Breckenridge Colorado Luxury Real Estate Survey 2021



Breckenridge, Colorado has a decidedly more understated atmosphere than ski resorts like Aspen or Vail. However, the luxury real estate market is very active there: the average selling price in June rose to $ 1.4 million.

Breckenridge has the advantage of being closer to Denver International Airport, making it attractive to both holidaymakers and year-round buyers who have the flexibility to work remotely.

As stocks continue to dwindle, as in many popular mountain communitiesluxury homebuyers are expanding their search beyond downtown Breckenridge. Victorian architecture reminiscent of the area’s mining past has drawn buyers to nearby Keystone, Copper Mountain, Frisco, Dillon and Silverthorn in Summit County. Eric Klein, a broker at the Frisco office in St. Slifer Smith & Frampton Real Estate

“Luxury is no longer defined as being on the ski slope,” Klein said. “There is a great desire [access to] our summer activities such as golf, mountain biking, fly fishing, sailing and hiking, and our famous mountain city festivals. “

Here’s what is available, what is selling and who is buying in the entry, middle and high market levels in this mining community.

High – over $ 4 million

Many buyers in the ultra-high-end market are from the Front Range around Denver, as well as Texas, Florida, Illinois, Oklahoma and California. Modern homes with the requisite panoramic mountain views and outdoor living areas, as well as access to open space, are the most sought after by wealthy buyers.

These buyers “add value to price points that Summit County has never seen before,” he said. Jeff Moore, broker at Slifer Smith & Frampton’s Breckenridge office. He also notes that Breckenridge offers “an incredible value proposition compared to other mountain locations in the central Rocky Mountain region.”

Moore defines the high luxury sector in Breckenridge as anything above $ 4 million. This renovated six bedroom home, surrounded by gardens and stunning views of Breckenridge Ski Resort, is for sale for $ 4.8 million from Slifer Smith & Frampton.

Medium – $ 2-4 million

While most buyers in the mid-range luxury segment are based up and down Front Range Colorado, Boulder, Denver, Fort Collins and Colorado Springs, more and more buyers from the Midwest, Texas, Oklahoma and Florida are driven by flexibility. Work.

“One recent luxury shopper we worked with said, ‘Keystone has always been our obstacle and now that we’ve made a commitment to buying, we can be here even more often.’ They like flexibility, ”said Klein.

Mid-range luxury homes cost between $ 2 million and $ 4 million. A renovated and modernized three-bedroom apartment in the historic Breckenridge district sold for $ 2.05 million this spring.

Entrance – from 1 to 2 million dollars.

In the tourist market with limited supplies, even apartments are sold quickly, says Rene Imamura, a broker at the Breckenridge office of Slifer Smith & Frampton.

A new building is also on sale. “Buyers can generally buy at pre-construction prices and build capital faster,” says Imamura.

Luxurious entry-level homes in Breckenridge start at around $ 1 million and go to over $ 2 million. Keystone rare Single family home next to the slopes, restaurants and shops, as well as mountain views and a jacuzzi, they ask for $ 1.649 million.

Slifer Smith & Frampton Real Estate is an exclusive member Forbes Global Properties, a consumer marketplace and a membership network of elite brokerages selling the world’s most luxurious homes.


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