2019 Breckenridge, Colorado Market Recap
Brett Rudolph January 5, 2020
Brett Rudolph January 5, 2020
As we start the new year, you may be considering purchasing a property in Breckenridge, Colorado. As of January 2020, there are 177 residential properties for sale in Breckenridge, Colorado.
Regardless of the size, area, or price point you are looking in, the Breckenridge real estate market has something for everyone.
When analyzing the final 2019 numbers, we see an appreciating real estate market for Breckenridge, Colorado. There were a total of 639 sales in Breckenridge, which is down 88 sales or 12% from last year. While total sales were down, volume ticked up from $678M in 2018 to $710M in 2019, which is 5% increase in total sales volume. This is further evidenced by the increase in the average sales price across the county. In 2018, the average sales price in Breckenridge, Colorado, was $926,194 across all types of residential property (including Deed Restricted Property). In 2019, the average sales price increased 21% to $1,121,408.
From a macroeconomic standpoint, leading economic indicators remain strong. The Dow, Nasdaq, and the S&P are all at record levels, posting strong earnings. Unemployment is at 3.5%, and housing starts for November are at 1,365,000, up from 1,256,000 in September. While there are geopolitical headwinds, optimism remains strong due to earnings and the potential for a trade deal in the coming weeks.
Looking to purchase a property in Breckenridge, Colorado, or elsewhere in Summit County, Colorado? Let Brett Rudolph and Krystal Knott with Christie’s International Real Estate assist you in your search. Give us a call today at (970) 462-1416 or email us at [email protected]. We can’t wait to help you and your family find your mountain property!
This spring to enjoy our seasonably warm weather or to view Breckenridge CO Real Estate.
There are currently 4 condos for sale in the Village at Breckenridge starting at $389,000 up to $849,000.
The intimate dining room offers exceptional service to match the elegant atmosphere.
If you are looking for a dedicated broker who will not only put your needs first but will work hard to exceed your every expectation, give Krystal a call. She and her unmatched team of professionals are eager to show you that there is no better choice in Summit County to buy or sell your home.