Breckenridge Associates
Real Estate

The historically low mortgage rates sank even lower in November, setting records for both 30-year and 15-year fixed rate loans. According to Freddie Mac, the 30-year fell to 3.31% from 3.34% in mid-November. The 15-year rate averaged 2.63% compared to 2.65%. The current conditions mean it may make sense for current mortgage borrowers and new home buyers to look at shorter-term loans. An example of how the numbers add up follows: Homeowners currently paying off 30-year loans with rates of 4% spend $1,098/month in mortgage payments on a $200,000 balance, paying total interest of $143,739. Refinancing at 2.63% for 15 years would cost them $250/month more, but they would end up paying just $42,250 in total interest and their payment years would end earlier. Refinancing into another 30-year loan at 3.31% would cost homeowners only $877/month, saving $221 from the existing loan. But the total interest paid would come to $115,725 over the life of the loan. This is

Our monthly stats reports on local real estate  have shown steady growth year over year in Breckenridge, Summit County and Park County sales transactions.  We’re confident the local real estate market is well on its way to recovery and it only helps to take a broader look at what national real estate experts have to say about the housing market nationwide. Recovery of the housing market should continue through the coming years, assuming there aren’t further limitations on the availability of mortgage credit or a “fiscal cliff” according to forecast presentations at a residential forum at the 2012 REALTORS® Conference and Expo. Lawrence Yun, chief economist of the National Association of REALTORS said the housing market clearly turned around in 2012. “Existing-home sales, new-home sales and housing starts are all recording notable gains this year in contrast with suppressed activity in the previous four years, and all of the major home price measures are showing sust

Welcome to holidays in our winter wonderland of Breckenridge. We can't think of better place to ring in the new year than our own Summit County home. Breckenridge, Keystone and Copper are here to help make ringing in the new year extra special with fireworks, torchlight parades and typically lots and lots of snow. Happy New Year! Breckenridge Ski Resort Bring in the New Year with a boom! Watch a spectacular array of fireworks, going off between Peak 8 and Peak 9. You can find best visibility from downtown Main Street. Catch the Torch Light Parade flowing down the Breckenridge Ski Resort.  6pm, Torchlight Parade Visit  www.breckenridge.com  for additional event information. Keystone Ski Resort 6pm,  Lake side Village Fireworks 7pm,  River Run Village Torchlight Parade 9pm,  Head for the Hills Concert at Warren Station (All ages show.) Tickets $18 in advance, $20 at the door. Purchase tickets here. 10pm,  Lakeside Village Fireworks Visit  www.keyston

The bigger and better Dew Tour will feature the world’s top freestyle skiers and snowboarders as they converge in Breckenridge to kick off the first major event of the winter action sports season. The only winter event of the 2012 Dew Tour will feature more competitions, including ski and snowboard Big Air, as well as a Film Night and concert that will take over downtown Breckenridge. The Dew Tour Mountain Championships will feature many of Breckenridge's world-class team skiers and riders. Freeski Men’s Slopestyle: Bobby Brown, James Woods 
  Freeski Men’s Big Air: Bobby Brown 
  Freeski  Women’s Slopestyle: Keri Herman, Anna Segal 
  Snowboard Men’s Pipe: Zach Black, Brett Esser 
  Snowboard Men’s Slopestyle: Eric Willett 
  Snowboard Men’s Big Air: Eric Willett 
  Snowboard Women’s Pipe: Arielle Gold 
  Snowboard Women’s Slopestyle: Silvia Mittermuller  Freestyle skiing events will see the athletes sizing each other up after an off-season spent training for on

Welcome to the Top 5 Real Estate Deals for December 2012. It  remains a terrific time to be a buyer in our market with a great  selection of well-priced properties and continued historically low  interest rates. Whether you’re considering a beautiful ski-in, ski- out private home on the slopes of Breckenridge or an income  producing condo in the core of Keystone Village, you’ve come  to the right place. So let’s take a look at a few of the exceptional  values on the market today. And, now for our Top 5 Real Estate Deals for December 2012. 1.)  Silver Mill Condo, Keystone    First, let’s check out the least expensive 2 bedroom, 2 bathroom property in the core of Keystone’s River Run Village. Within a couple hundred yards of the Keystone Gondola, this Silver Mill Condo is listed fully furnished. The current owners have never rented the property, so it’s in immaculate condition and ready to go. There are 2 hot tubs onsite and an outdoor heated po

November 2012 Breckenridge Residential Sales Breckenridge sales included 31 Single Family Residences, 2 Duplexes, 24 Condos and 6 Townhomes for a total of 63 transactions for the month.  Summit/Park County Residential Sales Summit and Park County sales included 66 Single Family Residences, 6 Duplexes, 81 Condos and 19 Townhomes for a total of 172 transactions for the month.  November 2011 Breckenridge Residential Sales Breckenridge sales included 21 Single Family Residences, 2 Duplexes, 30 Condos and 3 Townhomes for a total of 56 monthly transactions. Summit/Park County Residential Sales Summit and Park County sales included 48 Single Family Residences, 6 Duplexes, 68 Condos and 16 Townhomes for a total of 138 monthly transactions. Please contact your Broker at Breckenridge Associates Real Estate to learn more about the incredible opportunities available today in Breckenridge and Summit County, Colorado. 800.774.7970 or 970.453.2200. Click here for the latest news abou

October 2012 Breckenridge Residential Sales Breckenridge sales included 20 Single Family Residences, 5 Duplexes, 32 Condos and 4 Townhomes for a total of 61 transactions for the month.  Summit/Park County Residential Sales Summit and Park County sales included 60 Single Family Residences, 13 Duplexes, 101 Condos and 16 Townhomes for a total of 190 transactions for the month.  October 2011 Breckenridge Residential Sales Breckenridge sales included 20 Single Family Residences, 3 Duplexes, 18 Condos and 8 Townhomes for a total of 49 monthly transactions. Summit/Park County Residential Sales Summit and Park County sales included 53 Single Family Residences, 12 Duplexes, 55 Condos and 20 Townhomes for a total of 140 monthly transactions. Please contact your Broker at Breckenridge Associates Real Estate to learn more about the incredible opportunities available today in Breckenridge and Summit County, Colorado. 800.774.7970 or 970.453.2200. Click here for the latest news a

UPDATE: This event has been postponed. Please check back for dates in February or March. The 5th annual Breck Snowflake Challenge brings snow sculpting back to its roots and onto the streets of downtown Breckenridge again this December. It's a fun kick-off and warm-up to the International Snow Sculpting Championships event in January. Sculpting sites throughout Main Street and downtown Breckenridge truly come to life over the course of the competition with amazing creations, adding to the beauty and surroundings of our perfect mountain town.    The Breck Snowflake Challenge is produced by Breckenridge Associates Real Estate and the founders of Breckenridge’s International Snow Sculpture Championships as a means to develop a new generation of snow artists. This is a grassroots movement to truly showcase the work of Summit County locals. Three of the artists competing in past Breck Snowflake Challenges have gone on to be members of "Team Breck" at the International Snow

Fannie Mae’s economists expect home sales to increase approximately 9 percent this year from last year’s levels. Their team of experts believe home prices hit bottom earlier this year. They state, record low mortgage rates and the Federal Reserve’s latest round of mortgage backed security purchases combined with current pricing will likely bring more buyers into the housing market.   Nationwide, they’re expecting sales will round out at 4.98 million this year and increase to 5.19 million units next year (for the first time in years). Fannie Mae’s team is estimating a rise of 2.9% in prices.   Locally, we’ve experienced year over year sales growth in Breckenridge as well as the Summit and Park County markets. Breckenridge has grown 10% in residential real estate sales over last year through October and Summit and Park County has experienced 18% growth. Now is the time to buy real estate! Are you interested in learning more about real estate opportunities in Breckenridge, Sum

Winter is here with all of Summit County ski resorts welcoming the start of ski season. Breckenridge opened this past weekend, and Keystone, A Basin, Copper and Loveland have their lifts churning for the winter too. Bring on the snow! If you are considering spending more time in the mountains this ski season by purchasing a home in Breckenridge, Summit or Park County, now is the time to buy. Call Breckenridge your home this winter. And, now for our Top 5 Real Estate Deals for November 2012. 1.) Whitewolf Unit 25, Breckenridge  This townhome is located just below the base of Breckenridge Ski Resort's Peak 8 and adjacent to the Breckenridge Nordic Ski Center. On the bus route with easy access to town and the slopes. The owners bought the home for $825,000 in 2007 and subsequently spent over $150,000 on upgrades including a second garage addition. $749,000                         Whitewolf Unit 25, Breckenridge 2.) Los Pinos Unit B11, Breckenridge Our second pro

This past spring, we reported on a bet the legendary investor, Warren Buffett, made on the U.S. Housing Market. In the article,  Buffett stated he would buy up a million homes if possible .  He voiced his confidence in housing coming back and addressed positive shifts in real estate. Now, continuing to show his faith in the US Housing Market, Buffett has been buying up real estate brokerages around the country. Along with partner Brookfield Asset Management, Berkshire Hathaway HomeServices is a new franchise brand in residential real estate. A press release says the brokerages that will make up the new company did a combined $72 billion in sales in 2011.   Buffett has been public about his bullish housing call for a while as he's built his residential real-estate brokerage business, but this is a big addition. Read the full Business Insider article here. Now is the time to buy real estate! Are you interested in learning more about real estate opportunities in Brecken

In the early-to-mid 2000s, when our resort economy was growing at a rapid pace, many homeowners were dreaming of that second home purchase for vacationing or retirement. However, during this time housing prices skyrocketed and grew out of reach for many. Those same homes you may have eyed in that time period deserve a second look in today’s economy. Prices have since dropped in our local market. Interest rates combined with great deals may have now turned your dream home into a bargain. This table shows the difference in home prices and mortgage rates from 2006 compared to today. *Freddie Mac Rate Suddenly this may place your dream home back in reach. Now is the time to buy! Are you interested in learning more about real estate opportunities in Breckenridge, Summit and Park Counties? Contact us today and let us help make your dream home a reality. Please contact your Broker at Breckenridge Associates Real Estate to learn more about the incredible opportunities available tod