The Question of a Recession

The Question of a Recession 

I often get asked if we are facing a recession.  And even if my clients don't use the word "Recession," they ask whether we can expect any price softening in the Summit County Real Estate Market.

While I don't have the crystal ball of what is going to happen in our market, I can tell you that in 4 of the last 5 recessions, the Denver market didn't see housing prices drop.  In fact, it was only the recession of 2007 where Denver saw a 16.3% decline in real estate pricing.  Summit County saw an 18% drop during that recession.  In all other recessions, the Denver market saw an INCREASE in housing appreciation.

We have since recovered the 2007 recession losses in Summit County and Denver and our values have exceeded the pre-recession highs.  

With ever increasing population growth in the Denver/Front Range area, the demand for mountain resort and second homes will remain high.  If you are interested in learning more about ski resort real estate in Summit County, please reach out!

Are We in a Recession? If you have buyers who believe we are going through a recession, please inform them that it is NOT TRUE. If there is a natural recession, home prices would have started to decrease. In fact, CoreLogic found that homes all across the U.S. have appreciated in three of the last five recessions. We conducted the same research on Denver Homes and prices have appreciated in four of the last five recessions. What does this mean? Recession does NOT equate to a Housing Crisis! Housing appreciation rates during recessions

Amy Nakos, JD, GRI, RSPS, CLHMS

970-389-8388

anakos@yourcastle,org

amynakos.com

3Q 2019 Summit County Real Estate Update

Check out my 3Q 2019 Real Estate Update!
Newsletter Link

If you would like the full data packet for Summit County Real Estate, please reach out to me at anakos@yourcastle.com

Showing Property with Kids - Through the Eyes of a Child

Showing Property with Kids
Through the Eyes of a Child

I have been showing people property for 15 years.  Some of my favorite experiences have been families with kids.  And some of my least favorite experiences have been families with kids.  

Now, I have kids of my own, so I have seen every form of bad behavior.  I understand temper tantrums, snack breaks, wetting pants, falling and crying, wanting to jump in the pool, climbing on and in bunk beds, and touching everything in someone else’s home . . . sometimes with dirty hands.  I once had a little boy break some figurine on a shelf as he slid his arm across the entire table.  Oops. 

But the youthful energy and the innocent questions make me love working with kids.

Kids get bored looking at properties.  It’s a long day of getting in and out of the car, listening to some real estate person talk about short term rental income, earnest money, furniture, garages, radon, blah, blah, blah.  They want to know if there is a park, pool, or ski run nearby.  They want to run.  They want to play.  They also usually want a snack.  

I’ve often wondered what a day of real estate showings is like for a kid. Recently, I got to work with a family with two little boys, ages 7 and 8.  I personally am partial to little boys.  I have two boys so I feel like I understand them.  These little men have a great mom who came prepared.  She gave them the “job” of taking photos to remember the places and to show their dad who was at work on the day we looked. I asked her whether it would be OK if I shared some of their photos.  These are the choice picks from the 8 year old.   

Now you get to see what a day of real estate showings looks like to an 8 year old boy.

We don’t know whose car this is.

But it feels kind of "spy like" as he shoots the photo through the blinds of the upstairs bedroom.

The listing broker did not think to feature the bear soap dispenser.  

Little boys like bunk beds. Period.

This is actually me. I think he thought he was getting my good side.   Haha.

This is a stuffed bear in the home they actually decided to purchase.  The kicker with this bear is that it was in the direct vision of security cameras that were on.  I noticed the cameras as the kids were crawling on the bear so we quickly stopped “riding “ the bear.  

Yes, Breckenridge is winter fun for all!

This is the inside of the refrigerator.  The buyer asked me if a place was occupied, and I said you can tell by looking in the fridge.  So, our little photographer opened the refrigerators to see if anyone lived in the units we saw.

I mentioned that I loved fast cars.  So check out this fancy Porsche!

I can’t tell you what we have here.

The mountains are a place where families create lifetime memories.  And sometimes, kids get the special treat of being able to shop with their parents for the place they will enjoy for many years to come!

If you are shopping for mountain real estate, and have little ones, feel free to bring them along!  With snacks and a camera of course.

#investinsummit
#amynakos

The New Seasons at Keystone Update!

The New Seasons at Keystone Update

August 22, 2018

It is beautiful summer at The New Seasons at Keystone in Keystone Colorado.

We are pleased to announce that we have five properties under contract!  All of the one bedroom condos are under contract and a three bedroom unit is also under contract.  Welcome to all the new future owners at The New Seasons at Keystone - we look forward to working with you through the process of delivering your new construction condo next year.

We have 11 units left with two bedrooms starting at $599,000 and three bedrooms starting at $799,000.  Here is our current pricing and availability:

Excavators are on site!  We are anticipating unit delivery starting Summer to Fall next year (2019). We will provide more frequent updates on our Facebook page so follow us there:  https://www.facebook.com/newseasonsatkeystone/

We have two different finish choices for our buyers:  Rustic and Mountain Modern.  Here are the finish boards created with the assistance of an interior designer - you will see the Rustic has warmer tones while the Mountain Modern has gray tones.  Whether you are Rustic or Mountain Modern, rest assured that your unit will be beautiful upon completion!

For a complete marketing packet, click here:  The New Seasons at Keystone Marketing Packet

If you would like to discuss this project more, please reach out to:

info@newseasonsatkeystone.com or call 970-368-2797.

Be the First to Know about NEW Keystone Condo Construction at Pre-Construction Pricing

I'm going to let you in on a secret.  At this time, only people within my network and those who follow me on social media will know about this.  If you want to be the FIRST TO KNOW about new construction condos in Keystone, Colorado then today is your day!

SIGN UP FOR THE FIRST TO KNOW LIST

We are finalizing all the details and will make an official announcement very soon.  If you want to know how you can get a new construction condo in Keystone at pre-construction pricing, then sign up for the First to Know List!  These properties are NOT in the MLS yet, and they have not been released to the brokerage community.  This is your opportunity to be first in line to receive information on this fantastic new project.  We will be offering one, two and three bedroom condos starting under $400,000.   Yes - new mountain construction under $400,000!

Announcing, The New Seasons at Keystone.

Long awaited, The New Seasons at Keystone is the first condominium project in Keystone since 2002 when the original Seasons at Keystone was built.  The New Seasons at Keystone is the second phase to the original Seasons at Keystone, completing the project by adding forty condominium units to the existing thirty-two. This second phase will offer new construction contemporary condominiums including one, two and three bedroom units.  The exterior of the new buildings will resemble and compliment the existing Seasons at Keystone buildings.  The interiors have been re-thought and re-configured for today’s discerning consumer. 

Shoot me an email at anakos@yourcastle.org with the Message: First to Know.

And keep living the dream!

Amy Nakos, JD, GRI, CLHMS, RSPS

(What do all those letters mean?  They mean I've been a real estate professional for a long time!!)

Summit County Colorado Real Estate Update Q1 2018

It's time for my quarterly newsletter and this month I'm featuring a sneak peek into a new development project in Keystone Colorado.

You will want to get on the First to Know List!

You can hear my podcast on Denver Real Estate Investing.

You can check out my fantastic listings, read about market conditions, and just plain read stuff I wrote.  What could be better?

LINK TO QUARTERLY NEWSLETTER

Until next time, keep living the dream!

Amy

Live Webinar on Summit County Real Estate Investment!

https://register.gotowebinar.com/register/1359813698196353283

On March 14, 2018 at 1:00 pm, join me for a LIVE webinar on all things Summit County (and Mountain Resort) real estate investment. Registration link is above and below!



Many people live in Denver for the mountain lifestyle but the reality of driving I-70 on a Saturday or Sunday can make day trips almost unbearable. If you have ever wondered about the realities of buying, owning, renting and selling a mountain property, then this episode is for you. Amy Nakos, a Summit County Real Estate professional for over 15 years, will discuss general considerations in mountain resort properties and then take the audience through two investment examples of actual properties in Summit County. Learn how you can own a piece of the dream, offset your expenses with rental income, and create memories with your friends your family . . . that don’t include sitting in stopped traffic! Specific topics we will cover are: - Mountain Market Trends - Considerations for purchasing a second home in a resort - Homeowner’s Associations - Short Term Rentals v Long Term Rentals - AirBNB/VRBO v. Property Management Companies - Buying and owning with friends - New Construction and Developments - Investment Property Operating Data x 2 Guest: Amy Nakos lives in Frisco, Colorado where she has been a real estate professional since 2003. She and her husband own and operate a mixed use commercial and residential property that they purchased out of foreclosure and have also developed a new construction four-plex. She is the managing broker of Your Castle Summit LLC, and is also a licensed Colorado attorney. She loves helping her clients build wealth through real estate and especially enjoys sharing her love for her community. She spends her free time with her husband Darren, her two sons Tyler and Max, and her dog, Chester and enjoys skiing, biking, hiking, fine wine, trying to golf and being outdoors.

Register: https://register.gotowebinar.com/register/1359813698196353283


This is the intro slide to the webinar! I chose some photos of the family, my dog, me skiing powder (actually just posing in powder), and of course the business shot against the blue wall!!