Author: Teresa Moen

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Summit County Sales Data

For the county. Sales are up about 11% with the average sold price up about 7.5%. The North Side sales (Dillon, Frisco, Keystone, Copper and Silverthorne) are down only 2% now with an average sold price change of -4.5% (just 8 days ago the North Side sales were down -9.6% and the average sold price change was down -6.6% – the North Side is improving). The South Side (Breckenridge) is up 10% in average sold price and up 33% in the number of sold properties (just 8 days ago the average price was up 8.8% and the sales were up 28.6% – the South Side is continuing to improve as well).

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Teresa’s take on things for second home owners and buyers

Every once in awhile I like to just tell you straight what is happening. So it looks like 2014 is going to be great. We have already sold millions of dollars in real estate and the first quarter isn’t even over. This means it is going to be a great summer. Summer is when we sell most of the homes here in Summit County. Because the prices are still low as we recover from the recession the buyers are buying up everything I believe that many of our home owners and condo owners have been waiting for the market to recover before they list their properties. Since we are seeing some appreciation things are starting to move. Our inventory is low right now for second homes. If you are thinking about selling this is a great time to get it out there for those summer buyers. The buyers are happy because they are still getting in on those 2005-06 prices and low interest rates. Remember here in Breckenridge those ski in ski out properties start to become available as the winter ski tourist go home and the summer buyers come in.

Breckenridge tourism indicators for 2013 beat previous best year ever

Breckenridge has reported its best year ever with key tourism indicators up in 2013 from 2007, which was previously its strongest year.

Denver-based DestiMetrics, which provides destination resort lodging data, recently released numbers reporting 2013 lodging occupancy in Breckenridge was 2 percent up from 2007, and the 2013 average daily room rate (ADR) was up 9.5 percent over 2007.

The winter occupancy for the 2013-14 season in Breckenridge is up 13 percent year-over-year, and the ADR is up 1 percent.

What does this all mean for you? So many of my clients own rental property so all this tourist activity is great for those rental revenues. Breckenridge is finally getting noticed for great summers also not just a ski destination.

If you don’t rent out your property or forgot that this is an option for you give me a call and can talk about the various ways we can increase your rentals.