The Market: The Average Sales Price through October 31, 2017 as compared to the same time period in 2016 is up 19% for residential sales in Summit County, CO! That increase represents about a $109,000 gain on the average sold price so far this year...the number of sales are up +6%. View the detailed stats by town The Market Today (a PDF) or watch the above video.
Sales Over $1,000,000: Often referred to as the 'Luxury' market, sales over $1,000,000 are surging with a +57% increase in sales through October 31st! Breckenridge leads the county with 66 more million dollar plus properties selling so far this year as compared to last year for the same time period....Silverthorne comes in second, with Keystone third and then Frisco (Dillon has had the same number of million dollar plus properties sell this year as last). View the The Luxury Market (PDF) or watch the Luxury Market Video.
The Home & Condo Market: Home sales are leading with a robust +14% gain while enjoying a +19% gain in average sold price (that's an increase of $187,000 over last's year's average). Condominiums are following close behind homes with an increase of +15% in their average sold price (that's an increase of $56,000 over last's year's average).
Copper Mountain leads the county in increased condo sales with a +15% increase, and Silverthorne is following closing with a +14% gain. Home sales in Silverthorne are up +28% followed by Breckenridge with a +13% increase in sales. Learn more via PDFs Single Family Home Sales, Condominium Sales or via Video 'Homes' or 'Condos'.
Interesting: The percentage of sales in 1994 that sold under $250,000 was 89% and today 91% of residential sales in Summit County are over $250,000 and 55% are over $500,000. The average residential sold price in the county is now at $695,218; which is a $109,000 more than the average sold price for the same time period in 2016! Watch the video Sold Prices 1994 - 2017 .