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Breckenridge / Summit County Market Update Q4 2021

PUBLIC POLICY CHANGES

* Towns and County have implemented Short-term rental restrictions
* Towns/Summit County has established workforce housing as a top priority

DEVELOPMENTS

* Breckenridge Gondola lot Development approved for 300,000 s.f. developemnt * Keystone Gondola parcel development is proceeding

Commercial RE Velocity
(Source – Land Title Guarantee Company)
2020 YTD2021 YTD%+-
Commercial Sales Volume$93.5M$204.9M119.2%
Commercial Transactions586613.8%
Residential
Real Estate
(Source – Land Title Guarantee Company)
Residential Total Sales $2,069,655,256$2,721,828,81331.5%
Residential Average Price (Single Family Home)$1,386,525$1,717,02823.8%
Residential Days on Market6127-55.7%
Residential Listed For Sale173111-35.8%
Summit County Sales Tax Indicators (thru Nov 2021)
All Sales Taxes$18.11M$23.3M28.6%
Lodging Taxable Revenue$163.8M$243.8M48.8%
Retail Taxable Revenue$136.3M$189.8M39.3%

About The Author

Jack Wolfe, Liv Sotheby's International Realty

Jack Wolfe has spent more than 22 years in Colorado and has over 30 years of experience with virtually every type of real estate transaction. Jack Wolfe is based in Breckenridge and has expertise in commercial real estate development, sales and leasing and has worked with many large clients including Vail Resorts and Walt Disney Company.

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