Breckenridge & Summit County Real Estate Statistics | Breckenridge Associates Real Estate | Page #6

Summer in Summit and Park Counties are traditionally our busiest season for real estate sales and this summer seems no different. A strong jobs report for July and record low mortgage rates contribute to the strength of the resort real estate market. In fact, as of August 11th, jumbo 30 year fixed rate mortgages moved to a record low for the second consecutive week.

Some important local trends to note include continuing appreciation and quick absorption. There are approximately 30% fewer active residential listings on the market than this time last year, properties are selling faster than ever, values are up, and homes are selling at 95%-98% of listing price. Depending on location and type, we are seeing properties spending only half or fewer days on…

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No one wants to leave money on the table.

We've all heard the stories about the fortunes made in real estate- and there is such a thing as a make-me-move price. But what if you truly want to sell your property in a timely and efficient manner? Then all the factors matter- marketing, curb appeal, staging, and of course- price.

When buying a property, we all start with a price range. Active buyers are doing the same- so your property must stack up against everything else that is not just currently on the market, but also properties that have sold in the recent past. Not just for the purpose of appealing to the buyers sense of value- if a purchase is going to be financed with an underwritten loan, part of the approval process includes looking at…

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June is here, and with it begins the dream of high country summer. Its effects are so profound, with the perfect blue skies, white-capped peaks, low humidity, cultural offerings and incredible trails, that we see many people unable to resist the lure of finding their own mountain property. It’s a siren song we understand and a spell under which most of us here at Breckenridge Associates Real Estate have personally fallen. We understand the local market and the larger economic forces at play, but also understand the emotional pull of high country real estate.

Some might say that a mountain home is a bargain at any price, considering the amenities and benefits of a high country lifestyle. Benefits aside, Summit and Park County real estate continue to…

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In Summit County, low inventory levels combined with low interest rates meet high adrenaline offerings like world class ski areas, trails and open space, a vibrant arts scene and 300 days of sunshine a year to create an understandable atmosphere of high demand for real estate. How can you set yourself apart from the crowd to stand out as a most desirable buyer?

Experts recommend sellers have their loan pre-approved and down payment ready before starting their search. We are happy to connect you with local lenders familiar with our market. Inventory is low and demand is high—a buyer needs to know exactly what their parameters are before beginning the search. Having multiple contracts is becoming the norm, so as a buyer, you should be ready to compete to…

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Once again a steady trajectory of growth for the Breckenridge and Summit County real estate market is confirmed by the 2016 first quarter real estate statistics. Real estate remains a strong investment in spite of the complexities in the marketplace. Currently in Breckenridge and Summit County limited inventory restricts Buyers choices.  Active listings in Breckenridge are down, 34 percent. However, Sellers are able to capitalize on higher prices due to the low supply levels.  Since the beginning of the year, the Breckenridge residential real estate market sold over $97.5 million in dollar volume, up 15% compared to the same time period in 2015, and has recorded 122 transactions, a gain of 7% from the previous year.  These indicators provide us with a…

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Why List with Breckenridge Associates Real Estate? Wondering who will sell your home this summer? With years of knowledge and understanding of the marketplace, Breckenridge Associates Real Estate is your home town team to get the job done! We have an unparalleled dedication to the real estate industry, our mountain community, and our clients. When it comes to real, measurable performance, let the facts speak for themselves.

•Breckenridge Associates Real Estate was the #1 real estate office in 2015 in Breckenridge Dollar Volume
•Breckenridge Associates Real Estate was the #1 real estate office in 2015 in Breckenridge Total Sides Represented
•Breckenridge Associates Real Estate was the #1 real estate office in 2015 in Breckenridge Number of Properties…

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A spectacular performance for the Breckenridge and Summit County real estate market...that describes the 2015 statistics as we begin to settle into 2016 and pause to take a look back into the real estate markets in Breckenridge and Summit County.

Breckenridge and Summit County
For several years, the local markets have continued to show signs of steady, positive growth.  Home values continued to tick upwards, as supply levels plummeted.  Over the last few years, the oversupply of listings had kept the pressure on prices to remain steady. Last year changed that...it was the opposite.   In just 2 short years, from the end of 2013 through 2015, the available listings were cut in HALF. With this shortage of properties to sell, Buyers were eager to get into…

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The Breckenridge, Summit and Park Counties real estate markets continue to thrive.  Breckenridge Associates Real Estate monthly market overview keeps on indicating that owning mountain property is highly desirable.  For the entire year of 2014, total residential properties sales in Breckenridge totaled 655.  We have already surpassed that number with 660 residential transactions closing through the end of November.  Likely the 2015 residential sales will finish by outperforming 2014 by almost 17% due to the 145 pending sales.  Solid and climbing sales numbers are a strong indicator that the market is on a positive trajectory. Meanwhile, the number of real estate showings dwindles.  Year-to-date, the number of showings is down over 17%, signaling that…

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The local real estate market in Breckenridge and Summit County continues to show strong signs of stability.  Reduced inventory and a strong Buyer demand has resulted in impressive sales numbers year to date.  Many of the current statistics are comparable to the record high 2007 numbers, prior to the housing recession. The number of residential properties that have sold in 2015, in Breckenridge and Summit County, has been spectacular.  Year to date, the Breckenridge residential market has outperformed 2014 by almost 12 percent; 605 residential properties were sold as of October 31st, 2015.   The number of active listings has decreased to an all time low, with only 273 active listings at the beginning of November 2015.  This compares to 673 for the same…

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As we approach the end of the Breckenridge real estate selling season, the local market statistics indicate we had a favorable summer this year compared to years past. August and September 2015, were both remarkable. The number of properties sold and dollar volume sold outperformed anything else on record.  Year-to-date, the total number of residential properties sold in Breckenridge totaled 517 compared to only 454 for the same time period in 2014.  This year has outperformed the previous year by almost 14 percent.  Even though the number of showings continues to dwindle, down 11.5 percent for the month of September, residential properties in the area continue to sell.  In most sectors of the residential market, the average sales price has increased,…

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