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  • Breckenridge Market Overview 3/7/10

    Hi, everybody!

    Wondering how the local real estate market is doing in Breckenridge, Colorado?

    Here’s the answer: it’s a     strong buyer’s market with unmistakeable signs of recovery: the number of sales is UP 47% over last year. Details below.

    There’s plenty to choose from, prices are rolled back to 2006 or 2007 levels, and sellers are motivated. If you’ve been wanting to invest in Summit County, CO,     now is the time!

    The chart above shows the number of residential sales (homes, condos, townhomes, duplexes, and vacant lots), from January 1st of a year, to March 7th of that year.
    • 2006 was the peak year for number of transactions
    • 2009 is the lowest year for number of transactions
    • The number of properties sold to date in 2010 is up 47% vs 2009 (but is down 55% from the six-year-average of the number of properties sold from 2004 to 2009)
    • The prices of properties peaked around 1/1/2008. Prices are 15%-25% below that peak.

    Interest rates are still super low, the stock market is up 63% from its low in March 2009, and we are expecting the recovery to continue, so contact us today!

    Please check back from time to time, for more Breckenridge Colorado     real estate market statistics and analysis.


  • How's The Market?

    Hey everybody,

    Teresa here!

    So I guess you are wondering what is going on these days in Breckenridge? Or maybe you have speculations about the market? Well, here is the scoop. The number of residential sales are up 47% this year so far. Yahooo! Sounds good doesn’t it? You betcha! Bearing in mind that it was sooooooo dead last year, 47% on nothing is well……………….we are very excited.

    It feels like there is pent-up demand. People want to get in on the best deals they can because they are figuring the market is repairing itself and they don’t want to miss out. This does seem to be the case. What you have to know is that the sales that are happening are after our poor sellers have reduced their prices many times to accommodate a lower market. There is also quite a bit of inventory out there to choose from and the buyers know this.

    Contrary to popular belief, we are not having a lot of foreclosures but we do have our share. Remember, this is a resort market so many of our owners own multiple properties and often have the luxury of not needing to sell until the market goes up.

    We are seeing some small real estate companies closing down and only the big dogs are able to hang in there with deep pockets. RE/MAX luckily is one of them and we are doing well. If not I would be waiting tables right now! :-[ I think since Roger and I have been here for so many years (13 in May) we have a good client base that is coming back to us to buy right now. To all of you we are grateful.

    So that is the quick update, just to let you know we are still here, life is good in the mountains, fresh powder, lots of tourists and friendly people. As you know, Roger will be giving you the charts and statistics about the market. In fact, I married an engineer and that has come in so handy for our real estate business. Ha!

    See you next time and remember: if you know of anybody that is interested in real estate in Breckenridge, we are Your Mountain Realtors!

    Teresa



  • Snow Sculptures

    Hello from beautiful Breckenridge!

    Have you seen the photos of the Breckenridge Snow Sculpture Competition?

    Many more in our snow sculpture gallery.

    So, when are you coming to beautiful Breckenridge Colorado?



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