Sales Up. Prices Down. Summit County Colorado Real Estate.

The local market: Sales are up countywide by 7% - 17% on the South Side and 1% on the North Side - and inventory is down -12.5%.

The under contract sales activity over the past week is pretty much the same as last year and if trends remain as last year the activity will drop for a bit and start to pick up the end of June. Although,  the county is poised to have more than normal properties selling over the next two months as our current number of properties that are under contract is up 21%.

Average Sold Prices: Countywide down -4.3%. The South Side down -3.4% and the North Side down -8%.

What has sold so far in the county has sold at a ratio of 95% (List Price to Sold Price) and on the North Side that ratio is 95.5% and the South Side that ratio is 94.5%. Countywide this ratio is up about 1 percentage point.

Glancing at the sales by price range show that the $0 to $500,000 sold price range is up in the number of sales and flat for price. In the $500,000 to $1,000,000 range the sales are down and price is also generally flat. The sales in the over $1,000,000 range are showing a general decline in average sold price countywide and yet with the properties that are under contract today that are listed over $1,000,000 their average sold price on the South Side is on track to go up to 2012 levels and the North Side is on track to go up about 3% or about -12% below 2012 levels.

Interesting that what is under contract in the 0 to $500,000 and the $500,000 to $1,000,000 ranges are currently under contract at an average list price that is less than the average sold price so far this year. Thus, those price ranges are on track to go down a tad or generally remain flat.

Learn More at 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.