Resort real estate is not your normal real estate…in fact we are avoiding much of the national housing crunch with substantial increases in sales prices throughout the county in 2007! Some of those increases include a low of 5.86% increase in the average sales price in Frisco up to a whopping 34.86% increase in average sales price in Keystone.
Summit County experienced a very strong overall sales market in 2007. As mentioned the average sale price went up in Summit County; double digit increases in Breckenridge, Silverthorne, Dillon, Keystone and Copper Mountain and single digit increases in Frisco and Park County (just outside Summit County).
Sales volume was down in Breckenridge by 1% and down in Copper by 15% and up everywhere else from 6% in Keystone to 18% in Dillon. The sides closed where down 12% in Summit County; in Breckenridge they were down 16%, down 9% in Silverthorne, down 22% in Keystone and down 26% in Copper. And up, yes up, in Frisco by 8% and Dillon by 3%.
Our little part of the world has certainly avoided much of the housing crunch and, other than seeing a slowing in the number of sales – we feel fortunate! How will 2008 go…well we will just have to wait and see as we are just getting started and I will update you on 2008 as we get further into the 1st quarter.
Enjoy the stats and be sure to contact me for any further or more specific needs. Detailed comparison between 2007 and 2006 and/or the Summit County Snapshot for 2007.
Jeff Angell
Broker/Owner
RE/MAX Properties of the Summit/Frisco
Interested in more resort information or statistics? Want to know a little more detail or something specific…simply contact The Angells and we will provide you with the information you desire on Summit County: Breckenridge, Frisco, Keystone, Copper Mountain, Dillon and Silverthorne.
