Summit County Market Updates Blog
Breckenridge and Summit County Real Estate Market Trends, Updates, and Insights
What to do in Summit County | May/June 2023
Spring skiing at A-Basin and Breckenridge is an experience like no other. As the temperatures rise, skiers and snowboarders can take advantage of the warm sun and soft snow conditions. Arapahoe Basin, also known as A-Basin, is known for its long season and late spring skiing. With its high elevation, A-Basin typically stays open until June or early July, providing ample opportunity for spring skiing and snowboarding. Breckenridge also offers great spring skiing with its high alpine terrain and diverse terrain. The resort often hosts spring events such as the Spring Fever festival, which includes live music, competitions, and après-ski parties. So, if you're looking for some fun in the sun while still hitting the slopes, spring skiing at A-Basin and Breckenridge is definitely worth checking out.
Real Estate vs. Bank Account - Ask ChatGPT
I enjoy real estate, economics, and tinkering with new tech. Therefore, I asked ChatGPT to remind me of a few facts about our financial system and why I love real estate. Underlined are a few subjects I asked ChatGPT to explain to me in 1 paragraph and below each are ChatGPT's responses.
Summit County Real Estate Market Update | 3/26/2023
The current state of the real estate market in the United States is showing some positive signs as we head into the traditionally busy Spring and Summer real estate season. According to recent data, the average…
Summit County | Overview of New Short-Term Rental Regulations
The new rules, which went into effect on January 1, 2022, only apply to neighborhood overlay zones within the county. Resort zones are unaffected by the new regulations. The regulations impose a cap on the number of short-term rental licenses for properties in each of the drainage basins of the county. These caps will be achieved through attrition, meaning that licenses will only become available when existing licenses are not renewed or are revoked. Licenses are also non-transferrable except in very specific cases.
Snapshot: January 2023 Real Estate Market in Summit County, CO
Summit County, CO has always been a popular destination for real estate investment due to its scenic beauty, close proximity to major cities, and abundant recreational opportunities. The latest data on the January 2023 real estate market in Summit County shows that the average sold price was $1,277,584, which is a decrease of 11% compared to January 2022.
Summit County Real Estate Market | 2022 Recap
It's been a year since the last annual real estate market update, and the numbers for Summit County, CO are in for 2022.
Breckenridge December 2022 Market Update
The end of 2022 is quickly approaching and so it’s time to look back to see how the first 11 months of 2022 compared to 2021 in the real estate market.
2021 was one of the hottest real estate markets of the last few decades. Interest rates were historically low and large portions of the population chose to relocate or buy second homes. The economy was flooded with money after the government implemented drastic measures and increased the money supply through the pandemic. Meanwhile, the pandemic was winding down and many cash-flush people decided to escape big cities and head for the mountains of Breckenridge and Summit County.
November 2022 Real Estate Market Update
The bite of higher interest rates is being seen in the data this Fall and Winter. The cost to borrow has increased significantly through 2022 which has caused some buyers to be priced out of the market. The quantity of real estate transactions in November is down 42% when compared to November 2021. Meanwhile, the average sold price for properties sold in November is up 6%. Year-to-date, the sales are down 40%, with the average sold price up 16%. Sales in November are at 97% of the list to the sold price. Click the link below to read the full November market update blog post.
Summit County Market Stats for Oct. 2022
October 2022 is now behind us. The Aspens have shed their leaves and the snow has begun to fall in the mountains of Summit County! As we move into ski season, it’s time to look back and see how the market fared in October. Below you will find the single-family home stats.
Breckenridge Real Estate Market Conditions | 10/28/2022
Breckenridge real estate update end of October 2022