Springtime is quickly slipping away to summer. The temperatures are starting to warm up and the snow is melting. Soon, the only trace of winter that will be left is a few patches on the Ten Mile Range. The first quarter statistics showed that the Breckenridge and Summit County markets were on track for a better year. The month of April was a bit slower than the previous months, but that is typical as the visitors leave town and Breckenridge returns to quiet a mountain town.
For the month of April 2014, the Breckenridge residential market saw 52 properties sold, down from April 2013 when 67 residential properties sold. Last month, there were 20 single family homes that sold, 4 duplex homes, 23 condos and 4 townhomes that sold. An impressive sign was that for the fourth year in a row, the number of residential properties on the market, declined. In 2011, at the beginning of May, there were 569 residential properties available. In May 2014, there are only 362 residential properties available. If you are considering selling your mountain property this summer, your competition is much less than in the past.
In Summit County, the residential market is down slightly, about 2.5 percent, year-to-date. For the month of April 2014, there were 41 single family homes that sold, 13 duplex homes, 59 condos, and 13 townhomes that sold. Just like the Breckenridge active residential properties, Summit County has also seen a large drop off in the number of active listings available. In 2011, 1,604 residential properties were available beginning of May. Today, that number has dropped significantly to 1,223 residential properties.
Whether buying or selling in Summit or Park County, let our local team of real estate experts go to work for you. Contact our local team to learn more about what's happening in Breckenridge, Summit County and Park County real estate, 800.774.7970 or 970.453.2200. Click here for the latest news about Breckenridge Real Estate.