Breckenridge Real Estate Blog

In Summit County Colorado today, real-estate investors and second-home buyers are finding compelling values for Breckenridge real estate, Keystone ski properties, Silverthorne CO condos, and vacation properties near Copper Mountain. 

Real-estate buyers continue to value the Breckenridge and Summit County region as a world-class destination—even while cruising through the choppy waters of the current U.S. economy.  Their confidence is boosted by the determination of Vail Resorts to move forward with continuous multi-million-dollar resort improvements including expanding terrain, updating lifts, and adding amenities to their Breckenridge and Keystone resorts.

Now is the best time to buy a home in Breckenridge, to move up, and to invest in a place with great rental potential.  Thanks to the normal market correction and to the erratic state of the United States economy, inventory levels are beginning to fall and prices may start increasing.  And here’s why. 

The economic downturn has affected buyers in Summit County far less than other areas of America.  Almost three quarters of property owners here are absentee owners who can afford to invest here, to hold on to their properties, and who desire resort services and amenities that complement their lifestyles. 

Our resort market has therefore seen steady price appreciation for decades.  During a typical correction in the market like we saw in 2001 and see now, prices level off.   Some 2007 prices have carried into 2008 and 2009 but these corrections usually only last 12-24 months.

We do not have large numbers of owners affected by subprime loans but we do have some sellers who are in financial need or who need to sell and they are willing to haggle.

In recent years, inventory levels have been up 50 to 70 percent after builders and developers furiously constructed a variety of new homes and condominium developments to keep up with the increasing demand for resort properties.  This existing inventory offers buyers a great selection. 

However, available inventory has started to decline and declining inventory is one of the first signs that real estate is recovering.  Sales, expired listings, and properties removed from the market reduce the inventory which usually causes prices to increase again.

With many people being fed up with the stock market, and real estate continuing to be a stable long-term investment, buyers may soon find competition for the great values.  Those buyers willing to move now will find the best selection and best prices.

Jonna Beardsley of Breckenridge Associates offers a wealth of information about real estate in the Rocky Mountains.  Call Jonna at (970) 453-2200 for friendly, professional assistance.