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April Sales Tumble Amid Covid Crisis

Items TumbleSummit County Residential Sales

Summit County coronavirus closures began in mid-March. Ski areas closed, tourists were instructed to go home, businesses closed and the stay at home orders went into effect. Real estate sales became a lot more difficult. Some sales fell apart in the early stages and it was hard, if not impossible, for buyers to look at properties to buy. These circumstances severely impacted April Sales. Pre-coronavirus sales were pretty consistent with last year. In fact, the first quarter sales in 2020 were equal to 2019 sales. The virus had a minimal impact on March sales with a majority of properties most of the way through the under contract process when Summit County started to feel the impact. January and February are normally our slowest months of the year. However, this year there were just 70 sales in April 2020. 13% fewer than January and 47% less than April 2019. A pretty significant tumble.

Looking Forward

Unfortunately, the impacts of the shut down economy will continue to be felt in the coming months’ sales reports. Buyers are still buying and sellers are still selling but at a slower pace than is typical. 

May is off season in Summit County. To see fewer tourists and fewer real estate sales is pretty typical. Most events have been cancelled in June so summer will have a late start. That will push back real estate sales. We are optimistic that late summer and early fall will be active for real estate. Once again  we will see plenty of visitors to our county and welcome new home owners.
Mountain Living Real Estate has been, and will continue to, take the necessary precautions to ensure the safety of our clients and our staff during this unprecedented time. Real estate sales are happening in Summit County. We will continue to be here to provide exceptional service to those looking to buy or sell Summit County real estate now and in the future. Let us know if we can help you with your Summit County real estate needs.

Posted in: Market Statistics Tagged: April, Coronavirus, Residential

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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

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
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