Connect

Become Associated:

New Search X

Did You Know? Buy That Vacation Home Now

Posted by Breckenridge Associates Real Estate on Wednesday, August 10th, 2011 at 1:31pm.

We’ve all experienced uncertainty in the stock market the past several years. While we’ve seen some good times in the marketplace, we’ve again been reminded this week of how volatile the stock market is with a gut wrenching 635-point fall on the Dow Jones on Monday, a 429-point rally on Tuesday and another 519-point tumble Wednesday.

The roller coaster of the current Stock Market continues and might make you consider investing your money elsewhere to further diversify your portfolio. Returns on the stock market perform best as long term investments, but when you compare 1990-2010, a 20-year time frame, you see an average annual growth of 5.4% depending on exactly when you invested, according an article on www.investmentpropertycentral.com. High Federal debt, a rocky European market and high unemployment statistics are of concern and while we know America will recover, adjusting your portfolio by purchasing real estate in strong tourism markets such as Breckenridge may prove to be great option.

We have some amazing deals out there as you’ll see a sampling of in this month's “Top 5 Breckenridge Real Estate Deals” article. As a recent Wall Street Journal article reports, “…prime locations – on the water or near a ski slope – are selling well…”

Economic indicators are continuing to show positive signs of a healthy resort market in Breckenridge. Last winter was one of our best seasons in terms of snowfall and town visits. Momentum has continued into the summer with town bustling and no shortage of events and activities throughout the season. And, when looking at real estate numbers, sales for the first two quarters of 2011 indicate an increase of more than 20% over the same time period in 2010. In addition our showings, which indicate future transactions, have nearly doubled in June 2011 when compared to June 2010.

If you’re thinking about purchasing a home, but wondering if now is the right time, make and appointment to sit down with one of the members of our “Home Town Team.” We can assist you to explore investment opportunities and determine whether now is the right time for you to consider a mountain property in Breckenridge.

Source:
www.investmentpropertycentral.com article, “Stock Market vs. Real Estate”

The Wall Street Journal article, “Vacation Homes: Why It Might Be Time To Buy”

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.

Leave a Comment