MICROMARKET REPORT |
Summit County • Mid-Year 2019
SUMMIT COUNTY 4
5
1. Breckenridge 6
2.
Copper Mountain
3. Frisco
3
4. Silverthorne 5. Dillon 6. Keystone 2 1
coloradomicroreports.com
SUMMIT COUNTY market update Located less than a two-hour drive from Denver, yet alive with the sought-after mountain lifestyle, is Summit County. Breckenridge, Copper Mountain, Keystone, Frisco, Dillon, and Silverthorne make up this desired area that people find as a great place to call home. Unparalleled quality of life with ample yearround activities, a community feel, and breathtaking mountain vistas at every turn, are what attracts buyers from around the world to live in this picturesque western side of the Continental Divide. LIV Sotheby’s International Realty produces a Micro Market Report focused on real estate for Summit County and the neighborhoods within it. As a whole,
SUMMIT COUNTY
Summit County saw an increase in average price by an impressive 11.9% for January through June 2019 compared to January through June 2018. This increase raised the average price for this year to $825,974 from $738,089 in 2018. Highlights from Summit County include notable increases in the number of properties sold as well as in the average price. For condos, townhomes, and duplexes within Dillon/Summit Cove, there was a significant 62.5% increase in the number of properties sold, landing at 65 properties sold in 2019 compared to 40 in 2018. Interestingly, all of Dillon/Summit Cove saw a similar increase of
January through June
2018
2019
% Change
Sold Listings (All Properties)
748
675
-9.8%
Sold Single Family
232
191
-17.7%
Sold Condos/TH/DP
516
484
-6.2%
54
53
-1.9%
$738,089
$825,974
11.9%
98.5%
98.2%
-0.3%
$552,090,920
$557,532,717
1.0%
Average Days on Market Average Price % Sold Price to List Price Total Dollar Volume Sold
All Properties
50% in properties sold, with 90 selling in 2019 compared to 60 in 2018. Average price raised significantly for all properties within Copper Mountain, with a 57.1% increase reported, rising to $794,033 in 2019 from $505,361 in 2018. As many will agree, Summit County is a desired location for those who are looking for the desired Colorado mountains lifestyle, without being too far from the city life of Denver. Summit County is a great location for second-home buyers due to this close proximity, as well as a main home for those wanting a peaceful life with adventurous benefits right outside their front door.
resorts.livsothebysrealty.com
Based on Information from SAR MLS. This representation is based in whole or in part on data supplied by SAR MLS. SAR MLS does not guarantee nor is in any way responsible for its accuracy. Data maintained by SAR MLS may not reflect all real estate activity in the market.
MICROMARKET REPORT | Summit County 2019 • COLORADOMICROREPORTS.COM
BRECKENRIDGE/BLUE RIVER January through June Average Price
2018 $892,967
$1,170,108
31.0%
$525
$576
9.7%
68
70
2.9%
$3,999,000
$10,100,000
152.6%
282
229
-18.8%
97.8%
97.8%
0.0%
Average Price per Square Foot Average Days on Market Highest Price
% Change
2019
Properties Sold % Sold Price to List Price All Properties
773 Indiana Creek Road, Breckenridge
BRECKENRIDGE January through June Average Price
2018 $1,266,900
$1,696,678
33.9%
$413
$443
7.1%
104
89
-14.4%
$3,999,000
$10,100,000
152.6%
108
98
-9.3%
97.0%
97.1%
0.0%
Average Price per Square Foot Average Days on Market Highest Price
% Change
2019
Properties Sold % Sold Price to List Price
152.6%
The highest price for single family homes in Breckenridge increased by 152.6% January through June 2019 compared to that of 2018.
Single Family Homes
BRECKENRIDGE January through June Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2018
% Change
2019
$660,871
$776,186
17.4%
$595
$676
13.7%
45
56
24.4%
$2,400,000
$2,824,961
17.7%
174
131
-24.7%
98.2%
98.3%
0.1%
Condos, Townhomes, Duplexes 238 Timber Trail, Breckenridge
coloradomicroreports.com
FRISCO January through June Average Price
2018 $750,889
$668,079
-11.0%
$482
$509
5.6%
35
39
11.4%
$2,300,000
$1,890,000
-17.8%
54
69
27.8%
98.3%
99.1%
0.7%
Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
% Change
2019
All Properties 307 Teller Street, Frisco
FRISCO
31.6%
January through June
2018
2019
Average Price
$1,160,400
$1,150,408
-0.9%
$450
$438
-2.6%
54
70
29.6%
$2,300,000
$1,890,000
-17.8%
15
12
-20.0%
96.9%
96.2%
-0.7%
Average Price per Square Foot Average Days on Market
The highest price for condos, townhomes, and duplexes in Frisco increased by 31.6% January through June 2019 compared to that of 2018.
Highest Price Properties Sold % Sold Price to List Price
% Change
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
2018
% Change
2019
$593,385
$566,536
-4.5%
$494
$524
6.0%
27
32
18.5%
$989,000
$1,301,428
31.6%
39
57
46.2%
98.9%
99.7%
0.8%
Condos, Townhomes, Duplexes 37 Hawn Drive, Frisco
MICROMARKET REPORT | Summit County resorts.livsothebysrealty.com
2019 • COLORADOMICROREPORTS.COM
DILLON/SUMMIT COVE January through June Average Price
2018 $540,429
$528,717
-2.2%
$362
$409
13.0%
21
35
66.7%
$1,249,185
$2,300,000
84.1%
60
90
50.0%
99.2%
98.4%
-0.8%
Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
% Change
2019
84.1%
The highest price for all properties in Dillon/Summit Cove increased by 84.1% January through June 2019 compared to that of 2018.
All Properties
DILLON/SUMMIT COVE January through June Average Price
2018 $856,949
$881,291
2.8%
$302
$326
8.1%
42
61
45.2%
$1,249,185
$2,300,000
84.1%
20
25
25.0%
99.2%
97.3%
-2.0%
Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
% Change
2019
Dillon is located in the heart of Summit County along the shores of the beautiful Dillon Reservoir, or more commonly known as Lake Dillon.
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
2018
% Change
2019
$382,169
$393,111
2.9%
$392
$441
2.9%
10
25
150.0%
$984,000
$815,000
-17.2%
40
65
62.5%
99.2%
98.8%
-0.4%
Condos, Townhomes, Duplexes 470 Lakeview Circle, Silverthorne
coloradomicroreports.com
SILVERTHORNE/WILDERNEST January through June
2018
Average Price
$680,862
$659,254
-3.2%
$375
$397
5.9%
53
33
-37.7%
$2,450,000
$2,450,000
0.0%
170
147
-13.5%
99.1%
98.5%
-0.6%
Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
% Change
2019
All Properties 630 CR 2407, Silverthorne
SILVERTHORNE/WILDERNEST
11.0%
January through June 2019 the average price for single family homes in Silverthorne/Wildernest increased by 11% compared to that of 2018.
January through June
2018
Average Price
$963,551
$1,069,881
11.0%
$368
$364
-1.2%
75
53
-29.3%
$2,450,000
$2,450,000
0.0%
72
42
-41.7%
98.4%
97.5%
-0.9%
Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
% Change
2019
Single Family Homes
SILVERTHORNE/WILDERNEST January through June
2018
Average Price Average Price per Square Foot
Silverthorne, the second most populous town in Summit County, is beautifully situated between the Gore Range and Continental Divide.
Average Days on Market Highest Price Properties Sold % Sold Price to List Price
% Change
2019
$473,172
$495,004
4.6%
$380
$410
8.0%
36
25
-30.6%
$815,000
$1,150,000
41.1%
98
105
7.1%
99.7%
98.9%
-0.8%
Condos, Townhomes, Duplexes
MICROMARKET REPORT | Summit County resorts.livsothebysrealty.com
2019 • COLORADOMICROREPORTS.COM
KEYSTONE January through June Average Price
2018 $636,758
$688,129
8.1%
$493
$503
1.9%
54
58
7.4%
$2,536,840
$3,450,000
36.0%
149
115
-22.8%
98.8%
98.4%
-0.4%
Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
% Change
2019
All Properties 280 Trailhead Drive #3010, Keystone
KEYSTONE January through June
2018
2019
Average Price
$1,316,284
$1,500,621
14.0%
$372
$371
-0.2%
140
147
5.0%
$2,536,840
$3,450,000
36.0%
16
12
-25.0%
97.1%
96.2%
-0.9%
Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
% Change
Keystone Resort ski area oers 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
KEYSTONE January through June Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2018
% Change
2019
$555,010
$593,470
6.9%
$508
$518
2.0%
43
47
9.3%
$1,300,000
$1,310,000
0.8%
133
103
-22.6%
99.0%
98.6%
-0.4%
Condos, Townhomes, Duplexes 57 Erikson Loop, Keystone
coloradomicroreports.com
57.1%
The average price in Copper Mountain increased by 57.1% in January through June 2019 compared to that of 2018.
COPPER MOUNTAIN January through June
2018
Average Price
$505,361
$794,033
57.1%
$540
$541
0.1%
45
87
93.3%
$2,578,500
$3,380,000
31.1%
33
25
-24.2%
98.2%
97.0%
-1.3%
Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
% Change
2019
All Properties
COPPER MOUNTAIN January through June
2018
Average Price
$2,578,500
$3,215,000
24.7%
$624
$547
-12.3%
193
385
99.5%
$2,578,500
$3,380,000
31.1%
1
2
100.0%
129.3%
98.3%
-24.0%
Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price Single Family Homes
% Change
2019
*Zero properties sold in January through March of 2018, making the one sale of a single family home January through March of 2019 a notable sale.
882 Beeler Place, Copper Mountain
COPPER MOUNTAIN January through June
2018
Average Price
Copper Mountain is conveniently located just 75 miles from Denver and boasts 2,490 acres of ski terrain.
Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
% Change
2019
$440,575
$583,514
32.4%
$538
$541
0.5%
41
61
48.8%
$1,000,000
$1,524,000
52.4%
32
23
-28.1%
97.3%
96.9%
-0.4%
Condos, Townhomes, Duplexes
MICROMARKET REPORT | Summit County resorts.livsothebysrealty.com
2019 • COLORADOMICROREPORTS.COM
WHY COLORADO?
NATIONAL PARKS: 4
MOUNTAIN RANGES: 7
AVERAGE DAYS OF SUNSHINE ANNUALLY: 300
SKI AREAS & RESORTS: 28
CRAFT BREWERIES: 350+
LIV SOTHEBY’S INTERNATIONAL REALTY
RESORT REPORT
Interested in learning about other resort markets? Visit coloradomarketreports.com
The life you love.
resorts.livsothebysrealty.com | coloradomicroreports.com Based on Information from SAR MLS. This representation is based in whole or in part on data supplied by SAR MLS. SAR MLS does not guarantee nor is in any way responsible for its accuracy. Data maintained by SAR MLS may not reflect all real estate activity in the market.