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  • Affordable Condo Prices Stabilize

    Good evening!

    Still     more good news, this time for affordable two-bedroom condos:
    • We have a client interested in older condos in good locations. We focussed on two-bedroom condos built between 1979 and 1983, in good ski in, ski out, or walk to slopes locations. We charted all 13 such sales 2009, and the price-per-square-foot has stabilized and is going up! (See the magenta line). There’s a 10 percent per year uptrend (yellow line) in the price per square foot.

    For older two-bedroom condos in ski in, ski out, or walk to slopes locations:
    • The peak selling prices occurred roughly from July 1, 2007 to July 1, 2008, and averaged $502 per sq ft
    • Selling prices in 2009 averaged $443 per sq ft
    • That’s a drop of just 12% from the peak
    • Prices appear to have bottomed out, and since 1/1/2009 they are rising at a rate of 10% per year
    Compare this to our recent posting, “Luxury Home Prices Stabilize”

    So, come on up and get a condo! These condos have been marked down 12%, but they’re already heading back up.

    You’ve been good this year, haven’t you? Why not make an investment in     The Best Place On Earth!

  • Luxury Home Prices Stabilize

    Happy Friday!

    Here’s more good news, this time from the Highlands At Breckenridge luxury home subdivision:

    • We charted all 17 home sales in this subdivision in 2009, and the price-per-square-foot has stabilized! (See the magenta line). In fact, there’s an 11 percent per year uptrend (yellow line) in the price per square foot. The sold prices ranged from $850,000 to $2,199,000.


    For homes in The Highlands At Breckenridge subdivision:

    • The peak selling prices occurred roughly from July 1, 2007 to July 1, 2008, and averaged $401 per sq ft
    • Selling prices in 2009 averaged $310 per sq ft
    • That’s a drop of around 23% from the peak
    • Prices appear to have bottomed out, and since 1/1/2009 they are rising at a rate of 11% per year

    Compare this to our recent posting, “Recovery for Higher End Breckenridge Homes”

    So, we’re having a sale! Luxury home prices have been rolled back 23% – but they are rising off of their lows.

    What a great time to buy, in one of the most affordable ski resort towns in the U.S.!



  • Ski Area Views

    Hey, everybody, get ready to ski!

    The Breckenridge ski area opens on November 12, 2009!

    Here’s the view of Peak 9, taken from one of our listings! Photo taken 10/31/09. Just reduced another $500,000, this home has the best ski area views in town and is a Screamin’ Deal! See the entire Ten Mile Range from your bedroom. Listed at $2,999,000. Click for details (including a video!).

    So, do you have your ski pass yet? Better hurry – they’re on sale through November 15, 2009.

    Next time you’re in beautiful Breckenridge, be sure to give us a call!



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