FOR IMMEDIATE RELEASE
Breckenridge, CO – January 5, 2010 – This record-setting sale is a ski-in, ski-out premier estate property located in the prestigious Timber Trail Subdivision on Peak 8 of the Breckenridge Ski Resort, and is one of only three lots directly on Trygve’s Ski Run. The selling price for the 6,565-square-foot home was $8,285,000, or $1,262 per square foot. Listing broker for the property was Broker/Partner, Andy Clapp, of our Breckenridge Associates Real Estate office.
The previous record sale in Breckenridge was a $5,550,000 home, also listed by Breckenridge Associates Real Estate. It sold in July 2008. This new sale breaks the previous record by $2,735,000. In addition to the current record sale and the 2008 record sale, the Breckenridge Associates Real Estate Office was also responsible for two prior record sales in the area.
The luxury category in Breckenridge and its greater surrounding area of Summit County, Colorado has paced quite well in the $2 million and above range for 2009. Year-over-year transactions in this segment grew from 21 in 2008 to 23 at the close of 2009. The local real estate market has also shown signs of steady growth in month-to-month transactions from June – October 2009 and a November 2009 indicating improved numbers over 2008, according to a Land Title Guarantee Company Year-to-Date through November Market Analysis released last week (see graph).
Additional property details on the recent $8,285,000 transaction include: seven bedrooms, nine bathrooms, four fireplaces, three-car garage, three laundry rooms, top-of-line finishes and detail such as custom iron work fixtures, beautiful stained glass, wide plank Norwegian Elm flooring, Smart Home features and a 2,000-square-foot heated patio with awe-inspiring views of the ski resort’s Horseshoe Bowl. This extraordinary mountain estate is Breckenridge luxury at its best.
The lot listed beside the newly sold property and adjacent to Trygve’s Ski Run is also for sale through Breckenridge Associates Real Estate for $3,500,000.
About Breckenridge Associates Real Estate
Breckenridge Associates Real Estate is a top-performing Summit County real estate brokerage with more than $111 million in sales volume transactions in 2009, focusing on the luxury real estate market. Breckenridge Associates Real Estate is a locally owned and operated real estate company comprised of 15 Broker/Partners, located on historic Main Street, Breckenridge, CO. www.breckenridgeassociates.com.
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