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Copper Mountain Home Sales Increase 73%

Copper Springs Lodge at Copper Mountain Resort

2020 was an amazing year for Summit County real estate as it was for many areas across the country. As the year pushed on, sales skyrocketed, inventory plummeted and prices soared in all of our towns. In the last 12 months ending January 31, 2021, Summit County home sales increased by 21.7%. Copper Mountain home sales well outdid that with an increase of 73% year over year.

Copper Mountain home sales jump

Copper Mountain contributes the smallest number of sales in Summit County. They do have the smallest footprint in the county. As a result, fewer sales should be expected. In the last year, Copper had 109 home sales. Compare that with just 63 during the previous 12 months. As mentioned previously, that’s a 73% increase in the number of home sales.

Average Sale price increases by 11%

The average sale price in Summit County in the last 12 months was $909,675. That’s an 11.4% increase over the average sale price 12 months earlier. However, that does not mean every home in Summit County is worth 11% more now than it was worth a year ago. Home sales over $1million made up 28.7% of the residential sales. One year ago, they made up just 23.1% of home sales. That increase in high end home sales definitely helps drive up the average. Certainly some homes have seen an 11% increase or even more but each neighborhood is different and the actual value of your home would need to be evaluated individually. If you are considering selling, Mountain Living Real Estate can put together a market analysis on your Summit County home.

Inventory continues to drop

The number of homes for sale in Summit County is generally it’s lowest this time of year. Many people use or rent their homes for ski season and are not actively trying to sell them. This year is no exception. That makes us all feel the 33.8% lower inventory even more. There are only around 150 homes for sale in Summit County. That includes all residential properties from condos to single family homes. An average month can have over 150 home sales. As a result, there aren’t many properties for buyers to choose from creating a seller’s market and driving prices higher.

Limited land availability

Even vacant land in Summit County is seeing record low inventory. Last year there were 135 properties for sale. Now there are just 18. Yes, just 18 pieces of land in the entire county for sale. Sales of vacant land in the last year have increased 97.4% amplifying the shortage.

Because inventory levels are so low and demand for Summit County property is high, we expect tight market conditions to continue through this year. Prices will continue to push higher and our seller’s market will remain. Copper Mountain home sales, along with all the other areas in the county will continue to flourish, as long as there are properties available for buyers to buy.

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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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