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MARKET CONDITIONS |
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Well, as I have been saying for the last year Keystone took off like a rocket this summer. Early in the year you could pick up one bedrooms in the River Run village for about $250,000, now the only STUDIO that is on the market is $280,000. Soon there will be nothing under $300,000 in Keystone worth looking at. Is it done yet? Not yet I don’t believe. A comparable property in Breckenridge will still run you over $100,000 more so it seems there is more room. With the money that Vail Resorts will be dumping into Keystone over the next few years the rental income should continue to climb. Contact me about this and other emerging markets before you miss out again.
Breck Breckenridge continues on it’s path to being the next Aspen . New luxury projects are ruling the day as Crystal Peak Lodge sold out in about 90 days and phase one of the Lodge and Spa at Shock Hill sold out in a day. Contact me about getting in on the ground floor of the next release of these projects. You don’t want to miss out as these are the last of the big developments left in town before the tear down begins. The lower and mid priced markets appear to have slowed some as seller were pushing prices up 20% or more annually. Buyers seem to have backed off a little and prices on many properties have seen price reductions of late. There seems to be some good opportunities for buyers while we have this temporary slowdown. With some early snowfall the feeding frenzy could resume so if you have been contemplating Breckenridge it’s a good time to strike.
The next phase of The Peaks at Breckenridge should be out about the end of this year or early '08. More info at: http://www.rockymountaindreamhome.com/peak7_8_new.html. Forget Vail and Aspen , where $1.5 million buys you a tiny condo, come to Breckenridge and find a luxury home nestled in a friendly town with the most consistent snow on earth. This is becoming THE place to retire for those who want to stay active in their best years. See www.RetireRockyMountainStyle.com for information on social life and amenities available to you. |
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