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Summit County Real Estate Market 2016 Vs 2015

AbsorptionByArea3-16How 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 Seller’s Market.  That leaves Copper bringing up the rear.  Copper is still in a Buyer’s Market with an 8 month supply of properties.

Let’s compare these numbers with 2015 numbers.  Only Dillon was in the Extreme Seller’s Market category.  Breckenridge was seeing a Balanced Market and Copper was still tagging along behind but with almost 20 months of inventory.  The rest of the county was in a Seller’s Market.

Overall the tightest markets are in the lower end price ranges.  All the Summit County areas are seeing Extreme Seller’s Markets for properties priced below $200,000.  For some markets, like Frisco, that Extreme Seller’s Market is pushing up to the million dollar price range.

Our market is a tighter market than it was last year.  We have lower inventory and slightly higher buyer activity.  As ski season comes to a close this month we will see more properties come on the market, which is a normal trend.  This year, however, I don’t anticipate we will build much inventory heading into the summer months.  The majority of the properties coming on the market will be absorbed by the buyer demand.  That will continue to keep inventory tight and push prices higher over the summer.

Posted in: Market Statistics Tagged: Absorption Rate

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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!”

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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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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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