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This area also offers convenient access to the slopes as well as hiking and biking trails. It's connected to Peak Nine by a pedestrian bridge that crosses over Maggie Pond. Four O'Clock is another neighborhood that's near the Snowflake lift and Four O'Clock Ski Run. Warrior's Mark is located near the black diamond terrain of Peak 10. This area is known for its luxurious homes and beautiful forest setting. The cost of a taxi ride in Breckenridge is significantly more than public transportation.
That 25% increase follows our 32% increase in sales volume from 2020 over 2019. It’s amazing the pace we’re watching home prices increase around Summit County. Our limited inventory of available properties certainly stacks the cards in your favor. Professional photography and videography, including virtual tours, are essential as buyers are often submitting an offer based on what they see online. Properly priced homes are seeing a very high demand for showings which results in multiple offers, often above list price.
Price Range
We created a blog post and video includingour tips and strategies to get your offer accepted. The third key takeaway is that the average price of a single family home in Summit County increased by 25% in 2021. Back in 2020, the average sales price for a home was $1,510,165 and that increased by nearly $400,000 to $1,893,484 last year. Even more surprising was the average sales price of a single family home in Breckenridge.
The average price of Breckenridge land has steadily increased, but from 2006 to 2007, it saw a huge increase of more than $120,000 — from $324,551 to $445,365. In 2007, vacant land sold the second quickest in Summit County towns and communities, next to Frisco, which is more rapidly running out of lots. Can sell for around list price and go pending in around 12 days. This is where you'll find the highest concentration of restaurants, shops, and historic architecture. Peak Nine is another convenient area to stay where you can enjoy easy access to the ski slopes but also be walking distance to Main Street.
Local Insights About Breckenridge, CO
Find out the number of homebuyers searching to move in and out of Breckenridge, plus the top relocation destinations. The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Like the rest of the world, we have been shocked this year by circumstances never before encountered. Knowing the Breckenridge real estate market fared better than most back in 2008, we could only be cautiously optimistic. When public health allowed real estate showings to resume this past June, we were more than pleased to see buyers returning, but never expected to see the surprising gains reflected in the October stats report. The luxury real estate market has increasingly become an important sector in the Summit County real estate market, but with a limited number of properties available and a fast-growing demand.
Learn More About Summit County Real Estate
A prudent investor will buy into the Breckenridge real estate market before interest rates rise again - and while property values are still reasonable, unlike Aspen or Telluride. Breckenridge condos and townhomes increased from an average of $452,117 in 2006 to $532,637 in 2007. For the past three years, Breckenridge condos have garnered the highest average price out of all Summit County towns and communities. The average homes sell for about 4% below list price and go pending in around 48 days. While meal prices in Breckenridge can vary, the average cost of food in Breckenridge is $49 per day. Based on the spending habits of previous travelers, when dining out an average meal in Breckenridge should cost around $20 per person.
Just south of town, in Blue River, Most homes sell for $450,000 to $750,000, though they range from $370,000 to $1.3 million. There’s plenty of room for continued Breckenridge real estate growth, as demand for properties continues to increase. Reports on the cost of living in Breckenridge show that housing prices increase steadily, suggesting strong returns for investors. The first key takeaway from Q2 is that BOTH the number of closed transactions and the dollar volume resulting from those sales were down significantly throughout Summit County compared to last year.
More Breckenridge, CO Property Resources
This community is perfect for those who love year-round outdoor recreational activities. Breckenridge's culinary and shopping scene offers residents many unique stores, restaurants, and places to gather with others. Cuisine options available at area restaurants include everything from Italian and Mediterranean to American BBQ and French. Popular restaurants in the community include Downstairs at Eric's, Hearthstone Restaurant, and Empire Burgers.
Freddie Mac has delivered news that will potentially boost sales as our Summit country real estate market heads into its busiest selling season. US long-term mortgage rates have fallen for the third straight week, with the 30-year loan at its lowest point in three years at 3.45 percent. Experts expect rates to remain in a holding pattern below 4 percent. Mortgage rates at these lows were last seen in 2016, which makes 2020 a profitable time for refinancing or purchasing. Even if rates should rise a bit, they are low by historical standards. First, there were only 9 fewer residential real estate sales for all property types in 2021 compared to 2020, yet the total dollar volume from all transactions was UP nearly $500M which is a 25% increase in one year.
The number of transactions per quarter have been down consistently due to the limited inventory, but the dollar volume resulting from those sales has been pretty consistent each time compared to the previous year. For the first time in a long time, we see the volume falling significantly compared to the prior year. Currently, there are 420 homes listed in Breckenridge which include 77 condos, 0 foreclosures. Get started by checking out the most popular home & the most saved home by Coldwell Banker homebuyers in the last 30 days.
Check the current listing status and the local Breckenridge property tax information. As available, numerous property features such as greenbelt locations, views, swimming pools, and Breckenridge community amenities, including parks and golf courses, will be listed. She has an unsurpassed commitment to providing you the best representation. Investment PropertyHomes and condos with high short term rental income in relation to list price.
Finally, the average days on market for all property types around Summit County in Q2 of 2022 was only 12 days compared to 19 days during the same period last year. The same was true for Breckenridge sales as we saw a decrease in the days on market by 46% from 26 days last year to only 14 days this year. As I mentioned in the introduction to this article, the second big takeaway is that prices have now officially stalled around Summit County. The total number of sales was down 37% and the dollar volume from those sales was down 36% compared to the third quarter last year. In our previous analysis by quarter, sales were down but dollar volume was holding steady as a result of our double-digit appreciation.
It’s no surprise that demand for homes and condos in resort areas remains strong as buyers from around the country have found they can work from anywhere. This holds true for the Summit County real estate market as we find many buyers moving here for a primary residence or purchasing a vacation home where they can spend months at a time, working remotely. Existing owners have also enjoyed spending more time in the mountains, therefore delaying a possible sale of their Breckenridge or Summit County property. In randomly looking at a few neighborhoods around Summit County where there are active listings, we already see prices that are lower than the most recent sales in those neighborhoods.
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