Breckenridge Q3 2022 Market Update

market update liv sotheby's breckenridge

PUBLIC POLICY CHANGES

  • Summit County & Town of Dillon put in place STR restrictions

DEVELOPMENTS

Breckenridge Market Update 3rd Quarter 2022

  • $300M Keystone Kindred project breaks ground
  • 4th Street Crossing North (Silverthorne) has begun construction.
  • Aiden West in Silverthorne has been approved. Subsequently sell their land.

 

 2022 Q3 YTD2022 Q3 YTD%+-
VELOCITY (Source –Land Title Guarantee Company)

 

  
Commercial Sales Volume$120,017,625

$121,579,765

1.3%

Commercial Transactions

50

41

-18.0%

VACANCY RATE

0.71% 

0.97% 

36.6% 

CAP RATE

6.0% 

5.2% 

-13.3% 

SALES TAX INDICATORS    
All Sales Taxn/an/a 
Lodging Taxesn/an/a 

 

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About The Author

Darren Nakos

Darren Nakos is the Founder/Managing Broker for Recentric Realty Group where he focuses on commercial real estate investments, multi-family development and commercial real estate brokerage. Darren Nakos's approach to commercial real estate is both highly quantitative and qualitative in his analysis and selection of commercial real opportunities for buyers and sellers.