Year round activities are driving growth in property investment in Summit County

Real Estate in Summit County, Colorado

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3 Simple Reasons to Invest in Real Estate in Summit County

Posted by admin on July 20, 2018

The first and most important rule of real estate is, of course, location, location, location! Investment properties are only as profitable as the area in which they are located. The true value of a wonderful house, apartment, or business space is largely dependent on where it is situated within the community.

If you are looking to find the perfect property and the ideal location - look no further! Summit County is one of the most coveted locations for investing in real estate due to its host of charming towns, year-round activities, and range of property options. Favorable market trends highlight the fact that there is no time like the present to take advantage of the wealth of real estate opportunities in Summit County.

Skiing in Summit County draws visitors from around the world with spectacular scenery and challenging terrain. The ski industry has fueled the real estate boom in the area for years, and shows no signs of letting up.

1) Home to Great Ski Resorts and Diverse Winter Sports Options that are Internationally Renowned

One of the most popular associations with Colorado, and for a good reason, is the multitude of great ski resorts, lodges, and ways to participate in diverse winter sports. Towns like Frisco and Breckenridge draw international visitors to the area to take advantage of the world-renowned ski resorts and lodges.

Frisco is known as a skiing mecca with seven ski resorts located within thirty minutes of the town’s main street. This wealth of ski opportunities mark Frisco as a truly unique locale that grabs the attention of national and international visitors, as well as year-round residents.

Breckenridge, nestled at the eastern base of the iconic Tenmile Range, is a hot spot for skiing and other winter sports. The Breckenridge Ski Resort boasts high-speed lift access to five peaks spanning 2,908 acres that are ideal for skiing, snowboarding, and other winter activities.

Even if you are not an avid skier or snowboarder, tubing, snowshoeing, and even sleigh rides are some great winter activities that highlight the high alpine landscape of Summit County towns. As these acclaimed ski resorts and other winter attractions draw more and more vacationers to the area, the value of nearby properties continue to grow. Annual traffic through these resorts sparks the overall economy of the area and helps businesses to flourish.

This economic health, stimulated by the tourism industry, is mirrored in the profitability of the current real estate market of the area, verifying that this is a prime time to invest in the real estate of the area.

2) A Wealth of Warm Weather Activities and Attractions that Draw Visitors Year-Round

Unlike many vacation spots that are limited to just one season, Summit County is an all-weather destination that is great for tourists and residents alike. From scenic drives and fishing to museums and historical attractions, during the warmer months, there are plenty of activities to take advantage of that highlight this locale as an ideal spot to invest in real estate.

The scenic views of Breckenridge are just as breathtaking when the typical layer of snow has shed, making way for hiking trails, bike paths, and lush spots to relax and take in nature. Frisco also has just as many attractions for the warmer months such as fall festivals and summer festivities like the many 4th of July celebrations.

As Summit County becomes more and more well known as a year-round getaway destination, the value of real estate in the area continues to mirror this trend. With more parks, resorts, music venues, restaurants, and other businesses opening in the area, the value of real estate in Summit County continues to increase and the market becomes more and more competitive.  

With more people discovering the wonders of Summit County and continually increasing market values, time is of the essence to start investing in this thriving area.

3) Favorable Market Trends and Positive Outlooks for the Future

Within the past year, home values have increased by over eight percent, with this increase expected to continue at about the same rate over the next year. This spike in the market value of real estate in Colorado has been increasing steadily for about the last five years, indicating the relative stability of the market.

Additionally, the amount of foreclosures and delinquent mortgages is far lower than average national rates, also highlighting the health of the real estate economy in Summit County. According to Zillow, the overall market health of Colorado is rated as very healthy, with a 9.8 out of 10 on their scale.

The average amount of days that a home is on the market in Colorado is just over a month, according to Zillow, which is notably lower than the national average of just over two months. These data findings indicate that it is an ideal time to get into the real estate market in Colorado and begin to take advantage of this healthy, and continually growing real estate market.

Not only is the real estate market currently thriving, but future predictions are just as bright, making investing in this area a profitable decision for both now and into the future.

Contact Wolf Real Estate today to start your journey in the Colorado real estate market!

Now is the perfect time to start investing in the coveted and profitable Summit County, Colorado real estate market. In order to truly tap into this highly sought market, knowledgeable real estate agents with specialized expertise in the area are a must.

If you want an unbeatable edge in this competitive market, Wolf Real Estate can provide you with the insight and expertise of someone who has lived, worked, and raised a family in the area for over 40 years. Kouri Wolf brings over 30 years of real estate expertise, as well as her personal experience in the area to her work. This combination of knowledge makes Kouri Wolf a unique real estate resource in the Summit County community.

Contact Kouri Wolf today to find your perfect property in this booming location today!

What Our Clients Have to Say

"We entrusted Kouri to handle 3 real estate transactions for us over the past 10 years. She has been in the area since the late 1970s, so she has tremendous familiarity with Summit County properties, both as they exist today and their history of development. Kouri complements her familiarity with Summit County with great competency that, for us, translated into savings in our pocket. She readily puts her tireless energy at work for her clients, which of course helped to build a long-term relationship with us and repeat business without hesitation. She's the best in Summit County!"  -User 0571849 via Zillow.com

 

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