Connect

Become Associated:

New Search X

Breckenridge and Summit County Real Estate Statistics

Found 60 blog entries about Breckenridge and Summit County Real Estate Statistics.

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

125 Views, 0 Comments

It has been a busy summer in Breckenridge as we’ve been soaking up the warmer temps, and filling our longer days with hiking, biking, golf and everything in between. From our wonderful NRO Porch Series Concerts to our 4th of July Client Party, we’ve been enjoying all the fun full-swing. Thankfully, we still have lots of summer sunsets to take in. But with kids heading back to school later this month, it seems there’s somewhat of an inevitable shift on the horizon in the day-to-day freedoms summertime offers. We’re planning on savoring every last moment of summer with cherished family and friends, and hope you’re doing the same wherever you may be -- hopefully here in Breckenridge.

Breckenridge and Summit County have had a steady summer for real

166 Views, 0 Comments

Breckenridge Associates Real Estate - The Top Performing Breckenridge Brokerage in 2019

#1 in Breckenridge Real Estate Sales Volume
#1 in Breckenridge Real Estate Transactions
#1 in Breckenridge Real Estate Sales Over $1 Million

It’s been a banner start to the year for real estate sales in Breckenridge and Summit County. Our team has proven to be the trusted name for real estate in Breckenridge, leading the charge in overall dollar volume sales, number of transactions and transactions over $1 million.

Recently, we were part of the highest sale in the county with a luxury home sale of $10,100,000 in Breckenridge’s Timber Trail Neighborhood. Our office has already been a part of six sales over $2 Million in the first four months of 2019. We are

119 Views, 0 Comments

Mountain resort towns, such as Breckenridge, historically have shown steady trends in sales price growth due to being naturally positioned as luxury markets. Breckenridge is charming all on its own, but checks all the boxes when it comes to access, amenities, year-round services, and small town appeal. These attributes are key to mountain town markets and help to provide significant value to the Breckenridge homeowner and buyer.

Immediate access to recreation and a multitude of available commercial amenities set Breckenridge apart. Mountain and trail accessibility, dozens of restaurant choices, boutique shopping, free and easy public transportation, a neighboring medical center and key anchor stores, such as Whole Foods and Target, in nearby towns

342 Views, 0 Comments

Current inventory (supply) vs. sales (demand) within the single family home market segment of Breckenridge real estate is reflective of a market trend when summarizing statistics through 2018. In defining supply vs. demand in reference to single family homes, supply is defined as the current number of active Breckenridge listings, while demand is defined as the number of sales. We’ve taken a snapshot of the single family market and reviewed how the market performed in different price categories within the single family home market segment in 2018.

 As shown in our graphic, demand in the $1-2 million listing category of Breckenridge far surpasses available inventory. The $2-3 million price categories follows suit in outpacing supply, but with fewer

244 Views, 0 Comments

Are you thinking of selling your home, but wondering when it’s the right time to list your property? Don’t wait until the spring to decide. Take advantage of the hot sellers’ market now. Supply is low, demand is high, and sales are happening quickly in Breckenridge and Summit County. The current market indicates buyers are out there, and they have been willing to pay close to asking price on average, according to recorded 2018 real estate transactions.

The local Breckenridge market has experienced a steady decline of available inventory since the middle of 2015 all the way through 2018*. In July of 2015 available inventory began to trend downward and is currently less than half of what it was in the earlier part of that year. Residential listings are

291 Views, 0 Comments

With a roaring jobs report, and the economy growing in the third quarter at an annualized rate of 3.5%, wages up, an unemployment rate well below 4%, and amidst high consumer confidence levels, the Fed is almost sure to raise the interest rate to 2.5% at their December meeting. This will be the fourth interest rate boost this year, deployed as a measure against unsustainable growth.    As mortgage rates often move in anticipation of the Fed meeting and possible/probably rate boosts, it no surprise that the week of November 1-8, 2018 saw a jump in mortgage interest rates.  Freddy Mac pegs the average 30 year fixed rate mortgage at 4.94%- a seven year high. It’s notable that we are still below 5%, a number that seemed unattainable not that many years…
654 Views, 0 Comments

A friend from the Bay Area recently visited Colorado for the first time. He was, of course, taken by the natural beauty and the healthy lifestyle, but was breathless about the real estate. Why didn't anyone tell me real estate was so affordable in Colorado? My brothers house is 1000 square feet larger than mine and cost 30% of what I paid! His perception of our market came down to not just to home sale pricing, but our low taxes and lifestyle. This is of course, coming from one of the most expensive markets in the world, but is a great glimpse into the mindset of our out of state buyers.

The average sales price of a single family home in Breckenridge through the end of September, 2018 was $1,347,303.00 or $422.04 a square foot. The average sales price

634 Views, 0 Comments

The economy has come roaring back from the recession of 2008. We are seeing this strength in all sectors, and housing in Summit County is no exception. While we have yet to hit every peak of the pre-2008 summit County real estate records, we are pushing towards those numbers for the first time in a decade. This is remarkable as inventory remains at a record low and days on market are head-whippingly fast. While most economic forecasters expect the Fed to raise the rates two more time this year, in September and December, there is a rift on predictions for 2019.

A bump in the Fed rate can mean a bump in mortgage costs, making home purchases more expensive. Tracking the cost of borrowed money and staying in front of increases is a good way to help manage

1,939 Views, 0 Comments

It has been often repeated that 2017 was a once-in-a-generation sellers market in Summit County. That said, summer of 2018 continues the trend toward a healthy real estate market here in the high country. While July 2018 showed stronger numbers than July 2017 regarding number of sales, there was a 6.12% softening in sales year-to-date. Considering the record low number of available listings and the slight uptick in mortgage rates, that decline is slight and, on the whole, results indicate a strong market.

Seventy-two percent of all buyers in July of 2018 came from within Colorado, and only 1% of Summit County buyers are internationals. Interestingly, in Breckenridge this July, single family, duplex and condo sales all outpaced the July 2017 numbers,

297 Views, 0 Comments