Breckenridge & Summit County Real Estate Statistics | Breckenridge Associates Real Estate | Page #3

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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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…

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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…

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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…

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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 sales…

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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…

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