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What Do All These Charts Mean?
We have a red hot seller's market for
condos, and the market for
land is heating up, too. This is the strongest market in Breckenridge, ever! There are 36% fewer properties for sale, compared to last year at this time (early November).
And there are half as many condos available, as last year!
Figures 1-3 are for the
greater Breckenridge area: From Hoosier Pass to the southern tip of Lake Dillon.
Roger & Teresa Moen are pleased to prepare these Breckenridge real estate
market statistics, just for our clients! The figures show MLS-reported sales of all
residential properties: single family homes, condos, townhomes, duplexes, and vacant land.
Figure 1 shows that
sales volume for 2005 is going through the roof! The underlying data shows that as of 10/15/2005, sales volume is up 51% compared to 10/15/2004! The number of sales is way up, too -- up 28% over last year. Prices are definitely headed higher.
Figure 2 plots the number of properties sold, during each half-month period. 2005 had the
strongest August and September, ever. The
most popular price range for homes sold through 10/31/05 is $400K to $499K. For condos, it's $225K to $250K, and for vacant land: $225K to $250K.
Figure 3 shows the number of
properties on the market, on any given day. There are 36% fewer properties on the market now, vs. last year on this date. In particular, the number of condos for sale continues to plummet. As of 11/1/05, there is an
8-month supply of homes,
a 2-month supply of condos, and a
10-month supply of land.
Last year on the same date, the numbers were 13 months of homes, 5 months of condos, and 23 months of land.
Prices are going up!
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