Single-Family Homes for Sale in Summit County, Colorado.
FINALLY some good news. New market data for Single-Family Homes in Summit County Colorado. Last month in October we were UP 9% from October of 2008. If things keep going this well we could might be looking at the average price for single-family homes to remain over $1 million this year for the 1st time EVER! That would be amazing. 
If you compare single-family homes average prices over the last 10 years you will see a steady increase. Shoulda, coulda, woulda! With markets like these everyone always wishes they would have bought last year. The smart ones are the one that buy and then look back 5 or more years from now and thank God they did!
Everyone knows that places like Aspen and Vail are "Built Out". This means that most or all or the area to build new single-family homes are gone and the only left to do is keep raising the prices! Summit County and more so Breckenridge for that matter is still about 7 years or so away from that. So put your thinking caps on and do-the-math! Look at the track record. Then look at what has happened to other areas just like it. In this case, 70% or higher "second home" market, 
with condos and single-family homes for sale. You let me when it is better to buy, now or in the future??? Pretty simple answer. Don't get me wrong, I know times are tougher. If you don't have the money or credit there's not much you can do. But for those that have the available funds, YOU ARE MISSING OUT! The ship hasn't sailed yet but everyone is boarding so you should too! It's only a matter of time before the single-family homes you are looking for are now out of your price range. Over the past 8 months we did start to see prices drop. A little! The second home market is now like the rest of the country. For the most part single-family home owners here don't have to sell. So in a down market their just not going to bend. Good news is that this type of area and market has been proven to hold it's value better then the rest.
If you are one of the many buyers out there that want to buy and are able to buy. Now is the time! Look at the data. I know it's hard when your on the fence because you don't want to buy and 3 months later see that you could have gotten it cheaper but we are at the tipping point. Look at the data!!!! If you need help or just have basic questions just call one of our experienced and qualified real estate agents at Ten Peaks Sotheby's International Realtyand we will be glad to guide you in the right direction for you and your family.
