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LIV

MICRO MARKET REPORTS

SUMMIT COUNTY | January - September 2016

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 JANUARY - SEPTEMBER 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 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.

In the resort mountain communities of Summit County and Breckenridge, the desire for lifestyle-inspired home purchases breeds a continued healthy and balanced real estate market. The Summit County Micro Market Report (MMR), prepared by LIV Sotheby’s International Realty, compares 2016 statistics (January through September), to that of 2015, for single family homes and attached dwellings. The average price in Summit County rose to $585,808 in 2016, a 4.4% increase over 2015. Total dollar sales volume also rose, 3.9% to $779,124,626 in 2016. Across the board, days on market are dropping (now 141 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 0.1% from 2015. The number of sold listings remained about the same, 984 in 2016, compared to 985 in 2015, which is evidence of a continued competitive conditions in Summit County’s highly desirable marketplace.

SUMMIT COUNTY

Quarter 3 (YTD) Highlights:

• Copper Mountains’s average price is $374,478 – up 4.8% • Dillon/Summit Cove’s average price is $389,519 – up 1.8% • Frisco’s average price is $586,584 – up 3.4% • Breckenridge/Blue River’s average price is $780,501 – up 5.5%

1,330

homes sold for an average of

$585,808

or, $779,124,626 total dollar volume sold.

All Properties

January through September

2015

2016

% Change

Sold Listings (All Properties)

1,337

1,330

-0.5%

Sold Single Family

352

346

-1.7%

Sold Condos/Townhomes/Duplexes

985

984

-0.1%

Average Days on Market

175

141

-19.4%

$560,893

$585,808

4.4%

97.0%

97.1%

0.1%

$749,528,314

$779,124,626

3.9%

Average Price % Sold Price to List Price Total Dollar Volume Sold

MICROMARKET REPORT | SUMMIT COUNTY JANUARY - SEPTEMBER 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

161 Sunrise Point Drive, Breckenridge

BRECKENRIDGE/BLUE RIVER January through September

2015

2016

% Change

$739,880

$780,501

5.5%

$419

$431

2.8%

192

119

-38.0%

$3,825,000

$5,675,000

48.4%

503

480

-4.6%

96.0%

96.9%

0.9%

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 September

2016

% Change

$1,078,576

$1,112,111

3.1%

$341

$346

1.6%

215

145

-32.6%

$3,825,000

$5,675,000

48.4%

182

194

6.6%

95.0%

96.5%

1.5%

Average Price per Square Foot Average Days on Market

Properties Sold % Sold Price to List Price

BRECKENRIDGE/BLUE RIVER January through September

Condos, Townhomes, Duplexes 2015

2016

% Change

$548,637

$555,562

1.3%

$463

$488

5.4%

179

101

-43.6%

$2,665,000

$2,260,500

-15.2%

321

286

-10.9%

97.0%

97.2%

0.2%

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 JANUARY - SEPTEMBER 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 September

2015

2016

% Change

$567,152

$586,584

3.4%

$349

$389

11.4%

132

145

9.8%

$1,850,000

$1,165,000

-37.0%

151

145

-4.0%

98.0%

98.2%

0.2%

2015

2016

% Change

$876,052

$786,845

-10%

$362

$355

-2%

109

32

-71%

$1,850,000

$1,165,000

-37%

34

21

-38%

97%

97%

0%

2015

2016

% Change

$467,972

$552,669

18.1%

$342

$394

15.3%

139

56

-59.7%

$1,000,000

$1,090,000

9.0%

117

124

6.0%

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

MICROMARKET REPORT | SUMMIT COUNTY JANUARY - SEPTEMBER 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 September 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

$377,099

$389,519

3.3%

$259

$291

12.3%

123

41

-66.7%

$905,000

$1,650,000

82.3%

142

152

7.0%

97.0%

97.9%

0.9%

2015

2016

% Change

$632,519

$687,752

8.7%

$232

$261

12.4%

171

75

-56.1%

$905,000

$1,650,000

82.3%

36

39

8.3%

97.0%

97.5%

0.5%

Single Family Homes

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

2015

2016

% Change

$290,352

$286,589

-1.3%

$268

$301

12.4%

107

29

-72.9%

$805,000

$995,000

23.6%

106

113

6.6%

97.0%

98.0%

1.1%

MICROMARKET REPORT | SUMMIT COUNTY JANUARY - SEPTEMBER 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

1736 Red Hawk Road, Silverthorne

SILVERTHORNE/WILDERNEST January through September

2015

2016

% Change

$459,891

$520,273

13.1%

$267

$299

12.1%

134

45

-66.4%

$1,800,000

$2,750,000

52.8%

268

274

2.2%

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 September

Single Family Homes 2015

2016

% Change

$708,162

$877,775

24.0%

$277

$306

10.6%

220

71

-67.7%

$1,800,000

$2,750,000

52.8%

77

74

-3.9%

96.0%

97.7%

1.8%

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 September 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

$359,803

$387,998

7.8%

$263

$297

12.8%

99

35

-64.6%

$813,000

$866,000

6.5%

191

200

4.7%

98.0%

98.2%

0.2%

MICROMARKET REPORT | SUMMIT COUNTY JANUARY - SEPTEMBER 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

75 Stoney Trail, Keystone

KEYSTONE

All Properties

January through September

2015

2016

% Change

$441,046

$440,432

-0.1%

$326

$352

8.0%

190

76

-60.0%

$3,050,000

$2,100,000

-31.1%

215

206

-4.2%

96.0%

97.1%

1.1%

2015

2016

% Change

$1,065,348

$1,276,176

19.8%

$298

$298

0.0%

290

141

-51.4%

$3,050,000

$2,100,000

-31.1%

23

17

-26.1%

93.0%

95.6%

2.8%

2015

2016

% Change

$366,260

$365,260

-0.3%

$330

$357

8.2%

178

70

-60.7%

$1,778,800

$1,065,000

-40.1%

192

189

-1.6%

97.0%

97.2%

0.2%

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

MICROMARKET REPORT | SUMMIT COUNTY JANUARY - SEPTEMBER 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 September

2015

2016

% Change

$357,396

$374,478

4.8%

$366

$413

12.8%

397

203

-48.9%

$587,000

$1,195,000

103.6%

59

72

22.0%

94.0%

96.4%

2.5%

2015

2016

% Change

Average Price

-

-

-

Average Price per Square Foot

-

-

-

Average Days on Market

-

-

-

Highest Price

-

-

-

No Sales

No Sales

-

-

-

-

2015

2016

% Change

$357,396

$374,478

4.8%

$366

$413

12.8%

397

203

-48.9%

$587,000

$1,195,000

103.6%

59

72

22.0%

94.0%

96.4%

2.5%

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 September

Properties Sold % Sold Price to List Price

COPPER MOUNTAIN

Condos, Townhomes, Duplexes

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

MICROMARKET REPORT | SUMMIT COUNTY JANUARY - SEPTEMBER 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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