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