Breckenridge Market Overview 11/25/10
Happy Thanksgiving!
Here’s some real estate market statistics for Breckenridge, Colorado.
It’s a strong buyer’s market. Prices are roughly flat since January 2009, and the number of sales has stabilized.
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 November 25th of that year.
- 2005 was the peak year for number of transactions
- 2009 is the lowest year for number of transactions
- The number of properties sold to date in 2010 is up 14% vs 2009
- The total sales volume (the sum of all selling prices) is up 6% vs 2009
- 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 for all of 2009 – 2010.
- The foreclosure rate in Summit County is less than half of one percent (as of September 2010)
Interest rates are still super low, the stock market is up 70% 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.