Kremmling real estate trends
November 24, 2016
Carrie George, broker associate, Omni Real Estate in Kremmling
Low inventory has been a trend for two years, said George.
“This year more so than last year. However there is a lot of commercial and vacant land to choose from in Kremmling.
“The most popular price range is $250,000 and under,” she said.
“People from Summit County are considering options in Kremmling. With the highway project done they see the drive more palatable than Leadville or Fairplay.”
This is putting pressure on the Kremmling market.
“It’s not a bad drive to Summit County from Kremmling. There is a river, the road has been widened and the wildlife fence makes the drive really safe.”
Most of George’s clients are primary residents, with a few second homeowners.
“Visitors who just happened to pick up a map see how close we are to ski resorts,” she said.
“Front Range people are saying Kremmling could be a possibility. People who have lived in the Front Range all their life say it’s too crowded and they have no sense of community. They are searching for a community feel. I have clients looking for a slower pace where neighbors help each other out. They want to relocate and some may work remotely.”
George believes that Kremmling will continue to be a desirable place in five years and people who are looking to move here full-time or as second homeowners will do so due to the proximity to ski resorts, reservoirs, and all the outdoor offerings the area offers.
She notes that it is important for buyers to be prequalified with lenders and be ready to go.
“It’s helpful to use a mountain lender, such as a Grand County bank or mortgage broker where underwriters understand our unique situation in rural and mountain area, it makes the loan process go smoother.”
Front Range lenders don’t understand the environment here, she said.
“Typical delays are when buyers use non-mountain lender; it causes delays in underwriting.”