rentals could be harder to find this ski season, according to property managers who say Eagle County’s apartment vacancies dropped in the past year. “I think people will be surprised how tight the rental market ...

Broker network serves a niche mountain market

Breckenridge/Silverthorne/Frisco News | Broker network serves a niche mountain marketCOLORADO—A network of brokers has grown to serve the needs of developers, national tenants and banks that formerly had difficulty finding experts to handle transactions in the different and sometimes complicated realm of commercial real ...

Summit County RE sales hit sweet spot in July

SUMMIT COUNTY—It’s too soon to say if it’s a longer running trend or a summer bubble, but Summit County’s housing market took a quantum leap in July, posting a 77 percent gain in gross volume over July 2011, a 2 percent uptick in gross volume year to date, and its best numbers since 2008. But on the other side of the coin, 57 percent of sales ...

Decline in real estate pricing slows in Summit

BRECKENRIDGE—Real estate sales data compiled by the county assessor’s office shows a stabilization in local property values, Summit County Assessor Beverly Breakstone said. Valuations for the 24-month period ending June 30 show a 5-percent decline in all real estate sectors. Residential sales prices also declined by 5 percent during the period. Figures ...

June RE snapshot: Transactions steady, sales volume not so much

SUMMIT COUNTY—On the bright side, Summit County real estate transaction numbers were “steady and stable” for June, according to Land Title Guarantee Co. Working with data from the Summit County Clerk and recorder’s Office, which isn’t directly related to MLS statistics, Land Title reported 109 transactions for the month. However, ...

Builder confidence rises six points in July

Builder confidence in the market for newly built, single-family homes rose six points to 35 on the National Association of Home Builders/Wells Fargo Housing Market Index (HMI) for July, released today. This is the largest one-month gain recorded by the index in nearly a decade, and brings the HMI to its highest point since March of 2007. “Builder confidence ...

A trend? Too soon to say, but early July sees movement in Summit RE market

SUMMIT COUNTY—From the buyer’s viewpoint, real estate prices in Summit County aren’t going up. Yet. From the seller’s perspective, sales are happening. In the first week of July, Summit County saw 13 closings, 35 properties go under contract and 55 new listings come on board for a total of 1972 properties on the market. And if you’re ...
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