Market Trends

Breckenridge, CO Single Family Residential Trends
May 20th, 2008 5:54 PM

  

Colorado Real Estate Trends © 

The chart below illustrates the list price and sold price trends in terms of $ per sq. ft. from August 2001 through mid-May 2008. Analysis of the chart reveals a fairly consistent relationship between the list price and sales price of about five percent. The days on the market trend line shows an increasing days on the market as prices decrease and as prices increase, a decreasing days on the market count. Analysis of the bar chart illustrates the seasonal nature of the Breckenridge market. The winter months typically show increased marketing times and conversely, shorter marketing times during the summer months. The ends of the list price/sales price trend lines hint at the possibility of a leveling or peaking of the market.

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The research done to gather the data contained in the graph above involves examining thousands of listings. With this much data inaccuracies will occur. Care is taken in gathering and processing the data and information within this report is deemed reliable.

IT IS NOT GUARANTEED. The real estate market is cyclical and will have its ups and downs. Past performance cannot determine future performance.

Centennial Appraisal Group, Inc. provides residential real estate appraisal, trend analysis, and consulting services. www.CentennialAppraisalGroup.com 303-816-1721 ph.

 


Posted by James Westman on May 20th, 2008 5:54 PMPost a Comment (0)

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