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October 2019 : Summit County, CO Real Estate Update

 

The Fall Selling Season is Here:  It’s October and the start of the 4th quarter of 2019 and average sold price for residential properties in Summit County are up 8% this year. The number of sales are down -8% so far in 2019.  The average days on the market is at 52 for the 1277 sales in Summit County and the percent of list to sold price for those sales is at 98%.

Sales have picked up over the past few years in the fall and, as one can tell by looking at this graph, the county has a couple good months yet of real estate sales in 2019.

Number of Sales: Sales are down -8% throughout the county. Three local ski towns are at a gain -Silverthorne and Frisco are at a slight gain, and Dillon’s gain is close to 30%! These three local ski towns are at a double digit loss for sold properties Copper Mountain, Keystone, and Breckenridge.

Click on the graph and or here to view larger.

Interesting County Sales Distribution: This year we are running at about a 65% on the North Side of the county and about a 35% on the South Side of the county. This ratio runs from a 55/45 in 1993, to a 69/31 in 2001 to what it is today (65/35). The North Side consists of Copper, Frisco, Dillon, Keystone and Silverthorne and the South Side consists of the Breckenridge area.

Here’s two graphs showing the numbers of sales by each side of the county and the percentages from 1993 through today. By the way, the total number of additional properties sold in the North Side over the South Side represented by the percentages is a low of 164 additional sales in 1993, 606 in 2005 to 404 in 2018 (you’ll find these numbers on the graphs too).

Graphs, Charts and StatsCondo Sales by TownHome Sales by TownResidential Sales by TownHistoric Sales 2000 – 2019.

 


 

 

Brian Donovan

Associate Broker at RE/MAX Properties of Summit

bdonovan40@gmail.com

9703909775

bdonovan40@gmail.com

ColoradoMtnProperties.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!”