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  • Which Breckenridge Market Segment is Hot?

    Hello from Breckenridge, Colorado!

    We know that overall it’s a buyer’s market, but now there’s one exception — there’s one price range, and one type of property, that is selling very well! Which one is it?

    Get the quick answer from our 1-minute video, or see the details below.

    The short answer is: Breckenridge homes under $500,000 are selling like hotcakes and we have a balanced market in that segment!

    The chart below shows the number of month’s supply of homes in the Breckenridge area since July 1, 2011.
    • For more details on this chart, see our article on Which Homes Are Selling Best
    • The blue line at the bottom of the chart shows the monthly supply of homes under $500K.
    • Currently, there are 30 homes for sale, and 66 have sold in the past 12 months. 30 / 66 = 0.45 years = 5.5 months supply. In other words, at the current rate of sale, the current homes on the market “should” all be sold in 5.5 months. That’s a low supply, shifting the advantage from the buyer, towards a more balanced market!
    • Additionally, there are 10 such homes in that price range that are under contract and should be closing within a month
    • For the 12 months ending 3/29/12, 66 homes under $500K were sold — that’s the largest number in several years, and is twice the number of sales during the corresponding period one year ago
    • On a personal note, we know of two recent bank-owned homes under $500K, that had big price reductions and subsequently received 4 or 5 offers within 48 hours!
    • Other encouraging news: countywide the number of foreclosures is down 62%. There were 45 foreclosures in the first quarter of 2011, but only 17 in the first quarter of 2012.
    • More good news: in Summit County the number of building permits is up 35%. For Breckenridge the number of permits is up 25%. We are even seeing the return of the “spec home” — a builder buys land and builds a home on the speculation that he will find a buyer and make a good profit.
    • For all of Summit County, the number of residential sales is up 3%. For some reason, Breckenridge is off to a slow start — sales in Q1 2012 are down 21% vs Q1 2011. But, prices are still roughly flat.

    Screen shot 2012-03-31 at 7.57.33 PM

    So, now you know which market segment is leading the charge, from a buyer’s market, towards a balanced market, and ultimately to our usual situation, a seller’s market! Believe it or not, we have even more data, so if you like market statistics, you know who to call.


  • How’s The Market In Breckenridge 2/26/12

    How’s the Breckenridge, Colorado real estate market? It’s a buyer’s market, but recovering. The number of residential listings fluctuates during

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  • How's The Market 2/26/12

    How’s the real estate market in Breckenridge, Colorado? It’s still a buyer’s market, but slowly recovering. The number of residential sales is up 17% for 2011 vs 2010. So far in 2012, Summit County’s number of residential sales is up 3%, but Breckenridge is lagging behind a bit.

    Did you know that the number of listings fluctuates with the seasons? Currently the number of properties for sale is on the rise, but which month has the fewest listings and which month has the most? Glad you asked! Get the one-minute update in our video, below. And for more details, view our chart showing the number of residential listings, over time.

    Did you know: you can expand the video to full screen? While the video is playing, click the YouTube button, then click the Full Screen button.

    Please check back from time to time, for more videos.



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