The end of skyrocketing prices?

As ski season comes to an end, selling season begins! Put the skis away and take out the For Sale signs. If you have been wondering whether to list your Breckenridge or Summit County mountain property, we hope the first quarter Summit County MLS statistics will give you the answer.  

The most significant statistic from the 2022 first quarter report is that residential property sales in Breckenridge are down 42% from end of March 2021. For all of Summit County, sales are down 31%. Inventory is slightly up in both Breckenridge and Summit County. List-to-sales-price ratio remains the same for March 2022 as it was in March 2021 (100%). Summit County inventory peaks June-September once ski season makes its farewell on…

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The unexpected boom that occurred in our real estate market in 2020 continued its upward trend into 2021. The overall number of residential properties sold in Breckenridge increased from 798 to 812 while Summit and Park Counties combined saw an increase from 2666 to 2702.

What makes these statistics even more remarkable is that they are coupled with historically low inventory even during the busier selling seasons. More buyers are buying and more sellers are selling. Demand is high and supply is low.

Has anything gone down? Yes- days on market are down! Properties sell so quickly that inventory levels don’t appear to change. 

Is it a great time to sell? Yes! Sellers are seeing huge returns, even on homes recently purchased in the past 12-24…

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The luxury real estate market has increasingly become an important sector in the Summit County real estate market, but with a limited number of properties available and a fast-growing demand.

Depending on the type of property-short term rental condo, second home, townhome, etc.- it takes a seasoned Real Estate professional who understands our local market to provide the knowledge and expert advice for both buyers and sellers. Every real estate transaction is important to those involved, and in the luxury market, experience matters. Breckenridge Associates has a proven track record with this high-end market, having closed 109 $1M+ home sales in 2020. And, as evidence that this market is expanding, Breckenridge Associates has already brought to close 55…

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If you’ve listened to any real estate news in the past 6 months, you won’t be surprised by the 2020 year-end statistics. It was the year of the most unexpected real estate boom in history and occurred not only in Summit County, but across many parts of Colorado. Home is no longer just the space where we relax and sleep at night. For millions of Americans, home has evolved into a workplace, school, gym and base for outdoor activity.  

Take a look at these statistics from 2020:   

Sales in Breckenridge for all property types increased 24% over 2019 (798 properties sold vs 640). Sales for all of Summit County is up 21%. List-to-sales price ratio and price per square foot are at record-breaking highs and inventory is at record-breaking…

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2020 sales through October 31st brought stats none of us saw coming. Like the rest of the world, we have been shocked this year by circumstances never before encountered. Knowing the Breckenridge real estate market fared better than most back in 2008, we could only be cautiously optimistic. When public health allowed real estate showings to resume this past June, we were more than pleased to see buyers returning, but never expected to see the surprising gains reflected in the October stats report. 

Clearly, people want to own property in the mountains. Sales prices are going up and inventory is going down. Our office is following this trend with an increase of 23% in sales dollar volume. While residential sales are up, the number of…

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Freddie Mac has delivered news that will potentially boost sales as our Summit country real estate market heads into its busiest selling season. US long-term mortgage rates have fallen for the third straight week, with the 30-year loan at its lowest point in three years at 3.45 percent. The average 15-year mortgage has dropped to 2.975 percent. Experts expect rates to remain in a holding pattern below 4 percent. Mortgage rates at these lows were last seen in 2016, which makes 2020 a profitable time for refinancing or purchasing. Even if rates should rise a bit, they are low by historical standards.

At present, in our local area, there are 176 active residential listings for Breckenridge and 503 in Summit County. These numbers are higher than they have…

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The following statistics provide a clear picture of how we measure up against other brokerage firms in the area. Once again, we lead the industry in Breckenridge and, overall, rank among the top-performing offices in the county. While we are proud of our numbers, we never lose sight of the fact that our success is the result of the trust placed in our company by past and current clients.

Breckenridge Associates Real Estate (with 18 professional brokers) is ranked:

Number 1 in Breckenridge for 2019:

· Sales over $1 Million Dollars
· Sales over $3 Million dollars including the top sale ever in Breckenridge at $10,100,000
· Number 1 for active residential listings

If you’re planning on buying or selling soon, the pressure is off.  During the winter…

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Current U.S. Mortgage rates are favorable and top economists predict that rates for the end of 2019 will average between 3.8 percent and 4 percent for 30-year fixed rates. According to Freddie Mac, only one year ago in 2018, a 30-year fixed rate mortgage was 4.81 percent, thus showing a sharp decline in today’s rates. It’s interesting to note that in a year-over-year comparison for the week ending November 21, 2019, 30-year rates stood at 3.66 percent. In addition, mortgages have shown a steady decline throughout 2019, with the historic low for 30-year rates at 3.31 percent in November 2012.

Freddie Mac, Fannie Mae and the Mortgage Bankers Association predict these favorable conditions are likely continue for the foreseeable future, good news for…

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As the official ski season kicks off, Breckenridge becomes the choice destination for many snow lovers visiting Summit County. It’s not unusual to see—after visitors fall in love with our wonderful town and vibrant community, our world-class ski area and myriad of other winter activities—that they may spend a day or two exploring real estate opportunities. Sometimes the itch is for a ski condo, sometimes a welcoming home where family and friends can gather all year to enjoy our mountain paradise. Often these "maybe I really do want a place in Breck" end up hesitating. There are lots of reasons why, but often we hear, “Maybe prices will go down,” or “Maybe sellers will be more willing to negotiate next year,” along with other market-related musings. Our…

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It’s been a very busy and exciting summer and fall for everyone at Breckenridge Associates Real Estate. We’ve been working tirelessly as we engage with our clients, helping them achieve their real estate goals in Breckenridge and throughout greater Summit County. With the spectacular variety of activities, adventures and conveniences available in our local community—things that make living here so rewarding —we’re proud our clients want to call Breckenridge home, too.

We have made it our goal to be your trusted, local real estate experts in Breckenridge and Summit County. Year-to-date statistics allow us to see how we measure up against brokerages in the area, and we’re happy to report that Breckenridge Associates Real Estate—and the work we do for…

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