According to Real Estate Guru Greg Rand, the Denver metro area is attracting an influx of young, educated people who are looking for places to live. Rand talks up Denver as one of the best places to invest in and profit from the housing market.
That’s good news for the Breckenridge real estate market, as the housing situation on the Front Range directly affects the Summit County real estate market. We’re already seeing positive results with single-family home sales in Breckenridge up 32% in 2011, with a corresponding 12% reduction in price. Condo sales in Breckenridge were up 38% last year, along with an increase in price of 12%
What are the numbers telling us? That now is a great time to buy investment property in Breckenridge, whether it’s a single family home, townhouse or condo complex. Mortgage rates are still relatively low and there is a lot of inventory in the Breckenridge real estate market. Plus, a great number of Denver’s new residents are going to be looking for rental properties in Breckenridge when they come up to ski or spend the summer.
If you’d like to know more about investment properties in Breckenridge, Colorado, email me at [email protected] or call me at (970) 390-9311.