Breckenridge and Summit County Colorado
How's The Market YTD
2012?
Now that we
have reached the mid-way point of 2012:
The current number of residential
properties for sale in Summit County is 1600 which is down 15%, compared to the
first half of 2011.
508 properties have sold so
far which is an increase of 16%. Further, 214
properties are pending/under contract, a 33%
increase.
Of particular interest in
the present market...The average listing price of those properties that are
under contract right now, is less than the average sold price of properties so
far this year.
The average sold price in
the county is down 4% and once the current inventory that is under contract
today start to close, one would expect the average sold price to adjust downward
as well.
Another tid bit, the
average sold price this year would have to go up 35% to equal the average list
price of the properties listed for sale today. So, obviously, we still have a
whole lot of overpriced properties still on the market.
So what does this
mean?
I think you know the
answer...properties priced to the present market are the ones selling. And, we
have really nice selection of great ones still out there to buy. Now is the time to buy.
Click the link below to
view all the market statistics year-to-date:
