Record $8.285M home sells at end of 2009 in Breckenridge

Local $2 million-and-above home sales in 2009 beat 2008 numbers

An article in the Summit Daily News, by Robert Allen on January 6, 2009 reports that the most expensive home in Summit County history occurred last week. Located on the Trygve ski run going directly to the base of Peak 8, the 6,565 square foot, seven-bedroom, nine-bath, four-fireplace, three-car garage, custom home sold for $8.285 million.

Additionally, transactions for homes in the $2 million and above range were actually up in 2009 over the same period last year, even though some of these homes had dropped their initial asking prices. This, in spite of the fact that overall sales of local homes were down from previous years.

According to a local realtor, there is demand from people who want a home in a resort area and are looking to expand their [investment] portfolio without having everything in the stock market.

For more information about Breckenridge real estate, go to www.Breck4Sale.com, or contact Susan Gunnin.