2024 1st Quarter Market Statistics

Q1 Brings Positive Growth Across All Property Types

The first quarter of 2024 has seen an upward trend across all property types. The ongoing all-time high valuations in the equity markets, coupled with positive "soft landing" national news and historically low inventory levels have continued to drive growth in our resort market.

Impact by Property Type in Breckenridge:

Single Family Homes Up 15.83% YTD

The average sold price for Single-Family Homes has increased to $2,759,808, representing a 15.83% appreciation over 2023. This property type is selling on average at 95% of the list price, with an average price per square foot of $749, and an average days on market of 102.

Townhomes Up 14.08% YTD

Townhomes have seen a 14.08% increase…

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May 2024 Top 5 Real Estate Opportunities in Summit County

May Marks the Start of Listing Season

May is usually a quieter month in Summit County, as the resorts close for the season and families around the country are focused on the last month of the school year. While the town might slow down for the month, May marks the beginning of listing season here in the high country.

The first quarter of 2024 saw a strong increase in appreciation for all residential property types across the county, with the number of active listings trending towards more balanced 2017 – 2019 levels. With the number of days on market already starting to decrease as we move into listing season, it’s clear that the demand to own real estate in our resort market remains robust.

If you are considering listing your property this year,…

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April 2024 Top 5 Real Estate Opportunities in Summit County

April Brings Bright New Opportunities

As winter transitions to spring, Breckenridge offers a magical blend of snowy slopes and sunny skies, making it the perfect time for spring skiing enthusiasts to escape to the mountains for the last ski trip of the season. Whether you’re looking for the perfect property to share your love for the slopes and mountain lifestyle with your family or are considering listing your property in time for the summer selling season, the Brokers at Breckenridge Associates are your guides to successfully accomplishing your real estate goals.

Breckenridge Associates Real Estate’s Top 5 Real Estate Opportunities for April 2024:

119 Reiling Road

Charming log sided residence with sweeping ski area views, in town with a bus…

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March 2024 Top 5 Real Estate Opportunities in Summit County

Spring Brings Fresh Opportunities Your Way

As Summit County eagerly awaits the arrival of longer days, warmer temperatures, and the exhilaration of spring skiing, the real estate market in is showing promising signs of activity. Breckenridge, in particular, continues to be a destination for families seeking to create cherished memories amidst the breathtaking backdrop of the Rocky Mountains. Whether you're looking for a mountain retreat, an investment property, or a permanent residence, the Brokers at Breckenridge Associates Real Estate are the local experts on local living and are excited to help you discover the perfect property for your family.

Breckenridge Associates Real Estate’s Top 5 Real Estate Opportunities for March 2024:

TBD Middle…

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February 2024 Top 5 Real Estate Opportunities in Summit County

Fall in Love with Your Dream Mountain Home

Love is in the crisp mountain air this February, and with it comes with the excitement of upcoming interest rate cuts. As winter sports enthusiasts flock to our charming town for world-class skiing and snowboarding, investors and homebuyers alike are taking a break from the slopes to check out available real estate in Breckenridge and Summit County. Whether you're seeking a cozy mountain retreat for family vacations or a smart investment in one of Colorado's most desirable markets, the Breckenridge market has properties that suit every lifestyle and budget.

Breckenridge Associates Real Estate’s Top 5 Real Estate Opportunities for February 2024:

106 Broken Lance Drive Unit #9

Newly Updated, fully…

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2023 End of Year Real Estate Market Stats for Breckenridge

Breckenridge’s Market Remained Steady Throughout 2023

Breckenridge's residential market remained stable throughout 2023. Single Family Home Prices in Breckenridge ended the year up 1.15% versus a 7.72% increase in 2022. The relatively stable pricing levels are the result of continued low inventory levels. 2023 ended with Breckenridge’s inventory levels at 124 active listings, down from the 8-year average of 148 active listings. However, inventory is still up from Covid levels which were 85 active listings at the end of 2020 and 54 active listings at the end of 2021. As inventory continues to normalize back to pre-Covid levels, so does the average days on market; now trending back towards the more typical 75-90 days.

Vacant Land and Townhomes…

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Mortgage Interest Rates Begin to Decrease Heading Into 2024

Interest Rates Begin to Decrease Heading Into 2024

2023 Interest Rates Double Over Previous Years

Interest rates for 2023 were the highest the United States has seen since the 1990’s. We entered 2023 with interest rates above 6% only to see rates soar to above 7% in late October – more than double their historic lows seen in 2020 and 2021.

As mortgage interest rates climbed this past year, the Breckenridge home buying market adjusted to current market conditions with a historically low inventory. Demand to own in Breckenridge and the surrounding areas of Summit County, however, remained strong leading to an uptick in the number of cash deals.

Interest Rates Begin to Drop as 2023 Comes to an End

We’re finally seeing mortgage interest rates…

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2023 3rd Quarter Market Statistics

2023 3rd Quarter Real Estate Market Statistics

With the stunning fall weather continuing to bring in visitors into our quaint and lively town, it is our pleasure to report that the real estate market here in Breckenridge and across Summit County remains “balanced”.

Low Inventory Levels Impact Supply-Demand Dynamics

Inventory levels remain historically low at 548 county-wide year to date compared to the 10-year average of 746. Correspondingly, the number of Properties Sold county-wide also remains historically low at 1,177 year to date versus a 10-year average of 1,610. Current supply-demand dynamics have led to a slight decrease of 2.58% in the Average Sold Prices for All Property Types across all areas of the county. While Days on Market remains…

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Contesting New Assessed Property Tax Values

2023/2024 Property Valuations

2023 is a reappraisal year. Assessors statewide are required by law to revalue all real estate in their respective counties as of a specific appraisal date.

Your Right to Appeal

If you disagree with the value that your property was assessed at, you may appeal your property's valuation to the Assessor starting May 1st to June 8th. Your appeal must be postmarked, emailed, faxed, online filed, or delivered in person on or before June 8, 2023.

How to Appeal Your New Assessed Property Tax Value

You can go to https://summitcountyco.gov/118/Real-Property-Valuation where you can look at the characteristics under the Notices of Valuation link and Parcel Query link and also the comps they used to determine the current…

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