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August 2019 : Summit County, CO Real Estate Update

Historic Sales:  Looking at the graph above and the sales over the past 20 years for the first 7 months of each year is certainly interesting. The sales have fluctuated with the highest number of sales occurring in the first 8 or so years and the highest sold prices occurring in the last few years. The sold prices continue to rise over the past few years while the number of sales has started to decline over the past couple of years. View a PDF of the above graph here.

Inventory Continued to Soar in July:  The local inventory of properties for sale has been increasing as it usually does this time of year, but the months of June and now July it has soared! The active inventory of residential properties in Summit County went up by 37% over June and July! Today buyers have a couple hundred more properties to pick and choose from than they did at the end of May.

Real Estate Sales through July 31: The number of sales dropped -10%. It is taking about the same amount of time to sell a property this year as last year and the average sold price is up +7%.

Condominium Sales: The prices are up about 6% with the number of sales down about -5%.

Single Family Home Sales: The prices are up about 15% with the number of sales down about -16%.

Selling Season: The selling season for real estate is here and between now and the end of September the activity will be, typically, the strongest in the year…peaking towards the end of August.

Enjoy these stats for sales from 1/1 – 6/30 on Residential, Single Family Home and Condominium sales for the county.

 

Introducing Our Partner in Breckenridge Colorado

Brian Donovan

Remax

970-390-9775

bdonovan@gmail.com

“Working with both Buyers and Sellers has given me the opportunity to meet and become friends with some great and interesting people.I feel extremely fortunate to be a part of the Breckenridge communty!”