Breckenridge Colorado Real Estate Market Overview April 2024

Breckenridge Colorado Real Estate Market Overview April 2024

Breckenridge Real Estate Market Overview April 2024

Market Conditions

As of April 2024, Breckenridge is a city in Colorado with 29 zip codes. There are 306 homes for sale, ranging from $420K to $20M. The median listing home price is $1.8 million, with a median price per square foot of $974. Homes are selling for a median price of $1.6 million, reflecting strong demand in this competitive market.

Source: Realtor.com

Recent Sales and Listings

The average days on market for homes in Breckenridge is approximately 75 days. The balance between listing and sold prices indicates a competitive market. Despite broader economic conditions, the local market remains strong.

Source: Realtor.com

Market Trends

Breckenridge properties often receive multiple offers, with a sale-to-list price ratio close to 98%. Townhomes and condominiums have seen price increases due to high demand. The market remains attractive for both buyers and sellers.

Source: Realtor.com

Outlook for Buyers and Sellers

Breckenridge presents a balanced market. Buyers have options and negotiating power, while sellers with well-priced homes can expect quick sales. The market saw significant activity in Q1 2024, with increased closed sales volume compared to the previous year.

Source: Realtor.com

Neighborhood Insights

Breckenridge's neighborhoods offer unique features. Historic Downtown is known for Victorian homes, while The Highlands offers luxury homes with mountain views. Warriors Mark is popular for ski-in/ski-out properties. Each neighborhood caters to diverse buyers.

Source: Realtor.com

Investment Opportunities

Investing in Breckenridge real estate may be lucrative due to year-round appeal and a strong rental market. Short-term vacation rentals are popular, and long-term rentals provide consistent income. The thriving tourism industry supports a steady stream of renters.

Source: Realtor.com

For more detailed information and real-time updates on the Breckenridge real estate market, visit Realtor.com.

Real Estate Listings - United States | Hard Hat Real Estate
Back to blog

Leave a comment

Please note, comments need to be approved before they are published.