All facets of the 2015 Breckenridge Colorado real estate market are distinctly improving over 2014. As of the end of October, the total number of sold transactions, volume and the average sold price per square foot have all increased while the average days on market is decreasing for residential Breckenridge, CO real estate sales. With the Denver Colorado real estate market being one of the fastest growing markets in the nation, this is spilling over into the resort markets of Colorado as well.
Residential Breckenridge real estate sales quick statistics (January – October 2015 compared to 2014):
- The average sales price in Breckenridge CO real estate sales has increased +7.87% in 2015 ($737,852) compared to 2014 ($683,996).
- Overall total sales volume has drastically improved by +20.6% from $370+ million in 2014 to $446+ million in 2015.
- Total number of sold properties in Breckenridge through 10/31/15 is 605 compared to 541 in 2014.
- Average days on market is down from 201 to 191 days in 2015.
Currently there are 140 properties under contract in the Breckenridge real estate market. In all of 2014 there were 657 sales which positions the 2015 Breckenridge real estate market to surpass the previous year(s). Overall, the Breckenridge CO real estate market is heating up as prices continue to rise. If you have been considering purchasing in Breckenridge, Colorado or elsewhere in the Summit County real estate market, why wait until prices are even higher? Now is a great time to purchase your ideal ski property to enjoy the rest of the 2015/2016 ski season.
For additional information on the Breckenridge real estate market, properties you view online or questions in general please contact Krystal Knott with Christie’s International Real Estate. I have over 10 years of, full-time experience and expertise in the Breckenridge and Summit County real estate market. Call today to discuss your ideal mountain property, 970.333.0116.