Welcome to our latest market update at BuyBreck.com, your premier real estate resource for Summit County, Colorado. We’re diving into the first quarter of 2024 to see how our local market has fared. As a dedicated agent with RE/MAX Properties of the Summit in Breckenridge, I’m here to give you insights that could guide your next real estate decision in this vibrant area.

As we step towards Spring, Summit County's real estate landscape has already painted an optimistic picture, and it's my pleasure to bring you the latest updates and trends from January and February 2024, as compared to the same period last year. Whether you're considering selling your mountain abode or eyeing your next ski retreat, these statistics from BuyBreck.com will guide you through the current market pulse.

As a trusted resource for homeowners and potential buyers in Summit County, Colorado, we're here to keep you informed about the latest developments that affect your property investments (current or future), especially when it comes to short-term rentals. A significant recent change has occurred in our beloved Keystone. On February 8, 2024, Keystone marked a historic milestone by electing its first mayor and officially incorporating as the newest town in Colorado. This transition from an unincorporated area to a town has prompted questions about the implications for short-term rental (STR) regulations within Keystone, especially given its previous designation as an unincorporated Summit County “resort zone” with no cap on STR licenses or reservation limits.

Welcome to the latest market update for Summit County's real estate landscape. I'm Brady Stout, your local realtor and guide to all things property-related in our beautiful corner of Colorado. As we delve into the numbers, it's clear that Summit County has been on a consistent upward trajectory over the last two decades. This steady growth speaks volumes about the enduring appeal of our region – a place where the mountains meet modern living.

As we say goodbye to 2023, let's take a stroll through Summit County's real estate market, a landscape as varied and exciting as our beautiful Colorado seasons. Last year was a journey of subtle shifts and promising growth, painting a picture of a resilient and dynamic market. Here’s our story from the mountain tops of Breckenridge to the bustling streets of Frisco!

This year, my wife Anna and I embarked on a heartwarming family tradition – cutting our own Christmas tree in the breathtaking White River National Forest near Breckenridge. Accompanied by our energetic 10-month-old German Shepherd puppy, Gibbs, we set out on a serene morning after a fresh snowfall. The experience was not just about getting a tree, but about creating lasting memories, surrounded by the tranquility and natural beauty of the forest.

Nestled in the heart of Breckenridge, River Mountain Lodge presents a remarkable one-bedroom condo that epitomizes mountain living with a twist of urban excitement. As you step into this generously sized condo, you are greeted by a harmonious blend of comfort and style. The welcoming living space, centered around a cozy fireplace, becomes a perfect setting for relaxation after a day on the slopes or a vibrant evening on the town.

As we navigate through the last quarter of 2023, Summit County's real estate market has shown remarkable resilience in the face of shifting national trends. This mountainous haven, renowned for its picturesque landscapes and vibrant communities, continues to be a sought-after destination for homebuyers and investors alike.

Real estate investors have a potent tool at their disposal for deferring taxes while continuing to grow their investment portfolio: the 1031 exchange. Named after Section 1031 of the U.S. Internal Revenue Code, this strategy allows an investor to postpone paying capital gains taxes on an investment property when it is sold, as long as another "like-kind" property is purchased with the profit gained from the sale. Here's a closer look at how 1031 exchanges work, the required timeline, the role of intermediaries, and the potential tax consequences.

The allure of the Colorado mountains isn't just about breathtaking views and a plethora of outdoor activities—it's also about the booming real estate market. Summit County, with its pristine landscapes and robust community, is a prime example of this surge in mountain real estate. Here at BuyBreck.com, we've taken a deep dive into the most recent data to understand the current trends and what they mean for both buyers and sellers.