Luxury Home Prices Stable in Breckenridge
August 28, 2010 05:44 PM -- Filed in: Market Statistics
Hello from Breckenridge!
Here’s more good news, this time from the Highlands At Breckenridge luxury home subdivision:
For homes in The Highlands At Breckenridge subdivision:
So, we’re having a sale! Luxury home prices have been rolled back 21% - but they are rising off of their lows.
What a great time to buy, in one of the most affordable ski resort towns in the U.S.!
Roger & Teresa Moen
Your Mountain Realtors
877.453.2266
Here’s more good news, this time from the Highlands At Breckenridge luxury home subdivision:
- We charted all 27 home sales in this subdivision since 1/1/2009, and the price-per-square-foot is stable! (See the magenta line). In fact, there’s a 4 percent per year uptrend (yellow line) in the price per square foot. The sold prices ranged from $850,000 to $2,199,000.
For homes in The Highlands At Breckenridge subdivision:
- The peak selling prices occurred roughly from July 1, 2007 to July 1, 2008, and averaged $392 per sq ft
- Selling prices from January 2009 through August 2010 averaged $310 per sq ft
- That’s a drop of around 21% from the peak
- Prices appear to have bottomed out, and since 1/1/2009 they are rising at a rate of 3.8% per year
So, we’re having a sale! Luxury home prices have been rolled back 21% - but they are rising off of their lows.
What a great time to buy, in one of the most affordable ski resort towns in the U.S.!
Roger & Teresa Moen
Your Mountain Realtors
877.453.2266
Kingdom Days in Breckenridge
June 17, 2010 02:54 PM -- Filed in: Videos
Get ready for Kingdom Days in Breckenridge, June 19-20, 2010!
A fun weekend in June, celebrating Breckenridge's past. There's gun fights, gold panning, outhouse races, and more. This video is from the 2008 event, but it's held every year, in mid-June. More info on www.gobreck.com.
Did you know: you can expand the video to full screen? Click the button, above right, with the 4 arrows.
Please check back from time to time, for more videos.
Roger and Teresa Moen
Your Mountain Realtors
877.453.2266
A fun weekend in June, celebrating Breckenridge's past. There's gun fights, gold panning, outhouse races, and more. This video is from the 2008 event, but it's held every year, in mid-June. More info on www.gobreck.com.
Did you know: you can expand the video to full screen? Click the button, above right, with the 4 arrows.
Please check back from time to time, for more videos.
Roger and Teresa Moen
Your Mountain Realtors
877.453.2266
Snow in June in Breckenridge, CO
June 13, 2010 03:12 PM -- Filed in: Videos
Snowfall in June! That is typical - we usually get a few inches of snow in early June, and that's usually the last snow until late September. We live just outside Breckenridge, Colorado. Our house is at an elevation of 10,700 feet above sea level. Fortunately, the snow melted within a day.
Did you know: you can expand the video to full screen? Click the button, above right, with the 4 arrows.
Please check back from time to time, for more videos.
Roger and Teresa Moen
Your Mountain Realtors
877.453.2266
Did you know: you can expand the video to full screen? Click the button, above right, with the 4 arrows.
Please check back from time to time, for more videos.
Roger and Teresa Moen
Your Mountain Realtors
877.453.2266
How's The Market?
June 12, 2010 04:32 PM -- Filed in: Teresa's Take On Things
Hi friends, clients and family,
People ask me what I think the market will do, or is this the bottom, or what about the lenders etc………………….
So is your crystal ball fuzzy? Mine is a little.
Here is what I think……….
The lending market is at the bottom I believe. When was the last time you saw interest rates at 4.25%? After the terrible time in 2008 and 2009, the lenders are starting to loosen up a little and feel more comfortable about lending money and wanting the business. Keep in mind the interest rates on a second home or investment property are about a quarter point higher.
I am also seeing more people pay cash for their vacation or rental properties. This is great for sellers as this is usually a quick closing and they feel more secure when there is not a loan involved or an appraisal. This is great for the buyers because “money still talks!”
There is a flood of inventory so sellers are having to lower their prices. Supply and demand!!!! This is a buyer’s market so if you don’t have to sell, my advice would be to sit on your property until the market is more in your favor. Timing is everything after all!
Overall, the market is improving thank goodness. The sales in Breckenridge alone are up 42% over last year at this time. Don’t just take my word for it! See for yourself.
So, bottom line is, we are not going anywhere, Americans are extremely resilient and I believe there is pent up demand and people want to be here in the mountains enjoying life again. I know I do.
See you next time and remember: if you know of anybody that is interested in real estate in Breckenridge, we are Your Mountain Realtors!
Oh by the way - we have a new video introducing ourselves - check it out!
Teresa
Roger & Teresa Moen
Your Mountain Realtors
877.453.2266
People ask me what I think the market will do, or is this the bottom, or what about the lenders etc………………….
So is your crystal ball fuzzy? Mine is a little.
Here is what I think……….
The lending market is at the bottom I believe. When was the last time you saw interest rates at 4.25%? After the terrible time in 2008 and 2009, the lenders are starting to loosen up a little and feel more comfortable about lending money and wanting the business. Keep in mind the interest rates on a second home or investment property are about a quarter point higher.
I am also seeing more people pay cash for their vacation or rental properties. This is great for sellers as this is usually a quick closing and they feel more secure when there is not a loan involved or an appraisal. This is great for the buyers because “money still talks!”
There is a flood of inventory so sellers are having to lower their prices. Supply and demand!!!! This is a buyer’s market so if you don’t have to sell, my advice would be to sit on your property until the market is more in your favor. Timing is everything after all!
Overall, the market is improving thank goodness. The sales in Breckenridge alone are up 42% over last year at this time. Don’t just take my word for it! See for yourself.
So, bottom line is, we are not going anywhere, Americans are extremely resilient and I believe there is pent up demand and people want to be here in the mountains enjoying life again. I know I do.
See you next time and remember: if you know of anybody that is interested in real estate in Breckenridge, we are Your Mountain Realtors!
Oh by the way - we have a new video introducing ourselves - check it out!
Teresa
Roger & Teresa Moen
Your Mountain Realtors
877.453.2266
Breckenridge Market Overview 6/11/10
June 11, 2010 04:15 PM -- Filed in: Market Statistics
Hello, there,
Wondering how the local real estate market is doing in Breckenridge, Colorado?
Here’s the answer: it’s a strong buyer’s market with unmistakeable signs of recovery: the number of sales is UP 41% over last year. Details below.
There’s plenty to choose from, prices are rolled back to 2006 levels, and sellers are motivated. If you’ve been wanting to invest in Summit County, CO, now is the time!
The chart above shows the number of residential sales (homes, condos, townhomes, duplexes, and vacant lots), from January 1st of a year, to June 11th of that year.
Interest rates are still super low, the stock market is up 56% from its low in March 2009, and we are expecting the recovery to continue, so contact us today!
Please check back from time to time, for more Breckenridge Colorado real estate market statistics and analysis.
Roger and Teresa Moen
Your Mountain Realtors
877.453.2266
Wondering how the local real estate market is doing in Breckenridge, Colorado?
Here’s the answer: it’s a strong buyer’s market with unmistakeable signs of recovery: the number of sales is UP 41% over last year. Details below.
There’s plenty to choose from, prices are rolled back to 2006 levels, and sellers are motivated. If you’ve been wanting to invest in Summit County, CO, now is the time!
The chart above shows the number of residential sales (homes, condos, townhomes, duplexes, and vacant lots), from January 1st of a year, to June 11th of that year.
- 2006 was the peak year for number of transactions
- 2009 is the lowest year for number of transactions
- The number of properties sold to date in 2010 is up 41% vs 2009 (but is down 48% from the average number of properties sold from 2002 to 2009)
- The total sales volume (the sum of all selling prices) is up 42% vs 2009! A good portion of that is because of expensive recent closed transactions in the very luxurious One Ski Hill Place at the base of Peak 8.
- The prices of properties peaked around 1/1/2008. Prices are currently 15%-25% below that peak.
Interest rates are still super low, the stock market is up 56% from its low in March 2009, and we are expecting the recovery to continue, so contact us today!
Please check back from time to time, for more Breckenridge Colorado real estate market statistics and analysis.
Roger and Teresa Moen
Your Mountain Realtors
877.453.2266
Introduction To The Moens
May 19, 2010 04:45 PM -- Filed in: Videos
Here’s a video introduction to us - Roger and Teresa Moen! Realtors with RE/MAX Properties of the Summit, in Breckenridge, Colorado.
Did you know: you can expand the video to full screen? Click the button, above right, with the 4 arrows.
Please check back from time to time, for more videos.
Roger and Teresa Moen
Your Mountain Realtors
877.453.2266
Did you know: you can expand the video to full screen? Click the button, above right, with the 4 arrows.
Please check back from time to time, for more videos.
Roger and Teresa Moen
Your Mountain Realtors
877.453.2266
Snowy Sunrise in May
May 14, 2010 01:00 PM -- Filed in: Videos
May 14, and we're still getting snow! This is what springtime in the Rockies looks like! Video taken with my iPhone 3GS, and uploaded directly from the phone, to YouTube!
Did you know: you can expand the video to full screen? Click the button, above right, with the 4 arrows.
Please check back from time to time, for more videos.
Roger and Teresa Moen
Your Mountain Realtors
877.453.2266
Did you know: you can expand the video to full screen? Click the button, above right, with the 4 arrows.
Please check back from time to time, for more videos.
Roger and Teresa Moen
Your Mountain Realtors
877.453.2266
Breckenridge Snow Banks
March 30, 2010 01:39 PM -- Filed in: Videos
My house still has tons of snow, in late March 2010! Video was taken 3/28/2010, and uploaded directly to YouTube, with my new iPhone 3GS! Love that thing.
We live just outside Breckenridge, Colorado. Our house is at an elevation of 10,700 feet above sea level. This is probably about the maximum height of snow for the season -- going forward, it will start melting faster than new snowfall accumulates. Spring, here we come!
Did you know: you can expand the video to full screen? Click the button, above right, with the 4 arrows.
Please check back from time to time, for more videos.
Roger and Teresa Moen
Your Mountain Realtors
877.453.2266
We live just outside Breckenridge, Colorado. Our house is at an elevation of 10,700 feet above sea level. This is probably about the maximum height of snow for the season -- going forward, it will start melting faster than new snowfall accumulates. Spring, here we come!
Did you know: you can expand the video to full screen? Click the button, above right, with the 4 arrows.
Please check back from time to time, for more videos.
Roger and Teresa Moen
Your Mountain Realtors
877.453.2266
Snowy Driveway
March 12, 2010 10:32 AM -- Filed in: Photos
March is the snowiest month in Breckenridge, Colorado!
Here’s Roger and Boomer, next to the snow-covered camper in our driveway! Roger is 6 feet tall, so that snow is getting pretty deep. But, all the snow we’ve been getting this month makes for some fantastic skiing!
Haven’t you always dreamed of owning a cabin in the mountains, or maybe a nice piece of vacant land? Life is short, but you’re in luck - it’s a great time to buy! You deserve it, so contact us today.
Roger & Teresa Moen
Your Mountain Realtors
877.453.2266
Here’s Roger and Boomer, next to the snow-covered camper in our driveway! Roger is 6 feet tall, so that snow is getting pretty deep. But, all the snow we’ve been getting this month makes for some fantastic skiing!
Haven’t you always dreamed of owning a cabin in the mountains, or maybe a nice piece of vacant land? Life is short, but you’re in luck - it’s a great time to buy! You deserve it, so contact us today.
Roger & Teresa Moen
Your Mountain Realtors
877.453.2266
Breckenridge Market Overview 3/7/10
March 07, 2010 06:05 PM -- Filed in: Market Statistics
Hi, everybody!
Wondering how the local real estate market is doing in Breckenridge, Colorado?
Here’s the answer: it’s a strong buyer’s market with unmistakeable signs of recovery: the number of sales is UP 47% over last year. Details below.
There’s plenty to choose from, prices are rolled back to 2006 or 2007 levels, and sellers are motivated. If you’ve been wanting to invest in Summit County, CO, now is the time!
The chart above shows the number of residential sales (homes, condos, townhomes, duplexes, and vacant lots), from January 1st of a year, to March 7th of that year.
Interest rates are still super low, the stock market is up 63% from its low in March 2009, and we are expecting the recovery to continue, so contact us today!
Please check back from time to time, for more Breckenridge Colorado real estate market statistics and analysis.
Roger and Teresa Moen
Your Mountain Realtors
877.453.2266
Wondering how the local real estate market is doing in Breckenridge, Colorado?
Here’s the answer: it’s a strong buyer’s market with unmistakeable signs of recovery: the number of sales is UP 47% over last year. Details below.
There’s plenty to choose from, prices are rolled back to 2006 or 2007 levels, and sellers are motivated. If you’ve been wanting to invest in Summit County, CO, now is the time!
The chart above shows the number of residential sales (homes, condos, townhomes, duplexes, and vacant lots), from January 1st of a year, to March 7th of that year.
- 2006 was the peak year for number of transactions
- 2009 is the lowest year for number of transactions
- The number of properties sold to date in 2010 is up 47% vs 2009 (but is down 55% from the six-year-average of the number of properties sold from 2004 to 2009)
- The prices of properties peaked around 1/1/2008. Prices are 15%-25% below that peak.
Interest rates are still super low, the stock market is up 63% from its low in March 2009, and we are expecting the recovery to continue, so contact us today!
Please check back from time to time, for more Breckenridge Colorado real estate market statistics and analysis.
Roger and Teresa Moen
Your Mountain Realtors
877.453.2266
How's The Market?
March 04, 2010 12:35 PM -- Filed in: Teresa's Take On Things
Hey everybody,
Teresa here!
So I guess you are wondering what is going on these days in Breckenridge? Or maybe you have speculations about the market? Well, here is the scoop. The number of residential sales are up 47% this year so far. Yahooo! Sounds good doesn’t it? You betcha! Bearing in mind that it was sooooooo dead last year, 47% on nothing is well……………….we are very excited.
It feels like there is pent-up demand. People want to get in on the best deals they can because they are figuring the market is repairing itself and they don’t want to miss out. This does seem to be the case. What you have to know is that the sales that are happening are after our poor sellers have reduced their prices many times to accommodate a lower market. There is also quite a bit of inventory out there to choose from and the buyers know this.
Contrary to popular belief, we are not having a lot of foreclosures but we do have our share. Remember, this is a resort market so many of our owners own multiple properties and often have the luxury of not needing to sell until the market goes up.
We are seeing some small real estate companies closing down and only the big dogs are able to hang in there with deep pockets. RE/MAX luckily is one of them and we are doing well. If not I would be waiting tables right now!
I think since Roger and I have been here for so many years (13 in May) we have a good client base that is coming back to us to buy right now. To all of you we are grateful.
So that is the quick update, just to let you know we are still here, life is good in the mountains, fresh powder, lots of tourists and friendly people. As you know, Roger will be giving you the charts and statistics about the market. In fact, I married an engineer and that has come in so handy for our real estate business. Ha!
See you next time and remember: if you know of anybody that is interested in real estate in Breckenridge, we are Your Mountain Realtors!
Teresa
Roger & Teresa Moen
Your Mountain Realtors
877.453.2266
Teresa here!
So I guess you are wondering what is going on these days in Breckenridge? Or maybe you have speculations about the market? Well, here is the scoop. The number of residential sales are up 47% this year so far. Yahooo! Sounds good doesn’t it? You betcha! Bearing in mind that it was sooooooo dead last year, 47% on nothing is well……………….we are very excited.
It feels like there is pent-up demand. People want to get in on the best deals they can because they are figuring the market is repairing itself and they don’t want to miss out. This does seem to be the case. What you have to know is that the sales that are happening are after our poor sellers have reduced their prices many times to accommodate a lower market. There is also quite a bit of inventory out there to choose from and the buyers know this.
Contrary to popular belief, we are not having a lot of foreclosures but we do have our share. Remember, this is a resort market so many of our owners own multiple properties and often have the luxury of not needing to sell until the market goes up.
We are seeing some small real estate companies closing down and only the big dogs are able to hang in there with deep pockets. RE/MAX luckily is one of them and we are doing well. If not I would be waiting tables right now!
I think since Roger and I have been here for so many years (13 in May) we have a good client base that is coming back to us to buy right now. To all of you we are grateful.So that is the quick update, just to let you know we are still here, life is good in the mountains, fresh powder, lots of tourists and friendly people. As you know, Roger will be giving you the charts and statistics about the market. In fact, I married an engineer and that has come in so handy for our real estate business. Ha!
See you next time and remember: if you know of anybody that is interested in real estate in Breckenridge, we are Your Mountain Realtors!
Teresa
Roger & Teresa Moen
Your Mountain Realtors
877.453.2266
Snow Sculptures
January 30, 2010 06:40 PM -- Filed in: Photos
Hello from beautiful Breckenridge!
Have you seen the photos of the Breckenridge Snow Sculpture Competition?
Many more in our snow sculpture gallery.
So, when are you coming to beautiful Breckenridge Colorado?
Roger & Teresa Moen
Your Mountain Realtors
877.453.2266
Have you seen the photos of the Breckenridge Snow Sculpture Competition?
Many more in our snow sculpture gallery.
So, when are you coming to beautiful Breckenridge Colorado?
Roger & Teresa Moen
Your Mountain Realtors
877.453.2266