Breckenridge Real Estate

Monday, January 29, 2024

#breckenridge #realestate #colorado

What can we expect in the Market in this New Year?

The new year looks to be off to a good start with strong financial markets, new lower interest rates and rumors that the Fed could actually be reducing interest rates further, making mortgages more affordable.

This bodes well for stimulating more home/investment buying and selling activity and potentially driving up property prices???

Interested in Buying, Selling or, know someone that does?

Give me a call, text or email!

Now take a Dive into 2023 Summit County Real Estate Sales Reports

The Above chart provides a comprehensive view of the 2023 sales categorized by price range. And within each price range, you can observe a visual representation of the market share, the actual number of sales and the percentage that each segment contributes to the total 2023 sales.

Note a few key findings:

- Surprisingly, sales under $500K constituted a significant portion, representing 10% of the market with 120 sales.

- The $500K to $1M range emerged as the front runner, commanding a substantial lead with 491 sales, and constituting 40% of the 2023 sales market.

- The $1M to $2M range secured a strong second position with 418 sales and capturing 34% of the market.

And be sure to check out the specifics of the residential, single family homes and condominium sales for the year, 2023 by clicking on the charts below.