MICROMARKET REPORT
SUMMIT COUNTY |
MID-YEAR 2020
SUMMIT COUNTY
TOWNS & NEIGHBORHOODS 1. Breckenridge 2. Copper Mountain 3. Frisco
4
5
4. Silverthorne 5. Dillon
6
6. Keystone 3
2 1
Pictured on cover: 71 Sunrise Point Drive, Breckenridge
coloradomicroreports.com
SUMMIT COUNTY MARKET UPDATE Local residents and tourists in Colorado’s Summit County are excited about resuming summertime activities such as hiking, biking, and eating out while practicing social distancing due to the pandemic. Along with the return to local restaurants, shopping, and other outings that make the area such an amazing place to live, many consumers are even more eager to reengage with the real estate market in Summit County. LIV Sotheby’s International Realty produces a Micro Market Report focused on real estate activity for Summit County and the neighborhoods within it. From January to June, compared to the same time frame of 2019, communities in the area saw a dip in the number of sold listings, as can be expected considering the impact the pandemic January through June 2019 2020 % Change had on the market. Sold listings through June of this year decreased by 24% compared to the same time Sold Listings (All Properties) 676 514 -24.0% period the previous year. However, Summit County Sold Single Family 192 140 -27.1% did still see a slight increase in average price of 1.4%, Sold Condos/TH/DP 484 374 -22.7% bringing the average price for the county as a whole Average Days on Market 53 68 28.3% to $838,343 for 2020. Overall, many communities Average Price $826,565 $838,343 1.4% within Summit County still experienced encouraging % Sold Price to List Price 98.2% 97.7% -0.5% real estate activity thanks to the demand from Total Dollar Volume Sold $558,757,717 $431,487,217 -22.8% homebuyers looking for their mountain paradise.
SUMMIT COUNTY
All Properties
The average price for homes in Frisco grew by 13.8%. Homes in this town, popular for its proximity to multiple ski resorts and a host of shops and restaurants, had an average price of $769,644 through June of this year, compared to the same time frame in 2019 when the average price was $676,035. Breckenridge also saw an increase in the average price, specifically for condominiums, townhomes, duplexes and triplexes. The average price increased by 8.5% to $842,022 in 2020, from $776,186 in 2019. Whether you’re looking to buy or sell a home in these high-altitude communities, there are plenty of opportunities to achieve your real estate goals in Summit County.
Based on Information from Summit Association of Realtors®. This representation is based in whole or in part on data supplied by Summit Association of Realtors®. Summit Association of Realtors® does not guarantee nor is in any way responsible for its accuracy. Data maintained by Summit Association of Realtors® may not reflect all real estate activity in the market.
MICROMARKET REPORT | Summit County resorts.livsothebysrealty.com
JANUARY - JUNE 2020 • COLORADOMICROREPORTS.COM
BRECKENRIDGE January through June Average Price
2019
% Change
$1,170,108
$1,060,183
-9.4%
$576
$579
0.5%
70
66
-5.7%
$10,100,000
$4,600,000
-54.5%
229
200
-12.7%
97.8%
97.2%
-0.6%
Average Price per Square Foot Average Days on Market Highest Price
2020
Properties Sold % Sold Price to List Price
All Properties
129 Club House Road, Breckenridge
BRECKENRIDGE January through June
2019
Average Price
$1,696,678
$1,408,674
-17.0%
$443
$469
5.9%
89
78
-12.4%
$10,100,000
$4,600,000
-54.5%
98
77
-21.4%
97.1%
96.6%
-0.5%
Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2020
Breckenridge Ski Resort,
% Change
ranked by annual skier visits, is the second most visited ski resort in the United States and offers 34 lifts, 187 trails, and 2,327 acres of Colorado’s finest terrain.
Single Family Homes
10.6%
The highest price for condos, townhomes,
duplexes and triplexes in Breckenridge increased by 10.6% January through June 2020 compared to that of 2019.
BRECKENRIDGE January through June Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2019
2020
% Change
$776,186
$842,022
8.5%
$676
$648
-4.2%
56
59
5.4%
$2,824,961
$3,125,000
10.6%
131
123
-6.1%
98.3%
97.5%
-0.8%
Condominiums, Townhomes, Duplexes and Triplexes
coloradomicroreports.com
FRISCO January through June Average Price
2019
$769,644
13.8%
$508
$543
6.9%
39
31
-20.5%
$1,890,000
$1,315,000
-30.4%
The average price for all properties in Frisco
70
47
-32.9%
increased by 13.8% January through June
99.0%
98.0%
-1.0%
Average Days on Market
Properties Sold % Sold Price to List Price
13.8%
% Change
$676,035
Average Price per Square Foot
Highest Price
2020
2020 compared to that of 2019.
All Properties
FRISCO
Frisco is the Main Street
January through June
to the Rockies, located at
2019
Average Price
the epicenter of Summit
Average Price per Square Foot
County, just 30 minutes
Average Days on Market
from 6 world class ski
Highest Price
resorts including Copper
Properties Sold
Mountain, Breckenridge
% Sold Price to List Price
and Vail.
2020
% Change
$1,156,146
$1,046,750
-9.5%
$437
$542
24.0%
71
35
-50.7%
$1,890,000
$1,308,000
-30.8%
13
4
-69.2%
96.0%
98.0%
2.0%
Single Family Homes
FRISCO January through June Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price Condominiums, Townhomes, Duplexes and Triplexes
2019
2020
% Change
$566,536
$743,866
31.3%
$524
$543
3.6%
32
31
-3.1%
$1,301,428
$1,315,000
1.0%
57
43
-24.6%
99.7%
98.0%
-1.7%
156 S 4th Avenue, Frisco
MICROMARKET REPORT | Summit County resorts.livsothebysrealty.com
JANUARY - JUNE 2020 • COLORADOMICROREPORTS.COM
DILLON/SUMMIT COVE
6.1%
January through June
2019
Average Price
$560,778
6.1%
$409
$409
-0.2%
35
57
62.9%
$2,300,000
$1,375,000
-40.2%
90
42
-53.3%
98.4%
96.9%
-1.5%
Average Days on Market Highest Price
Summit Cove increased by 6.1% January through
Properties Sold
June 2020 compared to that of 2019.
% Sold Price to List Price
% Change
$528,717
Average Price per Square Foot
The average price for all properties in Dillon and
2020
All Properties
DILLON/SUMMIT COVE January through June Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2019
2020
% Change
Dillon is located in the
$881,291
$1,014,167
15.1%
$326
$325
-0.5%
61
64
4.9%
$2,300,000
$1,375,000
-40.2%
or more commonly known
25
9
-64.0%
as Lake Dillon.
97.3%
96.6%
-0.7%
heart of Summit County along the shores of the beautiful Dillon Reservoir,
Single Family Homes
DILLON/SUMMIT COVE January through June Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
263 High Meadow Drive, Dillon
2019
2020
% Change
$393,111
$437,126
11.2%
$441
$431
-2.2%
25
56
124.0%
$815,000
$915,000
12.3%
65
33
-49.2%
98.8%
97.0%
-1.9%
Condominiums, Townhomes, Duplexes and Triplexes
coloradomicroreports.com
SILVERTHORNE/WILDERNEST January through June Average Price
2019
$725,465
10.0%
$397
$436
9.9%
33
73
121.2%
$2,450,000
$2,285,800
-6.7%
147
146
-0.7%
98.5%
98.8%
0.4%
Average Days on Market
Properties Sold % Sold Price to List Price
% Change
$659,254
Average Price per Square Foot
Highest Price
2020
All Properties
1381 Johnson Road, Silverthorne
SILVERTHORNE/WILDERNEST Silverthorne, the second
January through June
most populous town
Average Price
in Summit County, is
Average Price per Square Foot
beautifully situated
Average Days on Market
between the Gore Range
Highest Price
and Continental Divide.
Properties Sold % Sold Price to List Price
2019
2020
% Change
$1,069,881
$1,159,676
8.4%
$364
$414
13.8%
53
69
30.2%
$2,450,000
$2,285,800
-6.7%
42
40
-4.8%
97.5%
98.7%
1.3%
Single Family Homes
SILVERTHORNE/WILDERNEST January through June Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price Condominiums, Townhomes, Duplexes and Triplexes
2019
2020
% Change
13.5%
$495,004
$561,611
13.5%
$410
$445
8.4%
25
75
200.0%
The average price for condos, townhomes,
$1,150,000
$1,030,000
-10.4%
duplexes and triplexes in the neighborhood of
105
106
1.0%
Silverthorne and Wildernest increased by 13.5%
98.9%
98.9%
0.0%
January through June 2020 compared to that of 2019.
MICROMARKET REPORT | Summit County resorts.livsothebysrealty.com
JANUARY - JUNE 2020 • COLORADOMICROREPORTS.COM
KEYSTONE January through June Average Price
2019
% Change
$688,129
$672,096
-2.3%
$503
$495
-1.5%
58
96
65.5%
$3,450,000
$1,500,000
-56.5%
115
58
-49.6%
98.4%
97.4%
-1.0%
Average Price per Square Foot Average Days on Market Highest Price
2020
Properties Sold % Sold Price to List Price
All Properties
65 Tieze Lane, Keystone
KEYSTONE January through June
2019
2020
Average Price
$1,500,621
$1,086,056
-27.6%
$371
$351
-5.3%
147
92
-37.4%
$3,450,000
$1,500,000
-56.5%
12
9
-25.0%
96.2%
95.6%
-0.6%
Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
Keystone Resort ski area
% Change
offers access to three separate mountains, Dercum Mountain, North Peak, and The Outback, and provides visitors with numerous winter and summer outdoor activities.
Single Family Homes
0.4%
The averageprice for condos, townhomes, duplexes and triplexes in Keystone increased by 0.4% in January through June 2020 compared to that of 2019.
KEYSTONE January through June Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2019
2020
% Change
$593,470
$596,062
0.4%
$518
$522
0.7%
47
96
104.3%
$1,310,000
$1,275,000
-2.7%
103
49
-52.4%
98.6%
97.7%
-0.9%
Condominiums, Townhomes, Duplexes and Triplexes
coloradomicroreports.com
COPPER MOUNTAIN January through June
2019
7.1%
% Change
$794,033
$678,399
-14.6%
$541
$579
7.1%
87
87
0.0%
$3,380,000
$3,600,000
6.5%
The average price per square foot for all properties
25
21
-16.0%
in Copper Mountain increased by 7.1% January
97.0%
96.5%
-0.5%
Average Price Average Price per Square Foot Average Days on Market Highest Price
2020
Properties Sold % Sold Price to List Price
through June 2020 compared to that of 2019.
All Properties
COPPER MOUNTAIN January through June
2019
2020
Copper Mountain is
Average Price
$3,215,000
$3,600,000
12.0%
conveniently located just
Average Price per Square Foot
$547
$563
2.9%
75 miles from Denver and
Average Days on Market
385
189
-50.9%
boasts 2,490 acres of ski
Highest Price
$3,380,000
$3,600,000
6.5%
2
1
-50.0%
98.3%
94.9%
-3.5%
terrain.
Properties Sold % Sold Price to List Price
% Change
Single Family Homes
COPPER MOUNTAIN January through June Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price Condominiums, Townhomes, Duplexes and Triplexes
2019
2020
% Change
$583,514
$532,319
-8.8%
$541
$580
7.3%
61
82
34.4%
$1,524,000
$920,000
-39.6%
23
20
-13.0%
96.9%
96.6%
-0.3%
884 Beeler Place, Copper Mountain
MICROMARKET REPORT | Summit County resorts.livsothebysrealty.com
JANUARY - JUNE 2020 • COLORADOMICROREPORTS.COM
The life you love.
resorts.livsothebysrealty.com | coloradomicroreports.com Based on Information from Summit Association of Realtors速. This representation is based in whole or in part on data supplied by Summit Association of Realtors速. Summit Association of Realtors速 does not guarantee nor is in any way responsible for its accuracy. Data maintained by Summit Association of Realtors速 may not reflect all real estate activity in the market.