May Market Update: Real Estate In Breckenridge Colorado
In some ways this month’s market update is similar to the state of Summit County’s real estate a year ago. The number of properties that have been sold so far this year is identical to this time last year. Quite simply, it’s flat.
However, although the sales are the same, I have some good news about the selling prices. Throughout the county, the average price of sold residential properties is up by 5.9 percent.
In fact, Breckenridge tops the list of Summit County towns when it comes to the amount of properties that have sold and the respective prices. At this time, the number of sold properties has risen to 10.6 percent and the sold amount is up at 5.8 percent. It’s great to see, especially if you are looking to enter the Breckenridge Colorado real estate market as a seller this year.
By looking at the county overall, a different picture emerges. The north side is experiencing a downturn in sales by 8 percent with prices flat or up only by just .5 percent. It’s a very different real estate landscape on the south side however. Sales are up 11 percent with a price growth at nearly 6 percent.
I’m always intrigued by the many rhythms of real estate in Breckenridge, and things can change between now and our next market update. You can count on me to make sure you’re informed of the latest happenings. Stay tuned!
Contact Me For More Information
When you’re getting ready to buy or sell a home, the most current market reports are always an important resource. Just remember that Breckenridge real estate can change fast so be careful not to draw conclusions based on one market update.
If you’d like to view homes that are for sale in Breckenridge or any other Summit County town, I’m happy to put together some properties that might suit your needs. Feel free to browse through the updated listings on my website as well…then we can talk about the homes that interest you together.
Or if you’re ready to put your own home on the market, I can help you with that process, too. When you’re ready to talk through your options or schedule showings, contact me at any time via email ([email protected]) or on my office line. I look forward to working with you!