Did You Know? Vacation & Investment Home Sales – Breckenridge vs. National Averages
New data from the National Association of REALTORS indicates second home market share held even in 2010 in terms of vacation- and investment-home sales. Research shows this segment of the market held steady over 2009, even with transactions declining nationally, suggesting inventory in the second home market is moving at a national level. This is especially good news for healthy destination markets like Breckenridge, which already skew well above national averages in the market segment of secondary home ownership. Let’s take a closer look at the national data compared to data specific to the local real estate market in Breckenridge. Nationwide Vacation- & Investment-Home Sales The number of total real estate transactions fell in 2010, but the percentage of 2010 vacation- and investment- home transactions remained unchanged from 2009 in terms of market share. Vacation home sales accounted for 10% of market share and investment sales maintained 17%. Despite the challenging cr...