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Breckenridge Real Estate Blog

Spring has made an early entrance this year. Temperatures are above normal and the snowpack is depleting. With less than a month to go in ski season, we are starting to set our eyes on summer months ahead. Make sure to get in the last of your ski turns and get your mountain bikes ready to go. Start getting ready for the busy summer real estate season to come!

Here are Breckenridge Associates Real Estate Top 5 deals for April 2017.



2236 Rodeo Drive

Rare find with 40 acres with Views of the Gore Range. Full sun exposure all day. Four bedrooms, plus a loft and two decks. Three sides have been renovated with stucco. The front has added rock. Remodel and expansion plans by Allen-Guerra Design. Price also includes vacant additional 20 acre lot.
MLS#

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Summer in Breckenridge is a time to reset. And while, summer won't start for a while yet, April and May can be nice, for their slowness, coming from the skiing high season. Summer is chance to reconnect with our human powered sports like hiking and biking. The strength and endurance we build from these sports hopefully allows us to have a strong and healthy ski season - circular, and tied together like the seasons. And as life circles for us, it goes for construction and infrastructure projects as well. As we take a collective breath and feel the earth beneath our feet, the earthmovers are also lining up to take advantage of nice weather and unfrozen ground.

A big project in Breckenridge this summer, one with the power to impact the flow of your day,

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In Summit County we take our biking seriously. It's not uncommon to see a bike attached to a car that the bike greatly out-values. Open space and trails get attention and funding unthinkable in other places. Events are designed to get you out and riding, teaching you how to maintain your ride, cheering for and being inspired by professional riders and creating chances to set goals and challenge yourself, are rife here in mountain summer. Race organizers are often looking for volunteers which is another great way to get involved in the summer bike scene.

Here are a few bike events to put on your calendar.

Breck Bike Week kicks off summer bike season. From June 21st through June 25th, Breck Bike Week presents a diverse array of offerings like group

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The Source Magazine is your go-to real estate information guide for Summit and Park Counties, provided by the expert team at Breckenridge Associates Real Estate. The Source Magazine will provide you with a snapshot of our current real estate listings and the real estate market in the area. Please stop by our Main Street location or call us at 970-453-2200 to meet with one of our real estate experts for up to the minute availability and to get to know our Home Town Team.

We have a demonstrable track record of commitment to our community. Our high percentage of return clients and referrals is a proud hallmark of our service. Each of our 16 Broker/Partners would be happy to help connect you with your next mountain home.

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The temps are a bit warmer and the days are a bit longer. We are starting to see little signs that spring is on its way. But don’t fret, March is the snowiest month in Breckenridge, so there should still be plenty of powder days ahead! This spring, take advantage of Breckenridge Associates Real Estate Top 5 deals. Get settled in while prices are good and interest rates are low.

 

Here are Breckenridge Associates Real Estate Top 5 deals for March 2017.

314 Peerless Drive
This elegant newly-completed Shock Hill home was masterfully executed by Ivan Stanley Fine Home Builders. Featuring timeless timber beams and dramatic stone work, this home will dazzle those with the finest taste. Set in the esteemed Shock Hill neighborhood of Breckenridge

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After January's rocket ship, Summit County real estate sales slowed in February, but the launch that began the year is the anomaly, not last months sales numbers.  January's record closings likely originated in the last months of 2016 from buyers positioning to get in front of any uncertainly from a new administration and possible rate increases.

February 2017 sales numbers were mixed by category, but lower than last years' numbers overall, although the sold price per square foot continues to increase. Summit County's real estate market is small compared to big cities and so total sales volume is always less important than the increase in value (selling price per square foot or acre).

Our relatively small marketplace feels very small in March 2017

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By May 1st, 2017 you should have in your possession a new Notice of Valuation (NOV) of your real property value as assigned by the assessor, and based on comparable sales. Average Summit County increases are (anecdotally, not scientifically- yours can certainly divert in either direction from here) 15-20%. You have until June 1st , 2017 to postmark your new value should you feel its unfair. Your evidence must be supported sales that you feel are a better comparison to your home than the ones used to create your new valuation.

What a great time to call your favorite Broker/Partner over at Breckenridge Associates Real Estate! We have access to all the sales records, a deep knowledge of the market and familiarity with the NOV form. We are happy to help-

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As the ski season winds down in the high country, and Front Range visitors begin to think about soccer and springtime, winter activities are still in full swing here in the mountains. As daylight hours lengthen and temperatures oh-so-slowly begin to climb, snow texture changes to spring conditions. And what conditions they are; from mashed potatoes to powder days, spring can hold it all. So what we are saying is- don't put your skis away just yet. This years gigantic snow totals means extended seasons for all the local mountains. Importantly, the lingering sunlight and warmer afternoons means après ski can begin to migrate outside to winters long neglected decks. And for some, après and skiing mix into one very special Summit County tradition- Beachin at

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In a long awaited move the Fed raised rates in December 2016 by half a point to .50% -.75%, after holding the overnight interbank lending rate a 0-.25%, (which is effectively zero percent) from June 2006 until December 2015. We are still at a historic, and some feel unhealthy, low rate.

Many market experts expect the rate, which reacts to an expanding economy and impacts the rate at which we can all borrow money, to rise possibly three more times in 2017.

The next Fed meeting is March 15-16 and as of this writing on March 3rd, expectations of a hike amongst market watchers and experts have recently jumped to just over 50%.

What this means for the housing market is higher mortgage rates, expected to top out at 4.3%. There are two ways to look at

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2017 is off to a bang in Breckenridge. While the number of available listings is only a fraction compared to this time last year, sales are up over 56% across all residential property types and up 100% for single-family homes alone.  All other areas of the county are trending in a similar manner, with available residential listings lagging behind 2016 numbers between 25-40%, with the notable exception of townhomes. Townhomes alone buck the trend; there are twice as many listed today as compared to this time last year.  Pending sales numbers are also high, leading us to predict continuing growth in February.

A multi-year trend of declining available listings makes one wonder- do people love their Summit County homes so much that we just don’t want

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