Author: The Moens Team

|

Affordable Condo Prices Stabilize

Good evening!

Still more good news, this time for affordable two-bedroom condos:

  • We have a client interested in older condos in good locations. We focussed on two-bedroom condos built between 1979 and 1983, in good ski in, ski out, or walk to slopes locations. We charted all 13 such sales 2009, and the price-per-square-foot has stabilized and is going up! (See the magenta line). There’s a 10 percent per year uptrend (yellow line) in the price per square foot.


For older two-bedroom condos in ski in, ski out, or walk to slopes locations:

  • The peak selling prices occurred roughly from July 1, 2007 to July 1, 2008, and averaged $502 per sq ft
  • Selling prices in 2009 averaged $443 per sq ft
  • That’s a drop of just 12% from the peak
  • Prices appear to have bottomed out, and since 1/1/2009 they are rising at a rate of 10% per year

Compare this to our recent posting, “Luxury Home Prices Stabilize”

So, come on up and get a condo! These condos have been marked down 12%, but they’re already heading back up.

You’ve been good this year, haven’t you? Why not make an investment in The Best Place On Earth!

| |

Luxury Home Prices Stabilize

Happy Friday!

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

  • We charted all 17 home sales in this subdivision in 2009, and the price-per-square-foot has stabilized! (See the magenta line). In fact, there’s an 11 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 in 2009 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 11% per year

Compare this to our recent posting, “Recovery for Higher End Breckenridge Homes”

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.!