Dec 2011
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