Breckenridge Market Overview 3/22/11

Hello, everybody!

Here’s the local real estate market update, with sales statistics for Breckenridge, Colorado!

Yes, 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.

The chart above shows the number of residential sales (homes, condos, townhomes, duplexes, and vacant lots), from January 1st of a year, to March 22nd 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 29% vs this date in 2010! And up 105% vs 2009!!
  • The total sales volume (the sum of all selling prices) is up 19% 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
  • It’s still a strong buyer’s market because there are so many listings from which to choose
  • Compare the above chart, to the year-end chart of sales in Breckenridge

Interest rates are still super low, the stock market is up 86% 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.

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