Buyers interested in purchasing Breckenridge, CO real estate are finding themselves with an abundance of options that could result in some very favorable appreciation in the near term. Though the strength of our market is the steadfast nature of the seller and their unwillingness to yield on their list price, they have found that the buyers are increasingly more conservative as we move towards the middle of the recession of 2008. Despite this difficult situation we face in the real estate market Breckenridge represents a market that appears to be both HOT AND COOL.
Breckenridge has more properties for sale per available units than any other market in Summit County. This means that out of the almost 7700 residential units in Breckenridge, CO there are 745 units for sale. Compare that to the Frisco market where of the 3450 residential units there are only 137 properties listed for sale. Percentage wise, Breck properties for sale account for 9.6% of the total units where Frisco’s units for sale only represents about 4% of the total units available. This fact should suggest that the Breck market has cooled off considerably. However, the pending home sales tell a very different story.
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