Summit Colorado Resort Blog

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Colorado Ski Resort Towns looking to go Green

 Summit County Colorado finding its way to going green

For the last several years The ski resort areas of Colorado have been looking to reduce their carbon foot print. Many ski resorts have announced various projects to greatly reduce their dependency on natural resources including our own Copper Mountain Resort which is now 100% powered by wind.

Summit County government has been looking to do their part in conserving natural resources. In the quest to find an economically beneficial use for beetle-killed trees, the county examined a plan to generate heat for the County Commons or the buildings at the landfill with biomass. The project was technically feasible, but it didn't make fiscal sense. I applaud the county for not doing something just to do it. I find in some cases we rush to go green just for the sake of doing so. This usually cost individuals, businesses, and tax payers more money and in other cases  can increase their carbon footprint through other means.

As previously reported the county commissioners said they still wanted to find ways to reduce the county's carbon footprint and possible save some money in the process. 

The County retained Johnson controls to study additional ways to reduce energy consumption in county owned properties. They presented the findings from the audit to the commissioners last week. Lighting upgrades at various county buildings would bring the most immediate results, costing about $60,000, with a three-year payback, the study found.

Fixing heat leaks in county buildings with added insulation and other simple measures would cost about Lake Dillon View$110,000, bringing a 5 percent savings in improved energy efficiency, or about $7,000 in annual savings. The payback period is about 16 years for these "priority 1" building envelope improvements.

More savings could be realized by upgrading the energy management control systems at the community and senior center. That project has been identified as an early action item. An up-front investment of about $72,000 could reap annual savings of about $7,000 at the facility, with a 10-year payback period.
A brief staff report on the audit results spells out the cost and savings of potential upgrades.

The justice center is in need of the most investment, with $33,000 needed for lighting and lighting control systems and $61,000 needed to improve the integrity of the building envelope. But that $94,000 investment could result in annual energy savings of $17,000, with a five-year payback period.

There has been discussions in the Colorado mountain communities that solar could power an entire town. Many local leaders agree that more needs to be done by local governments to harness available renewable energy sources - particularly the ones that are right at our back door.

It's incumbent on our local leaders to be extra-sensitive to this issue. Everything's ready to go - we're just missing the money. One wind tower could take Breckenridge right off the grid.

Summit County ColoradoI only hope as we roll out renewable energy we propose educated and well though out plans. Going green in the Ski Resort Towns of Colorado can benefit us all but it has to be done in a cost effective manner not just for the sake of doing it.

Jason and Deanna Long are real estate Brokers in Summit County Colorado.

          For more Summit County information click here.

http://www.ski-homes-breckenridge.com/

 



0 commentsJason & Deanna • March 29 2008 11:34AM

Summit County Colorado Febuary Market Report

Summit County Real Estate Re-Cap for February 2008

  • The Cost Breakdown Residential Improved Units (New Construction and Resales) for Single Family Homes Gross Residential Price Index shows the average price $1,008,065.
  • Transactions in February have slowed down in all 5 Resort locations (Garfield, Pitkin, Summit, Routt and Eagle). Summit had a 27% decrease in monetary volume and a 23% decrease in number of transactions. Supply and Demand plays a big hand in the local statistics as well as other economic factors. Although volume and gross sales were down we had the lowest amount of listings available during the month of February in a few years. January volume was up slightly.

Breckenridge and Keystone were the most active areas in February followed closely by Silverthorne.

  • Over all price appreciation appears to be stable and increasing in most areas.

Cost break down for Summit County Colorado

Home Sale# of TransactionsTotal Dollar VolumePercentage GrossAverage Sales Price
<=200,00014 $ 2,399,300 4% $ 171,379
200,001 to 300,00017 $ 4,513,200 8% $ 265,482
300,001 to 400,00021 $ 7,354,700 13% $ 350,224
400,001 to 500,00016 $ 7,305,400 13% $ 456,588
500,001 to 600,0007 $ 3,845,000 7% $ 549,286
600,001 to 700,0004 $ 2,585,000 4% $ 646,250
700,001 to 800,0006 $ 4,656,600 8% $ 776,100
800,001 to 900,0002 $ 1,720,000 3% $ 860,000
900,001 to 1,000,0004 $ 3,803,900 7% $ 950,975
1,000,001 to 1,500,00010 $ 11,172,000 19% $ 1,117,200
1,500,001 to 2,000,0002 $ 3,480,000 6% $ 1,740,000
2,000,001 to 2,500,0001 $ 2,280,000 4% N/A
2,500,001 to 3,000,0001 $ 2,800,000 5% N/A
over $ 3 Million0 $ - 0% N/A
Total:105 $ 57,915,100 100% $ 551,572
Month to Month Comparison By Monetary Volume
Month2004% Change 04 to 052005% Change 05 to 062006% Change 06 to 072007% Change 07 to 082008
January$41,825,900 93%$80,788,900 6%$85,701,700 -3%$82,933,400 3%$85,497,600
February$62,725,300 15%$72,151,200 6%$76,698,900 15%$88,392,000 -27%$64,539,900
March$69,129,000 30%$90,177,800 20%$108,018,500 -14%$92,555,500
April$77,378,000 22%$94,438,600 17%$110,949,200 21%$133,878,100
May$88,236,800 19%$104,834,400 31%$137,133,800 16%$158,745,300
June$111,700,400 0%$112,232,799 45%$162,725,600 -13%$141,802,500
July$89,310,400 37%$122,040,800 0%$122,097,500 13%$138,251,700
August$102,320,900 45%$148,269,200 -12%$130,811,400 42%$186,302,600
September$116,154,100 39%$161,353,500 36%$219,939,000 -23%$168,704,900
October$117,417,900 30%$152,693,400 24%$188,770,200 -22%$146,546,900
November$116,352,500 66%$193,562,600 -29%$138,233,900 14%$156,934,000
December$135,624,700 6%$143,084,300 10%$156,795,100 -13%$135,691,900
Year-to-Date TOTAL$1,128,175,900 31%$1,475,627,499 11%$1,637,874,800 0%$1,630,738,800 N/A$150,037,500
Month to Date$104,551,200 46%$152,940,100 6%$162,400,600 5%$171,325,400 -12%$150,037,500

Month to Month Comparison by Number of Transactions

Month2004% Change 04 to 052005% Change 05 to 062006% Change 06 to 072007% Change 07 to 082008
January118 82%215 -11%192 -4%185 -11%165
February221-23%1716%181-8%166-23%128
March21224%2622%266-23%206
April2403%24712%276-5%261
May2476%26318%3105%324
June27810%30511%340-17%283
July22941%323-3%312-4%301
August29337%400-27%29124%361
September36821%4450%444-32%301
October3715%3893%400-22%311
November34311%381-14%326-14%281
December326-9%298-9%271-19%220
Year-to-Date TOTAL3,246 14%3,699 -2%3,609 -11%3,200 N/A293
Month to Date339 14%386 -3%373 -6%351 -17%293
Please note: The above figures do not include time share interests and are an unofficial tabulation of Summit County records that are believed to be reasonably accurate.

Febuary Market Analasis by area

Area$ Volume Transactions% of $ Volume # of Transactions% of TransactionsAverage $ Transaction PriceMedian $ Transaction Price
Blue River & South to County Line$4,508,5007%9 7%$500,944$269,500
Breckenridge$12,880,30020%26 20%$495,396$390,800
Breckenridge Golf Course$11,154,00017%13 10%$858,000$522,500
Central Summit County (non-town)$00%0 0%$0$0
Copper Mountain$3,080,1005%9 7%$342,233$254,100
Corinthian Hills & Summerwood$00%0 0%$0$0
Dillon Town & Lake$835,0001%3 2%$278,333$335,000
Dillon Valley$743,0001%4 3%$185,750$185,500
Farmers Corner$420,0001%1 1%$420,000data not applicable
Frisco$5,860,0009%10 8%$586,000$442,000
Heeney$00%0 0%$0$0
Keystone$11,986,70019%25 20%$479,468$398,400
Montezuma$00%0 0%$0$0
North Summit County (rural)$00%0 0%$0$0
Peak 7$00%0 0%$0$0
Silverthorne$4,939,5008%11 9%$449,045$425,000
Summit Cove$2,506,9004%5 4%$501,380$253,450
Wildernest$2,920,9005%9 7%$324,544$254,250
Woodmoor$2,280,0004%1 1%$2,280,000data not applicable
Quit Claim Deeds$425,0001%2 0%$212,500data not applicable
TOTAL$64,539,900100.00%128100.00%$508,848$367,800
Note: Average Transaction Price & Median Transaction Price do not include Quit Claim Deed Transactions, REFI's are not included in these figures this month

Click here for a no obligation free home search for all Summit County Colorado and mountain home listings.

Jason & Deanna Long are Summit county real estate brokers with a focus on second, vacation, & investment properties.

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Breckenridge Ski Homes & Real Estate

0 commentsJason & Deanna • March 28 2008 04:31PM

Agents be carefull who you refer

As agents many of us have lists for referrals. Some may be for Contractors. Some for Handy men. But the two most common are lenders and, home inspectors.

Many of us are always looking for the best in these areas and have worked with many to hone our list to the right match for our clients. You do your job refer 3 of each and recommend the best.  Many of these professionals are fine quality people and do a fine job day in and day out.

Then it all changes!

My wife and I had purchased a house last year that was in need of renovation. We do this all too much. We have poured money into it to get it just right. Well after all was said and done we decided to re-finance for a lower rate and pull some cash back out. So who do we call one of our Mortgage Brokers we refer.

First Broker was out of state but we had done previous transactions with them and several of our clients had used them with happy results. we made the application, got the good faith estimate, and had them send over a rate lock sheet. We were on our way. But then the call 2 weeks in and the lender he was going to use would not take the loan and the other lender would but with much less cash out. So we decided to get a second opinion.

So we called up our second favorite Mortgage Broker and he says no problem I can even do better. Better rate  and the cash out we wanted. So we tepidly said lets do it. 3 weeks in and we have full approval from the lender my other mortgage broker said would not take the loan. What??? So we plow ahead excited to finally get this accomplished when we get the dreaded call " by the way the loan interest rate is going to be 1/4 point higher than what we quoted you". What again???? We have been very busy and told them to proceed but questioning the timing we were to close on the loan in days.

Well I get a call from my one of my other Mortgage brokers today (the day we are to close on our loan) just to thank me for referring another client. We strike up a conversation and what do I find out the loan we are getting is actually available through the lender we are getting it through for the rate we originally were quoted UGGG! Further more it was their standard published rate. I was in shock not 2 in a row. Not only was I approved at the original rate but they increased the fees also. 

My other lender was gracious enough to e-mail me a wholesale rate sheet from the lender we were receiving the loan from. So I call my second lender and confront them on this he says that if they did the original rate they would be losing money. This from a lender we refer clients to and is currently doing a loan for one of my clients. I confront them with the rate sheet because they continue to lie about making money on the loan. When in fact they would be making over $5,000 at the original rate and almost $13,000 with the new rate. Were not talking sub prime here, it is a full documented loan with excellent credit and using a major lender.

Then it all comes out. They need to make more money because mortgages as a whole have slowed down. So I begin to put 2 and 2 together both lenders one out of state and one not directly in our area are charging customers more to make up the difference in volume. Now I think every one should make a living. But to get a client in a dishonest manner using competitive terms and rates and then change them for your benefit is despicable.

The moral of the story is these are trying times in our business and bad morals sometimes win out over doing the right thing. Thank God this happened to me and not one of my clients.

 Be careful who you refer and do some checking sooner rather than later on who you are referring. Or you will find yourself throwing your clients to the wolves and maybe yourself with them.

 

Jason & Deanna

7 commentsJason & Deanna • March 19 2008 06:55PM

Golf course living in Summit County Colorado

Three Peaks/Eagles Nest is your doorway to the best Summit County has to offer. From the best ski resorts in Colorado to the home of the area's finest golf course. Three Peaks is one of the few developments to offer both seclusion and convenience

Nestled among 130,000 acres of pristine Rocky Mountain wilderness and the award-winning Raven Golf Club, the generous custom home sites available at Three Peaks allow your home to be striking, one of a kind and all your own. With many beautiful existing homes from condominiums to Luxury estates there is something for everyone in Thee Peaks/Eagles Nest.

Community Size: 600 acres zoned for total 334 residences or homes
Location: Summit County, Colorado

Situated at the base of the Gore Range, three miles north of I-70 (Exit 205) on the west side of Highway 9 in Silverthorne. The entire western boundary of Three Peaks backs up to the U.S. National Forest and the protected Eagle's Nest Wilderness area.

Luxury golf homesThe golf Course is just minutes from Copper Mountain in Silverthorne Colorado, and is the home of the #1 mountain golf course in Colorado, Raven Golf Club at Three Peaks. Routed through towering pines, quaking aspens, crystal clear creeks and trout filled lakes; Raven Golf Club at Three Peaks overloads the senses with Colorado's mountain beauty. Its spectacular setting and unsurpassed service is matched only by the challenging yet eminently playable Tom Lehman and Hurdzan/Fry golf course design. Lush rolling fairways, surrounded by towering stands of pine and aspen, snow capped 13,000 foot peaks, grassy wetlands and trout filled lakes attract many of Colorado's indigenous populations. Fortunately, elk, osprey, moose and eagles make for a quiet gallery.

For free Summit county Colorado area and home information click here.

The Long Group

Jason and Deanna are local Summit County Colorado Real Estate agents with a focus on second, investment, and vacation properties.

http://www.ski-homes-breckenridge.com/

 

0 commentsJason & Deanna • March 05 2008 03:27PM

Summit County Colorado Hospital Expanding

St. Anthony's birth area is expanding

On average, the hospital sees about 30 to 35 births per month with moms from Summit, Park and Lake counties, and within about six months of opening they realized the need for additional rooms.

As a result, hospital officials plan to open two more rooms by the end of the month, taking the birth center from six to eight.

When the hospital was designed, it was customized to the needs of the area.St. Anthony’s Summit County Colorado

specializing in natural childbirth this is becoming a popular option up here in the Colorado high country.


A lot of thought went into the design of the rooms to make it more family centered, the medical equipment is stored behind pictures and wheeled into the spacious room for delivery.

Six of the eight rooms have Jacuzzi tubs where moms can labor if they are interested.

Birthing positions are up to the patient to provide the utmost in comfort and options.

For Summit County homes and area Information click here

http://www.ski-homes-breckenridge.com/

 

 

0 commentsJason & Deanna • March 05 2008 02:48PM