Summit County Real Estate News, Local Happenings & Home Care Tips | Breckenridge Associates Real Estate | Page #59


It’s snow sculpting time! This year marks the 23rd annual Budweiser International Snow Sculpture Championships. The artists come from throughout the country, around the world and even hailing from our own Breckenridge Associates Real Estate office with the event’s original team.  This year, they will be carving the Budweiser sponsorship piece and another partner is a member of the international team.


The 16 teams will compete to produce impeccable works of snow art for the public to view and ponder the impossibility of many of the creations. 

The first week is called Technical Week and runs Jan. 15 through 18.  People can watch how the blocks are built or even volunteer to help by contacting the town.
The sculpting week begins Jan. 22 and ends at 10 a.m.…

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Home prices rose nationwide by 6.3 percent in October 2012, on a year-over-year basis. It was the largest increase since June 2006, according to the most recent data from CoreLogic.
These figures are a good reminder that it’s still hard to generalize about housing. Some markets are up sharply amid big declines in price, while others are still soft, according to an article from The Wall Street Journal.
CoreLogic economists believe the housing recovery is geographically broad-based with almost all markets experiencing some appreciation. They said the housing recovery that began in early 2012 continues to gain momentum.
Reduced inventories and improving buyer demand both contribute to the stability and growth of home prices, which is essential to…

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Why, as a prospective home seller or buyer, you need to stop sitting on your hands. After five years of a tumultuous market, order and opportunity are finally being restored to the housing market. Home prices were expected to rise 1% during the final quarter of 2012 to the end of 2013, according to the real estate research firm Fiserv.  
Fiserv’s chief economist David Stiff says that “Housing is finally turning the corner. There is no reason to be fearful of further large price declines.”
This is going to create a new playing field for homeowners, who are finally able to sell, and potential buyers, who've been delaying a purchase with hopes of prices continuing to fall.
Fiserv also predicts that in the next five years, homes will gain 3.3%…

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The historically low mortgage rates sank even lower in November, setting records for both 30-year and 15-year fixed rate loans.
According to Freddie Mac, the 30-year fell to 3.31% from 3.34% in mid-November. The 15-year rate averaged 2.63% compared to 2.65%. The current conditions mean it may make sense for current mortgage borrowers and new home buyers to look at shorter-term loans.
An example of how the numbers add up follows: Homeowners currently paying off 30-year loans with rates of 4% spend $1,098/month in mortgage payments on a $200,000 balance, paying total interest of $143,739.
Refinancing at 2.63% for 15 years would cost them $250/month more, but they would end up paying just $42,250 in total interest and their payment years…

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Our monthly stats reports on local real estate have shown steady growth year over year in Breckenridge, Summit County and Park County sales transactions. We’re confident the local real estate market is well on its way to recovery and it only helps to take a broader look at what national real estate experts have to say about the housing market nationwide.
Recovery of the housing market should continue through the coming years, assuming there aren’t further limitations on the availability of mortgage credit or a “fiscal cliff” according to forecast presentations at a residential forum at the 2012 REALTORS® Conference and Expo.
Lawrence Yun, chief economist of the National Association of REALTORS said the housing market clearly turned around…

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Welcome to holidays in our winter wonderland of Breckenridge. We can't think of better place to ring in the new year than our own Summit County home. Breckenridge, Keystone and Copper are here to help make ringing in the new year extra special with fireworks, torchlight parades and typically lots and lots of snow. Happy New Year!

Breckenridge Ski Resort
Bring in the New Year with a boom! Watch a spectacular array of fireworks, going off between Peak 8 and Peak 9. You can find best visibility from downtown Main Street. Catch the Torch Light Parade flowing down the Breckenridge Ski Resort.  6pm, Torchlight Parade Visit www.breckenridge.com for additional event information.

Keystone Ski Resort
6pm, Lakeside Village Fireworks 7pm, River Run Village…

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The bigger and better Dew Tour will feature the world’s top freestyle skiers and snowboarders as they converge in Breckenridge to kick off the first major event of the winter action sports season. The only winter event of the 2012 Dew Tour will feature more competitions, including ski and snowboard Big Air, as well as a Film Night and concert that will take over downtown Breckenridge.
The Dew Tour Mountain Championships will feature many of Breckenridge's world-class team skiers and riders.
Freeski Men’s Slopestyle: Bobby Brown, James Woods 
 
Freeski Men’s Big Air: Bobby Brown 
 
Freeski Women’s Slopestyle: Keri Herman, Anna Segal 
 
Snowboard Men’s Pipe: Zach Black, Brett Esser 
 
Snowboard Men’s Slopestyle: Eric Willett 
 
Snowboard Men’s Big Air: Eric…

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Welcome to the Top 5 Real Estate Deals for December 2012. It 
remains a terrific time to be a buyer in our market with a great 
selection of well-priced properties and continued historically low 
interest rates. Whether you’re considering a beautiful ski-in, ski-
out private home on the slopes of Breckenridge or an income 
producing condo in the core of Keystone Village, you’ve come 
to the right place. So let’s take a look at a few of the exceptional 
values on the market today.
And, now for our Top 5 Real Estate Deals for December 2012.

1.)  Silver Mill Condo, Keystone  
First, let’s check out the least expensive 2 bedroom, 2 bathroom property in the core of Keystone’s River Run Village. Within a couple hundred yards of the Keystone…

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November 2012
Breckenridge Residential Sales
Breckenridge sales included 31 Single Family Residences, 2 Duplexes, 24 Condos and 6 Townhomes for a total of 63 transactions for the month. 
Summit/Park County Residential Sales Summit and Park County sales included 66 Single Family Residences, 6 Duplexes, 81 Condos and 19 Townhomes for a total of 172 transactions for the month. 

November 2011
Breckenridge Residential Sales
Breckenridge sales included 21 Single Family Residences, 2 Duplexes, 30 Condos and 3 Townhomes for a total of 56 monthly transactions.

Summit/Park County Residential Sales
Summit and Park County sales included 48 Single Family Residences, 6 Duplexes, 68 Condos and 16 Townhomes for a total of 138 monthly transactions.

Please contact your Broker…

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October 2012
Breckenridge Residential Sales
Breckenridge sales included 20 Single Family Residences, 5 Duplexes, 32 Condos and 4 Townhomes for a total of 61 transactions for the month. 
Summit/Park County Residential Sales Summit and Park County sales included 60 Single Family Residences, 13 Duplexes, 101 Condos and 16 Townhomes for a total of 190 transactions for the month. 


October 2011
Breckenridge Residential Sales
Breckenridge sales included 20 Single Family Residences, 3 Duplexes, 18 Condos and 8 Townhomes for a total of 49 monthly transactions.

Summit/Park County Residential Sales
Summit and Park County sales included 53 Single Family Residences, 12 Duplexes, 55 Condos and 20 Townhomes for a total of 140 monthly transactions.

Please contact your Broker…

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