2023 End of Year Real Estate Market Stats for Breckenridge

Breckenridge’s Market Remained Steady Throughout 2023

Breckenridge's residential market remained stable throughout 2023. Single Family Home Prices in Breckenridge ended the year up 1.15% versus a 7.72% increase in 2022. The relatively stable pricing levels are the result of continued low inventory levels. 2023 ended with Breckenridge’s inventory levels at 124 active listings, down from the 8-year average of 148 active listings. However, inventory is still up from Covid levels which were 85 active listings at the end of 2020 and 54 active listings at the end of 2021. As inventory continues to normalize back to pre-Covid levels, so does the average days on market; now trending back towards the more typical 75-90 days.

Vacant Land and Townhomes…

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Where to Après in Breckenridge | Part 1

Your Guide to Breckenridge's Après Scene: Part 1

There’s no better way to unwind after a thrilling day on the slopes than with a well-deserved après drink. Renowned for its world-class skiing, Breckenridge offers a vibrant après ski scene that caters to every taste. Whether you prefer a cozy fireside atmosphere, a bustling bar with live music, or panoramic views of the snow-covered peaks, Breckenridge has it all. Join us as we explore the top spots in town to raise a glass and toast to a day of adventure on the slopes.

1. Briar Rose Chophouse

The Briar Rose Chophouse offers a sophisticated après-ski experience that perfectly combines the rustic charm of a mountain town with the elegance of a fine dining establishment. Known for its…

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January 2024 Top 5 Real Estate Opportunities in Summit County

New Year, New Real Estate Opportunities

Happy 2024! The new year is a time for reflection, setting new goals, and excitement for new opportunities. If spending more time with your loved ones in our beautiful mountain town is one of your resolutions this year, finding the perfect space for your family gatherings is the first step. The Brokers at Breckenridge Associates Real Estate have the local expertise to help you easily navigate our resort market conditions to get you into the best home for your family to start enjoying more quality time together.

Breckenridge Associates Real Estate’s Top 5 Real Estate Opportunities for January 2024:

842 N Summit Boulevard #35 | Commercial Opportunity

Commercial condo space available in the heart of…

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Top 5 Real Estate Opportunities in Summit County, December 2023

The Top 5 Real Estate Opportunities in Summit County, CO for December 2023

December in Breckenridge is postcard perfect with snow covered peaks, twinkling lights glowing throughout town, and the air full of holiday spirit. Families from across the country travel to Breckenridge to celebrate the season with loved ones, hit the slopes, and attend our renowned winter festivals. If you’re ready to make spending the holidays in Breckenridge a tradition for your family, your BARE Broker can help you find the perfect mountain home to gather at year after year.

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

Timber Lodge at Lake Dillon Unit #203

Great opportunity to own in the heart of Summit County.…

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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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