Frisco, CO

Water Tower Place

A total of 43 units. 1, 2 & 3 bedroom floorplans. 8 of those units will be affordable housing. 35 will be sold at market value. 11 units are currently available ranging from $645,000 to $1,045,000. I am told the remaining units will be offered at Phase 2 of this project's release. So, not all units are listed for sale at the moment. The entire project consists of 3 separate buildings; A, B and C. A & B buildings will both have superior views out to the east; Continental Divide & Lake Dillon views. Building C will be somewhat eclipsed by the B Building. By the way, building A will have some light retail shops on the ground level. My understanding is that the project is scheduled for completion early summer of 2009. I can tell you they are working feverously on the project and Building B will be close to being able to walk very soon.

As far as pricing, the developer has determined this pricing now is indeed, pre-released pricing. Honestly, as the market stands today, I would not expect them to raise prices significantly in the near future. However, that is hard to determine. The developer is offering an incentive for the next 3 properties placed under contract. This incentive consists of an entire outdoor furniture and hot tub package with a value of approximately $20,000. A contract requires 5% down in an earnest money deposit.

Search all Frisco Real Estate For Sale at http://amonteam.com/frisco

Listing is courtsey of Slifer Smith and Frampton

I've become more interested in analytics over the past few weeks. To be honest, analytics hadn't been important to me cuz let's face it, when no one is reading, there is nothing to measure.

One of the first things I've noticed is referral 'traffic' to my website. Not shockingly, my traffic is referred by other social networks that I participate in like LinkedIn & Twitter. However, I'm also getting referrals from ActiveRain. Since I hadn't put any effort into ActiveRain before, I decided it would be fun to test it out.

Now that REBlogWorld #1 is in the history books, I'll be expanding my blogging efforts. Today I discussed Twitter Strategy at JBinFrisco. On AR, I'll be writing about how I'm building my business online. I conduct 100% of my business online. I avoid traditional tactics but not traditional strategy. There is a difference.

I'm a virtual mortgage originator. You can read about me over on my blog at the J. Berman Group website. See you around. JB

Frisco Sold Transactions - Price Band Comparison

A number of people have been asking me whether homes in certain price ranges are selling better than others in Frisco. From an anecdotal perspective, I know that the townhomes I have listed at Fifth and Belford, in the $900's, have much fewer showings than similar properties I had listed last year.

I compared the number of sold transactions in different price bands from January 1 to August 25 (the day I'm writing this article) for the years 2007 and 2008. Here are the results:

Sales of properties under $500,000 have been least affected by the market slowdown, showing a decrease in number of transactions of 27%. Properties over $500,000 to $1 million have seen a much greater percentage slowdown from 65 to 78% less sales than last year. Sales over $1 million in Frisco total four in each year, not making a great statistical analysis.

Some good news is that as of the date of this article, there are 19 pending properties in Frisco. Eleven are listed under $500,000, continuing to confirm that lower priced properties are continuing to move. Five pending listings have list prices between $500,000 and $750,000. Two are listed between $750,000 and $1,000,000 and one property is listed at $1,650,000. We also all know that September and October are huge months for closings, so hopefully the numbers will continue to increase.

Amy Nakos, Landmark Real Estate Group, LLC, Frisco, CO

Water Tower Place will be Frisco's first certified Green Project. This new development is located at the corner of Summit Boulevard and Granite Street. It will feature 15 luxury residences with private garages, 2 Bedroom, 2 bath residences from the $600,000's and 3 Bedroom, 3 bath residences from the $950,000's. Steps to Frisco Marina & Main Street with Stunning Mountain and Lake Views.

Please view additional information at http://amonteam.com/water_tower_place

View all FRISCO PROPERTIES FOR SALE AT http://amonteam.com/frisco

I have lived in Summit County for five years. During this relatively short time, I have seen numerous changes to my hometown Frisco. As a real estate broker, I know that I should take the advice from Charles Darwin: "It is not the strongest of the species that survives, nor the most intelligent, but the one most responsive to change." Here is my update on new Frisco multi-unit projects which will continue to change the landscape of the town.

A new commercial and residential condominium development called Latitude 39 will be built at the northwest corner of 4^th and Granite Streets. There will be seven residential condos, two with elevators. A one bedroom is listed at $645,050 and a three bedroom is listed at $1,320,000.

Forty-three total units are slated for development at the old Frisco Crossroads location at the corner of Highway 9 and Granite Streets. The name will be Water Tower Place and it will built to LEED green standards. The first phase will include eleven market townhomes. The second phase will be condominiums/flats including penthouses and elevators.

Two new construction duplex projects are also in the works. Located at 2 Miners Creek Road, the Miners Creek Duplexes, four units total, are 3 bedroom 3.5 baths and almost 2,900 square feet. All are priced at $1,298,250. Another duplex project located at 414 and 416 Teller Street and 311 and 313 Fifth Avenue is called The Reserve at Teller. All four units are 3 bedroom, 3.5 bath, and range in size from around 2,172 to 2,562 square feet. Pricing ranges from $944,820 to $1,101,660.

A new triplex located at the Northeast corner of Seventh and Belford streets is also in the works. These units are all over 2,900 square feet and have 3 bedrooms, 3 full baths, and 2 powder baths. The official addresses of these units are 514 and 516 7^th Avenue and 707 Belford.

The Mason Glen Towne Homes, located on Third Avenue and the Teller Alley are almost complete but not yet listed as of thee time this article was due. These are four townhome units, with both three and four bedrooms.

That puts my count up to 65 new units coming into Frisco in the next couple years. I also recognize that I am probably missing some new developments!! Hopefully this information will help you to evolve your real estate business and be on the cutting edge of new Frisco projects.

*Information regarding the featured properties were obtained from Summit MLS and from the respective listing brokers.

Authored by Amy Nakos, JD, CLHMS, Owner/Managing Broker, Landmark Real Estate Group, LLC, 111 Main Street, Frisco, CO 80443, 970-668-1430 office, 970-389-8388 cell, anakos@landmarkregroup.com.