As the ship of United States economy bows down in the stormy waters, Breckenridge Colorado properties continue to gain value. Moreover, over a ten-year period Breckenridge real estate has outperformed the Standard & Poor 500, the five-percent return rate, and the average amount for property sales in the U.S. When looking at the comparative data displayed on a graph, the performance of real estate in Breckenridge is actually astounding.
In the long term, real estate values throughout all of Summit County are steadily climbing. There have only been one or two periods of leveling off in the past ten years, depending on the area of Summit County being charted. The most difficult year was 2002 after the September 11 attacks upon the nation. During the majority of this decade, property values realized double-digit appreciation.
In contrast, the average return on money invested ten years ago in the stock market did not even keep up with the 5-percent conservative investments. It increased in value just over 110 percent of the original investment—including reinvested dividends. Dollars invested in real estate at market value since 1998 (without rental income) increased over 175 percent in the U.S. market and over 275 percent in the local resort market.
With 25-percent annual increases in property values, our quaint Victorian Town of Breck stood out in the crowd during the period of 2005-2008. Today, we find that resort real estate is emerging as one of the safest, most secure tools for building wealth that is available in our nation. Due to the continuing turmoil in the national economy, the projected slowdown of appreciation rates for 2009 turns this year into a rare opportunity for buyers. Prices are right for investing in the next 10-year cycle. It will help your ship move into calmer waters.
Jonna Beardsley of Breckenridge Associates offers a wealth of information about real estate in the Rocky Mountain region. The brokers at Breckenridge Associates Real Estate own the business and work together with an uncommon dedication to their clients, the industry, and the community resulting in top performance in the resort areas for decades. Call Jonna at (970) 453-2200 for friendly, professional assistance.
