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Pending Resort Sales Up, Up, Up, Up!
Pending Residential sales are up countywide a whopping +38%! What a huge ending to the first quarter and a great setup for potential improvement in the second quarter of 2015. Sales for the first quarter are up +7%. Pending sales are up BIG and sales are up a bit all while the current inventory of residential properties for Summit County is down -21%. Check out the sales by price range to the right and notice the driving improvement can be found in the $500,000 to $1,000,000 sold price range with the second best improvement occurring in the over $1,000,000 sales. The improvement isn’t across the board as is evident when one breaks the sales down by each side of the county; such as the North & South Side Sales to the right. See full article. -
Wow! What a market in Breckenridge
We showed property this weekend. Three of the 5 properties we showed are under contract. Unfortunately this Buyer lost out! We are back!!! This tells us that if you are a buyer in Breckenridge looking for a second vacation home or an investment property you need to act swiftly. This has not always been the case but it is now. Also,for vacation rentals in Breckenridge, the entire town of Breckenridge is still booked. We are breaking all kinds of records. June is when we start getting more inventory and summer we do 70% of our business for the year! Things are looking good! Call us to talk about how to make your dreams of owning a mountain home come true.
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Low supply in Breckenridge but big demand!
Well we have had a bang up year so far and it is only March 6th! The demand is huge right now for a mountain home or investment property in Breckenridge but the supply is limited. When a property does come on the market it is getting sold pretty quickly if priced correctly. We are not having bidding wars like Denver but the buyers are here for sure. What also fuels this surge is the continuing low interest rates. If you are considering buying a property in Breckenridge you will have about 35% more listings to choose from sometime around June and July. 70% of my business is done in the summer months. So give me a call to plan your visit. I will be here!
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