Breckenridge Market Overview 6/11/10

Hello, there,

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 41% over last year. Details below.

There’s plenty to choose from, prices are rolled back to 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 June 11th 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 41% vs 2009 (but is down 48% from the average number of properties sold from 2002 to 2009)
• The total sales volume (the sum of all selling prices) is up 42% vs 2009! A good portion of that is because of expensive recent closed transactions in the very luxurious One Ski Hill Place at the base of Peak 8.
• The prices of properties peaked around 1/1/2008. Prices are currently 15%-25% below that peak.

Interest rates are still super low, the stock market is up 56% 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.