Month-end statistics indicate a striking increase in the number of CONDOS sold for the month of November. THAT is GREAT news! And it could be an indication of "the bottom", in my estimation.
Sales closed last week include:
FIVE LOTS in Quandry Village Subdivision, ranging in price from $25,000 - $75,000
Longbranch Condos, 1 bedroom, 1 bath. Listed for $299,000 SOLD for $300,000 (REO/Bank seller)
Cucumber Patch townhome, 1 BR, deed restricted, Listed and SOLD for $319,000 (REO/ Bank Seller)
Main St Station condo, 1 BR, Listed for $439,000 Sold for $389,000 296 Days on Market
Highland Greens Townhome, 3 BR, 2.5 Baths, Listed for $569,000 Sold for $525,000 125 Days on Market
One Breckernidge Place Townhome, 3 BR, 2.5BA, Listed for $875,000 Sold for $830,000 after 139 days on the market.
One Ski Hill Place, 1 BR, 2 BA, Listed for $1,045,000 and Sold for $1,045,000.
Each one of these indicates the tremendous opportunities that exist in this market today. It appears, based upon the number of transactions, that the Breckenridge market has "bottomed out". Of course, we won't know for sure for a couple years, but indications are postitive. Add that to the unbelievably low interest rates and you can see that right now, a window of opportunity exists, like never before. Don't let this opportunity pass you by. If you've been thinking about adding some mountain RE to your portfolio, NOW is the time. Believe me, I've seen these cycles before, having lived here and worked here as a full-time Realtor for over 30 years. Every market cycles, this one included. Right now is the time to take advantage of this cycle for yourself and your family. Call us for details or go to our website http://www.breckenridgeassociates.com/ for all the details on the market.
Here is a perfect example. A comfortable, well kept 2 bedroom, 2 bath condo with a pool, parking, elevators, hot tubs, one block from Main Street and the gondola base. $393,000. A tremendous value! Posted by Breckenridge Associates Real Estate on