Resort Sales Up 15% with Pending Sales Up 28% - Summit County, Colorado

The market is up in 15% in Summit County for the number of residential sales through July 28th! The North Side of the county is up 11% and the South Side is up 20%.

Average sold prices are down about -3% county wide and down -8.4% in the North end and up about 1% in the South end. The average Summit County Residential sale so far in 2013 is just over $500,000.

 

As we rolled into the summer the driving improvement county wide consisted completely of sales under $500,000 and today that is starting to change. But, that change is occurring on the South side of the county only. Sales on the North end of the county under $500,000 are up 22% and over $500,000 sales in the North are down -14%. In the South end sales under $500,000 are up 14% and over $500,000 are up 26%. Very Interesting.

Last week's activity came in with 50 properties going under contract and the week before that there were 45 - these are peak summer numbers and we are two to three weeks away from the typical peak. The local market has a lot of momentum going on as the peak summer selling season approaches; which may result in very strong sales during the month of August. The number of properties in Summit County currently under contract are up 28.5% and the number of available properties today are down -12% - the county is getting more listings and, at the same time, more are going under contract; which is a great combination.

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.

North Side consists of the combined sales data from Frisco, Copper Mountain, Silverthorne, Dillon and Keystone and the South Side consists of all sales data from Breckenridge.