Breckenridge Real Estate Blog

Colorado Ranked 8th Among the 10th Fastest-Growing State

Colorado’s high elevation and much more consistent snow gives us a strong competitive advantage. Buoyed by good snow, great national press, strong real estate sales, a wider variety of activities and more terrain, Breckenridge ski resort is attracting bigger crowds every year.

The report released by U.S. Census Bureau estimated that Colorado’s population grew by 95,267 people to reach 4,861,515. Colorado added almost 100,000 people this year, maintaining its rank as the eighth- fastest-growing state in the U.S That’s a gain of 2 percent in one year. At this rate the State is expected to surpass the 5 million population mark.

Breckenridge real estate is home to adventurous terrain and spectacular views. These are just a few of the many reasons that make Summit County homes popular. A recent report totaling the sales in five Colorado mountain resort counties, including Summit County real estate sales, touted a combined record of $8.56 billion in real estate sales in 2007.

Colorado’s neighbor to the north, Wyoming, also grew by 2 percent. Except for a brief hiatus in 2005, Colorado has ranked among the 10 fastest-growing states throughout the decade. Last year, it also ranked eighth with a 1.9 percent gain over the year before. As a result, Colorado’s population has grown by more than half a million, 559,496 - a 13.5 percent hike - since 2000.

Growth in Colorado this year

* 43,446: Natural growth (births minus deaths)

* 18,381: Net international migration

* 33,438: Net domestic migration

Summit County itself recorded sales of $1.34 billion. That figure encompasses properties right in the resorts—Breckenridge real estate, Keystone real estate, and Copper Mountain real estate—in addition to sales in nearby towns like Frisco, Dillon, and Silverthorne. Besides these, increasingly valuable properties in Breckenridge’s outlying areas are becoming more popular.

Here is how the Summit County Real Estate market compared to neighboring mountain home communities in 2007. The average home prices varied substantially in the top five counties for sales: Garfield and Pitkin Counties (Aspen area), Eagle County (Vail area), Routt County (Steamboat area), and our Summit County (Breckenridge). They range from $4.52 million in Pitkin County to an affordable $794,391 in Summit County and $450,240 in the outlying Garfield County. Eagle’s average home price was $1.41 million and Routt’s averaged out to be $928, 776.

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Resource

A Colorado Rental Property Resource for both landlords and tenants can be found at http://www.coloradorentalproperty.net . Online land lords can post detailed information regarding their rental property, including 5 color photos. The ad can be self directed by the landlord to their cell phone or property management company. This is a service provided FREE by RealEstateColorado.Net and the ad will remain on line until it is asked to be removed.
REAL ESTATE

If you would like additional information about real estate in Breckenridge Colorado as well as anywhere in Summit County Colorado contact us at 1-800-791-3990 ext 421.

Jeffery McClintock, is a real estate broker in Summit County and prides himself on providing clients with professional guidance in all phases of residential new construction, including market research, product development, consulting, marketing and advertising. His personal mission is to bring to you a level of knowledge, experience, commitment, high standards and results to answer your real estate needs. He believes, the most effective way to provide superior service is to build a strong working relationship with you. His system includes regular consultations and feedback, which is the best tool for identifying and clarifying your real estate objectives and help define strategic solutions.