Breckenridge/Summit County Market Update – April 2019
Commercial Real Estate sales volume for Summit County of $39.4M YTD in 2019 is up 507% compared to sales YTD in 2018 of $6.5M. Residential Real Estate sales for $320.4M YTD in 2019 is up 21.6% compared to sales YTD in 2018 of $263.5M. Sales Taxes in Breckenridge are up 5.3% YTD in 2019 compared to taxes collected YTD in 2018. The Town of Breckenridge is investing in infrastructure including a $50M Parking Structure, $50M Water Plant and $10M Fiber Optic project. Other developments include 107,000 square foot building being constructed in Dillon for Vail Health plus 4th Street Crossing Condominium Project in Silverthorne. Breckenridge Modular Workforce Housing Project is on hold.
BRECKENRIDGE/SUMMIT COUNTY MARKET UPDATE
VELOCITY (Source – Land Title Guarantee Company)
SALES TAX INDICATORS (Source – Town of Breckenridge)
BRECKENRIDGE VACANCY RATE
VACANCY RATE
CAP RATES
CAP RATES
SUMMIT COUNTY RESIDENTIAL REAL ESTATE
PUBLIC POLICY CHANGES
- Moritorium on New Construction in Brekenridge Historic District
- Short Term Rental Property Tax Being Considered
- Summit Health Care Alliance
DEVELOPMENTS
- The Town of Breckenridge is investing in infrastructure including a $50M Parking Structure, $50M Water Plant and $10M Fiber Optic project.
- 107,000 square foot building being constructed in Dillon for Vail Health.
- 4th Street Crossing Condominiums in Keystone
- Breckenridge Modular Workforce Apartment Project is on hold