Once again a steady trajectory of growth for the Breckenridge and Summit County real estate market is confirmed by the 2016 first quarter real estate statistics. Real estate remains a strong investment in spite of the complexities in the marketplace. Currently in Breckenridge and Summit County limited inventory restricts Buyers choices. Active listings in Breckenridge are down, 34 percent. However, Sellers are able to capitalize on higher prices due to the low supply levels. Since the beginning of the year, the Breckenridge residential real estate market sold over $97.5 million in dollar volume, up 15% compared to the same time period in 2015, and has recorded 122 transactions, a gain of 7% from the previous year. These indicators provide us with a positive outlook going into the busiest selling season….summer!
We are already focusing on another incredible summer season. Pending sales are often a great predictor for future sales in the area. As April begins, there are 122 pending residential transactions in Breckenridge....and only 224 listings currently listed on the market. If you are considering putting your property on the market, now is a great time to start preparing. And if buying into your dream of a mountain home is on your radar screen, be ready to move quickly.
In order to achieve your goal of buying or selling your home during the busiest season, let Breckenridge Associates Real Estate put our expertise, knowledge, and experience to work for you. We would be happy to assist in the sale or purchase of a property. Please contact us at 970.453.2200 or by clicking here.