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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!

Average Price & Number of Sales UP for Vacation Homes!

This is the peak selling season for Breckenridge to buy second homes and, based on historic sales, should continue for another 4 weeks. During those 4 weeks, plus this week we are in the middle of, the county should see 40 to 50 plus properties go under contract. After that the next 4 weeks typically see about 30 something going under contract and the following 4 to 5 weeks (think October now) the under contract activity drops a bit more.

Wow! What a summer it is going to be!

Well, we are off and running. I have lost three contracts this summer already. I know it sounds bad and it certainly was for those wanting to buy those vacations homes and ski property. What this means is that before I could get back to my office to write the contract or before my clients could get to town to see the property it was already under contract with someone else. We’re back!! I haven’t seen it like this since before the recession so that is good news. If you are considering buying a mountain property either vacation home or investment property you need to act promptly. Our summer months are when we have the most inventory so give us a call and we can schedule you for a great day of finding a perfect property for you. Hope your summer is great also.

Your Breckenridge Vacation Home could be the healthiest place to live!

Summit County is one of five Colorado counties with the country’s highest life expectancy. I just had a client last year that was told by his doctor to move here because the air was helping him fell better and to recover faster.

Summit county, websites are packed with pictures of people hiking, skiing and biking — stuff we tend to do more than people in other places. We’re home to two national forests, seven national wilderness areas and countless hiking and biking trails.

“There’s no question that high rates of physical activity (are) a common theme throughout Colorado counties that also have high life expectancy,” said Dr. Ali Mokdad, a professor of global health at IHME.

It also helps to have clean air, clean water and access to good recreational opportunities.

Lots of things contribute to longevity, and all kinds of ideas are floating around, some more realistic than others.

Some studies consider the effects of longevity at higher altitude, but there’s no conclusive data that there’s a correlation researchers say.

Mostly it’s healthy living.

Staying active helps you live longer. So does nutrition and getting together with friends.

Have you ever skied with our seniors? I can barely keep up.

Breckenridge tourism indicators for 2013 beat previous best year ever

Breckenridge has reported its best year ever with key tourism indicators up in 2013 from 2007, which was previously its strongest year.

Denver-based DestiMetrics, which provides destination resort lodging data, recently released numbers reporting 2013 lodging occupancy in Breckenridge was 2 percent up from 2007, and the 2013 average daily room rate (ADR) was up 9.5 percent over 2007.

The winter occupancy for the 2013-14 season in Breckenridge is up 13 percent year-over-year, and the ADR is up 1 percent.

What does this all mean for you? So many of my clients own rental property so all this tourist activity is great for those rental revenues. Breckenridge is finally getting noticed for great summers also not just a ski destination.

If you don’t rent out your property or forgot that this is an option for you give me a call and can talk about the various ways we can increase your rentals.

Good News Headlines

Hello and welcome!

We think you’ll find the following headlines of interest. We’ll add more from time to time. If you have some suggestions, please contact us!

Breckenridge:


Summit County:


Colorado:


National:

  • newIs now really the best time to buy? – An inventory shortage has whipped up a feeding frenzy in some housing markets, with bidding wars and price increases – MSN Real Estate, August 2012
  • newThe housing market has turned—at last: The U.S. finally has moved beyond attention-grabbing predictions from housing “experts” that housing is bottoming. The numbers are now convincing – Wall Street Journal, 7/11/12
  • newHome prices rise in nearly all major U.S. cities – The Standard & Poor’s/Case-Shiller home price index released Tuesday showed increases in 19 of the 20 cities tracked. That’s the second straight month that prices have risen in a majority of U.S. cities – Associated Press, 6/26/12
  • Fewer US homes foreclosed upon in April – National foreclosure trends took a positive turn in April, as the number of homes seized by banks declined and fewer properties entered into the foreclosure process – Associated Press, 5/17/12