Breckenridge/Summit County Market Update – August 2019
Commercial Real Estate sales volume for Summit County of $81.9M YTD in 2019 is up 83% compared to sales YTD in 2018 of 44.7M. Residential Real Estate sales for $757.7M YTD in 2019 is up 5.2% compared to sales YTD in 2018 of $720.4M. Sales Taxes in Breckenridge are up 8.7% 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 the 4th Street Crossing Condominium Project in Silverthorne, Developers break ground on Uptown 240 condo complex in Dillon and River West Condos is a new development planned for Silverthorne.
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
- Summit County Considering a Minimum Wage Hike
- Breckenridge Implanting Housing Helps Program
- 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.
- 4th Street Crossing Condominiums in Keystone
- Developers break ground on Uptown 240 condo complex in Dillon
- River West Condos is a new development planned for Silverthorne