Breckenridge Update

19 Years of Inventory in Breckenridge Condo Complex!

This past Wednesday I went on a Broker Open House Tour.  There were so many condos on the tour I ran out of time before I could see them all.  The tour was in Main Street Station (at the south end of Breckenridge).  Here is the data: There are 19 condos for sale and 1 sold in the past year.  The 1 condo that sold was on the market for $420,000 and it sold for $360,000.

Love life, Daniel Webster Johnson
Realtor and Breckenridge CO real estate blogger
970-393-3300

Cash Buyer in Breckenridge & Market Update

Yesterday I spent showing property.  Telling you a bit about the Buyer, Robert, I believe, will give you a feel for the Buyers in the market.  Robert is a small business owner from Denver.  I met him first in September 2006 outside my office.  Back then he said "I am waiting for a deal".  I have updated him on the market about every two months since then.
 
Finally Robert is looking.  He has $2.5mil in the bank and willing to close within ten days or less.  Robert is typical of the Buyers today because 1) he is extremely well-informed on the market, 2) he feels he 'has the upper hand' and 3) he is shopping for "a deal".
 
Here is the weekly update:
·        A single-family home went under contract Wednesday - closing in January 2009.
·        Today we 'reconfirmed' a contract on a home.  There were several defects in the home.  After three weeks of negotiations, we are now on track to close just before Christmas.
·        I expect a small number of additional properties to go under contract and close in 2009.

Love Life,
Daniel Webster Johnson, Broker Associate

facebook: Daniel Webster Johnson
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Buyers: Ready to Pounce???

Buyers are getting great deals. Watch out for the following myths.

Myth  #1 – The Realtors snap up all the deals.  Total baloney.  Many Realtors are now searching for other jobs to pay the bills.

Myth #2 – The best deals must be on the market for months.  Again, total baloney.  A great deal on a little condo came and went in just a few days – list price: $144,000.

Myth #3MLS – Properties are being taken off the market, so why look in November?  True, but a property being off the is not a reason why we can’t track down the listing Realtor and make an offer.

It is buying season.

Love life,

Daniel Webster Johnson, Broker Associate

3 Bedroom Single Family Home in a Prime Location!

Located in Silverthorne a 1 hr drive from Denver (the yellow dot on the below map is about where Silverthorne is located in proximity to Colorado Ski Areas). With a yard backing onto the Raven's Golf Course and a short drive from several world class ski areas including; Keystone, Vail, Breckenridge, A-Basin, Loveland, Breckenridge, Beaver Creek and Steamboat Springs just to name a few. 

• 3 bedrooms
• 2 3/4 bathrooms
• 1806 sq ft
• 1 car garage
• Deck with Hot-Tub
• Stunning Views
• Beautiful Interior, wood floors, open floor plan, vaulted ceilings

The list goes on & on...to be redirected to the virtual tour please click here.

This home is priced to sell at $543,000, which is below a recent apprasial!

In 2010 You Can Expect...

You know that once a month "the breakfast crew" meets.  We are leaders in real estate related fields or community leaders.

From Left to right:

Trip McLaughlin - North Line GIS LLC which provides a number of services for developers of new real estate projects.

Alton Scales - CEO of Colorado Mountain College - he knows everyone and is extreme astute.

Chris Belby - runs Title Company of the Rockies in Summit County.  He know exactly what is going on with Real Estate up here.

Yours truly - just about always the shortest guy in the photo.

Here is the guess for what is coming up in 2010 for the economy.

Trip - Very slow in regard to new developments.  Zero preliminary work being done for developments.
Alton - Sees the improvement in the economy already.  Expects people will be spending more in 2010.
Chris - Hopes real estate sales will increase.
Daniel - Do not expect to see any increases in residential real estate prices, maybe a slight decline.

These are NOT forecasts.  do not take any specific action because of this blog.

Love life,
Your Breckenridge CO real estate Blogger

Perfect Indian Summer!

 

The weather up here in Breckenridge is just perfect, the Indian Summer we were all hoping for has arrived and it's better than expected! It's just in time as the Breckenridge Ski Resort opens for the 09/10 season next Thursday, November 12th 2009.

Have a GREAT weekend!

Just Love to Generate the Highest Possible Price

Short update: Very, very few showings and little Buyer activity this week.  The market is sloooooooooooooooooooow, which is the norm for the pre-holiday time of the year.  Most closings are taking 45 days or more, so I expect a tiny increase in activity with those people who want to close before the Christmas holidays.
 
Last week I said there was an offer on a house which I expected to be under contract by the end of the day.  Well, the Buyer has been dragging his feet, which has allowed me time to drum up other Buyers.  It looks like I just might have the house under contract with a different buyer and a better offer by, I am guessing, Monday.
 
I just LOVE doing all that I can to get my Sellers the absolute top dollar the market will bear.
 

I'm here all weekend to answer your questions.  Text, email or phone me.

Love Life,

Daniel Webster Johnson, Broker Associate
Regular real estate updates:  http://www.BreckenridgeUpdate.com
facebook: Daniel Webster Johnson
twitter: DanielWJohnson
LinkedIn: Daniel Webster Johnson
http://www.YourMountainBroker.com

Resort Brokers Real Estate
100 S. Main St, Breckenridge CO
Snail mail direct - PO Box 1, 80424

Email:Daniel@YourMountainBroker.com

Cell: 970-393-3300

Having a Blast 'Playing the Game'

Last Friday I received an offer on a house which I expected to be under contract by the end of the day.  Well, the Buyer has been dragging his feet, which has allowed me time to drum up other Buyers.  It looks like I just might have the house under contract with a different buyer and a better offer by, I am guessing, Monday.

Buyer number 1 is a Stupid Buyer.

I just LOVE doing all that I can to get my Sellers the absolute top dollar the market will bear and on the flip side to get my Buyers the best deal possible.

Love life,

Daniel Webster Johnson, Broker Associate

Update - Few buyers in Breck this Past Week

Short update: Very, very few showings and little Buyer activity this week.  The market is sloooooooooooooooooooow, which is the norm for the pre-holiday time of the year.  Most closings are taking 45 days or more, so I expect a tiny increase in activity with those people who want to close before the Christmas holidays.

I’m here all weekend to answer your questions.  Text, email or phone me.

Love life,

Daniel Webster Johnson, Broker Associate  

Buyer with Cash or Loan Ready to Go get THE DEALS

Just like they taught me all those years ago in Boy Scouts: ‘Be Prepared’.  The very best Buyers already have their financing lined up before they present an offer.

To get a great deal, present the Seller with a contract that is NOT contingent on financing.  It has worked for dozens and dozens of my clients.

Keep in mind:  it is buying season.

I’m here to answer your questions.  Text, email or phone me.

Love life,

Daniel Webster Johnson, Broker Associate