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Summit County Market Update
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New sales are bolstering the under contract activity as the first quarter of 2018 comes to an end. In fact, new projects represent about 40% of the total properties that are under contract and getting ready to close in Summit County.
Of the sold properties from January 1 through March 31 in Summit County close to 50% of them landed in the sold price range of $500,000 to $1,000,000 with 17% in the over $1,000,000 range and 34% under $500,000. In 2017 for the same time period, the under $500,000 sold segment of the local market represented close to 50% of the sales, and the $500,000 to $1,000,000 segment was 30% of the market.
It appears that the under $500,000 market of last year is moving upward into the $500,000 and up range. The upper end, or over $1,000,000, segment is down about 5% this year. Overall residential sales are down 11% during the 1st quarter and the average sold price is relatively flat at a decrease of -0.5%.
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| Wondering How Much Your Home Is Worth? |
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| How has the price of your home changed in today's market? How much are other homes in your neighborhood selling for?
If you’re wondering about prices in your area, or thinking of selling your home, I can help.
Just call my office at 800-289-7005 or email me at kelli@kellisells.com for a professional price analysis. There is absolutely no obligation.
I’ll give you honest feedback about the value of your home. And I’ll also give you the inside scoop on what’s happening in the housing market in Breckenridge, Dillon, Frisco, Silverthorne and Keystone.
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| Ready to Paint? Check out This Season's Hottest Colors |
This year, you can find a color to suit your mood; the very influential paint manufacturers have chosen palettes ranging from peaceful shades to vibrant hues.
According to Martha Uniacke Breen in The National Post, paint colors reflect the way we see the world. "[This year] in both a décor and a psychological sense, it's hard to be neutral," Breen suggests. "There's both a turning inwards towards peace and refuge, and a sense of standing strong, even defiance."
For example, Benjamin Moore's color of the year for 2018 is a spicy red called "Caliente" ("Hot" in Spanish), and red, generally, is showing up in everything from appliances to cars. But for the shy among us, Benjamin Moore offers variations: deep rich pinks.
Dark colors are also trending. Paint manufacturer PPG's "Black Flame" works best as a wall color; it highlights the
room's architecture, furniture and lighting. That said, dark colors can be unforgiving and may highlight those less-than-perfect walls.
Challenging "Ultra Violet"
 Pantone has challenged décoristas with its 2018 color of the year, "Ultra Violet". It has a tendency to take over, designers say, and so must be handled with care. Some are using softer shades (even extending to lavender), and others are pairing it with partners such as celadon green or camel. But be aware: this bold color should be used judiciously.
Another trend is bringing the outside in with colors such as Beauti-Tone's "Green Peace". "It's peaceful and almost neutral, but it has attitude," says company representative Bev Bell.
Fortunately, the 2018 color palette is generally easy to use. Says Breen: "...all of these shades are amazingly
versatile. They can be either dramatic or quietly enveloping, depending on what else you choose to put with them." |
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Kelli Bennett
RE/MAX Properties of the Summit
220 South Main Street
P.O. Box 4600
Breckenridge CO 80424
970-390-9311 Cell
800-289-7005 Office
970-453-7365 Fax |
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| www.kellisells.com |
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| kelli@kellisells.com |
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| License # 40008935 |
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| What's Happening in Breckinridge |
Tuesday, April 10. "Liyana", Summit Film Society.7:30 p.m., 121 Ridge St.
Friday, April 13. Preston Ghost Town and Gold Mine Hike. 10 a.m., Breckenridge Golf Club
Through April 22. Spring Fever: Competitions, Beer Fest and the Breck "Plunge"
April 27-29, Mary Poppins, Jr. Riverwalk Center. Tickets on sale April 14 online |
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| Ask the Agent: |
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What Should Sellers Do Before a Home Inspection?
Clean, then tackle tasks you might overlook in your day-to-day life. Change the furnace filter. Replace light bulbs and smoke detector batteries. Check windows for cracks, and replace any damaged panes or screens. Remove any clutter around HVAC systems to provide easy access. Completing these steps may bring you and your buyer to the closing table - faster and happier. |
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