2023 2nd Quarter Statistics

Posted by Breckenridge Associates Real Estate on July 18th, 2023

2023 2nd Quarter Real Estate Market Statistics

The Breckenridge condominium market continues to show signs of strength with the Average Sold Price up 7.64% YTD versus 2022. Conversely, the Breckenridge single family home market continues to soften with Average Sold Prices down 6.84% YTD versus 2022.

Market Conditions Show Impact of Short-Term Rental Regulations in Breckenridge

With a higher number of condominiums located in the Resort Zone and Zone 1, these properties continue to benefit from a larger buyer pool that wants rental income to help offset ownership costs. There are only a select few neighborhoods left where buyers can still obtain a Short-Term Rental License for single family homes, causing that market segment to moderate.

This…

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2023 1st Quarter Market Statistics

Posted by Breckenridge Associates Real Estate on April 12th, 2023

2023 Quarter 1: A Recalibrating Market

So far, 2023 has seen a record low number of sales across Summit County with 229 sales in Q1. 2009 was the last time when the number of sales county-wide for the year was below 1,000. However, average sold prices for all property types are approximately double those of 2009. Once again affirming that the Summit County market remains a haven for investable assets while most markets around the country experience turbulence.

Low Inventory, High Demand

While the number of sales across the county has decreased, the average sold price for all property types in Breckenridge has continued to appreciate throughout Q1 at 6.72%. The average sold price for Breckenridge condos is up 13.94% versus 2022, while the…

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2022 Year End Market Stats | Breckenridge Associates Real Estate

Posted by Breckenridge Associates Real Estate on January 17th, 2023

Summit County End of Year Market Stats for 2022

2021 will go down as one of the strongest real estate years ever recorded, with average sold prices county wide appreciating 25.15%. 2022 will go down as the year that the Summit County real estate market began to normalize back towards more balanced, pre-Covid conditions.

2022 recorded a 13.63% appreciation in average sold prices for all of Summit County compared to 2021. The bulk of that appreciation occurred within the first two quarters of 2022. Average single family sold prices set all-time records at $2,829,617 in Q1 of 2022 for Breckenridge. The average single family sold prices peaked at $2,994,000 in Q2 for Keystone.

Since Q2 of 2022, average sold prices have been under pressure in most…

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