Summit County Real Estate News, Local Happenings & Home Care Tips | Breckenridge Associates Real Estate | Page #60

UPDATE: This event has been postponed. Please check back for dates in February or March.

The 5th annual Breck Snowflake Challenge brings snow sculpting back to its roots and onto the streets of downtown Breckenridge again this December. It's a fun kick-off and warm-up to the International Snow Sculpting Championships event in January. Sculpting sites throughout Main Street and downtown Breckenridge truly come to life over the course of the competition with amazing creations, adding to the beauty and surroundings of our perfect mountain town.   

The Breck Snowflake Challenge is produced by Breckenridge Associates Real Estate and the founders of Breckenridge’s International Snow Sculpture Championships as a means to develop a new generation of snow…

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Fannie Mae’s economists expect home sales to increase approximately 9 percent this year from last year’s levels. Their team of experts believe home prices hit bottom earlier this year. They state, record low mortgage rates and the Federal Reserve’s latest round of mortgage backed security purchases combined with current pricing will likely bring more buyers into the housing market.
  Nationwide, they’re expecting sales will round out at 4.98 million this year and increase to 5.19 million units next year (for the first time in years). Fannie Mae’s team is estimating a rise of 2.9% in prices.
  Locally, we’ve experienced year over year sales growth in Breckenridge as well as the Summit and Park County markets. Breckenridge has grown 10% in residential…

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Winter is here with all of Summit County ski resorts welcoming the start of ski season. Breckenridge opened this past weekend, and Keystone, A Basin, Copper and Loveland have their lifts churning for the winter too. Bring on the snow!

If you are considering spending more time in the mountains this ski season by purchasing a home in Breckenridge, Summit or Park County, now is the time to buy. Call Breckenridge your home this winter.

And, now for our Top 5 Real Estate Deals for November 2012.


1.) Whitewolf Unit 25, Breckenridge 
This townhome is located just below the base of Breckenridge Ski Resort's Peak 8 and adjacent to the Breckenridge Nordic Ski Center. On the bus route with easy access to town and the slopes. The owners bought the home for $825,000…

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This past spring, we reported on a bet the legendary investor, Warren Buffett, made on the U.S. Housing Market. In the article, Buffett stated he would buy up a million homes if possible. He voiced his confidence in housing coming back and addressed positive shifts in real estate.

Now, continuing to show his faith in the US Housing Market, Buffett has been buying up real estate brokerages around the country. Along with partner Brookfield Asset Management, Berkshire Hathaway HomeServices is a new franchise brand in residential real estate. A press release says the brokerages that will make up the new company did a combined $72 billion in sales in 2011.  
Buffett has been public about his bullish housing call for a while as he's built his residential…

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In the early-to-mid 2000s, when our resort economy was growing at a rapid pace, many homeowners were dreaming of that second home purchase for vacationing or retirement. However, during this time housing prices skyrocketed and grew out of reach for many. Those same homes you may have eyed in that time period deserve a second look in today’s economy. Prices have since dropped in our local market. Interest rates combined with great deals may have now turned your dream home into a bargain. This table shows the difference in home prices and mortgage rates from 2006 compared to today.
*Freddie Mac Rate
Suddenly this may place your dream home back in reach. Now is the time to buy! Are you interested in learning more about real estate opportunities in…

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Breckenridge Residential Sales
Real estate activity in Breckenridge for the month of September included the sale of 27 Single Family Residences, 2 Duplexes, 19 Condos and 4 Townhomes for a total of 52 transactions for the month. Year-to-date total sales include 360 transactions with 92 sales currently pending.
Summit/Park County Residential Sales Real estate activity in Summit and Park Counties for the month of September included the sale of 63 Single Family Residences, 8 Duplexes, 56 Condos and 22 Townhomes for a total of 149 transactions for the month. Year-to-date total sales include 984 transactions with 301 sales currently pending. 

Please contact your Broker at Breckenridge Associates Real Estate to learn more about the incredible opportunities…

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Most buyers share a common question when working with their real estate broker to bring an offer to the table. Buyers want to know, “Is there any room for negotiation in the asking price?” While it’s an important question to ask, brokers in various markets are likely to respond differently depending on the real estate conditions specific to their area.
Buyers in the Breckenridge and Summit County market can expect to pay an average of 3-6%-off the current list price for a home. Buyers want to be careful to not to offend the seller by proposing an initial offer that is too low. Our local market is not saturated with inventory, and the majority of our sellers are not selling out of desperation. A largely discounted initial offer may be a…

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Are you trying to decide where you want to ski, and which ski passes to buy for the 2012-2013? We’ve made it a little easier by doing the homework for you. We've compiled each of our local resort's pass options for the season ahead. The countdown is on to opening day with targeted dates set for mid-October and early November. Cheers to a great ski season!
Here's all the pass information you need for Breckenridge, Keystone, Arapahoe Basin, Copper Mountain, Loveland, Vail and Beaver Creek.
Vail Resorts (Vail, Beaver Creek, Breckenridge, Keystone, Arapahoe Basin - in Colorado) and (Heavenly, Kirkwood, Northstar - in California) Summit Value Pass Adult - $439, Teen - $339, Child - $229 Unlimited access to Keystone and Arapahoe Basin. Limited…

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Ski resorts have started making snow for the 2012-2013 ski season. Every fall brings a friendly battle among local ski areas to see who will open first for the ski season. Only time will tell, but as of now Copper Mountain, Loveland Ski Area and Arapahoe Basin have begun firing up the snowmaking machines. Copper started making snow October 2 with Loveland and Arapahoe Basin following later in the week. Now the race to opening day is on, and we cannot wait to experience what this ski season has to offer.
Resort Opening Dates for the 2012-2013 Ski Season Arapahoe Basin – Mid October Loveland Ski Area – Mid October Keystone Resort – November 2 Copper Mountain Resort – November 2 Breckenridge Ski Resort – November 9 Vail – November 16 Beaver Creek –…

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1.) When you add up all of your income from every source, and that total is less than $200,000 ($250,000 on a joint tax return), you will not be subject to this tax.
2.) The 3.8% tax will NEVER be collected as a transfer tax on real estate, so you will never pay this tax at the time you purchase a home or other investment property.
3.) You will never pay this tax at settlement when you sell your home or investment. Any capital gain realized at settlement is just one component of that year’s gross income.
4.) If you sell your principle residence, you will still receive the full benefit of $250,000 (single tax return)/$500,000 (married filing joint tax return) exclusion on the sale of that home. If your capital gain is greater than these…

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