Sell My Home Breckenridge CO

Property values have been on the rise for years, but that increase has predicted to slow in 2020. You can continue to generate equity over a few years, but I’m not so sure that holding out is your best bet. If you’re looking to sell now, it may be the time to get into the market. That’s just to pull the most value out of your equity, I think it’s a fantastic time to sell. Let me show you some numbers and you can decide for yourself.

First off, let’s look at property value in the area. Breckenridge has a $775,000 median range for homes on the market, that’s $582 per square foot. That’s more than double the median value you can find in the Denver-Aurora-Lakewood metro area. In recent years homes have seen their value increase by 4.2% or more. Looking ahead to 2020, predictions are looking closer to 3% to 3.5%. This may be a sign of a cooling market, or a reaction to the Fed lowering prime rate significantly in 2019. Either way, I think the market is at peak value for homeowners looking to sell now.