THE AMY NAKOS GROUP blog
Summit County Real Estate News & Market Insights
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...
STR (Short Term Rental) Update October 5, 2022
In what is becoming my regular newsletter column, here is the monthly STR update. Breckenridge Breckenridge’s ordinance went into effect on September 27. We all knew that there weren’t any licenses available for Zones 2 and 3. But there were 357 licenses available for...
Estimated Value For Your Home
We have upgraded our software and have some new features that may interest you. Register at the link below to get updated values of your home! This works for both Summit County and Denver.We previously had other services that provided home values but Summit County is...
New Construction in Summit County, Colorado
Here is a collection of some of the latest new construction project releases in Summit County. I can help you with any of these properties, so please let me know if you would like more information.BRECKENRIDGE - HIGHLANDS RIVERFRONT Located between Breckenridge and...
Summit County Real Estate Market Update Q2 2022
Here is our latest mountain trends report! This report covers data through June 2022. Each individual neighborhood is also covered in this report. No surprises here - you can track the market appreciation over the past couple years and also see the most recent...
STR (Short Term Rental) Update – August 23, 2022
August 23, 2022 was the Trifecta of short term rental regulations in Summit County as leaders of three jurisdictions met to either discuss or implement new regulations. Here is a summary of what happened and where we are with STR regulations at this time.Summit County...
Short Term Rentals Update July 2022
Summit County government leaders are getting feedback from a survey they released and considering different regulations including caps depending on neighborhood and different license types. A meeting was held August 1 with the Countywide Planning Commission where many...
Market Report July 2022 – Summit County
The market is shifting, and being involved day to day, I am seeing properties on the market longer, price reductions, less or no bidding wars, and more demands in inspection objections. We have been collecting active property and pending property numbers since May of...
Mortgage Application Update
This is the MBA (mortgage banker association) count of number of buyers applying for a new mortgage last week. This year is the heavy blue line. We started the year on record pace, matching 2021. Performance vs. historical has been eroding steadily as rates increased....