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!
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