Breckenridge began as a mining town in the early 1800s. Though it still remains a relatively small city with a population of only 2,000, today Breckenridge is known nationwide for its ski resorts and summer activities.
Breckenridge real estate has many options for potential home buyers. Nestled in the Colorado Rocky Mountains, the unique town is a perfect setting for both full-time residential and vacation homes.
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| Population 2,408 | Median Age 29.4 yrs | Household Size: 2.16 |
| Avg Commute: 10.1 min | Avg Income $43,938 | Avg Home Value: $580,100 |
| July High: 70.7°F | January Low: 0.5°F | |
Breckenridge Real Estate
Breckenridge, Colorado is home to the Breckenridge ski resort, which provides opportunities for full-time residents to enjoy year round. There are locations for skiing, hiking, biking and many other mountain recreation activities. The resort attracts many tourists.
Breckenridge also has real estate options, like condos, for its part-time residents who live or visit during the skiing season. There are over 2,000 condominium units in Breckenridge. The town’s main income is the tourism, which is a huge source of employment for the 3,000 year-round residents in Breckenridge. The commercial real estate options are mostly tourist spots. There are over 500 bed and breakfast inns and hotels in the town, over 75 restaurants and bars, and 180 shops and boutiques.
The city has both full-time and seasonal residents, and so the real estate options in Breckenridge must be able to accommodate both groups. It is a young city; the average resident is about 30 years old. In 2000 the median household income was about $43,000 and the median house value was about $580,000. There are over 4,200 houses in Breckenridge— only about 1,000 are occupied. About 300 of these occupied homes are owned and about 675 rented. The large number of renters is a reflection of how many residents only live in Breckenridge part-time to enjoy the winter skiing season. While this is true, many part-time residents also own apartments and condominiums in Breckenridge.
In September 2005 there were over 200 homes on the market in Breckenridge. These homes range from a four-bedroom estate starting at about $2.1 million to a two-bedroom apartment starting at $120,000. This range just includes the homes for sale— it doesn’t even take into account the many homes and part-time living arrangements that are available for rent.
Another Breckenridge real estate option, if the real estate seems too expensive for a part-time living situation, is a timeshare. This allows a family or single person to buy the use of a house, condominium, apartment or town home in Breckenridge for a certain period of time during the year. This time period can range from a weekend to a few months. One advantage of this arrangement is that the person who purchases the time share is only responsible for the property during the period of time that they occupy it. It can be a very cost-effective and smart way to be a part-time resident in Breckenridge.
If you are looking to be a full or part-time resident in Breckenridge, consult a real estate professional to help you in your search. Even if you are only looking for a time share, they could be a helpful resource. The Internet is also a good source of information.
The Breckenridge real estate listings online will most likely have pictures and contact information for the listing. Many listings also now include a virtual tour as well. While this is a great place to start, nothing is better than professional advice, so enlist the help of a real estate professional.
By Lisa Tilson
A REALTOR® is a real estate professional who is a member of the National Association of REALTORS®