Summit County Home // November 2016

REAL ESTATE & MOUNTAIN LIFESTYLES | NOVEMBER/DECEMBER 2016

SUMMITDAILY.COM/REALESTATE

Historic Breckenridge

TOWN SEEKS TO MAINTAIN ITS MINING DAYS CHARM

HOME FRONT

MARKET REPORT

DESIGN & STYLE

REAL ESTATE

Happy Thanksgiving!

Call me today!

Whether you are buying or selling, Now or in the next few years, See where you stand in today’s market.

Thank You!

Voyd J. “Butch” Elich II Broker Associate

305 Main St., Frisco Butch@Elich.com 970.389.4005

Your mountain realtor for over 25 years.

WELCOME

CONTENTS

Publisher MEG BOYER Account Managers CINDY BOISVERT IAN DONOVAN ERIC GROVES DAVID ROCCONI EMMA SIMMINS Managing Editor JESSICA SMITH Design Manager AFTON POSPÍŠILOVÁ Publication Art Director MALISA SAMSEL Design Team CARLY ARNOLD DARIN BLISS ASHLEY DETMERING AMY HAWF MADELYN LYBARGER u ncr edited photos f r o m g e t t y i m ag e s

Summit County Home is published monthly by Colorado Mountain News Media, 40780 U.S.

PHOTO BY HEATHER JARVIS

Hwy 6 & 24, Avon, CO, 81620. No part of this publication may be reproduced without the express written consent of the publisher. ©2016 Colorado Mountain News Media.

REAL ESTATE & MOUNTAIN LIFESTYLES | NOVEMBER/DECEMBER 2016

SUMMITDAILY.COM/REALESTATE

Historic Breckenridge

TOWN SEEKS TO MAINTAIN ITS MINING DAYS CHARM

6

MARKET REPORT

DESIGN & STYLE

REAL ESTATE

ON THE COVER This private home at 206 S. French St. is a good example of historic preservation.

PHOTO BY HEATHER JARVIS

Transactions volumes are down from September 2015.

7 #EXPLORESUMMIT

Snapshots from around Summit County.

8

HOME FRONT

MARKET REPORT

12 REAL ESTATE

11 WINTER ROOFING*

Make sure your rooftops are ready for winter weather.

September sees climbing real estate prices.

13 SUPPLY AND

DESIGN & STYLE

Holiday bucket decoration ideas from Christy Rost.

ROUNDUP

DEMAND*

Summit County real estate is more desirable than ever.

17 PRESERVING

HISTORY

Historic architecture in Breckenridge serves as a reminder of its mining-town past.

24 SERVICE

DIRECTORY

An extensive list of local professionals, brokers and REALTORS®.

25 TRANSACTIONS

Summit Real Estate Transactions, September 2016.

26 THE VIEW

A North American pika pipes up.

*SPONSORED CONTENT

Summitdaily.com/realestate

3

Elevated Resort Living Laurie Williams

Broker Associate RE/MAX Properties of the Summit

970.485.3994

Laurie@SummitCountySkiProperty.com SummitCountySkiProperty.com

0242 Elk Crossing Lane, Keystone, CO 80435| Elk Crossing AKA West Pines at Keystone | 6 Bedroom, 6.5 Bath 4,962 sq ft. | $2,200,000 With a rare peaceful river setting on .53 acres this expansive residence is the perfect opportunity for fabulous family gatherings and years of embracing memories. Ideal location on the river and bike path, alongside Keystone River Golf Course and a short jaunt to the ski lifts.

Under Contract!

0017 Edelweiss Circle, Keystone, CO 80435. Keystone East Ranch, 5 Bedroom, 6 Bath 5,530 sq ft., $2,100,000. This Parade of Homes award winning luxury property offers all Keystone Ranch amenities just out your door and steps away. Provided fully furnished, with gorgeous finishes, hot tub, wrap around deck and fire ring you can step into luxury resort living at the turn of a key.

88 Hare’s Ear Lane, Angler Mountain Ranch, 3093 sq. ft., 4 bedrooms, 3.5 bathrooms offered at $1,198,000. “Inspiring Gore Range views and private setting provide a newly completed home of comfort and serenity. Upscale finishes of granite, stone, & hand-hewn timbers.”

Under Contract!

225 Two Cabins. Very well priced, this 1.18 acre home site has sweeping views of the Continental Divide, Buffalo Mtn. and Keystone ski slopes. Located on the Raven Golf Course in Three Peaks. $290,000 Land.

0315 High Meadow Dr. in Summerwood, Dillon. You will be the envy of all who come to the house you will build on this spectacular lake & mountain view lot. Perched on the granite cliff of Summerwood over Lake Dillon, it provides a panoramic vista. .56 acre offered at $685,000.

105 Game Trail Road in Three Peaks. The most affordable home site in the prestigious Three Peaks/ Raven Golf Course neighborhood. This lot is almost a half an acre bordering the Oxbow Ranch. What a wonderful spot to build your alpine home with beautiful mountain views. Offered at $148,800.00

DREAM IT...LIVE IT! B FA

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ANGLER MOUNTAIN RANCH - 148 STONEFLY CIRCLE - SILVERTHORNE AMAZING VIEWS OF TEN MILE AND GORE RANGE. IMMACULATE, NEW CONDITION. 3 BED/3.5 BATH, 2800 SQ FT +/- $1,195,000 KOURI WOLF 970-333-0303

3 BED/3.5 BATHS, 3,874 +/- SQ FT $1,799,500 PRIVACY, VIEWS AND WALK TO MAIN STREET BRECKENRIDGE FROM THIS MOUNTAIN ELEGANT RESIDENCE. CHOOSE YOUR FINISHES NOW AND CREATE YOUR OWN CUSTOM INTERIOR DESIGN. COMPLETION SCHEDULED APPROXIMATELY 5 MONTHS FROM CONTRACT. KOURI WOLF 970-333-0303

IN TA N OU M E NIC ANC A G G OR ELE

EAGLES NEST LOTS - SILVERTHORNE 370 TWO CABINS DRIVE, 0.60 ACRES, $395,000 1475 GOLDEN EAGLE ROAD, 0.92 ACRES $289,000 KOURI WOLF 970-333-0303

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ANGLER MOUNTAIN RANCH - 29 AERIE DRIVE - SILVERTHORNE 5 BED/4.5 BATH, 5031 SQ. FT., GREEN HOME, $3,150,000 KOURI WOLF 970-333-0303

KOURI WOLF, MRE BROKER ASSOCIATE RE/MAX PROPERTIES OF THE SUMMIT 970-333-0303 KOURI@KWOLFREALESTATE.COM WWW.KWOLFREALESTATE.COM

5 RIVERWOOD DRIVE - BRECKENRIDGE 1/4 SHARE, 5 BED/4.5 BATH, 1253 +/- SQ FT, $475,000 KOURI WOLF 970-333-0303

RE/MAX PROPERTIES OF THE SUMMIT 305 MAIN STREET BOX 610 FRISCO, CO 80443 WWW.WOLFREALESTATETEAM.COM

MARKET REPORT

MAR KET PER SPECTI VE

HISTORICAL TRANSACTION BREAKDOWN

TOTAL GROSS VOLUME

MARKET SNAPSHOT

- total number of residental transactions -

1189

2014

2014 $598,246,081

2015 $784,072,868

2016 $832,677,478

September monetary volume ($174,179,706) is up 5% from September 2015. Transactions volume (297) was down -1% from September 2015.

There continues to be a shortage of inventory in Summit County.

1438

1463

2015

2016

The most active price points in August were between $400k-$500k. September had 87 Single family, 156 Multi-family and 16 Vacant land transactions.

PURCHASER HIGHLIGHTS SECOND HOMEOWNERS TRANSACTIONS YTD 2016 36% OUT OF STATE 38% FRONT RANGE 26% LOCALS 0% INTERNATIONAL

2016 AVERAGE PRICE HISTORY year-to-date

Single family is $922,641

Vacant Land is $336,198

Multi-family is $400,798

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SUMMIT COUNTY HOME | NOVEMBER/DECEMBER 2016

COURTESY OF L AND TITLE

Average Residential pricing for

HOMEFRONT

SOCIAL GALLERY

#EXPLORESUMMIT FIRS T SIGNS OF WINTER

The story of Summit County told through the people who love it most — you! Use #ExploreSummit on your photos of friends, adventures and the natural beauty of this place we love on Twitter and Instagram. Photos will appear instantly at www.ExploreSummit.com and selected photos will appear here, every month, in Summit County Home magazine

I woke up and #winter was here.

When it rains it pours.... or snows rather. First week in October and Breck can already count a few inches.

Let’s keep it up Mother Nature!

– @ trippfayphoto

Good morning!

Found this little guy on my way for coffee

– @orianderson

– @j.n.g.8

View from Loveland Pass looking northeast.

– @kekoap

– @itslovejess

DOWNWARD SNOW DOG. – @wallace.the.dood

First Snow / Sunrise – @ragfoot

– @lbtbsullivan

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7

DESIGN & STYLE

SEASONA L TIPS

Add these designs to your holiday bucket list U TILIZE BUCK E TS AND CR ATES IN YOUR DECOR ATIONS THIS SE A SON story and photos by JESSICA SMITH

Christy Rost displays a holiday bucket containing an angel surrounded by candles in her kitchen.

THE HOLIDAY SEASON IS UPON us, and with it come myriad options for decorating your living space. As snowflakes swirl outside, home interiors blossom with color, from the vibrant oranges of November to the red, greens, golds and silvers of December.

And as fun as holiday decorating is each year, sometimes it’s nice to try something new. Christy Rost is a PBS chef and lives in Breckenridge part8

time in historic Swan’s Nest, a house built by one of Breck’s gold-mining barons. Rost has a suggestion for folks trying to spruce up their decorating this season — use crates and buckets.

The idea for the decorated bucket/ crate came to Rost after she created smaller versions to act as table centerpieces for the holidays.

“It’s such a simple, quick, easy but very festive decoration,” she said.

SUMMIT COUNTY HOME | NOVEMBER/DECEMBER 2016

GET YOUR GREENERY

A large bucket can be found at any number of stores, ranging in material from metal to wicker.

You may even have one already in storage. If you don’t have a bucket, a wooden crate will do. Rost uses an old wine crate, and likes the natural look the wood gives the ensemble.

Once you’ve found the perfect bucket or crate, you can start filling

it. Rost suggests finding some greenery to make your base. If you own the property you’re spending the holidays in, look around at your yard. Rost pulled in evergreen branches and pinecones from her yard. If you aren’t in a place where you can harvest branches in the wild, check out the local nurseries, which will have wreaths and boughs available for purchase.

This woodland Santa sits in a wooden wine crate by the door. below:

Small details in the holiday buckets will add more holiday flair, such as wrapped gifts and ornaments.

THE FUN PART ABOUT THE BUCKETS AND CRATES IS THAT YOU CAN PICK WHATEVER THEME YOU LIKE TO FINISH THE DECORATION. ANYTHING CAN BE A BUCKET THEME, FROM ORNAMENTS AND SANTAS TO MOOSE AND TEDDY BEARS.

WRAP YOUR RIBBONS

With the sweet smell of evergreen filling your bucket, it’s ready for some extra adornment. Wrap a ribbon around the outside, or even weave a thick ribbon in and out of the boughs, to provide a pop of color. If you weren’t able to find a good bucket or crate, Rost suggests taking a cardboard box and covering it in wrapping paper, creating a bright and colorful container that you can eventually recycle.

PICK YOUR THEME

The fun part about the buckets and crates is that you can pick whatever theme you like to finish the decoration. For one of her buckets, Rost chose to place a Santa

figurine, surrounded by colorful vintage ornaments and wrapped presents. Anything can be a bucket theme, from ornaments and Santas to moose and teddy bears. Rost likes to bring in family mementos, to give a touch of nostalgia and familiarity to the decorations. Adding a string of lights can give it an extra glow once the sun goes down.

FIND JUST THE RIGHT LOCATION

One suggestion Rost had for decorated bucket placement was right by the front door. That way, the colorful decorations greet guests right as they enter your home. If you’re planning a holiday party, a

decorated bucket would be a great place to set small guest gifts, for easy pick-up on the way in or out. If your front door has windows nearby, your decorated bucket could do double duty, decorating both inside and out.

If people are visiting the High Country during holiday season, Rost suggests they may want to avoid the hassle of a tree and replace it with a decorative bucket or crate instead. Presents can add to the festive look, and still be gathered in one convenient place.

The most important thing with the decorated buckets and crates is to have fun. There’s no “right” way to do it — experiment with color, ribbons, additions — and see what happens.

Christy Rost used an angel as the main decoration for this holiday decoration bucket.

She recommends choosing items of a sentimental nature, to add more feeling and meaning to the decoration.

Summitdaily.com/realestate

9

FURNISHED MODELS OPEN DAILY

ONLY 2 RESIDENCES REMAINING!

It’s how Breckenridge does luxury.

WATER HOUSE MERGES THE PRACTICAL WITH THE GORGEOUS to include the modern sensibilities that make even a weekend stay feel like a long, glorious escape. Residences are spacious and comfortable with ample natural light.

Special interior appointments are upscale and modern and include professional gourmet-style kitchens, slab granite, spa-style bathrooms, and wood floors.

With several residences already sold, don’t miss out on the opportunity to be a part of the newest in luxury living.

For more information contact your local broker or visit our sales center at Slifer Smith & Frampton Real Estate 117 S. Main Street in the heart of Breckenridge 970.453.9090 - waterhouseonmainstreet.com

ROOFING

SPONSORED CONTENT

Getting the most out of your roof

by LEO WOLFSON | brought to you by BRECKENRIDGE BUILDING CENTER

A ROOF IS A NECESSITY TO ANY HOME but what many people don’t know is that it provides a lot more than just protection from the elements. A well-built and consistently maintained roof can provide energy savings, a snappy look to the outside and security for generations. Ramon Gomez runs RG Roofing Construction in Summit County and has been performing roof installation and maintenance for over 15 years. That time has helped him learn a few practices that help certain roofs stand out from the rest of the pack. According to Gomez you get what you pay for when it comes to investing in a roof. Spending the money to get the right roof is an especially important investment in Summit County because of the toll that our extreme winter climate takes on the outside surfaces of home.

“Because of the weather in the winter that we have here, once you get the snow, the weight of it can be very hard on a roof,” said Gomez.

KNOWING YOUR OPTIONS

Due to the less than average longevity of High Country roofs, it’s invaluable to know the best styles and brands available. Only purchase shingles that have a 20-50 year warranty and are offset in layout.

“Offset shingles are the more common material that we use up here and that’s the most recommended for this area,” explained Gomez.

Offset are no different than regular shingles in their gravel/asphalt makeup. The difference between these and straight-up shingles is that offset are laid out on separate tabs with spacing between each shingle varying from 4 to 6 inches in a staggered, angled form. Offset aren’t cheap though typically running around $120/ sq ft with a whole roof coming in at least $10,000 for an average-size home.

For those with a smaller budget Gomez recommends metal shingles.

Metal shingles cost more per square foot but are larger in size, which can make for a cheaper overall cost on bigger homes.

“It’s more expensive but less is more,” said Gomez.

The downside to metal shingles is that they can’t be used on houses with dormers because ice dams tend to build up.

When it comes to the makeup of a shingle, a few style options exist. A standard asphalt texture with rectangular shape is most common but presidential shingles, on the other hand, come with a ‘shake’ texture that mimics the look of real cedar wood. Beyond that outside appearance, there’s nothing woody about presidential, as it’s made with a fiberglass build that provides more strength and durability than actual cedar.

DIY MAINTENANCE

Installing shingles yourself is a doable task that can save money if you have a few days to devote to it.

A roofing nail gun makes the work faster and easier but even a traditional hammer and nail will get the job done. The tricky part comes when reaching a peak or ridge in the roof.

Make sure ridge-cap shingles are used at the peak and that all exposed surfaces are covered up. Ensuring

Offset shingles like these provide a clean look to the roof of the house while providing protection from nature’s elements. That alone won’t save a roof however as consistent maintenance is required to ensure a long last.

that full covering occurs requires some overlapping and alternate spacing that’ll differentiate from the layout on the rest of the roof.

A quality roof should last at least 20 to 25 years, but this can only occur with regular maintenance and upkeep. Keeping the gutters clean is important because water and other materials build up quickly inside, causing added weight and pressure on the surfaces, which often leads to leaking. Sitting water

that’s not removed before winter can become a cumbersome ice dam.

“Sometimes people just don’t look at the roof until they’ve got a problem,” said Gomez. “People need to keep constant maintenance on their roofs especially if it’s in the winter time.”

Once the winter hits shoveling snow off the roof should be done regularly.

“Four feet of snow is very hard on it. Snow is a lot of weight and it’s the main reason for a lot of maintenance,” said Gomez.

Breckenridge Building Center | 13445 Hwy. 9, Breckenridge | (970) 453-2372 | www.breckenridgebuildingcenter.com

Summitdaily.com/realestate

11

INDUSTRY

R E A L ESTAT E ROUN DUP

SE P T E M BE R’ S

magic numbers

total value of sales $175.79M (2016)

$159.928M (2015)

September sees climbing real estate prices WHILE THE MONTH SAW NE ARLY THE SA ME TOTAL SALES A S IT DID L A S T Y E AR, THE RE V ENUE INCRE A SED NE ARLY 10 PERCENT

by KAILYN LAMB

total number of sales 306 300 (2016)

(2015)

30

number of sales a b o v e $1 m i l l i o n

TOP FIVE:

September $9,250,000 breckenridge

Peak 8, Sub 1, Lot 3 (mixed-use land, housing and recreational) $3,416,244 copper

Lewis Ranch, Lot 6 (residential home) $2,550,000 breckenridge

Homestead Ranch 7 (residential plot) $2,200,000 breckenridge

Highlands at Breckenridge (residential plot) $1,975,000 breckenridge

Four O’Clock Sub, Lot 35 (residential home) Source: Summit County assessor’s office

12

FOR REAL ESTATE AGENTS IN Summit County, the month of September can be a “warm” market as people try to buy or sell property before the coming winter months.

For buyers, this can mean finding the best ski-in, ski-out condo before the onslaught of opening day. Cody Thomas, a broker associate with Paffrath & Thomas Real Estate, calls it “snow fever.”

Thomas also said that some of the buyers he has, particularly those with children, become more serious in September. Since their kids have started school they can concentrate more on the housing market, Thomas explained.

“They went from their crazy summer with the kids and all that and they were able to really focus,” Thomas said.

But for people selling their property, it means something entirely different.

Thomas said that while some people will begin to take properties off the market to rent them for more money during the ski season, those who need to sell will often begin to lower their prices in September. Thomas said this creates a more aggressive selling price before the fall begins to slow down.

“Some of that has to do with people (that) had their price high from June, July, August, September. They’re starting to lower it to get their place pending before winter,” he said.

This year, September saw 306 total real estate sales, just a smidgen higher than what was sold in the county over the same month last year. But the value of those sales tells a different story.

September of 2015 revenue from real estate sales hit $159.928 million. This year’s revenues topped $175.79 million.

Beverly Breakstone, the Summit County assessor, said that the boost in sales total follows the same increasing price trend the county has seen for the past two years.

“That’s a 9.4 percent increase, which continues to be pretty significant,” Breakstone said.

The same can be said for sales that topped over $1 million. This September,

SUMMIT COUNTY HOME | NOVEMBER/DECEMBER 2016

Paffrath & Thomas real estate closed on this condo off of Four O ‘Clock Road in September 2016. Photo courtesy Paffrath & Thomas Real Estate

EDITOR’S NOTE: Real Estate Roundup is an ongoing series offering a monthly glimpse at the local real estate market with transactions, historical comparisons and analysis from a rotating corps of High Country brokers. The series tackles commercial and residential sales for a bird’s-eye view of the ever-changing alpine real estate market — and how Summit County compares to neighboring alpine communities.

the county sold 30 properties valued at seven figures or above. Last year saw 33 $1-million-plus sales. So while 2015 saw more million-dollar homes sold, the total value for this year was higher.

Real estate sales in the county also saw a nearly $43-million increase from last month. September saw more total sales, as well as more sales over $1 million compared to August.

Last month was fairly stagnant for sales when compared to 2015, and some real estate agents attribute it to a high demand for condominiums in the county — property that many agents do not have.

For September, Breakstone said that 133 of the sales were condos. She added that usually condos make up 57 percent of property types here.

Thomas said that the community is continuing to see a shortage in condos on the market, but other things, like

single-family homes are in larger supply.

This month, the county sold 65 singlefamily homes.

“If you’re looking for a ski-in, skiout condo, I still think the inventory is really low, and of course anything lower-price range is really low,” he said.

“But if you’re looking for a singlefamily home, you know from say a million, to a million-eight, or two million for that matter there’s a lot of single-family homes on the market.”

But the demand for single-family homes is more of a trickle Thomas said and some of that is because there are more properties to choose from.

The largest sale this month was a 1.6 acre lot on Peak 8 that Breakstone said was a multi-use plot of land. She added that the people who bought the land will likely integrate it for recreational use in addition to residential because of the location. The lot sold for $9.25 million.

THE BU Y ER’S C OR NER

Where Have All The Houses Gone? brought to you by BUYER’S RESOURCE

ANY CONVERSATION about real estate these days will quickly turn to the question about “inventory,” or the lack of it. No one, it seems, can remember when the shortage of properties available for purchase has been so profound. In all of Summit County, from Breckenridge to Silverthorne; from Keystone to Copper, and everywhere in between, there are about 400 active residential listings as of this writing, according the Summit Association of Realtors MLS system.

Scary, given there are over 600 realtors in Summit County. It kinda makes the Buyer’s Resource business model — Exclusive Buyer Representation — look mighty appealing. While the other 600 brokers in Summit County are fighting over a very finite pool of listings, we get to help all the buyers. Or at least all the buyers smart enough to hire the only brokerage that works just for buyers.

HOW DID WE GET TO THIS POINT WHERE THERE IS SO LITTLE AVAILABLE TO BUY? Basic Economics 101: supply and demand. When the great recession/real estate melt down hit in 2008, development — the creation of new residential inventory — pretty much came to halt.

And many in the pool of buyers hoping to acquire a vacation home saw their net worth wealth decrease by a third.

While the desire to own a piece of Summit County never wavered, the ability

to do so did. The result was property values across Summit deflating 20 to 25 percent. Only the foolish, or the brave, were buying in that sinking market (but those that did are smiling now). But as time went by, as buyers recovered from the great recession, as our mountain economy rebounded to record levels, as the Denver economy heated up and attracted more people to high paying jobs, the ability to purchase a mountain getaway started to catch up with the desire. The fence where all the buyers were sitting, waiting, gathering confidence and watching our market, got more crowded, bolstered by a new population of buyers keen on getting a Summit second home.

Then the rope dropped. Seemingly, everyone who had been on the fence, contemplating a purchase, waiting for the right time, all jumped off the fence on New Year’s Day, 2015. The first quarter is historically the slowest time of the year in the Summit County real estate market. Potential buyers have just finished the holidays — and paying for them — and are preparing to ante up to Uncle Sam. They have already booked their rental condo for a ski season getaway. So, why buy a condo in January or February? By the time you close, most the ski season is behind you. Nonetheless, the first quarter of 2015 was striking in the amount of activity transacted. Looking back, in our June newsletter of 2015, I commented,

“The Summit County real estate market has seen extraordinary action during the first half of the year, a time that typically is somewhat dormant. What’s going on?

There have been a lot of buyers who have had a second home on their radar screen for a long time, years for some, but most have been sitting on the fence, watching the economy, monitoring interest rates, waiting for the Summit County real estate market to hit bottom.

We have hit bottom. Interest rates are still low. The economy is improving; unemployment is below 5.5 percent nationally (under 4.3 percent in Colorado) and buyers are feeling more comfortable, more confident, and are tired of waiting.

And it seems like they’re all jumping off the fence at the same time. This pent up demand is confronted with a scarce inventory. Not much was built after the great recession and the ‘normal’ absorption of inventory has left the county with a palpable shortage of homes and land for sale.

So, is it a good time to buy? Our money says buyers do not want to be asking that question a year from now.“ And the feeding frenzy has been going on ever since. Which brings us to today. So, how bad is it?

• Today, if one wanted to buy a single-family home in Frisco, there’s only eight to choose from, only one listed under $1 million.

SPONSORED CONTENT

• How about a Dillon condo?

There are hundreds of condos on the perimeter of Dillon overlooking the lake. None are currently on the market.

• A nice two-bedroom condo close to the slopes in Breck under $500K? Zero listings. Under $600,000. Zero again. The lowest priced two-bedroom condo in Breck is $615,000.

• How about the Wildernest neighborhood, a popular target area for Denverites looking for a ‘starter’ second home? There’s over 2,000 units in the Wildernest neighborhood, but only four active listing priced under $500K. It all begs the big question, “What’s going to happen to this market?”

Two dynamics are certain. First, Summit County is an area of finite development opportunity. The towns and resorts are surrounded by public lands, mostly U.S. Forest service land, which, with a few exceptions, cannot turn into ski condos and trophy homes.

Every time we go through a new cycle of activity, and demand, like the current cycle, pressure is put on the little remaining undeveloped land. Point is, we are marching ever so closer to build-out. Second, demand for real estate in Summit County will intensify.

Colorado’s population has expanded by a million people since the turn of the century and projections for growth in Denver and the Front Range corridor for the next 20 years are scary.

Supply and demand. While we have seen in the past how the federal government and Wall Street have demonstrated a propensity to screw things up (like the great recession) short of that happening again, it is hard to imagine one will be able to buy tomorrow at today’s prices.

For 30 years we’ve been educating real estate buyers about the importance of using an E X C L U S I V E B U Y E R’ S A G E N T

We Protect Real Estate Buyers.

In The Buyer’s Corner Since 1987!

CALL BUYER’S RESOURCE TODAY to find out how we make buying a home a pain free experience.

970.668.5165 | 800.666.7709 | WWW.SUMMIT-REALESTATE.COM Summitdaily.com/realestate

13

LIV

#thelifeyoulove

in the mountains

livsothebysrealty.com 970.453.0550 Pictured: 80 Wolf Court, Como. 3 Bedrooms, 1 Bath, 3,705 Square Feet, $365,000. Jeni Friedrich 970.485.3837

The life you love.

Bret Anon 970.376.3813

Scott Dodge 970.368.0420

186 Golden Age Drive, Breckenridge 4 Beds, 4.5 Baths, 6,516 SF, $1,875,000

161 Sunrise Point, Breckenridge 4 Beds, 5.5 Baths, 7,045 SF, $4,950,000

Scott Dodge 970.368.0420

Jack Wolfe 970.368.0018

1003 Boreas Pass Road, Breckenridge 4 Beds, 3.5 Baths, 4,557 SF, $2,499,000

38 Quandary Lane, Breckenridge 4 Beds, 4 Baths, 4,102 SF, $925,000

Tom Day 186 Rachel Lane, Breckenridge Garmisch Haus︱ 2476 Garmisch Drive︱Vail︱$2.695M Garmisch Haus︱ 2476 Garmisch Drive︱Vail︱$2.695M 970.390.1801 4 Beds, 4.5 Baths, 2,952 SF, $1,225,000

livsothebysrealty.com

970.453.0550 101 South Main Street, Breckenridge BRECKENRIDGE

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BEAVER CREEK VILLAGE

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CASTLE PINES EV E RG R E EN

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CHERRY CREEK

VAIL VAL L EY

This private home at 100 S. Harris St. is a good example of historic preservation.

Photo by Heather Jarvis

FROM MINES TO MANSIONS Restored buildings preserve Breckenridge’s historic architectural character

BY HEATHER JARVIS

T

his year the nation celebrates 50 years since the passing of the National Historic Preservation Act, and, as the federal government continues to recognize the importance of preserving its history, so do local governments. Breckenridge has a rich history with two mining booms, the first dating back to 1859, and town officials acknowledge the importance of maintaining its historic identity not only to preserve the past for future generations, but also to increase tourist traffic drawn to its character and charm.

LOCAL HISTORIC DISTRICT The Breckenridge Historic District was established in 1980, and is federally designated on the National Register of Historic Places. The district has the highest concentration of historic buildings in the community, encompassing Main Street up to High Street and French to Jefferson streets.

There are more than 200 buildings that contribute to the district — which includes smaller sheds and outhouses — making it one of the largest historic districts in the state of Colorado, according to Larissa O’Neil, executive director of the Breckenridge Heritage Alliance (BHA).

Although there are no buildings from the first year of the town’s establishment in 1859, Breckenridge does still hold several buildings, some modified, that originated in the 1860s, early 1870s.

“Initially it was all log cabins, that’s all they had the capacity to do, and then sawmills brought on the ability to really go vertical and to have two-by-fours and different sizes of lumber that could be used to create these taller buildings and the false fronts,” O’Neil said.

Most of the historic architecture in the town is considered from the Victorian era.

This period roughly corresponds to Queen Victoria’s reign, which was from 1837 to 1901. There are different styles of Victorian buildings, including Queen Anne or Italianate. A good example of this traditional Victorian structure is the Warming Hut restaurant on Main Street, with its elaborate features and bric-a-brac. Most of the rest of Breckenridge’s construction from that time period, however, is simpler.

“A local architect who’s also on my board calls our architectural style ‘simple Victorian vernacular,’ which basically means there is sort of the Victorian styles but not as ornate as you would see in other places that are much more traditional Victorian,” O’Neil said.

right:

The Old Masonic Hall at 136 S. Main St. was a former masonic lodge turned into an art studio with offices and meeting space. bottom:

The Warming Hut is a good example of traditional Victorianera style, with its ornate features and bric-a-brac. Restoration was completed on the building in 2011.

“Initially it was all log cabins, that’s all they had the capacity to do, and then sawmills brought on the ability to really go vertical.”

– Larissa O'Neil

Breckenridge Heritage Alliance

18

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She attributes the simplicity to trying to make buildings that would get through a harsh winter season, and not having the time or funds to give the buildings the more elaborate look. Although Breckenridge was a wealthy community in the mining days, it wasn’t as wealthy as communities like Leadville, she said.

Breckenridge’s period of historic significance goes up to 1942, which is the year that dredge mining stopped, although most of the structures in the Historic District are from the late 19th century.

PLAQUE PROJECT Several years ago, the town started a project offering plaques to owners of historic buildings within the Breckenridge Historic District. The BHA recently took over the project, and this year has been working to complete it, making sure every building that qualifies is offered a plaque free of charge. To meet qualifications, the building — whether town owned or privately owned — must be historic, within the district, and it must contribute to the character of the district.

“It’s an honor,” O’Neil said. “It shows that homeowners or building owners have invested the time and money in maintaining the historic character of their property.”

REMODELING The goal of the district is to protect its historic character through the careful preservation of historic structures and the sensitive design of new buildings in their context, according to the town of Breckenridge’s website. So while buildings within the district can be modified, they have to follow design standards. In 1992, the town adopted the “Handbook of Design Standards for the Historic and Conservation Districts” to establish these standards for all new construction and renovation of existing structures.

“The basic tenants of the town’s guidelines for historic preservation are that you really have to maintain the exterior as it looked historically,” O’Neil said. “So sometimes that means a building has been added on to over the years, and the addition doesn’t complement the historic structure, so taking off that addition. Things like keeping the historic windows if possible, keeping the doors in the same place. Trying, if possible, to make the façade, the front of the building, look as historic as possible.”

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above:

The Fuqua building, in the Breckenridge Arts District, was completed in 2008.

PRESERVATION IN COLORADO The National Historic Preservation Act was established in 1966 to preserve historic heritage for future generations. It provided federal legislation that established the National Register of Historic Places — an official list of the nation’s places worthy of preservation — which includes Breckenridge’s Historic District. It also established the State Historic Preservation Offices and list of National Historic Landmarks, and other policies designed to protect prehistoric and historic sites.

“Also the federal process for taking into consideration historic buildings and sites when federal monies are spent on a project,” said Amy Unger, survey and education grant coordinator with History Colorado’s State Historical Fund (SHF).

Each state has an office that administers historic preservation programs, like History Colorado.

SUMMIT COUNTY HOME | NOVEMBER/DECEMBER 2016

Within, History Colorado, the Office of Archaeology and Historic Preservation (OAHP) serves as Colorado’s State Historic Preservation Office and assists property owners with listing historically and architecturally significant buildings, structures and sites in the National Register of Historic Places and the Colorado State Register of Historic Properties, as well as coordinating federal and state tax credit programs. The SHF is also part of History Colorado and works closely with the OAHP. “Colorado is pretty unique in the amount of incentives that we have,” Unger said. “Not all states have state tax credits, some have them, but they are much more limited. Colorado is a forerunner and a leader.”

The SHF uses gambling money from Cripple Creek, Central City and Black Hawk. Funds generated by gambling are set aside each year to be distributed by the office as grants for historic preservation across the state. The fund allows nonprofit and government entities to leverage money available for historic preservation to do

restoration and rehabilitation work. SHF also funds archaeology projects, architectural surveys, nominations, interpretation and preservation education projects.

“When those gambling cities were established, people wanted to make sure that the money that was generated went to a good cause,” Unger said. “Colorado has always respected its history, because it’s so rich in its history.”

The SHF has given out grants in all 64 counties in Colorado.

According to a document posted on History Colorado’s website, Summit County was awarded 24 grants for a total of $592,026 from the fund’s inception in 1992 (state fiscal year 1993) through the end of fiscal year 2015. A total of 4,210 grants were given out in Colorado, equaling $273,421,244.

“Some communities are really lucky, like Breckenridge, that recognize very early on the significance of protecting its historic buildings, and what an impact it had on the character of the town, the vibrancy of the town.

Some towns don’t see it until they start losing those buildings.”

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REALTOR® Offices

Diamond Properties

Omni Real Estate

8Z Real Estate, LLC

Don Buckalew Real Estate Co.

One Realty, LLC

A&M Mountain R.E., Inc.

Donald Picard

Paffrath & Thomas R.E.S.C

Advantage Unlimited, Inc.

Ebert Appraisal Service

Park County Assessor

Ajax Real Estate, LLC

Edith Hughes

Patricia Whetham

Alford Properties

Exclusive Mtn Retreats R.E.

Patty O’Brien Real Estate

Alida’s Mountain Properties

First Tracks Real Estate

Peak One Appraisals

Alliance Realty-Metro Brokers

Forsythe Appraisals, Inc.

Phelps Real Estate, LLC

Alpenglow Real Estate

Galeano, Inc.

Pierpont Properties

Alpine Appraisal, Inc.

Girten Land Company

Powdr-Copper Properties

Alpine Broker Realty Inc.

Gordon Herwig

Professional Appraisal Service

Amenta Real Estate

Grand Appraisal Service

Progressive

Apre`s Mountain Properties

Hayden Outdoors

Propp Realty Inc.

Aspen Real Estate

High Country Real Estate, LLP

Prudential Team Realty

Barbara Nelson Real Estate

Home Buyers Marketing II, Inc.

Quick Colorado Real Estate

Bella Vista Prime Realty

Home Pride Realty

Ralph A. Herzog

Benchmark Realty, LLC

Homewise Realty

RE/MAX Alliance

Birch Real Estate Services

IMI Resort Props of Colorado

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Breckenridge Associates R.E.

Integrated Property Services

Re/Max Properties/455

Breckenridge Grand Real Estate

Jack Lee

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Jefferson Real Estate, Inc.

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Breckenridge Real Estate Co.

Joanne Van Steenberghe

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Breckenridge Real Estate Group

John Kane Enterprises, Inc.

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Century 21 Gold, Inc.

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Rodger Real Estate, LLC

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Summit Association of Realtors

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Ten Peaks Sotheby’s I.R.

CORE Realty Advisors, LLC

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David D. Heimbrock

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Nelson Realty of Fairplay,Inc.

Velocity R.E. & Investments

David Watson

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Dawn Crane

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24

DIRECTORY

SUMMIT COUNTY HOME | NOVEMBER/DECEMBER 2016

MARKET REPORT

TR ANSACTIONS

SUMMIT REAL ESTATE TRANSACTIONS SEPTEMBER 2016

LOCATION Purchaser | Price | SELLER TENNIS TWNHMS CONDO, UNIT 1302, Mark H Holtz | $392,000 | WILKINSON, CHARLES & SUSAN BEAVER RUN CONDO, BLDG 4, UNIT 4223, Brian A & Antonia M Sassolino | $335,000 | GERY & DIANNE KRIESER TRUSTS CRESTWOODS SUB, LOT 5, BLK 1, Christian & Ahauna Earl | $799,000 | GOFFREDO, DAVID SEASONS @ KEYSTONE CONDO, UNIT 1832,

Seasons @ Keystone 1832 LLC | $575,000 | 9/2/2016, PRIESS, MICHAEL & LAURA

DILLON VALLEY EAST CONDO, BLDG Y, UNIT 104, William, Gayle David & Chris Burd | $216,000 | SUMMIT SKI PROPERTIES LLC RAINBOW RUN SUB, LOT 103, Sabrina Stratford | $500,000 | RAINBOW RUN LLC MILL CLUB CONDOS, UNIT 208, Vikas & Amber D Khanna | $497, 500 | SIFFORD, JAMES & BARBARA PASSAGE POINT CONDO, UNIT 410, Christopher

& Susan M Linton-Smith | $420,000 | ISKALIS, STEPHEN & MOLLY

RIVERBEND LODGE,

Allen & Allison M Nygren

| $128,500 | REYNOLDS, GARY & PAULA SPYGLASS TWNHMS, LOT 13, BLDG C, Trudy v Lundberg Trust | $338,000 | HAYHURST, SHANNON PONDS @ BLUE RIVER CONDOS, BLDG N-9, UNIT 137, Michael G & Susan L Bartosch | $650,000 | BARBUTO, WILLIAM NORTHSTAR CONDOS, BLDG 5, UNIT 1964, Melvin G & Mary A Stagner | $560,000 | CAROL ABBOTT TRUST HIGHLAND GREENS LODGE, UNIT 204, Paula J Blum Trust | $295,000 | ROBYN SUDKAMP & GEORGE SELIMOS WHITE WOLF TWNHMS, UNIT 16, Kanneth J & Susan E Munro III | $850,000 | GRAVES, CATHARINE & RICHARD GREENARM COMMER CONDOS, UNIT 106, Dianne McGinnis | $500,000 | DGG SUMMIT LLC DILLON VALLEY SUB, LOT 21, BLK 8, Purgatory LLC | $470,000 | IANDIORIO, BRADY & TESS SILVER SHEKEL SUB, LOT 62, Lee P Wright Robert L Coons | $799,000 | CLOVER, RICKY & CARRIE GOLDENVIEW SUB, #2, LOT 15, William White | $1,940,000 | SHER FAMILY MGT COMPANY LLC

QUANDARY VILLAGE SUB, LOT 20, BLK 3, Mark & Marketa Dedrick | $830,000 | RICHARD JENNY & AMY LINDMOOD TRUSTS

HIGHLAND GREENS LODGE, UNIT 104, Stephen B Wilkins | $245,500 | GEMPELER, MICHELLE

CACHE @ UNION CREEK, UNITS F2-302, Michele S & Robert R Serbe Sr | $319,000 | JONES, DENNIS & VICKI

Andrew & Nicole Murphy

TELLER CROSSING TWNHMS, UNIT C, Cindy & Jeffrey Giullian | $930,000 | PARTHEYMULLER, MICHAEL & MARY

LEAP YEAR SUB, LOT 305, | $525,000 | GREGORY MILLER TRUST

SUNNYSLOPE SUB, LOT 147, BLUE RIVER ESTATES, Benjamin J & Molly Kelly | $680,000 | JAMES & JO ANN WALTERS TRUSTS

ANGLER MOUNTAIN RANCH, LOT 6-A, LAKESIDE TWNHMS,

Lawrence & Margaret B K Gilbert | $760,000

| KENDALL, ROGER & MARGARET LIFTSIDE @ BRECK CONDO, UNIT 323, Jean & Joseph Cuchiaro | $242, 500 | SCHROEDER TRUST RIVER MOUNTAIN LODGE CONDO, BLDG W, UNIT 207, Gina B Hardin | $255,000 | NEW DIRECTION IRA INC & J CRAMER SEP IRA CHAPERRAL CONDO, UNIT 104, David & Dolores Sala | $450,000 | SALENIEKS, ALVIS & KARINA LOT 3 DUPLEXES, LOT 14-B, Terry A & Linda B Bannister | $635,000 | REHM, WILLIAM & MARY LAKE FOREST CONDOS, UNIT 202-F, Hubbard L & Kathy R Helm | $447,500 | TRIBBETT, KI RESERVE @ FRISCO, #2, LOT 2, BLK 1, Patricia Janes | $1,150,000 | WHATLEY, ELIZABETH A BEARS DEN CONDO, BLDG C-2, UNIT 19,

Alternative Chiropractic Center PC | $218,000 | JOHNSON, LYNN

WILLOW GROVE SUB, #2, LOT 16-B, Sarah E Lococo | $355,000 | CHAMBERS, PETER TAMARISK CONDO, UNIT 306, Tamarisk Penthouse LLC | $585,000 | STEFFANS, VIVA TIGER RUN RESORT PARK SUB, LOT 241-242, Kelly & Cheryl Ireland | $525,000 | PARRISH, WILIAM & SUE SADDLERIDGE TWNHMS, LOT C-2, Yanick & Valerie Marzin | $420,000 | KAISER, JERALS & HILDE SODA CREEK CONDO, UNIT 5-G, Gregg S Freeman | $325,000 | WILKINSON, WILLIAM

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THE VIEW

LOCALES

PIK A PIPES

This North American pika was busy stashing grasses for the winter high on the Continental Divide above Loveland Pass. Pika live only in high mountain ecosystems that are cool and moist.

26

SUMMIT COUNTY HOME | NOVEMBER/DECEMBER 2016

PHOTO BY BILL LINFIELD

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