Market DataCopper Mountain
Intwesrat has been developing Copper Mountain over the past several years, and it has been developing it smartly, so as not to overwhelm the market with too many new properties. As a result, Copper Mountain Co real estate has been steadily increasing in value, between about 10% and 20% per year.
In 2007, a total of 197 properties sold at Copper Mountain. Out of all of the types of properties, condominiums were the biggest sellers. The average price of condominiums that sold (at an average of 850 square feet) was $360,743, with an average of 127 days on the market. Of the condos, the older Bridge End Condos are the cheapest, selling for about $192,000 in 2007.
Townhomes took an average of 22 days longer than condominiums to sell, but the spacious units sold for much more - an average of $988,725.
Single-family homes, with an average of 3,531 square feet, took just over 210 days to sell and sold for an average of $1.69 million.
Vacant lots, at an average of 0.24 acres, sold for an average of $743,167. That’s the highest average selling price out of all of the towns in Summit County, including Breckenridge, where the average was $445,365 (which makes sense, given that Copper Mountain lots are ski-in, ski-out, whereas Breckenridge lots are spread throughout town and beyond, and therefore are more affordable if they're not ski-in, ski-out.)
New, high-priced luxury developments have sold quickly, adding proof that Copper Mountain real estate Colorado is strong. Seventy-five percent of Union Creek Townhomes West, situated along the Ten Mile Creek, sold out in pre-construction, while all of the 26 condominiums at The Cache at Union Creek sold out pre-construction.
Copper Mountain's continual growth poses it to be strongly competitive with any of the other world-class ski resorts in Summit County, and its proximity to Vail makes it even more desirable. CopperMountain real estate appreciation.