Summit County Year End, 2016 Micro Market Report

LIV

MICRO MARKET REPORTS

SUMMIT COUNTY | 2016

264 Juniata Circle, Breckenridge

C O LO R A D O M I C R O R E P O RTS .C O M

SUMMIT COUNTY NEIGHBORHOODS

3

5

6

2

1 4

1. Copper Mountain

4. Breckenridge

2. Frisco

5. Dillon

3. Silverthorne

6. Keystone

MICROMARKET REPORT | SUMMIT COUNTY 2016 | 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.

SUMMIT COUNTY Known locally as ‘Colorado’s Playground,’ the proximity to the famous Colorado Rocky Mountains, (less than two hours from Denver), continues to position Summit County as one of the leading resort community destinations worldwide.

The desire for lifestyle-inspired home purchases breeds a continued healthy and balanced real estate market in the resort mountain communities of Summit County and Breckenridge, which is only projected to grow.

The Summit County Micro Market Report (MMR), prepared by LIV Sotheby’s International Realty, compares 2016 statistics (January through December), to that of 2015, for single family homes and attached dwellings. The average price in Summit County rose to $585,171 in 2016, a 5.9% increase over 2015. Total dollar sales volume also rose, 1.2% to $1,116,506,649 in 2016.

Across the board, days on market are dropping (now 86 days – a below average timeframe for the resort markets), and the sales price to list price ratio is holding at 97.1% throughout Summit County, up 1.3% from 2015. The number of sold listings decreased slightly to 1,908 in 2016, compared to 1,994 in 2015, which is evidence of continued competitive conditions in Summit County’s highly desirable marketplace.

SUMMIT COUNTY

2016 Highlights:

• Copper Mountains’s average price is $381,719 – up 7.5% • Silverthorne/Wildernest’s average price is $528,882 – up 11.7% • Frisco’s average price is $602,402 – up 3.8% • Breckenridge/Blue River’s average price is $799,139 – up 8.3%

1,908

homes sold for an average of

$585,171

or, $1,116,506,649 total dollar volume sold.

All Properties

January through December

2015

2016

% Change

Sold Listings (All Properties)

1,994

1,908

-4.3%

510

507

-0.6%

1,484

1,401

-5.6%

122

86

-29.5%

$552,571

$585,171

5.9%

95.9%

97.1%

1.3%

$1,103,484,274

$1,116,506,649

1.2%

Sold Single Family Sold Condos/Townhomes/Duplexes Average Days on Market Average Price % Sold Price to List Price Total Dollar Volume Sold

MICROMARKET REPORT | SUMMIT COUNTY 2016 | 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.

SUMMIT COUNTY MARKET | MARKETS BY AREA

805 Highfield Trail, Breckenridge

BRECKENRIDGE/BLUE RIVER January through December

2015

2016

% Change

$738,168

$799,139

8.3%

$421

$435

3.3%

194

112

-42.3%

$3,900,000

$5,675,000

45.5%

726

676

-6.9%

96.0%

97.0%

1.0%

Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price

BRECKENRIDGE/BLUE RIVER January through December

2016

% Change

$1,079,636

$1,123,027

4.0%

$344

$348

1.1%

209

128

-38.8%

$3,900,000

$5,675,000

45.5%

259

284

9.7%

96.0%

96.4%

0.4%

Average Price per Square Foot Average Days on Market

Properties Sold % Sold Price to List Price

BRECKENRIDGE/BLUE RIVER January through December

Condos, Townhomes, Duplexes 2015

2016

% Change

$549,115

$564,486

2.8%

$464

$498

7.3%

185

100

-45.9%

$2,665,000

$2,350,000

-11.8%

467

392

-16.1%

97.0%

97.4%

0.4%

Average Price Average Price per Square Foot Average Days on Market Highest Price

Single Family Homes 2015

Average Price

Highest Price

All Properties

Properties Sold % Sold Price to List Price

MICROMARKET REPORT | SUMMIT COUNTY 2016 | 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.

SUMMIT COUNTY MARKET | MARKETS BY AREA

270 Giberson Road, Frisco

FRISCO

All Properties January through December

2015

2016

% Change

$580,159

$602,403

3.8%

$356

$393

10.3%

138

47

-65.9%

$2,700,000

$1,700,000

-37.0%

221

191

-13.6%

98.0%

98.1%

0.1%

2015

2016

% Change

$935,867

$859,520

-8.2%

$362

$366

1.0%

130

35

-73.1%

$2,700,000

$1,700,000

-37.0%

49

33

-32.7%

96.0%

97.2%

1.3%

2015

2016

% Change

$477,024

$548,701

15.0%

$354

$398

12.5%

140

158

12.9%

$1,000,000

$1,090,000

9.0%

172

158

-8.1%

98.0%

98.3%

0.3%

Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price

FRISCO

Single Family Homes January through December Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price

FRISCO

Condos, Townhomes, Duplexes January through December Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price

MICROMARKET REPORT | SUMMIT COUNTY 2016 | 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.

SUMMIT COUNTY MARKET | MARKETS BY AREA

Lake Dillon

DILLON/SUMMIT COVE

All Properties

January through December Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price

DILLON/SUMMIT COVE

2016

% Change

$388,283

$382,507

-1.5%

$259

$291

12.5%

119

37

-68.9%

$1,138,500

$1,650,000

44.9%

209

212

1.4%

97.0%

98.0%

1.1%

2015

2016

% Change

$648,693

$680,414

4.9%

$234

$260

11.2%

165

71

-57.0%

$1,138,500

$1,650,000

44.9%

59

53

-10.2%

97.0%

97.6%

0.6%

Single Family Homes

January through December Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price

DILLON/SUMMIT COVE

2015

Condos, Townhomes, Duplexes

January through December Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price

2015

2016

% Change

$287,590

$283,204

-1.5%

$268

$302

12.6%

101

25

-75.2%

$805,000

$995,000

23.6%

150

159

6.0%

97.0%

98.2%

1.2%

MICROMARKET REPORT | SUMMIT COUNTY 2016 | 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.

SUMMIT COUNTY MARKET | MARKETS BY AREA

1350 Heeney Road CR 30, Silverthorne

SILVERTHORNE/WILDERNEST January through December

2015

2016

% Change

$473,338

$528,882

11.7%

$268

$302

12.7%

131

50

-61.8%

$1,800,000

$2,750,000

52.8%

370

392

5.9%

97.0%

98.1%

1.1%

Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price

SILVERTHORNE/WILDERNEST January through December

Single Family Homes 2015

2016

% Change

$738,951

$866,492

17.3%

$275

$308

12.1%

207

79

-61.8%

$1,800,000

$2,750,000

52.8%

106

109

2.8%

96.0%

97.6%

1.6%

Average Price Average Price per Square Foot Average Days on Market Highest Price

All Properties

Properties Sold % Sold Price to List Price

SILVERTHORNE/WILDERNEST January through December Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price

Condos, Townhomes, Duplexes 2015

2016

% Change

$366,285

$398,848

8.9%

$266

$300

12.7%

100

38

-62.0%

$813,000

$866,000

6.5%

263

283

7.6%

98.0%

98.3%

0.3%

MICROMARKET REPORT | SUMMIT COUNTY 2016 | 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.

SUMMIT COUNTY MARKET | MARKETS BY AREA

76 East Trade Court, Keystone

KEYSTONE

All Properties

January through December

2015

2016

% Change

$437,287

$456,980

4.5%

$337

$368

9.1%

185

69

-62.7%

$3,050,000

$2,450,000

-19.7%

304

291

-4.3%

96.0%

97.3%

1.3%

2015

2016

% Change

$1,085,707

$1,222,546

12.6%

$295

$309

4.9%

263

144

-45.2%

$3,050,000

$2,450,000

-19.7%

29

27

-6.9%

93.0%

95.3%

2.4%

2015

2016

% Change

$368,659

$378,684

2.7%

$341

$374

9.5%

178

61

-65.7%

$1,778,800

$1,065,000

-40.1%

275

264

-4.0%

97.0%

97.5%

0.5%

Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price

KEYSTONE

Single Family Homes

January through December Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price

KEYSTONE

Condos, Townhomes, Duplexes

January through December Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price

MICROMARKET REPORT | SUMMIT COUNTY 2016 | 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.

SUMMIT COUNTY MARKET | MARKETS BY AREA

Copper Mountain

COPPER MOUNTAIN

All Properties

January through December

2015

2016

% Change

$355,182

$381,719

7.5%

$381

$419

9.9%

333

184

-44.7%

$868,150

$1,420,000

63.6%

95

95

0.0%

95.0%

96.3%

1.3%

2015

2016

% Change

Average Price

-

-

-

Average Price per Square Foot

-

-

-

Average Days on Market

-

-

-

Highest Price

-

-

-

No Sales

No Sales

-

-

-

-

2015

2016

% Change

$355,182

$381,719

7.5%

$381

$419

9.9%

333

184

-44.7%

$868,150

$1,420,000

63.6%

95

95

0.0%

95.0%

96.3%

1.3%

Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price

COPPER MOUNTAIN

Single Family Homes

January through December

Properties Sold % Sold Price to List Price

COPPER MOUNTAIN

Condos, Townhomes, Duplexes

January through December Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price

MICROMARKET REPORT | SUMMIT COUNTY 2016 | 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.

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