Teresa’s Take On Things

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Breckenridge Real Estate Market in 2016 – Low Inventory, High Demand

breck-real-estate-market-2016We have started the new year running! With the market in continuous recovery we couldn’t be happier or busier. The Breckenridge real estate inventory is at an 8 year low!! I believe all of those sellers have been holding off the sale of their property because the market hadn’t fully recovered. I know that is what I was telling my sellers. I think there is some pent up real estate inventory that we are going to see this coming spring.  There is definitely demand. Demand for credit is on the rise also. With consumer debt service ratios the lowest they have been for more than two decades, more people are eligible to qualify for a mortgage. Call me and I will give you the scoop. Maybe you can own your dream home in the mountains sooner than you think!

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Hmmm! Low Inventory in Breckenridge you say?

It is an interesting time in Breckenridge for real estate. We are at an 8 year low on inventory in Breckenridge especially ski in ski out properties. Many of the Sellers, that waited until the market recovered, decided to sell this summer and they did!! We are actually having bidding wars. I haven’t seen this in a long time.
If you have been waiting to list your property you should call us so we can discuss. Also, snow is here! Secure your housing before the season.

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Here is how the 2015 summer is shaping up!

In a nutshell, prices are up in Breckenridge about 10%!! Yahoo! We are coming back. The number of sales are up 7%. The most exciting news of them all is the fact that we are up on under contracts by 40%!!! Under contracts means that the Buyer and Seller have agreed on price and terms but it has not closed yet. This is really good news. On the down side the properties that are the right price and fixed up to sell are flying off the shelves. It promises to be a great summer.