Mortgage Interest Rates Begin to Decrease Heading Into 2024

Interest Rates Begin to Decrease Heading Into 2024

2023 Interest Rates Double Over Previous Years

Interest rates for 2023 were the highest the United States has seen since the 1990’s. We entered 2023 with interest rates above 6% only to see rates soar to above 7% in late October – more than double their historic lows seen in 2020 and 2021.

As mortgage interest rates climbed this past year, the Breckenridge home buying market adjusted to current market conditions with a historically low inventory. Demand to own in Breckenridge and the surrounding areas of Summit County, however, remained strong leading to an uptick in the number of cash deals.

Interest Rates Begin to Drop as 2023 Comes to an End

We’re finally seeing mortgage interest rates…

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Virtual Staging for Your Summit County Home

Make Your Home Stand Out with Virtual Staging

Virtually staged property: 306 Miners Loop

First impressions are everything when listing your home for sale. Experienced sellers know that home staging is an essential part of the home selling process. A well staged home can make all the difference in the number of days a property is on the market or receiving your full asking price.

As technology continues to advance, it’s more and more common for sellers to opt for virtual home staging over traditional home staging. With its ability to help buyers visualize themselves within a space, while still allowing buyers to see the full potential of an unfurnished home, virtual staging can be a useful tool for both new builds and long-standing…

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Top 5 Real Estate Opportunities in Summit County, November 2023

Top 5 Real Estate Opportunities in Summit County for November 2023

Breckenridge’s Opening Day is finally here and excitement for the 2023-24 ski season is at an all-time high. With our town’s diverse dining scene, bustling Main Street shops, and world-renowned ski resort, all set against sweeping mountain views, it’s easy to see why so many visitors are drawn to Breckenridge year after year. Whether you’ve been dreaming of a legacy home for all generations of your family to spend the holidays or to increase your portfolio with a new investment property, November is the perfect time to find the deal you’ve been searching for!

Breckenridge Associates Real Estate’s Top 5 Real Estate Opportunities for November 2023:

Ten Mile Creek Unit #216

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Best Winter Trails Near Breckenridge

The Best Winter Trails Near Breckenridge for Snowshoeing and Cross-Country Skiing

Looking for an adventure off the slopes this winter? Check out our list of the Top 5 Winter Trails Near Breckenridge!

1. Pennsylvania Creek Trail

Photo by Lauren Dunne on AllTrails

This 4.5 mile, moderately rated trail leads hikers along a shaded forest road, opening to gorgeous views as the trail reaches Pennsylvania Creek. In the earlier hours of the day, it is possible to enjoy this trail with only micro spikes, if the trail is already packed down, however on days with fresh snowfall or in the later hours, snowshoes or cross-country skis are needed to avoid post holing. Dogs are welcome on this trail and must remain on leash.

Length: 4.5 Miles

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2023 3rd Quarter Market Statistics

2023 3rd Quarter Real Estate Market Statistics

With the stunning fall weather continuing to bring in visitors into our quaint and lively town, it is our pleasure to report that the real estate market here in Breckenridge and across Summit County remains “balanced”.

Low Inventory Levels Impact Supply-Demand Dynamics

Inventory levels remain historically low at 548 county-wide year to date compared to the 10-year average of 746. Correspondingly, the number of Properties Sold county-wide also remains historically low at 1,177 year to date versus a 10-year average of 1,610. Current supply-demand dynamics have led to a slight decrease of 2.58% in the Average Sold Prices for All Property Types across all areas of the county. While Days on Market remains…

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Top 5 Real Estate Opportunities in Summit County, October 2023

Top 5 Real Estate Opportunities in Summit County for October 2023

October is a magical time in Breckenridge with beautiful vistas of golden aspens set against snow covered peaks. You can feel the anticipation of Opening Day in the air. If you’ve been dreaming of a ski home for your family to gather for the holidays, now is the time to buy.

Breckenridge Associates Real Estate’s Top 5 Real Estate Opportunities for October 2023:

Gold Camp Condo II Unit #136

Located near the Peak 8 Breckenridge ski area base, it’s just a free shuttle ride to skiing and Main Street. This second-floor location has an open floor plan, deck, and a private ski locker. The condo is currently being painted for a fresh interior.

MLS# S1041050 | $625,000

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6 Fall Hikes for Leaf Peeping Near Breckenridge

6 Fall Hikes Near Breckenridge for Leaf Peeping

Fall is one of the best times to hit the trails in Summit County, when aspen groves around Breckenridge turn shades of gold and yellow. Fall colors typically begin appearing in September, but timing varies each year depending on elevation, temperatures and weather conditions. If you're looking for some of the best fall hikes near Breckenridge for leaf peeping, these six trails offer a mix of easy walks, longer hikes and mountain views.

The crisp fall air, glowing aspen groves, and sunny autumn days make Breckenridge an ideal place to soak in the magic of fall in Colorado. Planning your next leaf peeping trip or looking for the perfect fall hike while you're in town? Check out our list of the 6 Best…

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Top 5 Real Estate Opportunities in Summit County for September 2023

Top 5 Real Estate Opportunities in Summit County for September 2023

September marks the season of change in the mountains as leaves turn golden yellow and the air becomes crisp. Soon the peaks will have their first dusting of snow. If you’ve been dreaming of spending your holidays in the mountains, now is the perfect time to find your family’s ski getaway!

Breckenridge Associates Real Estate’s Top 5 Real Estate Opportunities for September 2023:

412 SOUTH MAIN STREET #1B4

This charming 2-bedroom, 1-bathroom condo located on Main Street in Breckenridge, offers the perfect blend of affordability, convenience and parking. Situated within walking distance to the base of Peak 9, you'll enjoy easy access to world-class skiing and a plethora…

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Everything You Need to Know About the Floyd Hill Project on I-70

CDOT Announces I-70 Improvement Project

In June, the Colorado Department of Transportation (CDOT) announced the commencement of a major infrastructure project aimed at relieving congestion and improving traveler safety along the Floyd Hill section of I-70. Commonly named the “Floyd Hill Project”, the improvements will overhaul the 8-mile stretch between Evergreen and Idaho Springs.

The Floyd Hill Project will be completed in 3 phases. Once complete, it should help reduce the number of slow-downs and accidents that lead to closures, ultimately making travel to Summit County and our world-renowned ski resorts easier for travelers coming from the greater Denver area.

We’ve outlined the scope of the Floyd Hill Project to help you understand its…

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Top 5 Real Estate Opportunities in Summit County, August 2023

Top 5 Real Estate Opportunities in Summit County for August 2023

Cool mountain mornings and sun filled days make August the ideal time to take your last family trip of the season before school starts back up. Ready to turn your family’s special moments together into a tradition? August is the perfect time to secure your mountain getaway for family gatherings this winter and for years to come.

Breckenridge Associates Real Estate’s Top 5 Real Estate Opportunities for August 2023:

TANNHAUSER CONDO Unit 3

This beautifully remodeled one bedroom is 1 block from Main Street Breckenridge and only 3 blocks to the Quicksilver chairlift. Located on the first floor for easy access and one of the few units in the complex to have its own private…

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