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Breckenridge Real Estate Update: August 2010

Posted by Breckenridge Associates Real Estate on Monday, September 6th, 2010 at 9:51am.

Sales of residential properties in August show a steady rate of sales is continuing in Summit County. The number of transactions of residential properties sold in Breckenridge, and in Summit County in general, was basically equal with the number sold in 2009. This may allude to a shift in the trend, as the first half of 2010 out paced 2009 significantly.

Sales of note include a home in the Lakeshore Subdivision that was on the market for about a year and sold for $143 per square foot, a 4,300 square-foot-log home on 4 acres on the Swan River sold after just 23 days on the market for $2,100,000 (95 percent of the asking price) and 2 townhomes with ski in, ski out locations that sold for upwards of $650 per square foot.

A preponderance of the sales in August were seen to have occurred on very high quality properties underscoring today’s buyers’ keen sense for value.

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