For Investment, Breckenridge is hard to beat

Real estate sales run continues

This was the title of an article in the Summit Daily News on November 23, 2004. The subtitle said “Sales volume surpasses last year by 33 percent”.

A paraphrase of the article, written by Summit Daily News reporter Kim Marquis, goes on to state that the average per property selling price was up $24,000. Eric Degerberg, managing broker at RE/MAX Properties of the Summit, said that based on the RE/MAX business to date, the trend will continue. The number of October closings broke all monthly records. Vacant land – lot – sales soared 52 percent over last year.

According to Bonnie Smith Allen of Exclusive Mountain Retreats, more homes priced higher than $2 million sold than in any other year on record. Additionally, sixty-two homes priced at over $1 million have sold and another sixteen are under contract. Last year, fifty-nine such homes sold.

Susan Gunnin believes this is perfectly in line with an article reported earlier which stated that Breckenridge and Summit County are approaching “buildout”. As available property decreases, prices increase. According to Susan, “it’s simple supply and demand economics”.

If your investment portfolio needs real estate in it, Breckenridge is pretty tough to beat.

Visit Susan's web site to learn more.