Blog
Frisco Colorado Tubing Hill Visitation Doubles in Second Year
In its second year of operation, the Frisco Adventure Park doubled its December visitation from a year ago due to promotional efforts, the weather in December and the growing popularity of the penisula’s offerings. Total participants in December 2011 numbered more than 10,000 compared to 5300 recorded in December 2010.
Apartments Lead Housing Revival
The depressed housing market has held the economy back for four years. No longer.
Home construction has begun a gradual comeback and should add to the nation’s economic growth in 2011, a turning point in the recovery from the great recession.
Builders in November broke ground on homes at an annual rate of 665,000, a 9.3 % jump from October and the fastest pace since April, 2010.
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Summit County Single Family Home Sales through October
Single family home sales in Summit County are up 25 % for the year. The Summit County inventory of all available types of property for sale has declined to 1886, 500 fewer than the amount available in July.
Our market has begun to gain traction with increasing sales and values as low as 2001. Now is the time to make your Summit County real estate investment.
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Copper Mountain Unveils U.S. Ski Team Speed Center
Within a week, Copper Mountain will unveil the U.S. Ski Team Speed Center featuring the only full length downhill training ski run in the world this early in the season. Bill Marlot, the U.S. Ski Team CEO calls the long term deal a “game changer” for his racers.
While European downhillers will have to scramble for training slopes that cannot duplicate World Cup downhill conditions, the U.S. team will be in full downhill training mode on a slope nearly 2 miles long with a 2300 foot vertical drop.
“It will provide unparalleled training for our athletes prior to the World Cup season,” Marlot said “and play an integral role in our strategic development plan for the next generation.”
The race course will have 20,000 feet of safety netting. Construction includes 12,000 feet of power cables, 16,000 feet of commumication cables and 87 new snow guns.
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Summit County Colorado Land Sales Through September
Vacant land sales in Summit County have bottomed out. Prices are down 26.9 % from 2010 creating an uptick in sales by 5.1 %. Prices have fallen enough creating demand which will now place upward pressure on values and sale prices.
Buy vacant land in Summit County today. It is an excellent well timed investment.
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United States Real Estate Vacation Home Buyer Statistics
Sharing key statistics on United States vacation purchasers:
10 % of 2010 home sales in 2010 were vacation homes.
13 is the median number of years that buyers plan to keep their homes.
34 % of purchasers that plan to use their vacation home as their primary residence in the future.
36 % of purchasers who made the purchase in all cash.
49 years old is the median age of the vacation purchaser.
70 % of purchases were single family residences.
375 miles is the median distance in miles from purchaser’s primary residence.
$ 99,500 is the median household income in dollars of the purchaser.
$ 150,000 was the median sales price in 2010.
543,000 vacation homes purchased in 2010.
7.9 million is the number of vacation homes in the United States.
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Breckenridge Revenues Very Strong
Heading into the fourth quarter of the year, Breckenridge’s revenues are already $ 3.1 million ahead of budget for the year.
Breckenridge’s sales tax revenue has soared this year, climbing to 111 % of budget.
Other sources of revenue are making strong showings as well. As of September 30th, accomodations tax revenues were 113 % of budget and real estate transfer tax revenues had exceeded expectations by 48 %.
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Advance Lodging Reservations In Mountain Resorts On Uptick
The most recent data released by the Mountain Travel Research Program indicates that skiers and snowboarders are continuing to book ski and snowboard holidays for the coming season at a steady pace.
Year over year occupancy for October – March is up overrall 8.4 % compared to the same period last year with January up 18 % and February up 10.3 %.
Looking back, in the past six months from April through September of 2011, actual occupancy was up 6.1 % compared to last year.
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Summit County Single Family Home Sales Through August 2011
A big September brings Summit County single family home sales to nearly 30 % ahead of last year to date, the strongest showing of any market segment this year.
58 single family homes sold in September 2011. The last time more than 50 single family homes sold in Summit County was in November 2007 when 54 homes sold in a month.
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Lake Dillon Theatre To Bigger Stage
In 2010, the tiny Lake Dillon Theatre Company, with a full-time staff of three, produced more theatre than the Denver Center Theatre Company.
Lake Dillon Theatre Company was the winner of the Denver Post’s 2010 Ovation Award for best year by a company and is about to launch a $ 4 million capital campaign to move out of its 60 seat cabin theater and into a two stage performing arts center it plans to build just down the street on Lake Dillon Drive.
With a population of only 800, the theatre company amazingly drew 10,407 people to see 12 offerings last year. It operates on an $ 800,000 budget and it is about to become the eighth Colorado theatre troupe to join Actors Equity, which guarantees a minimum number of union actors in every production. The staff is also about to expand to 5 people.
Next years output will be eight shows as the company begins fund raising for their new 15,000 square foot home. The current facility is about 2200 square feet. The main theatre will be a traditional 183 seat proscenium. The adjoining studio theatre, seating 80 – 100 should replicate the intimacy of the current space. For information call 970-513-9386.
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