2015 First Quarter Update for Breckenridge Real Estate
We are off to another promising start to the year with 114 residential properties sold in the first quarter. But the best news is that home prices and values are trending higher. Condominium prices increased by an incredible twelve percent and single family homes prices rose by almost ten percent above 2014 statistics.
While the number of transactions is slightly lower than the same period as last year (likely due to a five year inventory low), 35 percent of the transactions were ALL cash deals*. Solid buyers are in the marketplace.
Currently, there are only 334 active residential listings in Breckenridge, so if selling your current property is part of your 2015 plan- now may be the best time to get it listed.
Thus far, Breckenridge Associates Real Estate has been involved with over 28 percent of residential sales transactions. We also continue to be the top performer in number of transactions and active listings.
On your mark, get set, go! We are preparing for another stellar summer season. Pending residential property sales in Breckenridge total 123 compared to 97 from the same period in 2014…a great indicator of how the performance for the year is likely to climb.
So, now is a great time to prepare for the busy summer selling season. Our experience and top performance track record is a perfect match for your plan to list your property. If you are considering listing your property this summer, contact your Breckenridge Associates Real Estate broker.
Source: Based on local MLS data, April 7th, 2015.
*Land Title Statistics provided on March 23, 2015.