Breckenridge Colorado Real Estate Blog

Summit County | June 2016 Market Analysis

  • Market Analysis by Area for June 2016- June real estate was a bit off from last June 2015. There were 220 transactions and a total of $113,032,009 in monetary volume. Average transaction price for all 18 reported areas: $557,775, Average residential price, $568,592 average residential and PPSF at $358.

  • Residential Market Sales by Price Point: Residential volume in June had 187 transactions with $106,326,664 gross volume. There were 17 properties that sold for $1M and above in June. The most active price points were between the $200K-$300K range this month. There were 62 Single Family, 125 Multi-Family and 14 Vacant Land transactions in June.

  • Comparative Historical Cost Analysis

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Want to live in an eco-friendly town? Well, Breckenridge has made great strides throughout the years to becoming that place.  Recently, Breckenridge was just ranked top 10 over for green transportation and top 5 in multiple categories in the USA.  Data was pulled from the US Census and has been compiled by SaveOnEnergy to find which communities have the most people participating in green commutes to work.  

The Town of Breckenridge has public transportation free to the public throughout Summit County.  Whether you are visiting or call Breckenridge home, there are several routes, all very simple to navigate.  In addition to the free transportation options, there is also great ski buses that allow easy access (drop off at the base of the ski area) in the

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As the marketplace continues to have it’s highs and lows, vacation homes and investment properties seem to be impacted. 

Prices continue to climb as inventory levels and mortgage rates stay at all time lows.  Those dreaming of owning a mountain cabin are continuing to flock to Breckenridge and Summit County in hopes of getting their piece of the mountain dream getaway. 

In Breckenridge and Summit County, the number of residential properties sold continues to rise.  The number of residential properties sold has increased and the available inventory dwindles.   

If you wish to receive additional information or learn more about the Breckenridge market, please contact me. 

 

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The month of March can have some amazing blue bird days- fresh snow, warm temps, and sunshine.  Last night, the Breckenridge Ski Resort reported 9 inches of fresh snow, proving that March can be one of the best times to ski.

Spring breakers have arrived to experience one of the finest spring break celebrations in the Colorado high country.  Breckenridge Spring Fever festivities officially begin this weekend with the GoPro Big Mountain Challenge, on Peak 6.   Some of the best free-skiers in the industry will be challenged with the steep pitches and narrow chutes.  To get the best views, take the Kenosha Chairlift to the Sixth Sense terrain.

If you are planning on being in Breckenridge Easter weekend, wake up early to experience the Easter Sunrise

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After a long day on the hill, relax and listen to some notable music- it will be a great time.  The Colorado Music Convergence will be hosting a weekend assembly for professionals, bands, and independent artists in the music industry this coming weekend, February 19th through the 21st.    More than 15 Colorado artists will be performing over the 3 day event.  Additional activities will be taking place as well, including an après-ski VIP party, presentation by Flobots' Brer Rabbit and Johnny 5 at a networking brunch, and continuing education panels that are pertinent to artists and the industry.  Attendance to the event is free if you register here.

Schedule of Events:
February 19th
Colorado Music Showcase at Riverwalk Center | 8 PM – midnight
Featuring:

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February 2016

Most of the recent new condominium and lodge developments in Breckenridge have been timeshare units. Grand Timber Lodge, Grand Lodge on Peak 7, and Grand Colorado on Peak 8 are the most recent developments all by Breckenridge Grand Vacations. Soon BGV will announce plans for another lodge encompassing the end terminal of the Gondola at the base of Peak 8.

The availability of large multifamily tracts of land in Breckenridge is extremely limited, most of which are owned by Vail Resorts. VR announced that it will not build any future residential projects itself. Instead, it will work with other development companies on these remaining parcels. VR has a seemingly close working relationship and success with BGV, so this partnership will

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The 26th annual Budweiser International Snow Sculpture has returned to Breckenridge!  Last week, the 12 foot by 12 foot, 20 ton blocks of snow were created in the Riverwalk center parking lot.  The snow has been settling all weekend and the sculptors will start their magic tomorrow.  Sixteen teams from around the world have arrived in Breckenridge for this week's competition.  The blocks of snow will be carved by hand into works of art.

January 26th- January 30th: The sculptors will begin transforming the blocks of snow into masterpieces that will make your imagination run wild.  You will be amazed at what they can create from the beautiful snow!  The competitors will be facing the harsh mountain environment, carving until 2 p.m. on Saturday, January

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This chart shows the real estate selling seasons in Breckenridge.  The summer months being overwhelmingly the primary selling season.  This is a significant factor for either buying or selling strategies to take into consideration when deciding to purchase or sell a property in Breckenridge or Summit County.

If you would like to learn more on this please contact me, Andrew Biggin, 970-547-7751 or andrew@BreckenridgeAssociates.com 

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This unique Kings Ridge condo for sale in Breckenridge just hit the market!  Affordable large one bedroom unit condo right next to the Beaver Run Chair Lift and walking distance  to the Town of Breckenridge. Deed restricted for rentals to individual/s who work in the Upper Blue River Valley.  New paint and new carpet. The HOA dues include heat. Parking either surface or underground. Quiet location on the top floor, corner unit, with elevator access.

1 Bedroom | 1 Bathroom | 655 Square Footage
$235,000

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The Breckenridge and Summit County statistics ended the year on a positive note.  The inventory levels continue to remain at an all time low and list prices continue to make their way higher.  Rounding out the year, there were 734 residential properties that sold in Breckenridge, which was an 11.72% increase compared to the end of 2014.  The Summit County residential market posted a 17% gain in the number of properties sold in 2015, with 2350 residential properties sold.   

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