The year-end 2013 statistics are starting to become available. There are several indications that Buyers were still in the market. Sales of Breckenridge single-family homes in 2013 outpaced 2012 by 5.74%. In Summit County, the single-family homes sales were marginally higher for the year, 3.83% higher than 2012. The condo market sales were stunning in 2013. For the Breckenridge area, condos sales were up a whopping 32.5% compared to 2012. In Summit County, 2013 condo sale increased almost 22%.
These numbers are all positive signs that the property in Summit County and Breckenridge are still in demand. On the supply side, Breckenridge is continuing to see numbers decline in available inventory. At the beginning of each year, since 2011, the available inventory in Breckenridge has dropped from 657 active residential listings to 367, at the beginning of 2014. In Summit County, the number of active residential listings has also seen a decline. At the beginning of 2011, there were 1481 active listings available compared with only 1136 active at the beginning of 2014. Buyers are seeing fewer inventory options to choose from and Sellers have less competition. Over time, this should drive the average sales prices up.
The start of 2014 is starting with a bang! There are 63 pending residential properties in Breckenridge and 164 pending throughout Summit County. Now is the time to buy real estate in Breckenridge. Please contact us to learn more about real estate in Breckenridge and Summit County, Colorado. 800.774.7970 or 970.453.2200. Click here for the latest news about Breckenridge Real Estate.Posted by Breckenridge Associates Real Estate on