Click on the link below to see the good deals!
RES - Client Detail Report
 |
| www.123rf.com - photo credit. |
Showing posts with label good deals. Show all posts
Showing posts with label good deals. Show all posts
Wednesday, November 14, 2012
November 2012 Summit County Colorado Good Deals
The good deals are disappearing. For many months now I have been featuring good deals by pulling out of our MLS those listings that are bank owned, foreclosures, REO, short sales, along with those that have motivated sellers and say "bring all offers." In the past I would have as many 75 properties in the search. This month, there are 14. While there still are good deals to pick up, it's like being 2 hours late to the Filene's Basement Annual Bridal Sale. What's left are the ugly dresses or those that need a lot of work.
Click on the link below to see the good deals!
RES - Client Detail Report
Click on the link below to see the good deals!
RES - Client Detail Report
Tuesday, September 18, 2012
Good Deals September 2012 - Summit County Colorado Real Estate
September good deals feature Bank
Owned, REO, Foreclosures and Short Sales along with Motivated
Sellers! If you are looking for a great deal in Summit County,
start here!
As I mentioned above, the good deal list is
SHRINKING!!!! Act now or forever hold your peace.
RES - Client Detail Report
Monday, August 13, 2012
Good Deals - August 2012 - Summit County Colorado Real Estate Deals
I have been featuring short sales, foreclosures, bank owned, and motivated sellers for many months now. The number of properties in this search continue to dwindle as time wears on, indicating that the distressed properties in Summit are being absorbed into the inventory.
August 2012 Good Deals
August 2012 Good Deals
 |
| image from askdeb.com |
Monday, July 2, 2012
Summit County Colorado Real Estate Good Deals - July 2012
We all love good deals don't we? For this month's good deals featuring short sales, foreclosures, and motivated sellers, click here: July 2012 Good Deals - Summit County Real Estate.
Amy Nakos, JD, GRI
Your Castle Summit, LLC
anakos@yourcastle.org
970-389-8388
 |
| compliments of http://www.prosperityforlife.net/ |
Amy Nakos, JD, GRI
Your Castle Summit, LLC
anakos@yourcastle.org
970-389-8388
Thursday, April 5, 2012
Good Deals - Summit County Real Estate April 2012
Tuesday, March 13, 2012
Summit County Real Estate DEALS for March 2012
Bargain hunters - I know you want a good deal. In Summit County real estate, here are the good deals for March 2012.
Click Here for Good Deals
Click Here for Good Deals
Tuesday, February 14, 2012
Good Deals - Summit County Real Estate February 2012
Hello Summit County fans! If you haven't been up here for great skiing and riding, you better make plans - resorts close in a couple months!
If you want to browse the good deals in real estate in Breckenridge, Frisco, Copper Mountain, Keystone, Dillon, Silverthorne and Blue River, Click here for great deals - Feb 2011.
If you want to browse the good deals in real estate in Breckenridge, Frisco, Copper Mountain, Keystone, Dillon, Silverthorne and Blue River, Click here for great deals - Feb 2011.
Monday, January 9, 2012
Summit County Colorado Good Deals for January 2012
Each month I feature good deals in Summit County Colorado Real Estate. Follow this link to see them!
http://summit.mlxchange.com/DotNet/Pub/EmailView.aspx?r=27628316&s=SUM&t=SUM
Happy New Year!
Amy Nakos, JD, GRI
Your Castle Summit Real Estate
anakos@yourcastle.org
970-389-8388
http://summit.mlxchange.com/DotNet/Pub/EmailView.aspx?r=27628316&s=SUM&t=SUM
Happy New Year!
Amy Nakos, JD, GRI
Your Castle Summit Real Estate
anakos@yourcastle.org
970-389-8388
Summit County Colorado Foreclosure Statistics November 2011
Summit County Foreclosure Update for November 2011
In November 2011 there have been 56 foreclosure actions; 29 with fee simple (100%) ownership, and 21 for timeshares. In November the Summit County Treasurer’s Office issued 33 Public Trustee’s Deeds - 9 for fee simple ownership, and 20 for timeshares; the other 4 are unknown.
The breakdown of the type of foreclosure actions for 2011 is as follows. There have been 302 Notice of Election and Demands which is the first step in the foreclosure process. This starts the foreclosure timeline and is not yet a sale of the property. There have been 12 Certificate of Purchase actions which is where the Public Trustee offers the property at public auction. Any purchaser must pay more than the debt itself owed to the lien holder filing the foreclosure action plus any fees. The purchaser has the duty to research whether there are any other outstanding liens on the property. There have been 209 Public Trustee's Deeds in 2011. This is the stage of the process where the holder of the Certificate of Purchase obtains ownership of the entity.
In terms of property types, 152 single family homes, 130 multifamily units, 14 parcels of vacant land, 6 developments, 7 commercial properties, 47 unknown actions, and 167 timeshares in Summit County had foreclosure actions filed against them so far in 2011. Two hundred and twenty-five are in Breckenridge (but note, that all timeshares are in Breckenridge). Forty are in Blue River and Silverthorne each, 26 each in Keystone and Wildernest, and 23 in Dillon Valley.
In looking back at foreclosure statistics in Summit County, 2009 had 300 NED’s, and 86 Public Trustee Deeds issued. The year 2010 had 367 NED’s and 148 Public Trustee Deeds issued.
If you have any questions about short sales, bank-owned properties, or foreclosures in Summit County, Colorado, please email me at anakos@yourcastle.org, or call me at 970-389-8388.
In November 2011 there have been 56 foreclosure actions; 29 with fee simple (100%) ownership, and 21 for timeshares. In November the Summit County Treasurer’s Office issued 33 Public Trustee’s Deeds - 9 for fee simple ownership, and 20 for timeshares; the other 4 are unknown.
The breakdown of the type of foreclosure actions for 2011 is as follows. There have been 302 Notice of Election and Demands which is the first step in the foreclosure process. This starts the foreclosure timeline and is not yet a sale of the property. There have been 12 Certificate of Purchase actions which is where the Public Trustee offers the property at public auction. Any purchaser must pay more than the debt itself owed to the lien holder filing the foreclosure action plus any fees. The purchaser has the duty to research whether there are any other outstanding liens on the property. There have been 209 Public Trustee's Deeds in 2011. This is the stage of the process where the holder of the Certificate of Purchase obtains ownership of the entity.
In terms of property types, 152 single family homes, 130 multifamily units, 14 parcels of vacant land, 6 developments, 7 commercial properties, 47 unknown actions, and 167 timeshares in Summit County had foreclosure actions filed against them so far in 2011. Two hundred and twenty-five are in Breckenridge (but note, that all timeshares are in Breckenridge). Forty are in Blue River and Silverthorne each, 26 each in Keystone and Wildernest, and 23 in Dillon Valley.
In looking back at foreclosure statistics in Summit County, 2009 had 300 NED’s, and 86 Public Trustee Deeds issued. The year 2010 had 367 NED’s and 148 Public Trustee Deeds issued.
If you have any questions about short sales, bank-owned properties, or foreclosures in Summit County, Colorado, please email me at anakos@yourcastle.org, or call me at 970-389-8388.
Friday, December 2, 2011
Good Deals Summit County Real Estate 12-1-11
Each month I provide Summit County Real Estate good deals. These listings contain short sales, foreclosures, bank owned, along with motivated sellers and sellers who are asking to "bring all offers!" If you are interested in seeing the best deals in Summit County, this is the place to start.
For more information on any of these properties, please contact me at 970-389-8388 or anakos@yourcastle.org.
For more information on any of these properties, please contact me at 970-389-8388 or anakos@yourcastle.org.
Wednesday, November 2, 2011
Good Deals - Summit County Real Estate - 11-1-11
Who doesn't like a great deal!? Each month I feature good deals in the Summit County Colorado real estate market. This month features bank owned, short sales, foreclosures, and motivated sellers.
click below to see the good deals!
http://summit.mlxchange.com/DotNet/Pub/EmailView.aspx?r=1100444076&s=SUM&t=SUM
For more information on Summit County Real Estate, you can email me at anakos@yourcastle.org or call me at 970-389-8388.
You can also search Summit County MLS for Free using this link:
http://search.amynakos.summit.mlxchange.com/
click below to see the good deals!
http://summit.mlxchange.com/DotNet/Pub/EmailView.aspx?r=1100444076&s=SUM&t=SUM
For more information on Summit County Real Estate, you can email me at anakos@yourcastle.org or call me at 970-389-8388.
You can also search Summit County MLS for Free using this link:
http://search.amynakos.summit.mlxchange.com/
Friday, August 12, 2011
Summit County Colorado Real Estate Market Conditions - August 2011 Update
Real Estate Statistics
June numbers flat over May.
Increase in Pending Properties.
June 2011 had a total of 85 residential improved transactions, up only 1 from May 2011. Total residential dollar volume in June was $46.7M, down $2M from $48.7M in May, a decrease of 4%.
While residential volume saw a decrease, looking at all types of properties, June showed a dollar volume increase over May. Dollar volume for all types of property however went up from May’s $56.1M to June’s $65.7M. June transactions included almost $20M of non-residential transactions. Total number of transactions in June for all types of real estate was 104, down 3 from May’s 107.
Total dollar volume on all types of transactions decreased year over year: June 2011 closed with $65.7M and June 2010 closed with $83.8M – a decline of 22.5%. July 2011 residential sales from our MLS indicate 77 residential properties sold with dollar volume at $34.2 million – a substantial decline for a summer month that historically has seen more dollar volume.
The price point with the most activity in June is the $200,000-$200,000 with 17 sales. In second place is the $300,000-$400,000 with 14 sales followed by the $400,000-$500,000 and $500,000 to $600,000 price points with 10 sales each. Ten sales over $1 million closed in June a decrease from the 14 sales in both April and May.
Average prices from 2006 to 2010 are below; 2011 numbers reflect year to date.
Single Family Homes:
2006 - $737,253
2007 - $798,889
2008 - $835,803
2009 - $905,030
2010 - $770,797
2011 - $792,010 ($780,637-May, $764,853-April, $710,227-March)
Multi Family:
2006 - $333,501
2007 - $406,529
2008 - $463,633
2009 - $398,051
2010 - $425,080
2011 - $399,832 ($409,389-May, $409,960-April, $401,769-March)
Vacant Land:
2006 - $311,951
2007 - $391,587
2008 - $470,260
2009 - $399,025
2010 - $336,625
2011 - $261,398 ($261,997-May, $285,563-April, $252,583-March)
As of August 1, 2011, there are 1,832 residential properties for sale, up only 7 from last month. Most of the summer inventory is already on the market, but you can always expect a few new properties to come on the market at any time. The total dollar value of current inventory is $1.29 billion. As of the same date there are 423 land listings, up 6 from last month.
With respect to residential listings, average days on the market is 261; median days on the market is 132. Days on market increased this month because of much less new inventory entering the market.
Our MLS is showing 171 residential properties currently Pending, up 42 from June. Total dollar volume of pending properties per list price is $91.7 million. Pending properties have showed an increase corroborating an increase in summer sales activity. However, with only $91.7 million pending in Summit County, the selling season for 2011 will likely not show any signs of improvement over 2010.
According to Summit County assessor data there are 25,660 residential properties and 2,564 pieces of vacant land. When looking at inventory for sale, 7.1% of residential properties are for sale and 16.4% of vacant land parcels are for sale. Industry experts say that a healthy market has less than 10% inventory.
Industry experts also say that more than 6 months of inventory is a sign of a weak or “buyers” market. With 85 residential properties selling in June and inventory of 1,832, it will take 21.5 months to sell the entire residential inventory. Now, while there might be less than 10% of properties for sale, the lack of buyers can make for a long holding time.
Below are the total dollar amounts of sales in June from 2004 to 2011:
June 2004 $111.7M
June 2005 $112.2M
June 2006 $162.7M
June 2007 $141.8M
June 2008 $92.5M
June 2009 $34.0M
June 2010 $83.8M
June 2011 $65.7M
Total Dollar Volume for 2004-2010 is as follows:
2004 $1.12B
2005 $1.47B
2006 $1.63B
2007 $1.63B
2008 $1.06B
2009 $683M
2010 $698.4M
The year 2006 had the most dollar volume totaling $1,637,874,800.
What does all of this mean to you?
June residential numbers did not impress - instead it was even less than May – a historically low month! July residential closings, according to the MLS, show yet another decline. As I mentioned a couple months ago in this newsletter, this summer was going to be a barometer of how the Summit County real estate market is faring. Unfortunately, it is not picking up, instead it appears to be continuing a slow road downward. Can August transactions save the summer? We will have to see.
Last month, I provided the following historical graphs, but for those of you who didn’t see them, I am going to print them again.
Looking big picture at Summit County Real Estate, Summit has experienced great appreciation over the last 20 years. Recently, average prices have declined around 16%. An interesting side note, the property value reassessments also showed an average of a 16% decline in price. (While people don’t always agree with their property tax valuation, the Assessor’s formula has proven to be accurate with real MLS sales data.)
Sales volume is down 63% from the height of 2006. This factor is the biggest change in our market creating an over-supply and under-demand for Summit County real estate, putting downward pressure on pricing. Sales are steady if not slowing, but surely not increasing. With months of inventory close to two years, it is still a buyer’s market and depending on which neighborhood you want, it could be the perfect time to buy.
To the Sellers out there: Depending on the type of property you own, my advice may differ slightly. In no circumstances are you in the driver’s seat of getting the price you were told it was worth in 2007, but some property types and sectors are performing better than others. With a fairly nice inventory of distressed properties (See Good Deals Section!), in order to sell, properties must be priced aggressively and show beautifully to have a chance to sell. Given absorption numbers, only one in 22 properties is selling each month. How are you going to ensure your property is that one?
To the Buyers out there: My advice has not really changed – although I know you are wondering if we have hit the bottom. I would say we are in the bottom zone, but you never know when the bottom has hit until it’s over. I thought this summer would provide more sales than it has which means there are probably anxious sellers out there. Within this buyer’s market, you can find the right property for a price that we haven’t seen in years. Note that more competition exists in the under $400,000 market.
Amy Nakos, JD, GRI
Your Castle Summit
www.yourcastle.org
anakos@yourcastle.org
June numbers flat over May.
Increase in Pending Properties.
June 2011 had a total of 85 residential improved transactions, up only 1 from May 2011. Total residential dollar volume in June was $46.7M, down $2M from $48.7M in May, a decrease of 4%.
While residential volume saw a decrease, looking at all types of properties, June showed a dollar volume increase over May. Dollar volume for all types of property however went up from May’s $56.1M to June’s $65.7M. June transactions included almost $20M of non-residential transactions. Total number of transactions in June for all types of real estate was 104, down 3 from May’s 107.
Total dollar volume on all types of transactions decreased year over year: June 2011 closed with $65.7M and June 2010 closed with $83.8M – a decline of 22.5%. July 2011 residential sales from our MLS indicate 77 residential properties sold with dollar volume at $34.2 million – a substantial decline for a summer month that historically has seen more dollar volume.
The price point with the most activity in June is the $200,000-$200,000 with 17 sales. In second place is the $300,000-$400,000 with 14 sales followed by the $400,000-$500,000 and $500,000 to $600,000 price points with 10 sales each. Ten sales over $1 million closed in June a decrease from the 14 sales in both April and May.
Average prices from 2006 to 2010 are below; 2011 numbers reflect year to date.
Single Family Homes:
2006 - $737,253
2007 - $798,889
2008 - $835,803
2009 - $905,030
2010 - $770,797
2011 - $792,010 ($780,637-May, $764,853-April, $710,227-March)
Multi Family:
2006 - $333,501
2007 - $406,529
2008 - $463,633
2009 - $398,051
2010 - $425,080
2011 - $399,832 ($409,389-May, $409,960-April, $401,769-March)
Vacant Land:
2006 - $311,951
2007 - $391,587
2008 - $470,260
2009 - $399,025
2010 - $336,625
2011 - $261,398 ($261,997-May, $285,563-April, $252,583-March)
As of August 1, 2011, there are 1,832 residential properties for sale, up only 7 from last month. Most of the summer inventory is already on the market, but you can always expect a few new properties to come on the market at any time. The total dollar value of current inventory is $1.29 billion. As of the same date there are 423 land listings, up 6 from last month.
With respect to residential listings, average days on the market is 261; median days on the market is 132. Days on market increased this month because of much less new inventory entering the market.
Our MLS is showing 171 residential properties currently Pending, up 42 from June. Total dollar volume of pending properties per list price is $91.7 million. Pending properties have showed an increase corroborating an increase in summer sales activity. However, with only $91.7 million pending in Summit County, the selling season for 2011 will likely not show any signs of improvement over 2010.
According to Summit County assessor data there are 25,660 residential properties and 2,564 pieces of vacant land. When looking at inventory for sale, 7.1% of residential properties are for sale and 16.4% of vacant land parcels are for sale. Industry experts say that a healthy market has less than 10% inventory.
Industry experts also say that more than 6 months of inventory is a sign of a weak or “buyers” market. With 85 residential properties selling in June and inventory of 1,832, it will take 21.5 months to sell the entire residential inventory. Now, while there might be less than 10% of properties for sale, the lack of buyers can make for a long holding time.
Below are the total dollar amounts of sales in June from 2004 to 2011:
June 2004 $111.7M
June 2005 $112.2M
June 2006 $162.7M
June 2007 $141.8M
June 2008 $92.5M
June 2009 $34.0M
June 2010 $83.8M
June 2011 $65.7M
Total Dollar Volume for 2004-2010 is as follows:
2004 $1.12B
2005 $1.47B
2006 $1.63B
2007 $1.63B
2008 $1.06B
2009 $683M
2010 $698.4M
The year 2006 had the most dollar volume totaling $1,637,874,800.
What does all of this mean to you?
June residential numbers did not impress - instead it was even less than May – a historically low month! July residential closings, according to the MLS, show yet another decline. As I mentioned a couple months ago in this newsletter, this summer was going to be a barometer of how the Summit County real estate market is faring. Unfortunately, it is not picking up, instead it appears to be continuing a slow road downward. Can August transactions save the summer? We will have to see.
Last month, I provided the following historical graphs, but for those of you who didn’t see them, I am going to print them again.
Looking big picture at Summit County Real Estate, Summit has experienced great appreciation over the last 20 years. Recently, average prices have declined around 16%. An interesting side note, the property value reassessments also showed an average of a 16% decline in price. (While people don’t always agree with their property tax valuation, the Assessor’s formula has proven to be accurate with real MLS sales data.)
Sales volume is down 63% from the height of 2006. This factor is the biggest change in our market creating an over-supply and under-demand for Summit County real estate, putting downward pressure on pricing. Sales are steady if not slowing, but surely not increasing. With months of inventory close to two years, it is still a buyer’s market and depending on which neighborhood you want, it could be the perfect time to buy.
To the Sellers out there: Depending on the type of property you own, my advice may differ slightly. In no circumstances are you in the driver’s seat of getting the price you were told it was worth in 2007, but some property types and sectors are performing better than others. With a fairly nice inventory of distressed properties (See Good Deals Section!), in order to sell, properties must be priced aggressively and show beautifully to have a chance to sell. Given absorption numbers, only one in 22 properties is selling each month. How are you going to ensure your property is that one?
To the Buyers out there: My advice has not really changed – although I know you are wondering if we have hit the bottom. I would say we are in the bottom zone, but you never know when the bottom has hit until it’s over. I thought this summer would provide more sales than it has which means there are probably anxious sellers out there. Within this buyer’s market, you can find the right property for a price that we haven’t seen in years. Note that more competition exists in the under $400,000 market.
Amy Nakos, JD, GRI
Your Castle Summit
www.yourcastle.org
anakos@yourcastle.org
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