- Northeast: jumped 11.6 percent to an annual pace of 770,000 in April, but are 10.5 percent below April 2008. Median price: $237,400, which is 9.6 percent lower than a year ago.
- Midwest: slipped 2 percent in April to a level of 1.00 million and are 9.9 percent lower than a year ago. Median price: $138,800, down 11.7 percent from April 2008.
- South: increased 1.8 percent to an annual pace of 1.74 million in April but are 8.9 percent lower than April 2008. Median price: $148,000, which is
Following are 5 reasons to buy a vacation home according to RIS Media. According to Christine Karpinski, the National Association of Realtors® (NAR) 2009 Investment and Vacation Home Buyers Survey suggests that the iron is sizzling hot-and if you’re going to strike, the time is now.
- It’s never been more obvious that real estate is a sound long-term investment. The NAR survey results revealed that the share of speculator sales is down from 29% to 16%. Combined with the fact that 34% of buyers are purchasing properties within 100 miles or less of their primary residence-which suggests they intend to use it themselves-this trend indicates that more and more people are embracing a “buy and hold” strategy. Plus, Karpinski says she constantly sees evidence…
Check out this view from Lake Dillon - the lake is like glass and the sun is shining. Another bluebird day in Summit County. http://www.BreckenridgeAssociates.com
The Raven at Three Peaks is now open. Visit ravenatthreepeaks.com for tee times. The Breckenridge Golf Club opens Friday, May 22. Visit http://www.townofbreckenridge.com/index.aspx?page=44 for tee times. Keystone River Course opens Friday, May 22. Visit keystonegolf.com for tee times. Keystone Ranch Course is scheduled to open June 19. keystonegolf.com Copper Creek is scheduled to open June 19. coppercolorado.com
Colorado homebuilders will be required to install carbon-monoxide detectors in new homes under a proposal signed into law in March.
House Bill 1091 takes effect July 1 requiring installation of the detectors in new and resold homes near bedrooms as well as rented apartments and homes.
The legislation was introduced after the death of Denver investment banker Parker Lofgren and his family. Lofgren, 39; his wife Caroline, 42; and their children, Owen, 10, and Sophie, 8, were found dead in a multimillion-dollar home near Aspen on Nov. 27, 2008, victims of carbon-monoxide poisoning. The family had won a holiday weekend stay in the home through a fundraiser.
In January, University of Denver graduate student Lauren Johnson died in her apartment - also of…
A tax credit of up to $8,000 is available for qualified first-time home buyers purchasing a principal residence on or after January 1, 2009 and before December 1, 2009. Unlike the tax credit enacted in 2008, the new credit does not have to be repaid.
Contact your Broker/Partner to learn more at www.breckenridgeassociates.com, or call 800.774.7970. http://www.BreckenridgeAssociates.com