November Sales Continue an Upward Trend
August, sales were up 36%, in September, they were up 73%, in October they were up 77%, and in November they were up 37%. Year to date sales are up 21%.
Average Sold Prices in November Skyrocket
November's average sold price for residential properties in Summit County rose by 35% over November 2019! Following an August increase of 3%, a September increase of 17%, and an October increase of 21%.
The average sold price for Summit County, year to date, is at $905,000.
Single Family Home Sales
Home sales are up 22%, with an average sold price increase of 11%. So far, in 2020, the average home sold price has been $1,507,048.
Condominium Sales
Condo sales are up 15%, with an average sold price increase of 8%. So far, in 2020, the average condo sold price has been $544,020.
Inventory
The current inventory of properties for sale continues to decrease and is now at record-setting low levels. In December of 2019, the county had a low inventory of properties for sale, and comparing December 1, 2020, to December 2, 2019, there's a decline this year of 64%.
And the average percent of list to sold price in the county continues at a high rate of 98.3%. The lowest percent of list to sold in the county is in Copper Mountain at 97% and the highest is in Silverthorne at 99%.
Stay tuned for the December 2020 year-end results and, I look forward to seeing you in 2021!
