The Graph Above, I think you will find it most interesting as it shows the historical average sold price and the number of sales for January and February for each year from 2000 to 2019. Also the change year over year for prices and number sold is reflected in a percentage as well as the graph for a visual. You can also view it here in PDF format in a full screen format.
Now to the current market of January & February Real Estate Sales: The number of sales dropped 10%. It took 38% longer to sell a property. The percent of list to sold price remains strong and about the same as it was last year for this time period at 98% and the average residential sold prices climbed upward by 14%. And, the average prices in Summit County will continue to climb up over 2018, so now is still a great time to get in this market and reap the benefits of continuing healthy appreciation and great rental revenue.
New Construction Sales in January & February represented about 13% of the sales. Approximately 57% of what is currently pending or under contract today consist of new construction.
$1,000,000 Plus Sales: One Million plus sales have increased by 5 as compared to January & February of 2018 and currently represent about 23% of the sold market. Of the current properties under contract 25% have a list price of over $1,000,000. Of the total active listings 47% are currently listed over $1,000,000!
Where are the Sales: Basically, the south part of the county is the Breckenridge area and north part consists of Frisco, Copper, Dillon, Silverthorne & Keystone.
Interesting that of the sold properties in Summit County so far this year, 34% of the sales occurred in the south part and 66% in the north part. Currently, of the total of active listings in Summit County, 37% are located in the south part and 63% in the north part.
SFH & Condos: Condominium sales are down about 9% with their average sold price coming down about $45,000 to $462,000. SFH or Single Family Home sales are up by 2 sales, and their average sold price is up by about $300,000 to around $1.4 million. It is safe to say that the SFH sales are driving the average sold price increase for residential sales so far this year.
Enjoy the 2018 Stats Recap below for Interesting Stats, Residential, Single Family Home and Condominium sales for the county as well as each local resort town.
