Summary Points I Learned:
· Compared to other ski resort towns in the west, real estate prices are declining much less than in other resorts. One example, virtually nothing is selling in Telluride. The properties that have sold are at huge discounts off list price.
· At the conference, I heard from the CEOs of Coldwell Banker, RE/
o The boom was a “once in a Realtor’s career experience”.
o Plan for real estate sales to be slow for at least five more years.
o The current market is the new ‘norm’ and stop waiting for another market spike.
· Expect another wave of foreclosures that is bigger than the one we are in now which is starting soon. To learn more watch http://tinyurl.com/6lrp7p
Love life, Daniel Webster Johnson (970) 393-3300 PO Box 1, Breckenridge CO 80424 [100 S. Main] facebook: Daniel Webster Johnson twitter: DanielWJohnson LinkedIn: Daniel Webster Johnson
daniel@yourmountainbroker.com
www.YourMountainBroker.com
Resort Brokers Real Estate,
The Breckenridge real estate blogger & Broker Associate