Breckenridge Local Updates, Real Estate News & Market Trends

You’ll find our blog to be a wealth of information, covering everything from local market statistics and home values to community happenings. That’s because we care about the community and want to help you find your place in it. Please reach out if you have any questions at all. We’d love to talk with you!

May 21, 2020

April 2020 Market Analysis

April 2020 Market Analysis 

Please note that Land Title data comes from actual recorded transactions at the County Clerk and Recorder’s Office for that particular month. The information is not directly related to MLS data. The data is an unofficial tabulation of Summit County Records that are believed to be reasonably accurate. Source of data - Land Title Guarantee Company

The COVID-19 Pandemic in Summit County Impact began on March 15, 2020 with the immediate mandate on the ski area closures. In April 2020, a Shelter in Place ordinance in Colorado occurred in order to contain the COVID-19 locally and statewide.

  • Market Analysis by Area for April 2020: There were a total of 92 transactions and $63,531,993 in monetary volume. The average transaction price for all 18 reported areas, plus Deed Restricted transactions, was $704,135, average residential price was $705,777 and average residential PSF was $530.
  • YTD 2020 Market Analysis by Area (4 months): There were a total of 485 transactions, and $370,425,928 in monetary volume. The average transaction price for all 18 reported areas is $779,951, average residential price was $828,203 and average residential PPF was $530.
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May 5, 2020

Latest market news May 2020

With Breckenridge opening up for some business activity this week, there is a noticeable amount of increased traffic on the streets and foot traffic on the sidewalks. Whilst nothing like the normal amount of people it does mark a shift from the previous 6 - 7 weeks. 

The new regulations do allow for us as realtors to show property, although we are not allowed to host open houses for obvious reasons. 

I am sure that many of you are wondering what the market is doing up here in the high country. Below is a graphic of activity in the last 7 days. 

It is worth noting that of the sold and pending (gone under contract properties), the following stats are interesting;

Sold properties in the last 7 days - 34 sold, of which 28 were under 1 million dollars
Pending properties in the last 7 days - 44 went pending, of which 38 were under 1 million dollars

The activity has been primarily in the sub $1m range. 

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May 1, 2020

Wellness in Breckenridge

STAYING WELL IN BRECKENRIDGE
 

Hello, I hope this email reaches you in good health. We have just entered our 7th week of shut down and we as a family have got into a routine that means the days pass surprisingly quickly. We are embracing the family time, making sure we stay connected with our relatives in the United Kingdom and also with friends and clients - thank goodness for all the technology we have that makes this so easy.

Living in an active environment has meant that keeping our mobility levels whilst respecting the order to isolate has led to some real positives. Amanda, my wife, has just completed a 30 day yoga routine with our kids. Whilst some mornings were a struggle to get the children motivated, they did very well and had a real sense of accomplishment when the final and 30th session was completed. 

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May 1, 2020

Interesting Real Estate Articles -COVID

I found these articles that I read over the weekend interesting. Let me know your thoughts as it is always very good to get feedback. 


COVID-19 paused the housing market. What happens next?
Reports suggest home prices are unlikely to move.https://apple.news/Ai-NZQg2AS7GE4Ji2xr7QNg

Americans at all wealth levels down on stocks, say this is best investment
The coronavirus economic shock has left Americans downbeat about stock investing even after the major market rebound off March lows. Americans say real estate is the best investment, according to Gallup.
https://apple.news/ANXCWuUKrRieLUSO0jvxRqw

Stay well, James. 

March 28, 2020

Stunning Drone Footage - 377 Four O'Clock Run Road

 

Stunning Peak 8 Home
$3,395,000
Ski in / Ski out proximity to ski resort
7 Bedrooms | 5 Bathrooms | 5,190 SqFt

DRONE TOUR - CLICK HERE

Stunning location and proximity to the ski trails set this 7 bedroom and 5 bathroom Peak 8 home apart. Genuine ski-in / ski-out neighborhoods are rare in Breckenridge. Enjoy the Breckenridge lifestyle in this fabulous home. Built in 1982 with a clean and well-planned 5190 sqft floorplan. Vaulted living room / dining area offer generous space to entertain, enhanced by the two grand fireplaces. Uniquely featuring three master suites. Family room with pool table and adjoining full bar room.

March 27, 2020

COVID-19 economic relief package

I found this information release from the National Assoc of Realtors to be a very useful resource for understanding the relief package that was signed by Congress today. Please do let me know if you have any questions. Click here to view the PDF document.

Posted in real estate news
Feb. 1, 2020

Breckenridge Discounted Lift Tickets

Thanks to early snow that keeps on falling, the 2019-2020 winter season promises to bring many skiers to Summit County. But cost can be a stumbling block, so your Breckenridge Associates Realtors thought you might like a little ‘how-to’ guide for finding the best discounts for skiing or riding this winter at Summit County’s top-rated ski resorts.

Call the ticket office:

You won’t find this option advertised online, but if you’re willing to wait until noon or 2 p.m. to hit the slopes there are ‘day-of’ discounts to be had. This is the perfect alternative for those who want to sleep in, have a leisurely brunch and get in lift line when many skiers who got out early are thinking about lunch on the mountain. Pricing is available over the phone or at the window. Breckenridge’s ticket office number is (970) 423-7097.

Plan ahead:

Buy tickets online, in advance:
Online prices are 25 to 48 percent lower than when purchased at the ticket window. The biggest discounts apply to purchases made seven days in advance, but discounts apply even on day-of purchases, as long as tickets are bought online. 

The EPIC passes are by far and away the best value ski passes for skiing at Breckenridge ski resort. Normally these heavily discounted lift tickets are on sale from the end of the ski season through about Thanksgiving. Offering the full EPIC pass that allows access to all the ski resorts owned or managed by Vail Resorts, to many other season pass options and multi-day lift ticket options - Be sure to check in with the Breckenridge ski resort website in the spring for these options - breckenridge.com

Military discount:
Our Summit County ski resorts honor the service of our valued military personnel. That means both active duty and retired military receive great discounts at Breckenridge. Tickets are $113/adult, $73/child (12 and under). Immediate family with dependent ID may also receive the discount. Tickets must be purchased at the ticket window and you will be asked to show your military ID. Keystone also offers these steep discounts; inquire with their ticket office for pricing: call (970) 423-7118.

Love Summit County skiing so much that you find yourself wishing to spend more time here? Maybe this is the year you consider taking advantage of great market conditions and favorable mortgage rates that make purchasing property more attractive than ever. There are opportunities for good investment properties as you think about the future, as well as a home or condo that will allow you and your family to spend more time enjoying everything the winter—and every other season—offers in the mountains. Is this the year you make Breckenridge your happy place?

Dec. 10, 2019

Carbon Monoxide: A deadly danger

With winter coming on to cool much of North America, it’s worthwhile to address a potential hazard that arises with increased use of fuel-burning appliances such as furnaces and water heaters: carbon monoxide. Carbon monoxide (CO) is an odorless, colorless gas produced by the combustion of fuels such as natural gas, oil, and propane in devices including furnaces, water heaters, and stoves. These items are designed to vent the CO to the outside, but harmful interior levels of CO can result from incomplete combustion of fuel, improper installation, or blockages, leaks or cracks in the venting systems. Very high levels of CO can lead to incapacitation or death, with victims sometimes never having been aware they were being poisoned.
Homeowners can take action against potential carbon monoxide poisoning by taking the following steps:
  • Never use a gas stove or oven to heat the home, even temporarily.
  • Have all fuel-burning appliances professionally inspected annually, preferably before the start of the cold weather season when heaters and furnaces are first used.
  • These appliances include gas stoves and ovens, furnaces and heaters, water heaters and gas clothes dryers.
  • All such devices should be properly installed and vented to the outside.
  • If repairs are necessary, have them performed by a qualified technician.
  • Always use the proper fuel specified for the device.
  • Have flues and chimneys for gas fireplaces inspected regularly for cracks, leaks, and blockages that may allow a buildup of CO to occur.
  • Do not start a vehicle in a closed garage or idle the engine in the garage even when the garage door is open.
  • Gasoline-powered generators and charcoal grills must never be used indoors.
  • Purchase a CO detector (either battery operated, hard wired or plug-in) and follow the manufacturer’s instructions for proper location and installation.
  • Installation of working CO detectors in residential properties is now required by law in most states.
  • Learn what to do if the CO alarm activates. If anyone in the home experiences symptoms such as fatigue, dizziness, blurred vision, nausea, or confusion, everyone should leave immediately and seek medical attention. If no symptoms are felt, open doors and windows immediately and shut off all fuel-burning devices that may be potential sources of CO.
Enjoy the comfort and safety of home this winter and all year long.
Posted in Home Safety
Dec. 5, 2019

Ullr Fest | December 11-15, 2019

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Dec. 5, 2019

Mortgage Rates Looking Forward

Mortgage Rates Looking Forward

Current U.S. Mortgage rates are favorable and top economists predict that rates for the end of 2019 will average between 3.8 percent and 4 percent for 30-year fixed rates. According to Freddie Mac, only one year ago in 2018, a 30-year fixed rate mortgage was 4.81 percent, thus showing a sharp decline in today’s rates. It’s interesting to note that in a year-over-year comparison for the week ending November 21, 2019, 30-year rates stood at 3.66 percent. In addition, mortgages have shown a steady decline throughout 2019, with the historic low for 30-year rates at 3.31 percent in November 2012.

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