Breckenridge Real Estate Blog

With the end of summer nearing, the busy fall housing market is right around the corner. In Breckenridge, that usually means buyers will be rushing to find the perfect place to call home, or perhaps vacation, just ahead of ski season. And if you’re someone who falls into the latter category and plan to be looking for a new ski condo, here are several common mistakes you’ll want to avoid during your search. 

Not Paying Close Enough Attention to Location 

Although this may sound obvious at first glance, many buyers truly don’t understand a building or complex’s location before signing on the dotted line. Sure, being close to a ski lift is ideal but how close are you to other community amenities and attractions that interest you? How far away are the

Breckenridge Oktoberfest

Date: September 6-8, 2019
Kick off this classic high country celebration at 2pm on Friday, September 6th with food, authentic polka music, dancing, and of course, BEER! With a full weekend of events, you have your choice of attending one of the three beer garden timeframes or heading to the brewmaster dinner.

After partaking in a beer or seven and a head-size pretzel, it will nearly be impossible to tell you are in Breckenridge and not across the pond in Munich, although we do have to say that the surrounding views may tip the scales in our direction. Whichever day you decide to attend, do not, repeat do not forget your beer stein from year’s past to show off your dedication to this name-stake three day event.

Purchase

If you’re wondering how the Summit County housing market looks as we approach the end up summer, here’s a quick look at the most recently released stats…

Summit County Inventory is on the Rise

As it normally does around this time of the year, inventory throughout Summit County is rising. Back in early July, the Summit County market had 28% more properties listed than it did at the beginning of June. The most significant gains have been in Frisco, Dillon, Keystone, and Silverthorne, while Breckenridge only accounts for about 30% of the new inventory added to the market. 

Average Sold Prices Are Also Increasing 

Through the first half of 2019, the average sold price was up 10% and properties are also selling a full day faster compared to last

It’s been well-documented that the month of May is usually the best time to sell home. According to data from ATTOM Data Solutions, which analyzed 14.7 million home sales from 2011 to 2017, home owners listing their home in May saw the strongest premium paid above estimated market value than any other month. 

But since May 2019 has long been in the rearview mirror and we’re only just now kicking off the month of August, we thought we’d explore why Breckenridge home owners should sell a home or condo during the start of back-to-school season.

Here’s what we found…

August may be the best month to sell in the summer

According to that same data from ATTOM Data Solutions, August may be one of the better months to test the market during the summer

If you’re planning to be in the market for a fabulous yet affordable ski-in/out condo ahead of the upcoming ski season in Breckenridge, here are 3 communities that are the perfect place to begin your search right now. 

River Mountain Lodge 

The River Mountain Lodge complex sits right near the Breckenridge Gondola and offers affordable studio units with an affordable price tag. Also enjoy underground garage parking, an outdoor pool in the summer, a small fitness center, and a fabulous covered hot tub once making an investment here. 

Liftside 

As the name appropriately suggests, Liftside in Breckenridge provides the absolute perfect ski-in/out location. The QuickSilver lift lies just outside the complex and you’ll also be just a block from

Breckenridge International Festival of Arts

Date: August 9–18, 2019
On its 5th anniversary, the International Festival of Arts has coordinated a blow-out of activities as it dives into a celebration of nature, adventure, and creativity. A mix of both free and ticketed events, there is a n opportunity for all to partake in 2019’s Breckenridge International Festival of Arts. Find full event details here. 

Highlights

Blue River @ the Gallery@OMH
An exhibition, created by the mastermind Giuseppe Licari (Rotterdam, Netherlands), reinvents the gallery into a still-smoking forest in the aftermath of a devastating fire.
Event Details 

Trail Mix
A 10 part event, the free Trail Mix explores four different trails throughout Breckenridge, each with its

While buying a condo on the first floor in Breckenridge certainly has advantages, especially when it comes to lugging all your ski gear inside, there’s still something ultra-appealing about calling the top floor home. In real estate, we always reference the phrase “location, location, location” when talking about buying and selling a home, and when we’re talking condos specifically, vertical location also matters, and here’s why…

It’s Always Warmer on the Top Floor 

If you paid any attention during your early science classes, chances are you already know that heat rises. So when the temperature drops and the Breckenridge snow starts to fall, the heat being cranked up from all those lower-level units will help keep your place nice and cozy.  

More

The number of people who work from home is on the rise, which means adding a home office can only be beneficial for existing home owners. So even if you're not already among those who office from the comfort of their own home, here are several reasons why you still might want to add an office space to your Breckenridge residence…

Increase your home’s value 

If you already have extra space in the form of a den or a sun room, transitioning that space into an office probably won’t do much good, especially if you don’t plan on using it. But if you creatively take advantage of unused space or even add-on to your home, chances are it’ll only increase its value. 

Contribute to environmental benefits 

Fewer daily commutes means fewer emissions being

U.S. News & World Report has once again unveiled their annual list of the 25 best small towns to visit in America, and three are located right here in Colorado. Rankings for the list are based on expert and user opinions, and the website’s methodology claims to score each city in 10 different categories, which include, among other things attractions, culture, dining, adventure, nightlife, and romance. In addition, each city evaluated must also have a population of 50,000 people or less. 

Taking home this year’s top spot overall is Telluride, another Colorado resort town located about 5 hours south of Breckenridge. Not surprisingly, Telluride scored particularly well in the adventure category thanks to its more than 2,000 acres of skiable terrain, and

4th of July in Breckenridge

Date: July 4, 2019, All-Day
Riverwalk Center

Independence Day in Breckenridge is a highlight of the summer with a full day of activities for the entire family and one of the most patriotic celebrations across the state. Kicking off the day, you can either participate or watch the 10k trail run and Firecracker 50 (an intense solo or team mountain bike race through Breckenridge’s most iconic cross country trails). Following the Firecracker 50 start, the iconic town parade heads down Main Street (register your float from the link below!). One of the newer events, but already a fan favorite is the Breckenridge Creative Arts’ “Street Arts: Spangled,”. The streets of Breckenridge are decorated in a full celebration of