Congratulations if you have been holding on to Breckenridge land in Colorado for an investment. This year may be a great time to develop that prime Breckenridge real estate, and an especially great time to build condominium neighborhoods in Breckenridge. We say that because of the imminent build-out and because building costs are increasing, and we also know that there is a demand for more Breckenridge homes.
From 2006 to 2007, MLS sales of Breckenridge real estate increased steadily in dollar volume. Breckenridge land dollar volume has gone up 25 percent and single-family home dollar volume 21 percent. Condos and townhouses increased 7 percent and 3 percent, respectively and sales of duplex decreased by 1 percent.
In the last five years, the number of active real estate listings in every category has decreased, more or less along a sine wave. This has created a demand that keeps the local market going strong. Profits are settling down a little bit right now, almost thankfully, but our resort community is only seeing appreciating real estate values that are the envy of other markets in California, Arizona, and Florida. Every one of the last five years has recorded a yearly sales volume higher than the previous year.
Some may be alarmed that the number of total sales over this time-period generally increased until 2006 and is now a bit lower. Part of the reason is actually the number of available properties—another reason to get going on a condominium investment in this beautiful ski resort.
For expert guidance buying and selling property in the area, contact Rick Allemang at 888-547-1002 or e-mail info@realestatecolorado.com. Rick and the staff at www.RealEstateColorado.com are ready to help you meet your real-estate goals.
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Breckenridge Real Estate
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