THE AMY NAKOS GROUP
Our Informative Real Estate Blog
Summit County Softening Market – Anecdotes from the Trenches
Real estate trends are not always obvious. Those of us who work in the field each day notice the anecdotal evidence of trends long before they show up on a larger scale statistical analysis. Having worked in Summit County for almost 20 years, there are some canaries...
Short Term Rental Update – February 2023
The Summit County Board of County Commissioners will be doing their final reading of their STR ordinance on February 15, 2023. There is information in this article on how you can provide comments or participate on that day. Background and Updates The Summit County...
Market Update February 2023
The year 2022 was an unusual one for market conditions. It started off like a fighter jet and quickly switched to a horse and buggy. Or maybe even a turtle, climbing uphill, in the winter. The second half of the year brought annual statistics down 25% in dollar volume...
Short Term Rentals Update January 2023
Short term rentals in Summit County. It’s complicated. And controversial. I have this conversation almost daily with clients and potential clients. Here’s the silver lining: if you want to own a property that can be short term rented, you need to purchase in Keystone,...
Home Watching Service
Many vacation home owners who don’t rent their properties need someone to check in on the property and help take care of it. Working in this market for the last 19 years, I have always felt the need for additional service providers in this area. My real estate...
Market Update January 2023
Download the Land Title Statistics for November 2022 Prices remain relatively strong but activity continues to decline. Year to date November 2022 has dollar volume 26% less than 2021 and number of transactions are down 30% year over year. See Land Title statistics...
Update to “You Could Be Waiting a Long Time for a Summit County Unincorporated STR License.”
Thank you to everyone for the amazing feedback I received on my analysis of wait times for STR licenses in Summit County Unincorporated Neighborhood Zones. With 2022 wrapping up, I updated the numbers and you can see them in the spreadsheet. We used the same...
You Could be Waiting a LONG Time for a Summit County Unincorporated STR License
You could actually be waiting for 4-18 years depending on the location of your property. Background If you are a subscriber to my newsletter or YouTube channel, then you know about the current state of short term rental regulations in unincorporated Summit...
Weekly Mortgage Report – November 4, 2022
Here is this week’s update on the mortgage industry from my friend Mary Frances Ahlquist at Sulquist Mortgage: For the first time in a month, the Freddie Mac Primary Mortgage Market Survey reported a drop in the 30-year fixed rate, down 13 basis points. Mortgage rates...
Summit County Commissioners Give Indications of future STR Regulations
The Summit Daily News reported on the Summit County Commissioners work session on October 18, 2022. Don’t let the headline fool you, the Board of County Commissioners (BOCC) did NOT make any decisions on STR regulations. It is clear that the BOCC will put percentage...
Legal Advocacy for STR (Short Term Rental) Rights
Our local Realtor association released the following announcement a couple weeks ago. If you, or anyone you know, have been damaged or affected by STR regulations, they can fill out this form. Over the past year, Summit REALTORS® (SAR) has received numerous inquiries...
Real Estate Market Update Fall 2022
While I have many people asking me if prices are falling and wondering if they can get in on the Kohl’s 40% off sale, prices in Summit are still holding steady. Year to date sales volume is down 16% from last year and number of transactions is down 35%. That means...
Contact The Amy Nakos Group
Summit County, Colorado 80443
+1-970-389-8388
group@amynakos.com
The Amy Nakos Group
Summit County Real Estate Experts
35 E Main St #630, Frisco, CO 80443
