It is looking like it is going to be a great summer for real estate! The market is finally starting to show appreciation and lots of activity, especially in the lower price ranges. The very high end market is still sluggish.
The real estate market in Breck has become more balanced. During the recession, the buyers were worth gold while the sellers were really taking a hit because the prices had not risen to where they were prior to recession. Now it is a balanced playing field. I have had a few properties that were sold before I could get to my desk to write an offer! This hasn’t happened for many years.
It is still not too late to get a good price on a great second home or real estate investment property here in Breckenridge. Whether you are looking for a vacation home or a real estate investment property, the Breckenridge market is doing well!
Another thing to consider is that this time of year is when we have the most inventory to choose from. The skiers have gone home and sellers are ready to put their properties on the market. Real estate investment properties are still a great opportunity. With Breckenridge’s tourism numbers on the rise– summer and winter— rental properties are becoming more and more profitable.