• Facebook
    • Twitter
    • Instagram
    • YouTube
    • Pinterest
          888-666-0844

Mountain Living Real EstateMountain Living Real Estate

Your Source for Summit County Real Estate

  • Search
    • 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

Great January Sales in Summit County!

January Sales in Summit County are great! 85 residential, real estate sales in January made last month the best January since 2008!

Quick January Stats

  • Inventory levels continue to be low; hovering around 700 properties for sale in the entire county.
  • Dillon only has 30 residential properties on the market now. That’s just under a two month supply.
  • Copper continues to be the slowest market with a 17 months supply of inventory. This is still much better than the 4 year supply seen a couple of years ago.
  • Copper 2014 sales hit 74 – an increase of 24% over 2013.
  • Overall Summit County is in a Seller’s Market with only a five month supply of residential inventory on the market now.
  • Finally the upper end price ranges across the county are beginning to balance out supply and demand. Properties under $1.5million have less than a one year supply.
  • Average sales price in Summit County has stayed relatively consistent over the last four years; hovering around $500,000.

Great January Sales in Summit County is cause for celebrationAbsorption Rate

Supply and demand is a key factor dictating the real estate market. Supply is the properties on the market or inventory. Demand is our sales. How they relate to each other give us another way to see how the market is changing. It is also how the absorption rate is calculated. The absorption rate is how long it would take all the properties currently listed for sale to sell. This doesn’t account for any new properties coming on and relies on past sales alone to determine how quickly they would sell. In the statistics above I mention that there is a five month supply of inventory in Summit County. This is calculated by the supply, 710 properties, divided by the last 12 months of sales, 1713. Then multiplied by 12 to come up with the number of months. A balanced market has approximately a six month supply of properties on the market. Of course, like with any statistics, we have to take into account the fluctuations during different times of year and any other relevant factors to determine what this information really means before making important decisions based on it. But no matter how you look at it, January sales in Summit County were great.

Posted in: Market Statistics Tagged: Absorption Rate, Inventory, January

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

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

Post navigation

« Was Your 2015 Resolution to Spend More Quality Time with Your Family?
Which Survey is Right for my Summit County Real Estate Purchase? »

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

Read More Testimonials

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

Read More Testimonials

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

  • Facebook
  • Twitter
  • Instagram
  • YouTube
  • Pinterest

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

© 2023 · Equity Framework
© 2023 · Mountain Living Real Estate, Inc.
 

Privacy Policy · Sitemap
Listings Sitemap · Log In