How’s the Market in Breckenridge

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Thinking About a Purchase in Breckenridge in 2024?

Why Breckenridge in the Summer?

First off, let’s talk about why summer in Breckenridge is an absolute gem. The snow may have melted, but the town blooms with life in a different yet equally magical way. Imagine lush green trails for hiking and biking, serene spots for fishing in the Blue River, and lively festivals that bring the streets to life. And let’s not forget the cooler temperatures—a blissful escape from the scorching heat elsewhere.

The Real Estate Market Awaits

Summer 2024 in Breckenridge is expected to be bustling. With the pandemic gradually becoming a thing of the past, more and more people are looking to either settle down or find their dream vacation home in the mountains. What does this mean for you? It’s time to act swiftly but wisely. Properties in Breckenridge, from cozy condos to luxurious mountain homes, tend to sell quickly due to the town’s popularity and limited space.

Tips for Your Purchase

Here are a few insider tips to guide you through your real estate journey in Breckenridge:

  • Start Early: The early bird gets the worm, or in this case, the dream home. Begin your search as soon as possible. The summer market can be competitive, and you want to be ready to make an offer when the right opportunity presents itself.
  • Know Your Priorities: What’s more important to you? Proximity to downtown, a stunning mountain view, or perhaps direct access to trails? Knowing your must-haves will help narrow down your search.
  • Budget Wisely: Breckenridge is a premium location, and prices reflect that. Ensure you have a clear budget in mind, and don’t forget to account for property taxes and maintenance costs, especially if you’re eyeing a second home.
  • Hire a Local Expert: A local real estate agent who knows the ins and outs of Breckenridge can be invaluable. They can provide insights into the market trends, help you navigate the buying process, and even uncover hidden gems. Did you know that Roger and Teresa Moen have 27 years experience in the Breckenridge real estate market?
  • Visit in Person: If possible, visit Breckenridge before making a purchase. Explore different neighborhoods, get a feel for the community, and maybe even meet some locals. It’s the best way to confirm that you’re making the right decision.

Embrace the Community

Buying a property in Breckenridge is more than just a real estate transaction; it’s joining a close-knit community. Summer is the perfect time to immerse yourself in local events, from the National Repertory Orchestra concerts to the Breckenridge Food and Wine Festival. Engaging with the community not only enriches your Breckenridge experience but also helps you feel at home.

Final Thoughts

Purchasing real estate in Breckenridge during the summer of 2024 is an exciting opportunity to own a piece of paradise. With its unbeatable combination of natural beauty, community spirit, and endless outdoor activities, Breckenridge offers more than just a home; it offers a lifestyle. So, gear up for this adventure with patience, research, and a bit of local guidance. Your dream home in the mountains awaits!

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How’s The Market?

Here’s some information about the real estate market in Breckenridge, Colorado

The above chart shows Breckenridge single family home prices (in blue), for January – October, for the years 2021, 2022, and 2023. It also shows similar information for condos in Breckenridge.

  • Blue is for single family homes in Breckenridge, and home prices have cooled a little – down 3.5% since last year
  • Orange is for condos in Breckenridge, and condo prices are continuing to rise

How to Determine What Your Home is Worth

what is my home worth

Thinking about selling your house? Wondering if you should question your property tax assessment? Just curious about the current value of one of your biggest investments? According to a recent poll conducted by NerdWallet, nearly three-quarters of Americans say knowing the value of their home is important to understanding their overall financial health.

There are a number of reasons to look into how much your home is worth and quite a few ways to track down that information. Here are some tips!

Start Online

If you’re looking for a general estimate of what your home is worth, an online home valuation service may be a good place to start. You can also get an instant online estimate of your home price through our RE/MAX website. Other websites like Zillow and Trulia take into account information you provide as well as public records to approximate your home’s current market value. These services are fast and usually free, although not as accurate.

Check Out the Neighbors

home valuation

Recent sales and current listings in your area are a strong indicator of what you could sell your home for, and there are several ways to find that information. Again, the Internet is a good place to start. To look up sale prices for specific properties in Breckenridge, try Real Estate ABC or Summit County Assessor’s website. While less scientific, going to open houses, or events like the Summit County Parade of Homes, can also help you get an idea of the local housing market. Keep in mind that past sales should carry more weight than current sale prices.

Call a Real Estate Agent

If you’re serious about selling your home, a professional local real estate agent can help you more accurately estimate the current market value of your home. He or she will compare your home to similar properties – carefully considering factors like square footage, age, amenities, upgrades, condition and location – and help assign value to what makes your home unique. First-hand knowledge of the local market and assessing your home in person will provide a more accurate valuation than the Internet.

Hire an Appraiser

Like a real estate agent, a licensed appraiser will visit your home and closely inspect the property to assess the market value. An appraiser will evaluate the local real estate market, your property and comparable properties and provide an official report. Banks require an appraisal as part of the mortgage process, but you can hire an appraiser at any time. The average cost of an appraisal for a single-family home is $300-$500.

If you have questions about how to determine the value of your home in Breckenridge or have other real estate questions, contact The Moen Team. We are here to help!