While ushering in a new year, I love to rethink and reinvent - like the new look of my newsletter!  Many of you read this on a mobile device, so this format should make it more user friendly.  

I'm also offering you my "Live Like a Local" discounts.  Wouldn't it be great to be treated like Cliff at Cheers when you walk into a place in the mountains?  Show off my fancy coupons, and you will be in the Locals' Club!  Check in each quarter on this newsletter for valuable discounts offered at some of my favorite local businesses.  You will find them at the very bottom of the newsletter.

You will also find super duper information on the latest market trends, and my featured listing - a single family home in the Reserve in Frisco.

Have any questions or topics that you would like me to cover in this newsletter? Shoot me an email or text with your ideas and you may see your topic covered in a blog, newsletter or video!  

Happy New Year and may all your 2018 dreams come true!

Amy Nakos

For Buyers: Our market is split.  For properties under $750K to $1m, inventory is tight and prices are climbing.  Days on market for properties over $750K are 129 whereas days on market for properties under $750K is 44.  Prices have climbed an average of 15% from last year on all properties.  If you have been waiting for the right time to purchase, get serious now about obtaining financing and start to shop. Prices will continue to climb as Denver's robust economy feeds the Summit County market.  The market is especially tight under $500K, and almost non-existent under $300K.

For Sellers: With record low inventory, putting your property on the market now, especially during the high rental season, will provide you with little competition from other listings.  If you have a property under $500K, expect a fast turnaround time provided you are within market pricing.  If you wait until spring, you will be in the crowd of new listings coming on the market.

The Details:  

Summit County pricing has recovered from the recession.  Average appreciation 7.7%, compared to Denver at 5.9%

Sales Volume is not back to 2007 numbers because there is not the amount of inventory available.  

Days on Market, Average Discount, and Months of Inventory indicate that Summit County is in a Seller's Market. Interested in specific areas in Summit, such as Breckenridge, Copper, Keystone, etc? Then here is the entire Your Castle Market Update, please Click Here! For Land Title's Market Update, please Click Here!