Archive for June, 2013

Condo Sales Up 33% in Summit County, Colorado

The Market: Sold Properties YTD – Up plus 12%, Under Contract Properties – Up 18.5% and Current Inventory – Down minus 16.5%.

Last Week: Under Contract activity – Up 47%, Sold Activity – Up 27% and New Listing Activity did surge but still fell short by about minus 15%.

Sales by Price Range: Under $500,000 sales are showing a plus 17% improvement, Sales Between $500,000 & $1,000,000 are down minus 1.5% and sales over $1,000,000 are improving by plus 30%.

Interesting that in the same price ranges the average sold price is down minus 3.3% in the under $500,000, down minus 1.5% in the $500,000 to $1,000,000 and up plus 1.3% in the over $1,000,000.

Where are the sales occurring: The South Side of the County is up plus 23% in the number of sales and up 1.4% in average sold price. And, the North Side of the County is up plus 4.5% in the number of sales and down minus 7.7% in average sold price.

Another interesting tid bit: The average list price of the properties for sale today is the same as the average list price last year at this time for the county as well as the South Side and North Side.

In the link below you will find reports on condominium sales so far this year (2013 YTD) as compared to the years 2001 through 2012 for Summit County as well as by each town. It is 7 Pages, one for each town. If there were enough sales to perform an average then there is also a comparison of the 1, 2 and 3 bedroom condominium average sold prices for this year.

Condo sales are up county wide plus 33% with a plus 42% improvement in Breckenridge, a plus 44% improvement in Keystone and plus 83% in Copper Mountain!