Frisco, CO

The Town of Frisco is pleased to announce the grand opening of the new Frisco Kayak Park tonight, June 20, 2008 from 4:30 to 7:30 pm. The grand opening is located at the bridge at exit 201 in Frisco, Colorado. The event will feature the Ten Mile one mile down river race brought to you by Ten Mile Creek Kayak Shop as well as the RSN X kayak rodeo in the new play hole. RSN X will be on sight shooting an episode of Rooted. Registration and information is available at Ten Mile Creek Kayak Shop.

For information on Frisco real estate, please visit http://amonteam.com/frisco or call 970.376.3813

For information on Breckenridge, Keystone, Copper Mountain, Silverthorne or Dillon real estate, please visit http://amonteam.com/home .

A Little Help for Our Locals

Did you know that the Town of Frisco has exemptions from the 1% real estate transfer fee for locals? While the qualifications are somewhat stringent, if you are working with a local client who meets the criteria, this can be a helpful savings at closing.

In order to qualify for the exemption, the candidate(s) must meet the following criteria:

•1. A Frisco resident or worked in Frisco for the past 12 months.

•2. Must work a minimum of 30 hours a week.

•3. Assets cannot exceed $10,000 (does not include clothing, furnishings, autos, or retirement accounts).

•4. Cannot hold title to any other residential property, nor can anyone else in the household.

•5. Purchaser's household cannot earn more than 120% of the median income in Summit County.

•6. Homebuyer must apply for the exemption and supply all documentation for the purpose of qualification at least 15 business days prior to closing.

To get an idea of Median income amounts, a two person household earning $95,560 would qualify for 120% of Median. A two person household earning $90,900 would qualify for 100% of Median. A two person household earning $70,400 would qualify for 80% of Median. Depending on the applicant's income, an amount of the purchase price will not be subject to the 1% real estate transfer tax. The exemption amounts are as follows:

So a couple with a household income of $85,000 (in the 100-120% of Median), purchasing a $300,000 home would only pay the transfer tax on $200,000. Therefore, they would pay $2,000, rather than $3,000, saving $1,000.

Keep this in the back of your head (I'm sure already filled with important information), for the next time you are working with a local buyer buying in Frisco.

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.

Every time I open my home page (Yahoo), I can usually find an article that highlights the doom and gloom of the real estate market. Just today I read an article that some markets across the nation, like Phoenix, Las Vegas and Sacramento, can expect real estate prices to fall to 50% of their highest value. While I know that Summit County, and in particular Frisco, have not seen these numbers, I do recognize that we are experiencing a slow down. So, I crunched some numbers . . .

I compared sales from January through May for the last four years. Given the fact that the real estate market in many areas across the nation experienced dramatic decreases recently, I wanted to see if Frisco saw the same decrease. While Frisco has seen some decrease in the sales volume and number of transactions, the good news is that Frisco's market is holding up.

From January through May 2005, 73 residential transactions in Frisco totaled $28.9 million in sales. In 2006, the first five months of the year resulted in $35 million in sales and 73 transactions. In the first five months of 2007, $38.4 million in residential sales occurred with a total of 68 transactions. Finally, in 2008, $24.6 million in real estate sold with a total of 47 transactions.

Dollar volume in the first five months of 2008 is very comparable to the first five months of 2005. The number of transactions has decreased 30% from 2007 to 2008, from 68 to 47, the dollar amount decreased 36%. Frisco currently has 96 active residential listings and 9 pending. On June 1, 2007, Frisco had 108 active residential listings and 19 pending listings. The good news is that our inventory is low and properties are still selling. If you are a Seller, be sure to talk to a Realtor you trust. Pricing correctly will be the key to selling your property this summer. If you are Buyer, there are no steals here, but Summit County has plenty of types of properties - one will be sure to fit your needs perfectly.

The 15 Annual Colorado Barbecue Challenge will hit Main Street in Frisco, Colorado on June 13-14, 2008. Get your fill of tasty BBQ starting at 12:00 (noon) on Friday to 9:00pm and Saturday from 10:00am to 5:00pm. Over 60 BBQ teams compete for your taste buds in the biggest street picnic of the summer.

Barbecue...you name it, we grill it or smoke it!

There's more to barbecue than just ribs, chicken, pork and brisket and at last year's BBQ Challenge they served up everything from BBQ tofu to lamb stuffed sausage from jalepenos to alligator.

BBQ has something for everyone, from live music of the Kelly J Band, Delta Sonics and the Hillbilly Rockers to a mechanical bull and games for the kids. Don't miss Hambone Express and the racing pigs for family fun and unique entertainment.

We look forward to seeing you there!

To view all Frisco property for sale, visit http://amonteam.com/frisco

To view information on Frisco, Breckenridge, Copper Mountain, Keystone, Silverthorne or Dillon real estate, visit http://amonteam.com/summit_county or call The Amon Team at 970.376.3813.

The Marina at the lake may still be closed, but Friday marked the opening of ballfields, the disc golf course and the skate park at the peninsula recreation area.

Skate park improvements are scheduled for late July or early August. The park will be closed for one week this year due to these improvements but they should really enhance the Skate Park.


Rules & hours of the park are: Dogs must be on a leash; pack out all trash; the peninsula hours are 6 a.m. to 10 p.m, seven days a week.

Information about Frisco Colorado