We’re Baaaack!! Breckenridge is booming!
On a personal note, this is the biggest year we have had since 2006. The real estate inventory is low and the properties are being scooped up as fast as they are hitting the market. My guess? Perhaps there was a pent up demand? This is also in keeping with our history with Denver’s market, as you have heard me say in the past. We are usually about a year or two behind their activity. People will secure their primary residence first and then their Breckenridge vacation home.
Denver’s market is going crazy with 8 or 9 offers on a single property, bidding wars and low inventory. Sellers here in Breckenridge are starting to realize that the market is becoming more balanced, and they are seeing their properties get a lot of showings. They are starting to raise their prices this spring. This is only April!! Typically we would not see this kind of activity until the summer.
This is an exciting time for our town. If you are considering purchasing a second home or investment property in Breckenridge at least you know what you are getting in to.
Well we have had a bang up year so far and it is only March 6th! The demand is huge right now for a mountain home or investment property in Breckenridge but the supply is limited. When a property does come on the market it is getting sold pretty quickly if priced correctly. We are not having bidding wars like Denver but the buyers are here for sure. What also fuels this surge is the continuing low interest rates. If you are considering buying a property in Breckenridge you will have about 35% more listings to choose from sometime around June and July. 70% of my business is done in the summer months. So give me a call to plan your visit. I will be here!