Author: Teresa Moen

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Market update in Breckenridge for Vacation Properties and Second homes

Vacation home in BreckenridgeWondering what the average price history is for 2014 thus far? Well, here you go.


Average residential pricing continues to be highly consistent as of July. We are happy to see consistent numbers after the recession. Consistent means that our real estate market is holding its value and is stable.

Here’s some numbers for you:
Single family: $799,222
Multi-family (meaning condos and townhomes): at $362,783
Vacant land: $372,880

Residential volume is also doing really well with 158 transactions and topping $79 million in gross volume. 12 of those properties were sold for $1M or more in July alone. This brings us to a higher active price point than previous months at $300K to $400K. The $500-600K price point was also high with 22 transactions! Here’s the full breakdown:

55 single family homes
103 multi-family homes
14 vacant land sales.

Overall, we are really happy with the performance of the market this July. Properties are selling and they are selling fast and with stable prices. Considering buying or selling a second home or vacation home? Now is a great time! Click here to get started.

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Average Price & Number of Sales UP for Vacation Homes!

This is the peak selling season for Breckenridge to buy second homes and, based on historic sales, should continue for another 4 weeks. During those 4 weeks, plus this week we are in the middle of, the county should see 40 to 50 plus properties go under contract. After that the next 4 weeks typically see about 30 something going under contract and the following 4 to 5 weeks (think October now) the under contract activity drops a bit more.

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Wow! What a summer it is going to be!

Well, we are off and running. I have lost three contracts this summer already. I know it sounds bad and it certainly was for those wanting to buy those vacations homes and ski property. What this means is that before I could get back to my office to write the contract or before my clients could get to town to see the property it was already under contract with someone else. We’re back!! I haven’t seen it like this since before the recession so that is good news. If you are considering buying a mountain property either vacation home or investment property you need to act promptly. Our summer months are when we have the most inventory so give us a call and we can schedule you for a great day of finding a perfect property for you. Hope your summer is great also.