Summit County, Colorado Real Estate Market 2016

By
Real Estate Agent with Christie's International Real Estate - Summit Colorado

Let it snow, let it snow, let it snow!  2017 is off to a banner year for snowfall as it keeps snowing across all the Colorado ski resorts.

In 2016 the Summit County real estate market made strides as well with an increase in the average sold price despite a -4% decrease in the number of transactions due to low inventory.  Here are a few statistics from the Summit County, Colorado real estate market in 2016:

– Out of the 1,839 residential sales in Summit County, Colorado (down from 1,917 in 2015) 968 (53.63%) sold for under $500,000 while 220 (11.96%) were sales over $1 million

– The average sales price in Summit County increased +5.92% from $568,165 in 2015 to $601,799 in 2016

– Condo sales accounted for 52.69% of all transactions with all towns sold price per square foot increasing and many had an increase in the average sales price as well

– Breckenridge’s average purchase price for single family homes rose +3.34% from $1,104,265 in 2015 to $1,141,105 in 2016

– Townhomes and duplexes across Summit County had a +12.04% increase in the average sold price and a +10.20% increase in the average sold price per square foot

– Wondering how many transactions occur each year by area…?

Overall, the Summit County, Colorado real estate market in 2016 continues to show signs of recovery with considerable increases in the average sold price and sold price per square foot compared to 2015.  Whether you are looking to purchase or sell a property in Summit County in 2017 let Krystal Knott with LIV Sotheby’s International Realty assist you with the process.  With over 10+ years of full-time experience, I am your local expert.  Call today at 970.333.0116 or email directly at Krystal.knott@sothebysrealty.com.

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Comments (1)

Paul S. Henderson, REALTOR®, CRS
Fathom Realty Washington LLC - Tacoma, WA
South Puget Sound Washington Agent/Broker!

I am a market report junkie and I enjoy seeing what is up in your neck of the Colorado woods Justin & Krystal Knott. Some say nobody reads these reports but I believe these reports are really important and I read them...

Jan 13, 2017 04:21 PM