Prices remain flat. Sales Up.

With only two more weeks left in 2012 the Summit County residential market is up 14.5% - this is down from a 19% year to date gain just last week. The big difference being that this week’s closing activity was down 48% as compared to the same time last year. We will have to wait and see how the closings stack up over the next couple weeks.

 

The South Side is up 7% in the number of properties sold and the North Side is currently up 20.5% - any improvement is great, but a 20% gain is tremendous.

 

The number of properties under contract also changed to a plus 14% - again largely due to that reduction of closings this past week.

 

Average sold price county wide is flat with the North Side holding at a 2.5% improvement and the South Side Flat as well. Prices have remained about the same as they were last week.

Jeff Angell
RE/MAX Properties of the Summit
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Source: Summit Association of Realtors' MLS Data for Residential (Condos, Townhome, Homes, Duplexes) in Summit County, Colorado only. Summit County consists of various Colorado resort towns such as; Breckenridge, Frisco, Copper Mountain, Keystone, Silverthorne including Wildernest and Dillon. * The information contained herein is based on information provided by others. Accordingly, we make no guarantee of its accuracy and suggest you make an independent inquiry of any matters you regard as important.