Your Source for Summit County Real Estate
2016 year end sales were down 4% from 2015 numbers. That’s it. We are done clawing our way out of the recession. Our double digit annual rise from the ashes is over. So what’s next? Where does the market go from here? What is the future of real estate? Predicting the future would be so […]
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 […]
With the low inventory levels in the real estate market buyers are looking outside their initial target area in order to have more to choose from. That means the area that they have been following during their search may not be where they end up looking and/or buying. As a result, they can be less […]
Real estate, like most commodities, is a supply and demand market. Low supply and high demand create a tight market. High supply and low demand create a saturated market. During a saturated market, there are an abundance of properties. That abundance gives buyers their pick of properties and makes sellers compete to get one of the […]
We currently sit at 404 residential properties in the entire county for sale. Of those 404, 213 are priced over one million dollars. Of the 203 Summit County residential properties that sold in October only 25 were priced over one million dollars. That means 178 people spending under one million dollars in just one month. […]
Lawrence Yun, Chief Economist and Senior Vice President of Research at the National Association of Realtors (NAR), stopped by Silverthorne recently to give us an economic update. This was my first time hearing him speak and I was quite impressed. In about an hour he gave us a good understanding of the current economic conditions relating to […]
How does today’s market compare with the market one year ago? Currently Dillon, Frisco and Silverthorne have the tightest real estate markets. Highlighted in pink as an Extreme Seller’s Market there is less than 2.4 months of inventory. The orange highlights are still a Seller’s Market, just not as tight with a 2.4-5.4 months supply. Keystone and Breckenridge are currently in a […]
You have probably heard that inventory levels are down in Summit County. We only have enough properties for sale to get us through the next 3 months. Of course, more properties will come on the market and carry us into the summer and fall months, our selling season. However, choices will be tight and competition may […]
2015 was a year of significant improvement in the Copper Mountain real estate market. Copper started the year in an extreme buyer’s market but thanks to a great summer and fall, ended the year in a balanced market. Sales numbers were up 29.7% over 2014. Median sale price increased as did the list to sales price ratio, […]
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 […]
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