Sunday, February 15, 2009

Summit County Build Out

Yes there are some amazing deals here!!! But what makes Summit County so different? Due to an incredibly small amount of land that can ever be built upon, Summit County enjoys a unique market condition. Over 80% of the land in Summit County is National Forest, Bureau of Land Management land and Colorado public open space (per Summit County). The availability of land left to develop is close to build‐out, especially in key locations. The easiest way to describe this is that Summit County is essentially an island surrounded by an ocean of national forest. This is the major difference between our local market and other metropolitan markets that are currently experiencing severe home value losses.