Market Update: End of January 2013

Residential sales in January 2013 in Summit County are down -10%. The Breckenridge area is down -15% and the rest of the county is down -7%.

We’re only into the second month of 2013, so it's too early to declare a market trend for the new year. But here's where we've seen a shift in Breckenridge:

·       Under $250k: no change, sales are the same

·       $200k-$300k:  sales increased +33% (three sales in Jan 2012; four sales in Jan 2013)

·       $500k and $1 million are down -10%

·       $1 million to $1.5 million: no change (three in both Jan 2012 and Jan 2013) 

·       In the price range above $1.5m, there were no sales in 2012 and three sales in 2013. This increase has shifted our average sale price upward, but is not an accurate, broad statistic.

At this time in 2012, the average list price was $733k; today, the average list price is $720k. Compared to last year at this time, our inventory is -12%.

Susan Gunnin,  Broker/Partner
Breckenridge Real Estate Group
Direct: (970) 389-0182
gunnin@colorado.net
www.breck4sale.com

Interested in talking about the market? Give me a call and let’s get started. I’ve been assisting buyers and sellers reach their real estate goals since 1991.