Luxury Home Prices Stable in Breckenridge

Hello from Breckenridge!

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

• We charted all 27 home sales in this subdivision since 1/1/2009, and the price-per-square-foot is stable! (See the magenta line). In fact, there’s a 4 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 from January 2009 through August 2010 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 3.8% per year

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.!