Tag Archives: breckenridge real estate data

Market Update December 2015 – And What It Means for Buyers and Sellers

Summit County Real Estate Market Update – December 2015

Real estate sales are up, average sold price is up, and inventory is low. Learn the details, by town and property type – plus what it all means for buyers and sellers – in this market update for December 2015.

Average sold prices in Breckenridge and Summit County Colorado

As we approach the year’s end, we are seeing both the number of residential sales and the average sold prices continue their upward trend throughout Summit County…

The average sold price, Summit-County-wide has increased about $5000 since November’s market update. Summit County’s average sold price for all properties is now right around $550,000 and the average percent of sold price to list price is hovering at 97%.

As you know if you’ve been looking to buy, inventory is way down (by about 36%.) Even with this decreased inventory, our pending sales activity is still far above last year at this time.

Sales are up, Prices are Up, Sales Price to List Ratio is Up…

The number of residential sales, countywide, is up 15%. Breckenridge is up 13% year-over-year with 698 properties sold. The biggest year-over-year increase was in Copper Mountain, with a 30% increase, followed by Frisco, with a 24% increase.

residential-sales-by-town

Residential-Sales-by-Price-Range

Average Sold Prices are up countywide, as well, with a 9% increase in the price of homes and a 13% increase in Condos. Breckenridge saw an 11% gain in average sold price, year over year. The average price of single family homes in Breck is now at $1,073,646.

The chart below tells the story, for each town – both homes and condos.

Average Sold Price of Summit County Properties

What does this market data mean for buyers?

Interest rates remain low, but with average sales prices on the way up, if you are in the market for a new home, it’s important to contact me as soon as possible to let me know what you’re looking for.

With inventory levels this low, there are a few things we need to do together right away. First, I’ll get you signed up for automatic notification of homes that match your criteria, so you can be ahead of the game. I’ll also be asking around and keeping my ears open for new properties that are set to come on the market.

Second, in a market like this, it’s important to be prepared. For example, it’s helpful to talk about financing early in the game, especially in a tight market. I can refer you to a good local lender if you need one. A pre-approval letter from a lender will strengthen your purchase offer when the right property comes along. And you’ll want to make sure your down payment is in order. Read my blog post on how to cope with ow housing inventory for more tips.

What does this market data mean for sellers?

Average sales prices are on the rise. Contact me to get an idea of what your home could potentially sell for in today’s market or read my blog post with  insider tips for listing and selling your mountain home.

There are a number of prospective buyers looking for that just right property to come on the market. Is it yours?

Of course, don’t hesitate to contact me if you have any questions about the market, a particular property, or life in Summit County. I’d love to hear from you.

SAR MLS data consists of Summit County residential data only. SAR MLS on 12/10/2015
YTD 12/10/2015. Year over year is 2015 YTD vs 2014 YTD. YTD is Nov 9. Sales comparisons are for dates 1/1 to 12/10.

Source: SAR Data for Residential (Condo, Townhome, Home, Duplexes) in Summit County, Colorado. Unless otherwise specified.

**The information contained herein is based on information provided by others. Accordingly, we make no guarantee of its accuracy and suggest you make an independent inquiry of any matters you regard as important.**

%Change is 2015vs2014 YTD or Week.

*Does not include sales numbers or average sold prices for sales at One Ski Hill Place for years 2010, 2013, 2014, 2015

Market Update November 2015 – What’s Happening by Area and Price Range

I publish new market updates each month. As this one is no longer current, get the very latest Summit County Real Estate Statistics here.

Summit County Real Estate Market Update – What’s Happening by Area and Price Range in November 2015

Real estate sales are up, average sold price is up, and under contract activity is high. Learn the details, by town and property type, in this market update for November 2015.

Summit County Real Estate Statistics

Summit County Sales Are Up

The number of residential sales in Summit County is up 15% (with 1626 sales, year to date.). If we assume the county will end the year at that same 15% improvement in number of sales, our 2015 sales will be about 23% below the peak year of sales in 2006. If the county maintains that 15% improvement the peak year of sales could be recaptured in 2 to 3 years.

Residential-Sales-by-Town-Nov-2015

Summit County Average Sold Price is Up

Average sold prices county-wide are up by 9%, year over year, and are now just over $550,000. That’s about 10% lower than the average sold price when it peaked in 2008, and it’s almost the same as it was in 2007.

Summit County Real Estate Average Sold Price Data

Summit County Real Estate Inventory is (Very) Low

As many of you are aware, our inventory of potential properties for sale is way down (by 35%). Even so, the under contract activity remains strong. The total number of properties under contract as of November 1st was up about 33%. And 23% of the properties under contract were new construction.

What This Means for Buyers

The home buying process can be a touch frustrating when inventory is at such a low level, however if we can find you the right home or investment property, it could be a great time to buy. Interest rates are still low, and home prices are on their way up.

Together, we can work through the challenge of low inventory by making sure you are the first to know about new listings that fit your criteria. You can sign up for automatic email notifications and be notified immediately of new listings directly. And if we’ve been working together already, and I know exactly what you are looking for in a property, rest assured that I’m personally watching the MLS each day on your behalf. (Contact me anytime.)

Luxury Home Sales

Residential-Sales-by-Price-Range-Nov-2015Luxury home sales are up significantly. Sales of homes between $1M and $2 M are up 32% over last year. Homes between $2M and $3M are up 50%, with 24 total sales. We’ve seen six home sales of $3M and up in Summit County this year.

In the ultra-luxury market, we are seeing some exciting, cutting edge designs and some very high-end craftsmanship in Summit County new construction. The home that my husband Ty Cortright just finished in Shock Hill swept the Summit County Parade of Homes awards this year for homes 5000 square feet and over, winning the following awards:Best Overall, Best Builder Concept & Workmanship, Best Exterior Design & Elevation, Best Kitchen, Best Master Bedroom, Best Interior Finishes, Best Landscaping & Outdoor Living Space. 65 Penn Lode was also the recipient of Mountain Living magazine’s Peak Award.

Read my “Builder’s Journal” write-up here, and see the listing and professional photos here. Just $6.4M and it’s yours!

Sculptural stair at 65 Penn Lode

This sculptural staircase, imported from Switzerland, is just one of the great many design surprises at 65 Penn Lode in Shock Hill

Anty residential data only. SAR MLS on 11/9/2015
YTD 11/9/2015. ear over year is 2015 YTD vs 2014 YTD. YTD is Nov 9. Sales comparisons are for dates 1/1 to 11/9. 

Source: SAR Data for Residential (Condo, Townhome, Home, Duplexes) in Summit County, Colorado. Unless otherwise specified.

**The information contained herein is based on information provided by others. Accordingly, we make no guarantee of its accuracy and suggest you make an independent inquiry of any matters you regard as important.**

%Change is 2015vs2014 YTD or Week.

*Does not include sales numbers or average sold prices for sales at One Ski Hill Place for years 2010, 2013, 2014, 2015

Market Update October 2015 – Residential Sales Up 14%

I publish new market updates each month. As this one is no longer current, get the very latest Summit County Real Estate Statistics here.

Market Update October 7, 2015

  • Sales are Up
  • Under Contract Activity is Up
  • Average Sold Price is Up
  • Inventory Remains Low

New under contract activity in Summit County remains very strong. Last week, this activity reached a level usually only seen during the peak summer selling season.

Sales are up, the average sold price is up, and there are more than 400 properties in pending status.

Summit County residential properties under contract today have a higher average list price than what was sold this year (more than $100,000 higher.) If what is under contract today closes at an average sold price at the same list/sell ratio the county has witnessed to date this year, the average sold price will move still higher.

Summit County Real Estate Statistics At-a-Glance

Over this time last year,

* Average sold price is up 7.7%, countywide.

* Residential sales are up 14.3%.

summit county colorado real estate stats

Breckenridge and Summit County Residential Sales

The real estate statistics below reflect year-over-year data. (Year over year is YTD 2015 vs. YTD 2014 .YTD is October 5.)

Summit County Condos

The Number of Condos sold, countywide is up 14.8%, year over year.
Average sold price is up 10.4%

Breckenridge Condos: 
Number of Breckenridge Condos sold is up 24.6% over last year.
Average Sold Price is up 14.5%
Search Breckenridge Condos for Sale.

Keystone Condos: 
Number of Keystone Condos sold is up 15.2% over last year.
Average Sold Price is up 13.4%.
Search Keystone Condos for Sale.

For more details on the condo market in Frisco, Silverthorne, Dillon, and Copper Mountain, see this PDF, which graphs historic data. 

avg-sold-price-condos

Summit County Single Family Homes

Number of Single Family Homes sold, Summit County-wide, is up 12.5%
Average Sold Price is up 8.7%

Breckenridge Single Family Homes
Number of Breckenridge SFH sold is up 5.6%
Average Sold Price is up 10.6%

Frisco Single Family Homes
Number of Frisco SFH sold, up 59%
Average Sold Price up 21.3%

Dillon Single Family Homes
Number of Dillon Homes sold, up 15%
Average Sold Price up 13.6%

Keystone Single Family Homes
Number of Keystone Single Family Homes Sold, up 130%
Average Sold Price up 35%

Summit County Vacant Land

The number of lots sold is up 27.8%
Average sold price is down 1.3%.
Get more detailed Vacant Land Sales data
Browse
Vacant Land for Sale in Summit County

SAR MLS data consists of Summit County residential data only. SAR MLS on 10/5/2015
YTD 10/5/2015. ear over year is 2015 YTD vs 2014 YTD. YTD is Oct 5. Sales comparisons are for dates 1/1 to 10/5. 

Statistics by Property Type
The following links will take you to PDFs featuring stats, graphs and charts for year-to-date and historic sales in Summit County, CO including individual stats pages for Breckenridge, Frisco, Copper Mountain, Keystone, Dillon and Silverthorne.

Condo Sales 
Home Sales
Vacant Land Sales
Duplex Sales
Townhome Sales

I’m always happy to run numbers and discuss data specifically as it pertains to you. Just give me a call or send me a note.

Real Estate Market Snapshot: Breckenridge and Summit County, March 2015

I publish new market updates each month. As this one is no longer current, get the very latest Summit County Real Estate Statistics here.

March 2015 – Summit County Real Estate Statistics

Sales are Up!
Across Summit County, residential sales are up by 7.3%, compared with this time last year, and properties under contract are up, too, by 16.5%.

But inventory is still low. We’re down 20% (compared with 2014 YTD figures), with just 719 “for sale” properties currently active on the market.

Luxury home sales (sales over $1 million) are up in Breckenridge for this time of year. Read more about what the luxury home market is doing in Summit County.

The Average Sold Prices in Breckenridge are up by 2% to $715,681. Frisco and Dillon are seeing even more significant gains in average sold prices:  10.5% and 16.2% respectively.

Summit County Real estate Statistics

Here’s a video with all statistics, or you can read them below:

 

Summit County Real Estate Statistics – Single Family Homes

Comparing 2015 year-to-date with 2014 year-end sales, the Average sold price of Single Family Homes in Summit County is up 3.9%.

Comparing 2015 year-to-date sales versus 2014 year-to-date, the average sold price of Single Family Homes is down 4.3%, but the number of sales has increased 9.1%.
Search Summit County Single Family Homes for Sale
Search Breckenridge Single Family Homes for Sale

single family homes market data Summit County March 2015

Summit County Real Estate Statistics – Condos

For condominiums, when we compare the 2015 year to date average sold price with the figures from 2014 year’s end, the average sold price for condos is up 2.2%.

Comparing 2015 YTD with 2014 YTD, the Average Sold Price is up 2.1%, but the number of condos sold is down 3.4%.
Search Summit County Condos for Sale.
Search Breckenridge Condos for Sale.

The best answer to “How’s the Market?” is: “It’s good enough that it’s worth a few moments to have a cup of coffee with me to talk about it in more detail.” Call, text, or email me anytime.

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Historic Data – Breckenridge and Summit County Real Estate Transactions:

Condo Sales
Home Sales
Vacant Land Sales
Duplex Sales
Townhome Sales

Source: SAR Data for Residential (Condo, Townhome, Home, Duplexes) in Summit County, Colorado. Unless otherwise specified.
**The information contained herein is based on information provided by others. Accordingly, we make no guarantee of its accuracy and suggest you make an independent inquiry of any matters you regard as important.

%Change is 2015vs2014 YTD or Week.

*Does not include sales numbers or average sold prices for sales at One Ski Hill Place for years 2010, 2013, 2014, 2015

Thanks to Jeff Angell at RE/MAX Properties of the Summit for the preparation and sharing of these statistics, charts, and graphs.

Each office is independently owned and operated.