Wednesday, November 27, 2019

November 2019 Breckenridge/Summit County Colorado Real Estate Update

   
The Local Real Estate Market:  November is quickly coming to a close and sales are winding down in 2019 at a brisk pace with strong prices.

Residential Sales: Prices remain strong (check out the chart above). The lowest average sold price in Summit County is in the town of Dillon at nearly $550,000 with an increase in sales of 24%! 
Head up to Breckenridge with the highest average sold price of over $1,000,000 (up 22%) and a drop in sales numbers by about 17%, a 22% gain that translates into an average sold price increase of $203,891!

Home Sales: $1,358,101 is the current average sold price for a home in Summit County. Sold prices are up about 11% or $138,017 over the same time period in 2018. Breckenridge has had the highest gain at plus 19% or plus $256,687! Homes are selling at 97% of list price on average and are on the market for about 73 days. Keystone has the highest average sold price at just over $1,500,000.
Condo Sales: The average sold price for a condo in Summit County is just over $500,000 and condo sales are down just a bit by 4%. It does take about 10 days longer to sell a condo this year or about 44 days on average with the condo prices rising about 4%. Frisco has the lowest number of days to sell a condo at 27 and Copper has the most at 63. 

Nancy Yearout
Broker Associate
RE/MAX Properties of the Summit
970-485-0293

Still thinking about getting your own Mountain Get-Away...Why continue waiting and just spending more? Contact me today to find out how you too can reap the benefits of this very healthy resort real estate market!  

RE/MAX Properties of the Summit - 2 Offices in Summit County, CO: Frisco & Breckenridge
Source: Sold Data from SAR MLS.  Stats pulled on 11/12/19 and is for January, February, March, April, May, June, July, August, September, October and through November 8 comparing the same time period in 2018. **The information contained herein is based on information provided by others. Accordingly, we make no guarantee of its accuracy and suggest you make an independent inquiry of any matters you regard as important. 
Each office is independently owned and operated.