SAR president Kori Wolf on affordable housing and I70 issues

BrokerIPTV-Mark Eibner: This is Mark Eibner with broker IPTV. I am up here with Kori Wolf, and Kouri is the President of the Summit Association of Realtors. And we thought there would not be any better person to talk to on some of the one, two or three big issues up here in Summit County. I think one of the big issues right by the way is I-70 traffic and the corridor management, maybe you could share with us some of the proposed ideas that are out there on the table, for some of us that are not from Summit County.

Kori Wolf: I would be delighted. From what I know, I know there is a big movement to do something with a toll on the I-70 corridor during peak times. There is a lot of bit uncertainty to that, that I am aware of, because of where that money is going to be spent. I think that needs to be clarified. Obviously, a another thing regarding grid lock that happens during certain times like ski season and in the summer as well. They are trying to come up with a solution to control the whole traffic patterns, which they have done some of that this year. Certain times of the day they have actually slowed down traffic and opened up different paths and so forth. There is a concern. There is an I-70 coalition that's working very hard on that and hopefully soon, they will come up with a long term plan for this.

Mark Eibner: Excellent. How about affordable housing, I understand you sell homes in Frisco, CO, and what would be the average sales price in Frisco for 2007?

Kori Wolf: Well, if it's a single family home, it's right up there at between $600,000 or $700,000. For Single family homes all over Summit County that is an average and my biggest concern is first of all, most owners up here, we are reaching 70% that are second home owners, so they are establishing the market and that is makes it incredibly difficult for locals to purchase a home.

Mark Eibner: So, as far as affordable housing it is really not affordable, depending on what somebody's got for income for locals it is probably not a lot of jobs that would pay for the average family to buy $600,000, $700,000, $800,000 house.

Kori Wolf: That is right, they more, in between the $300,000 and $500,000 price range and so a lot of those folks are going to townhomes, duplexes, condos but at least they are able to do that and at least there is some of that product out there.

Mark Eibner: Okay, well great appreciate it, it is been a pleasure talking with you.

Kori Wolf: Thank you.

Posted on April 10, 2008 02:39:50 by Blog Author