Archive for May, 2011

Just Sold 1193 Indiana Creek Road

I just sold this lovely exclusive 9028 square feet house with swimming pool on 2.62 acres with great mountain views in Spruce Valley Ranch which has the best amenities in Breckenridge  and is located just a few miles south of town. This was a bank owned property and my buyers got a sweet deal! Originally it was listed at $2,699,000 in August 2010 but sold at $1,500,000 in May 2011. The subdivision features tennis court, picnic area, horse stable, boat house, trap and skeet, trails, cross country skiing, and snowshoeing. To learn more about this subdivision you can go to their web site svrbreck.com  and send me an email. I will be glad to email you all homes for sale in this beautiful subdivision.

S373138 101 12 Just Sold 1193 Indiana Creek Road


S373138 201 73 Just Sold 1193 Indiana Creek Road

Breckenridge Events May 26 – June 4 2011

BRECKENRIDGE CALENDAR of EVENTS: (a) – Activity (b) – Bar/Club/Nightlife (c) – Cultural Activity (e) – Event (h) – Historical Activity (i) – Information (k) – Kids’ Activity/Event(r) – Restaurant/Food (s) – Shopping

Breckenridge Events for May 26 – June 4
Thu May 26 Breckenridge Recreation Center
880 Airport Road

BodyPump 6:15am & 7:45am; Basic Yoga 9am; Cycling 12pm; Yoga 12pm; BodyPump 5:30pm;
Visitors Looking for real estate in Breckenridge?

Visitors Looking for real estate in Breckenridge?
7:30 am Yoga – Beginner Ashtanga Flow
Old Colorado Mountian College (114 South Harris Street) Ends @
8:45

Cooke has been teaching yoga as an adjunct professor of yoga at CMC since the fall of 2006. He earned a Masters degree in Education from the University of Denver and a Bachelors degree from Colorado…
2:00 pm Open Studio at the Quandary Antiques Cabin
131 South Ridge Street Ends @
6:00

Drop in and play with clay. Open studio is intended for ceramic enthusiasts that have some experience. Work on a clay project of your choice with limited instruction. $12 drop in fee includes 1/3 bag…
6:00 pm Textile Club
Fuqua Livery Stable, 110 East Washington Avenue Ends @
9:00

Try a new textile medium each month including Batik, Silk Painting, Tie Dying and Sewing. Tonight we’ll experiment with Batik. Read more »

Summit County Real Estate Market Update


Enjoy the market update below and I hope you find the information interesting and if you know of anyone looking to get into this resort market send them my way! And if there is anything we can do for you, just let me know.


The General Market. Summit County real estate residential sales are up 19% (listings sold) with the average sold price down 3 percent. A little digging shows that the Summit North side of the county (Frisco, Copper, Keystone, Dillon and Silverthorne) are up by about 4 extra listings sold with about a 15% decrease in average sold price. The Breckenridge real estate area is up about 41% in listings sold and up 1.2% in average sold price.


A little more Detailed Market View. Digging even deeper shows each area’s residential sales and the positive or negative change in the average sold price and the number of listings sold comparing 2010’s 1st quarter to 2011’s 1st quarter. It is still early in the year and with the vast majority of sales yet to come this year a lot can change and with some of the small numbers in some of the areas it doesn’t take much to start a new trend or witness a substantial swing in either direction.


The Condominium Market. A very noticeable change in both the number of sales and the average sold price and as the graphs below show the entire change is due to the Breckenridge condo market. The Summit North condo sales for the 1st quarter in 2010 were at 53 and in 2011 the number of condos that sold were 53 with a combined decrease in the average sold price of about 9 percent. About half of the Breckenridge increase in sales were driven in part due to a newer project being sold off at dramatically reduced prices coupled with other newer and more expensive condominiums selling in the Breckenridge area.

What Price Range is Selling? The graph below shows all the residential sales for the 1st quarter by price range by the sold price. Interesting that 65% of our Summit County real estate market is selling in the zero to $500,000 range with 28% in the $500,000 to $1,000,000 range. Or 93% of all sales so far in 2011 (1st quarter) have been under $1,000,000. The percent to list for properties that sold in the $500,000 to $1,000,000 range is 90% and the under $500,000 range it is 92%.


The Single Family Home Market. Not as dramatic as the condo market with 51 selling in Summit County during the 1st quarter of 2010 and 53 selling in 2011 with about a 3.5% decrease in average sold price. The increase was in the Breckenridge market with 3 more sales in 2011 and the Summit North witnessed 1 less sale in 2011. The bigger change is in the average price where the Breckenridge area witnessed a 3% gain and the Summit North (Frisco, Copper, Dillon, Silverthorne and Keystone) witnessed a 19% loss.

A little more Detail on Sold Prices. Breaking it down by Breckenridge and Summit North (Frisco, Copper, Keystone, Dillon, Silverthorne) shows that 100% of all the sales in the Summit North area have been under $1,000,000 and almost 80% of the market in the Summit North is under the $500,000 level. Breckenridge on the other hand has about 50% of their market under the $500,000 mark coupled with a large percentage of their sales in the $500,000 to $1,000,000 and the 15% that is above $1,000,000 really translates to 13 listings sold.


Percent of Market by Year Built. This is interesting and the reason the graphs have been created is to help identify the shift in the market of higher end sales or over $1,000,000 sales. All of the over $1,000,000 residential sales occurred in the Breckenridge market and they consisted of 2 condos, 10 homes and 1 townhome. The other interesting point is that the majority of these sales occurred with newer properties in amongst other like properties – 70% of those that sold were built in the 2000’s! All were built in the 90’s and newer. The average sold price of the over $1,000,000 sales in 2011 is $1,568,484 and the average percent to list price is 95% (buyers are buying high end properties that are priced dead on).


Breckenridge Events May 12 – 21 2011

BRECKENRIDGE CALENDAR of EVENTS: (a) – Activity (b) – Bar/Club/Nightlife (c) – Cultural Activity (e) – Event (h) – Historical Activity (i) – Information (k) – Kids’ Activity/Event(r) – Restaurant/Food (s) – Shopping

Breckenridge Events for May 12 – 21
Thu May 12 Breckenridge Recreation Center Updated!
880 Airport Road

BodyPump 6:15am & 7:45am; Basic Yoga 9am; Cycling 12pm; Yoga 12pm; BodyPump 5:30pm;
Visitors Looking for real estate in Breckenridge Colorado

2:00 pm Open Studio at the Quandary Antiques Cabin
131 South Ridge Street Ends @
6:00

Drop in and play with clay. Open studio is intended for ceramic enthusiasts that have some experience. Work on a clay project of your choice with limited instruction. $12 drop in fee includes 1/3 bag…
6:00 pm Summer Grill Series: Fish Meets Grill
Colorado Mountain College, 107 North Denison Placer Ends @
9:00

Fresh fish and shellfish are perfect summer grill items. Learn to select the proper items for grilling while we prepare items such as Grilled Scallops with Orange Chili Vinaigrette, Cedar Planked…

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Breckenridge Events May 5 – 14 2011

Breckenridge Events for May 5 – 14 2011

Thu May 5 Breckenridge Recreation Center
880 Airport Road
BodyPump 6:15am & 7:45am; Basic Yoga 9am; Zumba 11am; Cycling 12pm; Yoga 12pm; Cycling5:30pm; BodyPump 5:30pm; Pilates at Carter Park 6:35pm;

2:00 pm Open Studio at the Quandary Antiques Cabin
131 South Ridge Street Ends @ 6:00
Drop in and play with clay. Open studio is intended for ceramic enthusiasts that have some experience. Work on a clay project of your choice with limited instruction. $12 drop in fee includes 1/3 bag…
Tin Shop Guest Artist Program
117 East Washington Avenue Ends @ 6:00
Stop by the Tin Shop and see what guest artist Bill Guffey is working on while he lives and works there! He is an oil painter who brings life to his landscape and urban paintings. He is also an…
5:00 pm Mi Casa’s 28th Annual Cinco de Mayo Party!
600 South Park Avenue Ends @ 10:00
Celebrate Cinco de Mayo at Mi Casa with drink specials, raffles and giveaways! All proceeds benefit the Breckenridge Outdoor Education Center Willie Whalen Memorial Fund.
6:00 pm Culinary Workshop: Flavor Dynamics
Colorado Mountain College, 107 North Denison Placer
Ends @ 9:00
Learn the many facets of developing and maximizing flavors in food. Taste and learn the many uses for oils, vinegars, fresh herbs and spices while studying the importance of flavor, taste, aroma and…
6:30 pm Make a Fizzy Bath Bomb at AllenellA Studio New!
101B South Main Street. Entrance on Ski Hill Road, just west of Main Street. Ends @ 8:00
We will supply all you need to make Yummy Cupcake Bath Bombs.
All you need to bring are any drinks and/or appetizers you might want during the class. We also provide cups, corkscrews, ice buckets &… Read more »