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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.
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