First comes the love of skiing, then the love of homes in Colorado’s summertime playground—all followed by the decision to buy Breckenridge real estate or investment properties in Summit County, Keystone, Silverthorne, and picturesque Blue River or Park County CO homes.
How does Breckenridge CO real estate captivate outdoors enthusiasts? Skiers, hikers, and golfers are fascinated by the quaint Victorian village of Breckenridge nestled into the absolute beauty of the Rocky Mountains. And, “No heat, no bugs, no humidity!â€
Summit County is the right place to fulfill all three desires of second-home shoppers. The prevailing second-home buyers are predominantly baby boomers in their peak earning years. They want:
    1)   Vacation homes for family use
     2)   Investment properties that will increase in value
    3)   Places to retire.
When they fall in love on annual vacations, people begin to percolate the idea of investing in second homes for future family vacations. Why not invest in a home, condo, or fractional in an attractive resort that continues to keep its value and charm? Some people jump in right away, investing now for a later family vacation home or even retirement. Others poke around for a few seasons looking for bargains. With today’s low interest rates and good prices, there are plenty of bargains available right now.
Over the past 15 years, resort real estate in Summit County has maintained an average 12.1 percent annual appreciation rate. With only 20 percent of the property in Summit County privately owned, the area is approaching build out which will trigger rising property values. Then, too, growing population along the Front Range is feeding the demand for vacation homes in the Rocky Mountains.
Over the next decade, millions of baby boomers will be driving the second-home market to record sales by investing in vacation homes and investment properties. Most boomers will purchase family vacation getaways to enhance quality of life. According to an article entitled, “Many Happy Returns†published in our Breckenridge Associates Newsletter, the aging population is “determined to remain active and challenged, and to find discovery and personal reward.â€Â
Second homes in our resorts are known to help families to interact in meaningful ways. They become the centerpieces of family gatherings and traditions. [To be continued]
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.
