Metropolitan Statistical Area (MSA):
Breckenridge, CO is a Metropolitan Statistical Area (MSA) comprising counties including Summit County.
There is no doubt that the real estate market in the Breckenridge, CO metropolitan statistical area (MSA) is booming. The combination of a strong economy and a desirable location has made the area one of the most sought-after places to live in Colorado.
The median home price in Breckenridge is currently $837,500, an increase of nearly 13% from last year. This trend is expected to continue as more and more people are drawn to the area. The population of the MSA is projected to grow by nearly 4% in 2020, which will only add to the demand for housing.
Investors are taking notice of the trends in Breckenridge and are starting to pour money into the market. New construction projects are popping up all over town, and many older homes are being renovated or expanded. This development is good news for both buyers and sellers, as it will help to keep prices stable while providing more options for those looking for a new home.
If you're thinking about buying a home in Breckenridge, now is a great time to do so. Prices are expected to continue to rise as demand increases, so you'll be getting ahead of the curve by making your purchase now. However, you'll need to be prepared to compete with other buyers who are also looking take advantage of this hot market.