Summit County Colorado Real Estate Information

Summit County Inventory Numbers Rise in 2008. Now is the time to Buy!

Landmark Real Estate Group, LLC — Thu, 31 Jul 2008 16:52:11 -0500

Why is now a good time to buy in Summit County Colorado?

Summer is high real estate season in Summit County. More than 70% of sales occur between June and October. This summer, compared to last summer, the amount of properties for sale in all Summit County communities is double to almost triple than it was a year ago on August 1, 2007.

This means that Buyers have more choices, along with better negotiating power, because Sellers want to SELL - not sit and wait for next summer!

A good indicator of the state of the market is the amount of available properties, or "inventory." The more inventory, the softer the market and better conditions for Buyers. The less inventory, the stronger the market and better conditions for Sellers.

With higher inventory, competition among inventory becomes fierce. Prices may begin to fall, although we haven't seen properties losing appreciation yet. If you have been thinking about buying a mountain home, now is a great time. If you are thinking of Selling, be sure your property is priced competitively to market rates and that your property is in great condition.

Breckenridge:

Inventory August 2007: 388

Inventory August 2008: 838

An increase of 116%.

Out of the 838 properties for sale, 270 have been price reduced.

Copper Mountain

Inventory August 2007: 29

Inventory August 2008: 82

An increase of 183%

Out of the 82 properties for sale, 22 have been price reduced.

Dillon/Summit Cove

Inventory August 2007: 76

Inventory August 2008: 169

An increase of 122%

Out of the 169 properties for sale, 68 have been price reduced.

Frisco

Inventory August 2007 79

Inventory August 2008 167

An increase of 96%

Out of the 167 properties for sale, 68 have been price reduced.

Keystone

Inventory August 2007 79

Inventory August 2008 180

An increase of 128%

Out of the 180 properties for sale, 55 have been price reduced.

Wildernest/Silverthorne

Inventory August 2007 133

Inventory August 2008 285

An increase of 114%

Out of the 285 properties for sale, 84 have been price reduced.

Sailboat on Lake Dillon with Keystone Resort in the Background.

Despite National Trends, Summit County Colorado Continues to See Appreciation in Real Estate Values

Landmark Real Estate Group, LLC — Tue, 29 Jul 2008 12:40:41 -0500

I would like to take this opportunity to alert the media that not all areas in the United States of America are experiencing a "severe real estate crisis", a "landslide of real estate values, or "a foreclosure epidemic." I just read the newly released Standard and Poor's/Case Schiller 20 city index, a home value index, dropped 15.8% in May compared to a year ago in May, which constitutes a record decline since the indexes' inception in 2000. The 10 city index dropped 16.9%, the biggest decline in 21 year history.

But let me tell you about my community. I am a real estate broker in Summit County, Colorado, located in the Rocky Mountains, just west of the Continental Divide. Single family home prices from all of 2007 to the first six months of 2008 INCREASED from an average of $798,889 to $830,462, a gain of almost 4%. Multi-family properties increased from 2007 to 2008 by 7.8%, from an average price of $406,529 to $440,948. Vacant land saw the largest increase from an average in 2007 of $391,587, to $517,252 in the first six months of 2008, an increase of 24.2%.

To Recap, from 2007 to the first six months of 2008

Single Family Home Values + 4%

Multi Family Home Values + 7.8%

Vacant Land Values + 24.2%

So, to the Associated Press, Standard and Poor's and whoever else is willing to listen - we are doing just fine in Summit County. Why don't you come out and visit and see why.

Fractional Ownership -- Owning a Piece of the Perfect Mountain Home

Landmark Real Estate Group, LLC — Fri, 25 Jul 2008 17:54:22 -0500

What is Fractional Ownership?

The official definition of fractional ownership is a 1/15^th share to a ¼ share of a property. Title is conveyed by a deed, the closing occurs at a title company, and the deed is recorded. Colorado boasts the largest concentration of fractional ownership, which isn't surprising. Resort properties have increased in value dramatically over the years and many people can no longer afford a full ownership mountain property.

According to Ragatz Associates, a market research firm specializing in fractional ownership, in 2007 fractional sales in developed properties equaled $2.3 billion.

Obviously fractional ownership is not a product that would work in a suburban housing subdivision, because people actually live there full time. But in Summit County Colorado, where I sell real estate, at least 50% of the properties here are vacant 75% of the time, presenting a perfect scenario to better utilize these vacation properties.

Why May Fractional Ownership Work for You?

1) Price.

The first reason people are drawn to fractional ownership is price. Buying ¼ of a property is financially feasible for some people who may not be able to afford full ownership.

2) Size

You may be able to afford a studio in Summit County but don't really feel like sharing the same room with all three of your children. For the price of a studio, you can own a fraction of a three bedroom residence.

3) Location

As we know in real estate, location, location, location is the key to buying right. Unfortunately, ski-in, ski-out properties sell for upwards of $1,000 a square foot here in Summit County. Fractional ownership units often times can be found in great locations such as at the base of a ski lift or on the river with fishing rights.

4) Taste in Finishes

Fractional ownership properties, as a general rule, are newer construction and outfitted with modern finishes and amenities.

5) Convenience

In addition to looking good, fractional ownership properties are furnished down to the silverware and washcloths. There is no need to go to Target or Wal-Mart and purchase kitchen utensils and towels. Also, there is usually a cleaning company that puts the place back together after you leave and the next owner arrives, so it makes your vacation stay even more convenient.

6) Investment

Fractional ownership appreciates like full ownership of real estate. Plus, if you are not using all your time, you can put your fraction into a rental pool and gain some income from your investment.

7) Efficient Use of Time

Aren't we all busy?? Most people use vacation property from 3-6 weeks per year. That leaves 48 weeks unused and wasted. Fractional ownership cuts down the amount of waste and allows people to rent the property when they are not using it.

8) Standards

Similar to Number 4, people want what they want. Fractional ownership allows for people to have their standards met in a real estate purchase and still stay within their budget.

Summit County has a large variety of fractional ownership opportunities available ranging from condos to single family homes. If you love the mountains and want to make the dream of mountain home ownership a reality, you owe it to yourself to give me a call!

Authored by Amy Nakos, JD, CLHMS, Owner/Managing Broker, Landmark Real Estate Group, LLC, 111 Main Street, Frisco, CO 80443, 970-668-1430 office, 970-389-8388 cell, anakos@landmarkregroup.com

Frisco Marina, Summer 2008

Summit County Market Trends -- January to June Comparision Over 4 years.

Landmark Real Estate Group, LLC — Fri, 25 Jul 2008 17:36:00 -0500

In this edition of Amy's number crunching, I will break down residential real estate trends by community. The data below reflects sales from January through June for years 2005 through 2008. While sales activity has slowed in the first half of 2007 to 2008, most Summit County's properties continue to see increased appreciation from year to year.

BRECKENRIDGE

Average sales prices in January to June increased each year from 2005 to 2008. 2005 to 2006 saw an increase in average sales price of 16.5%, 2006 to 2007 an increase of 16% and 2007 to 2008 an increase of 9.5%. The number of sold transactions are down from 2007 to 2008 by 34% and total sales volume is down by 28%.

COPPER MOUNTAIN

Copper Mountain's average sale price from January to June jumped from 2006 to 2007 by 22%! The previous year the average price increased 14.9%. 2007 to 2008 saw a much more modest increase in average sold price of .5%. Both number of transactions and total sales volume are down 50% from January through June, 2007 to 2008.

DILLON/SUMMIT COVE

The Dillon area, including Summit Cove, saw steady appreciation in average sales price from January to June, 2005 to 2006 at 10% and the following year at 11%. 2007 to 2008 saw a more modest increase of average sales price at 2%. Both number of transactions and total sales volume are down 50% from January through June, 2007 to 2008.

FRISCO

Frisco saw large jumps in appreciation in average sales price from 2005 to 2007. From January through June, 2005 to 2006 the average sales price increased by 17.2%, and 16.2% from 2006 to 2007. The first half of this year saw a decrease of average sales price by 10.5%. From my experience and observations, the decrease in average sales price is not indicating depreciation in Frisco, but rather showing that more of the lower priced properties are selling and those in the higher priced brackets are not selling as quickly. Number of transactions is down from 2007 to 2008 by 37% and total sales volume is down by 43.6%.

KEYSTONE

Keystone properties saw an increase in average sales price from January through June 2006 to 2007 of 28.8%! Heather Wood, the Keystone expert in my office, attributes this increase to low inventory levels at Keystone during 2007. 2007 to 2008 saw an increase of 9%. Keystone residential properties experienced a decrease of 37% in number of transactions and a decrease of 30% in total sales volume.

SILVERTHORNE/WILDERNEST

Silverthorne and Wildernest have great appreciation in average sales price. The first half of 2006 from the first half of 2005 saw an increase of 16.2% in average sales price. The following year saw an increase of 21.6% and 2007 to 2008 saw an increase of 14.6%. Number of transactions from the first half of 2007 to 2008 are down only 19% and total sales volume is down 50%, again indicating that lower price properties continue to sell.

At Landmark Real Estate Group, LLC, we maintain this data in Excel spreadsheets. Please let us know if you would like a copy of the full set of data and it would be our pleasure to email it to you.

Authored by Amy Nakos, JD, CLHMS, Owner/Managing Broker, Landmark Real Estate Group, LLC, 111 Main Street, Frisco, CO 80443, 970-668-1430 office, 970-389-8388 cell, anakos@landmarkregroup.com.

Speedboat on Lake Dillon, Summer 2008

The Evolution of Frisco Colorado

Landmark Real Estate Group, LLC — Wed, 23 Jul 2008 15:48:28 -0500

I have lived in Summit County for five years. During this relatively short time, I have seen numerous changes to my hometown Frisco. As a real estate broker, I know that I should take the advice from Charles Darwin: "It is not the strongest of the species that survives, nor the most intelligent, but the one most responsive to change." Here is my update on new Frisco multi-unit projects which will continue to change the landscape of the town.

A new commercial and residential condominium development called Latitude 39 will be built at the northwest corner of 4^th and Granite Streets. There will be seven residential condos, two with elevators. A one bedroom is listed at $645,050 and a three bedroom is listed at $1,320,000.

Forty-three total units are slated for development at the old Frisco Crossroads location at the corner of Highway 9 and Granite Streets. The name will be Water Tower Place and it will built to LEED green standards. The first phase will include eleven market townhomes. The second phase will be condominiums/flats including penthouses and elevators.

Two new construction duplex projects are also in the works. Located at 2 Miners Creek Road, the Miners Creek Duplexes, four units total, are 3 bedroom 3.5 baths and almost 2,900 square feet. All are priced at $1,298,250. Another duplex project located at 414 and 416 Teller Street and 311 and 313 Fifth Avenue is called The Reserve at Teller. All four units are 3 bedroom, 3.5 bath, and range in size from around 2,172 to 2,562 square feet. Pricing ranges from $944,820 to $1,101,660.

A new triplex located at the Northeast corner of Seventh and Belford streets is also in the works. These units are all over 2,900 square feet and have 3 bedrooms, 3 full baths, and 2 powder baths. The official addresses of these units are 514 and 516 7^th Avenue and 707 Belford.

The Mason Glen Towne Homes, located on Third Avenue and the Teller Alley are almost complete but not yet listed as of thee time this article was due. These are four townhome units, with both three and four bedrooms.

That puts my count up to 65 new units coming into Frisco in the next couple years. I also recognize that I am probably missing some new developments!! Hopefully this information will help you to evolve your real estate business and be on the cutting edge of new Frisco projects.

*Information regarding the featured properties were obtained from Summit MLS and from the respective listing brokers.

Authored by Amy Nakos, JD, CLHMS, Owner/Managing Broker, Landmark Real Estate Group, LLC, 111 Main Street, Frisco, CO 80443, 970-668-1430 office, 970-389-8388 cell, anakos@landmarkregroup.com.

Pre-Listing Inspections - Will they reduce inspection drama?

Landmark Real Estate Group, LLC — Sat, 21 Jun 2008 16:01:30 -0500

Yesterday, a broker in my office starts singing a song he made up: "My least favorite part of this job is dealing with inspections." It was a catchy tune, and he sang it with emotion. After all, he just received an inspection report with no less than 30 items that needed to be addressed. He had just completed the Inspection Notice, asking that every item be repaired or replaced for his Buyer client. On a deal that he closed a couple months ago, his Seller client had to pay over $10,000 in credits for inspection items that were revealed for the first time when the Buyer's inspector found them.

Can inspection drama be avoided? Well, maybe not avoided, but I'm convinced it can be reduced. A number of home inspectors I know suggest conducting a pre-listing home inspection. The Seller hires the inspector and then gets a report of items needing attention - the same report a Buyer would get if he/she hired the inspector. The Seller can then repair the items on the report before a Buyer even comes along.

What if you are the Buyer looking at a home and you know a pre-listing inspection was done and all the items were repaired. What would you think? "I want to see that report," is the first thought. The second might be, "this Seller really cared about having this property ready for sale." A more cynical thought might be, "I wonder if the Seller knew the home inspector and certain items were not included in the report." "I better get my own inspection."

The Buyer is certainly entitled to an inspection of his/her own, and as a listing agent, I would encourage they get their own inspection. It is up to the Seller whether to show the Buyer the pre-listing inspection report. I would suggest to my Seller clients that being open and honest is a good policy and share the report. I will venture to say that the Buyer's inspection report will have far less items than the Seller's original inspection report.

The challenge in getting a pre-listing inspection report will be convincing your Seller to pay for it. I have had a number of clients who refuse to pay $200-$500 to know the items that are wrong with their home. One of my clients even told me that he didn't want to know if there was something dramatically wrong with his property because then he would have to disclose it! I said, "Wouldn't you rather know now than when you have a pending contract and the Buyer's inspector finds it??!!"

It is my policy that my firm and I will not hire home inspectors. It is the responsibility of the Buyer or the Seller to engage the inspector. After the inspection, the report belongs to them. If you can't get your Seller to agree to a pre-listing inspection, you are going to have to wait until the Buyer's inspector comes along.

I believe the more information the better when it comes to real estate transactions. Sellers should find out as soon as possible whether their properties need any repairs. If they do, please fix them! It will make your client's property much more attractive to potential Buyers. When the perfect Buyer comes along, you can rest assured that on the day the inspection objections are due, you and your client will be drama-free.

Authored by Amy Nakos, JD, CLHMS, Owner/Managing Broker, Landmark Real Estate Group, LLC, 111 Main Street, Frisco, CO 80443, 970-668-1430 office, 970-389-8388 cell, anakos@landmarkregroup.com.

Hungry from Showing Properties? Try These Homemade High-Altitude Power Bars

Landmark Real Estate Group, LLC — Sat, 21 Jun 2008 15:17:25 -0500

I found this recipe in Backcountry Magazine and then tweaked it for high-altitude baking and added some extra ingredients. These healthy power bars are great for biking, hiking and skiing or for whatever it is you do! When people try these bars, they want the recipe. So I'm sharing it with the activerain community! Also, if you have kids or grandkids, you can call them "cookies" and they will love them! If you make these -- email me and let me know how you like them! Enjoy.

INGREDIENTS

10 T butter, melted

1/4 c Splenda, fructose or brown sugar

3/4 c white grape juice concentrate

2 large eggs

1/4 c peanut butter

1 tsp vanilla extract

2 1/2 c old fashioned rolled oats

1 c plus 2 T whole wheat flour

1/2 tsp baking soda

1 tsp ground cinnamon

2 T wheat germ, oat bran or ground flaxseed

1 c chopped walnuts or almonds

1 c raisins, or dried fruit

1/2 c chocolate chips

1/4 c coconut flakes

INSTRUCTIONS

1. Preheat oven to 375 degrees.

2. Place butter, Splenda (or brown sugar), grape juice concentrate, eggs, peanut butter, and vanilla in a mixing bowl and beat until well mixed.

3. Place oats, whole wheat flour, baking soda, cinnamon, and wheat germ in another bowl and mix. Add the oat mixture to the butter mixture and stir until thoroughly combined.

4. Fold in the nuts, dried fruit, chocolate chips and coconut until combined.

5. Spray a baking sheet with non stick spray. Shape heaping tablespoons of the batter into two by four inch bars with an inch or two of space in between. Bake the bars until the bottoms are brown and the tops are golden brown - about 13-15 minutes.

6. Let the bars cool before taking them off the baking sheet.

After cooling, we wrap the bars in plastic wrap and put them in the freezer. When it's time for a bike ride, hike or other outing, we grab a few to go!

Authored by Amy Nakos, JD, CLHMS, Owner/Managing Broker, Landmark Real Estate Group, LLC, 111 Main Street, Frisco, CO 80443, 970-668-1430 office, 970-389-8388 cell, anakos@landmarkregroup.com.

Summit County Colorado Market Report -- More number crunching.

Landmark Real Estate Group, LLC — Fri, 20 Jun 2008 14:06:49 -0500

At Landmark Real Estate Group, we watch the market closely. As national news of a real estate crisis looms, Summit County real estate continues to appreciate in value.

Signs that the national economy are affecting our market are decreased number of transactions, decreased gross dollar volume, and higher levels of inventory.

Using data from the Summit County MLS, I compared number of transactions and average sales prices from January 1 to June 15 in years 2007 and 2008.

SINGLE FAMILY HOME STATISTICS

Throughout Summit County, Single Family Home sales totaled 141 in 2008 so far compared to 217 from the same period last year. A decrease of 35% in number of single family transactions. The average price for a single family home in 2007 was $915,433 and in 2008 was $945,150, an increase of 3.2%.

TOWNHOME AND DUPLEX STATISTICS

Duplexes and townhomes sold in the first five and half months of 2008 totaled 109 compared to 181 sold in 2007 for the same time period. This is a decrease of 40% in number of transactions. The average sales price for townhomes and duplexes in 2008 was $643,357 compared to $562,225 in 2007 -- an increase of 12.6%.

CONDOMINIUM STATISTICS

Condominium sales in 2008 are 281 transactions compared to 446 last year. This is a decrease of 37%. Average price for a condo in 2008 is $398,417, compared to 2007's average price of $354,083. The average value of condos in Summit County increased 11%.

VACANT LAND

Vacant land values saw a dramatic increase in appreciation of 35.2% from average sales price in 2007 of $356,259 to an average sales price of $550,586 in 2008. As the saying goes, "they aren't making any more land." Total number of sales in 2008 were 68, compared to 161 in 2007, a large decrease of 57.7%.

INVENTORY

As of June 15, 2008, Summit County has 1,665 residential and vacant land listings. Last year as of July 1, 2007, Summit County had a total of 1,260 listings. Inventory has increased by 24.3%. However, historical inventory numbers in 2000 to 2004 were in the 3,000 range, every year. From a historical perspective, 1,665 listings is still a low number of properties for sale.

While our market is slowing down, our real estate values have not decreased, but in fact, continue to increase.

If you have any questions or would like more specific information about your neighborhood, please contact Amy Nakos, JD, CLHMS at 970-389-8388 or anakos@landmarkregroup.com.

Authored by Amy Nakos, JD, CLHMS, Owner/Managing Broker, Landmark Real Estate Group, LLC, 111 Main Street, Frisco, CO 80443, 970-668-1430 office, 970-389-8388 cell, anakos@landmarkregroup.com.

Amy Nakos of Landmark Real Estate Group Earns Membership in Prestigious Million Dollar Guild

Landmark Real Estate Group, LLC — Wed, 18 Jun 2008 17:36:49 -0500

NEWS RELEASE

FOR IMMEDIATE RELEASE

Local Real Estate Professional Recognized for Million-Dollar Successes

Amy Nakos of Landmark Real Estate Group Earns Membership in Prestigious Million Dollar Guild

(Frisco, CO, June 18, 2008) Amy Nakos, Owner and Managing Broker of Landmark Real Estate Group, LLC, has been recognized by the prestigious Institute for Luxury Home Marketing for her performance in the million-dollar and above luxury home market within Summit County.

"Real Estate professionals who have earned admittance to The Institute's Million Dollar Guild not only have specific upper-tier market knowledge, but they also understand the unique needs of affluent buyers and sellers and recognize the importance of being discreet," said Institute President Laurie Moore-Moore. "Whether you're buying or selling a multi-million dollar property, you can depend upon The Institute's Million Dollar Guild members to have the competencies necessary to help you meet your objectives."

Members of the Million Dollar Guild are Certified Luxury Home Marketing Specialists (CLHMS) who have documented their success in assisting affluent buyers and sellers with million-dollar properties. The recognition is awarded by the Institute for Luxury Home Marketing which trains real estate agents in the luxury home market and awards international designations to those who meet stringent performance standards.

Nakos has been in the local real estate market since 2004 and specializes in new construction, luxury properties, and ski-in/ski-out resort properties. Nakos is on the Board of Directors of the Summit Association of Realtors for the Frisco Area and also serves on the MLS/Technology Committee. Nakos is a licensed attorney in the state of Colorado and has 11 years legal experience. Landmark Real Estate Group, LLC is located at 111 Main Street in Frisco.

About The Institute for Luxury Home Marketing

The Institute for Luxury Home Marketing exists to help real estate professionals around the world provide high quality service to buyers and sellers of luxury properties. Institute members have completed special training to build expertise in the marketing of upscale homes and estates and those who meet performance standards may earn the prestigious Certified Luxury Home Marketing Specialist designation. Information and an international membership list can be found at www.CLHMS.org. Members are also listed on the Wall Street Journal's RealEstateJournal.com website.

Exemption from Real Estate Transfer Tax in Frisco Colorado

Landmark Real Estate Group, LLC — Wed, 18 Jun 2008 13:02:30 -0500

A Little Help for Our Locals

Did you know that the Town of Frisco has exemptions from the 1% real estate transfer fee for locals? While the qualifications are somewhat stringent, if you are working with a local client who meets the criteria, this can be a helpful savings at closing.

In order to qualify for the exemption, the candidate(s) must meet the following criteria:

•1. A Frisco resident or worked in Frisco for the past 12 months.

•2. Must work a minimum of 30 hours a week.

•3. Assets cannot exceed $10,000 (does not include clothing, furnishings, autos, or retirement accounts).

•4. Cannot hold title to any other residential property, nor can anyone else in the household.

•5. Purchaser's household cannot earn more than 120% of the median income in Summit County.

•6. Homebuyer must apply for the exemption and supply all documentation for the purpose of qualification at least 15 business days prior to closing.

To get an idea of Median income amounts, a two person household earning $95,560 would qualify for 120% of Median. A two person household earning $90,900 would qualify for 100% of Median. A two person household earning $70,400 would qualify for 80% of Median. Depending on the applicant's income, an amount of the purchase price will not be subject to the 1% real estate transfer tax. The exemption amounts are as follows:

Household Income Relative to Summit County Median	Exemption Amount
Less than 80% of Median	$200,000 of purchase price
80-100% of Median	$175,000 of purchase price
100-120% of Median	$100,000 of purchase price
Greater than 120% of Median	None

So a couple with a household income of $85,000 (in the 100-120% of Median), purchasing a $300,000 home would only pay the transfer tax on $200,000. Therefore, they would pay $2,000, rather than $3,000, saving $1,000.

Keep this in the back of your head (I'm sure already filled with important information), for the next time you are working with a local buyer buying in Frisco.

Authored by Amy Nakos, JD, CLHMS, Owner/Managing Broker, Landmark Real Estate Group, LLC, 111 Main Street, Frisco, CO 80443, 970-668-1430 office, 970-389-8388 cell, anakos@landmarkregroup.com.

Frisco Colorado Market Conditions. A Comparison from 2005 to 2008

Landmark Real Estate Group, LLC — Sat, 14 Jun 2008 14:22:23 -0500

Every time I open my home page (Yahoo), I can usually find an article that highlights the doom and gloom of the real estate market. Just today I read an article that some markets across the nation, like Phoenix, Las Vegas and Sacramento, can expect real estate prices to fall to 50% of their highest value. While I know that Summit County, and in particular Frisco, have not seen these numbers, I do recognize that we are experiencing a slow down. So, I crunched some numbers . . .

I compared sales from January through May for the last four years. Given the fact that the real estate market in many areas across the nation experienced dramatic decreases recently, I wanted to see if Frisco saw the same decrease. While Frisco has seen some decrease in the sales volume and number of transactions, the good news is that Frisco's market is holding up.

From January through May 2005, 73 residential transactions in Frisco totaled $28.9 million in sales. In 2006, the first five months of the year resulted in $35 million in sales and 73 transactions. In the first five months of 2007, $38.4 million in residential sales occurred with a total of 68 transactions. Finally, in 2008, $24.6 million in real estate sold with a total of 47 transactions.

Dollar volume in the first five months of 2008 is very comparable to the first five months of 2005. The number of transactions has decreased 30% from 2007 to 2008, from 68 to 47, the dollar amount decreased 36%. Frisco currently has 96 active residential listings and 9 pending. On June 1, 2007, Frisco had 108 active residential listings and 19 pending listings. The good news is that our inventory is low and properties are still selling. If you are a Seller, be sure to talk to a Realtor you trust. Pricing correctly will be the key to selling your property this summer. If you are Buyer, there are no steals here, but Summit County has plenty of types of properties - one will be sure to fit your needs perfectly.

2007 Market Report: Frisco Area

Landmark Real Estate Group, LLC — Tue, 25 Mar 2008 16:13:19 -0500

The above subdivisions include some beautiful luxury residences in Frisco. If you are looking for more information or want to know about market conditions in Frisco or anywhere in Summit County, please contact me! I work hard to stay up to date on current market conditions and trends so I can provide you with the most accurate information. If you find yourself in Frisco, please stop by our offices at 111 Main Street, across the street from Historic Park.

2007 Market Report: Old Frisco Subdivision-3 Bedroom Sales

Landmark Real Estate Group, LLC — Fri, 21 Mar 2008 11:36:14 -0500

Frisco Colorado real estate prices have appreciated dramatically in 2006 and 2007 with some types of properties almost doubling in value. In the last 2 years I have seen land prices more than double. Buyer demand for this quaint resort location has also increased in recent years as second home buyers look for a four season location with the typical Rocky Mountain activities like biking, hiking and skiing, coupled with a vibrant town.

2007 Market Report: "The Big Five" at Copper Mountain 2 & 3 Bedroom Sales

Landmark Real Estate Group, LLC — Wed, 19 Mar 2008 10:59:00 -0500

Copper Mountain is one of Summit County's premier ski resorts. It is my favorite resort to ski because the choice of terrain is incredibly varied and the mountain is easy to navigate. You can send the beginners to Union Creek where the green runs have little slope and head on over to Resolution Bowl for double black diamond steeps and bumps. Owning at Copper allows you to wake up and walk to the slopes. No parking required! When you are not using your unit, you can rent it through a number of different property management companies.

2007 Market Report: Frisco, CO North and South Side Main Street Properties

Landmark Real Estate Group, LLC — Tue, 18 Mar 2008 11:48:34 -0500

Frisco, Colorado Main Street. It is a charming, quaint, and busy little enclave in the Rocky Mountains. Frisco Main Street has experienced new development in the last 5 years with new shops, restaurants and services complimenting the old tried and true businesses. Frisco has become popular in Summit County because it centrally located, close to I-70, with easy access to four world class ski resorts. Do you have questions about Frisco? I am a resident and involved community member of Frisco and would love to answer your questions about the community and our real estate.

"The Big Five" at Copper Mountain- One Bedroom Sales

Landmark Real Estate Group, LLC — Sat, 15 Mar 2008 14:24:38 -0500

One bedroom properties in the Big Five at Copper Mountain increased in value approximately 15% when analyzing price per square foot sales price and 25% when analyzing average sales price from 2006 to 2007. Copper Mountain is one of Summit County's premier ski resorts. I lived at Copper Mountain for almost three years and found the skiing/riding to be the best in Summit County (in my opinion.) Copper Mountain is also a great place for kids to learn how to ski and ride. Summer is a great time to buy your Copper Mountain property.

Summit County FHA and Conforming Loan Limits raised to $729,750

Landmark Real Estate Group, LLC — Fri, 14 Mar 2008 14:02:51 -0500

Summit County FHA and Conforming Loan Limits Raised to $729,750

On March 7, 2008 the U.S. Department of Housing and Urban Development raised FHA insured and Conforming loan limits in Summit County to $729,750, from $417,000. This, in theory, means that loans in Summit County, up to $729,750, qualify for conforming interest rates as opposed to "jumbo" mortgage rates.

While the limit amounts are determined, the guidelines to qualify for these loans have not yet been released. The guidelines will determine who, where and perhaps even what types of properties will qualify for these new loan limits. We anticipate the guidelines to be released in the next week or two.

Assuming the guidelines are broad and can apply to all properties in all of Summit County, what does this mean for Summit County real estate owners and potential buyers?

First, buyers purchasing property in Summit County may be able to obtain a loan for up to $729,750, which is $312,000 higher than previously, without having to pay higher jumbo loan rates. With 20% down, a buyer can purchase a property just over $912,000 and be able to secure a Conforming mortgage. We anticipate that this will increase the amount of ready and willing buyers in Summit County.

Second, property owners who currently have a jumbo loan may be able to refinance with a conforming loan, cutting interest rate points and saving on their monthly mortgage payments.

Third, anyone thinking of upgrading to a more expensive property than they currently own may have an opportunity to lock in a lower conforming interest rate than they previously could have.

What's the catch? 1) We don't yet know the guideline requirements so some people and some properties may not qualify; 2) This loan limit is only good until December 31, 2008. Look for future updates from Landmark Real Estate Group, LLC when we receive more information on the loan guidelines. If you are looking to take advantage of the higher conforming loan limits in Summit County, please call Landmark Real Estate Group today for a free personalized real estate consultation.

For a table of conforming loan limits across the nation, go to https://entp.hud.gov/idapp/html/hicostlook.cfm.

Your Dream House Delivered!!

Landmark Real Estate Group, LLC — Wed, 20 Feb 2008 16:59:51 -0600

[569 gold run road]

Breckenridge, CO 80424

Your dream house delivered! The graceful wooden arched beams adorning the great room set the theme for this remarkable home. A huge main level master suite features his and her walk-in closet and spa-like master bath. The gourmet kitchen is a chef's delight. The eye-catching exterior will "wow" everyone driving on Gold Run Road. Completion is scheduled for the Summer/Fall 2008.

property highlights:

3 levels

5 bedroom

4 full baths with 2 half baths

3 fireplaces

2 laundry rooms

private location

new construction (completion scheduled for Summer/Fall '08)

gourmet kitchen

main floor master suite

MLS# S360033

$2,499,000

Amy Nakos, JD, CLHMS anakos@landmarkregroup.com

(970)-389-8388-cell

(970)-668-1430-office

866-210-0465-fax

111 Main Street PO Box 630

Frisco, CO 80443

landmarkregroup.com

Heather Wood of Landmark Real Estate Group, shares another listing with us!!!

Landmark Real Estate Group, LLC — Mon, 18 Feb 2008 10:16:09 -0600

723 Eveningstar, Silverthorne, Colorado

Find yourself at home in this fabulous custom home in Willow Creek Highlands. This new home has just been completed. Find spectacular mountain views from throughout this well situated home. The home is positioned perfectly to maximize privacy, sun exposure and views. Fine finishes are found throughout this well planned home; including beautiful slab granite, wood and stone floors, vaulted ceilings, custom cabinets and solid wood doors.

The spacious floor plan offers two master suites, a study, gourmet kitchen, great room, family/entertainment room, wine room, two additional bedrooms and a three car garage. An elevator shaft is built into the home, currently as spacious closets, to easily add an elevator if desired.

property highlights

4 bedroom home

4 and 2 half baths

second living area

2 master suites

2 fireplaces

3 car garage

spectacular views

granite counters

wood & stone floors

new construction

fine finishes

private location

trex decks

gourmet kitchen

MLS#S359238

$1,250,000

Heather Wood, CLHMS

(970)-485-0826

(970)-668-1430

hwood@landmarkregroup.com

111 Main Street

PO Box 630

Frisco, CO 80443

Schedule a Showing this President's Day Weekend!

Landmark Real Estate Group, LLC — Sat, 16 Feb 2008 10:59:16 -0600

[565 two cabins, silverthorne, colorado]

This thoughtfully designed home offers spacious and open living complimented by fine finishes throughout. Finishes include slab granite counters, stone and wood floors, in floor radiant heat, custom cabinetry and solid wood doors. Exterior finishes include cedar siding finished with dry stacked moss rock. One level living is possible with a main floor master. The master suite includes a fire place, luxurious master bath and spacious walk in closet. Upstairs are two additional bedrooms as well as a spacious lofted living area with room for a study plus an entertainment area. Located on a quiet cul-de-sac street this home is the perfect mountain get away. Located in Three Peaks this home is close to spectacular hiking, biking, fishing, downhill and Nordic skiing and golfing!

property highlights

3 bedroom home

3.5 elegant baths

second living area

main floor master

2 fireplaces

2 car garage

spectacular views

granite counters

wood & stone floors

new construction

fine finishes

private location

trex decks

gourmet kitchen

MLS#S359237

$1,150,000

Heather Wood, CLHMS

(970)-485-0826-cell

(970)-668-1430-office

111 Main Street

PO Box 630

Frisco, CO 80443

hwood@landmarkregroup.com

Heather Wood of Landmark Real Estate Group, shares her listing with us!!!

Landmark Real Estate Group, LLC — Thu, 14 Feb 2008 17:22:53 -0600

[555 two cabins, silverthorne, colorado]

Move to the country club in the Mountains, luxurious living and amenities offered at Three Peaks in this just completed custom home in a quiet private cul-de-sac setting. Thoughtfully designed, with a spacious living and kitchen area, main floor master and second living area/study upstairs. The gracious great room features a moss rock fire place, vaulted ceilings and an open flow. Fine finishes are found throughout this home including slab granite counters, stone and wood floors, in floor radiant heat, custom cabinetry and solid wood doors. This home is perfectly situated to maximize the spectacular views. Enjoy all day sunshine and views from the Williams Fork Range to Keystone Mountain.

Property Highlights

3 bedroom home

3.5 elegant baths

second living area

main floor master

2 fireplaces

2 car garage

spectacular views

granite counters

wood & stone floors

new construction

fine finishes

private location

trex decks

gourmet kitchen

MLS# S359236

$1,175,000

Heather Wood, CLHMS

(970)-485-0826-cell

(970)-668-1430-office

111 Main Street

PO Box 630

Frisco, CO 80443

hwood@landmarkregroup.com

" What Can I Get For My Money?" Continued

Landmark Real Estate Group, LLC — Wed, 13 Feb 2008 09:51:34 -0600

Recently we posted a document entitled "What Can I Get For my Money?" in response to the question "How much does it cost to live in Summit County?". Here is the second half to this document, including the towns of Frisco, Keystone, and Silverthorne.

What can I get for my Money?

Frisco

2 Bedroom Condo

712 Sq. Ft.

160 Creekside Dr. Bldg B #10 B

$299,000

2 Bedroom Condo

1,388 Sq. Ft.

539 Granite St. Bldg B Unit #11

$475,000

3 Bedroom Town Home

2562 Sq. Ft.

495 Waterdance Unit #496 B

$639,500

4 Bedroom Town Home

2,884 Sq. Ft.

597 South 5^th Avenue Unit A

$999,000

Keystone

1 Bedroom Condo

470 Sq. Ft

23110 Hwy 6 Unit #5063

$194,000

2 Bedroom Condo

1,211 Sq. Ft.

22320 Highway 6 Unit #1766

Montezuma Condos

$369,000

3 Bedroom Town Home

1,745 Sq. Ft.

502 North Star Bldg #502 Unit #1946

$629,000

4 Bedroom Single Family Home

3,400 Sq. Ft.

233 Penstemen Dr.

$1,150,000

Silverthorne

Studio

370 Sq. Ft.

89410 Ryan Gulch Bldg DD Unit #303E

Buffalo Ridge Condo

$185,000

2 Bedroom Condo

903 Sq. Ft.

95111 Ryan Gulch Rd.

Bldg A Unit# 122

$358,000

3 Bedroom Town Home

1,701 Sq. Ft.

114 Robin Rd. Ponds at Blue

River Condos

$579,900

4 Bedroom Single Family Home

4300 Sq. Ft.

723 Eveningstar Ct.

$1,250,000

Data obtained from http://www.summitmlxchange.com/

Listings may not be current and do not necessarily represent listings of Landmark Real Estate Group, LLC

"How is the Market Doing!?"

Landmark Real Estate Group, LLC — Tue, 12 Feb 2008 11:02:45 -0600

I am often asked, "How is 'the market' doing!?" with the questioner wondering whether they should be ready for a barrage of complaints to stream out of my mouth. However, I always respond: "Great!" -- and I'm being honest. The media has represented, in very broad strokes, a nationwide real estate market crisis. Luckily, it has not applied to us.

How is it that Summit County and other ski resort real estate markets like Vail and Steamboat, have remained virtually immune from the real estate problems facing most of the rest of the country? I have a few theories:

First, almost 70% of home owners in Summit County are second homeowners. Second (or subsequent) homeowners' purchases of real estate are discretionary, which means that they normally have the financial resources to complete the sale. We have not seen the volume of sub-prime loans that other communities have experienced given the demographics of our buyers. Therefore, we have very few foreclosures compared to areas where sub-prime loans were more prevalent.

Second, land is at a minimum. In most ski resort communities, the terrain is heavily forested with steep mountain pitches. What is buildable is often already built out or owned by government agencies like the Forest Service. Further, mountain planning commissions are very careful as to what is allowed to be built. So, developers cannot come into mountain communities, buy up land, and build numerous huge condo developments, as happened in Florida, for example. During the housing boom, development units were purchased heavily by speculators who wanted to "flip" the units when the project was complete. After the real estate market slowed, there were not enough buyers to absorb the speculators' purchases. Consequently, developments have stopped and speculators purchased units for more money than they are worth today.

Finally, our inventory is low compared to the number of units available in Summit County. From a simple supply and demand approach, we have more than enough buyers who want a piece of paradise to consume the available properties for sale.

So, in closing, if you are thinking of buying a first or second home in Summit County, don't be afraid of "the market." But, also don't expect to get a bargain because of "the market."

Amy Nakos, JD, CLHMS

Who is Landmark Real Estate Group, LLC?

Landmark Real Estate Group, LLC — Sat, 09 Feb 2008 10:18:27 -0600

Who is Landmark?

Landmark Real Estate Group, LLC is a boutique real estate firm with only experienced and knowledgeable brokers. We offer individualized attention, extensive knowledge of the market, and expert negotiation skills. Our special areas of expertise include luxury homes, new construction, and resort investment properties. However, we can assist you in all aspects of buying and selling all types of residential and commercial real estate in Summit County Colorado.

Why Choose Landmark?

Landmark was created to offer Summit County real estate buyers and sellers the highest level of customer service with the most experienced and highly trained real estate brokers. We pride ourselves on creative solutions and "out of the box" thinking to ensure no sale is lost due to issues that can be resolved. We utilize the most up to date technology to market your home including a proprietary real estate data base which contains all Summit County property data. We have a combined 25 years of experience rounded out with additional experience in residential development, real estate law, and syndication.

Landmark Support Systems

· Our modern and beautiful office is centrally located in Frisco, Colorado. We are open 6 days a week and by appointment on Sundays.

· A full time office administrator is available during office hours to set up showings and facilitate communication.

· A professional graphic designer and advertising image consultant implements fresh, modern, and effective marketing featuring your listing.

· Up to date software and technology keep our office running smoothly and efficiently.

Please contact us if you would like information about Summit County Colorado Real Estate!

What Can I Get For My Money in Summit County?

Landmark Real Estate Group, LLC — Fri, 08 Feb 2008 12:28:38 -0600

Summit County is a ski resort community that draws around 4 million visitors a year! Often we are asked "How much does it cost to buy a place here?". So, we created this document called "What can I Get for My Money". We thought you may find this interesting and perhaps useful.

What can I get for my Money?

Breckenridge

1 Bedroom Condo

561 Sq. Ft.

1140 Ski Hill Dr. Bldg D Unit #27

$299,900

2 Bedroom Condo

1,242 Sq. Ft.

227 Fuller Placer Dr Bldg 1 Unit #6

$369,900

3 Bedroom Town Home

1,604 Sq. Ft.

1128 Baldy Rd.

$429,000

4 Bedroom Single Family Home

3,818 Sq. Ft.

26 Forest Circle

$1,450,000

Copper Mountain

Studio

484 Sq. Ft.

Telemark Lodge Condo Unit #212

$225,000

2 Bedroom Condo

900 Sq. Ft.

Passage Point Unit# 602

$509,000

3 Bedroom Town Home

1,516 Sq. Ft.

78 Golf Course Rd. Unit #17

$795,000

4 Bedroom Town Home

2,667 Sq. Ft

39 Union Creek Rd. Bldg 2 Unit #39

Union Creek Townhomes West Condo

$1,436,900

Dillon

2 Bedroom Condo

762 Sq. Ft.

923 Straight Creek Dr. Bldg T Unit # T102

$215,000

2 Bedroom Condo

1017 Sq. Ft.

103 La Bonte Bldg E Unit #304

Lake Cliff Condo

$427,000

3 Bedroom Town Home

1,914 Sq. Ft

1759 Skyline Dr.

Lookout Ridge Townhomes

$539,000

4 Bedroom Single Family Home

3,471 Sq. Ft.

24 Brushwood Dr.

Whispering Pines Ranch

$950,000

Data obtained from Summit County MLS. Listings may not be current and do not necessarily represent listings of Landmark Real Estate Group.