Affordable Housing in Colorado rises as Vacancy rates falls.

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The vacancy rate for affordable rental housing in Colorado fell to 5.9 percent in the fourth quarter of last year from 6.4 percent in the third quarter, as demand increases for subsidized housing, according to a report released by the Colorado Housing and Finance Authority and Colorado Division of Housing.
The increased demand resulted in higher rents for Coloradans residing in affordable rental housing. The statewide median rent during the fourth quarter was $682, a 3.5 percent increase over the third quarter.

The least expensive rents were available in buildings constructed before 1959 at $566 per month, and in buildings with nine to 50 units, at $605 per month.
The average rent per square foot was $0.88. Rental loss due to concessions and discounts for all affordable housing units statewide was 3.6 percent compared to 11.8 percent for the fourth quarter 2006.
The Boulder/Broomfield market area showed the least vacancy with only 2.1 percent of its rental housing available to affordable households. Consistent with the limited supply, the median rent in the Boulder/Broomfield market increased by $208, up from $582 in the third quarter to $790 in the fourth quarter.

Loveland experienced the most significant increase in the availability of affordable rental housing between the third and fourth quarters, rising from a 5.6 percent vacancy rate to a 10.6 percent vacancy rate.
Gordon Von Stroh, the author of the report and a University of Denver professor, said the change to the completion of a construction project which resulted in those construction workers occupying the affordable units leaving town. Von Stroh said at the demand for affordable housing will continue to grow in 2008.

Resource
A Colorado Rental Property Resource for both landlords and tenants can be found at http://www.coloradorentalproperty.net . Online land lords can post detailed information regarding their rental property, including 5 color photos. The ad can be self directed by the landlord to their cell phone or property management company. This is a service provided FREE by RealEstateColorado.Net and the ad will remain on line until it is asked to be removed.


REAL ESTATE
541-elk-circle.jpgIf you would like additional information about real estate in Breckenridge Colorado as well as anywhere in Summit County Colorado contact us at 1-800-791-3990 ext 421.

Jeffery McClintock is a real estate broker in Summit County and prides himself on providing clients with professional guidance in all phases of residential new construction, including market research, product development, consulting, marketing and advertising. His personal mission is to bring to you a level of knowledge, experience, commitment, high standards and results to answer your real estate needs. He believes, the most effective way to provide superior service is to build a strong working relationship with you. His system includes regular consultations and feedback, which is the best tool for identifying and clarifying your real estate objectives and help define strategic solutions.

Nearly one-third of all Avalanche accidents are out-of-area skiers.

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SUMMIT COUNTY, Colorado — Avalanche forecasters around Colorado are warily eying the back country snow pack, concerned that warming temperatures and clearing skies could lead to a spike in serious accidents in the coming weeks. February historically sees the highest number of avalanche deaths, based on statistics dating to 1950. And this winter’s steady snows have built a tender snow pack that is prone to big slides.

avalanche1.jpgSo far this season, five people have died in avalanches, one less than the annual average of six. Around the country, 23 people have died since mid-December, surpassing last year’s total and leading to concerns that there could a record number of deaths this winter. Back country snow riders can expect to see avalanches that haven’t slid in a long time. And even regular slides will run bigger and longer than anytime in recent memory. said Ethan Green, director of the Colorado Avalanche Information Center. “The avalanches we’re seeing are getting bigger and bigger. It’s amazing more people haven’t been killed.”

Some experts are especially concerned about a sudden rise in the number of accidents among skiers and snowboarders who use ski resort chairlifts to get to out-of-bounds terrain.
Aspen-based forecaster Brian McCall said he expects the danger rating to remain high across most of the state, and said the danger could climb even higher with a warm-up.

No Oposition excpected in Keystone Land Trade

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SUMMIT COUNTY — The pending swap of private land in the old Chihuahua town site along Peru Creek involving the U.S. Forest Service and the Town of Breckenridge won’t encounter any substantive opposition from Summit County, commissioners indicated at their regular Tuesday work session.

Forest Service land specialist Paul Semmer presented the board of commissioners with the particulars of the swap, which will allow his agency to acquire about 40 acres of undeveloped land from Keystone-area developer Gary Miller, who owns the Chihuahua site along with several partners, in exchange for Dercum Dash, a little more than 20 valuable acres directly east of the River Run Gondola in Keystone.

The proposed swap also includes two parcels of Forest Service land in Breckenridge: the “Wedge,” about 42 acres in Cucumber Gulch, and the “Claimjumper,” about 10 acres along Airport Road that were cleared of toxic waste last summer. If the swap goes as planned, the Town of Breckenridge will buy both parcels, with the intention of maintaining the Wedge as open space and developing at least a portion of the Claimjumper as attainable housing.

Maintaining Vitality on Main Street Breckenridge

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Maintaining the pedestrian vitality on Main Street is a key interest of the Breckenridge Town Council.

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The Council is evaluating the possibility of restricting the location of new offices in the downtown commercial area, as a means of ensuring that pedestrian-friendly commercial

uses (such as retail shops and restaurants) are retained.

On Wednesday, February 20 from 5:30 to 7:00 p.m. in the Council Chambers of the Breckenridge Town Hall, the Town is hosting a public open house to share information on a series of options and to gather public comments on these options. All members of the public are encouraged to stop by and offer their input on this important issue.

For more information, please contact Mark Truckey, Town of Breckenridge Community Development Department, at 970-453-3184 or markt@townofbreckenridge.com.

Help with Pine Beetle on the way for Summit County

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Breckenridge - While their is no stopping the march of the beetles, more money is needed to create fire breaks — clear-cuts in the forest — that can help protect communities from potential wildfires associated with dead lodgepole pines.

The Town of Breckenridge will continue to partner with property owners within Breckenridge Town limits by providing free inspections of Lodgepole Pine trees and by marking current season infestations on private property. The most notable change in the program this season is that property owners will be responsible for coordinating the proper removal of trees from their property. Once removed, the property owner may submit a request for reimbursement of $40 per tree to offset the cost of removal. Restrictions apply and only current season infestations will be considered.

More funding could also help expand stewardship projects, said Sandy Briggs, organizer of the Summit County forest health task force, explaining that the commercial value of the timber is so low that the Forest Service in some cases needs money to directly subsidize the needed work.

On the Dillon Ranger District, covering Summit County, the Forest Service hopes to plan and implement extensive forest health projects in the Lower Blue Valley, north of Silverthorne, and in the Upper Blue, around Breckenridge.

In 2007, the Forest Service treated about 1,500 acres at a cost of $1.3 million. That per-acre cost is still too high, District Ranger Rick Newton said at a recent meeting of the forest health task force.

Republican Sen. Wayne Allard announced earlier this month that he has secured up to $12 million to address the bark beetle epidemic in Colorado.

“We are facing a catastrophe in Colorado and this funding could not have come at a better time,” said Allard. “These dollars will allow the federal government, state government and private landowners to work collaboratively to mitigate conditions to prevent a disaster.”

Mountain Pine Beetle Signs of Infestation

Mountain Pine BeetleYellow or red needles on the entire tree crown. (Needles fade from green to yellow and then to bright red.) Note: discoloration occurs during the year AFTER attack when the beetle has almost completed development. By the time trees appear bright red, the beetles have left to attack new trees.Galleries (tunnels beneath the bark) with beetles, eggs or larvae.“Pitch tubes” — globs of resin on the trunk where beetles tunnel into the bark.“Sawdust” at the base of a tree or in bark crevices. Woodpecker activity, such as holes in the trunk and bark chips on the ground.

Real Estate Experience Should Not Be Defined by Years in the Business

Colorado Ski Condition Report

Resource
A Colorado Rental Property Resource for both landlords and tenants can be found at http://www.coloradorentalproperty.net . Online land lords can post detailed information regarding their rental property, including 5 color photos. The ad can be self directed by the landlord to their cell phone or property management company. This is a service provided FREE by RealEstateColorado.Net and the ad will remain on line until it is asked to be removed.


REAL ESTATE
541-elk-circle.jpgIf you would like additional information about real estate in Breckenridge Colorado as well as anywhere in Summit County Colorado contact us at 1-800-791-3990 ext 421.

Jeffery McClintock is a real estate broker in Summit County and prides himself on providing clients with professional guidance in all phases of residential new construction, including market research, product development, consulting, marketing and advertising. His personal mission is to bring to you a level of knowledge, experience, commitment, high standards and results to answer your real estate needs. He believes, the most effective way to provide superior service is to build a strong working relationship with you. His system includes regular consultations and feedback, which is the best tool for identifying and clarifying your real estate objectives and help define strategic solutions.

Jeffery has been a licensed Realtor since 1995. During this time he has successfully closed over 135 million dollars of residential real estate, and 40 million dollars in un-improved land amounting to 660 real estate transactions. His professional experience includes the Denver Colorado front range and the Second Home market in Breckenridge, Colorado located in Summit County.

Legislation Gurantee Basic Property Rights

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seal_co.gifA bill designed to strengthen the rights of people, including the disabled, living in housing with homeowner’s associations passed the Colorado House of Representatives by a vote of 61-1 on Friday morning.

HB-1135, sponsored by Rep. Morgan Carroll, D-Aurora, was introduced in the House on Jan. 15.

Homeowner’s associations (HOAs) are organizations of owners of houses, condos and other housing with common community elements. The association maintains such elements, which can include grounds, swimming pools and clubhouses.

The measure, if enacted, would do three major things:

  • Provide for cheaper, faster, more effective dispute resolution, if parties in a dispute want it;
  • Require due process by an impartial fact finder, before fees and fines can be assessed against a homeowner;
  • Require “reasonable accommodation” to units by an HOA for people with disabilities.

“Given the modern reality of HOAs in home and property ownership, we need to ensure that we continue to guarantee basic property rights,” Carroll said. “In many cases, HOAs are aligned with home owners in protecting these rights, but occasionally, they are not.”

A report by the Colorado Legislative Council states the bill would have no fiscal impact, partly because encouraging optional mediation “may actually reduce the number of cases that will ultimately go all the way through the litigation process.”

Real Estate Experience Should Not Be Defined by Years in the Business

Colorado Ski Condition Report

Resource
A Colorado Rental Property Resource for both landlords and tenants can be found at http://www.coloradorentalproperty.net . Online land lords can post detailed information regarding their rental property, including 5 color photos. The ad can be self directed by the landlord to their cell phone or property management company. This is a service provided FREE by RealEstateColorado.Net and the ad will remain on line until it is asked to be removed.


REAL ESTATE
541-elk-circle.jpgIf you would like additional information about real estate in Breckenridge Colorado as well as anywhere in Summit County Colorado contact us at 1-800-791-3990 ext 421.

Jeffery McClintock is a real estate broker in Summit County and prides himself on providing clients with professional guidance in all phases of residential new construction, including market research, product development, consulting, marketing and advertising. His personal mission is to bring to you a level of knowledge, experience, commitment, high standards and results to answer your real estate needs. He believes, the most effective way to provide superior service is to build a strong working relationship with you. His system includes regular consultations and feedback, which is the best tool for identifying and clarifying your real estate objectives and help define strategic solutions.

Jeffery has been a licensed Realtor since 1995. During this time he has successfully closed over 135 million dollars of residential real estate, and 40 million dollars in un-improved land amounting to 660 real estate transactions. His professional experience includes the Denver Colorado front range and the Second Home market in Breckenridge, Colorado located in Summit County.

Breckenridge Real Estate a Brilliant Investment

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Breckenridge Real Estate a Brilliant Investment

Mortgage rates followed other interest rates lower this week, with the average 30 year fixed rate mortgage now at the lowest level in almost four years. Freddie Mac’s weekly report says 30-year fixed rate mortgages averaged 5.48 percent this week, down from 5.69 percent last week. It is the fourth consecutive week mortgage rates have declined.

2625-hunters-knob-road.jpgWhile real estate is always a wise investment, Breckenridge real estate is a brilliant one. Breckenridge has been growing in leaps and bounds, and with the completion of the newest lift and lodging at the resort, Breckenridge will continue to be an international destination. The newest gondola has completed all connections for the four peaks that make up the ski area, catapulting Breckenridge further into the world-wide spotlight for its outstanding winter sports.

As the population and tourism increases in Summit County, it will outpace the national averages. This means that Breckenridge, as well as its real estate value, will be growing faster than the rest of the country. Land in Breckenridge has become increasingly more valuable, more quickly. It’s as simple as that.

Breckenridge has four mountains with terrain for any ability level and one 140-year-old Victorian town with shopping and dining for every taste–just think great snow, rich history, and vibrant nightlife.
Here are some things to keep in mind if your planning a day on the slopes.

breckenridge-slopes.JPGColorado Ski Condition Report

Rental Resource
A FREE Colorado Rental Property Resource for both landlords and tenants can be found at http://www.coloradorentalproperty.net . Online land lords can post detailed information regarding their rental property, including 5 color photos. The ad can be self directed by the landlord to their cell phone or property management company. This is a service provided FREE by RealEstateColorado.Net and the ad will remain on line until it is asked to be removed.


REAL ESTATE RESOURCE

breckenridge.jpgIf you would like additional information about real estate in Breckenridge Colorado as well as anywhere in Summit County Colorado contact us at 1-800-791-3990 ext 421.

Jeffery McClintock is a real estate broker in Summit County and prides himself on providing clients with professional guidance in all phases of residential new construction, including market research, product development, consulting, marketing and advertising. His personal mission is to bring to you a level of knowledge, experience, commitment, high standards and results to answer your real estate needs. He believes, the most effective way to provide superior service is to build a strong working relationship with you. His system includes regular consultations and feedback, which is the best tool for identifying and clarifying your real estate objectives and help define strategic solutions.

Jeffery has been a licensed Realtor since 1995. During this time he has successfully closed over 135 million dollars of residential real estate, and 40 million dollars in un-improved land amounting to 660 real estate transactions. His professional experience includes the Denver Colorado front range and the Second Home market in Breckenridge, Colorado located in Summit County.

Breckenridge Home to Champagne Powder, Glorious Sunshine

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Breckenridge Ski Resort - high alpine resorts, champagne powder, glorious sunshine, unbeatable service, great lodging and dining, historic villages,
Breckenridge’s long history with snowboarding began in 1985 when it became the first resort to host the snowboarding world championships. Today Breckenridge remains the top go-to resort with it’s top-ranked pipe, park, and snowboard programs.

Breckenridge has four mountains with terrain for any ability level and one 140-year-old Victorian town with shopping and dining for every taste–just think great snow, rich history, and vibrant nightlife.
Here are some things to keep in mind if your planning a day on the slopes.

Breckeridge Resort Chamber Word of the Wise
Hydrate, hydrate, hydrate. At 10,000 feet, altitude sickness can hit hard and fast- proper hydration will help keep it at bay. Ski with a buddy. Even on a powder day!
Know your limits. Don’t let someone talk you into trying a run beyond your skill level. Space not speed. Slow down, Speed Racer! It’s not NASCAR. Watch your speed and keep your distance when on crowded slopes. Look up hill when trails merge. Seriously? Don’t make us explain. Obey all posted signs. If it’s closed, it’s closed for a reason… even if the snow is whiter on the other side of the fence!

Diet Tips
Do you get cold when skiing? Sometimes what you put in your body is as important as what you put on your body. Body heat comes from what you eat. When you are active, you burn calories, and that produces heat. So what are the best foods to eat to fuel your muscles and to keep you warm? Well, it may not be exactly what you think. Believe it or not, you need some fat in your diet!
Carbohydrates burn quickly and if you rely on them alone you’ll constantly have to refuel. Fats on the other hand, burn long and slow so they last throughout the day.

The muscles you use in skiing require you to replace energy as you burn it to work efficiently. The best way to fuel your system and to stay warm is a balance of 40% Carbs, 30% Protein, and 30% Fat. So at breakfast, go for the pancakes and bacon, not just the plain bagel.

Colorado Ski Condition Report

Resource
A Colorado Rental Property Resource for both landlords and tenants can be found at http://www.coloradorentalproperty.net . Online land lords can post detailed information regarding their rental property, including 5 color photos. The ad can be self directed by the landlord to their cell phone or property management company. This is a service provided FREE by RealEstateColorado.Net and the ad will remain on line until it is asked to be removed.


REAL ESTATE
541-elk-circle.jpgIf you would like additional information about real estate in Breckenridge Colorado as well as anywhere in Summit County Colorado contact us at 1-800-791-3990 ext 421.

Jeffery McClintock is a real estate broker in Summit County and prides himself on providing clients with professional guidance in all phases of residential new construction, including market research, product development, consulting, marketing and advertising. His personal mission is to bring to you a level of knowledge, experience, commitment, high standards and results to answer your real estate needs. He believes, the most effective way to provide superior service is to build a strong working relationship with you. His system includes regular consultations and feedback, which is the best tool for identifying and clarifying your real estate objectives and help define strategic solutions.

Jeffery has been a licensed Realtor since 1995. During this time he has successfully closed over 135 million dollars of residential real estate, and 40 million dollars in un-improved land amounting to 660 real estate transactions. His professional experience includes the Denver Colorado front range and the Second Home market in Breckenridge, Colorado located in Summit County.

Colorado Sales Tax Collected on the Increase

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Good News for Once

Colorado Department of Revenue reports sales tax collected for December 2007 rose 28 percent to $161.6 million from the same month of 2006. Collections of sales tax for the first half of the states 2007-08 fiscal year, which started July 1, 2007, increased 9 percent to $1.08 billion from $991.3 million for the same period of the previous fiscal year.

civiccenter.jpg We don’t like to talk about taxes and we certainly don;t like to hear them increasing, going up or government getting more. The truth is it is a necessary evil and it gives those I sometimes refer as smarter then I run the state, fix the roads etc.. It helps all have a better quality of life.

However in lieu of the current economic condition of wall street and talk of a recession on an increase an increase in the collection of sales taxes means people have money to spend. Colorado’s third largest industry is tourism. It’s a stealth industry. It’s our third-largest source of revenue after the military and manufacturing.

16thstreet.jpgYou drive by a hotel and you don’t think of the 160-200 employees who have jobs there. More than 14,000 people are employed locally by the tourism industry. I see this as a positive for the people is Colorado.

Breckenridge remains a hot destination. Buoyed by good snow, great national press, strong real estate sales, a wider variety of activities and more terrain, Breckenridge ski resort is attracting bigger crowds and filling local cash registers.

Traffic at state ski areas continue to rise 2007 was up 1.4 percent from the before year, according to industry trade group Colorado Ski Country USA. The volume has grown for a number of reasons, experts say, including the addition of resort amenities that appeal to destination visitors and technological advances in equipment that help baby boomers keep skiing longer.

The recent explosion of mountain real estate development and a very strong real estate has also helped grow a base of faithful skiers.

snocvrtree.jpg The weaker U.S. dollar also has drawn more international skiers to Colorado than in past seasons, and Europe’s dismal snow this past winter has helped continue that trend, said Colorado Ski Country spokeswoman Molly Cuffe.

Resource
A Colorado Rental Property Resource for both landlords and tenants can be found at http://www.coloradorentalproperty.net . Online land lords can post detailed information regarding their rental property, including 5 color photos. The ad can be self directed by the landlord to their cell phone or property management company. This is a service provided FREE by RealEstateColorado.Net and the ad will remain on line until it is asked to be removed.


REAL ESTATE
541-elk-circle.jpgIf you would like additional information about real estate in Breckenridge Colorado as well as anywhere in Summit County Colorado contact us at 1-800-791-3990 ext 421.

Jeffery McClintock is a real estate broker in Summit County and prides himself on providing clients with professional guidance in all phases of residential new construction, including market research, product development, consulting, marketing and advertising. His personal mission is to bring to you a level of knowledge, experience, commitment, high standards and results to answer your real estate needs. He believes, the most effective way to provide superior service is to build a strong working relationship with you. His system includes regular consultations and feedback, which is the best tool for identifying and clarifying your real estate objectives and help define strategic solutions.

Jeffery has been a licensed Realtor since 1995. During this time he has successfully closed over 135 million dollars of residential real estate, and 40 million dollars in un-improved land amounting to 660 real estate transactions. His professional experience includes the Denver Colorado front range and the Second Home market in Breckenridge, Colorado located in Summit County.

Breckenridge Ski Resort Real Estate - Peak 6, Peak 7, Peak 8

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New luxury developments continue at Breckenridge Ski Resort. Pricing of new condos is approaching the $1,500 per sq. ft. level.

coloradowinter.jpeg
Peak 6- Plans for a new lift and 450 acres of new terrain are formally on the table. About six trails totaling 67 acres would be clear-cut below timberline. An additional 285 acres including intermediate, advanced-intermediate and expert skiing terrain would be above timberline and lift served. Breckenridge Ski Resort also proposes to construct a top terminal ski patrol and warming hut and a bottom terminal food and beverage facility.

Peak 7- Construction of the sold-out Crystal Peak Lodge and Grand Lodge continues. The relocation of Ski Hill Road from its present location, down to the new Peak 7 base area is expected to occur this summer. The 17.22 acre ski-in estate site ‘Pristine Villaggio’ is available with an asking price of $5.4 million. Based on current pricing at condo developments, one lucky owner could own either 8,000 sq. ft of condo space or ‘Pristine Villaggio’ with its 750,000 sq. ft. of land, and construct a 10,000 sq. ft. luxury residence for the same price!

Peak 8- One Ski Hill Place, a 90 unit development at the base of Peak 8 is the newest luxury offering by Vail Resorts. Prices range from $963 to $1,385 per square foot. Construction is scheduled to begin in May, pending pre-sales, and due for completion for the 2009-2010 ski season.

Shock Hill- The Shock Hill Lodge & Spa, will be located at the midway station of the new BreckConnect Gondola. The most expensive condominium in Breckenridge (pre-sale- under contract) of $3.8 million will have views of Pristine Villaggio and the Breckenridge Ski Resort. The project consists of 100 units being released in six phases.

Resource
A Colorado Rental Property Resource for both landlords and tenants can be found at http://www.coloradorentalproperty.net . Online land lords can post detailed information regarding their rental property, including 5 color photos. The ad can be self directed by the landlord to their cell phone or property management company. This is a service provided FREE by RealEstateColorado.Net and the ad will remain on line until it is asked to be removed.


REAL ESTATE
541-elk-circle.jpgIf you would like additional information about real estate in Breckenridge Colorado as well as anywhere in Summit County Colorado contact us at 1-800-791-3990 ext 421.

Jeffery McClintock is a real estate broker in Summit County and prides himself on providing clients with professional guidance in all phases of residential new construction, including market research, product development, consulting, marketing and advertising. His personal mission is to bring to you a level of knowledge, experience, commitment, high standards and results to answer your real estate needs. He believes, the most effective way to provide superior service is to build a strong working relationship with you. His system includes regular consultations and feedback, which is the best tool for identifying and clarifying your real estate objectives and help define strategic solutions.

Jeffery has been a licensed Realtor since 1995. During this time he has successfully closed over 135 million dollars of residential real estate, and 40 million dollars in un-improved land amounting to 660 real estate transactions. His professional experience includes the Denver Colorado front range and the Second Home market in Breckenridge, Colorado located in Summit County.