Ten Peaks Sotheby's International Realty Blog

Breckenridge Real Estate Market Update

Breckenridge real estatein March 2011 is staying almost consistent with 2010 numbers. Which are signs that the Breckenridge real estatemarket is starting to level out and starting to recover. With just 3 days left in the month we are only 1 sale behind last year. So far this month we Breckenridge real estate has had 25 sales with an average sale price of about $809K.

The above chart shows the this year and the last two years and the average sale price of all properties in Breckenridge real estate. As you can see 2009 - 2010 we had a slow decrease in price and from December of 2010 we have seen a 14.% increase in sale price! There still great deals to be found! But don't wait to long! Prices may stay low this year but as the data is showing home prices are starting to go back up!

If you are interested in find out more information and taking a look at what is available in the Breckenridge Real Estate Market please contact any of the agents at Ten Peaks Sotheby's International Realty and we will be happy to help you find your next Colorado mountain home!

2010 Breckenridge Real Estate Year-End Market Overview

Over 1,180 properties sold in Summit County last year which is over a 10 percent increase from 2009!!! This a good sign that prices have stabilized and the market is starting to turn around! The average home sale price did fall about 8 percent which is good considering what the rest of the country looks like.

We are also seeing the total available inventory has dropped to normal levels which should increase demand and prices! Now is still the best time to get in on your new Breckenridge Real Estate property before prices start to go back up!

Summit County Facts:

$296,100... average sale price in at the beginning of the last decade - 2000

$513,100... average sale price in 2010 - a 73 percent increase.

Breckenridge Colorado maintains the feel of a historic mining town while offering resort-
like amenities and breathtaking Breckenridge real estate opportunities designed by nature
to fit every lifestyle. More than 4,000 people call Breckenridge home even though
thousands more visit the region to ski, snowboard and enjoy other winter activities. Other
pastimes such as hiking, biking and golfing are popular with amateurs and experts alike
during the gorgeous summer months.

Breckenridge real estate offers a wide variety of choices when it comes to finding the
right property. Luxury homes, mountain cabins, townhomes, condos and acreage are
available for home buyers looking to settle in this wonderful mountain town. To buy or
sell in the Breckenridge Real Estate area or any other area in Summit County, contact the
experienced real estate professionals at Ten Peaks Sotheby's International Realty.

If you would like more information about buying or selling in Breckenridge or any other
area in Summit County, contact the experienced local real estate professionals at Ten
Peaks Sotheby's International Realty. For Free listing alert updates check out our website
at www.TenPeaksSothebysRealty.com