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Welcome to this episode of the Ski Summit Show, your premier destination for Summit County real estate insights. Today, we explore a diverse array of topics, including potential tax relief initiatives, honoring a beloved mountain icon, reacting to adrenaline-pumping avalanche videos, and delving deep into the local real estate scene. Stay tuned for an engaging blend of updates, tips, and market analysis. Remembering a Mountain Icon We start by paying homage to Bill Bergman, co-founder of Keystone Resort. His contributions to the ski industry have been monumental, shaping the landscape of mountain sports and community in Colorado. Link to the Article > Real Estate News: Tamara Pogue's Appointment Our focus then shifts to Tamara Pogue's recent appointment to a statewide property tax group. We discuss her notable achievements and the potential impact of her appointment on tax relief in Summit County. Link to the Article > Real Estate Tips: Why Water Testing Matters In our tips segment, we emphasize the importance of water testing, especially for properties with wells. This crucial step ensures the safety and quality of your water supply, a key consideration in any real estate transaction. Market Analysis: A Look at 2024 We then delve into the market trends, discussing modest increases expected in 2024 and how improved rates are creating opportunities for buyers. This segment is particularly insightful for those looking to navigate the market effectively. MLS Check: Today’s Top 5 As always, we wrap up with a look at today's top 5 listings in Summit County, giving you a glimpse into the exciting properties available in this vibrant area. Link to the Listings > For more insights and updates, tune into the Ski Summit Show. And don't forget to like, share, and subscribe for the latest in Summit County real estate. Thank you for joining us, and we hope to see you in the mountains soon!

Welcome back to another episode of the Ski Summit Show! I'm your host, Matt Dayton from Cornerstone Real Estate, joined by my producer and livestream sidekick, Benji from Benji Does. As always, we're here to unravel the intricacies of the Summit County real estate market, share valuable tips, and bring you the latest local news. Real Estate News: Builders Pulling Back? In today's segment, we delve into a pressing concern: Are builders pulling back on production, and what will this mean for housing supply? A recent report from the National Association of Home Builders (NAHB)/Wells Fargo indicates a significant drop in builder confidence. This decline, marked for the fourth consecutive month, brings us to the lowest level of builder confidence since December 2022. Amidst an economic climate that's been anything but stable throughout 2023, these findings aren't surprising. However, with signs of improvement starting to appear, what lies ahead for housing supply remains a critical question. Link to the Article > Question of the Day: Post-Slope Rituals We all have our rituals after a great day on the slopes. For me, it's about relaxing in the hot tub with a beer, accompanied by the sounds of my dad playing the accordion – a family tradition filled with memories and, admittedly, a fair share of accordion jokes! Real Estate Tips: Importance of Choosing a Local Lender This week's tip focuses on the importance of choosing a local lender. In the complex world of real estate, having a lender who understands the local market nuances is invaluable. I can't stress enough: local lender, local lender, local lender! Market Overview: A Steady November As we screen share the latest market numbers, November appears to be coming in flat, which, in the current scenario, is actually a positive sign. Stability in such unpredictable times is a welcome relief. New Listings: 18 Under Contract: 25 Price Reductions: 25 Total Listings: 327 MLS Check: Top Picks of the Week Don't miss out on our top 5 property picks from the MLS this week. Each selection represents the best of what Summit County has to offer, tailored to various preferences and needs. Link to the listings > Thanks for tuning in to today's episode of the Ski Summit Show. We appreciate your support and engagement. Remember to like, share, subscribe, and follow us for more insights and updates. For any questions or real estate needs, feel free to reach out to us. I'm Matt Dayton, wishing you wonderful adventures in the mountains until our next episode!

The latest episode of the Ski Summit Show, hosted by Matt Dayton with his sidekick Benji, dove deep into the pressing issues and current trends in Summit County's real estate market. Navigating Traffic and Development in Silverthorne Silverthorne is at a pivotal moment, grappling with traffic challenges while eagerly anticipating the completion of nearly 100 new condos. Matt discusses the importance of traffic planning and offers tips for residents and visitors to avoid congestion. He suggests checking CDOT and Google Maps for road conditions before heading out, and even considers the feasibility of using Loveland Pass as an alternative route. Link to the Article > Real Estate Market Analysis Matt provides a comprehensive overview of the current state of the real estate market in Summit County. He notes a significant shift in the market with new listings, contracts, price reductions, and total listings, emphasizing that nearly 27% of the listings are new constructions yet to be built. Today's Real Estate Tips In this segment, Matt shares his expertise on home pricing strategies. The catchy phrase "Leaving the Fat will make you Skinny" encapsulates his advice on the importance of strategic pricing in today’s dynamic market. MLS Check Matt gives an exclusive look at the top 5 listings in the Summit MLS, offering viewers a glimpse into some of the most exciting properties currently available in the market. Top 5 Listings > The episode wraps up with a heartfelt thank you to the viewers, reminding them to engage with the show through likes, shares, and subscriptions. For those looking to stay updated on Summit County's real estate market, the Ski Summit Show with Matt Dayton is an indispensable resource.

As we step into the chilly embrace of November, the real estate sector in Colorado is anything but cold. The Ski Summit Show's latest edition, aired on November 2nd, unpacked a host of crucial insights and updates, particularly for short-term rental property owners. If you missed the live show, don’t fret. Here’s a quick recap of what went down. The world of real estate in Colorado is undergoing rapid shifts. With legislative changes on the horizon, property owners, especially those dabbling in short-term rentals, need to be on their toes. Joined by Benji, the producer and live chat maestro, the duo set the stage for an insightful session. The Big Question: Modern Minimalism or Cozy Rustic Charm? Before diving into the meaty topics, Matt and Benji threw a light-hearted question to their viewers – when it comes to home decor, where does your allegiance lie? Are you a fan of sleek, modern minimalism, or does the warmth of cozy rustic charm beckon you? It's an age-old debate that continues to divide design enthusiasts. Real Estate News: The Taxing Dilemma Short-term rental owners, brace yourselves. There's a potential storm brewing. Colorado lawmakers are pondering over reclassifying short-term rental units as lodging property. What does this mean? Well, any home that was leased for short stays more than 90 days in a year could find itself in this bracket, starting from the property tax year 2026. This reclassification could trigger an increase in property tax revenue by an estimated $371.2 million. The numbers being bandied about are stark - a jump from 7% to 28%. Link to the Article HERE "CJ Willey from Evolve, a Denver-based property management company, painted a rather grim picture, estimating a potential hit of $500 million to the state’s tourism economy if these tax rates were imposed. Interestingly, he also mentioned that a significant 76.5% of all Colorado short-term rental properties are owned by Coloradans themselves. The Pro Tip: Pre-Inspection Advantage Matt highlighted a golden nugget for those looking to list their properties. Considering a pre-inspection can be a game-changer. This step not only unveils potential issues that can be addressed before they become negotiation hindrances but can also instill confidence in potential buyers. A win-win! Contact Me If you need help finding someone for your pre-inspection needs, please reach out, I am very happy to find someone to help you out! Market Pulse & MLS Highlights The market metrics segment showcased some intriguing trends. New listings, properties under contract, price reductions, and total listings (with a 27% skew towards new constructions) were discussed in-depth. Matt also showcased the top 5 listings, and a spotlight was thrown on the 229 Fly Line property, which promises to be a hot favorite among buyers. See the Top 5 Picks HERE > Check Out 229 Fly Line HERE > The Ski Summit Show remains a beacon for those navigating the unpredictable waters of Colorado's real estate sector. As Matt aptly signed off, the hope remains to see everyone in the mountains soon. Remember to keep an eye out for the next episode and in the meantime, happy house hunting (or selling)!

Welcome back to another episode of the Ski Summit Show. I'm your host, Matt Dayton, from Cornerstone Real Estate, joined by my ever-reliable sidekick and producer, Benji, from Benji Does. As always, we're diving into the latest happenings in Summit County's real estate market, alongside some exciting news for ski enthusiasts. The Keystone Resort’s Bergman Bowl Expansion Keystone Resort recently shared an update on their ambitious Bergman Bowl expansion project. Initiated in summer 2022, this project aims to revolutionize the skiing experience at Keystone. Despite a temporary halt due to environmental concerns, the expansion promises to enhance the resort without increasing its overall acreage. It's set to introduce a new high-speed 6-passenger chairlift, 16 named trails, improved snowmaking capabilities, and a patrol hut, transforming 550 acres of hike-to-only terrain into a skier's paradise. Keep an eye on Keystone’s website for ongoing updates and check out our video below for a sneak peek at the project's current status. Link to the Article > Real Estate Tips: Prioritizing Your Choices In today's real estate tip, we emphasize the importance of selecting the right lender and real estate agent before choosing your property. This approach ensures you have a knowledgeable and trustworthy team guiding you through the complexities of the real estate market, ultimately leading to a smoother and more informed property buying experience. Market Update: A Close Look at Summit County The real estate market in Summit County remains dynamic. Our screen-sharing segment revealed some interesting trends: New listings: 21 Properties under contract: 26 Price reductions: 6 Total listings: 352, with 27% being new constructions yet to be built Today's Top Picks Don't miss our top 5 listings in Summit County, accessible via [link here]. Whether you're looking for a cozy family home or an investment property, these listings are worth exploring. Question of the Day We asked our viewers: Trees, Bumps, or Groomers? I, Matt, personally prefer Trees for the best powder experience. What's your preference? Share your thoughts in the comments! Thank you for tuning into the Ski Summit Show. If you found this episode helpful, please leave us a like, share with your friends, and subscribe to our channel for more insightful updates on real estate and skiing in Summit County. Remember to check the description for links to everything we mentioned in this episode. Until next time, I'm Matt Dayton, and I look forward to seeing you in the mountains soon!

Welcome to another episode of the Ski Summit Show, your definitive source for everything ski-related in Colorado! In today's episode, we'll be covering the newly announced opening dates for Colorado's major ski resorts for the 2023-2024 season. Plus, we'll share some insider real estate tips, including how to save money on your Short-Term Rental (STR) taxes. What's the Buzz About Colorado's Ski Season? According to a recent update from the Denver Post, Colorado's ski resorts have officially announced their opening dates for the 2023-2024 season. This is the moment winter sports enthusiasts have been waiting for! Projected Opening Dates for Colorado Ski Resorts in the 2023-2024 Season Vail Resorts: Keystone: Mid-October, pending early season conditions. Breckenridge: Scheduled to open on November 10. Vail: Scheduled to open on November 10. Beaver Creek: Scheduled to open the day before Thanksgiving, which is November 22. Crested Butte: Scheduled to open the day before Thanksgiving, which is November 22. Other Resorts: Copper Mountain: November 13. Steamboat: November 22. Aspen: November 23. Snowmass: November 23. Telluride: November 23. Granby Ranch: December 8. Aspen Highlands: December 9. Buttermilk: December 9. Additional Information: Arapahoe Basin: Will open "as soon as possible, as usual," with the five-year average being October 19. Loveland: Expected to open in mid to late October, as usual. Remember, these dates are all subject to change based on weather conditions and other variables. Last season's opening dates are also provided for reference, which could be helpful in estimating this year's actual openings. Real Estate News: STR Tax Savings If you own an STR near any of these resorts, this is also the season to understand how to maximize your tax savings. Did you know that STRs can offer substantial tax losses in the year of acquisition? Thanks to the ability to "accelerate" your depreciation, you can save thousands on your taxes. Maximizing Tax Savings with STRs High-Income Attraction: STRs attract high-income earners due to the ability to claim large tax losses in the first year. Passive Activity Loss Rules: Since 1986, these rules have made it difficult for high-income professionals to offset their regular income with STR tax losses unless they qualify as a Real Estate Professional (REP). STRs & REP Status: Good news—STRs are not considered "rental activities" under Passive Activity Loss Rules. That means you don't have to qualify as a REP to enjoy the tax benefits. Accelerated Depreciation: Using a cost segregation study, you can classify parts of your property to depreciate faster, thus maximizing your deductions. 2024 Paint Colors, Market Updates & Top 5 New Listings For those looking to spruce up their property before the ski season, check out The Spruce's 2024 Colors of the Year guide. How's the Real Estate Market? As for the market, rates are high and demand is the lowest it's been since I graduated from high school. We recommend keeping an eye on this Inventory Link for the latest market trends. If inventory doesn't increase soon, we could be facing challenges. Here's the link to follow along with today's Top 5 New Listings > A Final Word of Caution Owning an STR is not without its challenges. There are financial and operational risks to consider. Always remember to consult professionals and make well-informed decisions. That's it for today's episode. If you found this guide helpful, please share it on social media and subscribe for more updates. We hope to see you in the mountains soon!

Hello and welcome to the Ski Summit Show, your one-stop shop for all things real estate and mountain living. I'm your host Matt Dayton from Cornerstone Real Estate, and I'm joined by Benji, my producer and live-stream sidekick from Benji Does. He'll be monitoring the chat today, so don't hesitate to ask us any questions you may have. Question of the Day Before we dive into the nitty-gritty, let's kick things off with our question of the day: Studded Snow Tires, Snow tires, or just plain ol' all-weather tires—what's your preference for the snowy mountain roads and why? Drop your thoughts in the comments below! Real Estate News In today's real estate segment, we'll be discussing an upcoming trial that could have some significant ramifications for homeowners. Starting on October 16th, the National Association of REALTORS® (NAR), along with HomeServices of America and Keller Williams Realty, will head to court. Plaintiffs argue that the commission rates set by NAR are too high and may violate antitrust laws. It's a complicated issue that could change how commissions work in the real estate industry. If you want to know how this could affect you as a homeowner or prospective buyer, feel free to give me a call. Link to the Article > Real Estate Tips: Look for the Sleepers! When it comes to real estate investments, always keep an eye out for "sleepers," or properties that are undervalued but have great potential. These could be older homes in need of a little TLC or properties in areas that are on the verge of becoming the next big thing. The key is to get in early before everyone else catches on. How is the Market? Curious about the current real estate market trends? Let's take a closer look: New listings: Numbers are fluctuating, but it's a good time to consider listing your property. Under contract: Demand remains stable, indicating a healthy market. Price Reductions: Slight variations suggest that some properties may be overpriced. Total listings: Around 27% of these are new constructions, many of which have not been built yet. So when are rates going to go down? It's the question on everyone's mind, and the answer isn't straightforward. The important thing to remember is that time in the market often trumps timing the market. Consistency and long-term planning are key. MLS Check For more real-time data, check out this MLS Portal, where you can get a snapshot of the market, including listings that might catch your eye. That's all for today's episode of the Ski Summit Show! If you found this helpful, please like, share, and subscribe. Also, be sure to check the description for links to resources we mentioned today. We hope to see you in the mountains soon! Happy Skiing and House Hunting!

Hello and welcome to another episode of the Ski Summit Show! I'm your host Matt Dayton, and I'm here with Benji, my producer and livestream sidekick. In today's episode, we cover the latest in Summit County's real estate scene, share valuable tips, and of course, take you behind the curtain of the Summit MLS. Real Estate News: Today, we give you a special sneak peek into Kindred Resort—one of Summit County's most anticipated developments. Link to the Article > Real Estate Tips: Not all developer contracts are created equal. It's crucial to read the fine print and consult with a real estate attorney if necessary, to understand what you're signing up for. Question of the Day: As winter is quickly approaching, what are some key things you need to do to prepare your house for the colder months? Share your tips and tricks in the comments below! How is the Market: Ever wondered what the 'Days on Market' statistics really mean? Today, we cut through the fluff and present a deep dive into the current market status: Eliminated new builds for accurate data 152 pending sales Average DOM is 65 Average list price at $1,409,000 We also discuss why it's essential to look beyond 'Sold' data when analyzing the real estate market. MLS Check & Top 5: Stay up-to-date with the latest listings, under contract properties, and price reductions. Today, we see that 41% of listings are under $1M, and 16% are over $2M. Top 5 Properties: LINK

Episode #40 Welcome to the Ski Summit Show Recap! Hello, mountain aficionados and real estate enthusiasts! If you missed our live episode on August 31st, worry not! Here's a quick rundown of what we covered, featuring your host Matt Dayton and Benji, our charismatic producer. Silverthorne’s Traffic Makeover Ever found yourself caught in a traffic jam in Silverthorne near the I-70 exit? The town has an ambitious plan, click here to read all about it! By purchasing the property of three adjacent fast-food outlets that recently went out of business, they aim to significantly ease traffic congestion. Yes, you heard it right! No more dino-burgers; only smooth driving ahead. Ain't it just a bit too convenient? These food properties are available for purchase, right next to each other, all at the same time in an area that traffic infrastructure is at an... anyway. Real Estate Tips: The Beauty of 'Okay' Deals Have you ever envied that friend who always seems to snag the 'great deal'? Well, today we're challenging that mindset. Sometimes an 'okay' deal can turn into a goldmine over time, just like the stories of homeowners who bought property a decade ago and are now reaping massive benefits. Question of the Day: Keystone Stays So, where would you choose to stay in Keystone, Colorado? Whether it's a luxe ski-in, ski-out condo or a charming bed and breakfast, we want to hear from you! Winter is coming, and Keystone, Colorado, is the place to be! Planning your dream winter vacation? Let's talk about the best and not-so-best places to set up your cozy retreat. From top-tier lodges to budget-friendly options, we've got the insider scoop you won't want to miss. Matt said he'd like to stay somewhere like Lone Eagle Condominiums and after looking through the pictures on Google, we'd have to agree. Market Trends and MLS Insights For all the number crunchers out there, July showed a robust 46% increase in total dollar volume in Summit County compared to last year. But don't get too excited—August presented a bit of a dip. What does this mean for you? Tune in for Matt’s screen-shared data analysis to find out. That's it for this week’s episode! If you enjoyed this recap and are curious to know more, don't forget to like, share, and subscribe. For a deep dive into the 1031 Exchange process, check out First Exchange's webinar on August 22, 2023. Stay mountain chic, and see you in the peaks soon!

Hello, and welcome to another episode of the Ski Summit Show, where we keep you updated on everything you need to know about Summit County real estate! Today, the leaves have reached their peak colors, signaling the perfect time to talk about the housing market in this beautiful region. Summit County's ADU Incentive Program: One of the latest developments in local real estate news is Summit County's new program to financially assist homeowners in building Accessory Dwelling Units (ADUs). The good news? You can receive up to $60,000 based on the size of the ADU. Plus, many county fees are waived! The catch? The property owner cannot occupy the ADU, it must have a 6-month minimum lease, and the tenant must work within the county for at least 30 hours per week. There are more conditions, including size limitations based on your lot size and a 30-year commitment, so make sure to read up on the details. Here's the link to the Article: CLICK HERE Real Estate Tip: Radon Mitigation Radon is a serious issue for homebuyers and sellers alike. It's crucial to get your property checked and, if needed, install a radon mitigation system. Safety first! Question of the Day: If you had to pick just one ski resort to get a pass for, which one would it be? I answer this question in the video, timestamp's in the description. Market Update: We've been seeing some difficulties in getting buyers and sellers to find common ground in negotiations. It's a tricky market, so keep your eyes peeled for trends. MLS Check & Today’s Top New Listing Picks: New listings are slightly down, as are properties under contract and price reductions. Interestingly, new construction makes up 27% of total listings, although many have yet to be built. Here is the link for our top new listings! CLICK HERE Thank you for joining us today on the Ski Summit Show. Make sure to subscribe and share our blog for the latest updates on Summit County real estate!

Hello and welcome to the Ski Summit Show, your go-to source for everything related to Summit County’s real estate and mountain lifestyle. I’m Matt Dayton, your host, and today we are celebrating the onset of autumn—the best season to be in Summit County! Real Estate News Keystone residents, it's time to vote! The town is on the verge of either becoming a home-rule or statutory town. But what does that mean for you and your property? We dissect this crucial vote and its implications. Article Link > Real Estate Tips Ever heard of Title Insurance? We break down why it's essential, who generally pays for it, and how it safeguards your property ownership. Question of The Day Fall in Summit County is a leaf peeper's paradise. Here are our Top 3 picks for the best spots to admire the fall colors: Lilly Pad Lake Acorn Creek Boreas Pass Road How's the Market The Days on Market metric continues to climb, while inventory remains relatively low but is seeing a slight increase. We deep dive into these trends. MLS Check New listings went from 58 to 42 to 62 Properties Under Contract: 55 > 49 > 50 Price reductions are holding steady at around 53 Total listings have grown from 432 to 447 Thank you for joining us for today’s episode! For links to our top new listing picks, click here.

Hello and welcome back to the Ski Summit Show blog! On our latest episode, we had an extensive discussion about where to stay (and where not to stay) in Keystone, Colorado for your winter ski vacation. We also talked about local real estate news and provided some tips for buyers and sellers alike. Today's blog will offer a recap of all that good stuff. Local Real Estate News One of the biggest updates in Summit County real estate is the Uptown 240 development heading to a bankruptcy sale. For those who've invested in this property, there's still hope as $6.25 million is owed to unsecured creditors, translating to $550-$750 per square foot. You can read more about this here. Real Estate Tips: Earnest Money What’s the point of earnest money if a buyer can get it back almost up until closing? Earnest money serves as a financial placeholder and a show of good faith. It holds the property off the market and incentivizes both parties to commit to the transaction. Question of the Day Looking for a romantic breakfast date in Keystone? We'd love to hear your picks! Share your thoughts in the comments section below. Market Overview In this week's market snapshot: New listings: 58 > 42 Under contract: 55 > 49 Price Reduction: 57 > 56 Total Listings: 432 > 421 Today’s Top 5 New Listings Follow along with us as we showcase our selection for today's top 5 new listings in Summit County, here's the link to visit our Top Picks. Thanks for tuning into the Ski Summit Show. If you found this blog post helpful, don’t forget to like, share, and subscribe. We hope to see you in the mountains soon!