Breckenridge Summit County Real Estate Blog News Events Colorado

This blog is about Summit County real estate and lifestyle
  • Main Page
  • Blog Home

Summit County Resort Real Estate Update

Posted by Breckenridge Realtor on May 8, 2013 11:50 am under Summit county real estate statistics

The Market: Sales are up 15.5% and average sold prices are down -3.5%. Pending (properties under contract) activity is up 5%. Last year at this time sales were up 3%, average sold prices were down -2.5% and the pending activity was up 30%.

 

Sales: Through May 5th sales are up 15.5% countywide. The properties are selling after being on the market for an average of 323 days and last year at this time it took an average of 403 days. The North Side of the county is up 8% for the number of sales and the South Side is up 27% (wow).
Price: Countywide the average sold price is down -3.5% and properties are selling at 95% of their list price and 91% of their original list price; which shows that a little bit of a price adjustment is still needed to help a property sell today. The South Side of the county is down -1% for their average sold price. Interesting though is that if we remove the project sales, that had their prices adjusted downward substantially earlier this year and yet where still very high priced, the average sold price in the South Side of the county would be down -7%. The North Side is witnessing the largest downward movement with their average sold price down -9%.
Weekly Activity: Last week was a tremendous week for closings with a surge of 83% over the same week last year! The under contract activity is up 5 properties for a 22% improvement and the new properties coming on the market is up 33%.
What’s out there now? Well the county has -13% fewer properties to choose from and those properties are listed about -2% less than the properties for sale last year at this time. Interesting to note that the average list price of the properties that are currently under contract is -20% below the average list price of the properties for sale that are not under contract.
Fewer properties for sale. More properties selling. Prices lower and interest rates at record lows…what more can one ask for?
By the way, as of the end of April RE/MAX Properties of the Summit is number one in Summit County as well as in most all the local towns. See all the towns where we are number one on a slide show online here http://www.luckymountainhome.com/  .  In fact, here is one location where we (Resort Real Estate) are really leading the pack…

 

 

Have a great week.

Tags: Summit county real estate

No Comment

Comments are closed.

Posting your comment.

  • Parade of Homes Colorado

  • Categories

    • Breckenridge life (1)
    • Breckenridge news/events (156)
    • Breckenridge real estate (31)
    • Breckenridge video (3)
    • Dillon real estate (1)
    • Featured Posts (14)
    • Financing (9)
    • Frisco real estate (2)
    • Keystone real estate (4)
    • New developments (16)
    • Real etsate (7)
    • Silverthorne real estate (4)
    • ski resort (2)
    • Summit County (20)
    • Summit County vacation homes (1)
    • Summit county real estate (48)
    • Summit county real estate statistics (68)
  • Share this blog

  • Subscribe


  • About
  • Tag cloud

    market Dam road New developments heritage Keystone real estate Home Summit County Copper Mountain real estate MLS activities Keystone price news Frisco homes Copper Mountain property lake Breckenridge recreation center events services Breckenridge mortgage school Dillon property tax construction ski resort Silverthorne real estate road development Breckenridge real estate real estate market Abby Hall economy condos riverwalk center yoga Summit county real estate statistics life Summit County parade of homes Silverthorne ski real estate
  • Blogroll

  • Archives

    • June 2013
    • May 2013
    • March 2013
    • October 2012
    • September 2012
    • June 2012
    • May 2012
    • April 2012
    • February 2012
    • August 2011
    • July 2011
    • June 2011
    • May 2011
    • April 2011
    • March 2011
    • February 2011
    • January 2011
    • December 2010
    • November 2010
    • October 2010
    • September 2010
    • August 2010
    • July 2010
    • June 2010
    • May 2010
    • April 2010
    • March 2010
    • February 2010
    • January 2010
    • December 2009
    • November 2009
    • October 2009
    • September 2009
    • August 2009
    • July 2009
    • June 2009
    • May 2009
    • April 2009
    • March 2009
    • February 2009
    • January 2009
    • December 2008
    • November 2008
    • October 2008
    • September 2008
    • August 2008
    • July 2008

Copyright © 2022 Breckenridge Summit County Real Estate Blog News Events Colorado