Skip to Content

Breckenridge Real Estate

Search Breckenridge Colorado Properties
Breckenridge Realtor Breckenridge Realtor Breckenridge Realtor Breckenridge Realtor Breckenridge Realtor

What’s happening with the Breckenridge condo market?

Screen Shot 2017-02-01 at 12.14.36 PM

Condo sales in Breckenridge have slowed down in 2016. The reason for this is a low inventory. The demand is still high.This is the lowest the inventory has been since 1998 and that is the farthest back I can go with my available data. So what we do have listed is selling in a matter of days if it is priced right. This graph shows that even though the number of sales are down, if you want to purchase an investment property, Breckenridge has the lion’s share of the county market. This is also why investors purchase in Breckenridge.

Happy New Year! This is what’s happening in Breckenridge

We had a great year and so appreciate everybody that contacted us. We just broke our personal 20 year record!! Yahoo! 2017 is going to be awesome.

Here is what is going on with the market.  The final numbers are not in yet, but I did do a quick check to see where the market is as of today for last year. The average sold price for residential sales and if that holds the increase in 2016 is just over 7%. Oh, and the average sold price for residential sales (homes, townhomes, condos, duplexes) is right at $595,000! The list price to sold price is  at an average of 97.4% with a high of 106% so not much wiggle room.

If history repeats itself there will be more inventory in the spring but as you can see they go quickly. My listings in 2016 were selling before I could get them in the MLS.

Roger and I wish you and your families as great New Year of health and happiness!

Why the Rapid Growth of Summit County is Good For Us Locals

Best time to buy in Summit County COSummit County real estate is booming. Really booming.

In the beginning of this year, it was predicted that Summit County would receive and approve the same amount of building permits as they did in 2015. This prediction has already been proven inaccurate. In fact, the county has received many more permits this year.

Last April, the town of Silverthorne approved 25 new residential development permits—a huge jump from only six permits in April 2015!

People from all over the USA are coming to Summit County in droves. Some of them plan to live here all year round. Some are second homeowners. A few are real estate investors. Whatever their reason for being in Summit County, they’re buying homes in Summit County left and right.

Buy Homes in Silverthorne COIn order to keep up with the demand for housing and real estate in Summit County, developers are snapping up land all over the area, mostly in the northern part of Silverthorne, and putting into motion new residential development projects faster than you can say, “Welcome to Summit County.”

Many of us Summit County locals aren’t happy with the construction boom in the area. Who could blame us? Construction vehicles and large pieces of construction equipment are everywhere. The roads have gotten a bit more crowded. Public places have gotten a little noisier. Summit County is changing, and we hear you loud and clear.

However, what if we told you that the rapid growth of Summit County is actually a great thing, especially for us locals?

It really is! Just hear us out.

With more people coming here, Summit County is making a lot of money in sales tax and excise taxes. To avoid getting bogged down in the details and numbers, let’s take a look at Silverthorne in particular:

  • According to Summit County’s 2016 budget report, the county’s sales tax revenue was predicted to increase by 2% this year. However, by April, Silverthorne had already exceeded that goal. Its year-to-date sales taxes had risen by 2%. From January 2016 through April 2016, the town of Silverthorne alone brought in $3.16 million.
  • Silverthorne is making a killing on its excise-tax collections. It went up 440.7% compared to April 2015 and 259% year-to-date compared to the previous year.

Buy Houses in Silverthorne CO

So what does this mean for us?

Better roads, nicer public facilities, cleaner parks, improved bike trails, and increased maintenance for other departmental services provided by the county.

Two percent of all sales taxes across Summit County go toward these programs and services. In addition to that, up to 2.5% of the sales taxes go to their respective towns. The percentage depends on the town. For example, Silverthorne takes 2%.

Just when we’re starting to think that Summit County couldn’t get any nicer, an opportunity arises for it to do so. Do you have any ideas on how Summit County should spend its newfound money? Let us know!

Breckenridge Real Estate Market in 2016 – Low Inventory, High Demand

breck-real-estate-market-2016We have started the new year running! With the market in continuous recovery we couldn’t be happier or busier. The Breckenridge real estate inventory is at an 8 year low!! I believe all of those sellers have been holding off the sale of their property because the market hadn’t fully recovered. I know that is what I was telling my sellers. I think there is some pent up real estate inventory that we are going to see this coming spring.  There is definitely demand. Demand for credit is on the rise also. With consumer debt service ratios the lowest they have been for more than two decades, more people are eligible to qualify for a mortgage. Call me and I will give you the scoop. Maybe you can own your dream home in the mountains sooner than you think!

How’s the Residential Real Estate Market in Breckenridge?

Residential Realtor Breckenridge
Well the numbers don’t deceive! After a crazy busy summer, we’ve got some numbers that show steady increases in the Breckenridge real estate market. The average cost of a home in Breckenridge has risen 9% and the number of homes sold is up a whopping 15%! We are very excited to see these positive trends.

2013 and 2014 also saw steady increases. We are regularly seeing homes sold for great prices, bidding wars and houses selling without even going on the market.

If you are considering selling your home in Breckenridge, now is a great time to do so! Give us a call to get the ball rolling on selling your Breckenridge property!

See more detailed residential real estate stats here.

Breckenridge in the middle of Summer

Typically we are extremely busy in the summer for buyers purchasing their second home or investment properties in Breckenridge. This summer is no different. In fact, our inventory is low and currently I have more buyers than active listings to choose from. What a great problem to have if you compare it to previous years. Also, Breckenridge is the most crowded I have ever seen this time of year. People are discovering that Breckenridge is a full year round destination. Our summers are extraordinary. We have added the Pro Bike Challenge which can bring up to 100,000 people to witness what is our “Tour de France” also we have an Art Festival with a new Art District here in Breckenridge and it has proven to be a real attraction. We even had the “Cirque Du Soleil” folks come and perform. So don’t forget we are not just a skiing town but all year fun. Oh hey, by the way if you want to sell any property in Breckenridge you know who to call.

Here is how the 2015 summer is shaping up!

In a nutshell, prices are up in Breckenridge about 10%!! Yahoo! We are coming back. The number of sales are up 7%. The most exciting news of them all is the fact that we are up on under contracts by 40%!!! Under contracts means that the Buyer and Seller have agreed on price and terms but it has not closed yet. This is really good news. On the down side the properties that are the right price and fixed up to sell are flying off the shelves. It promises to be a great summer.

Pending Resort Sales Up, Up, Up, Up!

Pending Residential sales are up countywide a whopping +38%! What a huge ending to the first quarter and a great setup for potential improvement in the second quarter of 2015. Sales for the first quarter are up +7%. Pending sales are up BIG and sales are up a bit all while the current inventory of residential properties for Summit County is down -21%.

Check out the sales by price range to the right and notice the driving improvement can be found in the $500,000 to $1,000,000 sold price range with the second best improvement occurring in the over $1,000,000 sales. The improvement isn’t across the board as is evident when one breaks the sales down by each side of the county; such as the North & South Side Sales to the right.

See full article.

How’s the “Luxury” market in Breckenridge?

So what about the luxury sales market in Breckenridge you ask? 2014’s closing numbers show a 7.6% increase from 2013. The average price went up ads well and is around 1.6M, 6.2% increase from the previous year!

Check out this video to learn more.

Christmas in Breckenridge