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Summit County Real Estate Sales 2018

The ever changing real estate market has been pretty apparent during the first 18 years of the 21st century. A strong start was followed by a little hiccup felt during the 911 tragedy. Then a steady push up before bottoming out in 2008. almost a decade was spent on that recovery and now, the question is, are we heading for another downturn.  The answer is most certainly yes. The real questions are when and how severe.  If only someone knew those answers.

Residential Real Estate Sales

Summit County real estate sales in 2018 were good. Not as good as 2017 which is one reason there is speculation about a downturn. Residential sales were only off 2017 by 8%. 1,830 sales during the course of 2018 compared to 1,987 in 2017. While a relatively small difference, it was the first decrease in number of residential sales since the recession.

Average Sale Price

Summit County real estate sales 2018Average sale price for a residential property was up in 2018 by 9.3% over 2017. That increase brings the average sale price to $764,785. That is the average in the entire county for all residential properties. Residential properties under $200,000 are few and far between with only 17 sold in 2018. Properties priced over a million dollars made up 20.4% of sales in 2018. About 1/5th of those sales were over $2,000,000.

Inventory Levels

Inventory is growing too. The number of residential properties for sale was up 18.6% over 2017. That is giving buyers a few more properties to choose from but options are still limited, especially in the lower price points. In early January, there were 370 residential properties for sale in the county. 51% of those 370 were priced at $1,000,000 or above.  75% of those 370 were above $600,000. That doesn’t leave many properties to choose from with a price tag around half a million dollars or less.

2019 Forecast

The amount of time the real estate market has spent pushing higher is the main reason it has to stop. The market is always changing. Every new high will bring another new low. With very few homes on the market, demand will have to decline dramatically in order to see prices go down. Perhaps the appreciation will not be as dramatic in 2019 and we will see the market level off, but I don’t anticipate Summit County real estate prices to drop just yet.

Refresh your memory with 2017’s year end numbers and see how we did with our 2018 predictions in 2017’s year in review blog post.

Posted in: Market Statistics Tagged: 2018, Inventory, Recap, 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

Jason used amazing strategy for pricing, selling and acquisition of our next property. In this market this strategy is critical for success – especially with the buying process. Summit County real estate is a challenging market. We have bought and sold two properties and just bought our third. Jason and Meredith have been there for Continue Reading

Ben from Centennial February 2, 2022

You were very knowledgeable and supportive during this transaction. I was most impressed with your calmness and smart decision making during a chaotic process. Thank you again for your calmness during all of this.

Barbara from Centennial January 24, 2022

home in Breckenridge

We were very impressed with your professional skills, timely communication, and excellent listening skills. We felt you cared about us and our success.

Frederick from Colorado January 24, 2022

Living room in Dillon condo

(I was most impressed that they) Kept us informed through it all and helped navigate the things that needed to get down in a timely fashion. Also really appreciated help getting people to do some of the things done around the house.

Kate from Ft Collins November 4, 2021

House in Hamilton Creek

You guys did an exceptional job for us and went the “second mile” in many ways. We were most impressed with Pro-active and involved interaction with us and everyone in the process. Your team was exceptional. Recommended many things for us to do, and then helped us do them. Followed up,, checked in, and helped Continue Reading

Warren & Sue from TX August 12, 2021

Treehouse condo

Over the years we have bought and sold over 30 pieces of property and this was one of the most efficient and painless processes. Service and attention was A-perfect!

Jack from FL August 9, 2021

Gateway condo in Keystone

I very much enjoyed working with both Meredith and Jason, they really focused on our needs and questions. Their knowledge of the Summit County Area was worth its weight in Gold. Thank you guys!

Glen from GA July 27, 2021

sale of house

We were most impressed with your good judgement and advice on everything. Thank you for navigating us through the sale of our house.

David & Cecile from Boulder July 14, 2021

Copper Mountain Ski Resort

Great service- more forward leaning than previous realtors Most impressed with follow up, knowledge of local market, going the extra mile on document review and getting HOA questions answered. Good advice on price point, patience, and negotiations. Understandably you aren’t always available to look at properties, but in the crazy COIVD market there was one Continue Reading

Holly from Colorado Springs June 14, 2021

Most impressed with the dedication to getting the best deal for us! Exceptional service, skilled negotiators, truly worthy! I wouldn’t consider hiring anyone else. Thank you Meredith and Jason.

Lloyd from Salida June 4, 2021

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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