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Fast Facts – August 2018 Real Estate Sales

Residential Real EstateResidential Sales August 2018

  • Number of sales is down 12.6% vs August 2017
  • Dollar volume for sales is up 7.8% vs August 2017
  • Average sale price is up 23.3% vs August 2017
  • August 2018 average sale price was $862,340
  • There were 37.5% more sales over $1,000,000 in August 2018 vs August 2017
  • 55 sales, or 27.4%, were for $1,000,000 or more
  • 11 sales, or 5.5%, were for $2,000,000 or more
  • 78.6% of sales sold in the first 60 days
  • 77.4% of sales sold in the first 60 days in August 2017
  • 35% of sales were cash
  • 4.5% of sales were 1031 Exchanges

 

Vacant LandLand Sales August 2018

  • Number of sales down 10% vs August 2017
  • Dollar volume for sales is up 62% vs August 2017
  • Average sale price is up 80% vs August 2017
  • August 2018 average sale price was $424,458
  • There were no sales over $900,000 or below $150,000
  • There were no sales over $600,000 and seven sales below $150,000 in August 2017
  • 44.4% of sales sold in 60 days or less
  • 20% of sales sold in 60 days or less in August 2017
  • 83.3% of sales were cash

So far in 2018 sales are pretty flat when compared to 2017.  More higher priced properties are selling which is pushing the average sales price higher.  A 23.3% increase in average sales price doesn’t mean homes have appreciated 23.3% in the last year.  While prices are up, every neighborhood is different.  If you’re wondering about the price of your home in today’s market, contact us for a free home valuation.

Posted in: Market Statistics Tagged: 2018, August, Land, 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

We were most impressed with their team work and insights. We enjoy working with Jason & Meredith. We trust them and know we can count on them. This is our 6th transaction with Mountain-Living!

David from Evergreen June 16, 2022

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Brad was most impressed with Jason for his honesty. He could think of nothing that he should or could have done to make the transaction better.

Brad from KS May 3, 2022

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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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Jason & Meredith Adams are both licensed to sell real estate in the state of Colorado

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