Get ye up to the mountain? We love our Breckenridge, Colorado real estate and the adventurous terrain and splendid views surrounding our Summit County homes. A recent report totaling the sales in five Colorado mountain resort counties, including Summit County real estate sales, touted a combined record of $8.56 billion in real estate sales in 2007.
Summit County itself recorded sales of $1.34 billion. That figure encompasses properties right in the resorts—Breckenridge real estate, Keystone real estate, and Copper Mountain real estate—in addition to sales in nearby towns like Frisco, Dillon, and Silverthorne. Besides these, increasingly valuable properties in Breckenridge’s outlying areas are becoming more popular.
The average home prices varied substantially in the top five counties for sales: Garfield and Pitkin Counties (Aspen area), Eagle County (Vail area), Routt County (Steamboat area), and our Summit County (Breckenridge). They range from $4.52 million in Pitkin County to an affordable $794,391 in Summit County and $450,240 in the outlying Garfield County. Eagle’s average home price was $1.41 million and Routt’s averaged out to be $928, 776.
Though the report compiled by Land Title Guarantee Company uses year-to-date figures from the end of October, the sales record had already been broken. The 2007 October YTD figure totaled $7.41 billion.
It appears that the baby boomers are seeking full-time retirement accommodations and even a recent cool-down in the market will not stop them from their dreams. However, the market in Garfield County appears directly related to the natural-gas boom in Rifle and Silt. The consequent second-home sales pushing the dollar volume ($1.03 billion) close to last year’s ($1.05 billion).
For expert advice and great information about real estate in the resort area, contact Rick Allemang at 888-547-1002 or e-mail info@realestatecolorado.com.
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