What a Market! Summit County Resort Market Soaring.

Sales up 19%. Pending Sales up 36%. Inventory down 12%.

Sales are up that 19% county wide as well as the North Side and the South Side. In fact, sales are up in each town as follows: Breckenridge up 19%, Frisco up 14%, Copper Mountain up 94%, Dillon up 7%, Silverthorne up 26%, Keystone up 16%.
 

The average sold price for the county's residential sales is now down -2%, -5% on the North Side and +1% on the South Side.
 

The inventory is down and does appear to have peaked a few weeks ago and yet the inventory the county has today of properties for sale is not as low as it has been in years past. Actually the county had less of an inventory for buyers to choose a property to purchase from late Summer/Fall of 2005 through the Spring of 2008. It will be interesting to see how the inventory goes as we progress through the next few years.
 

Interesting note: In each year 2005, 2006, 2007 and 2008 the annual sales were substantially more (30 to 60% more) than what our annual sales will be this year with that 19% improvement we are seeing right now. If the past is any indicator, a low inventory could translate into improved number of sales.

Jeff Angell Realtor, Manager, Owner RE/MAX Properties of the Summit/Frisco Market Info:  http://ecoloradohomes.com Find Jeff on Facebook,  facebook.com/REMAX.PropertiesoftheSummit Search Real Estate here: http://ecoloradohomes.com The Stats Weekly Activity How's the Market Condo Sales Home Sales Vacant Land Sales Townhome Sales Duplex Sales Top Firms     RPOTS Market Summary 2012 *Sales Stats Updated August 2013

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.

Summit County Real Estate Pending Sales Up 39% - WOW!

 
August sales "robust" may prove to be an understatement! In fact, the past three weeks of activity this year are coming in with a 51% improvement in the number of residential properties in Summit County going under contract. All this activity has resulted in a current 39% improvement in the total number of residential properties being under contract this year at this time as compared to last year at this time!

Another interesting fact: The under $500,000 sales have driven the county wide increase in sales this year and are currently bolstering 76% of the increase in residential property sales in Summit County.

Another interesting fact: Last year the total number of properties for sale peaked last week and it appears this year is following that trend - the county may have peaked.

The active inventory is down 11% countywide.

Sold prices are averaging -1.7% lower than last year for residential sales in Summit County. The North Side is witnessing an average sold price that is -6% lower and the South Side is witnessing an improvement of +2.7% in average sold prices. What is interesting about the average sold prices is that they have all improved a couple percentage points in just one week!

Oh, by the way, the average sold price of the above mentioned properties: Summit County $503,671, North Side $411,498, South Side $631,874.

Jeff Angell Realtor, Manager, Owner RE/MAX Properties of the Summit/Frisco Market Info:  http://ecoloradohomes.com Find Jeff on Facebook,  facebook.com/REMAX.PropertiesoftheSummit Search Real Estate here: http://ecoloradohomes.com The Stats Weekly Activity How's the Market Condo Sales Home Sales Vacant Land Sales Townhome Sales Duplex Sales Top Firms     RPOTS Market Summary 2012 *Sales Stats Updated August 2013

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.

Summit County Pending Sales Up 30% (Plus all updated Sales Stats)!

August sales continue to be very robust...in fact, the past two weeks of activity this year are coming in with a 51% improvement in the number of residential properties in Summit County going under contract! And last week's improvement for the under contract activity came in with a 54% improvement.

The total number of residential properties in Summit County that are currently under contract is up 30% over this time last year with current 2013 Sales up 17%! Interesting that the number of residential properties that have sold in the North Side of the County is up 18% and the South Side is up 17% - virtually the same.

Another interesting fact: 78% of the increase in sales in Summit County this year comes from sales under $500,000 and 22% of the improvement from sales over $500,000. In fact, on the North Side the entire 18% improvement is from sales of properties selling under $500,000 with the North Side sales over $500,000 showing a decrease; whereas the South Side is witnessing an improvement below $500,000 and in the over $500,000 selling price point up a bit more of an improvement. The South Side does show a decline in sales of properties in the $2,000,000 plus price range of about 50%.

The active inventory is down 10% countywide.

Sold prices are averaging -3.4% lower than last year for residential sales in Summit County. The North Side is witnessing an average sold price that is -8% lower and the South Side is witnessing an improvement of +1.2% in average sold prices. Oh, by the way, the average sold price of the above mentioned properties: Summit County $499,836, North Side $406,864, South Side $628,476.

Be sure to check out Stats at the bottom of this email as all the Sales Stats have been updated through last week.

Besides the Stats below you can find a slide show showing RPOTS's market penetration, updated through the end of July for each town including Summit County as a whole at http://www.haikudeck.com/p/FW9yKi01Rb  - By the way, RPOTS is the clear leader and a tremendous resource for buyers and seller!

In addition, here are a couple more slide shows by each town as well, but for Condominium average sold prices http://www.haikudeck.com/p/8ANVnH5LvL and Single Family Home average sold prices http://www.haikudeck.com/p/aUfg9oPfb4 - all updated!

Jeff Angell Realtor, Manager, Owner RE/MAX Properties of the Summit/Frisco Market Info:  http://ecoloradohomes.com Find Jeff on Facebook,  facebook.com/REMAX.PropertiesoftheSummit Search Real Estate here: http://ecoloradohomes.com The Stats Weekly Activity How's the Market Condo Sales Home Sales Vacant Land Sales Townhome Sales Duplex Sales Top Firms     RPOTS Market Summary 2012 *Sales Stats Updated August 2013

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.