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Your Monthly Breckenridge Real Estate News Update

Posted by Breckenridge Associates Real Estate on Wednesday, December 15th, 2010 at 9:48am.

Month-end statistics indicate a striking increase in the number of condos sold for the month of November. This is great news!  And it could be an indication of "the bottom".

Notable sales closing last week include:

1.) Five lots in Quandry Village Subdivision, ranging in price from $25,000 - $75,000.

2.) Longbranch Condo, 1 bedroom, 1 bath. Listed for $299,000, sold for $300,000. (REO/Bank seller)

3.) Cucumber Patch Townhome, 1 bedroom, deed restricted. Listed and sold for $319,000. (REO/ Bank seller)

4.) Main Street Station Condo, 1 bedroom. Listed for $439,000 and sold for $389,000. (296 Days on Market)

5.) Highland Greens Townhome, 3 bedroom, 2.5 bath. Listed for $569,000 and sold for $525,000. (125 Days on Market)

6.) One Breckernidge Place Townhome, 3 bedroom, 2.5 bath. Listed for $875,000 and sold for $830,000. (139 Days on Market)

7.) One Ski Hill Place, 1 bedroom, 2 bath. Listed for $1,045,000 and sold for $1,045,000.

Each one of these sales indicates the tremendous opportunities that exist in the Breckenridge real estate 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 positive. 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 mountain real estate to your portfolio, now is the time. In our years of experience in Breckenridge, we’ve seen these cycles in the past. Every market cycles, this one included. Right now is the time to take advantage of this cycle for yourself and your family. 

Please contact us to learn more about these and other real estate deals in Summit County. 800.774.7970 or 970.453.2200. Click here for the latest news about Breckenridge real estate.

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