Market Statistics
Highlands Home Sales Are Strong
May 11, 2013 11:06 AM --
Hello from Breckenridge, Colorado!
Sales are strong in the Highlands At Breckenridge luxury home subdivision. As of today, 5/11/2013, there is a 10-month supply of homes in the Highlands (just the original Highlands subdivision - not the golf course filings nor Discovery Hill, etc).
Some details:
So, for the last 3 sales, the Breckenridge RE/MAX office had the buyer! Hmmm… I guess you know who to call! Roger & Teresa at (970) 376-2038!
It’s great to see continued strength in our local real estate market, isn’t it? With the stock market at an all time high, and interest rates at historic lows, it looks like 2013 is shaping up to be a fantastic year for Breckenridge.
Roger & Teresa Moen
Your Mountain Realtors
970.376.2038
Sales are strong in the Highlands At Breckenridge luxury home subdivision. As of today, 5/11/2013, there is a 10-month supply of homes in the Highlands (just the original Highlands subdivision - not the golf course filings nor Discovery Hill, etc).
Some details:
- We charted all 65 home sales in this subdivision since 1/1/2009, and the price-per-square-foot is stable and slightly rising! (See the red line). There’s a slight +2% percent per year uptrend (green line) in the price per square foot.
- The most recent sale (blue line) was for $3,400,000 on 4/24/13, which is the highest sales price in this subdivision, ever!
- The last three sales were:
- $359 / sq ft on 4/8/13 - We (Roger & Teresa) had the buyer!
- $389 / sq ft on 4/24/13 - An agent in our Breckenridge RE/MAX office had the buyer!
- $448 / sq ft on 4/24/13 - Once again, an agent in our Breckenridge RE/MAX office had the buyer!
So, for the last 3 sales, the Breckenridge RE/MAX office had the buyer! Hmmm… I guess you know who to call! Roger & Teresa at (970) 376-2038!
It’s great to see continued strength in our local real estate market, isn’t it? With the stock market at an all time high, and interest rates at historic lows, it looks like 2013 is shaping up to be a fantastic year for Breckenridge.
Roger & Teresa Moen
Your Mountain Realtors
970.376.2038
Breckenridge Market Update
May 06, 2013 01:34 PM --
Hello from Breckenridge, the best ski town in the Colorado Rockies!
Here’s the spring-time review for the real estate market in Breckenridge, Colorado.
We have a buyer’s market that is steadily moving towards a more balanced market. Portions of our market are actually starting to favor sellers; for example, there is only a 2-month supply of homes under $500,000 in Breckenridge! Overall, prices per square foot are roughly flat since 2009, and the number of sales is clearly moving up.
There’s plenty to choose from, prices are rolled back to 2005 levels, and interest rates are low. If you’ve been wanting to invest in Summit County, CO, now is the time!
The chart above shows the number of residential sales in Breckenridge (homes, condos, townhomes, duplexes, and vacant lots) for the period January 1 to May 5 for each of the years 2005 through 2013.
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 spring-time review for the real estate market in Breckenridge, Colorado.
We have a buyer’s market that is steadily moving towards a more balanced market. Portions of our market are actually starting to favor sellers; for example, there is only a 2-month supply of homes under $500,000 in Breckenridge! Overall, prices per square foot are roughly flat since 2009, and the number of sales is clearly moving up.
There’s plenty to choose from, prices are rolled back to 2005 levels, and interest rates are low. If you’ve been wanting to invest in Summit County, CO, now is the time!
The chart above shows the number of residential sales in Breckenridge (homes, condos, townhomes, duplexes, and vacant lots) for the period January 1 to May 5 for each of the years 2005 through 2013.
- 2006 was the peak year for number of transactions
- 2009 was the lowest year for number of transactions
- The number of sales year-to-date is up 32% over last year at this time, and is more than double what it was in 2009!
- On average, the number of residential sales in Breckenridge has increased 20% per year since 2009
- The total sales volume (the sum of all selling prices) year-to-date is up 32% vs 2012 on this date. (This is what one would expect, if prices are also flat: the increase in $ sales volume, matches the increase in the number of transactions).
- 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 trend, either up or down, in selling price-per-square-foot for all of 2009 - 2013.
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
Breckenridge Year-End Review 2012
January 30, 2013 01:36 PM --
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 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 in Breckenridge (homes, condos, townhomes, duplexes, and vacant lots) for each of the years 2004 through 2012.
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 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 in Breckenridge (homes, condos, townhomes, duplexes, and vacant lots) for each of the years 2004 through 2012.
- 2005 was the peak year for number of transactions
- 2009 was the lowest year for number of transactions
- The number of sales rose 15% in 2010 (over 2009); rose 18% in 2011 (over 2010); and rose another 12% in 2012 (over 2011)
- On average, the number of residential sales in Breckenridge has increased 15% per year, three years in a row, since 2009
- The total sales volume (the sum of all selling prices) is up nearly 16% vs 2011.
- 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 - 2012.
- 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; rose 10% in 2011; and rose a whopping 19% on top of that in 2012. On average, the number of residential sales in all of Summit County has increased 13% per year, three years in a row, since 2009.
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 1/28/13
January 29, 2013 12:15 PM --
Happy New Year! It's time for our year-end review!
How's the Breckenridge, Colorado real estate market? It's still a buyer's market, but recovering nicely. Which year had the highest number of residential sales? The least? Are the number of sales increasing? Watch and find out! Filmed at the International Snow Sculpture Championships in Breckenridge. For more details, see our 2012 year-end review.
Did you know: you can expand the video to full screen? While the video is playing, click the YouTube button, then click the Full Screen button.
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 still a buyer's market, but recovering nicely. Which year had the highest number of residential sales? The least? Are the number of sales increasing? Watch and find out! Filmed at the International Snow Sculpture Championships in Breckenridge. For more details, see our 2012 year-end review.
Did you know: you can expand the video to full screen? While the video is playing, click the YouTube button, then click the Full Screen button.
Please check back from time to time, for more videos.
Roger and Teresa Moen
Your Mountain Realtors
970.376.2039
How's The Market 11/26/12
November 26, 2012 10:07 AM --
How’s the real estate market in Summit County, Colorado?
The number of residential sold properties in Summit County is up 15% vs last year at this time!
Last week the number of residential (homes, condos, townhomes, and duplexes - no vacant land) sold properties in Summit County surpassed the 2011 year end total and this week the total number of sales in Summit County gained another 2%. In one week, the county went from a 13% gain in sold properties to today’s 15% gain!
Countywide the number of sold properties is up 15% and the North Side of the county (Frisco, Silverthorne, Dillon, Keystone, and Copper) is almost at a 20% gain while the South Side (Breckenridge) is at a 9% gain.
The average sold price for Summit County Residential sales is up 0.4%. The North Side of the county is now at a 3.5% increase and the South Side remains almost unchanged at minus 0.6%. It will be interesting to see what the next five weeks will bring as we wind the year down.
Active listings today are down -14.7% vs last year on this date, and the total residential properties in the county that are under contract are up 7.5%. The 7.5% is primarily due to two situations this past week: 1. The number of properties that went under contract surged by 33% and the number of properties that sold went down by 22%.
More details at http://WeeklyREActivity.com .
Happy Holidays!
Roger and Teresa Moen
Your Mountain Realtors
970.376.2039
The number of residential sold properties in Summit County is up 15% vs last year at this time!
Last week the number of residential (homes, condos, townhomes, and duplexes - no vacant land) sold properties in Summit County surpassed the 2011 year end total and this week the total number of sales in Summit County gained another 2%. In one week, the county went from a 13% gain in sold properties to today’s 15% gain!
Countywide the number of sold properties is up 15% and the North Side of the county (Frisco, Silverthorne, Dillon, Keystone, and Copper) is almost at a 20% gain while the South Side (Breckenridge) is at a 9% gain.
The average sold price for Summit County Residential sales is up 0.4%. The North Side of the county is now at a 3.5% increase and the South Side remains almost unchanged at minus 0.6%. It will be interesting to see what the next five weeks will bring as we wind the year down.
Active listings today are down -14.7% vs last year on this date, and the total residential properties in the county that are under contract are up 7.5%. The 7.5% is primarily due to two situations this past week: 1. The number of properties that went under contract surged by 33% and the number of properties that sold went down by 22%.
More details at http://WeeklyREActivity.com .
Happy Holidays!
Roger and Teresa Moen
Your Mountain Realtors
970.376.2039
How's The Market 10/17/12
October 18, 2012 01:07 PM --
How’s the real estate market in Breckenridge, Colorado?
The number of residential sales in Summit County is up 18% vs last year at this time! And the number of sales in Breckenridge is up 12%. Breckenridge prices are still flat, on average; however, homes under $500K are still our hottest segment - there is only a 6-month supply.
But, what’s the multi-year trend? Are there more sales every year, or fewer? Watch our one-minute video, below, to find out! For more details on the market, see our article, The Number Of Sales: Up or Down?
Did you know: you can expand the video to full screen? While the video is playing, click the YouTube button, then click the Full Screen button.
Please check back from time to time, for more videos.
Roger and Teresa Moen
Your Mountain Realtors
970.376.2039
The number of residential sales in Summit County is up 18% vs last year at this time! And the number of sales in Breckenridge is up 12%. Breckenridge prices are still flat, on average; however, homes under $500K are still our hottest segment - there is only a 6-month supply.
But, what’s the multi-year trend? Are there more sales every year, or fewer? Watch our one-minute video, below, to find out! For more details on the market, see our article, The Number Of Sales: Up or Down?
Did you know: you can expand the video to full screen? While the video is playing, click the YouTube button, then click the Full Screen button.
Please check back from time to time, for more videos.
Roger and Teresa Moen
Your Mountain Realtors
970.376.2039
The Number Of Sales: Up or Down?
October 18, 2012 01:01 PM --
Hello from Breckenridge, Colorado!
It’s still a buyer’s market in Breckenridge, and the number of sales is increasing, but what’s the multi-year trend?
Get the quick answer from our 1-minute video, or see the details below.
The short answer is: The number of sales in Breckenridge has been steadily increasing 14.7% (on average) every year since 2009.
The chart below shows the number of residential sales in Breckenridge:
So, now you know the story on sales in Breckenridge. 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
It’s still a buyer’s market in Breckenridge, and the number of sales is increasing, but what’s the multi-year trend?
Get the quick answer from our 1-minute video, or see the details below.
The short answer is: The number of sales in Breckenridge has been steadily increasing 14.7% (on average) every year since 2009.
The chart below shows the number of residential sales in Breckenridge:
- All residential property types: homes, condos, townhomes, duplexes, and vacant land
- Sales from 1/1 to 10/16 of each year, so each bar shows sales for the first 10 months of each year
- The highest number of transactions was in 2005, with 1017 sales
- The lowest number was in 2009, with just 291 sales
- The number of sales increased in 2010, 2011, and 2012, averaging an increase of 14.7% more sales, every year.
- However, the number of sales is still 30% below the 8-year average of the number of sales for the years 2004-2011, inclusive.
- The chart looks very similar for all of Summit County, with the exception that there has been an increase of 14.1% more sales every year since 2009 (vs 14.7% in Breckenridge).
- Despite this good news, prices are mostly flat in all categories, but we are beginning to see some evidence of prices starting to think about heading up just a tiny bit -- too soon to tell for sure, but we’ll keep you posted!
So, now you know the story on sales in Breckenridge. 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
How's The Market 6/14/12
June 14, 2012 10:43 PM --
How’s the real estate market in Breckenridge, Colorado?
The number of sales in Breckenridge is down 8% vs last year at this time. Prices are still flat, on average; however, homes under $500K are still our hottest segments - there is only a 7-month supply.
Countywide, the number of sales in overall Summit County is up 13% vs last year. But, how about foreclosures in Summit County - are there more than ever, or fewer than there were? Watch our one-minute video, below, to find out! For more details on the market, see our article, Foreclosures: Getting Better or Worse?
This video was filmed at the East Hoosier Diversion dam in the Alpine Breckenridge subdivision.
Did you know: you can expand the video to full screen? While the video is playing, click the YouTube button, then click the Full Screen button.
Please check back from time to time, for more videos.
Roger and Teresa Moen
Your Mountain Realtors
970.376.2039
The number of sales in Breckenridge is down 8% vs last year at this time. Prices are still flat, on average; however, homes under $500K are still our hottest segments - there is only a 7-month supply.
Countywide, the number of sales in overall Summit County is up 13% vs last year. But, how about foreclosures in Summit County - are there more than ever, or fewer than there were? Watch our one-minute video, below, to find out! For more details on the market, see our article, Foreclosures: Getting Better or Worse?
This video was filmed at the East Hoosier Diversion dam in the Alpine Breckenridge subdivision.
Did you know: you can expand the video to full screen? While the video is playing, click the YouTube button, then click the Full Screen button.
Please check back from time to time, for more videos.
Roger and Teresa Moen
Your Mountain Realtors
970.376.2039
Foreclosures: Getting Better or Worse?
June 13, 2012 01:49 PM --
Hello from Breckenridge, Colorado!
What’s going on with foreclosures in Summit County? Are there more than ever, or fewer than there were?
Get the quick answer from our 1-minute video, or see the details below.
The short answer is: It appears that wave has crested, and is on the decline. The number of foreclosures in Summit County is down 50% vs last year at this time.
The chart below shows the number of properties that went into foreclosure in Summit County:
The raw data for this chart was provided by Maggie Dew, the Business Development Officer for the Summit County branch of Stewart Title. You can reach her at (970) 393-2536. Thanks, Maggie!
So, now you know the story on foreclosures in Summit County. 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
What’s going on with foreclosures in Summit County? Are there more than ever, or fewer than there were?
Get the quick answer from our 1-minute video, or see the details below.
The short answer is: It appears that wave has crested, and is on the decline. The number of foreclosures in Summit County is down 50% vs last year at this time.
The chart below shows the number of properties that went into foreclosure in Summit County:
- All property types (homes, condos, land, commercial, etc) are included except timeshares
- In 2008, there were only 33 foreclosures, county-wide. In 2009: 47. Then a big jump to 104 in 2010, peaking at 145 foreclosures in 2011.
- So far, through the end of May 2012, we’ve had 37, vs 74 from 1/1/11 to 5/31/11. So, we are at exactly half the number of foreclosures compared to last year at this time. Good news!
- The number of REO (Real Estate Owned) bank sales is comparable - down about 50% vs last year
- A number of factors could change this picture, but this is the current snapshot. We’ll keep you posted!
The raw data for this chart was provided by Maggie Dew, the Business Development Officer for the Summit County branch of Stewart Title. You can reach her at (970) 393-2536. Thanks, Maggie!
So, now you know the story on foreclosures in Summit County. 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
How's The Market 5/1/12
May 02, 2012 10:50 AM --
How’s the real estate market in Breckenridge, Colorado?
The number of sales in Breckenridge is down 19% vs last year at this time, but countywide the number of sales in overall Summit County is up 1% vs last year. Interestingly, the average selling price in Summit County so far in 2012, is up 4% vs all of 2011 - but does that really mean that prices are rising? Watch our one-minute video, below, to find out! We filmed it from a gorgeous vacant lot for sale, with a river running through it! For more details on the market, see our article, Are Prices Going Up?
Did you know: you can expand the video to full screen? While the video is playing, click the YouTube button, then click the Full Screen button.
Please check back from time to time, for more videos.
Roger and Teresa Moen
Your Mountain Realtors
970.376.2039
The number of sales in Breckenridge is down 19% vs last year at this time, but countywide the number of sales in overall Summit County is up 1% vs last year. Interestingly, the average selling price in Summit County so far in 2012, is up 4% vs all of 2011 - but does that really mean that prices are rising? Watch our one-minute video, below, to find out! We filmed it from a gorgeous vacant lot for sale, with a river running through it! For more details on the market, see our article, Are Prices Going Up?
Did you know: you can expand the video to full screen? While the video is playing, click the YouTube button, then click the Full Screen button.
Please check back from time to time, for more videos.
Roger and Teresa Moen
Your Mountain Realtors
970.376.2039
Are Prices Going Up?
May 01, 2012 07:27 AM --
Hello from Breckenridge, Colorado!
Are prices going up yet?
Get the quick answer from our 1-minute video, or see the details below.
The short answer is: County-wide, overall average selling prices are starting to rise, but that is only because there have been a few more sales of luxury properties vs affordable properties. Prices in a given complex or subdivision are, for the most part, flat.
The chart below shows the average sold prices for residential properties in Summit County.
So, now you know the story on overall market averages vs prices in a specific complex or subdivision. 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
Are prices going up yet?
Get the quick answer from our 1-minute video, or see the details below.
The short answer is: County-wide, overall average selling prices are starting to rise, but that is only because there have been a few more sales of luxury properties vs affordable properties. Prices in a given complex or subdivision are, for the most part, flat.
The chart below shows the average sold prices for residential properties in Summit County.
- “Residential” means homes, condos, townhomes, duplexes, or vacant land
- The data for 2006-2011 is for the full year. The data for 2012 is from 1/1 to 4/30/12.
- County-wide, the average sold price in 2011 was $495,931. The average sold price so far in 2012 is $516,595. That’s an increase of 4.2%. So prices are going up, right? Not necessarily. See the bullets below the chart!
- Suppose there were just two choices: Cozy Condos or Fancy Homes. In 2011, there are 10 sales of Cozy Condos, each at $300,000. There are 2 sales of Fancy Homes, each at $1,000,000. The average selling price is [ (10 x $300K) + (2 x $1M) ] / 12 = $416,667.
- In 2012, the market improves and there are more sales of everything. We go from 10 to 12 sales of Cozy Condos, again at $300,000 apiece. And one more Fancy Home sale than last year for a total of 3 sales, again each at $1,000,000. The average selling price is [ (12 x $300K) + (3 x $1M) ] / 15 = $440,000.
- That’s an increase in the average selling price of $440K / $416.7K = 5.6%. Yet, Cozy Condos sold for $300K and did not go up in price. Fancy Homes sold for $1M and did not go up in price. Overall aggregate market statistics can be misleading.
- To really know what’s going on with prices, you have to look at selling prices per square foot in a specific complex or subdivision such as One Breckenridge Place. That’s the approach we take.
So, now you know the story on overall market averages vs prices in a specific complex or subdivision. 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
How's The Market 3/31/12
March 31, 2012 07:33 PM --
How’s the real estate market in Breckenridge, Colorado?
Overall it’s still a buyer’s market, but with one exception -- there’s one price range, and one type of property in Breckenridge, that is selling very well! Find out which one, in our one-minute video, below. We filmed it while riding the Breckenridge gondola! And for more details, see our article on Which Breckenridge Market Segment Is Hot.
Did you know: you can expand the video to full screen? While the video is playing, click the YouTube button, then click the Full Screen button.
Please check back from time to time, for more videos.
Roger and Teresa Moen
Your Mountain Realtors
970.376.2039
Overall it’s still a buyer’s market, but with one exception -- there’s one price range, and one type of property in Breckenridge, that is selling very well! Find out which one, in our one-minute video, below. We filmed it while riding the Breckenridge gondola! And for more details, see our article on Which Breckenridge Market Segment Is Hot.
Did you know: you can expand the video to full screen? While the video is playing, click the YouTube button, then click the Full Screen button.
Please check back from time to time, for more videos.
Roger and Teresa Moen
Your Mountain Realtors
970.376.2039
Which Breckenridge Market Segment is Hot?
March 30, 2012 04:42 PM --
Hello from Breckenridge, Colorado!
We know that overall it’s a buyer’s market, but now there’s one exception -- there’s one price range, and one type of property, that is selling very well! Which one is it?
Get the quick answer from our 1-minute video, or see the details below.
The short answer is: Breckenridge homes under $500,000 are selling like hotcakes and we have a balanced market in that segment!
The chart below shows the number of month’s supply of homes in the Breckenridge area since July 1, 2011.
So, now you know which market segment is leading the charge, from a buyer’s market, towards a balanced market, and ultimately to our usual situation, a seller’s market! 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 that overall it’s a buyer’s market, but now there’s one exception -- there’s one price range, and one type of property, that is selling very well! Which one is it?
Get the quick answer from our 1-minute video, or see the details below.
The short answer is: Breckenridge homes under $500,000 are selling like hotcakes and we have a balanced market in that segment!
The chart below shows the number of month’s supply of homes in the Breckenridge area since July 1, 2011.
- For more details on this chart, see our article on Which Homes Are Selling Best
- The blue line at the bottom of the chart shows the monthly supply of homes under $500K.
- Currently, there are 30 homes for sale, and 66 have sold in the past 12 months. 30 / 66 = 0.45 years = 5.5 months supply. In other words, at the current rate of sale, the current homes on the market “should” all be sold in 5.5 months. That’s a low supply, shifting the advantage from the buyer, towards a more balanced market!
- Additionally, there are 10 such homes in that price range that are under contract and should be closing within a month
- For the 12 months ending 3/29/12, 66 homes under $500K were sold -- that’s the largest number in several years, and is twice the number of sales during the corresponding period one year ago
- On a personal note, we know of two recent bank-owned homes under $500K, that had big price reductions and subsequently received 4 or 5 offers within 48 hours!
- Other encouraging news: countywide the number of foreclosures is down 62%. There were 45 foreclosures in the first quarter of 2011, but only 17 in the first quarter of 2012.
- More good news: in Summit County the number of building permits is up 35%. For Breckenridge the number of permits is up 25%. We are even seeing the return of the “spec home” -- a builder buys land and builds a home on the speculation that he will find a buyer and make a good profit.
- For all of Summit County, the number of residential sales is up 3%. For some reason, Breckenridge is off to a slow start -- sales in Q1 2012 are down 21% vs Q1 2011. But, prices are still roughly flat.
So, now you know which market segment is leading the charge, from a buyer’s market, towards a balanced market, and ultimately to our usual situation, a seller’s market! 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
How's The Market 2/26/12
February 27, 2012 12:39 PM --
How’s the real estate market in Breckenridge, Colorado? It’s still a buyer’s market, but slowly recovering. The number of residential sales is up 17% for 2011 vs 2010. So far in 2012, Summit County’s number of residential sales is up 3%, but Breckenridge is lagging behind a bit.
Did you know that the number of listings fluctuates with the seasons? Currently the number of properties for sale is on the rise, but which month has the fewest listings and which month has the most? Glad you asked! Get the one-minute update in our video, below. And for more details, view our chart showing the number of residential listings, over time.
Did you know: you can expand the video to full screen? While the video is playing, click the YouTube button, then click the Full Screen button.
Please check back from time to time, for more videos.
Roger and Teresa Moen
Your Mountain Realtors
970.376.2039
Did you know that the number of listings fluctuates with the seasons? Currently the number of properties for sale is on the rise, but which month has the fewest listings and which month has the most? Glad you asked! Get the one-minute update in our video, below. And for more details, view our chart showing the number of residential listings, over time.
Did you know: you can expand the video to full screen? While the video is playing, click the YouTube button, then click the Full Screen button.
Please check back from time to time, for more videos.
Roger and Teresa Moen
Your Mountain Realtors
970.376.2039
When Is Inventory The Highest?
February 25, 2012 12:50 PM --
Hello from Breckenridge, Colorado!
Ever wonder how the number of residential properties for sale, fluctuates during the year?
Get the quick answer from our 1-minute video, or see the details below.
The short answer is: the number of listings is at a minimum in January, and a maximum in July.
The chart below shows the number of residential listings in the Breckenridge area since October, 2008.
So, now you know how the market inventory varies during the year. 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
Ever wonder how the number of residential properties for sale, fluctuates during the year?
Get the quick answer from our 1-minute video, or see the details below.
The short answer is: the number of listings is at a minimum in January, and a maximum in July.
The chart below shows the number of residential listings in the Breckenridge area since October, 2008.
- “Residential listings” means the total number of homes, condos, townhomes, duplexes, and vacant land for sale on any given date
- The chart shows a clear seasonal pattern.
- The number of listings generally is the lowest in January, and slowly rises all spring and summer to a peak in July.
- On average, the number of listings rises about 35% from January to July
- Looking at the chart as a whole, the number of listings has declined somewhat in the past three years, especially in 2011. The most likely reason is that people have tried to sell their properties, but didn’t get the price they wanted, and are leaving their property off the market until prices improve. As our market continues to stabilize and improve, we expect the total number of listings to increase, with higher highs in July, and higher lows in January.
So, now you know how the market inventory varies during the year. 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
How's The Market 1/27/12
January 27, 2012 06:52 PM --
How’s the real estate market in Breckenridge, Colorado? It’s still a buyer’s market, but recovering nicely. The number of residential sales is up 17% for 2011 vs 2010.
We learned previously that affordable homes are selling faster than high end homes, but which vacant lot 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 3 different vacant land price ranges.
Want to see more videos and photos of the International Snow Sculpture Championships? Click here!
Did you know: you can expand the video to full screen? While the video is playing, click the YouTube button, then click the Full Screen button.
Please check back from time to time, for more videos.
Roger and Teresa Moen
Your Mountain Realtors
970.376.2039
We learned previously that affordable homes are selling faster than high end homes, but which vacant lot 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 3 different vacant land price ranges.
Want to see more videos and photos of the International Snow Sculpture Championships? Click here!
Did you know: you can expand the video to full screen? While the video is playing, click the YouTube button, then click the Full Screen button.
Please check back from time to time, for more videos.
Roger and Teresa Moen
Your Mountain Realtors
970.376.2039
Which Vacant Lots Are Selling Best?
January 27, 2012 06:10 PM --
Hello from Breckenridge, Colorado!
We know it’s a buyer’s market, and that homes and condos are selling well, and land is selling the slowest, but which vacant lot price range is selling the best? The high end? Mid-range? Affordable lots?
Get the quick answer from our 1-minute video, or see the details below.
The short answer is: the lower-priced lots are selling best; the mid-range is slower; and the high end has a huge oversupply of 10-12 years. So, if you’ve been waiting to buy a high-end luxury vacant lot, now is the time! Those sellers are highly motivated!
The chart below shows the number of month’s supply of land in the Breckenridge area since July, 2011.
So, now you know which vacant land 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, and land is selling the slowest, but which vacant lot price range is selling the best? The high end? Mid-range? Affordable lots?
Get the quick answer from our 1-minute video, or see the details below.
The short answer is: the lower-priced lots are selling best; the mid-range is slower; and the high end has a huge oversupply of 10-12 years. So, if you’ve been waiting to buy a high-end luxury vacant lot, now is the time! Those sellers are highly motivated!
The chart below shows the number of month’s supply of land in the Breckenridge area since July, 2011.
- As of 1/27/12 for all price ranges, there were 224 vacant lots for sale in Breckenridge, but only 58 had sold in the past 12 months. At this rate of sales, there’s nearly a 4-year supply of vacant land. (224 active / 58 sold = 3.9 years).
- To get a better understanding of the market, we track three different land price ranges; under $250K; $250K to $500K; and over $500K
- For each price range, we calculate the monthly supply by dividing the number of active land listings in that price range, by the number that sold in the preceding 12 months
- The most striking thing is the huge supply of land in the highest price range, over $500,000 (the top line in the chart below). That’s a 10 to 12 year supply!
- The darker blue line at the bottom of the chart shows the monthly supply of vacant lots under $250K. Currently there is roughly a 2.5 year supply of vacant land.
So, now you know which vacant land 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
How's The Market 1/6/12
January 06, 2012 06:08 PM --
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? While the video is playing, click the YouTube button, then click the Full Screen button.
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? While the video is playing, click the YouTube button, then click the Full Screen button.
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 --
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 --
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? While the video is playing, click the YouTube button, then click the Full Screen button.
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? While the video is playing, click the YouTube button, then click the Full Screen button.
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 --
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
How's The Market 11/29/11
November 29, 2011 05:19 PM --
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? While the video is playing, click the YouTube button, then click the Full Screen button.
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? While the video is playing, click the YouTube button, then click the Full Screen button.
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 --
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
How's The Market 11/15/11
November 15, 2011 08:09 PM --
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? While the video is playing, click the YouTube button, then click the Full Screen button.
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? While the video is playing, click the YouTube button, then click the Full Screen button.
Please check back from time to time, for more videos.
Roger and Teresa Moen
Your Mountain Realtors
970.376.2039
Which Market Segment Is Selling Best?
November 15, 2011 03:20 PM --
Hello from Breckenridge, Colorado!
We know it’s a buyer’s market, but which market segment is selling the best: homes, condos, or land?
Get the quick answer from our 1-minute video, or see the details below.
The short answer is: condos are selling best, followed closely by single family homes. Land is a distant third. So, it’s a great time to buy vacant land in Breckenridge!
How many months (or years) supply do we have?
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
970.376.2039
We know it’s a buyer’s market, but which market segment is selling the best: homes, condos, or land?
Get the quick answer from our 1-minute video, or see the details below.
The short answer is: condos are selling best, followed closely by single family homes. Land is a distant third. So, it’s a great time to buy vacant land in Breckenridge!
How many months (or years) supply do we have?
- As of 11/15/11, we have a 15-month supply of homes; 14.5 months of condos, and 44 months of vacant land!
- The chart below shows the number of months’ supply of homes, condos, and land in the Breckenridge area, going back to March of 2003.
- To calculate the monthly supply: it’s the ratio between the number for sale, vs the number that have sold. This is also called the absorption rate -- the rate at which properties are being absorbed (bought and sold) by the market.
- As an example, on 11/15/11 there were 249 homes listed for sale in Breckenridge. In the preceding 52 weeks, 200 homes sold. 249 actives / 200 solds = 1.25 year’s supply of homes. This means that if no more homes come on the market, at the rate the homes are selling, it would take 1.25 years for them all to sell. Converted to months, 1.25 * 12 = a 15 month supply of homes, as of 11/15/11. We’ve been tracking that calculation going all the way back to 2003. That’s the data you see in the blue line.
- The light purple line shows the monthly supply of condos
- The magenta line shows the monthly supply of vacant land
- Note that the monthly supply has changed dramatically over the years. As an example, 5 years ago in mid-November 2006, there was a 5.5 month supply of homes (vs 15 months now); a 2.3 month supply of condos (vs 14.5 months now) and a 6.2 month supply of land (vs 44 months now)!
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
970.376.2039
How's The Market 11/3/11
November 03, 2011 07:12 PM --
How’s the real estate market in Breckenridge, Colorado? Are prices going up, down, or sideways? And when does the Breckenridge ski area open? Are they making snow yet?
Glad you asked! Get the one-minute update in our video, below. And for more details on pricing trends, check out what’s happening in the One Breckenridge Place townhome complex.
Did you know: you can expand the video to full screen? While the video is playing, click the YouTube button, then click the Full Screen button.
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 on pricing trends, check out what’s happening in the One Breckenridge Place townhome complex.
Did you know: you can expand the video to full screen? While the video is playing, click the YouTube button, then click the Full Screen button.
Please check back from time to time, for more videos.
Roger and Teresa Moen
Your Mountain Realtors
970.376.2039
One Breckenridge Place: Prices Are Stable
November 01, 2011 03:35 PM --
Hello from Breckenridge, Colorado!
We know it’s a buyer’s market, but what are prices doing? Going up? Down? Stable? Get the quick answer from our 1-minute video, or see the details below.
For townhomes in the luxury One Breckenridge Place complex, prices rose strongly until late 2007, then declined around 30%, and have been roughly stable since 2009.
So, we’re having a sale! Luxury townhome prices in this prestigious complex have been rolled back just over 30%. We see similar trends for other complexes and subdivisions in Breckenridge.
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
We know it’s a buyer’s market, but what are prices doing? Going up? Down? Stable? Get the quick answer from our 1-minute video, or see the details below.
For townhomes in the luxury One Breckenridge Place complex, prices rose strongly until late 2007, then declined around 30%, and have been roughly stable since 2009.
- We charted all sales in this complex since 1/1/2005, showing the price per square foot (red line).
- Since these townhomes are all very similar in size, you can also get a good idea of the trends by looking at the selling prices (blue line)
- Note that the last 7 MLS-reported sales were all at or just over $800,000. It’s a little hard to tell from the chart, but there were two sales in Dec 2009 for $800K and $810K, then sales at $820K, $825K, and $830K in 2010, and two in 2011 for $820K and $835K, all for similar sized units.
- Since 2005, the overall trend for the price per square foot (green line) is flat
So, we’re having a sale! Luxury townhome prices in this prestigious complex have been rolled back just over 30%. We see similar trends for other complexes and subdivisions in Breckenridge.
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
How's The Market 10/20/11
October 20, 2011 07:02 PM --
How’s the real estate market in Breckenridge, Colorado? How many residential sales have there been so far this year, vs last year? What do snow guns look like?
Glad you asked! You can watch our 1-minute video, below. Or read our latest newsletter!
Did you know: you can expand the video to full screen? While the video is playing, click the YouTube button, then click the Full Screen button.
Please check back from time to time, for more videos.
Roger and Teresa Moen
Your Mountain Realtors
970.376.2039
Glad you asked! You can watch our 1-minute video, below. Or read our latest newsletter!
Did you know: you can expand the video to full screen? While the video is playing, click the YouTube button, then click the Full Screen button.
Please check back from time to time, for more videos.
Roger and Teresa Moen
Your Mountain Realtors
970.376.2039
Breckenridge Market Overview 8/15/11
August 15, 2011 07:55 PM --
Hello, everybody!
Here’s the local real estate market update, with sales statistics for Breckenridge, Colorado!
Yes, it’s still a strong buyer’s market. Prices are roughly flat since January 2009, and the number of sales is clearly on the rise.
The chart above shows the number of residential sales (homes, condos, townhomes, duplexes, and vacant lots), from January 1st of a year, to August 15th of that year.
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 local real estate market update, with sales statistics for Breckenridge, Colorado!
Yes, it’s still a strong buyer’s market. Prices are roughly flat since January 2009, and the number of sales is clearly on the rise.
The chart above shows the number of residential sales (homes, condos, townhomes, duplexes, and vacant lots), from January 1st of a year, to August 15th of that year.
- 2005 was the peak year for number of transactions (year to date)
- 2009 is the lowest year for number of transactions
- The number of properties sold to date in 2011 is up 19% vs this date in 2010! And up 46% vs 2009!!
- The total sales volume (the sum of all selling prices) is down 2.2% vs 2010. However, 2010 had a high sales volume partly because the high-end luxury condo complex One Ski Hill Place was completed in mid-2010. 2011 has to compete against those dozens of high-end sales, most over $1 million per condo!
- The prices of properties peaked in late 2007 / early 2008. Prices are currently 25-30% 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 continuing downtrend in selling prices. Some areas show slight increases, some show slight decreases, but the overall stabilization and recovery of the local Breckenridge real estate market is unmistakeable
- It’s still a strong buyer’s market because there are so many listings from which to choose
- Compare the above chart, to the year-end chart of sales in Breckenridge
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
Highlands Home Prices Still Stable
April 21, 2011 04:27 PM --
Hello from Breckenridge, Colorado!
Here’s more good news, 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 in this prestigious subdivision have been rolled back 24%.
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, from the Highlands At Breckenridge luxury home subdivision:
- We charted all 37 home sales in this subdivision since 1/1/2009, and the price-per-square-foot is stable! (See the magenta line). There’s a slight -2.1% percent per year downtrend (yellow line) in the price per square foot, but that’s not a major trend.
- The sold prices ranged from $850,000 to $2,199,000.
- The last three sales were:
- $199 / sq ft on 1/25/11 (We had the buyer! Bank owned)
- $295 / sq ft on 2/8/11
- $390 / sq ft on 3/24/11
For homes in The Highlands At Breckenridge subdivision:
- The peak selling prices occurred roughly from July 1, 2007 to July 1, 2008, and averaged $401 per sq ft
- Selling prices from January 1, 2009 through April 22, 2011 averaged $305 per sq ft
- That’s a drop of around 24% from the peak
- Although there have been a few foreclosures and bank-owned sales, on average the selling price per square foot in the Highlands has bottomed out, and since 1/1/2009 it is roughly flat.
So, we’re having a sale! Luxury home prices in this prestigious subdivision have been rolled back 24%.
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
Breckenridge Market Overview 3/22/11
March 23, 2011 04:02 PM --
Hello, everybody!
Here’s the local real estate market update, with sales statistics for Breckenridge, Colorado!
Yes, it’s still a strong buyer’s market. Prices are roughly flat since January 2009, and the number of sales has clearly started to increase.
The chart above shows the number of residential sales (homes, condos, townhomes, duplexes, and vacant lots), from January 1st of a year, to March 22nd of that year.
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 local real estate market update, with sales statistics for Breckenridge, Colorado!
Yes, it’s still a strong buyer’s market. Prices are roughly flat since January 2009, and the number of sales has clearly started to increase.
The chart above shows the number of residential sales (homes, condos, townhomes, duplexes, and vacant lots), from January 1st of a year, to March 22nd of that year.
- 2006 was the peak year for number of transactions (year to date)
- 2009 is the lowest year for number of transactions
- The number of properties sold to date in 2011 is up 29% vs this date in 2010! And up 105% vs 2009!!
- The total sales volume (the sum of all selling prices) is up 19% vs 2010
- The prices of properties peaked in late 2007 / early 2008. Prices are currently 25-30% 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 prices. Some areas show slight increases, some show slight decreases, but the overall recovery of the local Breckenridge real estate market is unmistakeable
- It’s still a strong buyer’s market because there are so many listings from which to choose
- Compare the above chart, to the year-end chart of sales in Breckenridge
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
Breckenridge Market Overview 2/12/11
February 12, 2011 02:06 PM --
Hi!
Here’s your real estate market update, with statistics for Breckenridge, Colorado!
It’s still a strong buyer’s market. Prices are roughly flat since January 2009, and the number of sales has clearly started to increase.
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), from January 1st of a year, to February 12th of that year.
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 your real estate market update, with statistics for Breckenridge, Colorado!
It’s still a strong buyer’s market. Prices are roughly flat since January 2009, and the number of sales has clearly started to increase.
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), from January 1st of a year, to February 12th of that year.
- 2006 was the peak year for number of transactions (year to date)
- 2009 is the lowest year for number of transactions
- The number of properties sold to date in 2011 is up 30% vs this date in 2010! And up 86% vs 2009!!
- The total sales volume (the sum of all selling prices) is also up 30% vs 2010!
- The prices of properties peaked in late 2007 / early 2008. Prices are currently 25-30% 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 prices. Some areas show slight increases, some show slight decreases, but the overall recovery of the local Breckenridge real estate market is unmistakeable
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
Highlands Home Sales Encouraging
February 10, 2011 01:48 PM --
Hello there,
Here’s the real estate market update, for the luxury Highlands at Breckenridge subdivision in Breckenridge, Colorado!
It’s still very early in the year, but the number of sales so far is encouraging.
The chart above shows the number of residential home sales in the original Highlands At Breckenridge subdivision, from January 1st of a year, to February 9th of that year.
Roger and Teresa Moen
Your Mountain Realtors
877.453.2266
Here’s the real estate market update, for the luxury Highlands at Breckenridge subdivision in Breckenridge, Colorado!
It’s still very early in the year, but the number of sales so far is encouraging.
The chart above shows the number of residential home sales in the original Highlands At Breckenridge subdivision, from January 1st of a year, to February 9th of that year.
- The number of properties sold to date in 2011 is the same as last year, namely three so far. This is well above the average pace, going back to 2005.
- The total sales volume (the sum of all selling prices) is up slightly (4%) vs 2010
- 1/4/11, 35 Fletcher Ct, $1.495M, 6 bed / 8 bath, 7256 sq ft ($206/sq ft)
- 1/25/11, 1883 Highlands Dr, $957K, 4 bed / 3.5 bath, 4805 sq ft ($199/sq ft) (we found the buyer!)
- 2/8/11, 45 Golden Age Dr, $1.448M, 4 bed / 4.5 bath, 4908 sq ft ($295/sq ft)
Roger and Teresa Moen
Your Mountain Realtors
877.453.2266
The Hottest Segment of the Breckenridge Market
February 02, 2011 03:08 PM --
Hello there,
As of 2/2/2011, here’s the hottest segment of the Breckenridge real estate market: condos under $300,000, with only a 7 month supply!
This is the strongest segment of the Breckenridge market. Other segments (notably vacant land, and high-end condos and high-end homes) are much more sluggish, with a multi-year supply.
Check back from time to time, for additional market statistics and observations for beautiful Breckenridge, CO, where “It’s a great time to be a buyer!”
Roger & Teresa Moen
Your Mountain Realtors
877.453.2266
As of 2/2/2011, here’s the hottest segment of the Breckenridge real estate market: condos under $300,000, with only a 7 month supply!
- The number of month’s supply is trending down - that’s the number of active listings, divided by the number of sales in a recent period.
- The yellow line, “Month Supply (short)” is based on short-term market activity: the number of current active listings vs the number of sales in the past 3 months. Based on the sales pace of the last 90 days, as of 2/2/11 we are down to a 7-month supply of condos under $300K (down from a high of more than 50 months, in 2010)
- The blue line, “Month Supply (medium)” is based on current actives vs sales in the past 6 months, and the magenta line, “Month Supply (long)" is based on current actives vs sales in the past 12 months. All trends are down, which means the market is heating up!
This is the strongest segment of the Breckenridge market. Other segments (notably vacant land, and high-end condos and high-end homes) are much more sluggish, with a multi-year supply.
Check back from time to time, for additional market statistics and observations for beautiful Breckenridge, CO, where “It’s a great time to be a buyer!”
Roger & Teresa Moen
Your Mountain Realtors
877.453.2266
Breckenridge Year-End Review 2010
January 05, 2011 01:49 PM --
Happy New Year!
Here’s the year-end review for the real estate market in Breckenridge, Colorado.
It’s a strong buyer’s market. Prices are roughly flat since January 2009, and the number of sales has stabilized and is actually 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 2002 through 2010.
Interest rates are still super low, the stock market is up 78% 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
Here’s the year-end review for the real estate market in Breckenridge, Colorado.
It’s a strong buyer’s market. Prices are roughly flat since January 2009, and the number of sales has stabilized and is actually 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 2002 through 2010.
- 2005 was the peak year for number of transactions
- 2009 was the lowest year for number of transactions
- The number of properties sold in 2010 is up 15% vs 2009
- The total sales volume (the sum of all selling prices) is up 4% vs 2009
- The prices of properties peaked in late 2007 / early 2008. Prices are currently 25-30% 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 prices for all of 2009 - 2010.
Interest rates are still super low, the stock market is up 78% 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
Highlands Year-End Market Review
January 05, 2011 11:37 AM --
Hello there,
Here’s the real estate market year-end review, for the luxury Highlands at Breckenridge subdivision in Breckenridge, Colorado!
The chart above shows the number of residential home sales in the original Highlands At Breckenridge subdivision, for each of the years from 2004 through 2010.
Roger and Teresa Moen
Your Mountain Realtors
877.453.2266
Here’s the real estate market year-end review, for the luxury Highlands at Breckenridge subdivision in Breckenridge, Colorado!
The chart above shows the number of residential home sales in the original Highlands At Breckenridge subdivision, for each of the years from 2004 through 2010.
- The number of properties sold in 2010 was down 17% from 2009, but 2010 was still a good year for sales in The Highlands, all things considered
- The total sales volume (the sum of all selling prices) for 2010 was down 27% vs 2009
Roger and Teresa Moen
Your Mountain Realtors
877.453.2266
Luxury Home Prices Still Stable
December 13, 2010 04:49 PM --
Hello from Breckenridge, Colorado!
Here’s more good news, 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 23% - 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, from the Highlands At Breckenridge luxury home subdivision:
- We charted all 32 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 slight 2.7% 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 $401 per sq ft
- Selling prices from January 2009 through November 2010 averaged $309 per sq ft
- That’s a drop of around 23% from the peak
- Prices appear to have bottomed out, and since 1/1/2009 they are rising at a rate of 2.7% per year
So, we’re having a sale! Luxury home prices have been rolled back 23% - 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
Breckenridge Market Overview 11/25/10
November 26, 2010 11:54 AM --
Happy Thanksgiving!
Here’s some real estate market statistics for Breckenridge, Colorado.
It’s a strong buyer’s market. Prices are roughly flat since January 2009, and the number of sales has stabilized.
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), from January 1st of a year, to November 25th of that year.
Interest rates are still super low, the stock market is up 70% 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
Here’s some real estate market statistics for Breckenridge, Colorado.
It’s a strong buyer’s market. Prices are roughly flat since January 2009, and the number of sales has stabilized.
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), from January 1st of a year, to November 25th of that year.
- 2005 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 14% vs 2009
- The total sales volume (the sum of all selling prices) is up 6% vs 2009
- The prices of properties peaked in late 2007 / early 2008. Prices are currently 25-30% 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 prices for all of 2009 - 2010.
- The foreclosure rate in Summit County is less than half of one percent (as of September 2010)
Interest rates are still super low, the stock market is up 70% 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
Luxury Home Prices Stable in Breckenridge
August 28, 2010 05:44 PM --
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 23% - 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 $401 per sq ft
- Selling prices from January 2009 through August 2010 averaged $310 per sq ft
- That’s a drop of around 23% 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 23% - 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
Breckenridge Market Overview 6/11/10
June 11, 2010 04:15 PM --
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
Breckenridge Market Overview 3/7/10
March 07, 2010 06:05 PM --
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
Affordable Condo Prices Stabilize
November 13, 2009 05:41 PM --
Good evening!
Still more good news, this time for affordable two-bedroom condos:
For older two-bedroom condos in ski in, ski out, or walk to slopes locations:
So, come on up and get a condo! These condos have been marked down 12%, but they’re already heading back up.
You’ve been good this year, haven’t you? Why not make an investment in The Best Place On Earth!
Roger & Teresa Moen
Your Mountain Realtors
877.453.2266
Still more good news, this time for affordable two-bedroom condos:
- We have a client interested in older condos in good locations. We focussed on two-bedroom condos built between 1979 and 1983, in good ski in, ski out, or walk to slopes locations. We charted all 13 such sales 2009, and the price-per-square-foot has stabilized and is going up! (See the magenta line). There’s a 10 percent per year uptrend (yellow line) in the price per square foot.
For older two-bedroom condos in ski in, ski out, or walk to slopes locations:
- The peak selling prices occurred roughly from July 1, 2007 to July 1, 2008, and averaged $502 per sq ft
- Selling prices in 2009 averaged $443 per sq ft
- That’s a drop of just 12% from the peak
- Prices appear to have bottomed out, and since 1/1/2009 they are rising at a rate of 10% per year
So, come on up and get a condo! These condos have been marked down 12%, but they’re already heading back up.
You’ve been good this year, haven’t you? Why not make an investment in The Best Place On Earth!
Roger & Teresa Moen
Your Mountain Realtors
877.453.2266
Luxury Home Prices Stabilize
November 13, 2009 04:57 PM --
Happy Friday!
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 23% - 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 17 home sales in this subdivision in 2009, and the price-per-square-foot has stabilized! (See the magenta line). In fact, there’s an 11 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 $401 per sq ft
- Selling prices in 2009 averaged $310 per sq ft
- That’s a drop of around 23% from the peak
- Prices appear to have bottomed out, and since 1/1/2009 they are rising at a rate of 11% per year
So, we’re having a sale! Luxury home prices have been rolled back 23% - 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
Recovery for Higher End Breckenridge Homes
October 18, 2009 04:00 PM --
Hello again,
More signs of life in the real estate market in Breckenridge, Colorado! Little green shoots of market activity.
This time our focus is higher end homes: homes between $1 million and $2.5 million. (Earlier, we examined condos under $300,000 and saw a strong recovery)
Check out the chart below, and you’ll see that the data is pointing towards a recovery in this sector:
Check back from time to time, for additional market statistics and observations for beautiful Breckenridge, CO, where “It’s a great time to be a buyer!”
Roger & Teresa Moen
Your Mountain Realtors
877.453.2266
More signs of life in the real estate market in Breckenridge, Colorado! Little green shoots of market activity.
This time our focus is higher end homes: homes between $1 million and $2.5 million. (Earlier, we examined condos under $300,000 and saw a strong recovery)
Check out the chart below, and you’ll see that the data is pointing towards a recovery in this sector:
- The number of month’s supply is trending down - that’s the number of active listings, divided by the number of sales in a recent period.
- The yellow line, “Month Supply (short)” is based on short-term market activity: the number of current active listings vs the number of sales in the past 3 months.
- The blue line, “Month Supply (medium)” is based on current actives vs sales in the past 6 months, and the magenta line, “Month Supply (long)" is based on current actives vs sales in the past 12 months.
- In a steadily improving market, the short-term yellow line is the lowest, and the long-term magenta line is the highest - and all three lines are trending down. That’s exactly what we see below! An improving market for higher end homes in Breckenridge.
Check back from time to time, for additional market statistics and observations for beautiful Breckenridge, CO, where “It’s a great time to be a buyer!”
Roger & Teresa Moen
Your Mountain Realtors
877.453.2266
Good News In Beaver Run
September 11, 2009 05:45 PM --
Happy Friday!
Here’s another little green shoot - some good news from the Beaver Run condo complex (the biggest condo complex in Breckenridge):
For Beaver Run studio and 1-bedroom condos:
Compare this to our recent posting, “Are Breckenridge Condo Prices Headed Up?”
Have we reached the bottom? Indications are, that for Beaver Run studio and 1-bedroom condos, we have!
Contact us today to get your little piece of the best place on earth.
Roger & Teresa Moen
Your Mountain Realtors
877.453.2266
Here’s another little green shoot - some good news from the Beaver Run condo complex (the biggest condo complex in Breckenridge):
- We charted all six sales of studio and 1-bedroom units in 2009, and the price-per-square-foot has stabilized! (See the magenta line). In fact, there’s a very slight uptrend (yellow line).
For Beaver Run studio and 1-bedroom condos:
- The peak selling prices occurred May-Sept 2008, and averaged $703 per sq ft
- Selling prices in 2009 are roughly flat, at around $570 per sq ft
- That’s a drop of around 19% from the peak - but based on the last six sales, prices aren’t falling anymore
- Sales of these condos simply stopped for over 5 months. After a sale on 9/26/2008, the next sale of a Beaver Run studio or 1-bedroom condo wasn’t until 3/3/09 - that was kind of scary, but it’s behind us now.
Compare this to our recent posting, “Are Breckenridge Condo Prices Headed Up?”
Have we reached the bottom? Indications are, that for Beaver Run studio and 1-bedroom condos, we have!
Contact us today to get your little piece of the best place on earth.
Roger & Teresa Moen
Your Mountain Realtors
877.453.2266
Are Breckenridge Condo Prices Headed Up?
September 03, 2009 02:58 PM --
Hi, everyone!
As a follow-up to our blog posting of September 1, 2009: “Signs of Life For Breckenridge Condos”, consider the following chart:
Note that there were only a few sales in the early part of the year, and sales picked up markedly once we got into the summer months. For condo sales under $300K, it appears the worst is behind us and we may be on the upswing! So, contact us today to get that affordable Breckenridge condo - while it’s still affordable. For more info on this segment, see our previous posting, “Signs of Life for Breckenridge Condos”.
To be clear, as of 9/3/2009, this is the strongest part of the Breckenridge real estate market. Other sectors such as Breckenridge land and high-priced homes and high-priced condos are still seeing declining prices (although the supply is beginning to come down for some of those sectors). As such, they remain a rare buying opportunity - for the time being.
Will this upwards pricing trend for the more affordable condos continue? Will this segment lead the Breckenridge real estate market to full recovery? Only time will tell - so, check back later!
Roger & Teresa Moen
Your Mountain Realtors
877.453.2266
As a follow-up to our blog posting of September 1, 2009: “Signs of Life For Breckenridge Condos”, consider the following chart:
- It plots the selling price, and the price per square foot, for all 22 condos that sold for under $300,000 in Breckenridge, since 1/1/2009. If we examine the trend of the price-per-square-foot data, there is an annualized upward trend of +16.7%!
- It’s not all peaches and cream - prices in Breckenridge have fallen, roughly 15% to 25% from the peak prices which occurred around 1/1/2008. Condo prices are no exception. But, it appears that for condos under $300K, prices may have found their new lower level, reached the bottom, and may be heading back up.
Note that there were only a few sales in the early part of the year, and sales picked up markedly once we got into the summer months. For condo sales under $300K, it appears the worst is behind us and we may be on the upswing! So, contact us today to get that affordable Breckenridge condo - while it’s still affordable. For more info on this segment, see our previous posting, “Signs of Life for Breckenridge Condos”.
To be clear, as of 9/3/2009, this is the strongest part of the Breckenridge real estate market. Other sectors such as Breckenridge land and high-priced homes and high-priced condos are still seeing declining prices (although the supply is beginning to come down for some of those sectors). As such, they remain a rare buying opportunity - for the time being.
Will this upwards pricing trend for the more affordable condos continue? Will this segment lead the Breckenridge real estate market to full recovery? Only time will tell - so, check back later!
Roger & Teresa Moen
Your Mountain Realtors
877.453.2266
Signs of Life for Breckenridge Condos
September 01, 2009 04:44 PM --
Hello there,
Yes, there are signs of life in the real estate market in Breckenridge, Colorado! Little green shoots of market activity.
Here’s one of the livelier segments of our market: condos under $300,000.
Check out the chart below, and you’ll see that the data is pointing towards a recovery in this sector:
This is the strongest segment of the Breckenridge market. Other segments (notably vacant land, and high-end condos and high-end homes) are much more sluggish. But, at least we’ve found a bright spot!
Check back from time to time, for additional market statistics and observations for beautiful Breckenridge, CO, where “It’s a great time to be a buyer!”
Roger & Teresa Moen
Your Mountain Realtors
877.453.2266
Yes, there are signs of life in the real estate market in Breckenridge, Colorado! Little green shoots of market activity.
Here’s one of the livelier segments of our market: condos under $300,000.
Check out the chart below, and you’ll see that the data is pointing towards a recovery in this sector:
- The number of month’s supply is trending down - that’s the number of active listings, divided by the number of sales in a recent period.
- The yellow line, “Month Supply (short)” is based on short-term market activity: the number of current active listings vs the number of sales in the past 3 months. Based on the sales pace of the last 90 days, we are down to a 17-month supply of condos under $300K (down from 32 months in early June)
- The blue line, “Month Supply (medium)” is based on current actives vs sales in the past 6 months, and the magenta line, “Month Supply (long)" is based on current actives vs sales in the past 12 months.
- In a steadily improving market, the short-term yellow line is the lowest, and the long-term magenta line is the highest - and all three lines are trending down. That’s exactly what we see below! An improving market for affordable condos in Breckenridge.
This is the strongest segment of the Breckenridge market. Other segments (notably vacant land, and high-end condos and high-end homes) are much more sluggish. But, at least we’ve found a bright spot!
Check back from time to time, for additional market statistics and observations for beautiful Breckenridge, CO, where “It’s a great time to be a buyer!”
Roger & Teresa Moen
Your Mountain Realtors
877.453.2266
Breckenridge Market Overview 8/15/09
August 15, 2009 05:45 PM --
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. 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 below shows the number of residential sales (homes, condos, townhomes, duplexes, and vacant lots), from the first of the year to August 13th of each year.
Interest rates are still super low, and we are hoping for a mini-surge of buyers once fall arrives, 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. 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 below shows the number of residential sales (homes, condos, townhomes, duplexes, and vacant lots), from the first of the year to August 13th of each year.
- 2005 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 2009 is down 42% vs 2008, and is down 67% from the five-year-average of the number of properties sold from 2004 to 2008
- The prices of properties sold to date in 2009 are down roughly 15% to 25% from the peak prices, which occurred around 1/1/2008
Interest rates are still super low, and we are hoping for a mini-surge of buyers once fall arrives, 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