THE AMY NAKOS GROUP blog
Summit County Real Estate News & Market Insights
Tips on Filing a Property Tax Valuation Appeal in Summit County
Did your assessed value go up 60-70% in Summit County Colorado? Well, then you are in the same boat as the rest of property owners! I'm getting a lot of questions about protesting these valuations, but here are some tips and tricks you need to know! 1) The reappraisal...
Market Report: June 1, 2023
The real estate market in Summit is slow. Of note, May only had 66 closings. Only one month since January of 2015 was less and that was January 2023 at 60 closings. Wow is all I can say about that. In the last 30 days 85 properties in Summit have gone under contract....
ARE MORTGAGE FEE SHIFTS A NEW FORM OF SOCIALISM?
In a move by the Biden administration, high-credit borrowers are essentially subsidizing lower-credit buyers. How is this even possible you may ask? I’ve collected a few articles below for your information along with commentary from one of my preferred lenders. From...
New Tax Assessments: You May Want to Sit Down For This…
This year, 2023, is a reappraisal year in Colorado. Colorado property owners have most likely already received their new valuations. In Summit County, those valuations are 60-70% higher than two years ago! Most Denver metro areas are seeing around 30-40% increases....
Classes and Webinars in May 2023
See my schedule this month which includes an in person class in Denver, a podcast with the #1 investment podcast in Denver, Denver Real Estate Investing with Chris Lopez, and a webinar with my pal Jackie White where we discuss all things relating to living and owning real estate in the Foothills and Mountains.
STR Update: May 2, 2023
The STR rules across the county have been settled and for a quick reference guide, see this map created by Summit Mountain Rentals. The Summit Association of Realtors has also compiled a guide to help navigate the STR rule landscape. Additionally, we have collected...
Summit County Market Report May 2023
I know I have been saying this for months, and I’m going to keep saying it: This summer is going to tell the tale of our market health since summer is always our high real estate sales season. What we are seeing now is some price softening, longer days on the market,...
Colorado’s Educated Population
Many people believe that Colorado’s real estate is expensive because it is such a beautiful state and a great place to live. That is true, but another factor is the level of education attained by its citizens. The more educated the population, the higher wages and...
NEW LISTING: Timber Ridge 91202 Ryan Gulch Road – 2 BR | 2 BA | 888 Sq Ft
Beautiful views and awesome amenities! 91200 Ryan Gulch Road #202, Silverthorne, CO 80498 2 BR, 2 BA 888 SF This attractive Timber Ridge two bedroom, two bath unit features all hard surface flooring, stainless steel appliances, updated luxury vinyl plank flooring and...
Disruptive Technologies – Zillow and Chat GPT
I decided to take the two most disruptive technologies in our industry and mix them up in a martini shaker. Below you will find Chat GPT’s answer to “Tell me how Zillow disrupted the real estate market?” in regular text. My commentary is in italics. Enjoy! Zillow as a...
Cost of Ownership for Mountain Properties
We have used this spreadsheet in the past and we updated it with current listings and current interest rates. This spreadsheet takes into consideration mortgage tax deduction and appreciation to show the benefits of purchasing a mountain property.We have been number...
Webinar on Buying Property in Summit County
I recorded a webinar with my friend and colleague Carrie Reynolds! You can watch it here. This video will take you through the basics of our market and answer common questions about owning property in the mountains.