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Nancy Yearout

Sales Associate

Current Market Trends



 

The Market:  New sales are bolstering the under contract activity as the 1st quarter of 2018 comes to an end. In fact, new projects that are under contract represent about 40% of the total properties that are under contract and getting ready to close in Summit County. 

 

Of the sold properties from January 1 through March 31 in Summit County, almost 50% of them landed in the sold price range of $500,000 to $1M, 17% fall in the over $1M range and 34% in the under $500,000 segment. 

In 2017 for the same time period the under $500,000 sold segment of the local market represented close to 50% of the sales and the $500,000 to $1M segment was 30% of the market...It appears the under $500,000 market of last year is moving upward into $500K and up range. The upper end, or over $1M segment is down about 5% this year.

 

Overall residential sales are down 11% for sales during the 1st quarter and the average sold price is relatively flat at a decrease of 0.5%. 

 

As mentioned, new construction is playing a key role in bolstering the number of properties that are currently under contract. In fact, in the over $1M list price range that are under contract, half are new construction, in the $500,000 to $1M segment, about half are new construction and in the under $500,000 range, 13% are new construction, as well.

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You can view the above stats video in a PDF Format
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Homes

Condos

Luxury

1994 to 2017

The Market 2017


Nancy Yearout

Broker Associate

RE/MAX Properties of the Summit

970-485-0293

nyearout@colorado.net

www.realestate-breckenridge.net

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Each office is independently owned and operated.

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

 

 

Source: YTD: Year to date & Sold Data 1/1- 3/31/18. Data pulled on 3/6/2018. 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. 

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