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Breckenridge Real Estate Blog

Mortgage rates have crept up slightly to now above the 5 point mark from their record low of 4.71 in December. They were pushed down in the fall due to the campaign led by the Federal Reserve to help reduce consumer spending. The program ended in March. Current rates for a 30 year fixed loan is currently 5.06, down a tick from last week's 5.07.

Read more on the MSNBC Mortgage Rates Article.
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Most homebuyers in search of a home automatically assume buying a foreclosed property means they’re getting the best deal out there. However, this often isn’t the case. Purchasing a foreclosed property truly can be a great investment, but it could also be an eye-opening experience for those not aware of the process and problems that can occur along the way.

Fortunately, from a property-value standpoint, we have not seen significant growth in the number of foreclosures locally as many other markets have experienced. Out of 26,765 properties in Summit County only 47 sold as foreclosures in 2009*. Unlike many areas, Breckenridge has a high number of cash transactions. This coupled with a healthy rental pool and a stable tourism-based economy, has surely helped…
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After successfully closing two record-breaking sales in the past few months as well as achieving leading brokerage status in Summit & Park County sales volume for 2009, we are pleased to report a stable continued stretch of accomplishments among the Breckenridge Associates Real Estate team in what has otherwise been a challenging time for many local brokerages.

The two record-breaking transactions consist of the highest-ever single-family home sale of nearly $8.3 million at the end of 2009 and the most expensive residential lot sale of $3.3 million in January of this year. Each property is ski-in, ski-out and located in the luxury Timber Trail Subdivision near Peak 8 Village of the Breckenridge Ski Resort. Breckenridge Associates Real Estate represented the…
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As a locally owned and operated real estate company, we are truly invested in making certain our community is growing, thriving and enjoyable for many generations to come. To help give back and show support locally, we've chosen to focus charitable efforts in the local areas of the performing arts as well as through the endorsement of successful, longstanding events. Both bring entertainment and value to our community as well as help cultivate Breckenridge’s success as a world-class, year-round vacation destination. We are proud supporters The Summit Foundation, National Repertory Orchestra, Breckenridge Music Festival, Breckenridge Film Festival and International Snow Sculpting Championships, just to name a few.

Thanks to our loyal clients, our…
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As the winter ski and snowboarding season winds down and comes to a close in Breckenridge and Summit County, homeowners wanting to sell their mountain property will most likely list this spring. It's typical in our market cycle for new listings to become available in the next couple of months to allow for them to be properly marketed and exposed for the high buying season of the summer.

From a buyer’s perspective, higher inventory levels typical of the spring mean a wider range of properties to view and choose from. Also, since many wait until the summer months to begin the search for their mountain property, those starting before the busy season will have less competition among buyers interested in the same type of property. Savvy buyers will be able to…
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Summit MLS data indicates an increase in Summit and Park County sold residential properties and vacant land from December 1, 2009 to March 25, 2010 over the same time period the year prior. This nearly four-month time frame shows there were 343 sales transactions in 2009-2010 versus 251 sales transactions in 2008-2009, a year-over-year increase of 37%.

The table below shows Breckenridge Associates Real Estate listings sold during the December 1, 2009 through March 25, 2010 time period. Breckenridge Associates Real Estate listings sold during this time over the same period the previous year have increased by more than 50%, a healthy improvement and strong indicator of first quarter sales for 2010.
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Our Spring Edition of The Source Newsletter is now online! Click on the interactive newsletter (shown below) for the latest real estate news in Breckenridge, Summit and Park Counties.

Contact your Broker/Partner to learn more about real estate opportunities and happenings in Breckenridge, Colorado and the surrounding mountain areas.
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Support the long-standing truly unique mountain film festival in Breckenridge and attend the Murder Mystery Dinner at the Lodge and Spa Saturday evening. Breckenridge Associates Real Estate proudly supports this fantastic organization and looks forward to the festival's return June 10-13, 2010.

Murder Mystery Dinner Details:
The Breckenridge Festival of Film presents a night of murder, mystery and delicious dining. The evening kicks off at 6 p.m. tomorrow night, Saturday, March 27, with appetizers and a time to ‘meet the cast’, followed by dinner at 7 p.m. This Murder Mystery dinner features an old west theme with a New Orleans style twist, all taking place Top of the World Restaurant at the Lodge and Spa in Breckenridge.

The cast consists of local celebrity…
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The First Time Home Buyer Credit and Expansion is set to expire at the end of April. Now is the time to take advantage of these home owner incentives.

The American Recovery and Reinvestment Act of 2009 expanded the first-time homebuyer credit by increasing the credit amount to $8,000 for purchases made prior to the June 30, 2010 deadline. Under the current law, an eligible taxpayer must buy, or enter into a binding contract to buy, a principal residence on or before April 30, 2010 and close on the home by June 30, 2010. At this time, qualifying purchases for 2010 would be claimed on 2010 tax forms.

Additional Law Details:
-Authorizes the credit for long-time homeowners buying a new principal residence.
-Raises the income limitations for homeowners claiming…
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The Breckenridge Planning Commission is in a agreement to allow for an alpine coaster at the Breckenridge Ski Resort, according to a recent Summit Daily News article . The plan will now go in front of Town Council March 23 for their feedback or approval.

The ski resort's Alpine Slide is always a big hit with kids of all ages each summer. The mountain coaster is similar to an alpine slide but it's on a rail on raised tracks. Vail Resorts is proposing a 2,500 foot coaster on Peak 8 between two ski runs. There is a similar coaster in Colorado at Glenwood Caverns Adventure Park.

If approved, construction may start as early as this summer.
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