Summit County real estate in Breckenridge, Keystone, Dillon, Frisco, and Silverthorne offers the best values of any of the five counties in Colorado that include resort real estate. Comparing single-family home prices in Summit County—including real estate right inside the resorts at Breckenridge and Keystone—with those in Pitkin County (Aspen), Eagle County (Vail and Beaver Creek), and Routt (Steamboat Springs), prices are lowest for Front Range accessibility right here. Garfield County (Glenwood Springs) offers fewer amenities and lower price tags.
However, our prices for single-family homes have been climbing steadily for twenty years and at a rate of 13 percent over the past two years. In 2004, the median sale price for a home in Breckenridge, Colorado was $490,000. In 2005, that figure leapt to $570,000 and in 2006 it was $665,000. In 2007, that median sale price was $720,000. So, too, the price per square foot for the single-family homes and duplexes category of Breckenridge CO real estate climbed in the past three years from $270 to $332, which is still lower than the $498 per square foot for a condominium or townhome.
People are choosing Breckenridge real estate for reasons other than the price tag. The community is surrounded by national forest yet close to the Front Range metropolitan areas of Denver and Colorado Springs. It sports world-class skiing and riding terrain, championship golf, gold-medal fly fishing, boating nearby on Lake Dillon, mountain biking and single track trails, and hiking galore along with wide variety of other recreational options. The Town features boutique shopping, international cuisine, wonderful cultural events such as plays and orchestra, continual festivals and art shows, and it is a charming historic village complete with fascinating museums. Its rich background extends from the gold-rush days.
Although build-out looms on the horizon, pressing the value of land and real estate into the higher bar graphs, Aspen’s prices are already five times higher and Vail Valley properties are about double the cost of those in our neck of the woods. Prices for single-family homes in Summit County have steadily increased for the past two decades, acting as responsive real-estate investments. The average price for single-family, duplexes, triplexes, townhouses, and condominiums combined marched from about $100,000 at the end of the 1980s to over $550,000 in 2008.
For information about today’s best values for vacation real estate or for a second home in the Rocky Mountains, call Rick Allemang at (970) 547-1002.
