Market News

  • First Time Home Buyer Tax Credit Extended

    Friday, July 2nd, 2010

    Homebuyers that were under contract to purchase a home by April 30 now get three additional months to close in order to qualify for the homebuyer tax credit; thanks to the U.S. Congress’ amendment and approval of the tax credit bill.
    Extending the deadline to September 30 ensures homebuyers can take advantage of the tax credit [...]

  • Summit County & Breckenridge Real Estate Market Conditions - May 18, 2010

    Tuesday, May 18th, 2010

    The busy real estate sales season is beginning in Breckenridge & Summit County and buyer’s market conditions still persist. Inventory has taken a significant upturn in the last two months. In mid-April there were 1615 listings in Summit County. Today there are 1641 real estate residential listings for sale in Summit County. [...]

  • More Summit County 2009 Real Estate Statistics

    Monday, February 15th, 2010

    The graph here on the right shows the 22 year history of dollar volume spent in the real estate markets of Summit County, Colorado.  There is a clear upward trend for the most part.  The effects of the Sept. 11 tragedy in 2002 and today’s economic conditions are clearly marked on the graph.  These two [...]

  • Summit County Real Estate out performs Vail, but not Aspen

    Tuesday, February 9th, 2010

    Summit weathers real estate slump with some big transactions
    Local real estate performed better than Eagle, Garfield counties
    By Robert Allen
    Summit Daily News
    SUMMIT COUNTY — The local real estate market in 2009 took a hit similar to nearby counties, but a few large transactions helped to soften the blow.
    The $107 million sale of Copper Mountain and the [...]

  • Vail Valley real-estate sales failed to reach $1 billion in 2009

    Saturday, February 6th, 2010

    Real-estate sales in Eagle County failed to top $1 billion for 2009 for the first time since 1996…
    …With 12 months of data now available, real-estate sales in 2009 were 42 percent down from 2008. The sales volume was even farther off the 2008 numbers, down 60 percent. Total sales volume for 2009 was just less [...]

  • Recent Sale - Highest Price Ever For A Lot In Breckenridge

    Thursday, February 4th, 2010

    This January is breaking the standards of slow markets and bad economies in Breckenridge. Shortly after a Breckenridge home sold at a new record high price of $8.3 million, the Breckenridge real estate market sold off its highest priced residential lot ever. Listed at $3,500,000 for well over a year, the lot next [...]

  • 2009 Summit County & Breckenridge Real Estate Statistics

    Sunday, January 24th, 2010

    2009 SUMMIT COUNTY REAL ESTATE SALES STATISTICS:
    Compared to 2008 Summit County Real Estate Sales Statistics
    Provided by Brook Roberts of Land Title Guarantee Company, Summit County Public Records, The Summit County MLS, and Keith Kirchner
    Residential Transactions – Down 32% to 1245 from 1834 sales in 2009
    Residential Dollar Volume – Down [...]

  • Breckenridge Real Estate Conditions in 2010

    Thursday, January 21st, 2010

    Into 2010, things look better, but the Summit County real estate market is tough to predict because of the massive national economic effects generating what is taking place. We’ve never seen anything quite like it before, but the results are common for any investment arena – a declining stabilization period after large period of growth. [...]

  • Breckenridge Real Estate 2009 Market Recap

    Thursday, January 21st, 2010

    QUICK REVIEW: For a real estate market with a 20-year average annual appreciation rate of 9%, real estate in Breckenridge during 2009 was out of character to say the least. As lending conditions become ever-more challenging, and the number of properties for sale increased, sellers had to reduce real estate prices to be [...]

  • Local real-estate market could be worse; recovery is uncertain

    Wednesday, January 20th, 2010

    Local real-estate market could be worse; recovery is uncertain
    Local Realtors’ perspectives vary on whether market has bottomed out
    By Robert Allen
    Summit Daily News
    Thursday, January 21, 2010
    SUMMIT COUNTY — After two years of falling prices and transactions for local real estate, local experts aren’t sure whether the Summit County market has hit its lowest point.
    “We probably have [...]

  • Summit County, Colorado Sees Increase In Foreclosures

    Friday, January 15th, 2010

    Local Property Foreclosures Up, But Well Below State And Nation
    Some 300 properties enter foreclosure process in 2009
    By Robert Allen
    Summit Daily News
    Friday, January 15, 2010
    SUMMIT COUNTY — The local property foreclosure rate for 2009 is up about 63 percent from 2008, but it’s only a few hundred homes and local Realtors aren’t especially concerned…
    …Of Summit County’s [...]

  • Largest Real Estate Sale in Breckenridge & Summit County History

    Sunday, January 10th, 2010

    This January, real estate in Breckenridge showed incredible signs of life with the largest residential sale in Summit County history. The ski-in / ski-out home at 382 Timber Trail Road sold for $1262/sq. ft. for a new record high price of $8,285,000 – a big jump up from the previous residential real estate record [...]

  • Highlights from the 2009 NAR Profile of Home Buyers and Sellers

    Sunday, December 20th, 2009

    Highlights from the 2009 NAR Profile of Home Buyers and Sellers

    NAR has recently released the 2009 Profile of Home Buyers and Sellers. The report compiles the results of 9,138 surveys returned by buyers and sellers who sold or purchased a home between July 2008 and June 2009. The surveys were sent to buyers [...]

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