Breckenridge & Summit County Real Estate Statistics | Breckenridge Associates Real Estate | Page #4

Olympic season makes us think of records set and records broken, and here in Summit County we are setting some interesting records. Inventory is as low. Like record settingly low. In the last seven years, the greatest amount of available listings for both Breckenridge and greater Summit County occurred in August of 2011. As of on February 9th, we have just over 17% of those listing numbers available. To be fair, summer is always the busiest season for real estate, but this gap is shockingly wide. If you are thinking about selling, this would be the time to jump.

For the majority of ski town dwellers, references to bulls and bears bring to mind the bull moose and brown bears we are likely to see while out hiking, but perhaps with this particularly…

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Breckenridge Sales by Realtor up to December 2017

2017 shaped up to be a fine year in Summit County real estate all the way around. The number of sales reached the highest point since 2007, and almost reaching 2007 volume, both in greater Summit County and Breckenridge specifically. We continue to follow the seasonal arc of a summer peak with pronounced but steady shoulder seasons, and we are seeing these sales numbers with an ever decreasing amount of available listings. Simple supply and demand tells us that in these circumstances prices will rise. And rise they did.

The impacts of tax reform: housing prices are expected to react negatively in highly taxed areas as the $10,000 mortgage interest deduction comes into play (maximum of $10k is allowable as a income tax deduction in the tax bill…

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The Source Magazine is your go-to real estate information guide for Summit and Park Counties, provided by the expert team at Breckenridge Associates Real Estate. The Source Magazine will provide you with a snapshot of our current real estate listings and the real estate market in the area. Please stop by our Main Street location or call us at 970-453-2200 to meet with one of our real estate experts for up to the minute availability and to get to know our Home Town Team.

We have a demonstrable track record of commitment to our community. Our high percentage of return clients and referrals is a proud hallmark of our service. Each of our 16 Broker/Partners would be happy to help connect you with your next mountain home.

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We talk a lot in this space about the desirability of resort real estate, and how that affects values and investment potential. Plenty of special circumstances make property for sale in Breckenridge and surrounding Summit County more valuable than real estate in other resorts: gondola from town to mountain, high sales tax revenue per capital, community-sanctioned focus on recreation and the arts, the world’s highest deep-water marina, golf balls that fly far with high altitude assistance. One important Summit County local circumstance is that the valley floor — the private land in a county that's more than 80 percent public land — is reaching build-out. While we may be insulated by these amenities and limited supply, we are not immune up here to the…

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Let me count the ways. 

  1. Lifestyle. Invest in you. There exist any number of studies showing both the immediate health benefits of an active lifestyle, and of spending time in nature. In our opinion there is just no better place on the planet for ripping single track trails on your bike, making powder turns on your planks, hitting high altitude assisted golf shots under the gaze of majestic peaks, or just contemplating nature. They may call us hedonists, but we consistently rank among the healthiest populations in the country. Health is wealth.

  2. Appreciation. Because of our fortunate position, sitting in the midst of four world-class resorts, ringed by national forest, a short drive from the richly resourced, fast growing and…

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Any way you slice the real estate market in Summit County, Breckenridge Associates Real Estate is proudly always at or near the top of the list. By dollar volume, by number of transactions, and whether considering all of Summit County, or Breckenridge only- you’ll find our name up top. We don’t have the most brokers; we are efficient, professional and our clients return and they trust us with their friends and loved ones. We are extremely proud to serve our clients and community with quality service and attention.

While the overall economic indicators are somewhat of a mixed bag right now, most economists seem to agree that the soft spots can be attributed to the recent slew of natural and manmade disasters- the hurricanes have cause some to put…

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Consumer confidence is at a sixteen year high per the latest Consumer Confidence Index. “Consumer confidence increased in August following a moderate improvement in July,” said Lynn Franco, director of Economic Indicators at The Conference Board in a statement. “Consumers’ more buoyant assessment of present-day conditions was the primary driver of the boost in confidence, with the Present Situation Index continuing to hover at a 16-year high.”

While strong consumer confidence numbers can signal increased willingness to borrow, which is a good indicator of a potential rise in real estate sales, it is important to remember some truths about buying, selling and holding your mountain home. Resort real estate tends to exist in a “snow globe” where demand…

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It comes as no surprise to most, as we reflect upon another summer real estate sales season, that the market up here was hot- and not just because at this altitude we are closer to the sun.

So what are the numbers to back up the armchair analysis that things really seemed to be moving?

The Land Title Company’s data, as compiled from the actual recorded transactions at the County Clerk and Recorder’s office, show this:

  • In 2017 vs 2016, the average single-family home sale price in Summit County was up 18%, and multi-family unit was up 12%.
  • The percentage change year to date change from 2017 as compared to 2016 shows a dollar volume increase of 41% and an 11% increase in volume.
  • The average sale price for all types of residential in all…

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The Farmer’s Almanac calls for the winter of 2017/2018 to be warmer than normal with above average precipitation. Heck yeah! That’s a weather prediction we can get behind. Who doesn’t love sunny powder days?

In the slightly more scientific world of Labor and Employment statistics, The July Jobs report also held happy surprises- perhaps the economic version of a sunny powder day. Says Fortune Magazine, “Job growth was solid, but not strong enough to spook the Fed. Wage growth picked up, but not enough to threaten inflation. Discouraged workers began making their way back into the job market, indicating that despite an unemployment rate of just 4.3%, there’s still some slack to fuel future growth. An important milestone was passed: the Hamilton Project…

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The Source Magazine is your go-to real estate information guide for Summit and Park Counties, provided by the expert team at Breckenridge Associates Real Estate. The Source Magazine will provide you with a snapshot of our current real estate listings and the real estate market in the area. Please stop by our Main Street location or call us at 970-453-2200 to meet with one of our real estate experts for up to the minute availability and to get to know our Home Town Team.

We have a demonstrable track record of commitment to our community. Our high percentage of return clients and referrals is a proud hallmark of our service. Each of our 16 Broker/Partners would be happy to help connect you with your next mountain home.

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