So what about the luxury sales market in Breckenridge you ask? 2014’s closing numbers show a 7.6% increase from 2013. The average price went up ads well and is around 1.6M, 6.2% increase from the previous year!
Check out this video to learn more.
Sales are up 6% and the average sold price is up 5.4% in Summit County. The North Side (Frisco and Silverthorne) is witnessing a 12% improvement in sales and a slightly down average sold price (-0.5%). The South Side sales (Breckenridge )are down -2.5% and the average sold price is up substantially (+14.7%).
Interesting that the total number of properties under contract is currently up +31% over this same time last year. Another interesting tidbit is that if we remove all the new construction that is pending the total number of properties under contract today is exactly the same as last year. It will be interesting to see what percentage of that 31% improvement closes in 2014.
Just keeping you in the loop!
People ask me all the time if there really is a benefit to using Remax when buying a second home or investment property. This video pretty much sums it up for you. Remax dominates the Summit County real estate market- and for good reason. They are the leaders in closed transactions in Keystone, Breck, Silverthorne and Frisco!
When listing or buying a home clients feel more confident using a company that is known to get results. Roger and I have been selling real estate with Re/Max for almost 20 years because we are confident in their knowledge and experience in the real estate world. When making a large purchase such as buying a second home or investment property, I know that I personally like the familiar names who have proven themselves. You don’t want to gamble with an untried mom and pop company. Please call if you have any questions and we can talk more. Snow is almost here so don’t forget to secure your winter reservations early!