When should a Buyer schedule a home inspection?

The Barr Team Info for Home Buyers, Info on Real Estate Transactions Leave a Comment

Henry Barr explains how soon after going under contract that a buyer should have a home inspection… Hi I am Henry Barr from the Barr Team here at Re/Max Properties of the Summit.  Questions come up from Buyers wanting to know how soon they should do their inspection once they’re under contract. I would say as soon as possible but within …

What is 2% Withholding in real estate transactions?

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Henry Barr explains 2% Withholding Some people are asking about what a 2% withholding tax is…it’s really not a tax it’s just a 2% withholding of the full sales price for the title companies to keep so they can submit to the State Treasurer’s office at the end of the year to make sure that out of state owners who …

What is a Transfer Tax?

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Henry Barr explains a few key points about transfer taxes… Some people have asked me about “What is a transfer tax?” We are starting to see more and more of the transfer taxes here in Summit County. They are normally put into place by municipalities or taxing entities that want to collect upon each sale that occurs every time the …

Mountain Market Update by Kate – Sept. 2016

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Real Estate Market Trends: In a nutshell, sales are flat (down -1.9%) and the average sold price is up +3.8%. Inventory is low and yet, the number of pending properties is soaring with 493 Summit County residential properties under contract right now. Of the 493 properties under contract, 23% are new construction. Click the link below to view the September …

Henry Barr – 2016 Real Estate Market in Summit County

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Here’s Henry chatting about the market in Summit County with it’s low inventory, high demand! Hi, this is Henry again.  Just want to update you a little bit on the summer market here. It’s been very active with many properties going under contract within days of being listed and at 98% of list price or higher and in some cases …

July Real Estate Market Update by Kate

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Hello and Happy Summer Selling Season!! We have entered the PEAK Real Estate Season of the year! If you’re considering Selling, NOW is the time! The market is busy and the Buyers are HERE! If you’re considering Buying, NOW is the time! Interest rates are still low and you historically have the best selection in the summer months! Contact our …

May Market Update by Henry E. Barr

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The local real estate market remains brisk, inventory remains low and interest remains high. The number of sales are about the same as last year for Summit County with some gains and losses by town (see the number of sales chart above). Properties are selling a little closer to their list price and they are selling faster this year as …

3 Minute Market Summary – August 2015

Kate Marrone Market Stats, Monthly Newsletters Leave a Comment

Sales Strong & Under Contract Activity is Soaring! Sales continue to be brisk and, as shown in the video above, are up about 15%. Under contract activity is soaring to the tune of +31% over this time last year! And prices, well the video separates sales and prices by town where sales are up across the county and prices are …

Summit County Real Estate Market Update by Kate – June 2015

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Summit County Residential Sales Up 10%! Sales are up 10% and at the same time the pending sales (properties under contract) are up +40%. In fact, the activity continues with last week’s under contract activity +64% above last year for the same week – not a bad mud season. Sales are up while the inventory is down -25%. The average …

Real Estate Market Update – May 2015

Kate Marrone Market Stats, Monthly Newsletters Leave a Comment

Summit County Residential Sales Up 11%! In this update along with the above video one can learn a little bit about What’s Happening by Area, Town and by Price Range for Summit County residential real estate sales so far this year. Interesting: The $500,000 to $1,000,000 sales are really kicking off the year with a very strong improvement in sales. The 49% improvement …

March 2015 – Real Estate Stats

Kate Marrone Market Stats Leave a Comment

Here is a quick video showing the market trends for our mountain home market in March 2015. Countywide, the Average Sold Price has increased +1.8% when comparing 2015 Year to Date to 2014 Year to Date. The number of sales have increased 7.3% comparing this year to last year. The North Side of Summit County consists of Frisco, Copper Mountain, …

Real Estate Market Update by Kate – February 2015

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INVENTORY – Inventory is down -22% compared to this same time last year. VOLUME – Sales are up +27% comparing the volume of closings from the first 6 weeks or so of this year to the beginning of 2014.  There isn’t much to buy, but what’s out there isn’t lasting very long. What does this mean to you? As always, …

2014 Real Estate Year in Review – January 2015

Kate Marrone Market Stats, Monthly Newsletters Leave a Comment

Inventory Very Low with Pending Activity Up. Last year at this time the available properties to buy were down about 10% and the increase in the number of properties under contract was up about 10%. This year is kicking off very similar with a decrease in inventory and a strong improvement in pending activity. One item that is different this go around …