Breckenridge Market Overview 3/7/10

Hi, everybody!

Wondering how the local real estate market is doing in Breckenridge, Colorado?

Here’s the answer: it’s a strong buyer’s market with unmistakeable signs of recovery: the number of sales is UP 47% over last year. Details below.

There’s plenty to choose from, prices are rolled back to 2006 or 2007 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 March 7th of that year.

• 2006 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 47% vs 2009 (but is down 55% from the six-year-average of the number of properties sold from 2004 to 2009)
• The prices of properties peaked around 1/1/2008. Prices are 15%-25% below that peak.

Interest rates are still super low, the stock market is up 63% 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.