Market Statistics

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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.!



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Breckenridge Market Overview 3/22/11

Hello, everybody!

Here’s the local real estate market update, with sales statistics for Breckenridge, Colorado!

Yes, it’s still a strong buyer’s market. Prices are roughly flat since January 2009, and the number of sales has clearly started to increase.



The chart above shows the number of residential sales (homes, condos, townhomes, duplexes, and vacant lots), from January 1st of a year, to March 22nd of that year.

  • 2006 was the peak year for number of transactions (year to date)
  • 2009 is the lowest year for number of transactions
  • The number of properties sold to date in 2011 is up 29% vs this date in 2010! And up 105% vs 2009!!
  • The total sales volume (the sum of all selling prices) is up 19% vs 2010
  • The prices of properties peaked in late 2007 / early 2008. Prices are currently 25-30% 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 downtrend in selling prices. Some areas show slight increases, some show slight decreases, but the overall recovery of the local Breckenridge real estate market is unmistakeable
  • It’s still a strong buyer’s market because there are so many listings from which to choose
  • Compare the above chart, to the year-end chart of sales in Breckenridge

Interest rates are still super low, the stock market is up 86% from its low in March 2009, and we are expecting the recovery to continue, so contact us today!

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

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Breckenridge Market Overview 2/12/11

Hi!

Here’s your real estate market update, with statistics for Breckenridge, Colorado!

It’s still a strong buyer’s market. Prices are roughly flat since January 2009, and the number of sales has clearly started to increase.

There’s plenty to choose from, prices are rolled back to 2005-2006 levels, and sellers are motivated. If you’ve been wanting to invest in Summit County, CO, now is the time!



The chart above shows the number of residential sales (homes, condos, townhomes, duplexes, and vacant lots), from January 1st of a year, to February 12th of that year.

  • 2006 was the peak year for number of transactions (year to date)
  • 2009 is the lowest year for number of transactions
  • The number of properties sold to date in 2011 is up 30% vs this date in 2010! And up 86% vs 2009!!
  • The total sales volume (the sum of all selling prices) is also up 30% vs 2010!
  • The prices of properties peaked in late 2007 / early 2008. Prices are currently 25-30% 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 downtrend in selling prices. Some areas show slight increases, some show slight decreases, but the overall recovery of the local Breckenridge real estate market is unmistakeable

Interest rates are still super low, the stock market is up 87% from its low in March 2009, and we are expecting the recovery to continue, so contact us today!

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