Summit County Real Estate News, Local Happenings & Home Care Tips | Breckenridge Associates Real Estate - Blog Archive: 2009 | Page #3

There is exciting news for potential homebuyers and homeowners, the existing government tax credit has now been extended and expanded.

The first-time homebuyer tax credit has just been extended through the end of April. In addition, an expansion of the program now includes a tax credit of $6,500 to homeowners who have lived in their principal home for at least five years and are purchasing a new residence.

Qualified buyers will be able to claim the tax credit on 2009 or 2010 tax returns. Some restrictions on income limits, property type and eligibility may apply.

View details on the tax credit via this RIS Media Article and learn the answers to questions about the buyer and owner credits through the Q&A via The New York Times. http://www.BreckenridgeAssociates.com

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Copper Mountain Ski Resort opened today with top to bottom skiing, including the Eagle Jib Park. They open with several intermediate runs accessed by the American Eagle lift as well as the Easy Rider lift enclosed area for those still perfecting their snowriding skills.

Keystone Resort opened yesterday with ABasin and Loveland opening early October. Breckenridge is scheduled to open November 12. Then officially all mountains in the Summit County, Colorado area will have kicked off the 2009-2010 Ski Season! http://www.BreckenridgeAssociates.com

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Keystone Ski Resort opened today, November 5, one day earlier than planned. They kicked off this beautiful Colorado day with top-to-bottom skiing running the River Run gondola. Guests can enjoy the new ease of the skier bridge that allows you a shorter walk to enjoy quicker access to skiing. More terrain expected to open soon, but what a great start to the year.

Loveland, A-Basin and Keystone ski resorts are now opened. Copper is set to open tomorrow, November 6 and Breckenridge ski area opens on November 12! Welcome Winter! See you on the slopes. http://www.BreckenridgeAssociates.com

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Comcast announced this week it's jumping from broadband to wideband, launching DOCSIS 3.0 technology in some of Colorado's mountain communities, including Summit County, Granby, Rifle, Glenwood Springs, Winter Park and Aspen. This change is already in effect, beginning this past Tuesday, November 3.

Users can expect the fastest speeds available with wideband technology with download speeds of up to 50 MBPS. It will double speeds for most and at no additional cost.

For more information on wideband in your neighborhood, click here or call 1-800-COMCAST. http://www.BreckenridgeAssociates.com

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It's always exciting to hear what the resorts have in store for operations and improvements heading into a new season. Last week, the resort executives for Breckenridge, Loveland, Keystone, Copper and A-Basin officially kicked off the season, announcing to the public expected plans for each resort heading into the start of skiing in the high country.

Fortunately, we live in a resort area where the ski areas are continually re-investing in their product to keep it top-notch and the best it can be. This gives us confidence in our local community and creates momentum and a "snowball" effect for many local businesses going into a new ski season. In addition to the improvements listed below, the resorts have also seen unbelievable early season snow and a rise in…

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A chilly fall and early season snow have helped two of our local resorts open earlier than normal this year. An annual friendly rivalry between Loveland and Arapahoe Basin commences each October where the two compete in the "Race to Open". Loveland won the battle this year on October 7th and was the first resort in North America to open for the season with an 18 inch base and 1,000 vertical feet of skiing via Chair 1. Arapahoe Basin followed two days later on October 9th. They too opened with an 18 inch base and skiing on the High Noon run. The resorts continue to open more terrain daily and officially helped to kick off winter in the Colorado Rockies. The ski season momentum continues with chilly fall days, snow storms and optimal snowmaking conditions in…

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Purchase 2009-2010 Colorado season ski passes online now. Vail Resorts, parent company to Breckenridge, Keystone, Vail, Beaver Creek & Heavenly ski areas, is offering several pass options online and you can purchase directly as a first time buyer or to renew. Visit this link to view Vail Resorts pass options. Intrawest, parent company to Copper, Winter Park and Steamboat resorts, also has passes available for purchase online. Visit this link to view Intrawest passes. http://www.BreckenridgeAssociates.com

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Momentum in our local real estate market is continuing to build with increased activity in the late summer months of 2009. In June, the combined number of transactions among single family residences/duplexes, condos/townhomes and land was at 55. After closing the month of September, this number has more than doubled with 117 sales. Data for the past 45 days indicates even greater activity on the horizon with 161 pending sales. The first graph below highlights the lows of early 2009 as well as the upswing in transactions experienced over recent months. The second graph shows the sold data since 2007.




If you're considering a home or investment property in Breckenridge or Summit County, Colorado and are still on the fence, you can feel confident knowing you…

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