Maybe you are considering buying property in Breckenridge www.skibreckenridgecolorado.net?  Well there are several options New vs. Existing.  There are actually several new developments occurring in Breckenridge. Today, I will discuss the first development with a series over the next several days discussing other new developments in Breckenridge.

The first new development is called Water House on Main Street.  This development will be located at the south end of Main street located next store to the Hyatt Main Street Station.  The advantage to this location is that you are right in town, and are able to walk to the lifts.  These units are luxury 1-3 bedroom condominiums.  Your ownership includes: dedicated owner ski lockers on site, fitness facility, sauna/locker rooms, members lounge, outdoor heated pool and 7 outdoor hot tubs and a media room.  There will be underground parking, concierge services, ski valet on site with boot warmers. There will be bellmen services, cable TV access and wireless, high-speed internet access.   The ice skating rink is right next store, as well. 

Breckenridge is a very family friendly town with a lot of activities year round.  Property values continue to increase and depending on which side of town you are located you can expect to pay between $300 per square foot ( outside of the city limits) up to $1450 or more per square foot.  If you are going to be on the mountain (ski in-ski out) plan on around 1200 +  a square foot.  A single family home in Breckenridge is going to be a little bit less per square foot than a condo, duplex or town-home.  So keep this in mind.  The difference between a condo vs a single family home is that you don’t have to maintain the property, and generally there is on site management as well as other amenities available for a monthly fee.

The Summit County area which consists of Breckenridge, Keystone, Copper Mtn., Frisco, Dillon and Silverthorne have not experienced the housing slump that is occurring in other places in the United States.  I know it is hard to believe, but we are a resort town and the majority of our home buyers consist of second family homeowners.  Our inventory is low, but the demand is high.  With this combination we are experiencing anywhere between 10-20% appreciation per year. 

If you are considering trying to get into the Breckenridge market, but don’t want to spend $1000 per square foot, how about an existing property that may need a little bit of updating.  There are some properties out there like this, that are around $400-$500 a square foot located right in town.  These particular properties are experiencing complete face lifts on the exterior part of the buildings and if you were to remodel, you could have a beautiful place and also have a great investment, as well.  If you would like to search the Mls free go to http://search.leahbaxter.summit.mlxchange.com/. 

If you would like more information about Water House please feel free to contact me at leah@leahbaxter.com or visit my website www.leahbaxter.com.