Market Statistics

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What price point is selling in Summit County?

Here are the Residential Market Sales by Price Point :

 Residential volume in May had 152 transactions in Summit County.  There were 17 properties that sold for $1M and above in May.  We have been talking about the most active price point in May being between $200K to $400K. This is great news for people that are wanting to get in to something in the mountains at a good price point or first time home buyers that can now afford their mountain getaway. There were 58 Single family, 94 Multi-family and 7 Vacant land transactions in May. It is good to see so much activity and the summer has just begun!

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How is the summer shaping up for Breckenridge Real Estate?

real estate investments in BreckenridgeIt is looking like it is going to be a great summer for real estate! The market is finally starting to show appreciation and lots of activity, especially in the lower price ranges. The very high end market is still sluggish.

The real estate market in Breck has become more balanced. During the recession, the buyers were worth gold while the sellers were really taking a hit because the prices had not risen to where they were prior to recession. Now it is a balanced playing field. I have had a few properties that were sold before I could get to my desk to write an offer! This hasn’t happened for many years.

It is still not too late to get a good price on a great second home or real estate investment property here in Breckenridge. Whether you are looking for a vacation home or a real estate investment property, the Breckenridge market is doing well!

real estate investments in BreckenridgeAnother thing to consider is that this time of year is when we have the most inventory to choose from. The skiers have gone home and sellers are ready to put their properties on the market. Real estate investment properties are still a great opportunity. With Breckenridge’s tourism numbers on the rise– summer and winter— rental properties are becoming more and more profitable.

Want to read more about real estate investment properties in Breckenridge? Click here.

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Summit County Sales Data

For the county. Sales are up about 11% with the average sold price up about 7.5%. The North Side sales (Dillon, Frisco, Keystone, Copper and Silverthorne) are down only 2% now with an average sold price change of -4.5% (just 8 days ago the North Side sales were down -9.6% and the average sold price change was down -6.6% – the North Side is improving). The South Side (Breckenridge) is up 10% in average sold price and up 33% in the number of sold properties (just 8 days ago the average price was up 8.8% and the sales were up 28.6% – the South Side is continuing to improve as well).