The
Market: Sales Up. Prices Flat.
Plus 14%: the increase in the number of residential properties that have sold in Summit County. Minus 14%: the decrease in available inventory of properties to purchase. Minus 1%: the change in average sold price. Plus 5.5%: the improvement in the number of properties that are under contract and getting ready to close!
Plus 14%: the increase in the number of residential properties that have sold in Summit County. Minus 14%: the decrease in available inventory of properties to purchase. Minus 1%: the change in average sold price. Plus 5.5%: the improvement in the number of properties that are under contract and getting ready to close!
Right
now the county is in the midst of a very strong market
which is improving over last year and last year improved over the year
before as did the year before...the market seems to be on
a positive track of even more sales, yet again, in 2013; which is very
evident today with a 14% improvement.
The
North Side of the county (Copper, Frisco, Keystone,
Dillon and Silverthorne) has an increase in sales of plus 4% with a
minus 8% change in average sold price. The South Side (which consists of
the town of Breckenridge and surrounding areas - think
Hoosier Pass to Farmers Corner [the high school]) has an increase in
sales of plus 30% and an average sold price that is flat.
Price
Ranges: Earlier in the year the driving force of the
improved market just happened to be the sales occurring under $500,000
and that driving force is still there with a slight change
as there has recently been a number of higher end sales (above $1m).
By price range & side of the county (North or South): Sales by sold price range of 0 to $500k are up plus 11% in the North and up plus 41% in the South with prices down in both areas (-3.5% & -2.5%). The $500 to $1m sales are down minus 11.5% in the North and up plus 11.5% in the South with prices flat in the North and down (-3%) in the South. The higher end sales have improved recently in the $1m plus range in the South Side of the County only. Sales over $1m are down (-27%) in the North and up (+66%) in the South with prices up a tad in the North and down a tad in the South.
Last week's
sales activity ended on a high note with plus 16% in new
inventory, plus 28% in new properties going under contract and plus 39%
in properties that sold.By price range & side of the county (North or South): Sales by sold price range of 0 to $500k are up plus 11% in the North and up plus 41% in the South with prices down in both areas (-3.5% & -2.5%). The $500 to $1m sales are down minus 11.5% in the North and up plus 11.5% in the South with prices flat in the North and down (-3%) in the South. The higher end sales have improved recently in the $1m plus range in the South Side of the County only. Sales over $1m are down (-27%) in the North and up (+66%) in the South with prices up a tad in the North and down a tad in the South.
Source: SAR Data for Residential (Condo, Townhome, Home, Duplexes) in Summit County, Colorado. Unless otherwise specified. **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.
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