Eight of the top 10 projects with the highest cost vs. value ratio are exterior replacement projects.  These generally perform better because they are among the least expensive projects to complete and are non discretionary improvements that contribute to curb appeal, a strong subjective factor among home buyers.   The projects that recouped the most at resale are: Entry door replacement, garage door replacement, siding, wood deck addition, minor kitchen remodel, window replacement, attic bedroom remodel, and basement remodel.  Home office remodels and sun room additions recouped the least.    Source –CRS Magazine  2011

Gorgeous Breckenridge property next to the golf course!

The main living area is perfect for the entertainer!  The wide open floor plan allows an easy flow of guests from the kitchen bar area, to the dining room, to the living room.  Or you can get cozy in front of the fireplace after a great day of skiing.  The main deck is off of the living room, perfect for watching the sunset after a day of activity!

This special property features a private west facing balcony off of the top floor master.  The master bath includes an extra deep tub and beautiful tile work.  A private office area is on this level outside the bedroom.  The three other bedrooms are all nicely appointed, and roomy.  They all have plenty of closet space to accommodate any family!

This is the most sought after floor plan in Highland Greens.  It has a rare two car garage and 2 parking places for guests.  The winter shuttle can whisk you away to the slopes without having to worry about parking.    4 bedrooms, 4 bathrooms,  2 car garage, hot tub and much more!  This home is all about the Summit County life style.   Call me today for more information on this special Breckenridge property, or if you have any questions on any Summit County property!  I look forward to serving your Real Estate needs!

Erika B. Schmidt,   Owner/ Broker,    Breckenridge Mountain Real Estate LLC,     970-409-9236

This well cared for property is close to 6 ski resorts, the outlet shopping district, the movie theatre, Dillon’s summer farmer’s market, hiking, fishing, boating, biking, many golf courses, and everything Summit County has to offer.  Convenient access from Denver is a plus.   Close to Breckenridge, Frisco, Keystone, Copper, and Vail!  It is all about quality of life with this prime location!

A highlight of this property includes the living room with its amazing views and the beautiful wood burning fireplace.  It is very bright and airy with a lofted ceiling.  The open floor plan is excellent for entertaining in the kitchen/ dining room/  living room area.  Upgrades include new furniture, carpet, and deck railing in 2011, and includes the new blinds and windows in 2009.

The 3 bedrooms are roomy and nicely appointed.  The master bedroom has plenty of closet space and its own bathroom.  The bunk room can sleep an army and also has its own bathroom.  Sleeps 10 in beds!  With 3 full bathrooms and an in house washer/dryer, everyone will be accommodated.

This amenity rich complex has an indoor pool, hot tubs, and  club house to keep families entertained and happy.  The HOA dues include HEAT, CABLE, gas, and more!   This short sale opportunity is priced $150,000 and more BELOW the comparables and the last solds!

1250 sq ft, 3 bedrooms, 3 bathrooms, washer/ dryer, pool, hot tubs, views, and much more!  Offered for only $325,000.

Call me today for more information on this special Lake Dillon property, or if you have any questions on any Summit County property!  I look forward to serving your Real Estate needs!

Erika B. Schmidt,      Breckenridge Mountain Real Estate LLC,     970-409-9236

Highlights of the property include Australian Cyprus wood floors,  over sized windows to take in the over sized views, a grand master suite with walk in closet, heated towel racks, gorgeous cabinets, and double sinks.  The two guest bedrooms are extra roomy with tons of closet space.  The over sized loft area is currently a large office but could serve many other functions easily.  The huge wrap around deck is perfect for taking in the sunny days of the Summit County high county.

The Bonus Room currently keeps the family happy by being used as the bike room/ ski room/ and generally the toy “fix it” room.  This room is pre plumbed to have another full bathroom easily added so that it could be made into another master suite, a theatre room, or anything your family needs.

Three car garage, surround sound indoors and out, pantry, central bar, kitchen breakfast bar, 2010 remodel includes new carpet, tile, and bathrooms.  This well cared for property is sure to please everyone in your family!

Call me today for more information on this special Breckenridge property, or if you have any questions on any Summit County property!  I look forward to serving your Real Estate needs!

Erika B. Schmidt,      Breckenridge Mountain Real Estate LLC,     970-409-9236

The weather gurus are predicting another La Nina year which could rival last year’s record snow totals.  I am soliciting for volunteers to help shovel me out since last year was truly a chore!

Check out my new look in the next issues of Mountain Homes Illustrated (still the inside front cover), and I will also be on the inside front cover of The Real Estate Book December issue.  I am excited about the addition of The Real Estate Book to my advertising resources and will be on the back cover of the next issue!  My office is looking fabulous upstairs, on the corner of Ski Hill Rd and Main St.

Breckenridge Mountain Real Estate is continuing forward with improvements and changes.  In case you haven’t noticed, I have a new e-mail address, BMRE@LIVE.COM.  My old e-mail will continue to be used so you won’t have any trouble contacting me.  I have finally taken the advice of several of you!

Don’t forget to set your clocks back 1 hour tonight for daylight savin

What do these changes mean to you?  I have owned all of my equipment and done all of my own advertising for years, but now I have cut out the middleman!  That means thousands more advertising dollars that can now be spent on my listings–your properties, and the quality that is already in place will only improve.  This has proven to be a fresh start for several listings that now appear as “new” all over again and these properties have enjoyed an increase in showings.  I am currently negotiating premium pages in other real estate magazines, and have already implemented the best contract software on the market.

I look forward to continued business with you and I hope to see you in my new office soon!

Erika B. Schmidt
Colorado RE Broker/Owner, CRS, GRI, CNE 
Breckenridge Mountain Real Estate, LLC
101 N Main St, ste 7/ PO Box 4326
Breckenridge CO 80424
website: www.BreckenridgeMountainRE.com
e-mail: ebs237@hotmail.com
cell: 970-409-9236

Total Sales: May 2011 finished with 81 solds , compared to 89 solds in 2010.  June 2011 finished with 66 solds, compared to 89 solds in 2010.  June saw a 25% decline in sales this year.  The good news is that the first 6 months of this year are still up almost 7% over last year.  These are residential sales only in Summit County. The information is gathered from the MLS and does not include private sales.

$200,000 to $400,000 is the hottest part of the market STILL with 150 sold.

$400,000 to $600,000 saw 104 solds.

$600,000 to $800,000 saw 57 solds.

$800,000 to $1,000,000 saw 31 solds.

$1,000,000 to $2,000,000 saw 39 solds.

$2,000,000 to $3,000,000 saw 6 solds.

Over $3,000,000… nothing yet this year.

Our inventory in 2010 peaked for the year last August at about 2,650 units.  We currently have about 2,350 units for sale.   So we are pretty close to normal for this time of year.  The average days on market are about 225, while the average sold price per square foot is about $283.00 for all of Summit County.

Single Family Sales:  Single family home sales are UP 21% for the first half of the year.  Average prices remain stable.  Single family home sales have been down the last 2 years, but recent price reductions have made them much more appealing.

Condo Sales:  Condo/ multiple family unit sales are up slightly and prices remain stable.

Foreclosures:  January through June 2010 we had 35 properties make it through the foreclosure process.  2011 to date, we have 86 properties.  Notices of Election and Demand (NED) are down over 9% so we expect our foreclosures to drop soon.  This information is provided by Stewart Title.

In other Breck news:  Breck and Keystone skier visits were up for the 2010/2011 ski season, and Colorado had a record year for tourism in 2010.  There is huge optimism for 2011, both locally and across the state.  A-Basin just finished up their ski season over the 4^th of July weekend.  What a year for snow!

I hope you are enjoying all of the festivities that Summit County has to offer.  The Vail farmer’s market is always worth the drive if you are looking for something to do on a Sunday.  The wildflowers are spectacular this year because of all the snowfall (and rainfall!).  It looks like the 10,000 ft elevation range is peaking now so the higher levels should be a week or 2 behind.

If you get a chance, check out my Mountain Homes Illustrated magazine inside front cover ad and also the featured properties on page 71.  Feel free to stop by my office where I have copies available.   Please let me know if you have any questions, or if you would like a free market analysis on your property.  Advertising your property correctly can be the key to a seller getting a quick sale in a tough market.  I look forward to serving your Summit County needs, and thank you for the referrals!

June 10th and June 17th  Fatty’s clam bake!!!  They only do it 5 times a year and there are 2 nights left.  They sell out by 6pm so get there early to put your order in.  I will see you there tonight!

June 9-12  Breckfilmfest.com

June 16-18  Frisco BBQ Challenge.  The largest BBQ in the state of Colorado.  Kick Off concert June 16 at 8pm.  Check out the pig races, hotel specials, and more at FriscoBBQ.com

June 16  8pm   Lyle Lovett and John Hiatt River Walk Center.

June 17  4pm-9pm    Free    The Breckenridge Town Party at the River Walk Center.

June 19  3pm  The Breck Annual Outhouse Races.  A crowd pleaser not to be missed!  gobreck.com

New Restaurant from the owner of Relish,  Twist is on the corner of Ridge St and Washington Ave.  Great happy hour specials.

Keystone and Dillon have lots of upcoming events, including a FAC (Friday Afternoon Club) and Farmer’s Markets.  Go to   www.keystoneresorts.com and   www.townofdillon.com for their lists of events.  Check out Breckenridge’s summer events at  gobreck.com.

It is the start of a great summer!