The real estate market is extremely hot all over the United States but particularly hot in Breckenridge, Colorado. If you are looking for Breckenridge homes for sale it can be extremely difficult to be a buyer as most listings are receiving multiple offers due to the demand for homes exponentially exceeding the supply. Roughly 1% of all homes for sale in Breckenridge are selling above list price. However, if homes become marked as a “hot home” on real estate sites such a Redfin they tend to sell for 4% above list price due to the increased demand for that particular home. These “hot homes” also tend to go under contract in as little as three days!
The average home sale in Breckenridge is $1.98 million, which is a 92.3% increase from 2020. This is an extraordinary leap in price. The average price per square foot is $700, which is a 33.3% increase from 2020. The average home goes under contract in as little as 12 days. These numbers truly just confirm what a sellers market it is. With interest rates remaining at record lows buyers are trying to take full advantage.
