Hello all!<\/p>\n
Happy New Year! Snow pack is shockingly low this year, but Short Term Rentals were still up 2.1% for December 18- January 4 in Breck. Snow is in the forecast this week so do your best snow dance! I hope you get to enjoy it soon.<\/p>\n
FUN FACTS:
\nBreckenridge # of transactions are UP 24% YOY.
\nFrisco # of transactions are UP 37% YOY.
\nSilverthorne # of transactions are up 3% BUT their condo sales are DOWN 20%. They flooded their market with new construction condos.
\nDillon # of transactions are DOWN 23% YOY.
\nKeystone # of transactions are FLAT.
\nCopper # of transactions are down 10% but there are few sales overall.<\/p>\n
**58% of all Active Summit County listings have had price reductions.
\n**Properties are selling at 97% of list price.
\n**75 days is NOT a lot of days on market for 2nd homes and luxury properties :).
\n**Active listings are currently up 47% YOY. We are almost back to normal levels.
\n**Pending listings are currently down 29% YOY. But sales are not. Keep calm and carry on.<\/p>\n
TOTAL Sales for Summit County
\nJanuary-December
\n(Over the same months last year)
\nSALES STATS
\nTotal Sales are UP 14%
\n445 Active Listings, 227 Listings are Under Contract
\nAverage Prices are FLAT
\n37% of Buyers are Front Range, 35% are Out of State, and 28% are Locals\/Retirees (surge in Deed Restricted Sales)
\nAverage Days on market is up to 75 DAYS
\n39% of Transactions were Cash in Nov
\nLuxury sales over $1,500,000 are UP from 407 to 469 sales over the same months last year. <\/p>\n
Based on the last list price of the properties sold January through December 2025…
\n\u2022 $200,000 to $400,000 had 78 properties sold (many deed restricted)
\n\u2022 $400,000 to $600,000 had 188 sales.
\n\u2022 $600,000 to $800,000 had 230 sales. This is our hottest segment.
\n\u2022 $800,000 to $1,000,000 had 204 sales.
\n\u2022 $1,000,000 to $2,000,000 had 465 sales.
\n\u2022 $2,000,000 to $3,000,000 had 175 sales.
\n\u2022 $3,000,000 to $4,000,000 had 59 sales.
\n\u2022 $4,000,000 and over had 57 sales with the highest being $14,850,000!<\/p>\n
One of my favorite stats to review is the number of sales per year since 2004.
\n2004 \u20142182 solds
\n2005 \u20142470 solds
\n2006 \u20142493 solds
\n2007 \u20142146 solds
\n2008 \u20141214 solds
\n2009 \u2014 917 solds (ouch)
\n2010 \u20141005 solds
\n2011 \u20141118 solds
\n2012 \u20141319 solds
\n2013 \u20141534 solds
\n2014 \u20141685 solds
\n2015 \u20141945 solds
\n2016 \u20141862 solds There was a lack of inventory in 2016.
\n2017 \u20141975 solds This is the highest number of sold properties since 2007.
\n2018 \u20141810 solds
\n2019 \u20141785 solds
\n2020 \u20142142 solds
\n2021 \u20142137 solds 2020 and 2021-There was not a shortage of inventory, Buyers just had to move ex\u00adtra fast to get it.
\n2022 \u20141361 solds We are down 24% compared to a normal market of 2018 or 2019.
\n2023 —1263 solds Low inventory and High interest rates.
\n2024 —1272 solds
\n2025 —1439 solds<\/p>\n
Total SINGLE FAMILY sales for Summit County January-December
\n(Over the same months last year)
\nSALES STATS
\nTotal Sales are UP 26%
\nDays on Market = 62
\nAverage Prices are DOWN 3%
\nTotal CONDO sales for Summit County
\nJanuary-December
\n(Over the same months last year)
\nSALES STATS
\nTotal Sales are UP 8%
\nDays on Market = 56
\nAverage Prices are DOWN 5%
\nIn Other Summit News<\/p>\n
Considering the dismal snow totals, I think the STR numbers are not so bad. The Town of Breckenridge reports STR rentals are up 2.1% for December 18th through January 4th. They report Winter Season bookings down 6%. We have had record bookings in the recent past so this is not so bad. If we could get a decent storm, it could turn this number around as well.<\/p>\n
Breckenridge Short Term Rental (STR) properties in Zone 2 have worked through the surplus\/ overage of in-hand licenses. We are now working with a 1 in 1 out system in Zone 2. There are a total of 22 owners currently on the waitlist that potentially get a license as a property sells and gives one up. Maybe 10 owners will get a license this year? Zone 3? Don’t hold your breath!<\/p>\n
To view my premium ad in Mountain Homes Illustrated (inside front cover), click here. As always, check out my website at www.MountainRE.com. You can find the Town of Breck ZONE map on my website under “Breck Fast Facts”.<\/p>\n
My commitment to you is the very best service, systems, and education to make your transaction the most successful possible. Give me a call today for a free market analysis and let my experience work for you!<\/p>\n
If you have thought about capitalizing on the appreciation of your home, give me a call. I can give you the stats of a specific neighborhood or town. I would be happy to take a look at your specific market, and see what is best for you.<\/p>\n
All my best to you and your family,<\/p>\n
Erika B. Schmidt
\nSummit County Top Producer
\nColorado RE Broker\/Owner, CRS, ABR, SRS, GRI, CNE, SFR
\nPeak Mountain Real Estate, LLC
\n160 E. Adams St, Ste B-1\/ PO Box 4326
\nBreckenridge CO 80424
\nWebsite: www.MountainRE.com
\nE-mail: BMRE@LIVE.COM
\nCell: 970-409-9236<\/p>\n
SRS, Seller Representative Specialist
\nABR, Accredited Buyers Representative
\nCRS, Certified Residential Specialist
\nGRI, Graduate of Real Estate Institute
\nCNE, Certified Negotiating Expert
\nSFR, Short Sale and Foreclosure Resource<\/p>\n","protected":false},"excerpt":{"rendered":"
Hello all! Happy New Year! Snow pack is shockingly low this year, but Short Term Rentals were still up 2.1% for December 18- January 4 in Breck. Snow is in the forecast this week so do your best snow dance! I hope you get to enjoy it soon. FUN FACTS: Breckenridge # of transactions are UP 24% YOY. Frisco # of transactions are UP 37% YOY. Silverthorne # of transactions are up 3% BUT their […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[1],"tags":[],"jetpack_featured_media_url":"","_links":{"self":[{"href":"http:\/\/www.mountainre.com\/index.php?rest_route=\/wp\/v2\/posts\/2105"}],"collection":[{"href":"http:\/\/www.mountainre.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.mountainre.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.mountainre.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/www.mountainre.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=2105"}],"version-history":[{"count":2,"href":"http:\/\/www.mountainre.com\/index.php?rest_route=\/wp\/v2\/posts\/2105\/revisions"}],"predecessor-version":[{"id":2107,"href":"http:\/\/www.mountainre.com\/index.php?rest_route=\/wp\/v2\/posts\/2105\/revisions\/2107"}],"wp:attachment":[{"href":"http:\/\/www.mountainre.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=2105"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.mountainre.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=2105"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.mountainre.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=2105"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}