Page 1

The Source Newsletter World Class Service. Home Town Team.

March | 2014

Local Market Moving toward Equilibrium In 2014, the Summit County real estate market looks to be headed toward equilibrium between buyers and sellers, according to the sales figures from 2013. And this is good news. In our market, normalcy has been elusive, even as real estate nationally was coming out of the recession we have lagged behind. We were happy when our market was slow to fall off in 2008, but have had to suffer a little longer on the recovery side. For years, it seemed like everyone was trying to sell their vacation property. By the standard economic logic this meant excess supply. Coupled with a recession-pinched demand, home prices weren’t as high as sellers wanted. Low prices did help increase the number of buyers - sales transaction volume in Breckenridge and Summit County have steadily increased since 2009 with 2013 the current high point at 646 and 1839 residential properties sold, respectively - but that wasn’t easy on sellers. Nor was the long average time on the market. For the past two years, this number had increased dramatically and was far above pre-crisis levels. Record days

on the market were seen by many sellers in 2012, but that changed in 2013, making a healthy move downward. At the end of the year, sellers were seeing their properties available for 259 average days on market compared to 324 average days on market in 2012. Prices and home values turned a corner, and started to head upward, according to sales stats for 2013.This is easy to see when we compare the difference between what sellers sold their property for compared to what they were asking. The sales to listing price ratio continues to remain steady at 95% in 2013 - nothing startling, but consistent. Other factors that indicate a move toward a healthier real estate market are: January 2014 inventory is less than the 2013 inventory, there are fewer foreclosures and short sales on the market, and the sales price per square foot did increase in 2013 for most property types. Appreciation was particularly good in condo and townhome sales. Fewer days on the market and slightly better prices, forecast steady, healthy progress toward equilibrium in 2014.

Breckenridge Market Activity Transaction Volume Comparison

Dollar Sales Volume Comparison

700

$400,000,000

600

$380,000,000

500

$360,000,000

YEAR END 2010 409 2011 497 2012 552 2013 645

400 300 200 100

2010 2011 2012 2013

Average Continuous Days on Market 400 380 360 340 320 300 280 260 240 220

YEAR END 2010 349 2011 360 2012 352 2013 258 2010 2011 2012 2013

YEAR END 2010 $301,197,860 2011 $309,400,761 2012 $347,863,547 2013 $388,680,524

$340,000,000 $320,000,000 $300,000,000 $280,000,000

2010 2011 2012 2013

Available Inventory 700 650 600 550 500 450 400 350 300

FEBRUARY 1ST 2011 559 2012 513 2013 451 2014 350 2011 2012 2013 2014

Source: Based on Local MLS Data, January 7th, 2014. Breckenridge Residential Only.

Visit www.BreckenridgeAssociates.com for the monthly Top 5 Real Estate Deals in Breckenridge.


Leading the Market in Sales and Service

#1 Selling Real Estate Company for Breckenridge Property Sales numbers for Breckenridge property in 2013 show one clear leader - in dollar volume, number of transactions, and representation of both sellers and buyers - and we’re happy to say it’s Breckenridge Associates Real Estate. Our office sold nearly one-third again what was sold by the next highest office.

#1 Office in Dollar Volume

#1 Office in Total Number of Sides Represented

#1 Office in Number of Properties Sold

1. Breck. Associates Real Estate

$148,373,045

$150,000,000

2. Coldwell-Rounds Porter

$114,954,848

$110,000,000

3. Slifer-Main Street

$85,670,490

$90,000,000

4. Re/Max Breck

$73,432,550

$50,000,000

5. Slifer-Ski Hill

$47,336,347

1. Breck. Associates Real Estate

200

2. Coldwell-Rounds Porter

154

3. Re/Max Breck

128

4. Slifer-Breck

124

5. Paffrath and Thomas

92

1. Breck. Associates Real Estate

170

2. Coldwell-Rounds Porter

134

3. Re/Max Breck

119

4. Slifer-Breck

114

5. Paffrath and Thomas

80

More than one-quarter of all listings in Breckenridge were sold by our office, and nearly 25 percent of Buyers were brought to the market by Breckenridge Associates, as well. This is a huge market share in a resort community with more than 500 real estate agents. Our goals have always been providing world-class service while sharing what we call our ‘hometown’ knowledge. We think this emphasis on local, on-the-ground experience is why more sellers and buyers come into Breckenridge Associates Real Estate for their real estate needs.

$130,000,000

$70,000,000 $30,000,000

1

2

3

4

5

1

2

3

4

5

1

2

3

4

5

200 175 150 125 100 75 50 0

180 165 150 135 120 105 90 75

By self-comparison, Breckenridge Associates sold more homes in 2013 than in 2012, with fewer showings. Also in 2013, we brought more buyers to the table for homes over $1 million than any other office (23 compared to the closest competitor at 12). It seems we’ve weathered years of recession and emerged more efficient. All of us at Breckenridge Associates Real Estate feel confident going into the next big sales season, especially when the stats show we continue to connect more, and more, buyers and sellers.

Thinking of Buying or Selling Property in Breckenridge? If you are considering listing your Breckenridge property this spring, contact our real estate Brokers now to begin the process and take full advantage of maximizing your listing’s exposure. At Breckenridge Associates Real Estate, we care about you. We care about your home. We’ll take care of you and help you achieve your goals. You are our priority. Contact our team of Brokers to learn more about how we can represent you and the sale of your home.

Contact one of our Real Estate Brokers 970.453.2200 www.BreckenridgeAssociates.com 2

229 South Main Street Breckenridge, Colorado | (970) 453-2200 | (800) 774-7970 | www.BreckenridgeAssociates.com


Breckenridge & Summit County Real Estate

Shock Hill Treasure

New in Shock Hill

The Perfect Slice of Breckenridge

WARNING! You will want to buy it!

COLORADO LIFESTYLE CENTRAL

Parade of Homes Winner!

Custom home has combined rustic mountain style and elegance, rarely ever seen here in Breckenridge. Just a 3 minute walk to the gondola mid station. The finishes include: Walnut floors, Cedar timbers, wine cellar, 5 private bedroom suites, private patio with hot tub and fire pit, an elevator, a glorious kitchen, central vacuum, 3 humidifiers, and so much more. Please call for a private viewing. $4,100,000.

One of Breckenridge’s finest Ski In/Ski Out properties! Ski to the lift, walk to Main Street. Highly coveted Trappers Glen Subdivision with its epic mtn location. Home has 5 bedrooms, 6 baths. Amenities include a ski room, an elevator, fire pit, 3 car garage, and amazing views. Bring your family and make memories that last a lifetime. Take a tour of the property by Drone! http://youtu.be/rVMott3vBVk. $3,295,000.

A classic RIVERFRONT, hand-crafted log home on over 12 acres less than 10 minutes from Breckenridge, Keystone or Copper Mountain and I-70. Four bedrooms and 3 ½ baths. Beautifully finished and maintained. This is your once in a lifetime, Legacy Property with over 1/3 mile of the Blue River meandering past the house. $2,795,000. www.loghomeontheblueriver.com

This new custom designed home is currently under construction in the prestigious Shock Hill neighborhood. Featuring 5 bedrooms, 5 baths, 2 half baths, with almost 5200 square feet of finished living space designed by Suzanne Allen-Guerra. The gondola mid station is about 4 minutes away from your back door. No attention to detail will be spared, ski area views, and a neighborhood second to none. $3,750,000.

Rolls Royce finish, a work of art at every joint, corner and angle. Custom finished throughout, antique beautiful beam work, metalwork and craftsmanship. The furnishings are exquisite. This home was completely gutted and no expense spared on the rebuild due to the setting with majestic mtn and ski area views and set on nearly 4.5 acres. $2,800,000.

One of the nicest homes on the market to date. Boasting 6 bedrooms including 2 full master suites, a nannie quarters, 8 bathrooms all custom, elegant kitchen with all the upgrades and more, entertainment room, sitting room, office and an elevator. Located at the end of a quiet street with views of the Blue River and Baldy Mountain. $2,495,000.

Visit www.BreckenridgeAssociates.com for the monthly Top 5 Real Estate Deals in Breckenridge.

3


Breckenridge & Summit County Real Estate

MASTERPIECE ON 1.7 ACRES

Swiss Chalet Style Home

Specially designed, 4 bedrooms, one-of-a-kind home with mountain views, built by one of Breckenridge’s finest builders! Kitchen island plus eating bar opens up to one dining area, large living room, and 2nd dining area. Luxurious master suite, spacious loft, comfortable family room, wine room & 3 car garage. $2,199,000.

This home, with majestic mountain views, elegant finishes on a 2 plus acre lot, has charm and warmth throughout. Beautiful timbers, cherry floors, a gourmet kitchen and a spacious master. This home has a very private setting with an expansive sunny deck. You are minutes from hiking, golfing, fishing, skiing and downtown Breckenridge from this Bernard Decosse designed home. $1,784,500.

In the Heart of town

Extraordinary home, perfect locatioN

RARE OPPORTUNITY!

Gorgeous Modern Mtn ContemporarY

This beautiful Victorian home is a gem. Great views, two main floor masters and top of the line finishes throughout: granite counter tops, surround sound, hot tub, heated walk ways/parking, steam shower, jetted tub and an excellent yard. This house is turn key for a second home owner or as a rental property with Main Street and the bus for skiing a block away. $1,700,000.

6.07 ACRES SURROUNDED BY OPEN SPACE AND SEASONAL CREEK. This home has 5+ Bedrooms, 4.5 Baths and is located 800 yards from Breckenridge Ski Area Peaks 7 & 8. Amenities include rec room with bar, log gazebo, hot tub, 2 garages. Sleeps 19! Huge views and wooded acreage is ideal for family gatherings & weekends in the mountains. Extremely successful short term rental. $1,500,000.

4

Easy access to town and the bus route. With SEVEN bedrooms this home offers room for all the generations in your family to gather and create memories together. Huge rental history make this a good additional to your portfolio. Fully and beautifully furnished so you can start taking advantage of all things Breckenridge the day you close. $1,649,000.

If you want a modern mountain contemporary home with mountain views, this is it. Over $1.4m spent of completely rebuilding this home. Exquisite finish, custom metal work, custom everything. Vaulted ceilings, stunning gourmet kitchen, huge master suite with master bathroom a piece of art. Landscaped garden, wonderful sun/view decks. Wine cellar, outdoor irrigation. A beauty. $1,300,000.

229 South Main Street Breckenridge, Colorado | (970) 453-2200 | (800) 774-7970 | www.BreckenridgeAssociates.com


Breckenridge & Summit County Real Estate

Simply FANTASTIC setting

Best of the Best

Townhome with Peak 8 views

Heart of Breckenridge

1/2 DUPLEX – MOUNTAIN VIEWS

Exceptional property

On 24 acres w/ complete privacy, views of the ski area, & only 5 min. to Main St!! This is THE opportunity you’ve been waiting for, this property has a ton of possible uses- B&B, Dude Ranch or ski touring center to name a few. Or keep it all to yourself, bring your horses, snowmobiles & bikes. Direct year round access to National Forest!! $1,250,000.

This townhome has the best location in One Breckenridge Place with views to Peak 8 and the Breckenridge Ski Resort. Home has 3 bedrooms, 3 baths spacious great room with vaulted ceilings and generates great rental income. Project is located in town and is steps from Main Street for shopping and dining. Enjoy a private pool and hot tubs just a short walk too. $889,000.

Near the Peak 8 Ski Base & Nordic Ski Lodge, 3 bedrooms + den, beautiful top-end finishes, wood floors, granite counters, master bath with separate tub and shower, 2 sinks, 2 decks, 1 car garage + carport, Colorado furnishings included, so move right in! $739,000.

This three-bedroom, three bath residence has spectacular views of Baldy Mountain and the Continental Divide. The open floor plan is great for entertaining with plenty of room for guests to relax. Shared amenities with One Ski Hill Place. The Gondola and the Independence Super Chair are just steps from your back door. $1,125,000.

Completely remodeled 3 bedroom, 2 bath home tucked away from noise and traffic, but walking distance to all the Town of Breckenridge has to offer. Renovated with modern conveniences in a non-rustic decor. New windows, new roof, fenced in yard, gourmet kitchen, spa baths, solar panels, paved parking, deck with ski area views and more. This is a home you definitely want to see! $799,000.

A floor plan that’s hard to beat & views that inspire. Large, open kitchen/living/dining room space w/ vaulted ceilings & big windows throughout. Very private master suite on top level, again with vaulted ceilings, big closets, & beautiful bathroom finishes. Lower level of home is the rec room/4th bedroom with built in bunks and another bath. Offered beautifully furnished! $725,000.

Visit www.BreckenridgeAssociates.com for the monthly Top 5 Real Estate Deals in Breckenridge.

5


Breckenridge & Summit County Real Estate

Ski In/Ski Out 3 Bedroom!

LOG HOME WITH FANTASTIC VIEWS

MOUNTAIN VIEWS

Luxury Ski in Condo

Best locations in Keystone

Rare find in Breckenridge!

Privacy and Seclusion

SKI-IN, WALK TO TOWN

Condo with a VIEW

Priceless location right by the lift. This south-facing corner unit overlooks ski lift, Peak 8 slopes, wetlands and babbling Sawmill Creek. End unit with extra windows and full privacy! NO STAIRS!! 3 BR + 3 Bath unit is peak rental performer. Garage, elevator, spas, steam room, sauna, fitness center. Unequaled location, Unmatched price! $725,000.

Luxurious, 1,250 square foot, 2 bedroom, 2.5 bath condo adjacent to Peak 9 Quicksilver ski lift. Enjoy extra space, Jacuzzi tub, granite kitchen, private deck, in the best location in Breckenridge. Chateaux Condos feature underground parking, pool, hot tubs, elevator, 24 hr rental front desk, and 50 steps to skiing. Solid rental income to offset expenses. Take a look! $575,000.

This beautiful lot offers privacy and seclusion in a location close to town. At 5+ acres there is plenty of room to build your mountain getaway. This lot is well treed, has great views, seasonal streams and easy trail access. $499,000.

6

Hiking and back country adventure at its best from this location only 10 miles from Breckenridge. Great floor plan, deck with hot tub, 3 bedrooms + loft + second family room + care taker apartment. Beautifully done. Great rental income. Can’t beat this price. Fully furnished. $699,900.

Amazing views of the ski area and Snake River. Steps to the lifts and on the bus route. Remodeled with slate flooring, granite counters, all new doors and trim, stainless appliances, custom cabinetry and new hot tub. New redwood deck extends out for additional views of the Continental Divide. No common walls! Tons of storage, ski locker, sauna and more. $499,000.

Ski In to Pine Ridge, one of the Premier Complexes in Breck and on Four O’Clock Road. 2 Bed / 2 Bath, Lots of natural Light, Updated, Beautiful Furnishings. Catch the bus or walk to town. Village Pool is steps away and 2 Hot Tubs on the property. Deck with nice views to the slopes. Strong HOA, one of the BEST Exterior Upgrades! Excellent Rentals. $498,999.

New furnishings accent the vaulted ceilings, open floor plan, southern exposure and mountain views from this 3BR plus den home. Slate tile and wood floors on the main level, as well as granite counters in the kitchen. Master suite offers vaulted ceilings and sweeping views of the ski area. Enjoy a picnic on the back patio or relax in your private hot tub. Ski shuttle just outside your door! $629,000.

Rare 2 bedroom plus loft unit at Double Eagle! Top floor with vaulted ceilings and mountain views. This complex had a recent exterior renovation and looks amazing. So close to all things Breck - walk to Main Street, ski in to your back yard, 1 block walk to the lift or take the shuttle! Wrap around deck for outdoor living. Short list this one! $499,000.

Third floor south facing 2 bedroom condo with ski area views! Cimarron Condos offers one of the best locations in Breckenridge: Walk to skiing and Main Street. Underground parking, hot tub, sauna, elevator, and 2 large storage spaces. Fully remodeled with granite, custom cabinets, and stone. Washer/Dryer in unit. Extra large living room allows for great family time together. This unit is a must see. $449,900.

229 South Main Street Breckenridge, Colorado | (970) 453-2200 | (800) 774-7970 | www.BreckenridgeAssociates.com


Breckenridge & Summit County Real Estate

Main Street Station, On The River

Perfect ski condo location

Exquisite Classic Log

Luxurious One Bedroom

ATTAINABLE IN-TOWN BRECK!

Kingdom Park Townhomes has the ideal Breck location...on the bus route, walking distance to Main Street, easy walk to the gondola and next to the Breckenridge Rec Center. This spotless 3 bedroom townhome boasts new stainless appliances, washer & dryer, storage, backs to open space and southern exposure allows all day sun. Picture perfect Breckenridge property. $397,000.

Self Sustained Ranchette

Ski Home to Mountain Thunder Lodge! One block off Main. Beautiful sunny views. All Amenities and private concierge. $399,000.

Remodeled ski studio

Steps from the Lift!

BUILD YOUR DREAM HOME

Fabulously Decorated and Superb Location, overlooking the Blue River with peek a boo views of the mountains. Never rented! Quiet with no street or courtyard noise, fully furnished, complete remodel in 2006 with Berber Carpet, Wooden Plantation Shutters, Designer Furnishings including Paintings and Art Work, Wall Mounted Large Flat Screen TV & DVD Player, Custom Master Bedroom, & Grill on Deck. $440,000.

Enjoy beautiful fifth floor views of Mt Baldy. Updated kitchen and bath, upgraded furniture and furnishings all add up to a Gold Rating for rentals. Walk to all that downtown Breck has to offer. Hot tubs, sauna/steam, heated pool and fitness room. Huge exterior face lift completed 2010. $229,500.

Walking distance to Peak 9 and 1 block to Main St, with convenient ground floor access. Views of the ski resort to the west and Baldy Mtn from the east bedrooms. Finishes include new carpeting and adjustable wood shutters that enhance mountain views while maintaining privacy. Heated parking lot, custom interior furnishings, cable/internet/WiFi/phone, and LCD TVs. $425,000.

One hundred yards from Snowflake Lift! Remodeled studio loft with hardwood floors and updated bath and kitchen. Fully furnished with heated one car. Walk to everything. Includes Upper Village Pool and hot tubs. $235,000.

Hand Crafted Custom Log Home that cannot be built for this price. The River runs THROUGH this 4 acre property. Panoramic views of splendid mountain peaks. Home has just undergone full exterior log maintenance. Watch the wildlife from the hot tub. A very popular vacation rental home. $399,500.

Self sustained home on almost 40 acres with amazing views. Solar with augmented well and septic for living off the grid. Exterior walls are insulated, concrete floors are radiant heated. Property has nice trees with an occasional wildlife on the property. $249,000.

This is a beautiful in-town subdivision that has boasting ski in/out access to Peak 9. Beautifully landscaped - Private pond & waterfall. A private 11 site enclave, surrounded by National forest and open space. “One of a kind setting.� $225,000.

Visit www.BreckenridgeAssociates.com for the monthly Top 5 Real Estate Deals in Breckenridge.

7


®

World Class Service. Home Town Team. Breckenridge Associates Real Estate P.O. Box 768 229 S. Main St. Breckenridge, CO 80424

Reasons to List Your Home with the #1 Brokerage in Breckenridge for 2013 • #1 Office in Total Number of Sides Represented. • Breckenridge Associates Real Estate was the #1 office for dollar volume of sales transactions. • #1 Office in Number of Properties Sold • Breckenridge Associates Real Estate continues to have more listings than any other office. • More than 80% of our business is from repeat or referred clients, which is a true testament to our results and success. Contact our Home Town Team today to learn more about how we can go to work for you.

Stay Connected With Breckenridge Associates Real Estate Not photographed, Marty Frank and Jake Himmelman

There are a lot of ways to check in and stay connected with us. Find us on Facebook, Twitter, Google+, You Tube, follow our real estate Blog on Blogger and download our brand new Kurio Real Estate App to your Smartphone or Tablet. We’re your source for real estate news and community happenings.

Stay In Touch: Download our new real estate App: http://kur.io/breckenridgeassociates Facebook.com/BreckenridgeAssociates Twitter.com/BreckAssoc Find us on Google+ YouTube.com/BreckAssocRE Email: mail@BreckenridgeAssociates.com Search Local MLS Listings Online or via our new Kurio Real Estate App www.BreckenridgeAssociates.com http://kur.io/breckenridgeassociates www.BreckenridgeAssociates.com is The Source for Summit and Park County real estate. Visit www.BreckenridgeAssociates.com to sign-up for The Source Newsletter, our monthly ENewsletter.

229 South Main Street Breckenridge, Colorado | (970) 453-2200 | (800) 774-7970 | www.BreckenridgeAssociates.com

March 2014 Source Newsletter  
Read more
Read more
Similar to
Popular now
Just for you