Breckenridge Associates
Real Estate

Welcome to the Top 5 Real Estate Deals for January 2013. 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.  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 January 2013. 1. Sundance Lodge in Wildernest Immaculate Unit from Top to Bottom! 1 Bedroom/ 1 Bathroom $149,000 www.BreckenridgeAssociates.com/S379199 2. Charon Pines Townhome style condo just 5 minutes from Main street Breckenridge. Summit Stage Stop is at the corner. On quiet county-maintained, paved roads. Soak in the hot tub on the big west facing deck and bask in the glow of magnificent views.  Lower level locks off separately if desired. 3 Bedrooms/ 2.5 Bathrooms $349,000 www.BreckenridgeAssociates.com/S379583 3. Ski Hill Condo 2 Bedroom Condo in the Heart of Ski Country, Breck...

The long-battered housing market is finally starting to get back on its feet. Some experts believe it could soon become another housing boom, according to an article by CNN Money. Signs of recovery are apparent in the recent spikes in home prices, sales and construction, while foreclosures remain down. The Federal Reserve is also pushing mortgage rates close to record lows. Barclays Capital released a report predicting that home prices, which fell by more than a third in 2007, might be back to peak levels as soon as 2015. Senior analyst Rick Palacios with John Burns Real Estate Consulting said, “We think the recovery is for real this time. If you look across the U.S. economy right now, there are only a handful of industries looking at 20-30% growth over the next 4-5 years, and housing is one of those.” The housing rebound could have a ripple effect helping the entire economy grow at a much stronger pace, which will add to more demand for housing. Source: CNN...

December 2012 Breckenridge Residential Sales Breckenridge sales included 19 Single Family Residences, 3 Duplexes, 27 Condos and 6 Townhomes for a total of 55 transactions for the month.  December 2011 Breckenridge Residential Sales Breckenridge sales included 17 Single Family Residences, 2 Duplexes, 26 Condos and 8 Townhomes for a total of 53 monthly transactions. December 2012 Summit/Park County Residential Sales Summit and Park County sales included 62 Single Family Residences, 6 Duplexes, 66 Condos and 14 Townhomes for a total of 148 transactions for the month.  December 2011 Summit/Park County Residential Sales Summit and Park County sales included 53 Single Family Residences, 5 Duplexes, 50 Condos and 23 Townhomes for a total of 131 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...

It’s snow sculpting time! This year marks the 23rd annual Budweiser International Snow Sculpture Championships. The artists come from throughout the country, around the world and even hailing from our own Breckenridge Associates Real Estate office with the event’s original team.  This year, they will be carving the Budweiser sponsorship piece and another partner is a member of the international team. The 16 teams will compete to produce impeccable works of snow art for the public to view and ponder the impossibility of many of the creations.  The first week is called Technical Week and runs Jan. 15 through 18.  People can watch how the blocks are built or even volunteer to help by contacting the town. The sculpting week begins Jan. 22 and ends at 10 a.m. on Saturday, Jan. 26, when the judging commences. The awards ceremony will take place the following day at 3 p.m. and sculptures will remain standing until the night of Sunday, Feb. 3. That night ...

Home prices rose nationwide by 6.3 percent in October 2012, on a year-over-year basis. It was the largest increase since June 2006, according to the most recent data from CoreLogic. These figures are a good reminder that it’s still hard to generalize about housing. Some markets are up sharply amid big declines in price, while others are still soft, according to an article from The Wall Street Journal. CoreLogic economists believe the housing recovery is geographically broad-based with almost all markets experiencing some appreciation. They said the housing recovery that began in early 2012 continues to gain momentum. Reduced inventories and improving buyer demand both contribute to the stability and growth of home prices, which is essential to the long term health of the housing market. Here are five reasons home prices have been rising: Housing affordability is attractive-   Because prices have fallen so far and mortgage rates are so low, buying a house is mor...

Why, as a prospective home seller or buyer, you need to stop sitting on your hands. After five years of a tumultuous market, order and opportunity are finally being restored to the housing market. Home prices were expected to rise 1% during the final quarter of 2012 to the end of 2013, according to the real estate research firm Fiserv.   Fiserv’s chief economist David Stiff says that “Housing is finally turning the corner. There is no reason to be fearful of further large price declines.” This is going to create a new playing field for homeowners, who are finally able to sell, and potential buyers, who've been delaying a purchase with hopes of prices continuing to fall. Fiserv also predicts that in the next five years, homes will gain 3.3% a year in value. That’s hardly red-hot, but at least the market isn't frozen anymore. The Action Plan Sellers- The Price Still has to be Right, Focus on the Appraisal Homes in many market...