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Breckenridge Real Estate Blog

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 with

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After Summit County's January rocket ship, February sales have slowed, but don't let that fool you. January's record closings mostly likely originated in the months before and were from buyers positioning to get in front of any uncertainly from a new administration and possible rate increases. February 2017 sales, by number and compared to the year before, were mixed by category and down overall, though values have continued to increase. The Summit County market continues to follow the multi-year trend of declining number of listings, (in some categories dramatically), short periods of availability (condos in Breckenridge are notable for a slingshot month long listing period) and high sales-to-list prices. What this means to us is that desirable

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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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In the market for a mountain condo or a single family home? Looking for a great deal? Breckenridge Associates Real Estate Top 5 deals for February 2017 should catch your attention. There is still time left in the ski season to get settled in the perfect mountain retreat! Start making your family memories today.

Check out Breckenridge Associates Real Estate Top 5 Deals.

37 Chestnut Lane
Fantastic townhome minutes from Breckenridge. Four bedrooms, three bathrooms, great views, a private hot tub, wonderfully furnished, a two car garage and a free shuttle to skiing and town all winter. This complex is across the street from world class fishing, a 27-hole Jack Nicklaus designed golf course, the Nordic Center and miles of hiking and biking trails.

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Summit County absolutely hops for Spring Break. From kids camps to concerts, contests and art happenings, there are a truly diverse slew of offerings to keep anyone and everyone busy and entertained. Family-friendly and student-focused fun seems to dominate Spring Break planning...and not matter when your spring break falls this year, remember that Breckenridge will have plenty going on for all.

We also respectfully submit that Seniors also deserve to celebrate. What better way than the 50+ Winter Games? Starting February 12th, 2017, with a pasta dinner and silent auction, and including events from alpine skiing and snowboarding, to ice-skating, Nordic skiing and more. Athletes range from recreational to retired pros, and all (who are old enough!) are

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This is a winter of powder turns, powder whoops*, sore quads, exhausted après, mandatory hot tubs and other great side effects from a ton of snow. Other benefits will include a massive whitewater season from all the runoff, so its a good time to start thinking about planning a spring or summer river adventure.

But moose kisses? Didn't see that one coming. All the snow has brought moose down from the high country and right into town. While they've often wintered close to humans in Cucumber Gulch, Christy Heights, and Peak Seven neighborhoods, this season they've moved right onto Main Street and other lower lying neighborhoods. Location, location, location! They can be observed grazing and strolling, window-shopping, and bunking down for the night in

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In 2016 Breckenridge Associates Real Estate handled almost 40% of all active listings in Breckenridge.The other 60% of active listings were divided between 14 other offices. Feel free to browse more current market statistics. We are proud of the continued support of our clients and community and pledge to continue our service-forward model into 2017 and beyond.

So - we have a new year, a new president, a new House and Congress and new interest rates. All of that should add up to some instability in the market, right? However, we have a special situation here in Breckenridge. We are a real-live town, with a nationally recognized arts district, we happen to be connected to a world-class ski area, are bounded by national forest and just a short drive

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