the Source newsletter World Class Service. Home Town Team.
May | 2011
Breckenridge Real Estate Update & Outlook 2010 Real Estate Recap local real estate in 2010 proved to be a year of rebuilding and gathering strength for real estate in Breckenridge. our market made great strides over 2009 with significant sales volume increases in Single family homes, Condos and land as well as a reduction in existing inventory overall. Breckenridge associates Real Estate was the top performing office in Breckenridge sales transactions for the year. We represented a combination of 110 listing and selling sides in Breckenridge, or 1 % of the 816 total sales sides for the year. 2011 1st Quarter Real Estate Sales Transactions & Volume the first quarter of 2011 has shown continued upward momentum in Breckenridge real estate when compared to the first three months of 2010. at the close of the quarter, sales transactions were up more than % over the same time frame last year and nearly tripled from the first quarter of 2009. our real estate office continues to be a top performer in transaction numbers for Breckenridge into the first quarter of this year. as of March 1, we were involved in 15% of Breckenridge sales transactions year to date.
Breckenridge Sales Transactions 1st Quarter (January - March) 100 90 80 70 60 50 40 0 20 10 0
90
60
2011 Market Trends – Pricing & Foreclosures it is still a Buyer’s Market, however we have seen pricing somewhat stabilize throughout Breckenridge. Many sellers have come down considerably from their original asking price and have priced to sell. When sellers are pricing their property in line with where it should be in the marketplace, sales are happening. our real estate team can provide insight on pricing your property to sell as we move into the prime real estate season. While the Breckenridge market wasn’t hit as hard and fast with foreclosures as witnessed at a national level, we have seen a growing number of foreclosures in recent years. in 2009 there were 47 foreclosures, 2010 had 104 foreclosures and so far there have already been 59 foreclosures in 2011 (January 1 – april 15). if you might be facing a foreclosure on your property, we can help. Contact our experienced real estate team to discuss the short sale process, a possible alternative to foreclosing on your home. 2011 Pending Sales & Looking Ahead Pending sales help to paint a clear picture of what is happening now in the market. Breckenridge shows 69 properties under contract (as of april 20, 2011): Single family = 5, duplex = 2, Condos = 19 and townhome = 1 . When compared to first quarter sales transaction numbers of 2010, these contracts are positive signs of market stabilization. if you are considering listing your Breckenridge property this summer, contact your real estate Broker 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. Source: 2009, 2010 Year End mlS Data & 2011 mlS Data – January-April, 2011.
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229 South Main Street Breckenridge, Colorado | (970) 453-2200 | (800) 774-7970 | www.BreckenridgeAssociates.com
Here’s What Our Clients Have To Say About Our Team Of Brokers “you were our realtor 10 years ago when we bought this property and we chose you again to broker this sale. you did everything from fixing the bathroom plumbing yourself, to getting a new septic system installed and having the cabin thoroughly cleaned, all without a trip to Breckenridge from us. Most of all your integrity showed through each step along the way. We wish you the best as always.” - Shelly & Mike Peetz, littleton, Co “Thank you for your service in the past months regarding the purchase of the house for our daughter. During the past 15 years working in the real estate business in the USA I have met many brokers in all fields. I like to tell you that it is my opinion that you can be rated in the top 5 percent. Your professionalism, service and follow-up has been outstanding.” - hans & anita kempers, atlanta, Ga
“one of the most competent real estate brokers we have worked with and a pleasure to work with as well.” - John & Storm deSisto, denver, Co
“Thank you for being the most amazing, competent, patient and devoted realtor in Summit County! Honestly, I cannot thank you enough for all you’ve done for me the last several years in our home-buying/selling, and I know I’m not always the easiest to get a hold of! YOU ROCK, and I will continue to tell all of my friends!” - love, Melissa Vaughn, louisville, Co
“We want to thank you for all of your help in our search for property in Summit County. We love the lot! it is a dream come true.” - les & Madelon Riley, Scottsdale, aZ
“You have really done an outstanding job in coordinating all the different activities involved in the purchase of a house. The miles really add to an already complicated task. I really appreciate all the effort which you have exerted in this project.” - Brian Blades, houston, tx
80% Of Our Real Estate Business Is Repeat Or ClientReferred
“our sincerest thanks to you for your level of professionalism, your great advice and patience in guiding us through such a challenging market and process.” - tim & Bonnie thomas, denver, Co
“I very much appreciate the efficiency and professional manner in which you entered these negotiations. I was particularly impressed with your ability to coordinate the efforts between the buyer, the courthouse, the closing agent, and myself. Of course, I particularly am impressed with the fact that you obtained the price of my asking. Rarely does this happen. Thank you so very much.” - Fielder Calhoun, Shreveport, lA
“thank you for the way you assisted us--business like and friendly, always available, informative and knowledgeable. We will definitely recommend you to anyone we know buying or selling a home!” - al & Robbie kahn, Breckenridge, Co
We Handle Short Sales Short Sales are very much a part of our market. feel comfortable learning more about the Short Sale process from our experienced real estate team and how we can guide you through the sale of your home. Contact us today to set up a meeting and learn more about Short Sales.
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229 South Main Street Breckenridge, Colorado | (970) 453-2200 | (800) 774-7970 | www.BreckenridgeAssociates.com
Breckenridge & Summit County Real Estate
Mountain Grandeur
Spruce Valley Dream Home
In the Heart Of It All
Beautiful Shock Hill Home
Postcard Perfect Views
Best View In The Highlands at Breckenridge
Definitely one of the most spectacular homes in Breckenridge! 7,900 square feet of true elegance. Attention to detail and design that is expected but seldom seen to this level. “Top of the World” Views! $4,890,000 www.BreckenridgeAssociates.com/S374923
Closest single family home to the Gondola, steps from Main Street and overlooking the Blue River. Sweeping views of the ski area from the private hot tub and best deck in town. $2,900,000 www.BreckenridgeAssociates.com/S372687
Feel the warmth of the sun inside and the path of the Juniata trail out your front door! High-end finishes, fully furnished including a $70,000 built-in “smart home” system with a remotely activated heating system and video monitoring. $2,300,000 www.BreckenridgeAssociates.com/S375208
Log, stone and evergreen theme converge in rustic elegance and timeless design. Everything you would expect and more. Wonderful views, convenience to town and skiing, privacy and top shelf private amenities. $4,200,000 www.BreckenridgeAssociates.com/S375023
This home has new hickory floors. 6 bedroom, 6 1/2 bath with 5 fireplaces, gourmet kitchen and formal dining. Main floor master with walk-in closet and master bath with jetted tub. Many features including 28-foot ceilings, high windows, steam shower and more. $2,699,000 www.BreckenridgeAssociates.com/S365117
Incredible location on the Breckenridge Golf Course overlooking the 9th t-box! Enjoy golfing out your back door in the summer and Nordic skiing in the winter. Let Carlson Builders help make your dream home become a reality. $1,800,000 www.BreckenridgeAssociates.com/S374811
Visit www.BreckenridgeAssociates.com for the monthly Top 5 Real Estate Deals in Breckenridge.
Breckenridge & Summit County Real Estate
In Town Subdivision With Ski Area Access
Highlands Panoramic View
Log Home On 13 Acres
Wonderful Victorian Country Property
Ski-In Location
Ski-In/Ski-Out Neighborhood
Private estate next to open space with views of Baldy Mountain. Spacious great room, floor to ceiling windows, double fireplace, sunroom, 4 bedrooms plus loft and second family room. Furnished. Walk to town. Great rental income. $1,750,000 www.BreckenridgeAssociates.com/S371376
Enjoy the seclusion of this rustic log home, and the convenience of being only 5 miles from Breckenridge. Perfect for the great outdoorsman. $990,000 www.BreckenridgeAssociates.com/S374892
Charming ski chalet right by Peak 8 Ski Area Base at World Class Breckenridge Ski Area! Boasts 5 bedrooms and a large family room. Relax in hot tub on sunny, private patio. Log and stone accent wood burning fireplaces. $959,000 www.BreckenridgeAssociates.com/S369109
Wow! This home has one of the very best views in all of the Highlands. Situated on a 2.2 acre lot looking at the ski area and the entire Ten Mile Range. 6 bedrooms, 2 sunny decks, game/rec rooms, 2 master suites and more. $1,665,000 www.BreckenridgeAssociates.com/S372661
Located on sleepy High Street, 3 blocks from Main Street. Set on the edge of a common garden area delightfully landscaped and shared by neighbors with superb majestic mountain views. 4 bedrooms, 3.5 bathrooms. Great rental property. $979,000 www.BreckenridgeAssociates.com/S375269
Stunning 4 bedroom, 3.5 bath duplex just steps to the Ski Trails. Giant family room and beautiful designer furnishings. Large rooms to accommodate the largest of families, along with south facing deck and a 2-car garage. $949,000 www.BreckenridgeAssociates.com/S375070
229 South Main Street Breckenridge, Colorado | (970) 453-2200 | (800) 774-7970 | www.BreckenridgeAssociates.com
Breckenridge & Summit County Real Estate
Live The Dream
Ski Home For Lunch
One Of A Kind
Soaring Ceilings, Huge Windows & Sun
Designer 3 Bedroom Condo on Main Street
Village at Breckenridge 2 Bedroom
On the Breckenridge Golf course, just 5 or 10 minutes drive from chairlifts, high quality 4 bedroom home with spectacular views and sun. Surrounded by open space, 2 car garage. $939,000 www.BreckenridgeAssociates.com/S374745
Walk to Peak 9 Ski Lift and town from your lock-off Snowspruce Townhome. 2 bedrooms plus 1 bedroom and loft, 2 kitchens, 2 living rooms, 2 fireplaces and 2 decks, 3 heated garage spaces, pool and hot tubs. $845,000 www.BreckenridgeAssociates.com/S375484
Beautifully decorated 3 bedroom 3 bath in Main Street Junction with professional upgrades including hardwood floors and designer furnishings! Complete with a private heated 1-car garage and full access to the Pioneer Club. $655,000 www.BreckenridgeAssociates.com/S375124
Splendid ski-home residence on private cul-de-sac. Totally redone inside and out with new stone, siding, decking. 3 Bedroom plus Den is most functional family floorplan we’ve seen in Breckenridge. Bus stops out your door, ski home. $859,000 www.BreckenridgeAssociates.com/S374186
Exceptional home for large gatherings – very open floor plan and big redwood decks overlooking the ski area. Situated at the base of Peak 7, hiking and biking is just out your door. $725,000 www.BreckenridgeAssociates.com/S374949
Fully remodeled 2 bedroom condo at base of Peak 9 and steps to Main Street. Enjoy the view and amenities at this top notch location. $619,000 www.BreckenridgeAssociates.com/S374239
Visit www.BreckenridgeAssociates.com for the monthly Top 5 Real Estate Deals in Breckenridge.
Breckenridge & Summit County Real Estate
Sherwood Forest 3 Bedroom Home
Walk To Town, Across From Shuttle
Mountain Chalet
Luxury 2 Bedroom - Walk To Town & Ski Area
Blue River Gem
Best Breckenridge Golf Course Lot
Located only 3 miles south of Breckenridge. This 3 bedroom home is in great condition with an open floor plan, a secondary living/rec area, and a 2-car garage. A beautiful setting at a great price. $565,000 www.BreckenridgeAssociates.com/S372604
Awesome Breckenridge mountain views from your 3 bedroom home, 1-car oversized garage plus storage shed. Wood floors, updated baths, hot tub on front view deck and 2 additional decks, adjacent to Flume Trail for hiking, biking and skiing. $525,000 www.BreckenridgeAssociates.com/S375327
Less than 3 miles from Breckenridge, this 4 bedroom 3 bathroom home has room for everyone. New carpet, fresh paint and attached 2-car garage complete the package. $475,000 www.BreckenridgeAssociates.com/S373429
Lovely home in a great neighborhood. Ride or walk into Breckenridge within minutes. Perfect layout for entertaining. $500,000 www.BreckenridgeAssociates.com (no mls yet)
This stunning Corral condo is spacious, beautifully furnished, has great views of the Breckenridge Ski Area and has its own private hot tub. $495,000 www.BreckenridgeAssociates.com/S369370
Amazing Rare opportunity to own a lot adjacent to Elk fairway #9 in Breckenridge. Check out the view from this flat lot. Walk to the clubhouse. A bargain! $399,900 www.BreckenridgeAssociates.com/S370130
229 South Main Street Breckenridge, Colorado | (970) 453-2200 | (800) 774-7970 | www.BreckenridgeAssociates.com
Breckenridge & Summit County Real Estate
Completely Remodeled Baldy Mountain Townhome
11 Acres Just 10 Minutes From Breckenridge
Penthouse Studio in New Village At Breck
On The Four O’Clock Ski Run
Ski-In And Walk To Main Street Breck
On A Creek In Placer Valley
Total remodel with everything new – cabinets, appliances, counters, toilets, carpet, paint and more. All new exteriors. Association has recently redone all decks, stairs and entrances. Great views, on bus route. Seller motivated, bring offers! $359,000 www.BreckenridgeAssociates.com/S364249
Stunning multi-million dollar exterior facelift. Assessment paid. Top floor, south west facing, dynamite views. Downtown ski-in/ski-out! $299,000 www.BreckenridgeAssociates.com/S374278
Everything you need in an easy to own package – this oversized studio has the perfect location at the bottom of the 4 O’Clock Ski Run and overlooking the Blue River. Well maintained and ready for you! $159,000 www.BreckenridgeAssociates.com/S374268
An 11 acre parcel only 10 minutes to downtown! Larger land parcels like this one are rare and hard to find. Big views and easy access are a rare commodity so close to town. Build your dream mountain estate! $332,000 www.BreckenridgeAssociates.com/S374485
Only 2 blocks from Breckenridge Main Street. Backs to a creek that can be enjoyed from the deck. Corner unit, totally remodeled top to bottom. Best 1 bedroom in the complex, unique floor plan. Views of Baldy, great rental income. $279,000 www.BreckenridgeAssociates.com/S371345
Nicely treed lot adjacent to live water with easy building potential – nice and flat and easy access! This is the lot you have been looking for to build your dream mountain getaway. Don’t miss out. $89,000 www.BreckenridgeAssociates.com/S372786
Visit www.BreckenridgeAssociates.com for the monthly Top 5 Real Estate Deals in Breckenridge.
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World Class Service. home town team. Breckenridge associates Real Estate P.o. Box 768 229 S. Main St. Breckenridge, Co 80424
Breckenridge Associates Real Estate World Class Service. home town team. >> We Care About You. 80% of our Real Estate Business is Repeat or Referrals from our Clients. >> We Care About Your Home. let our decades of local insight & Experience help You Make the Best decisions about Your Property. >> We’ll Take Care Of You & Your Goals. in 2010, We Were a Part of 1 % Breckenridge Sales >> You Are Our Priority. You are our Business, that’s Why We’re here for You all day, Every day.
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229 South Main Street Breckenridge, Colorado | (970) 453-2200 | (800) 774-7970 | www.BreckenridgeAssociates.com