In welcome news for the housing market, CNN Money recently reported that the average cost of closing on a mortgage has fallen by 7.4% over the past year. As an example, at the end of June, a home buyer in the United States looking to close on a $200,000 mortgage with 20% down paid an average of $3,754. That’s $300 less than 12 months earlier. Apparently, the decline can be attributed to new federal regulations, which require lenders to be more accurate when estimating closing costs for borrowers. Read the rest of the CNN Money article

Turning to mortgage news in Colorado, Bankrate.com conducted a nationwide survey in 2012 of mortgage closing costs. Looking at every state in the country, Bankrate.com found that Colorado had the third lowest average closing costs for home mortgages. Based once again on a $200,000 mortgage with 20% down, Colorado closing costs were generally $555 less than the national average, coming in at $3,199. Great news for anyone buying a home in our state!

If you’re interested in potentially getting into the Summit County real estate market, this is a great time to find bargains in homes that have been on the market all summer but haven’t quite sold yet. Please don’t hesitate to contact Philip with your questions.

Summit County Listings With Price Drops in Last 4 Days

(Arranged below by newest listing first)

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For Sale, 22 Charter Ridge Court, #9 in Breckenridge, CO 80424, priced at $1.585m, ,

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Reduced by $65,000 Yesterday

29

22 Charter Ridge Court, #9

Breckenridge, CO 80424

$1.585m

For Sale

3

Beds

4

Baths

2,464

Sqft

square feet,

Enjoy unobstructed mountain and ski area views from almost every room in this stunning 3 bed 3 1/2 bath duplex. Tastefully furnish... (more)

# S1044482

Coldwell Banker Mtn Properties

$1,585,000

For Sale

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Residential
10 days on this site

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For Sale, 537 Moonstone Road in Breckenridge, CO 80424, priced at $1.699m, ,

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Oct 1st, 1:00PM to 3:00PM

Open House Oct 1st

40

537 Moonstone Road

Breckenridge, CO 80424

$1.699m

For Sale

4

Beds

4

Baths

3,418

Sqft

square feet,

Welcome to this exquisitely remodeled home nestled on a spacious, tree-filled 1/2 acre lot. Prepare to be captivated by the unpar... (more)

# S1044412

Homesmart

$1,699,000

For Sale

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Residential
15 days on this site

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For Sale, 94 High Meadow Drive in Dillon, CO 80435, priced at $1.875m, ,

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Reduced by $72,000 2 days ago

39

94 High Meadow Drive

Dillon, CO 80435

$1.875m

For Sale

3

Beds

4

Baths

3,345

Sqft

square feet,

Quality craftsmanship throughout this three bedroom single family home in Summerwood. Primary suite on the main level with a huge ... (more)

# S1044456

Slifer Smith & Frampton R.e.

$1,875,000

For Sale

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Residential
15 days on this site

More Details

For Sale, 22714 Us Highway 6, #5982 in Keystone, CO 80435, priced at $795,000, ,

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Reduced by $20,000 4 days ago

34

22714 Us Highway 6, #5982

Keystone, CO 80435

$795,000

For Sale

2

Beds

2

Baths

774

Sqft

square feet,

Top floor condo at Hidden River Lodge. Vaulted ceilings give an airy feeling to this 2 bedroom / 2 bath condo. You can have the R... (more)

# S1044464

Colorado R.e. Summit County

$795,000

For Sale

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Residential
17 days on this site

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For Sale, 10000 Ryan Gulch Road, #G-315 in Silverthorne, CO 80498, priced at $660,000, ,

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Oct 1st, 9:00AM to 12:00PM

Open House Oct 1st

31

10000 Ryan Gulch Road, #G-315

Silverthorne, CO 80498

$660,000

For Sale

3

Beds

3

Baths

1,254

Sqft

square feet,

Welcome to your new home, offering an abundance of space, privacy, and a prime location! This exceptional 3 bed, 3 bath reside... (more)

# S1044376

Keller Williams Top Of Rockies

$660,000

For Sale

Save Property

Residential
21 days on this site

More Details

For Sale, 96 Red Cloud Peak Road in Dillon, CO 80435, priced at $209,900, ,

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Reduced by $11,600 2 days ago

12

96 Red Cloud Peak Road

Dillon, CO 80435

$209,900

For Sale

2

Beds

2

Baths

960

Sqft

square feet,

Priced for local living! Well-maintained 10-year-old home offers freshly painted exterior, washer and dryer, wider than average ... (more)

# S1044343

Keller Williams Mountain Properties

$209,900

For Sale

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Residential
27 days on this site

More Details

For Sale, 34 Highfield Trail, #104 in Breckenridge, CO 80424, priced at $455,000, ,

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Reduced by $22,000 4 days ago

40

34 Highfield Trail, #104

Breckenridge, CO 80424

$455,000

For Sale

1

Beds

1

Baths

586

Sqft

square feet,

This functional, garden-level unit is a great opportunity for the local buyers, and would also work well for a local business or... (more)

# S1044328

Coldwell Banker Mtn Properties

$455,000

For Sale

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Residential
29 days on this site

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For Sale, 8500 Ryan Gulch, #301 in Silverthorne, CO 80498, priced at $165,000, ,

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Reduced by $165,000 3 days ago

38

8500 Ryan Gulch, #301

Silverthorne, CO 80498

$165,000

For Sale

3

Beds

2

Baths

1,008

Sqft

square feet,

Owner financing available. Fully remodeled and perfectly furnished for style, comfort, and enjoyment. Amenity rich community in ... (more)

# S1044152

Row Realty

$165,000

For Sale

Save Property

Residential
43 days on this site

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For Sale, 5723 Us Highway 9 in Breckenridge, CO 80424, priced at $1.449m, ,

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Reduced by $50,000 2 days ago

40

5723 Us Highway 9

Breckenridge, CO 80424

$1.449m

For Sale

3

Beds

4

Baths

2,480

Sqft

square feet,

One-of-a-kind mountain home only minutes outside of Breckenridge. Located in the town of Blue River, this home has no short-term ... (more)

# S1044025

Paffrath & Thomas R.e.s.c

$1,449,000

For Sale

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Residential
49 days on this site

More Details

For Sale, 261 Alpen Rose Place, #8716 in Keystone, CO 80435, priced at $1.385m, ,

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Reduced by $54,000 2 days ago

39

261 Alpen Rose Place, #8716

Keystone, CO 80435

$1.385m

For Sale

3

Beds

3

Baths

1,597

Sqft

square feet,

Turn-Key - Move-In Ready - Right off the Resort Shuttle, Inhabit Mountain Living in Full Bloom in a Coveted Ski Tip Ranch Townhom... (more)

# S1044088

Bergman Realty Group

$1,385,000

For Sale

Save Property

Residential
49 days on this site

More Details

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Property listing data provided by Summit County multiple listing service. All information provided is deemed reliable but is not guaranteed and should be independently verified. The advertisements herein are merely indications to bid and are not offers to sell which may be accepted. All properties are subject to prior sale or withdrawal. The sale offering is made subject to errors, omissions, change of price, prior sale or withdrawal without notice.

Listing Data last updated: 30th September, 2023 08:00 MST

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