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- The Ski Summit Show with Matt Dayton: Real Estate, Snow Tires, and Market Insights | Episode 046
Hello and welcome to the Ski Summit Show, your one-stop shop for all things real estate and mountain living. I'm your host Matt Dayton from Cornerstone Real Estate, and I'm joined by Benji, my producer and live-stream sidekick from Benji Does. He'll be monitoring the chat today, so don't hesitate to ask us any questions you may have. Question of the Day Before we dive into the nitty-gritty, let's kick things off with our question of the day: Studded Snow Tires, Snow tires, or just plain ol' all-weather tires—what's your preference for the snowy mountain roads and why? Drop your thoughts in the comments below! Real Estate News In today's real estate segment, we'll be discussing an upcoming trial that could have some significant ramifications for homeowners. Starting on October 16th, the National Association of REALTORS® (NAR), along with HomeServices of America and Keller Williams Realty, will head to court. Plaintiffs argue that the commission rates set by NAR are too high and may violate antitrust laws. It's a complicated issue that could change how commissions work in the real estate industry. If you want to know how this could affect you as a homeowner or prospective buyer, feel free to give me a call. Link to the Article > Real Estate Tips: Look for the Sleepers! When it comes to real estate investments, always keep an eye out for "sleepers," or properties that are undervalued but have great potential. These could be older homes in need of a little TLC or properties in areas that are on the verge of becoming the next big thing. The key is to get in early before everyone else catches on. How is the Market? Curious about the current real estate market trends? Let's take a closer look: New listings: Numbers are fluctuating, but it's a good time to consider listing your property. Under contract: Demand remains stable, indicating a healthy market. Price Reductions: Slight variations suggest that some properties may be overpriced. Total listings: Around 27% of these are new constructions, many of which have not been built yet. So when are rates going to go down? It's the question on everyone's mind, and the answer isn't straightforward. The important thing to remember is that time in the market often trumps timing the market. Consistency and long-term planning are key. MLS Check For more real-time data, check out this MLS Portal, where you can get a snapshot of the market, including listings that might catch your eye. That's all for today's episode of the Ski Summit Show! If you found this helpful, please like, share, and subscribe. Also, be sure to check the description for links to resources we mentioned today. We hope to see you in the mountains soon! Happy Skiing and House Hunting!
- Ski Summit Show with Matt Dayton | Episode 045
Hello and welcome to another episode of the Ski Summit Show! I'm your host Matt Dayton, and I'm here with Benji, my producer and livestream sidekick. In today's episode, we cover the latest in Summit County's real estate scene, share valuable tips, and of course, take you behind the curtain of the Summit MLS. Real Estate News: Today, we give you a special sneak peek into Kindred Resort—one of Summit County's most anticipated developments. Link to the Article > Real Estate Tips: Not all developer contracts are created equal. It's crucial to read the fine print and consult with a real estate attorney if necessary, to understand what you're signing up for. Question of the Day: As winter is quickly approaching, what are some key things you need to do to prepare your house for the colder months? Share your tips and tricks in the comments below! How is the Market: Ever wondered what the 'Days on Market' statistics really mean? Today, we cut through the fluff and present a deep dive into the current market status: Eliminated new builds for accurate data 152 pending sales Average DOM is 65 Average list price at $1,409,000 We also discuss why it's essential to look beyond 'Sold' data when analyzing the real estate market. MLS Check & Top 5: Stay up-to-date with the latest listings, under contract properties, and price reductions. Today, we see that 41% of listings are under $1M, and 16% are over $2M. Top 5 Properties: LINK
- Keystone Winter Stays, Silverthorne Traffic, and Real Estate Tips with Matt Dayton
Episode #40 Welcome to the Ski Summit Show Recap! Hello, mountain aficionados and real estate enthusiasts! If you missed our live episode on August 31st, worry not! Here's a quick rundown of what we covered, featuring your host Matt Dayton and Benji, our charismatic producer. Silverthorne’s Traffic Makeover Ever found yourself caught in a traffic jam in Silverthorne near the I-70 exit? The town has an ambitious plan, click here to read all about it! By purchasing the property of three adjacent fast-food outlets that recently went out of business, they aim to significantly ease traffic congestion. Yes, you heard it right! No more dino-burgers; only smooth driving ahead. Ain't it just a bit too convenient? These food properties are available for purchase, right next to each other, all at the same time in an area that traffic infrastructure is at an... anyway. Real Estate Tips: The Beauty of 'Okay' Deals Have you ever envied that friend who always seems to snag the 'great deal'? Well, today we're challenging that mindset. Sometimes an 'okay' deal can turn into a goldmine over time, just like the stories of homeowners who bought property a decade ago and are now reaping massive benefits. Question of the Day: Keystone Stays So, where would you choose to stay in Keystone, Colorado? Whether it's a luxe ski-in, ski-out condo or a charming bed and breakfast, we want to hear from you! Winter is coming, and Keystone, Colorado, is the place to be! Planning your dream winter vacation? Let's talk about the best and not-so-best places to set up your cozy retreat. From top-tier lodges to budget-friendly options, we've got the insider scoop you won't want to miss. Matt said he'd like to stay somewhere like Lone Eagle Condominiums and after looking through the pictures on Google, we'd have to agree. Market Trends and MLS Insights For all the number crunchers out there, July showed a robust 46% increase in total dollar volume in Summit County compared to last year. But don't get too excited—August presented a bit of a dip. What does this mean for you? Tune in for Matt’s screen-shared data analysis to find out. That's it for this week’s episode! If you enjoyed this recap and are curious to know more, don't forget to like, share, and subscribe. For a deep dive into the 1031 Exchange process, check out First Exchange's webinar on August 22, 2023. Stay mountain chic, and see you in the peaks soon!
- Ski Summit Show with Matt Dayton | Episode 044
Hello, and welcome to another episode of the Ski Summit Show, where we keep you updated on everything you need to know about Summit County real estate! Today, the leaves have reached their peak colors, signaling the perfect time to talk about the housing market in this beautiful region. Summit County's ADU Incentive Program: One of the latest developments in local real estate news is Summit County's new program to financially assist homeowners in building Accessory Dwelling Units (ADUs). The good news? You can receive up to $60,000 based on the size of the ADU. Plus, many county fees are waived! The catch? The property owner cannot occupy the ADU, it must have a 6-month minimum lease, and the tenant must work within the county for at least 30 hours per week. There are more conditions, including size limitations based on your lot size and a 30-year commitment, so make sure to read up on the details. Here's the link to the Article: CLICK HERE Real Estate Tip: Radon Mitigation Radon is a serious issue for homebuyers and sellers alike. It's crucial to get your property checked and, if needed, install a radon mitigation system. Safety first! Question of the Day: If you had to pick just one ski resort to get a pass for, which one would it be? I answer this question in the video, timestamp's in the description. Market Update: We've been seeing some difficulties in getting buyers and sellers to find common ground in negotiations. It's a tricky market, so keep your eyes peeled for trends. MLS Check & Today’s Top New Listing Picks: New listings are slightly down, as are properties under contract and price reductions. Interestingly, new construction makes up 27% of total listings, although many have yet to be built. Here is the link for our top new listings! CLICK HERE Thank you for joining us today on the Ski Summit Show. Make sure to subscribe and share our blog for the latest updates on Summit County real estate!
- Exploring Summit County's Autumn Splendor & Real Estate Trends – Ski Summit Show Episode 43
Hello and welcome to the Ski Summit Show, your go-to source for everything related to Summit County’s real estate and mountain lifestyle. I’m Matt Dayton, your host, and today we are celebrating the onset of autumn—the best season to be in Summit County! Real Estate News Keystone residents, it's time to vote! The town is on the verge of either becoming a home-rule or statutory town. But what does that mean for you and your property? We dissect this crucial vote and its implications. Article Link > Real Estate Tips Ever heard of Title Insurance? We break down why it's essential, who generally pays for it, and how it safeguards your property ownership. Question of The Day Fall in Summit County is a leaf peeper's paradise. Here are our Top 3 picks for the best spots to admire the fall colors: Lilly Pad Lake Acorn Creek Boreas Pass Road How's the Market The Days on Market metric continues to climb, while inventory remains relatively low but is seeing a slight increase. We deep dive into these trends. MLS Check New listings went from 58 to 42 to 62 Properties Under Contract: 55 > 49 > 50 Price reductions are holding steady at around 53 Total listings have grown from 432 to 447 Thank you for joining us for today’s episode! For links to our top new listing picks, click here.
- Ski Summit Show with Matt Dayton | Episode 042
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!
- Ski Summit Show with Matt Dayton | Episode 038
In this episode, DJ Matt Dayton and producer Benji bring you the latest on Colorado mountain real estate, including hot topics like Summit County's short-term rental regulations, the current market analysis, and valuable real estate tips. Matt and Benji kick off the show and invite viewers to engage with them through live chat. This episode is packed with insights and expert advice, so tune in! Remember to help out the channel on YouTube by liking, commenting and subscribing if you got something from the episode. When you engage with the channel it helps to spread the word on that platform. Thanks for your help! Local News: Summit County Homeowners and Short-Term Rental Regulations Summit County is facing legal battles over short-term rental rules. Learn how this could affect homeowners and what you need to know to stay compliant. News Link > Real Estate Tips: Alignment with Local Regulations Are your property goals aligned with local laws? Matt provides practical guidance on navigating the legal landscape to ensure your real estate investments are on the right track. The Perfect Sunday Afternoon What's your ideal way to spend a Sunday afternoon? Share your thoughts and join the conversation with fellow mountain enthusiasts. Matt says his favorite Sunday afternoons are spend on Off Road Picnics where he loads up his trusty old Land Cruiser with a grill, blanket, and some good eats. Matt says, "Spending the afternoon secluded in the mountains with your loved ones is always a great time." How's the Market? A Competitive yet Slow Analysis Get an expert take on the current real estate market in Summit County. Matt shares his insights through a screen share session, covering trends and forecasts. MLS Check: Spotlight on NEW Brightwood in Keystone Brightwood in Keystone is a rising star in the real estate market. Find out what makes this area unique and why it might be the next best investment opportunity. Check them out, right here! > Thanks for Joining Us! Matt and the team wrap up the show with gratitude and an invitation to like, share, and subscribe to the Ski Summit Show. Check the description for links and don't forget to stay connected for future episodes.
- Ski Summit Show with Matt Dayton | Episode 039
Welcome to all mountain lovers and real estate enthusiasts! The August 24th episode of the Ski Summit Show, hosted by the charismatic Matt Dayton, is packed with nuggets of wisdom and the latest updates from the vibrant world of Colorado's mountain real estate. Let's dive right in! Real Estate News: Innovating Luxury Homes in Colorado Dreaming of a luxury home in Colorado's picturesque mountains but held back by budget constraints? This week, we spotlight a local company revolutionizing the luxury home market. By leveraging creative strategies and forward-thinking approaches, they've made opulent mountain living a reality for many. Tune in to learn how you, too, can bask in affordable luxury! Brightwood at Keystone Real Estate Tips: The Power of 1031 Exchange If you're considering selling your investment property, don't miss our real estate tip of the week. We explore the 1031 Exchange, an often-overlooked tool that allows you to reinvest proceeds from a sale without immediate tax liability. It's like leveraging the government's money for your next investment. Intrigued? We break it all down for you. Question of the Day: Lunch with Anyone in the World? We love engaging with our audience, and this week's question is a fun one: If you could take anyone to lunch, who would it be? Whether it's a historical figure, a celebrity, or someone you admire, we'd love to hear from you. Share your thoughts in the comments below! If you watched alone, comment our answers in the video on YouTube! It'd help us out a lot. How's the Market?: The Pulse of Summit County Real Estate The real estate market is ever-changing, and staying ahead requires constant vigilance. Matt shares his screen to give you a first-hand look at the current trends and happenings in Summit County. From market analysis to actionable insights, this segment offers everything you need to make informed decisions. MLS Check: Spotlight on Brightwood in Keystone Looking to buy in the Keystone area? Don't miss our in-depth exploration of Brightwood, a location gaining popularity for its unique offerings. Join us as we take you through the top listings and hidden gems of this appealing neighborhood. Thank You for Joining Us! Your time is valuable, and we're honored you chose to spend it with us. If you enjoyed this episode, please don't hesitate to like, share, and subscribe. Your support helps us continue to bring you the latest from Colorado's fascinating mountain real estate landscape. Until next time, stay curious and keep exploring. See you in the mountains soon!
- Ski Summit Show with Matt Dayton | Episode 033
Welcome back to another episode of the Ski Summit Show, where we delve into the captivating world of Colorado mountain real estate, offer valuable real estate tips, and keep you updated on the latest local news. Hosted by Matt Dayton from Cornerstone Real Estate and Benji, the livestream sidekick, we promise a blend of valuable insights and engaging discussions. In this week's local news, we explore the implications of Ace Hardware's decision to open a new location in Silverthorne at the Summit Place Shopping Center. How might this change affect the local real estate landscape? We share our thoughts. Link to Article We continue our discussion from Phil Jones's book, "Exactly What to Say," focusing on the last two cornerstones of conversational excellence in effective real estate negotiation. Building on last week's insights, we dive into the understanding that people operate based on their own reasons and the power of steering a conversation through questions. Join us as we dissect these principles and discuss their application in the real estate world. Our question of the day revolves around the power of asking. Have you ever made a significant request that resulted in an affirmative response? We're eager to hear about your experiences. In our market update, we analyze the surge in price reductions and what this means for potential buyers and sellers in the current market. Lastly, we highlight the top 5 new listings on the Summit MLS, offering insights into their potential as a great investment. We hope you enjoy this episode, and as always, don't hesitate to share, like, or subscribe if you found our content valuable. See you on the next one!
- Ski Summit Show with Matt Dayton | Episode 032
Hello everyone! Welcome to this week's Ski Summit Show blog post where we dissect the intricacies of Colorado mountain real estate. First, we delve into significant news from the banking sector that might have serious implications for the real estate market. In times of uncertainty, knowledge is power. We discuss these developments and their potential effects on your real estate decisions. Here's the link to the article: LINK > This week's real estate tip revolves around negotiation. We explore the first two cornerstones of conversational excellence from Phil Jones' book 'Exactly What to Say'. Learn why planning your words and fostering curiosity can make a substantial difference in your real estate deals. As part of our Question of the Day, we're inviting everyone to share a memorable experience from this 4th of July. Share your stories and find out about others' unforgettable moments. Looking at market trends, we see that new listings have plateaued. We discuss what this might mean for potential buyers and sellers in the Summit County area. Finally, we highlight the top 5 new listings that you should be checking out right now. Thank you for joining us! Don't forget to share this post on your social media platforms and subscribe to the Ski Summit Show for more real-time updates on the Colorado mountain real estate scene. See you in the mountains soon!
- Ski Summit Show with Matt Dayton | Episode 037
Welcome to another episode of the Ski Summit Show, where we bring you up to speed on all things real estate in Colorado’s stunning Summit County! Local News: Goldman Sachs recently predicted slow growth in home prices as the new normal. They forecast growth rates of 1.3% in 2023, 1.7% in 2024, 2.4% in 2025, and 3.8% in 2026. This dampening is a result of tight supply and affordability concerns, with about 82% of homeowners feeling “locked in” due to low mortgage rates. Link to the article > Real Estate Tips: The negotiation phrase of the day is “Just out of curiosity?” This is a fantastic tool to ask questions that might otherwise come off as rude or pushy. For example, instead of saying, “What exactly do you need to think about?”, you can phrase it as, “Just out of curiosity, what is it specifically that you need to think about?” This simple twist in phrasing can make a conversation feel much more comfortable. Summit County Market Update: We took a look at the latest foreclosure list in Summit County and shared the Top 5 New Listings that are catching eyes. Feel free to click the links below while you watch along. 22 Spyglass Lane 105 S Park Avenue 135 Dercum Drive 198 Topaz Road 2436 Ryan Gulch Court Question of the Day: We also discussed a very practical issue: What do you do if you need to get rid of something big in Summit County? Share your thoughts in the comments! Big Thank You: to Dan Dan the Dump Run Man! Where do you turn when you have a large item that needs to get to the dump when you live in in Summit County? You call Dan Dan the Dump Run Man! We don't know how he does it but he took care of me recently when I had an old appliance that needed to get to the dump. Thank you Dan! Thanks for tuning in to the Ski Summit Show. We hope this episode has brought you valuable insights into the current state of the real estate market in Summit County. Make sure to like, share, and subscribe for more updates, and we hope to see you in the mountains soon!
- Ski Summit Show with Matt Dayton | Episode 036
On the Ski Summit Show this week, we dived into some exciting topics related to the local real estate scene. We kicked off with updates on Summit County's housing market, with an interesting observation - interest rate hikes could be driving down transactions. Here's a link to the article: LINK > Our real estate tip this week focused on how to ease into potentially confrontational conversations. From Phil Jones' "Exactly What to Say," we examined the phrase "I bet you're a bit like me". This statement serves as a valuable tool for initiating discussions, particularly when you anticipate resistance. The phrase can foster a sense of commonality, making the conversation more relatable and easier to navigate. We also asked our Question of the Day: "What is your favorite neighborhood in Summit County and why?" We're always interested in hearing about different perspectives and experiences. Jump into the comments on YouTube and tell us what neighborhood Matt claimed as his favorite, our channel could use the engagement. Hey Home Buyers Looking for a beautiful home in ski country? We had a recent price reduction of one of our lovely mountain homes, Check it out here: LINK > We then looked at how the market is fairing, and interestingly, homebuyers are still more active than usual. We shared the "Top 5 New Listings" in Summit County, keeping our community informed about the latest opportunities in our local market. Till next time, keep the questions coming, and we hope to see you in the mountains soon!