Does It Cost More To Buy A House in Breckenridge or Frisco?

When comparing home prices across Summit County, Breckenridge is the most expensive followed by Keystone then closely by Frisco. Blue River and Wildernest are the most affordable areas save for tiny Heeney in the north of the county.

Understanding how home values vary throughout Summit County can help you to set realistic expectations and to decide if you are willing to consider other areas of the county if it means you can get more square footage within your budget. 

Breckenridge is the most expensive area in Summit County

Across all categories, single family, condo, townhouse, raw land, Breckenridge is the most expensive with the median single family home in 2020 costing $1.65M and an undeveloped lot averaging $1.35M per acre. 

Blue River is the most affordable

Blue River is the most affordable for both single family homes and for land. The median home in Blue River was half the cost of a home in Breckenridge and only 500 sq ft smaller.  Land shows an even bigger difference in price with land in Blue River selling for almost 8X less than land in Breckenridge in 2020. 

You might also want to consider the neighborhood just up the hill from Silverthorne

Wildernest is the second most affordable area in the county. Never heard of Wildernest? It is the neighborhood up the hill from Silverthorne on your right as you round the bend on I70 after the Silverthorne/ Dillon exit and before the Frisco exit. 

Keystone is more affordable for ski in ski out than Breckenridge

Want a ski in ski out condo?  You’ll pay almost $100 less per square foot in Keystone than you will in Breckenridge. Frisco and Keystone are middle of the pack when it comes to price per square foot as well as median home and condo prices. 

What was the most expensive home sold in Breckenridge and Summit County in 2020?

At date the most expensive home sold in 2020 was a $7 Millon,  7656 sq ft, six bedroom, five and half bath home in Shock Hill in Breckenridge.  Sold by Slifter Smith & Frampton. It included a theater, wine cellar, elevator, chef’s kitchen, custom stone hot tub all just steps form the gondola. 

Are you a numbers person and actually want to see them broken down?

Here are the median home prices from October 2019 to October 2020

Median condo

Breck: $700K 2bed 2 bath 1038 $638

Blue River to Pass: $356K 2bed 2bath 980 $384

Frisco: $620K  2bed 2bath 1104 $526

Dillon: $440K 2 bed 2 bath 1105 $433

Summit Cove: #400K  2bed 2 bath 708 $464

Keystone: $550K 2bed 2 bath 988 $533

Silverthorne: $610K 3 bed 3 bath 1868 $429

Wildernest: $429K 2 bed 2 bath 1028 $430

Median Deed Restricted (county wide)

$376K  2bed 3 bath 1006  $316

What is deed-restricted you ask?  Check out this blog post to find out.

Images courtesy of:  Header Photo by Steve Adams on Unsplash , Blue River photo from Wikipedia, Listing photo by Slifer Smith & Frampton