Silverthorne is growing, with improvements to the town’s central core near the Silverthorne Pavilion, new businesses moving in, new bridges and pedestrian pathways along the Blue River, and more and more retirees buying homes in the area. New housing developments are also paving the way for more luxurious living.
In 2007, the average sale price of a single-family home was $708,819, compared to $569,128 in 2006. Silverthorne is a popular town for showcasing Summit County's Parade of Homes, and the houses continue to get more and more extravagant, with indoor waterfalls, professional-grade kitchen appliances, in-home elevators, spectacular decks and fireplaces throughout the home.
The average sale price of a Silverthorne real estate Colorado condo or townhome was $316,053 in 2007, compared to $259,986 in 2006 and $226,343 in 2005. In 2007, Silverthorne had the fastest sales for condos out of all of the Summit County towns, with an average of 78 days on the market (compared to Breckenridge’s 193 days).
Vacant land increased more than $45,000 in a year, from $295,085 in 2006 to $340,488 in 2007. In 2004, the average price of vacant land was $209,665.
Though Silverthorne doesn't have a ski area to help bolster its growth, it does have world-renown Gold Medal fishing in the Blue River and an acclaimed, championship golf course, as well as an abundance of recreational activities. Plus, its proximity to Copper Mountain and Keystone Resort bode well for the town's continued growth. Silverthorne real estate appreciation.