Market Update - Breckenridge and Summit County update - July 2020
June and July have certainly seen a healthy rebound from the quieter months of April and May. Here is a snapshot of the activity over the last 7 days.
53 properties sold - of these 3 were over $1.5m
107 properties went under contract - of these 12 were over $1.5m / 3 were over $3m
84 new listings
861 active residential listings - right about the same as this time last year
491 active land listings
Jumbo loans are tight at the moment (loans over $510,400) - this means that the majority of higher priced homes are funded by cash or private funding channels. Properties that are selling under $1.5m are taking advantage of the low priced interest rates and cash.