In Breckenridge, fall time was still showing momentum for the real estate market. There were 22 single family homes sold in the month of October. At the end of October, the single family market was up almost 12% compared to the same time as last year. The condo market has been doing fantastic this year. In the month of October, 38 condos sold in Breckenridge. The condo market is ahead almost 50% compared to last year. Three duplexes and 9 townhomes sold last month compared to only 5 duplexes and 4 townhomes in October 2012. As of November 7th, there were 88 pending residential properties in Breckenridge. Although the number of transactions and dollar volume are increasing year over year, the average sales price continue to remain steady or in some cases, decline. At the end of October, the average sales price for a condo in Breckenridge is remaining stable at 4.35% above last years average sales price ($423,156), while the single family homes average sales price is down 8.49% at $803,917.
Most residential property in Breckenridge is on track to outperform 2012.
Summit County Statistics
In Summit County, the total residential properties sold at the end of October 2013 came in at 21% ahead of last year. For the month of October 2013, there were 64 single family homes sold, 15 duplexes sold, 105 condos sold, and 23 townhomes sold. In 2012, the monthly sold data was very similar. The number of single family homes sold at the end of October 2013, was about 8% ahead of last year and the condo market was ahead 35%. As of November 7th, there were 246 pending residential properties throughout Summit County. Summit County's average sales price has remained stable or has seen a decline since last year. At the end of October, the average sales price for a condo in Summit County is remaining stable at 1.36% above last years average sales price ($348,328), while the single family homes average sales price is down 4.14% at $516,405.
Please contact your Realtor at Breckenridge Associates Real Estate to learn about real estate in Breckenridge and Summit County, Colorado. Call us at, 800.774.7970 or 970.453.2200. Click here for the latest news about Breckenridge Real Estate.