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Special Report: 2015 Sales in Summit County, What's Happening by Area & Price Range!

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Properties of the Summit
Nov 15, 2015
Special Real Estate Report

Sales & Sold Prices UP!

Residential sales in Summit County, CO are now up 15% with their average sold price improving by 9% - the average sold price is reflected in the graph above and you can view the residential detail here.

The average sold price is just over $550,000 which is about 10% lower than the peak that occurred in 2008 and almost identical to 2007's. Will the momentum gained this year be enough to bridge that average sold price gap next year as it did in 2007-2008?

Inventory may help or hinder that potential price gap the county rolled into November the inventory of potential properties for sale was down about 35%.

Number of Residential Sales by Price Range
Summit County
Sold Price # YOY
$0-$250k 309 -4%
$250-$500k 651 8%
$500-$750 364 35%
$750-$1m 152 41%
$1m-$2m 127 32%
$2m-$3m 24 50%
$3m & up 6 50%
*YOY is 2015vs2014, YTD week of Nov 9th

Interesting: A couple interesting thoughts, while the inventory is considerably down the under contract activity is remaining strong. In fact, the total number of properties under contract as the county rolled into November was up about 33%. The other interesting thought is that about 23% of the properties under contract are new construction. 

Residential Properties Sold

The county is up 15% in the number of residential sales.  If we assume the county will end the year at that 15% improvement, 2015 sales will be about 23% below the peak year of sales in 2006.

With that said, what does that 23% mean in numbers - well just under 600 properties. And an improvement of 15% this year is roughly 250 properties. If the county maintains that 15% improvement the peak year of sales could be recaptured in 2 - 3 years. 

*The Detailed Stats by Resort Town below - Residential, Condos and Homes just updated?

Number of Residential Sales by Resort Town
Town # YOY
Breckenridge 611 13%
Frisco 187 26%
Copper Mtn 78 22%
Dillon 176 8.6%
Silverthorne 317 12%
Keystone 264 22%
*YOY is 2015vs2014. YTD is the week of Nov. 9th



Average Sold Price /- YOY
Town Homes YOY Condos YOY
Breckenridge $1,079,213 10.3% $443,481 16.6%
Frisco $949,484 34.4% $393,862 4.4%
Copper Mtn N/A N/A $330,056 5%
Dillon $636,860 13.8% $242,226 1.6%
Silverthorne $726,287 -3.4% $249,246 7.5%
Keystone $1,077,808 36% $327,825 14.2%
Summit County $943,126 9.2% $350,010 12.1%
YOY is 2015vs2014 and N/A means there is insufficient sales to use averages. YTD stats were retrieved the week of November 9, 2015. 
Detailed Stats by Resort Town
Condo Sales
Home Sales
Vacant Land Sales
Duplex Sales
Townhome Sales
Residential Sales
RE/MAX Presentation

RE/MAX Properties of the Summit - 3 Offices in Summit County: Frisco, Keystone & Breckenridge

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 2015v s 2014 YTD or Week.

*Does not include One Ski Hill Place Sold averages or number sold in 2010’s , 2013’s , 2014’s and 2015’s  data .

North Side consists of the combined sales data from Frisco, Copper Mountain, Silverthorne, Dillon and Keystone and the South Side consists of all sales data from Breckenridge.

Each office is independently owned and operated.


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