Breckenridge Q3 2022 Market Update

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

Jack Wolfe, Liv Sotheby's International Realty

Jack Wolfe has spent more than 22 years in Colorado and has over 30 years of experience with virtually every type of real estate transaction. Jack Wolfe is based in Breckenridge and has expertise in commercial real estate development, sales and leasing and has worked with many large clients including Vail Resorts and Walt Disney Company.