Luxury Homes For Sale in Breckenridge, Colorado Market Update
Luxury homes for sale in Breckenridge Real Estate can be described as any singly family home listed for sale over $1 Million. This segment of the Breckenridge Colorado Real Estate market appears to be where Buyers are finding some of the best deals. Below is a graph showing the average sold price per square foot for all Breckenridge home sales over $1 Million from 2003 to 2011 year to date.
Luxury Home Sales in Breckenridge Over $1M - Average Sold $/SF
2003 - $303/square foot
2004 - $339/square foot
2005 - $343/square foot
2006 - $363/square foot
2007 - $412/square foot
2008 - $425/square foot
2009 - $380/square foot
2010 - $351/square foot
2011 - $337/square foot
The average sold price per square foot for luxury home sales in Breckenridge Real Estate is back to 2004/2005 levels. This is great news for Buyers looking to purchase Breckenridge CO Real Estate.
What does this mean to a Buyer looking for a luxury home for sale in Breckenridge CO Real Estate?
Now is a great time to view homes over $1 Million in Breckenridge Colorado as there are great deals on the market. There are 131 properties for sale in Breckenridge over $1 Million. The lowest listed price per square foot is $186 and the highest listed price per square foot is $1,252.
Breckenridge Luxury Home Sales Per Year 2003 - 2011 YTD
2003 - 36 Sales
2004 - 34 Sales
2005 - 72 Sales
2006 - 92 Sales
2007 - 89 Sales
2008 - 68 Sales
2009 - 78 Sales
2010 - 60 Sales
2011 - 56 Sales with 4 Pending
How is the Breckenridge Luxury Home Market?
The Breckenridge luxury home market is fairly stable. As of today with 56 sales having already occurred and 4 properties under contract we are on track to do the same number of sales as last year. With two and a half months left in 2011 luxury homes sales in Breckenridge will most likely surpass those sales of 2010.
To start your search for a luxury home for sale in Breckenridge Real Estate, contact Krystal Knott with Ten Peaks Sotheby's International Realty. We have represented many luxury home buyers in Breckenridge and Summit County Real Estate and have seen many of the homes on the market. Let us find you and your family the perfect mountain property before the Holiday Season.
Sounds great of the Breckenridge luxury home. The market has maintained its stability for years and for sure in the years to come, it'll grow better and more stable. Now, is the best time for buyers to grab a deal for a property.
ReplyDelete