Change. Today we have witnessed a dramatic decline in the number of properties selling throughout the county as well as sharp increase in the number of available properties to purchase. And at the same time the average sold price keeps going up and the number of days it takes to sell is going down – mostly anyway!
Through the end of August there were 790 residential sales in Summit County (not including land or partial ownership); which is about 43% less than what we had in 2007 (In 2007 we had 1384). The average sale price for the 1384 properties that sold last year was $539,779 and this year’s 790 properties came in at $587,061!
Analyzing in a little more detail and comparing each town’s sales and average prices of the sold properties this year through August as compared to last year coupled with the number of properties over 1mil that sold during that timeframe shows more interesting information. You will find this information on the below - I hope you enjoy it.
|
Frisco |
# Sales – YTD Aug |
Average Sold Price |
Average Days to Sell |
# of Sold Properties over 1mil |
|
2007 |
143 |
$558,366 |
150 |
5 |
|
2008 |
76 |
$496,400 |
116 |
4 |
|
Breckenridge |
# Sales – YTD Aug |
Average Sold Price |
Average Days to Sell |
# of Sold Properties over 1mil |
|
2007 |
493 |
$703,907 |
148 |
80 |
|
2008 |
289 |
$771,368 |
169 |
57 |
|
Dillon |
# Sales – YTD Aug |
Average Sold Price |
Average Days to Sell |
# of Sold Properties over 1mil |
|
2007 |
213 |
$346,431 |
143 |
3 |
|
2008 |
109 |
$365,559 |
94 |
2 |
|
Keystone |
# Sales – YTD Aug |
Average Sold Price |
Average Days to Sell |
# of Sold Properties over 1mil |
|
2007 |
237 |
$460,877 |
136 |
14 |
|
2008 |
134 |
$506,361 |
118 |
6 |
|
Copper MTN |
# Sales – YTD Aug |
Average Sold Price |
Average Days to Sell |
# of Sold Properties over 1mil |
|
2007 |
69 |
$392,013 |
137 |
2 |
|
2008 |
32 |
$458,019 |
84 |
2 |
|
Silverthorne |
# Sales – YTD Aug |
Average Sold Price |
Average Days to Sell |
# of Sold Properties over 1mil |
|
2007 |
230 |
$481,109 |
121 |
14 |
|
2008 |
151 |
$538,796 |
134 |
14 |
If you are thinking of getting involved, or have a referral to send our way, in Summit County real estate (Breckenridge, Frisco, Copper, Keystone, Silverthorne, Dillon) now may be a much better time than waiting until later this year as activity is picking up.
No matter what your interest are or questions are, we can help. I have been enjoying all the Summit County area has to offer for over 20 years now and active in local mountain real estate for over 14 of those 20 years - feel free to put my experience and knowledge to work for you. When you need anything I am a quick email away at Mail@JeffAngell.com or use our online contact form.
