Breckenridge Update

Brace Yourself for a Wave of Foreclosures

 I am a lifelong learner.  Just in the monthly of July I attended 1) a seminar on resort real estate, 2) a very extensive three-day national real estate conference and 3) a two-day intense program to learn the short sale processes and how to help clients avoid foreclosure.

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/ MAX

, Prudential Real Estate and Keller Williams.  These are the biggest firms in residential real estate.  Here is what I picked up:

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
daniel@yourmountainbroker.com
www.YourMountainBroker.com
Resort Brokers Real Estate,

PO Box 1, Breckenridge CO 80424 [100 S. Main]
The Breckenridge real estate blogger & Broker Associate

facebook: Daniel Webster Johnson

twitter: DanielWJohnson

LinkedIn: Daniel Webster Johnson

More Properties Under Contract – But Prices Not Climbing

Thanks for letting me know you missed me!

ü  I have a total of 11 properties under contract.  I  have been VERY busy.

ü  Two others went under contract, then were terminated quickly.  One the Buyer could not get financing; on the other, the Buyer got ‘cold feet’ about dealing with the short sale process.

ü  One property did not go under contract – the Seller was willing to ‘meet in the middle’ but the Buyer was not.

ü  Two Sellers removed their properties from the market as they would rather wait for the next market spike.

Love life,

Daniel Webster Johnson, Broker Associate

Regular real estate updates:  http://www.BreckenridgeUpdate.com

facebook: Daniel Webster Johnson

twitter: DanielWJohnson

LinkedIn: Daniel Webster Johnson

http://www.YourMountainBroker.com

Resort Brokers Real Estate

100 S. Main St

Snail mail direct – PO Box 1, 80424

Glad Breckenridge Has a Detailed Sign Code

 

As you can see from the houses in the background this sign is NOT in Breckenridge.

Love life, Daniel Webster Johnson (970) 393-3300
daniel@yourmountainbroker.com
www.YourMountainBroker.com
Resort Brokers Real Estate,

PO Box 1, Breckenridge CO 80424 [100 S. Main]
The Breckenridge real estate blogger & Broker Associate

facebook: Daniel Webster Johnson

twitter: DanielWJohnson

LinkedIn: Daniel Webster Johnson