How's The Market 1/6/12
January 06, 2012 06:08 PM -- Filed in: Market Statistics | Videos
Happy New Year! It's time for our year-end review!
How’s the Breckenridge, Colorado real estate market? It's a buyer's market, but recovering nicely - and Breckenridge is leading the charge for Summit County’s real estate recovery. Want more info? Get the one-minute update in our video, below - filmed at the Gold Runner Coaster at the base of the Peak 8 ski area. For even more details, see our 2011 year-end review.
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
970.376.2039
How’s the Breckenridge, Colorado real estate market? It's a buyer's market, but recovering nicely - and Breckenridge is leading the charge for Summit County’s real estate recovery. Want more info? Get the one-minute update in our video, below - filmed at the Gold Runner Coaster at the base of the Peak 8 ski area. For even more details, see our 2011 year-end review.
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
970.376.2039
Breckenridge Year-End Review 2011
January 06, 2012 05:09 PM -- Filed in: Market Statistics
Happy New Year!
Here’s the year-end review for the real estate market in Breckenridge, Colorado.
Get the quick answer from our 1-minute video, or see the details below.
We have a buyer’s market that is recovering and slowly moving towards a more balanced market, especially for entry level (affordable) homes and condos. Prices per square foot are roughly flat since January 2009, and the number of sales is clearly moving up.
There’s plenty to choose from, prices are rolled back to 2005-2006 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) for each of the years 2003 through 2011.
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
Here’s the year-end review for the real estate market in Breckenridge, Colorado.
Get the quick answer from our 1-minute video, or see the details below.
We have a buyer’s market that is recovering and slowly moving towards a more balanced market, especially for entry level (affordable) homes and condos. Prices per square foot are roughly flat since January 2009, and the number of sales is clearly moving up.
There’s plenty to choose from, prices are rolled back to 2005-2006 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) for each of the years 2003 through 2011.
- 2005 was the peak year for number of transactions
- 2009 was the lowest year for number of transactions
- The number of properties sold rose 15% in 2010, and rose another 17% in 2011!
- The total sales volume (the sum of all selling prices) is up 1% vs 2010. However, 2010 was stiff competition because that’s the year that dozens of very high end condos sold (over $1M), in the brand new One Ski Hill Place complex at the base of Peak 8.
- The prices of properties peaked in late 2007 / early 2008. Prices are currently around 30% below that peak.
- Prices have stabilized. Several condo complexes and subdivisions are showing that sold prices per square foot are roughly flat since 1/1/2009. There is no strong downtrend in selling price-per-square-foot for all of 2009 - 2011.
- For overall Summit County, the chart looks quite similar to the one above, but the numbers are all roughly double. (Breckenridge accounts for around 40-45% of the sales in Summit County). County-wide, the number of sales was lowest in 2009; rose 11% in 2010 and rose another 9% on top of that in 2011. So, Breckenridge is leading the pace as we move towards a more balanced market.
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 12/14/11
December 14, 2011 12:04 PM -- Filed in: Market Statistics | Videos
How’s the real estate market in Breckenridge, Colorado? It’s still a buyer’s market, but recovering nicely with the number of residential transactions up 16% (and the total $ sales volume unchanged) over last year at this time.
We learned last time that affordable condos are selling faster than high end condos, but which home price range is selling the best? Glad you asked! Get the one-minute update in our video, below. And for more details, view our charts of the monthly supply of 5 different home price ranges.
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
970.376.2039
We learned last time that affordable condos are selling faster than high end condos, but which home price range is selling the best? Glad you asked! Get the one-minute update in our video, below. And for more details, view our charts of the monthly supply of 5 different home price ranges.
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
970.376.2039
Which Homes Are Selling Best?
December 13, 2011 12:25 PM -- Filed in: Market Statistics
Hello from Breckenridge, Colorado!
We know it’s a buyer’s market, and that homes and condos are selling well, but which home price range is selling the best? The high end? Mid-range? Affordable homes?
Get the quick answer from our 1-minute video, or see the details below.
The short answer is: the lower-priced homes are selling best; the mid-range is a little slower; and the high end has a huge oversupply of 7-10 years. So, if you’ve been waiting to buy a high-end luxury home, those sellers are highly motivated!
The charts below show the number of month’s supply of homes in the Breckenridge area since July 1, 2011.
If we change the scale, to eliminate the very high end (over $2.5M), we get a clearer idea of what’s happening to the lower and mid price ranges.
So, now you know which home sellers are the most motivated! Believe it or not, we have even more data, so if you like market statistics, you know who to call!
Roger & Teresa Moen
Your Mountain Realtors
970.376.2039
We know it’s a buyer’s market, and that homes and condos are selling well, but which home price range is selling the best? The high end? Mid-range? Affordable homes?
Get the quick answer from our 1-minute video, or see the details below.
The short answer is: the lower-priced homes are selling best; the mid-range is a little slower; and the high end has a huge oversupply of 7-10 years. So, if you’ve been waiting to buy a high-end luxury home, those sellers are highly motivated!
The charts below show the number of month’s supply of homes in the Breckenridge area since July 1, 2011.
- We track five different price ranges; under $500K; three middle ranges; and over $2.5 million
- There are two charts below - one with all five price ranges, and one with the bottom four ranges (under $1M)
- For each price range, we calculate the monthly supply by dividing the number of active home listings by the number that sold in the preceding 12 months
- The most striking thing is the huge supply of homes in the highest price range, over $2.5 million (the top line in the first chart below). That’s a 7 to 10 year supply!
- The darker blue line at the bottom of the chart shows the monthly supply of homes under $500K.
- This shows more clearly in the second chart, where the top line is removed and we zoom in on the mid and lower price ranges.Currently, there is an 8-10 month supply of homes under $500K.
- As the prices get higher than $500K, the number of month’s supply grows, but the three mid-price-ranges have quite a bit of overlap, and there’s no clear trend other than that the supply is dropping.
- Two things are clear: 1. There is a huge supply of homes over $2.5M, and 2. Homes under $500K are selling the best.
If we change the scale, to eliminate the very high end (over $2.5M), we get a clearer idea of what’s happening to the lower and mid price ranges.
So, now you know which home sellers are the most motivated! Believe it or not, we have even more data, so if you like market statistics, you know who to call!
Roger & Teresa Moen
Your Mountain Realtors
970.376.2039
Racing Santas & Lighting of Breckenridge
The race of the Santas followed by the lighting of the town tree in Breckenridge, Colorado!
On December 3, 2011, over 100 Santas race up and down Main Street as a fund-raiser for Adopt an Angel, helping families in need. Followed by cocoa, cookies, and caroling at the Red, White & Blue Fire Station. Then, the processional to the Blue River Plaza, with Santa in his horse-drawn carriage, escorted by dozens of Bernese Mountain Dogs and hundreds of townsfolk. And finally, the lighting of the Town Tree!
Enjoy our video below, and then check out our video of Christmas In Breckenridge!
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
On December 3, 2011, over 100 Santas race up and down Main Street as a fund-raiser for Adopt an Angel, helping families in need. Followed by cocoa, cookies, and caroling at the Red, White & Blue Fire Station. Then, the processional to the Blue River Plaza, with Santa in his horse-drawn carriage, escorted by dozens of Bernese Mountain Dogs and hundreds of townsfolk. And finally, the lighting of the Town Tree!
Enjoy our video below, and then check out our video of Christmas In Breckenridge!
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
Christmas In Breckenridge
Find out why everyone has their best Christmas and Holiday season in Breckenridge!
December events include The Lighting of Breckenridge and the town tree; Santa's processional down Main Street; Santa's appearance at RE/MAX; and the snow, shops, scenery and skiing! Not to mention the New Year's Eve Torchlight Parade down Peak 9 and fireworks on the ski hill.
Enjoy our video below, and then check out The Race Of The Santas!
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
December events include The Lighting of Breckenridge and the town tree; Santa's processional down Main Street; Santa's appearance at RE/MAX; and the snow, shops, scenery and skiing! Not to mention the New Year's Eve Torchlight Parade down Peak 9 and fireworks on the ski hill.
Enjoy our video below, and then check out The Race Of The Santas!
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 11/29/11
November 29, 2011 05:19 PM -- Filed in: Market Statistics | Videos
How’s the real estate market in Breckenridge, Colorado? It’s still a buyer’s market, but recovering nicely with the number of residential transactions up 18% (and the total $ sales volume up 1%) over last year at this time.
We learned last time that condos are selling faster than homes or land, but which condo price range is selling the best? Glad you asked! Get the one-minute update in our video, below. And for more details, view our chart of the monthly supply of 5 different condo price ranges.
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
970.376.2039
We learned last time that condos are selling faster than homes or land, but which condo price range is selling the best? Glad you asked! Get the one-minute update in our video, below. And for more details, view our chart of the monthly supply of 5 different condo price ranges.
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
970.376.2039
Which Condos Are Selling Best?
November 28, 2011 07:27 PM -- Filed in: Market Statistics
Hello from Breckenridge, Colorado!
We know it’s a buyer’s market, and that condos are selling the best, but which condo price range is selling the best? The high end? Mid-range? Affordable condos?
Get the quick answer from our 1-minute video, or see the details below.
The short answer is: the lower-priced condos are selling best; the mid-range is slower; and the high end is in a slump. So, if you’ve been waiting to buy a high-end luxury condo, those sellers are highly motivated!
The chart below shows the number of month’s supply of condos in the Breckenridge area since July 1, 2011.
So, that’s the scoop on condos! Believe it or not, we have even more data, so if you like market statistics, you know who to call!
Roger & Teresa Moen
Your Mountain Realtors
970.376.2039
We know it’s a buyer’s market, and that condos are selling the best, but which condo price range is selling the best? The high end? Mid-range? Affordable condos?
Get the quick answer from our 1-minute video, or see the details below.
The short answer is: the lower-priced condos are selling best; the mid-range is slower; and the high end is in a slump. So, if you’ve been waiting to buy a high-end luxury condo, those sellers are highly motivated!
The chart below shows the number of month’s supply of condos in the Breckenridge area since July 1, 2011.
- We track five different price ranges; under $300K; three middle ranges; and over $1 million
- For each price range, we calculate the monthly supply by dividing the number of active condo listings by the number that sold in the preceding 12 months
- The darker blue line at the bottom of the chart shows the monthly supply of condos under $300K. For most of this summer, there was a 15-18 month supply of condos in this price range; however, recently the supply has dropped to less than a 10-month supply as sales in this price range have picked up. In fact, for the 12 months ending 11/28/11, there were 93 condos that sold for under $300K - that’s the highest number in recent years.
- As the price range gets higher, the number of month’s supply grows, without exception. For condos $300K to $500K, the orange line shows a 16-19 month supply.
- For condos $500K to $700K, there’s an 18-22 month supply
- For condos $700K to $1M, it’s dropped from 38 months to 26 months to under 20 months
- For the highest price range, over $1M, up until recently there was a 45-50 month supply. Those sellers would love an offer!
So, that’s the scoop on condos! Believe it or not, we have even more data, so if you like market statistics, you know who to call!
Roger & Teresa Moen
Your Mountain Realtors
970.376.2039
Thanksgiving 2008 Huge Snowfall
November 23, 2011 11:10 AM -- Filed in: Videos | Alpine Breckenridge Sub
Guess what: three years ago for Thanksgiving, we had huge snowfall! The skiing was fantastic.
November 30th, 2008 we got over a foot of snow at our house! We live a few miles outside of downtown Breckenridge, Colorado, near the National Forest. Our elevation is 10,700.
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
970.376.2039
November 30th, 2008 we got over a foot of snow at our house! We live a few miles outside of downtown Breckenridge, Colorado, near the National Forest. Our elevation is 10,700.
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
970.376.2039
How's The Market 11/15/11
November 15, 2011 08:09 PM -- Filed in: Market Statistics | Videos
How’s the real estate market in Breckenridge, Colorado? What’s selling the best: homes, condos, or land? How much supply is there? And, what does a snow-making gun look like, in operation?
Glad you asked! Get the one-minute update in our video, below. And for more details, view our chart of the monthly supply of homes, condos, and land going back to 2003!
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
970.376.2039
Glad you asked! Get the one-minute update in our video, below. And for more details, view our chart of the monthly supply of homes, condos, and land going back to 2003!
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
970.376.2039