Market Statistics

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Affordable Condo Prices Stabilize

Good evening!

Still more good news, this time for affordable two-bedroom condos:

  • We have a client interested in older condos in good locations. We focussed on two-bedroom condos built between 1979 and 1983, in good ski in, ski out, or walk to slopes locations. We charted all 13 such sales 2009, and the price-per-square-foot has stabilized and is going up! (See the magenta line). There’s a 10 percent per year uptrend (yellow line) in the price per square foot.


For older two-bedroom condos in ski in, ski out, or walk to slopes locations:

  • The peak selling prices occurred roughly from July 1, 2007 to July 1, 2008, and averaged $502 per sq ft
  • Selling prices in 2009 averaged $443 per sq ft
  • That’s a drop of just 12% from the peak
  • Prices appear to have bottomed out, and since 1/1/2009 they are rising at a rate of 10% per year

Compare this to our recent posting, “Luxury Home Prices Stabilize”

So, come on up and get a condo! These condos have been marked down 12%, but they’re already heading back up.

You’ve been good this year, haven’t you? Why not make an investment in The Best Place On Earth!

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Luxury Home Prices Stabilize

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.!



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Recovery for Higher End Breckenridge Homes

Hello again,

More signs of life in the real estate market in Breckenridge, Colorado! Little green shoots of market activity.

This time our focus is higher end homes: homes between $1 million and $2.5 million. (Earlier, we examined condos under $300,000 and saw a strong recovery)

Check out the chart below, and you’ll see that the data is pointing towards a recovery in this sector:

  1. The number of month’s supply is trending down – that’s the number of active listings, divided by the number of sales in a recent period.
  2. The yellow line, “Month Supply (short)” is based on short-term market activity: the number of current active listings vs the number of sales in the past 3 months.
  3. The blue line, “Month Supply (medium)” is based on current actives vs sales in the past 6 months, and the magenta line, “Month Supply (long)” is based on current actives vs sales in the past 12 months.
  4. In a steadily improving market, the short-term yellow line is the lowest, and the long-term magenta line is the highest – and all three lines are trending down. That’s exactly what we see below! An improving market for higher end homes in Breckenridge.




Check back from time to time, for additional market statistics and observations for beautiful Breckenridge, CO, where “It’s a great time to be a buyer!”