Summit County Real Estate News, Local Happenings & Home Care Tips | Breckenridge Associates Real Estate - Blog Archive: 2012

The historically low mortgage rates sank even lower in November, setting records for both 30-year and 15-year fixed rate loans.
According to Freddie Mac, the 30-year fell to 3.31% from 3.34% in mid-November. The 15-year rate averaged 2.63% compared to 2.65%. The current conditions mean it may make sense for current mortgage borrowers and new home buyers to look at shorter-term loans.
An example of how the numbers add up follows: Homeowners currently paying off 30-year loans with rates of 4% spend $1,098/month in mortgage payments on a $200,000 balance, paying total interest of $143,739.
Refinancing at 2.63% for 15 years would cost them $250/month more, but they would end up paying just $42,250 in total interest and their payment years…

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Our monthly stats reports on local real estate have shown steady growth year over year in Breckenridge, Summit County and Park County sales transactions. We’re confident the local real estate market is well on its way to recovery and it only helps to take a broader look at what national real estate experts have to say about the housing market nationwide.
Recovery of the housing market should continue through the coming years, assuming there aren’t further limitations on the availability of mortgage credit or a “fiscal cliff” according to forecast presentations at a residential forum at the 2012 REALTORS® Conference and Expo.
Lawrence Yun, chief economist of the National Association of REALTORS said the housing market clearly turned around…

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Welcome to holidays in our winter wonderland of Breckenridge. We can't think of better place to ring in the new year than our own Summit County home. Breckenridge, Keystone and Copper are here to help make ringing in the new year extra special with fireworks, torchlight parades and typically lots and lots of snow. Happy New Year!

Breckenridge Ski Resort
Bring in the New Year with a boom! Watch a spectacular array of fireworks, going off between Peak 8 and Peak 9. You can find best visibility from downtown Main Street. Catch the Torch Light Parade flowing down the Breckenridge Ski Resort.  6pm, Torchlight Parade Visit www.breckenridge.com for additional event information.

Keystone Ski Resort
6pm, Lakeside Village Fireworks 7pm, River Run Village…

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The bigger and better Dew Tour will feature the world’s top freestyle skiers and snowboarders as they converge in Breckenridge to kick off the first major event of the winter action sports season. The only winter event of the 2012 Dew Tour will feature more competitions, including ski and snowboard Big Air, as well as a Film Night and concert that will take over downtown Breckenridge.
The Dew Tour Mountain Championships will feature many of Breckenridge's world-class team skiers and riders.
Freeski Men’s Slopestyle: Bobby Brown, James Woods 
 
Freeski Men’s Big Air: Bobby Brown 
 
Freeski Women’s Slopestyle: Keri Herman, Anna Segal 
 
Snowboard Men’s Pipe: Zach Black, Brett Esser 
 
Snowboard Men’s Slopestyle: Eric Willett 
 
Snowboard Men’s Big Air: Eric…

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Welcome to the Top 5 Real Estate Deals for December 2012. It 
remains a terrific time to be a buyer in our market with a great 
selection of well-priced properties and continued historically low 
interest rates. Whether you’re considering a beautiful ski-in, ski-
out private home on the slopes of Breckenridge or an income 
producing condo in the core of Keystone Village, you’ve come 
to the right place. So let’s take a look at a few of the exceptional 
values on the market today.
And, now for our Top 5 Real Estate Deals for December 2012.

1.)  Silver Mill Condo, Keystone  
First, let’s check out the least expensive 2 bedroom, 2 bathroom property in the core of Keystone’s River Run Village. Within a couple hundred yards of the Keystone…

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November 2012
Breckenridge Residential Sales
Breckenridge sales included 31 Single Family Residences, 2 Duplexes, 24 Condos and 6 Townhomes for a total of 63 transactions for the month. 
Summit/Park County Residential Sales Summit and Park County sales included 66 Single Family Residences, 6 Duplexes, 81 Condos and 19 Townhomes for a total of 172 transactions for the month. 

November 2011
Breckenridge Residential Sales
Breckenridge sales included 21 Single Family Residences, 2 Duplexes, 30 Condos and 3 Townhomes for a total of 56 monthly transactions.

Summit/Park County Residential Sales
Summit and Park County sales included 48 Single Family Residences, 6 Duplexes, 68 Condos and 16 Townhomes for a total of 138 monthly transactions.

Please contact your Broker…

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October 2012
Breckenridge Residential Sales
Breckenridge sales included 20 Single Family Residences, 5 Duplexes, 32 Condos and 4 Townhomes for a total of 61 transactions for the month. 
Summit/Park County Residential Sales Summit and Park County sales included 60 Single Family Residences, 13 Duplexes, 101 Condos and 16 Townhomes for a total of 190 transactions for the month. 


October 2011
Breckenridge Residential Sales
Breckenridge sales included 20 Single Family Residences, 3 Duplexes, 18 Condos and 8 Townhomes for a total of 49 monthly transactions.

Summit/Park County Residential Sales
Summit and Park County sales included 53 Single Family Residences, 12 Duplexes, 55 Condos and 20 Townhomes for a total of 140 monthly transactions.

Please contact your Broker…

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UPDATE: This event has been postponed. Please check back for dates in February or March.

The 5th annual Breck Snowflake Challenge brings snow sculpting back to its roots and onto the streets of downtown Breckenridge again this December. It's a fun kick-off and warm-up to the International Snow Sculpting Championships event in January. Sculpting sites throughout Main Street and downtown Breckenridge truly come to life over the course of the competition with amazing creations, adding to the beauty and surroundings of our perfect mountain town.   

The Breck Snowflake Challenge is produced by Breckenridge Associates Real Estate and the founders of Breckenridge’s International Snow Sculpture Championships as a means to develop a new generation of snow…

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Fannie Mae’s economists expect home sales to increase approximately 9 percent this year from last year’s levels. Their team of experts believe home prices hit bottom earlier this year. They state, record low mortgage rates and the Federal Reserve’s latest round of mortgage backed security purchases combined with current pricing will likely bring more buyers into the housing market.
  Nationwide, they’re expecting sales will round out at 4.98 million this year and increase to 5.19 million units next year (for the first time in years). Fannie Mae’s team is estimating a rise of 2.9% in prices.
  Locally, we’ve experienced year over year sales growth in Breckenridge as well as the Summit and Park County markets. Breckenridge has grown 10% in residential…

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Winter is here with all of Summit County ski resorts welcoming the start of ski season. Breckenridge opened this past weekend, and Keystone, A Basin, Copper and Loveland have their lifts churning for the winter too. Bring on the snow!

If you are considering spending more time in the mountains this ski season by purchasing a home in Breckenridge, Summit or Park County, now is the time to buy. Call Breckenridge your home this winter.

And, now for our Top 5 Real Estate Deals for November 2012.


1.) Whitewolf Unit 25, Breckenridge 
This townhome is located just below the base of Breckenridge Ski Resort's Peak 8 and adjacent to the Breckenridge Nordic Ski Center. On the bus route with easy access to town and the slopes. The owners bought the home for $825,000…

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