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Breckenridge Associates Real Estate - 2009 End of Year Real Estate Report

Posted by Breckenridge Associates Real Estate on Friday, January 8th, 2010 at 9:28am.

In what was an uncertain economic year, Breckenridge and Summit County real estate faired well according to local MLS data obtained at the end of 2009. In an annual comparison to 2008, real estate sales dollar volume and overall number of transactions were down between 12% and 13% in Breckenridge, and in Summit and Park County areas the same numbers dropped between 13% and 15%. However, summer and fall months gained momentum with approximately 72% of Summit and Park County transactions taking place the second half of the year.

With average sales prices realizing 2005 numbers, buyers sought and found better local deals in 2009 than in the last 10 years. First-time homebuyers took advantage of the government tax credit and were able to enter into the market. This year also marked a record sale in the Breckenridge luxury market at nearly $8.3 million, beating the previous record holding transaction by more than $2.7 million. This record-setting property was a Breckenridge Associates Real Estate listing.

A successful local economy where developers and ski resorts continue to invest in capital improvements and new development coupled with limited supply of real estate inventory have helped to somewhat shelter our towns from the turbulent year many U.S. real estate markets have experienced. We're looking forward to 2010 as well as a whole new decade of exciting opportunities in Breckenridge, Summit and Park County real estate.

To view the full Breckenridge Associates Real Estate transaction reports, please view the full article at our website. Click here to view additional graphs.

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