Great weather just another reason Summit County is the best choice
“The last time it was this hot for this long in Denver, miners in Telluride rioted, corn prices shot through the roof and the General Assembly had just voted to carve Adams County and the county of Denver from massive Arapahoe County.” The Denver Post, 07/30/2008.
Today (7/30/08), the record (from 1901) for consecutive days over 90 degrees F in Denver is expected to be broken; by the time this article is published, the record could be topping 20 days in a row and counting! However … today the temperature in Frisco is expected to reach 79 degrees F, with the highest temp in the coming week predicted to be just 80 degrees F, and the chance of daily rain showers is about 20% … according to the National Weather Service, http://forecast.weather.gov.
Besides being hot in Denver, it’s also dry. The city could make a run at that record, as well. So far this year, the metro area has received only 3.28 inches of precipitation. The driest year on record is 2002, when at this time the city had 5.34 inches, and totaled just 7.48 inches for the year. Average moisture for Denver through July 28 is 10.04 inches and the yearlong average for Denver is 15.81 inches.
Meanwhile, as the map shows, areas of Summit County receive up to three times the annual precipitation as compared with the Front Range. This fact, together with the storied “300 days of sunshine,” makes Summit County the BEST place to live and/or visit. Access to world class skiing and snow sports in the winter, a long list of fun family activities in the summer, perfect weather year round… what else could a person want? A home here, perhaps? Now could be a great time to buy in Summit County!
Compare the current year to the last time we experienced a sales slow-down (2000-01). According to Re/Max Properties of the Summit research, at the end of 2001, 32% of all Keystone properties were “for sale.” In Silverthorne, the number was 30%, Dillon 32%, Breckenridge 20%, and in Frisco 15% of available units were on the market at the end of 2001. Inventory slowly declined while the market got hotter, ending with record numbers of sales and prices throughout 2006 and 2007. Currently, inventory sits close to double that of last year, but still only about 10% of available units are currently listed, and prices are holding steady. Steady, not declining, but also not skyrocketing. So, in terms of a good time to buy, now could be it. “People who are waiting for it to hit the bottom are rolling the dice,” broker John Trtanj said. “We’ve been saying for 30 years, ‘It can’t get any higher,’ and every year, it does. And when it gets higher again, this will be the time that people look back and call the best time to buy.”
Just over an hour’s drive west of this summer’s scorching temperatures in Denver, Summit County is also a great place to own real estate. Abundant amenities and strong buyer demand have held prices steady or at increasing levels, despite continued woes in other markets. Although the number of overall transactions is down as compared with the past few years, prices continue to climb, making this market one to enjoy, both for the weather, and for its steady performance.
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