Time to reflect with a 2015 Year End Market Analysis for Summit County, CO.
Thanks to our wonderful friends at Land Title Guarantee Company here in Dillon, Colorado, we have some interesting numbers to share! 2015 was a fantastic year here in Summit County, showing substantial movement in our Real Estate Market and upward trends that we hope to continue to see.
Final Monetary Volume for 2015 rang in at $1,372,793,984 from a total of 2,537 real estate transactions in Summit County.
That is incredible!
Average Transaction Price: $543,881
Average Residentail Price: $546,678
Average Price per Square Foot: $348
Average prices have continued to increase over the last four years!
Average Single Family Home: $855,925
Average Multi Family Property: $399,232
Average Vacant Land $372,794
We are expecting the lower inventory throughout Summit County to remain through 2016 which should help the upward trend of sale prices continue.
Have questions about inventory or market values here in Summit County, Colorado? Call or text us anytime 970-262-7890.