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: 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.
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Jeff Angell
Realtor, Manager, Owner RE/MAX Properties of the Summit/Frisco Market Info: http://ecoloradohomes.com Find Jeff on Facebook, facebook.com/REMAX. Search Real Estate here: http://ecoloradohomes.com
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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.
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