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Breckenridge Homes For Sale & Market Update – December 2014
As of December 2014, there are 153 Breckenridge homes for sale in the Breckenridge Real Estate market. Breckenridge home prices start at $276,500 for a 1 bedroom/1 bathroom 880 square foot A-frame home up to $9,750,000 for a ski-in/ski-out 7 bedroom home with 6,284 square feet. These Breckenridge homes range in age from 1890 for an in-town Victorian home to a new construction home that won’t be ready until 2015. The average list price for a home for sale in Breckenridge, Colorado is $1,738,702 which is much higher than the average sales price so far in 2014.
From January through the end of November 2014, there have been 226 homes sold in the Breckenridge/Blue River area. The average sold price has increased +15.98% over the same period of time in 2013 from $835,109 to $968,568. While this is a sizeable jump, it does not mean that all homes in Breckenridge and Blue River have appreciated this much over the previous year. This may be attributed to the increase in sales over $2 million which have almost doubled from 10 in 2013 to 19 in 2014. Many of these homes are located in ski-in/ski-out locations which command not only a higher price but also a higher price per square foot.
The average sold price per square foot increase from 2013 to 2014 paints a more accurate picture of the appreciation and recovery the Breckenridge Real Estate market is seeing. In 2013 the average sold price per square foot for Breckenridge homes was $291.60 while so far in 2014 the average is $314.40, which is a +7.82% improvement. While the Breckenridge home market is on the rebound compared to the more stagnant market we saw in 2013, the average sales price for Breckenridge homes is still lower than the height in 2008/2009. In 2009 the average sold price for a home in Breckenridge was $1,046,570 which compared to 2014 is lower by -7.45% and the average sold price per square foot is down from the height in 2008 by -11.30%.
What this means for Buyers looking for a Breckenridge home for sale is that while the market is moving in an upward trend, prices are not back to their height and as some would say “you have not missed the boat”. Sellers: now is a good time to consider selling if you are looking to downsize/upsize, switch locations, or sell a home for a different reason. For additional information about Breckenridge homes for sale or to discuss selling your Breckenridge home, contact Krystal Knott with Fuller Sotheby’s International Realty. We are full-time brokers with over 16 years of combined experience and knowledge of Breckenridge CO Real Estate. Call us at 970.333.0116 or visit our website to browse all Summit County Real Estate for sale. We look forward to assisting you in finding your ideal Breckenridge home.
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