Highlands at Breckenridge

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How to prepare your second home in Breckenridge for that winter sale

Winter Second Home in Breckenridge
If you are thinking about putting your second home in Breckenridge on the market during winter, here are a couple of ideas to help make a quicker sale. This will make your property safer for potential buyers that come to preview your property.

We are a ski resort, so lots of snow. Your second home needs to be safe to show which means you need to pay the extra money and have the decks and stairs shoveled. One reason is liability: if someone falls on slippery stairs or walkways there is huge potential for injury and lawsuits. Or if you have a metal roof, you don’t want the snow to come slamming off of that roof right onto your front deck or someone’s head for that matter. Plus, they probably won’t be keen on buying your home!

Winter Second Home in BreckenridgeThe second reason is that buyers need to be able to see what they are buying. If the back deck for example backs up to the beautiful Breckenridge forest, but the snow level is four feet high for lack of shoveling, the only option is for a buyer to stand at the window and look out. Think about it: if you were buying a house what a difference it would make if you are coming from the city let’s say and you walk outside on your deck and smell the fresh air, see a gorgeous forest and hear the squirrels and birds. We want them to experience the Breckenridge we know and love.

Thirdly, this makes the house feel well cared for. If it is covered in snow, it can look neglected. This can make a buyer nervous about lack of care.

As most of you know you need to keep your home heated during the winter to prevent your pipes from freezing. If a buyer walks into a cold home, that sets the tone. You want your second home in Breckenridge to say “come in this cozy cabin and get warm and relax after a day of playing in the snow”.

If you live close enough or have friends here in Summit County, air out the home every once in awhile. It is easy for a second home to get that stuffy musty odor from being locked up all winter if no one is using it.

These are all small things but make a big difference in how quickly your second home will sell. We want your home to be the one people remember fondly and warmly.

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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!
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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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Highlands Home Prices Still Stable

Hello from Breckenridge, Colorado!

Here’s more good news, from the Highlands At Breckenridge luxury home subdivision:

  • We charted all 37 home sales in this subdivision since 1/1/2009, and the price-per-square-foot is stable! (See the magenta line). There’s a slight -2.1% percent per year downtrend (yellow line) in the price per square foot, but that’s not a major trend.
  • The sold prices ranged from $850,000 to $2,199,000.
  • The last three sales were:
  1. $199 / sq ft on 1/25/11 (We had the buyer! Bank owned)
  2. $295 / sq ft on 2/8/11
  3. $390 / sq ft on 3/24/11

For homes in The Highlands At Breckenridge subdivision:

  • The peak selling prices occurred roughly from July 1, 2007 to July 1, 2008, and averaged $401 per sq ft
  • Selling prices from January 1, 2009 through April 22, 2011 averaged $305 per sq ft
  • That’s a drop of around 24% from the peak
  • Although there have been a few foreclosures and bank-owned sales, on average the selling price per square foot in the Highlands has bottomed out, and since 1/1/2009 it is roughly flat.

So, we’re having a sale! Luxury home prices in this prestigious subdivision have been rolled back 24%.

What a great time to buy, in one of the most affordable ski resort towns in the U.S.!