Breckenridge Real Estate Blog

In the Rocky Mountain resort communities in Summit County Colorado (Breckenridge and Keystone included) today is a superb time to invest in second homes.  The prices for Breckenridge CO real estate and Keystone properties have been waiting for buyers to catch up.  Interest rates are at an all-time low. 

Real estate investments in Breckenridge and Summit County Colorado are sound.  Home prices are not dropping wildly as in many cities and resorts.  The local resort market is not overdeveloped or speculated as some are.  The Breckenridge area does not have lists of foreclosed homes and properties like some parts of the nation do.

Being surrounded by national forests, build out is just around the corner, at least for Breckenridge homes and real estate in our mountain valley.  If we look at the trend for other ski resorts such as Aspen, when they reach build out the prices skyrocket. 

Another great reason to invest in a second home in Summit County right now is that inventory has remained steady over the last couple of years, but there are half the buyers.  That means buyers have a wonderful selection.  It also means that buyers have a little bit of negotiation leeway with sellers—but not much.  Why is that?  Most realtors in Summit County work closely with our sellers, advising them where their current standing will be considering overall market prices from a buyer’s point of view.

Have prices dropped?  Yes…sufficiently because we have half of the buyers and twice the inventory.  These factors combined with the low interest rates make a second home investment in Breckenridge or Summit County an outstanding time to buy.

Buyers who come here from Phoenix or Las Vegas and expect to find a crumbling market are in for a few surprises.  Considering the appreciation in our land and real estate values, we have so some wonderful bargains.  However, most of our sellers are financially able to wait out the dip in the market and will not be interested in lowball offers.  They are not compelled to cut prices such as we see happening on the southeast coast of Florida.  Nonetheless, sellers want to sell and will work with reasonable buyers.  They may be able to offer prices from the 2007 era, which means a substantial savings for the buyers.

If we listen to logic and not to the naysayers today, we will stay on track by making sound investments for our future. 

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.