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My mission at the Smits Team Real Estate is to be your best resource for real estate advice. Whether you are a buyer, seller, or investor, I can answer any questions you might have about real estate. Subscribe to this blog to get the latest news on local market trends and receive expert tips for buying or selling a home.

The Fire Is Over in Summit County



Thank goodness the recent wildfire has been put out. Now things are getting back to normal in Summit County real estate.

Call me at (970) 418-0183 for a FREE home buying or selling consultation

Thank goodness that the winds have shifted and we are finally getting some rain in Summit County. The fire last week was frightening. Anytime you see flames in the mountains, it’s pretty scary. 

Although parts of Breckenridge were evacuated, everyone is back home safe now and the fire is out. We were lucky that the winds shifted and the rains came. Thanks to everyone who had a hand in helping control and put out that nasty fire.

The wind has shifted.

As far as the real estate market is concerned, our inventory is finally starting to pick up. The average days on market remains extremely low. If you’re looking to buy a home up here, give us a call, text, or email now so we can start aggressively searching for a home for you. Even if you’re out of town, we can FaceTime or Skype you in to take a look at any homes. There are quite a few that have recently come on the market. 

If you have any questions for us, don’t hesitate to reach out and give us a call or send us an email. We look forward to hearing from you soon.

What's Been Happening Here in the Summit County Market?



What's going on in the Summit County market? I've got an update for you today covering the whole first half of 2017.

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Call me at (970) 418-0183 for a FREE home buying or selling consultation

It's hard to believe that we're heading into summer, which means the first half of the year in real estate activity is already behind us. So what's been going on in the Summit County market?

Just like the last few months, inventory has been low, demand has been high, and we see that continuing. However, we've seen an uptick in listings. For example, in Frisco our average for the last three months has been 13, and now we're at about 15, and we're seeing that across the county. That's great news for homebuyers.

The average sales price over the last six months was $725,000, which is up from this time last year. The average number of days a listing spends on the market has fallen too. The median days on market for homes priced under $400,000 is about seven, and as you go up in price, it also increases, but only by a day.

For the first half of the year, the overall average days on market was 52. We're seeing that go up just in the last month to about 65. I think we're seeing sellers coming on higher and higher with list prices and buyers are resisting a little bit. Basically, buyers are looking to buy, but they aren't willing to overpay.



Sale prices and the number of new listings are both up.


The other price range that has been interesting to me is $2.6 million to $2.8 million where the average days on market was just three. When people see houses they like, they're buying them quickly. 


Here are the market reports for these areas:

If you have any questions about a specific area or you're thinking of buying or selling a home in our market, give me a call or send me an email soon. I'd love to hear from you!


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The Buying Season Is Officially Underway



With the ski season over, tons of properties are flooding the market. Here’s why you need to act quickly in order to take advantage.

Buying a home? Click here to perform a full home search
Selling a home? Click here for a FREE Home Price Evaluation 
Call me at (970) 418-0183 for a FREE home buying or selling consultation


Although the question of when the best time to buy is a complex question, I’ve got some information to share with you today that shows why May and June specifically are good times to buy a home in this market.

The ski season is mostly over now, which means we are going to start to see homes come off of the rental market and into the purchasing market. Inventory is finally increasing for home buyers, giving them many more options than they had just a few months ago. Interest rates are continuing to stay fairly low as well, and with fewer rentals it is much easier to see properties.

If you were here in the winter and wanted to see properties, it was probably difficult for you since so many of them were rented out. Those properties are vacant now, though. 

Another reason to act timely if you want to secure a good deal is because once a property sells, the next similar property that comes on the market will be listed for $10,000 or $15,000 more. We recently saw a wilderness condo come on the market for $305,000 and sell within a few days. The next similar condo that came on the market was listed at $320,000. With inventory so low, that’s how quickly prices are going up.

If you’re thinking about buying a home, reach out to us. We can make sure you’re alerted to the properties that match the criteria you are looking for as soon as they come on the market. If you can’t make it out here to see them in person, we can even set you up with a pair of VR goggles so you can take a 3-D home tour. We do these for every one of our listings and if you haven’t taken a VR tour yet, it’s something you need to do. Reach out to us and we’ll send you a pair of goggles.



We’re happy to send a pair of these VR goggles your way.


If you have any other questions for us, don’t hesitate to give us a call or send us an email. We look forward to hearing from you soon.