Breckenridge Associates
Real Estate

We're proud to be a part of the Breckenridge Festival of Film as they enter into their 29th annual film festival, June 11-14. Following is the media alert that went out yesterday from  the Breckenridge Festival of Film regarding the acknowledgement of Breckenridge Associates Real Estate as "Sponsor of the Decade". Check out the line up of events at http://www.breckfilmfest.com/home/index.php MEDIA ALERT:   The Breckenridge Festival of Film is proud to announce that Breckenridge Associates will be the first ever “Sponsor of the Decade” for their continued support of the Breckenridge Festival of Film over the past ten years.    “The Hometown Team” has truly lived up to their name with their support of the Film Festival,” stated Dawna Foxx, Festival Director. “With close to $20,000 in sponsorship dollars and numerous volunteer hours over more than    10    years, Breckenridge Associates has truly shown their commitment to the enrichment of our local community.” Breckenridge

The National Association of Realtors has released the following information regarding existing-home sales across the country. This focuses on general regions - Northeast, Midwest, South and West. The Northeast and West have seen an improvement year over year in home sales. Northeast:  jumped 11.6 percent to an annual pace of 770,000 in April, but are 10.5 percent below April 2008.  Median price:  $237,400, which is 9.6 percent lower than a year ago. Midwest:  slipped 2 percent in April to a level of 1.00 million and are 9.9 percent lower than a year ago.  Median price:  $138,800, down 11.7 percent from April 2008. South:  increased 1.8 percent to an annual pace of 1.74 million in April but are 8.9 percent lower than April 2008.  Median price:  $148,000, which is 12.8 percent below a year ago. West:  rose 3.5 percent to an annual rate of 1.17 million in April and are 19.4 percent higher than a year ago.  Median price:  $222,600, down 21.8 percent from April 2008. Read the full report at

Following are 5 reasons to buy a vacation home according to RIS Media.   According to Christine Karpinski, the National Association of Realtors® (NAR) 2009 Investment and Vacation Home Buyers Survey suggests that the iron is sizzling hot-and if you’re going to strike, the time is now. - It’s never been more obvious that real estate is a sound long-term investment.  The NAR survey results revealed that the share of speculator sales is down from 29% to 16%. Combined with the fact that 34% of buyers are purchasing properties within 100 miles or less of their primary residence-which suggests they intend to use it themselves-this trend indicates that more and more people are embracing a “buy and hold” strategy. Plus, Karpinski says she constantly sees evidence that people are beginning to see the long-term benefits of real estate investing earlier in life. (The median age of vacation property buyers in 2008 was a relatively young 47.) - The vacation home rental market is booming.  While 89%

Check out this segment on the Today Show about Denver being the #1 real estate market. This is only good news for mountain real estate since 50% of resort buyers are from the Front Range, Denver area. http://www.msnbc.msn.com/id/21134540/vp/30825142#30825142

Check out this view from Lake Dillon - the lake is like glass and the sun is shining. Another bluebird day in Summit County.

Time to get out your clubs and enjoy golf in the high country with world-class golf courses right at your fingertips.  The Raven at Three Peaks is now open. Visit ravenatthreepeaks.com for tee times. The Breckenridge Golf Club opens Friday, May 22. Visit http://www.townofbreckenridge.com/index.aspx?page=44 for tee times. Keystone River Course opens Friday, May 22. Visit keystonegolf.com for tee times. Keystone Ranch Course is scheduled to open June 19. keystonegolf.com Copper Creek is scheduled to open June 19. coppercolorado.com

We're working on The Source Magazine - the largest real estate buying tool in Summit County. Publish date is June 26. Look for us throughout Breckenridge and Summit County this summer. Now's the time to buy in the high country - great interest rates, a wide variety of available properties to choose from and the best prices in years.

Colorado homebuilders will be required to install carbon-monoxide detectors in new homes under a proposal signed into law in March. House Bill 1091 takes effect July 1 requiring installation of the detectors in new and resold homes near bedrooms as well as rented apartments and homes. The legislation was introduced after the death of Denver investment banker Parker Lofgren and his family. Lofgren, 39; his wife Caroline, 42; and their children, Owen, 10, and Sophie, 8, were found dead in a multimillion-dollar home near Aspen on Nov. 27, 2008, victims of carbon-monoxide poisoning. The family had won a holiday weekend stay in the home through a fundraiser. In January, University of Denver graduate student Lauren Johnson died in her apartment - also of carbon-monoxide poisoning. Neither of the homes had CO detectors. The new law is formally named “The Lofgren and Johnson Family Carbon Monoxide Safety Act.”

A tax credit of up to $8,000 is available for qualified first-time home buyers purchasing a principal residence on or after January 1, 2009 and before December 1, 2009. Unlike the tax credit enacted in 2008, the new credit does not have to be repaid. Contact your Broker/Partner to learn more at www.breckenridgeassociates.com, or call 800.774.7970.

Do you know the amount spent on Home Improvement projects for New Buyers verses Repeat Buyers and New Homes verses previously owned homes?http://www.realtor.org/research/economists_outlook/didyouknow/dyk050709td

Year to date 2009 (through May 5 th ) - Twelve of the 44 single family home sales in the Breckenridge area were transacted through Breckenridge Associates Real Estate.  Three of those sales, Breckenridge Associates represented both the Buyer and Seller.  Breckenridge Associates has sold more single family homes than any other brokerage by a considerable margin.  Considering selling your home? Talk to the Home Town Team. List with Breckenridge Associates Real Estate by May 15 to be included in The Source Magazine, the largest and most well-known Summit County Buyer's Tool.

It's a beautiful bluebird day in the high country. Spring has arrived. Check out the five-day forecast.  http://forecast.weather.gov/MapClick.php?CityName=Breckenridge&state=CO&site=BOU&textField1=39.5075&textField2=-106.047

Welcome to our new Blog! Breckenridge Associates Real Estate is comprised of 15 Broker/Partners and is locally owned an operated. We are The Source for real estate in Breckenridge and Summit County.