It's a Seller's Market in Breckenridge
Are you thinking about listing your Breckenridge home for sale? Now is the time to do so. Thanks to our gorgeous surroundings, exceptional infrastructure and overall high quality of life, Colorado’s playground is becoming ever more desirable for prospective buyers.
It’s a great time to sell your home in Breckenridge – really great. Thanks to the strong market in Summit County, property values have increased by approximately $2.5 billion since 2016 alone – with residential properties accounting for roughly $2.3 billion of those increases, according to recent data from Summit County Assessor.
As of June 30th, the average price of a home sold in Summit County was just shy of $1 million. Townhomes and condos trended up with a 14% increase in median selling prices from last year as well, indicating an extremely positive seller’s market across the board throughout the County. This steady incline started back in 2012 and has been climbing ever since.
What does that mean for you if you’re considering selling your Breckenridge home? It means you should be confident knowing you’re about to sell in one of the hottest seller’s markets our area has seen. According to market research, sellers are getting – on average – 97% of their listed asking prices. In more “moderately priced” neighborhoods, some sellers are seeing even greater results, upwards of 100%.
Experts say Summit County’s real estate market is showing growth akin to the boom in 2007 before the recession – and business is booming.
Barring a significant change in the market, you can also take solace that experts predict property values in Summit County to continue steadily increasing throughout 2019.
If you’re thinking about buying real estate in Breckenridge or Summit County, don’t let this information discourage you. While home prices are increasing every year, the data shows this is a factor you can count on down the road when it comes time for you to sell. A continuously strong seller’s market might not bode as well for buyers, but it certainly guarantees a strong return on investment for everyone.
Are you ready to take advantage of the current seller’s climate? Contact me today: