Market Update September 14, 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 As this one is no longer current, get the very latest Summit County Real Estate Statistics here.
Sales are brisk, and Summit County under contract activity is soaring, especially new construction.
YTD Summit County Real Estate Statistics At-a-Glance
Over this time last year,
* Average sold price is up 7%, countywide.
* Residential sales are up 13.8%, with 1187 sales so far in 2015.
Average Sold Price by Town
The average sold price in Summit County is UP, in every town but one.
- Breckenridge: +7.3%
- Frisco: +12.7%
- Copper Mountain: +9.1%
- Dillon: +2%
- Silverthorne: -0.3%
- Keystone: +23%
- Summit County: +7%
The Average Sold Price of Single Family Homes is up 9%, year to date. The average sold price of Condos is up 8% and the average sold price for vacant land is down 4%.
Approximately 25% of our under contract activity is coming from new construction. (See new construction available in Summit County today.) The properties that are currently under contract are poised to close at a higher average sold price than the closed transactions, so the average sold prices in Summit County is set to rise still higher.
The average sold price for homes in Summit County is now at $937,817; condos is at $340,190 and vacant land is at $311,813.
Summit County Residential Sales by Price Range
- $0 to $500K: Sales up 9.5% (705 sales to date)
- $500K to $1M: Sales up 31% (360 sales to date)
- $1M+: Sales up 26% (122 sales to date)
Real Estate Statistics for the South Side of Summit County (Breckenridge)
- Sales up 11.3%
- $0 to $500K:Sales up 2%.
- $500K to $1M: Sales up 17%
- $1M+: Sales up 25%
Real Estate Statistics for the North Side of Summit County (Frisco, Copper Mountain, Keystone, Silverthorne, and Dillon)
- Sales up 15.4%
- $0 to $500K: Sales up 8%
- $500K to $1m: Sales up 33%
- $1M+: Sales up 55%
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.
SAR MLS data consists of Summit County residential data only. SAR MLS on 9/14/2015
YTD 9/13/2015. Sales comparisons are for dates 1/1 to 9/13
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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.