August - inching towards Fall Colors and Ski Season and Snowmaking!

Summer has been glorious ...

... and jam packed with opportunities to hike, bike, enjoy live theater and the many concerts at the Dillon Amphitheater. Who came up for Train and Infamous String Dusters (an annual favorite)? What about the Beer and Bluegrass or Bacon Festivals in Keystone?

Fun in Breckenridge—walking the streets, eating in the many fine eateries and live music at the River Walk. Best concert of the summer… Mary Chapin Carpenter! The National Repertory Orchestra ended it’s season… Come on up next Summer!

“Leaf Peekers” Welcome to FALL! This is the season full of color. Aspen trees glow, bringing a beautiful canvas of yellow, red and orange. Bring your camera, your family and friends to create lasting memories. This fall is expected to be SPECTACULAR" as a result of the moisture Mother Nature has graced us with!

Ski season is just a couple months away… ABasin will likely announce opening in the near future—typically the first to open. 

Keystone is looking at October depending on Mother Nature.

Breckenridge plans to open November 10^th.

Locals truly appreciate our guests and thank those who respected our beauty, our hard working locals who serve you in the stores and restaurants, and treating our open spaces, trails and beauty with care they deserve.

"Loan Conversations" to have with Mortgage lenders and your Realtor.

If you're waiting for the rates we saw in 2021..and waiting for the 3% rate to return..you may be waiting for a very long time and you may never buy.

The 3% mortgage rates of 2021will probably never return. The low rates were triggered by a unique, unforeseen set of circumstances that began with a global pandemic in 2020.

The Mortgage Bankers Association and some economists predict that rates will decline over the next 12 months, but don't see rates dropping below 5% any time soon. One MLS chief economist described the feelings of many would-be home buyers:



Once Buyers and Sellers reach the stage of acceptance…"rates aren't going to come down to where we were back during 2020 and 2021." Now could be "the time to buy".

If you are stuck in a property that no longer meets your wants/needs whether it is a primary or a second home..now is the time to accept the current rate atmosphere, buy the next home and enjoy the home you REALLY want.

ABOUT REAL ESTATE IN SUMMIT COUNTY ...

Our market continues to favor sellers; however, it is more friendly to Buyers.

We are experiencing fewer multiple offers, more days on the market and price reductions. Inventory dictates the uptick in prices..Remember your Economics 101..Supply and Demand?

Summit County Real Estate has proven to be a good investment with appreciation over the past 10 years coming in as follows:

(Calculated by Median Sale Price comparison) **

Market SNAPSHOT

Summit Towns/Resorts, Average Price for SF Homes 2022 vs. 2023 YTD

(click on image to enlarge)

Summit Towns/Resorts, Average Price for Multi Family Homes

 2022 vs. 2023 YTD

(click on image to enlarge)

Data Source: Courtesy of Land Title Guarantee Company

For a full local MARKET update please click here

Q U E S T I O N S  you may have:

What do you need to know about our market..whether you are BUYING or

SELLING !

Please call Kerry at: 303.910.6633

Kerry@KerryGibson.com

Kerry direct: 303-910-6633

Please visit my website here

Kerry Gibson, Broker Associate

Colorado Craft Brokers

PO Box 2120

Dillon, CO 80435

Serving all of Summit County & Surrounding Communities