888-666-0844
    Click for Covid-19 impacts

Mountain Living Real EstateMountain Living Real Estate

Your Source for Summit County Real Estate

  • Search
    • Search All Properties
    • Our Listings
  • buy/sell/rent
    • Buyers
    • Sellers
    • Renters
    • Property Management
  • Communities
    • Breckenridge
    • Copper Mountain
    • Dillon
    • Frisco
    • Keystone
    • Silverthorne
    • Park County
  • Blog
  • About
    • Client Testimonials
    • Contact

2016 Real Estate Recap

2016 was very much a seller’s market; very tight inventory and rising prices.  Buyers struggled to find properties, often compromising or waiting.  Indecisive or out of town buyers often missed properties as they were snatched up by ready buyers.  More properties than usual seemed to come back on the market because quick acting buyers, after doing further research, decided the property wasn’t right for them.  Moves between properties in the county were more difficult because replacement properties were hard to come by.  That caused many sellers to hold off on selling. Below are statistics giving a 2016 real estate recap for Summit County, Colorado

2016 Statistics

Home in Mesa Cortina
2016 was a tight market with little inventory and rising prices
  • Residential inventory is down 24.7%
  • Residential sales were down 4% year over year.
  • Average sales price for residential properties in Summit County is up 5.8% to $595,390.
  • Average price per square foot for residential properties is up 6.9% to $376.45
  • The average days it takes for a residential property to sell is down 26.8% to 82 days, just under 3 months.
  • The list price to sales price ratio for residential properties in Summit County is 97.42%.  That’s slightly better than 2015’s 96.63%
  • The most expensive home to sell in 2016 sold for $6,400,000.
  • Breckenridge has the highest average sale price at $781,274.
  • Copper Mountain has the lowest average sale price at $381,719.
  • Land sales are improving but it is still a buyer’s market in most areas.

There are just over 300 residential properties for sale in all of Summit County.  Around 600 properties would be a more reasonable amount of properties for this time of year.  During our most recent downturn, Summit County had around 2000 residential properties available for sale.

Even after looking at the 2016 real estate recap, no one can say for sure where the Summit County real estate market is headed.  I anticipate the first half of 2017 will be more of the same with tight inventory and rising prices.  The second half of the year is still too far away.

Posted in: Market Statistics Tagged: 2016, Breckenridge, Copper Mountain, Recap

Leave a Reply Cancel reply

Your email address will not be published.

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Post navigation

« Foote’s Rest Redevelopment Approved
Why Do I Need a Real Estate Agent in a Hot Market? »

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

Contact Us


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
© 2021 · Equity Framework
© 2021 · Mountain Living Real Estate, Inc.
 

Privacy Policy · Sitemap
Listings Sitemap · Log In