September Sales Skyrocket
Skyrocket may even understate the number of September residential sales in Summit County. The number of sales increased by 70%, and the average sold price jumped up 18% compared to September of 2019!
Average Sold Prices
The average sold price for a residential property in Summit County was $1,012,000 which is up 18% over September of 2019. The average sold price for sales from January through September is $899,000 and that's 7% over 2019 for the same period.
- Average Sold Price by Town (YTD 2020 vs 2019): Summit County $899,473 (+7%), Breckenridge $1,184,232 (+1%), Frisco $811,374 (+11%), Silverthorne $765,464 (+9%), Dillon $592,859 (+7%), Keystone $699,883 (+5%), Copper Mountain $756,084 (+9%).
Number of Sales
Year to date, the total number of properties that have sold is up 8%. August and September sales turned the year-to-date sales in 2020 from a negative to a positive, and, due to a large number of properties under contract, October should continue that trend. In September, the number of condo sales surged upward by 69%, and the number of homes sales skyrocketed by 77% compared to September 2019!
- Number of Sales by Town (YTD 2020 vs 2019): Summit County 1330 (+8%), Breckenridge 489 (+15%), Frisco 137 (+4%), Silverthorne 357 (+29%), Dillon 122 (-23%), Keystone 172 (-13%), Copper Mountain 53 (+23%).
How much is that Home or Condo?
Year to date, the average sold price for a condo is $535,000 (up 6%) and the average sold price for a condo in September is $585,000 (up 17% over September 2019). The Single Family Home average sold price in 2020 is $1,446,000 (up 3%), and the average sold price for a single-family home in September is $1,702,000 (up 19% over September 2019).
Questions, interest in Buying or Selling or you just would like to talk further about the why's and what's happening in this market? Feel free to give me a call, text or shoot me an email...Stay safe, Nancy
