Despite the countries high foreclosure problems Summit County is doing just fine. The Real Estate market in Breckenridge is stable.
Use the following links to substantiate this fact:
http://www.realtytrac.com/MapSearch/FreeSearch.aspx
You will see the entire US map and just move your mouse over each state to see the # of foreclosures. As of April 2008, the worst is NV, with 1 of every 149 housing units in foreclosure – that’s 0.67%, less than 1%. And when you click on NV, the worst county in NV is Clark County which has 1 in 118 housing units in foreclosure. That’s 0.8%, again less than 1%. I assume ‘housing units’ includes single family homes, duplexes, condos, etc. I’m sure that a number of the housing units in an area are owned free and clear, so maybe some of the higher numbers we hear are referring to rates of default on mortgages. Colorado is 1 in 344 housing units (0.29%).
http://www.realtytrac.com/MapSearch/FreeSearch.aspx?a=b&accnt=&statesel=CO
Here you will see all the counties in CO. Move your mouse over each one to see the # of foreclosures. Summit County is next to Eagle County. As of April 2008, Summit County has 14 foreclosure properties, 1 in every 1,992 housing units. That’s 0.05%. The worst in CO is Adams County, which has 1 in 148 housing units in foreclosure. (0.7%)
To find out about Breckenridge specifically type in 80424 the zip code in the search box.
Stu points out; “Most of us are aware that our mountain real estate market is fairing well in the housing crunch and YES it is true!”
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