Yes, buyers. It is your time to have a say-so when shopping for real estate in Summit County, Colorado. Active residential listings of Breckenridge CO real estate alone have nearly doubled since 2007. Although Keystone CO real estate, Dillon, Frisco, Silverthorne real estate, and rural areas of Summit County CO real estate are also affected, from the vantage of the our Breckenridge Associates office on Main Street in Breckenridge—this is your time.
Not only do buyers of vacation homes in Summit County have a greater selection of properties right now but, according to the Breckenridge Associates Newsletter, sellers are generally more willing to negotiate with prices and concessions. First-time buyers are able to take advantage of the climate, too. A $7,500 credit is available for the purchase of a principal residence between April 9, 2008 and July 1, 2009.
And, those who are looking to someday retire to a dream home in the Rocky Mountains have a little squiggle room in the current market. Matter of fact, Breckenridge Associates has been on the leading edge of luxury real estate in Breckenridge for almost 20 years. They have represented a third of the transactions of $1M or more. In January 1995, they were involved in the sale of the first $1M home ever sold in Breck. By 2000, nineteen homes sold for more than $1M and in 2001 a condominium sold for $1M.
The first $2M home sold in 1997 and the first $2M condo sold in 2007. Also in 2007 records kept breaking, including the sale of a home for $4M, $4.7M, and $5M. Breckenridge Associates was involved in the sale of three quarters of the homes selling for over $3M. In 2008, the real estate team listed the highest-selling home of all time in Summit County at $5.5M.
Whether buyers are looking for “entry level” vacation properties in the outlying areas of “Colorado’s playground” or luxury ski-in/ski-out accommodations right on Peak 7 or Peak 8, this is the time to act. Our investment properties are only improving in value, trumped by the incredible beauty in the surrounding national forests, crystal clear mountain waters, unlimited recreational activities, and a wonderful cosmopolitan small-town feel. Buyers, this is truly a time to take advantage of opportunity.
Contact Jonna Beardsley of Breckenridge Associates at (970) 390-2533 for friendly and professional real-estate assistance.
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