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  • Breckenridge Market Overview 2/12/11

    Hi!

    Here’s your real estate market update, with statistics for Breckenridge, Colorado!

    It’s still a     strong buyer’s market. Prices are roughly flat since January 2009, and the number of sales has clearly started to increase.

    There’s plenty to choose from, prices are rolled back to 2005-2006 levels, and sellers are motivated. If you’ve been wanting to invest in Summit County, CO,     now is the time!



    The chart above shows the number of residential sales (homes, condos, townhomes, duplexes, and vacant lots), from January 1st of a year, to February 12th of that year.
    • 2006 was the peak year for number of transactions (year to date)
    • 2009 is the lowest year for number of transactions
    • The number of properties sold to date in 2011 is up 30% vs this date in 2010! And up 86% vs 2009!!
    • The total sales volume (the sum of all selling prices) is also up 30% vs 2010!
    • The prices of properties peaked in late 2007 / early 2008. Prices are currently 25-30% below that peak.
    • Prices have stabilized. Several condo complexes and subdivisions are showing that sold prices per square foot are roughly flat since 1/1/2009. There is no strong downtrend in selling prices. Some areas show slight increases, some show slight decreases, but the overall recovery of the local Breckenridge real estate market is unmistakeable
    Interest rates are still super low, the stock market is up 87% from its low in March 2009, and we are expecting the recovery to continue, so contact us today!

    Please check back from time to time, for more Breckenridge Colorado     real estate market statistics and analysis.


  • Highlands Home Sales Encouraging

    Hello there,

    Here’s the real estate market update, for the luxury Highlands at Breckenridge subdivision in Breckenridge, Colorado!

    It’s still very early in the year, but the number of sales so far is encouraging.



    The chart above shows the number of residential home sales in the original Highlands At Breckenridge subdivision, from January 1st of a year, to February 9th of that year.

    • The number of properties sold to date in 2011 is the same as last year, namely three so far. This is well above the average pace, going back to 2005.
    • The total sales volume (the sum of all selling prices) is up slightly (4%) vs 2010

    The three sales so far in 2011 are:

    1. 1/4/11, 35 Fletcher Ct, $1.495M, 6 bed / 8 bath, 7256 sq ft ($206/sq ft)
    2. 1/25/11, 1883 Highlands Dr, $957K, 4 bed / 3.5 bath, 4805 sq ft ($199/sq ft) (we found the buyer!)
    3. 2/8/11, 45 Golden Age Dr, $1.448M, 4 bed / 4.5 bath, 4908 sq ft ($295/sq ft)

    Please check back from time to time, for more Highlands At Breckenridge market analysis and statistics.

  • You Know It's A Buyer's Market When…

    Hello, everybody,

    “So, you know it’s a buyers market when the locals are buying up all the real estate!” 😀

    This has been our experience with the local Breckenridge, Colorado real estate market so far in 2011. I believe that people have been waiting for the bottom to hit so they can obtain the best deal possible.

    Since our numbers have shown some recovery, the locals are stepping forward and taking advantage of the opportunities. Most of the homes and condos we have sold have also been cash deals. Even though the interest rates are staying low with a lot of lenders, many people have been sitting on cash and are now ready to purchase.

    The other source of business has been our clients that we have been working with for years and they are seeing that prices that are rolled back to what they were around 2005-06. One client finally bought his family a log home after looking at property for nearly 10 years! The family is thrilled to be here part time and are enjoying the great snow we have had this year. He was able to buy this beautiful log home at those prices from years ago.

    We had another couple that have wanted to own here for years and just bought their first townhome after renting for way too long. The figured they could now afford a place and their payments go towards their investment instead of rent paying someone else’s mortgage.

    So life is good here in the mountains! Come and see us or give us a call!

    Teresa

    PS: Oh by the way – we have a new video introducing ourselves – check it out!



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