1st Quarter Update. Summit County Real Estate.

The market today is up 6% for the number of sales and down -6% for the average sold price for Summit County Residential Properties. An interesting twist or thought is that if we take out the recent sale of a project in Breckenridge, where the prices were adjusted downward in order to facilitate a quick sale (One Ski Hill Place), the results are quite different with sales up 1% and average sold price down -11% in Summit County!

Okay, how about for the North Side of the County (Frisco, Copper, Keystone, Silverthorne and Dillon)? Sales for the first quarter are up 5% with the average sold price down -11%. And for the South Side of the County (basically the Breckenridge area), sales are up 8% and average sold price is down -0.5% and without One Ski Hill Place the South Side sales are down -5% and average sold price is down -9%.Interesting Stuff. Inventory today is down -11% and at this time last year the inventory was down -12%. The total number of properties that are under contract is up 16.5% and last year at this time they were up 15%.Last week the activity came in almost identical to the same week last year. Learn more here http://www.ecoloradohomes.com .

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.