Market Statistics

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Breckenridge Market Update

Here’s the mid-year review for the real estate market in Breckenridge, Colorado.

We have a buyer’s market that is steadily moving towards a more balanced market. Portions of our market are actually starting to favor sellers; for example, homes under $500,000 and condos under $300K.

There’s plenty to choose from, prices are rolled back to 2005 levels, and interest rates are low but creeping up. If you’ve been wanting to invest in Summit County, CO, now is the time!

BreckNSales 500

The chart above shows the number of residential sales in Breckenridge (homes, condos, townhomes, duplexes, and vacant lots) for the period January 1 to June 30 for each of the years 2005 through 2013.

  • 2006 was the peak year for number of transactions
  • 2009 was the lowest year for number of transactions
  • The number of sales year-to-date is up 26% over last year at this time, and is more than double what it was in 2009! And the YTD-sales exceed those of 2008! We are well into an unmistakable market recovery.
  • On average, the number of residential sales in Breckenridge has increased 20.4% per year since 2009
  • The total sales volume (the sum of all selling prices) year-to-date is up 27% vs 2012 on this date. This is what one would expect, if prices are also mostly flat: the increase in $ sales volume, matches the increase in the number of transactions vs last year (26%).
  • The prices of properties peaked in late 2007 / early 2008. Prices are currently around 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 trend, either up or down, in selling price-per-square-foot for all of 2009 – 2013. However, we’ll be posting our latest analysis showing that prices for homes under $500K are beginning to creep up.

Please check back from time to time, for more Breckenridge Colorado real estate market statistics and analysis.

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Highlands Home Sales Are Strong

Hello from Breckenridge, Colorado!

Sales are strong in the Highlands At Breckenridge luxury home subdivision. As of today, 5/11/2013, there is a 10-month supply of homes in the Highlands (just the original Highlands subdivision – not the golf course filings nor Discovery Hill, etc).

Some details:

  • We charted all 65 home sales in this subdivision since 1/1/2009, and the price-per-square-foot is stable and slightly rising! (See the red line). There’s a slight +2% percent per year uptrend (green line) in the price per square foot.
  • The most recent sale (blue line) was for $3,400,000 on 4/24/13, which is the highest sales price in this subdivision, ever!
  • The last three sales were:
  1. $359 / sq ft on 4/8/13 – We (Roger & Teresa) had the buyer!
  2. $389 / sq ft on 4/24/13 – An agent in our Breckenridge RE/MAX office had the buyer!
  3. $448 / sq ft on 4/24/13 – Once again, an agent in our Breckenridge RE/MAX office had the buyer!

The average sold price per square foot since 2009 has been $309 / sq ft, so these last three sales are well above the average.

So, for the last 3 sales, the Breckenridge RE/MAX office had the buyer! Hmmm… I guess you know who to call! Roger & Teresa at (970) 376-2038!
Screen Shot 2013-05-11 at 11.15.37 AM

It’s great to see continued strength in our local real estate market, isn’t it? With the stock market at an all time high, and interest rates at historic lows, it looks like 2013 is shaping up to be a fantastic year for Breckenridge.

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Breckenridge Market Update

Hello from Breckenridge, the best ski town in the Colorado Rockies!

Here’s the spring-time review for the real estate market in Breckenridge, Colorado.

We have a buyer’s market that is steadily moving towards a more balanced market. Portions of our market are actually starting to favor sellers; for example, there is only a 2-month supply of homes under $500,000 in Breckenridge! Overall, prices per square foot are roughly flat since 2009, and the number of sales is clearly moving up.

There’s plenty to choose from, prices are rolled back to 2005 levels, and interest rates are low. If you’ve been wanting to invest in Summit County, CO, now is the time!

Screen Shot 2013-05-11 at 1.41.50 PM

The chart above shows the number of residential sales in Breckenridge (homes, condos, townhomes, duplexes, and vacant lots) for the period January 1 to May 5 for each of the years 2005 through 2013.

  • 2006 was the peak year for number of transactions
  • 2009 was the lowest year for number of transactions
  • The number of sales year-to-date is up 32% over last year at this time, and is more than double what it was in 2009!
  • On average, the number of residential sales in Breckenridge has increased 20% per year since 2009
  • The total sales volume (the sum of all selling prices) year-to-date is up 32% vs 2012 on this date. (This is what one would expect, if prices are also flat: the increase in $ sales volume, matches the increase in the number of transactions).
  • The prices of properties peaked in late 2007 / early 2008. Prices are currently around 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 trend, either up or down, in selling price-per-square-foot for all of 2009 – 2013.

Please check back from time to time, for more Breckenridge Colorado real estate market statistics and analysis.