Hello from Breckenridge, Colorado!
We know it’s a buyer’s market, but what are prices doing? Going up? Down? Stable? Get the quick answer from our 1-minute video, or see the details below.
For townhomes in the luxury One Breckenridge Place complex, prices rose strongly until late 2007, then declined around 30%, and have been roughly stable since 2009.
- We charted all sales in this complex since 1/1/2005, showing the price per square foot (red line).
- Since these townhomes are all very similar in size, you can also get a good idea of the trends by looking at the selling prices (blue line)
- Note that the last 7 MLS-reported sales were all at or just over $800,000. It’s a little hard to tell from the chart, but there were two sales in Dec 2009 for $800K and $810K, then sales at $820K, $825K, and $830K in 2010, and two in 2011 for $820K and $835K, all for similar sized units.
- Since 2005, the overall trend for the price per square foot (green line) is flat
So, we’re having a sale! Luxury townhome prices in this prestigious complex have been rolled back just over 30%. We see similar trends for other complexes and subdivisions in Breckenridge.
What a great time to buy, in one of the most affordable ski resort towns in the U.S.!