December 2018 : Summit County Real Estate Update

The Market:  With only a few weeks left of 2018 the average sold price remains at a 10% increase over 2017. Sales have dropped with November sales decreasing by about -25% bringing down the annual sales a bit to a decrease of -9%. Properties are still selling fast at an average days on the market of 51.

Condominium Sales: Condo sales are down about minus 15%. That’s an additional point drop over the last month.  In fact, Condominium sales remain down in every town in Summit County. The average sold price for a condo in Summit County is up +15% and for an average purchase price of $486,000 one can get into a condo in Summit County.

Home Sales: The number of homes sold in Summit County has slowed even more and, in fact, dropped an additional couple points over the last month (home sales are now down -5%). The average sold price for a home is up almost 4%. The average sold price for a home in Summit County is about $1.2 million today.

Interesting: At this time in 2017 the number of sales were up +5% and the average sold price was up +18%.

Updated Charts: All the videos and PDFs below have been updated through November 30th.

Introducing Our Partner in Breckenridge Colorado

Brian Donovan




“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!”