Market Report
Breckenridge, CO 80424
Single-Family Homes
www.titlecorockies.com
Breckenridge, CO 80424
Wed Jul 17 2019
This week the median list price for Breckenridge, CO 80424 is $1,687,000 with the market action index hovering around 32. This is an increase over last month's market action index of 31. Inventory has held steady at or around 134.
Market Action Index
The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer.
| Today |
| Last Month |
Slight Seller's Advantage
Home sales have been exceeding new inventory for several weeks. However prices have not yet stopped falling. Since the market is already in the Seller's zone, expect prices to level off very soon. Should the sales trend continue expect that prices could climb from there.
Real-Time Market Profile
| Median List Price | $1,687,000 | |
| Per Square Foot | $500 | |
| Days on Market | 125 | |
| Price Decreased | 32% | |
| Price Increased | 27% | |
| Relisted | 2% | |
| Inventory | 134 | |
| Median House Rent | $1,100 | |
| Most Expensive | $18,900,000 | |
| Least Expensive | $89,900 | |
| Market Action Index Slight Seller's Advantage | 32 |
Again this week in this zip code we see a downward notch for prices. Pricing has been weak in recent weeks and versus their absolute-high level. At this point, we will be looking for a persistent upward shift in the Market Action Index as a leading indicator for a trough in prices.
Market Segments
Each segment below represents approximately 25% of the market ordered by price.
| Median Price | Sq. Ft. | Lot Size | Beds | Bath | Age | New | Absorbed | DOM |
|---|---|---|---|---|---|---|---|---|
| $4,750,000 | 5,754 | 0.5 - 1 acre | 5 | 5 | 18 | 5 | 4 | 216 |
| $2,350,000 | 4,168 | 0.5 - 1 acre | 5 | 5 | 17 | 4 | 5 | 162 |
| $1,087,500 | 2,632 | 0.5 - 1 acre | 4 | 3 | 23 | 7 | 4 | 79 |
| $552,000 | 3,216 | 0.5 - 1 acre | 4 | 3 | 24 | 9 | 3 | 47 |