Real estate in Breckenridge Colorado, the popular ski resort and former Victorian gold camp, is becoming increasing harder for developers and buyers to procure. Options for building sites for new Breckenridge CO real estate are dwindling fast. According to the Source 2009 Newsletter published by Breckenridge Associates, “The Breckenridge area is clearly approaching build out, and available land for development is at a premium.”
Only 20 percent of Summit County real estate is private property. Surrounded by the White River National Forest and other government-regulated lands, our homes in Breckenridge, Dillon, Frisco, Silverthorne, and Montezuma are nestled in a Rocky Mountain haven with six major Colorado ski areas. They include Breckenridge, Keystone, Copper Mountain, Arapahoe Basin, Vail, and Beaver Creek.
In addition to the scarcity of developable land, more people are seeking vacation homes and second homes. First, the nearby population of metropolitan Denver, about 85 miles to the east, continues to expand. Summit County is a convenient weekend-vacation spot. Secondly, baby boomers are only just beginning to drive the second-home and vacation-home markets. The top end of the generation has started retiring but the younger set, in its prime earning years, is out shopping for places to relax and to enjoy family memories.
Essentially, this is the right time to buy property here. Today, there are great values at every price point coupled with low interest rates. As build-out closes in, prices could very well begin surging as they did in Aspen. The Source reports, “There is still land available, beginning at about $120,000 for a home site.” We have empty lots, great places to build a family estate, dream home, duplex or fractional, or hunting cabin. Single-family homes can still be lassoed for about $400,000 and condominiums for $220,000. For those with distinctive taste, there are condominiums and townhomes for about $2M and single-family homes with exclusive appointments into the multi-millions as well.
With Vail Resorts sinking millions into mountain improvements and development of the Breckenridge Ski Resort bases and gondolas, the resort in certain to appreciate. A primary gondola accesses Main Street. That is where wonderful community events, art shows, festivals, and concerts are held annually and to celebrate our 150th birthday this year. Then we offer fishing in the Blue River, hiking and mountain biking over the Continental Divide and on the Colorado Trail, and many more exciting and relaxing activities for every age. Come build family memories with us.
Jonna Beardsley of Breckenridge Associates offers a wealth of information about Colorado Rocky Mountain real estate. Call Jonna at (970) 453-2200 for friendly, professional assistance.
