Summit County Real Estate

The Summit Daily ran an article today about the possibility of using the standing dead trees to heat buildings in Vail. Summit County has also looked into the possibility of using the wood (called biomass fuel) to provide heat with no additional carbon output into the atmosphere.

All over the country, you hear about how bad the real estate market is. We get low offers on properties from people who are convinced the market is softening, and our Sellers, who know otherwise, aren’t interested in looking at them. Why? Because they don’t need to.

I am on my way home from attending the Rocky Mountain Resort Alliance meeting in Sun Valley, Idaho. The focus of the group is on trends and concerns that affect the real estate markets in our resort areas. With the exception of Sun Valley, the resorts all reported that sales are strong, inventory is hard to come by, and prices are headed up. Sun Valley is coming out of a market correction that several people felt was overdue.

Today I had an offer on a property that was $75,000 less than the asking price, which was just over $500,000. The Seller was insulted and wanted to know what the Buyer was thinking! I know what he was thinking; that is is a Buyer’s market, which is what all the media outlets are telling people.

We skied Copper Mountain on Sunday after the ski mountain opened for the season on Friday, November 3. The snow was surprisingly good and even the Poma at the top was open for access to Hallelujah Ridge. The parking lot was full and the lines were long, but who cares? The snow was great, and this early in the season, the legs need a break in between runs.