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- Architect Brett Confer joins us on Ski Summit Show with Matt Dayton | Episode 059
Welcome to our latest blog post featuring Episode 59 of the Ski Summit Show with your host, Matt Dayton. This episode brings you the best of Summit County's real estate, including a special feature on the most expensive home sold in the area, designed by renowned architect Bret Confer. Special Guest Bret Confer from B. ConferArchitecture discusses his design of a 7,200 sq. ft., 7-bedroom, 8-bathroom house at 460 Timber Trail. This house was the most expensive house sold in Summit County in 2023, here is the link to the article - Link > Here's a link to Brett's website - Link > Question of the Day Matt Dayton and his guest, Bret Confer, offer a delightful and engaging discussion that veers away from their usual real estate expertise into the realm of personal nostalgia. The conversation pivots to their favorite subjects in school, invoking a sense of camaraderie and relatability with their audience. Bret, an architect known for his stunning designs in Summit County, reveals his early affinity for the creative process, while Matt shares his own educational preferences, highlighting the diverse backgrounds that have influenced their professional paths. Real Estate Tips In the "Real Estate Tip" segment from Episode 59 of the Ski Summit Show, host Matt Dayton provided viewers with valuable advice on being prepared for emergencies, especially in the wintry conditions of Summit County. Here are the key points and items mentioned for an emergency winter car kit: Battery-Powered Radio: Keep updated on weather forecasts. Water and Snack Food: Store non-perishable items like energy bars to sustain you if stranded. Extra Hats, Socks, and Mittens: Essential for warmth in cold conditions. First Aid Kit: Include necessary medications and basic first aid supplies. Blankets or Sleeping Bags: Crucial for insulation if you are stranded in cold weather. Tow Rope: Useful for towing if your vehicle gets stuck. Tire Chains: Provide extra traction in deep snow. Jumper Cables: For jump-starting your car in case of a dead battery. Road Salt, Sand, or Cat Litter: Can be used for traction under tires if stuck. Emergency Flares or Reflective Triangle: To signal for help and warn other motorists. Waterproof Matches and Candles: Can provide heat in a pinch if you're stranded. Whistle: To signal for help if stranded or lost. Matt also highlighted the importance of not just having these items but also knowing how to use them effectively to ensure safety during the winter months in mountainous regions. Market Outlook In the "Market Outlook" segment of Episode 59 of the Ski Summit Show, host Matt Dayton offered valuable insights into the current state and future predictions of the real estate market in Summit County. Here are the key takeaways from this segment: Interest Rate Predictions: The segment began with a discussion about potential drops in interest rates. The Federal Reserve predicted three interest rate drops for the year, while market projections indicated up to six rate cuts. These changes are expected to increase demand and put pressure on the already low inventory in Summit County. Impact on Buyers and Sellers: With the anticipated changes in interest rates, Matt advised that it might be a good time for buyers to consider entering the market. For sellers, it was suggested that they start preparing their properties, anticipating a shift towards a stronger seller's market. Real Estate Trends: The conversation also touched on the current trends in the real estate market. Despite some increases in listings, the inventory in Summit County remained low, not meeting the rising demand. This situation could lead to multiple offer scenarios and potential increases in property prices. Advice for the Audience: Matt emphasized the importance of staying informed about these market dynamics, whether as a buyer or a seller, to make well-informed real estate decisions in Summit County. Top 5 Property Listings This week's curated selection of the best properties currently on the market in Summit County. Click the link to follow along Link > See you in the mountains soon!
- Texas Briefcase & AI Real Estate Scams | Episode 58
Greetings, Summit County residents and real estate enthusiasts! In our latest episode of the Ski Summit Show, hosted by Matt Dayton of Cornerstone Real Estate, we dive into some critical topics that blend lifestyle, safety, and real estate savvy. AI Scammers Targeting Realtors The episode starts with a cautionary tale about AI scammers impersonating realtors. Matt discusses an unsettling trend where AI technology is used to mimic real estate agents, fooling clients and creating confusion in transactions. He advises viewers on how to recognize and avoid these scams, emphasizing the importance of verifying identities through direct communication. Link to the Article > Fun Things to Do in Summit County Switching to a lighter note, Matt shares some exciting activities happening in Summit County. The show highlights the 'Backcountry and Bourbon' event at Keystone's Warren Station - a perfect blend of adventure and relaxation for the weekend. Link to the Article > Real Estate Tips: Prepping Your Home for Sale Matt provides invaluable advice for homeowners looking to enter the market. He lists the top five things to prepare your home for sale: Cleaning, decluttering, neutralizing, and depersonalizing your space. Addressing any pending maintenance or repair work. Considering a pre-inspection to identify and fix issues beforehand. Enhancing curb appeal to make a great first impression. Staging the home effectively to attract potential buyers. Market Analysis: Listings and Trends Matt takes viewers behind the scenes of the Summit MLS, discussing how listings are ramping up and speculating whether supply might soon outpace demand. He provides a comprehensive analysis of new listings, contracts, price reductions, and total listings. Top 5 Listings in Summit County The show also features the top 5 new listings in Summit County, offering viewers a glimpse into some of the most exciting properties currently on the market. Link to Today's Top 5 > As always, Matt encourages viewers to stay informed, cautious, and proactive in their real estate ventures. Tune in to the Ski Summit Show for more updates, tips, and local news in Summit County's dynamic real estate scene. See you in the mountains soon!
- The $1.8 Billion NAR Verdict: A Turning Point for Real Estate? | The Ski Summit Show Ep. 49
Welcome to the latest episode of The Ski Summit Show, where we tackle the hot topics shaping the real estate landscape. In today's episode, we discuss the recent $1.8 billion jury verdict against the National Association of Realtors (NAR) and its potential to revolutionize the industry. Matt and Benji break down the different scenarios that could unfold regarding who pays the buyer’s agent fee. Will it be the seller, the buyer, or perhaps the buyer's lender? This decision will compel agents to better articulate their value, much like lawyers do, and could awaken buyers to their right to choose and negotiate their representation. Link to the Article > Real Estate Tip In our real estate tips segment, we address the critical issue of trust in your Realtor. Trust is twofold: personal and professional. We delve into how you can ensure that your Realtor not only has your best interests at heart but also possesses the professional acumen to navigate the complex real estate market. How's the Market? Today's Top 5 Lastly, our market update presents a snapshot of Summit County's current real estate trends, where new listings, contracts, and price reductions are closely analyzed. It seems we are on a "road to nowhere," with stable listing numbers but no clear direction in sight. We also take a look at Matt's Top 5 listings on the MLS, feel free to follow along with the link below. Today's Top 5 Properties > Special Treat Question of the Day Don't miss our discussion on the best childhood memories of treats and how such simple pleasures shape our lives. Tune in, enjoy the community-driven conversation, and get informed about the real estate world with The Ski Summit Show. Thank you for joining us, and remember to like, share, and subscribe to stay updated on all things real estate in the mountains. See you on the next episode!
- Happy New Year! Matt Takes a Look Back at 2023 in Summit County
The Ski Summit Show's latest episode offers a comprehensive look at Summit County's real estate scene in 2023. Host Matt Dayton, accompanied by producer Benji, delves into various topics affecting both locals and investors. Real Estate News Key highlights of this week's episode include a detailed year-in-review of significant events shaping the county's landscape. From the implementation of short-term rental regulations to major developments in Breckenridge and Keystone, the show covers it all. Additionally, the team discusses the defeat of the Land-use bill, property valuation appeals, and the opening of the Bergman Bowl lift. Link to the Article > Real Estate Tip In this segment, Matt emphasizes the importance of aligning personal goals with existing regulations, particularly concerning short-term rentals, pet policies, and parking. How's the Market The market analysis provides insights into whether it's currently a buyer’s or seller’s market, backed by data on new listings, contracts, price reductions, and total listings. This segment also includes the Land Title Altos Report, providing a data-driven perspective on market trends. Today's Top 5 Listings Finally, the episode concludes with the top 5 MLS listings, offering viewers a glimpse into some of the most intriguing properties available in Summit County. Link to Today's Top 5 > For a detailed exploration of these topics, tune into the Ski Summit Show, and don't forget to subscribe for the latest updates in Summit County real estate.
- Navigating Summit County Real Estate: Insights and Tips for 2024
Welcome to the latest episode of the Ski Summit Show, where host Matt Dayton, alongside his sidekick Benji, delves into the complexities of the Summit County real estate market. Today, we explore the potential of ski commuter trains as an alternative to congested mountain roads and discover luxurious train tours through the Rockies. Link to the Article > Real Estate Tips In this segment, Matt advises caution on social media, especially when listing your home. He emphasizes the importance of privacy and advises against revealing personal details or motivations related to property transactions. Market Outlook for 2024 The show provides a comprehensive analysis of the Summit County Real Estate Market for 2024. With a potential dip in interest rates signaled by the U.S. Federal Reserve, Matt discusses the implications for homeowners and the housing market. Despite a challenging year with a drop in home sales and extended selling periods, the market remains robust, particularly in the vacation-home-dominated areas of Summit County. Link to the Article > Top Listings Matt also shares his top real estate picks, providing viewers with insights into the best properties currently on the market in Summit County. Link the Top 5 > Join us as we navigate the ever-evolving landscape of real estate in one of Colorado's most desirable locations. Don't forget to like, share, and subscribe for more updates and insights from the Ski Summit Show.
- Ski Summit Show with Matt Dayton | Episode 055
In the latest episode of the Ski Summit Show, host Matt Dayton and his sidekick Benji delve into the world of real estate in Summit County. Question of the Day They start with a nostalgic question of the day, reminiscing about their most desired childhood Christmas gifts, before moving onto more serious topics. Local News The duo discusses the upcoming 2024 legislative session in Colorado, highlighting Speaker Julie McCluskie and Senator Dylan Roberts' roles. The session's outcomes could significantly impact local real estate dynamics. Real Estate Tip Matt then shares invaluable tips on selecting the right property management company. He emphasizes the importance of this decision, offering his expertise to help viewers make informed choices. How's the Market? The show also covers the current real estate market, analyzing modest increases for 2024 and how improved rates are benefiting buyers. Matt presents detailed market statistics, including new listings, contracts, and price reductions, providing a comprehensive picture of the Summit County real estate landscape. This Week's Top 5 Matt gives us a tour of a $4.5M Home that just came on the market. Finally, viewers are treated to a top-five selection of ski-in ski-out properties, showcasing some of the best offerings in the area. Tune in for insightful discussions, expert advice, and the latest real estate trends in Summit County on the Ski Summit Show. Don't forget to like, share, and subscribe for more weekly updates! See you in the mountains soon...
- Navigating Summit County Real Estate: Tax Relief & Market Updates | Ski Summit Show Ep 54
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!
- Navigating Summit County Real Estate: Insights from Ski Summit Show
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!
- Navigating the Complexities of Summit County Real Estate | Episode 51
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.
- Pinion Feathers and Property Tips it's the Ski Summit Show with Matt Dayton | Episode 048
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)!
- Exploring Keystone's Bergman Bowl Expansion & Summit County Market Trends
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!
- Ski Summit Show with Matt Dayton Episode #47 | When do the Ski Resorts open?
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!