Sunday, November 10, 2013

Local Real Estate Statistics: October 2013 versus October 2012

Fall was another great month for real estate here in Summit County and Breckenridge.

Breckenridge Statistics

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.






Friday, November 8, 2013

Breckenridge Opening Day!

The lifts are starting....here's to a great ski season ahead!

Wednesday, November 6, 2013

Breckenridge Transfer Tax

Recently, Breckenridge Associates Real Estate was notified by Land Title Guarantee Company that the Town of Breckenridge and closing companies are running into many situations regarding the conveyance within the town limits that has a transfer tax paid or stamped exempt. This issue is arising on all deeds, even Quit Claim Deeds.

The Town of Breckenridge is going back 6 years, and if there is any deed that is not stamped exempt or the transfer tax was never paid on any type of conveyance, the town is not allowing the title companies to pay the new owner's transfer tax or have the new deed stamped exempt until all previous deeds have been taken care of with the town. Closing entities will not be able to close a transaction that has any of these outstanding deeds that were not stamped exempt from a prior conveyance or transfer tax paid, until the issue has been resolved with the Town of Breckenridge prior to closing.

To review the Town of Breckenridge Ordinance and Guidelines, go to www.TownofBreckenridge.com, "Real Estate Transfer Tax."

Please contact your Realtor at Breckenridge Associates Real Estate to learn about the issue regarding the Town of Breckenridge transfer tax in Breckenridge, Colorado. Call us at, 800.774.7970 or 970.453.2200. Click here for the latest news about Breckenridge Real Estate.



Secret Stash: Planning Your Thanksgiving Week in Breckenridge

Celebrating a holiday with family and friends in the mountains is something special.  Thanksgiving week kickoffs the holiday season in full-swing.  Along with the holidays, comes the ski season.  So this year, plan your Thanksgiving week in Breckenridge, enjoying the turkey and cranberry sauce, cozying up next to a fire with a mug of apple cider, and some great skiing!

A Thanksgiving to Remember...

Thanksgiving is late this year, November 28th.  The ski conditions should be pretty nice.  Hopefully the snow god, Ullr, will be friendly this year, providing an abundance of snow.  During the day, hit the slopes early and enjoy some turns while others are watching football and hanging out with the family.  Burning some extra calories on Turkey Day never hurts when it comes to your second helping of turkey, mashed potatoes, and the pumpkin pie!  Breckenridge Ski Resort is going to try and have Peak 9, in addition to Peak 8, open in time for Thanksgiving week.  This will provide plenty of terrain to explore.

If you are staying in Breckenridge and you are not able to cook your family's traditional meal, don't worry.  There are several options when it comes to a great Thanksgiving meal.  Thanksgiving week, the SummitDaily will have some great recommendations. And don't forget, you can always contact your Realtor at Breckenridge Associates and get their opinions on a great place to eat.  If you are cooking at home, make sure to grab your turkey early in the week.  CityMarket shelves empty early and the birds fly off quickly!

Come enjoy Main Street the day after Thanksgiving and get started on your Christmas shopping.  Main Street, Breckenridge is lined with cute boutiques, speciality shops, and so much more!  Make sure to stop by Breckenridge Associates Real Estate at 229 S. Main St. for a cup of coffee or hot chocolate.

Hope you consider making your Thanksgiving holiday special.  Please contact us to learn about spending your holidays 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.

Happy Turkey Day!

BRECKENRIDGE REAL ESTATE HOT LIST: NOVEMBER 2013 TOP 5

Each month Breckenridge Associates Real Estate features our Top 5 Real Estate deals around the county. Ski season has officially started and the town is starting to look the part- snow covered mountains and the town is bustling with people. Peak 8 opened on November 8th and the snow keeps on falling. Here are our Top 5 real estates deals to kickoff a great ski season.




181 Red Fox Drive, 39 Degrees North Subdivision
$849,000
4 bedroom, 4.5 baths
GOT VIEW? Arguably the most stupendous view in all of Summit County. Supremely private, backs to National Forest, this thoughtfully crafted home features main level master, granite, Wolf & SubZero kitchen, vaulted greatroom, and a soaring stone fireplace. Splendid guest quarters and room for the whole gang. Automatic Back-up Generator system. Insane view of Summit's only 14'er! Lot next door is also available for $179,000.

891 High Point Drive, Breckenridge Heights Subdivision
$469,000
4 bedroom, 2.5 bath
Classic ski cabin has apartment too! Serenely tucked on a gentle lot surrounded by towering old-growth spruce, this is vintage Colorado! Vaulted ceilings, bright and airy. A one bedroom apartment can help with consistent cash-flow-rents for $650-$700/month! Rare opportunity for locals or second homeowners to dress-up this ski home and bring it to its full potential.

513 Primrose Path, Unit 513 Chimney Ridge Subdivision
$499,000
2 bedroom, 3 bath
Super convenient location allows for an easy walk of about 150 yards to the chairlift. Second bedroom has private bath. There is a 3/4 bath on the living level which makes the living room work for overflow guests. Good rental numbers. Kept up and updated over time.  It was re-painted this spring! Master bathroom got a new jetted tub and new shower and shower doors, marble, and so much more! Ready for you to move in NOW!

166 South Fuller Placer, Unit 4 Woodglen Subdivision
$299,500
3 bedroom, 2 bath
This 3 bedroom plus a loft is a south facing end unit, that has amazing views and a large deck. Easy access to the bus stop- take it to town and skiing.  Hiking and biking trails out your front door.  Instant income with good long term renters in place.  Hardwood floors, washer and dryer in the unit, a carport and excellent space make this property a great value for an investment or primary residence.

1344 Settlers Drive, White Wolf Townhome
$759,000
3 Bedroom, 2.5 Bath
Backs to Breck Nordic Center! This is the location you want at White Wolf. Gorgeous 3 bedroom townhome in a tranquil setting. Beautifully remodeled kitchen with stainless steel appliances, granite counters and stylish backsplash. Spacious master bedroom with walkout and gas fireplace. Enjoy some quiet time on the deck or ski, bike or hike from your back door! Walk to slopes or town or hop the bus.

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.

Get Your Coffee Mug!

Wake Up Breckenridge:
Tomorrow, November 7th, at 7 a.m. the tradition continues. Breckenridge Ski Resort will be providing free coffee mugs throughout town. This years mug will feature Peak 6. Get them while supplies last. Visit www.Breckenridge.com/Wake-Up-Breck to find participating locations.

Tuesday, October 29, 2013

Peak 6 Scavenger Hunt

Opening day is just days away. 2013/2014 is looking to be a stellar season with a lot of new things. This year, the resort has schedule several events to get the locals and visitors involved before opening day is even here. Cheers to a great ski season ahead!

Six Days of Sixes Scavenger Hunt:
This scavenger hunt will have participants searching six different counties for trophies carved out of wood. The trophies will look like the Peak 6 logo and will be located next to some of Colorado's most well-known landmarks. If you are interested, the resort will start posting on social media on November 2nd (@breckenridgemtn). If you come across one of these trophies, take a picture next to it and post it. If you are the first one, you are the winner! Winners will be able to take the first chair on the opening day of Peak 6, along with getting fresh tracks on the new terrain. It should be a really memorable opening.

For a full list of opening day events and activities, please visit, www.Breckenridge.com.