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Incredible Residential Sales Again! March 2021

Traffic moving quickly just like the incredible residential sales in March

March is one more month in the string of months with incredible residential sales in Summit County. There were 177 sales in March, nearly double the residential sales in 2020. March 2020 was the start of the pandemic but this March residential sales were more than double 2019 too.

Selling quickly

70% of March closings went under contract within 30 days of being listed. 26% paid cash and a few did a 1031 exchange. The real estate market is hopping!

Very low housing supply

Summit County has fewer properties for sale today than sold in March. Only 134. It feels like we are seeing more properties come on the market but they are getting absorbed so quickly our inventory is not building. The Summit County market has been hovering around 125-140 homes for sale all of 2021. That includes all types of residential properties, all price points and anywhere in the county. As ski season ends the number of properties for sale typically builds. Hopefully we will see that this year too. We certainly need more homes to sell!

Majority of sales in Breck

Breckenridge made up 40% of the sales in March. That is very typical market share. Silverthorne made up 27%, Keystone 11% and Dillon, Frisco & Copper combined for the remaining 22%.

Land sales in Summit County

When there’s nothing to buy, people often look to build. If they cannot find what they want, they look to buy land and have it built. Unfortunately, this year, there aren’t many lots for sale either. We currently have only 21 for sale, and March had 20 land sales. Again, just about 1 months worth of inventory. That shortage is creating multiple offers in land sales too. That is a very unusual market dynamic.

The seller’s market continues

With few properties to sell and high demand, as seen as incredible residential sales in March , it puts the sellers in control. Buyers must do whatever the sellers want if they want the house. I see the seller’s market continuing strong at least through 2021.

Posted in: Market Statistics Tagged: 2021, Land, March, 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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