Investor Corner
"Your Home as an Investment"
"The Ranch" at Whispering Aspen Cabin Resort
The resort is located adjacent to the town of Fairplay, Co. in Park County. The town of Fairplay is 9 miles from the Summit County border and 22 miles from the town of Breckenridge. Mountain communities that are located near major ski resorts have exploded in real estate value over the last 10 years. Some examples of this are the towns of Eagle, Avon, Edwards and Gypsum near Vail Ski Resort. Also the towns of Carbondale and Basalt near Aspen, Co.
- Ranch Style Log Home, $219,000.00, 995 square feet.
- Cape Cod Log Home, $269,000.00, 1451 square feet.
- Whispering Aspen HOA Dues, $95.00 per month. Includes water, sewer, trash removal, snow removal, and common area maintenance.
- Park County Property Taxes 2006. Total home value x .004485. An example would be $200,000.00 x .0047388 = $897.17 Annual Taxes
Summit County Sales Statistics 2004
(Breckenridge, Copper, Keystone, Dillon, and Frisco)
*Housing Sales up 21% in 2004 over 2003.
*Breckenridge sales up 35% over 2003.
*Lot sales Summit County up 43% over 2003.
*Average price Summit County 2004 including condominiums, $366,369.00
*Average price single family home Breckenridge, $802,591.00
*36% of all home purchases were second home or vacation homes in 2004.
*Fastest moving price range of second homes 2004 was 400K to 800K.
*Average price per square foot Breckenridge, approaching $300.00 per foot.
*Increase in average price home from 1990 to 2000 in Summit County
1990=$111,257.00
2000=$330,266.00
*Average annual sales price increase Summit County 1990 to 2000= 11.5%
*Average nightly rental Rate for 2 bedroom in Breckenridge= $295.00
*Average stay in rental units Breckenridge, Co. 4.6 nights
*Number of ski visits to Breckenridge, Co. annually, 1.4 million
*Number of ski visits to Keystone, Co. annually, 1.0 million
*Number of ski visits to Copper Mountain Co. annually, 850K
*Industry ski dollars spent in Colorado 2004, 1.6 billion
*Industry hunting and fishing dollars spent in Colorado in 2004, 1.5 billion.
(Sources of statistics provided by National Association of Realtors, Summit Daily News, Colorado Mountain Real Estate, Denver Post and other resources)
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