888-666-0844
    Click for Covid-19 impacts

Mountain Living Real EstateMountain Living Real Estate

Your Source for Summit County Real Estate

  • Search
    • Search All Properties
    • 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

Summit County Real Estate Market Continues On

Summit County Market StatsIt’s been almost a week since the ski areas in Colorado were ordered closed by the Governor. That was Sunday. Since then, restaurants were restricted to take out or delivery only.  Most Summit County businesses that have foot traffic were ordered to close. Hotels and short term rental properties were ordered to be vacated by their occupants. All public transportation options have shut down. Life as we know it in our touristy, mountain towns has come to a halt. And right in the middle of our Spring Break rush. That’s going to leave a mark.

Summit County Real Estate

Much to my surprise, real estate seems to keep plugging along. As expected, some properties are being pulled off the market, others, that were under contract, are falling apart and are back on the market. However, there have been a lot of new listings and several properties going under contract every day. There are some buyers still buying and sellers still selling.

New Listings

In the last seven days there have been 43 new listings in Summit County. These new listings were probably already in the works or previously planned by the owners. We will see if this type of activity continues in the upcoming weeks. Granted, ski season is pretty much over and that is when we usually see properties start to come on the market for our summer selling season. That may keep the new listings coming in.

Under Contract Properties

29 properties have gone under contract in the past 7 days. This statistic is surprising to me. People are not travelling. They are being urged to stay out of Summit County and other mountain towns. Yet, we are still seeing under contract properties. What’s even more odd, is 11 of the 29 properties that went under contract have been on the market for 28 days or longer. They weren’t new properties that buyers were waiting for. Regardless of the why they are buying, the fact is, they are buying. Properties continue to go under contract.

Reductions, Withdrawns and More

Some sellers realize the Coronavirus may stall the real estate market and have decided to reduce their price. We have seen 24 price reductions in the last 7 days. 17 sellers have decided to wait to sell and have taken their property off the market. 14 others have had their buyers back out of the sale and have had to put their property back on the market. These numbers are definitely higher than normal.

We are in unknown territory. Never have we seen daily life impacted in this way. Even so, the Summit County real estate market continues on. The longer the Coronavirus impacts our daily life like this, the more likely it is for the real estate market to be put on hold as well. I am hopeful that this lag time will mean pent up demand when things get back to normal and the Summit County real estate market will hit the ground running.

In the meantime, wash your hands and stay safe.

Posted in: Market Statistics Tagged: Coronavirus

Leave a Reply Cancel reply

Your email address will not be published.

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

Post navigation

« Coronavirus Impacts Summit County
Navigating the Summit County Real Estate Market »

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

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
© 2021 · Equity Framework
© 2021 · Mountain Living Real Estate, Inc.
 

Privacy Policy · Sitemap
Listings Sitemap · Log In