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  • Which Market Segment Is Selling Best?

    Hello from Breckenridge, Colorado!

    We know it’s a buyer’s market, but     which market segment is selling the best: homes, condos, or land?

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

    The short answer is: condos are selling best, followed closely by single family homes. Land is a distant third. So, it’s a great time to buy vacant land in Breckenridge!

    How many months (or years) supply do we have?
    • As of 11/15/11, we have a 15-month supply of homes; 14.5 months of condos, and 44 months of vacant land!
    • The chart below shows the number of months’ supply of homes, condos, and land in the Breckenridge area, going back to March of 2003.
    • To calculate the monthly supply: it’s the ratio between the number for sale, vs the number that have sold. This is also called the absorption rate — the rate at which properties are being absorbed (bought and sold) by the market.
    • As an example, on 11/15/11 there were 249 homes listed for sale in Breckenridge. In the preceding 52 weeks, 200 homes sold. 249 actives / 200 solds = 1.25 year’s supply of homes. This means that if no more homes come on the market, at the rate the homes are selling, it would take 1.25 years for them all to sell. Converted to months, 1.25 * 12 = a 15 month supply of homes, as of 11/15/11. We’ve been tracking that calculation going all the way back to 2003. That’s the data you see in the blue line.
    • The light purple line shows the monthly supply of condos
    • The magenta line shows the monthly supply of vacant land
    • Note that the monthly supply has changed dramatically over the years. As an example, 5 years ago in mid-November 2006, there was a 5.5 month supply of homes (vs 15 months now); a 2.3 month supply of condos (vs 14.5 months now) and a 6.2 month supply of land (vs 44 months now)!
    Screen shot 2011-11-16 at 9.48.02 AM

    What a great time to buy, in one of the most affordable ski resort towns in the U.S.!


  • How’s The Market In Breckenridge 11/3/11

    How’s the Breckenridge Colorado real estate market? Prices peaked in late 2007 / early 2008, but how much have they

    (more…)

  • How's The Market 11/3/11

    How’s the real estate market in Breckenridge, Colorado? Are prices going up, down, or sideways? And when does the Breckenridge ski area open? Are they making snow yet?

    Glad you asked! Get the one-minute update in our video, below. And for more details on pricing trends, check out what’s happening in the One Breckenridge Place townhome complex.

    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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