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2015 – The Summit County Real Estate Market Year In Review

The Summit County real estate market has been plugging along in an upward trend since 2009.  That continued through 2015 but with a little more gusto than previous years.

Double digit sales increases continued in 2015 with a 13.3% bump pushing us to more than double the sales that happened in 2009.  While the sales numbers are extraordinary, they are still 23.2% below the market peak in 2006 when we had 2,499 residential sales.

Inventory levels are extremely low.  There are currently fewer than 500 residential properties on the market in Summit County.  That’s about half the properties on the market this time last year and about 1/3 the properties that have been on the market to start previous years.  We typically gain inventory as the year goes along with the peak coming around September.

The increasing demand and shrinking inventory pushed prices higher in 2015.  The amount of the increases  vary across the county, neighborhood to neighborhood.  The high demand in some neighborhoods fueled competition between buyers creating multiple offers.  As a result, some sale prices exceeded pricing hit during the peak of our market.

2015 was especially good to Copper Mountain’s real estate market.  The year started as an extreme buyers market with a 17 month supply of properties on the market.  After 96 sales in 2015 it ended the year a balanced market with only about a seven month supply currently.   Reaching 96 sales meant a 29.7% increase over 2014 numbers; a much needed improvement.  Copper is still behind the rest of the county however, with all other areas already in a seller’s market.

2015 was a good year.  At this point, indications are that 2016 should be even stronger.

Posted in: Market Statistics Tagged: 2015, Recap

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About Us

Mountain Living Real Estate, a.k.a. The Mountain Living Team, is a family owned, second generation, real estate company that has been helping buyers and sellers in Summit County since the early 90’s.  Mountain Living Real Estate is committed to going above and beyond to ensure their clients have the most amazing real estate experience possible.  Jason & Meredith take a personal approach to educate their clients, empowering them to make high quality decisions no matter the situation.  They take exceptional care throughout the sales process and beyond; striving to make each client’s path in Summit County one filled with fun, excitement & great memories.

Work with Mountain Living Real Estate and you’ll understand why so many people say, “We Love Mountain Living!”

Testimonials

View from Silverthorne

Professionally executed from start to finish

William from TX Mountain Living Real Estate November 25, 2020

Honest and realistic about pricing and negotiating. On the clients side for negotiations. Willing to go extra mile for anything we needed since we were out of state.

Kristin from VA Mountain Living Real Estate October 6, 2020

Thank you Jason and Meridith for all you did . We were very impressed from the start to the finish . Jason was very timely with his responses to any questions or concerns we had . His very calm and professional demeanor was most reassuring. The photos that Meridith took were professional grade . All Continue Reading

John from Idaho Springs, CO Mountain Living Real Estate October 2, 2020

Jason and Meredith exemplify what real estate agents should be.  We purchased two homes and sold one with them.  The attention to detail was outstanding.  It is rare in today’s world to find such a high level of customer service.   Jason and Meredith handle everything and go way above and beyond what other agents would do.  The online tools, calendar Continue Reading

Wendy from Pine, CO Mountain Living Real Estate September 14, 2020

La Riva del Lago

Thank you for going above and beyond to sell and help me close! You have been a great resource for us. We so appreciate it!

Sheila from KS Mountain Living Real Estate September 10, 2020

Most impressed with timeliness and response – working with us late in the evening. It was a pleasure. Appreciate the opportunity to work with you.

Kevin from Highlands Ranch Mountain Living Real Estate September 4, 2020

You did a wonderful job. You went up to the condo several times. Not only did you take pictures, but you set up the dining table, etc. for better showing. You came in for inspection follow up, etc. All much appreciated!! All the extra special touches and great communication from listing to closing meant a Continue Reading

Pat from Broomfield, CO Mountain Living Real Estate July 11, 2020

You went above and beyond our expectations to check out the Wetterhorn unit! You know what we like and saw the opportunity for us to purchase a unit we will enjoy!

Linda from Texas Mountain Living Real Estate June 30, 2020

Buffalo Ridge Condo

We were most impressed with the willingness to get the job done under difficult situations.

John from Manitou Springs, CO Mountain Living Real Estate April 13, 2020

January Sales get a Thumbs Up

Good communication and quick response. Knowledge of area and market. Pleasant attitude through it all.

Stacey from Texas Mountain Living Real Estate March 1, 2020

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Jason and Meredith Adams

Jason & Meredith Adams
Mountain Living Real Estate

101 Main St, #109, PO Box 4115 Frisco, CO 80443

(888) 666-0844
team@mountain-living.com
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