The local real estate activity is still brisk with the number of
residential properties going under contract in Summit County last week
improving by about 14% over the same week last year. The total number of
properties under contract today is up about 13%. Even last week's
number of properties that sold more than doubled that of last year!
Sold Activity. Year to date through the 10th of
February the county is down -9% for the number of sales and the average
sold price is also down by -8%. The percent of list price ratio to sold
price is running at 94% and taking the average list price of the 165
properties that are currently under contract in Summit County and using
that same 94% ratio what is pending should sell just under today's
average sold price. Just under by about $2,000 less - so pretty close.
On the market today and waiting for that special buyer
are 1033 residential properties at an average list price of $713,021.
Today's average list price is -3% less than last year at this time.
Consider this though, the average list price today of residential
properties that are under contract in Summit County have an average list
price that is about 79% of the average list price of active properties
that are not under contract. And those under contract properties are, on
average, 6% above the sold average price.
Interesting stuff. Have a great week.
Jeff
Source: SAR Data for Residential (Condos, Townhome, Homes, Duplexes) in Summit County, Colorado only. * 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.
Learn more here: http://www.eColoradoHomes.com/
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