Highlands at Breckenridge

Hello from Breckenridge!

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

• We charted all 27 home sales in this subdivision since 1/1/2009, and the price-per-square-foot is stable! (See the magenta line). In fact, there’s a 4 percent per year uptrend (yellow line) in the price per square foot. The sold prices ranged from $850,000 to $2,199,000.

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 2009 through August 2010 averaged $310 per sq ft
• That’s a drop of around 23% from the peak
• Prices appear to have bottomed out, and since 1/1/2009 they are rising at a rate of 3.8% per year

So, we’re having a sale! Luxury home prices have been rolled back 23% – but they are rising off of their lows.

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

Happy Friday!

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

• We charted all 17 home sales in this subdivision in 2009, and the price-per-square-foot has stabilized! (See the magenta line). In fact, there’s an 11 percent per year uptrend (yellow line) in the price per square foot. The sold prices ranged from $850,000 to $2,199,000.

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 in 2009 averaged $310 per sq ft
• That’s a drop of around 23% from the peak
• Prices appear to have bottomed out, and since 1/1/2009 they are rising at a rate of 11% per year

Compare this to our recent posting, “Recovery for Higher End Breckenridge Homes”

So, we’re having a sale! Luxury home prices have been rolled back 23% – but they are rising off of their lows.

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