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Breckenridge Real Estate

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Meet Teresa and Roger Moen!

Having been here since 1997 as full-time Realtors, Teresa and I are well-versed in all aspects of residential real estate here in Breckenridge, Colorado.

I like working with RE/MAX because they’re #1 in the world, #1 in the US, #1 in Colorado, and #1 in Summit County. It’s nice to be with Number One.

We like to work as a Buyer’s Agent. We want to represent you. It’s a small town and often times we’ll know things about properties that we can share with you as a Buyer’s Agent. You really want somebody in your corner, that has a lot of experience. Not somebody that’s in it just for the transaction.

If I were to offer tips and secrets about buying property up here in a ski resort, it would be location. Ski-in/ski-out is going to render you the greater rental income. So you really want to have that perfect spot, so people can get out of their bed, get on their skis, and hit the slopes.

We’ve sold to people that have done so many transactions with us – up to 10. They send us their children. They send us their grandchildren, and it’s a really nice relationship that we’ve developed over the years.

And it really makes it so much more personal. It’s better and more trusting for everybody and more enjoyable. We want to be your family Realtor.

So whether you’re looking for a cabin in the woods or a magnificent slope-side mansion, we’re happy to help!

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.

Big News for Blue River Properties!

Homes in Blue River for SaleBeginning November 22, Blue River will now be accessible via the Summit Stage!

Up till now, Blue River has been so close yet so far. Despite being just a 5 minute drive from Main Street Breckenridge, Blue River real estate has been inaccessible for many prospective renters and ski lovers. It’s difficult to have a rental property without bus service. Renters were forced to rely on expensive taxis or dangerous hitch hiking.

Summit Stage changes everything. With bus access, Blue River is now just a short jog from the ski resort for locals and tourists alike!

We’ve always loved Blue River properties for their atmosphere. With higher than average snowfall, gorgeous forestry, and of course the river going through it – all at a short drive from Breckenridge- Blue River homes have retained their rustic mountain feel. And is if that wasn’t enough, a moose family of 4 visits the Goose Pasture Tarn every day! (We’re starting to wonder if someone hired a moose family to add charm to the area.)

Blue River  Colorado Real Estate

We’re interested to see how this changes the Blue River real estate market but we expect it to be a big positive change for the housing market for Blue River. This can only add value to the homes in the area.

Blue River Township has released a newsletter with the bus stops, rules, parking regulations and the like. The service will include 2 buses in the morning heading into Breckenridge and two return trips in the evening. There will be bus stops along both sides of the highway. The town requests that riders be ready to board when the bus arrives to limit time needed to pick up passengers and minimize traffic blockage. They also request that riders do not try and cross the highway, but use the closest stop on their side of the street.

Additional Resources

Hmmm! Low Inventory in Breckenridge you say?

It is an interesting time in Breckenridge for real estate. We are at an 8 year low on inventory in Breckenridge especially ski in ski out properties. Many of the Sellers, that waited until the market recovered, decided to sell this summer and they did!! We are actually having bidding wars. I haven’t seen this in a long time.
If you have been waiting to list your property you should call us so we can discuss. Also, snow is here! Secure your housing before the season.

Real estate sales in Summit County are anything but scary – they’re rather impressive!

New under contract activity remains very strong, in fact last week was at a level usually only witnessed during the peak summer selling season! Sales are up, the average sold price is up and the pending properties are holding at over 400 still (they have been that way all summer long)…this is a very impressive wind down to our summer selling season here in Summit County, Colorado.

FYI: That 400 pending represents about 30% of what has already closed this year and there are still three months left.

Interesting: Summit County residential properties that are under contract today have a higher average list price than what has sold this year (over $100,000 higher). In fact, if what is under contract today closes at an average sold price at the same list/sell ratio the county has witnessed so far this year the average sold price is going to move up.

The Average Sold Price So Far by Town for Residential Sales

Summit County Real Estate Sales 2015

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.

Kingdom Days & Town Party in Breckenridge

RE/MAX
Roger and Teresa MoenYour Mountain Realtors in Breckenridge, COIt’s the Town Party & you are invited! Plus, Kingdom Days all weekend!

  • The Breckenridge Town Party is Friday June 19th, 4:30pm-9pm: Food, music, and fun! The official start of summer in Breckenridge! Details on gobreck.com 
  • Family-friendly Kingdom Days comes to Breckenridge, Friday June 19th to Sunday June 21st. Panning for gold, gunfights in the streets, plus: the Outhouse Races! Fun for all ages. Details on gobreck.com
  • Frisco’s Annual BBQ Challenge is this weekend, too! Friday and Saturday, only
  • Check out the cool video from Kingdom Days a few years ago (below)
Click to play video

Hope you can come to the party!And just so you know, the Breckenridge real estate market is continuing to heat up. The number of sales is about 7% above last year, but the average selling prices are about 10% higher than last year. We are seeing some multiple offers and competing buyers. And some segments of our market, such as homes between $1 million and $2.5 million, are selling better than in the past 7 years. Yet, our prices are still well below the peak prices of late 2007. So, it’s a great time to buy!If you’re enjoying our emails, fantastic. But if not, just click the Unsubscribe button, and you’ll be removed from our list immediately.

Thanks!

Roger & Teresa

RE/MAX Properties of the Summit
Roger and Teresa Moen

Phone: (970) 376-2039
roger@themoens.com
http://themoens.com
Each Office Independently Owned and Operated

 

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.

We’re Baaaack!! Breckenridge is booming!

Breckenridge real estate demand is highOn a personal note, this is the biggest year we have had since 2006. The real estate inventory is low and the properties are being scooped up as fast as they are hitting the market. My guess? Perhaps there was a pent up demand? This is also in keeping with our history with Denver’s market, as you have heard me say in the past. We are usually about a year or two behind their activity. People will secure their primary residence first and then their Breckenridge vacation home.

Denver’s market is going crazy with 8 or 9 offers on a single property, bidding wars and low inventory. Sellers here in Breckenridge are starting to realize that the market is becoming more balanced, and they are seeing their properties get a lot of showings. They are starting to raise their prices this spring. This is only April!! Typically we would not see this kind of activity until the summer.

This is an exciting time for our town. If you are considering purchasing a second home or investment property in Breckenridge at least you know what you are getting in to.