Breckenridge Market Overview 8/15/09
Hi, everybody!
Wondering how the local real estate market is doing in Breckenridge, Colorado?
Here’s the answer: it’s a strong buyer’s market. There’s plenty to choose from, prices are rolled back to 2006 or 2007 levels, and sellers are motivated. If you’ve been wanting to invest in Summit County, CO, now is the time!
The chart below shows the number of residential sales (homes, condos, townhomes, duplexes, and vacant lots), from the first of the year to August 13th of each year.
- 2005 was the peak year for number of transactions
- 2009 is the lowest year for number of transactions
- The number of properties sold to date in 2009 is down 42% vs 2008, and is down 67% from the five-year-average of the number of properties sold from 2004 to 2008
- The prices of properties sold to date in 2009 are down roughly 15% to 25% from the peak prices, which occurred around 1/1/2008
Interest rates are still super low, and we are hoping for a mini-surge of buyers once fall arrives, so contact us today!
Please check back from time to time, for more Breckenridge Colorado real estate market statistics and analysis.