Page 1

NEIGHBORHOOD MICROMARKET REPORT |

January through June

2016

2017

% Change

Average Price Summit County • Mid-Year 2017 Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price Boundaries:

NEIGHBORHOOD January through June

2016

2017

% Change

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

NEIGHBORHOOD January through June

2016

2017

% Change

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

MICROMARKET REPORT | Denver Metro 303.893.3200

page 1

QUARTER 1 2017 • COLORADOMICROREPORTS.COM


SUMMIT COUNTY NEIGHBORHOODS 3

5

1. 6

Copper Mountain

2. Frisco 3. Silverthorne

2

4. Breckenridge 5. Dillon 6. Keystone 1 4

Pictured on cover: 97 Marys Ridge Lane, Breckenridge

coloradomicroreports.com


SUMMIT COUNTY Market Introduction

SUMMIT COUNTY January through June

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, with several communities achieving stand-out leaps in sales. Less than a two-hour’s drive from Denver, Summit County is known as one of the leading resort community destinations worldwide based on its easy access to the famous Colorado Rocky Mountains, and unparalleled lifestyle opportunities. Known locally as ‘Colorado’s Playground,’ real estate values will continue to rise. The number of sold listings increased substantially, from 719 listings sold in 2016, to 813 listings sold mid-year (January through June), 2017. This is evidence of continued competitive conditions in Summit County’s highly desirable marketplace. The average sales price in Summit County rose to $711,507, in January through June, 2017, a 19.7% increase over 2016. Across the board, days on market are dropping (now 71 days – a good timeframe for the resort markets), and the sales price to list price ratio is holding at 97.8% throughout Summit County, less than a one percent change from 2016. Highlights from the Summit County area include the average price of Frisco’s single family homes rising to $1,198,600, up 56.8% from 2016 and Keystone’s average price of all properties rising to $565,141, up 33.4% from 2016. Breckenridge/Blue River’s average price of single family homes rose to $1,359,626, up 17.7%, from 2016.

livsothebysrealty.com

2016

2017

% Change

Sold Listings (All Properties)

719

813

13.1%

Sold Single Family

193

228

18.1%

Sold Condos/TH/DP

526

585

11.2%

Average Days on Market

104

71

-31.7%

$594,502

$711,507

19.7%

97.0%

97.8%

0.8%

$427,071,292

$577,743,833

35.3%

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

All Properties

January through June 2017,

813

homes sold for an average of

$711,507

or, $577,743,833 total dollar volume sold.

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 MID-YEAR 2017 • COLORADOMICROREPORTS.COM


BRECKENRIDGE/BLUE RIVER January through June Average Price

2016

$952,729

21.0%

$430

$502

16.9%

150

89

-40.7%

$5,675,000

$4,200,000

-26.0%

274

314

14.6%

96.6%

97.5%

1.0%

Average Days on Market

Properties Sold % Sold Price to List Price

% Change

$787,230

Average Price per Square Foot

Highest Price

2017

All Properties 74 Uncle Sam Lode Road, Breckenridge

BRECKENRIDGE/BLUE RIVER January through June

2016

2017

Average Price

$1,155,411

$1,359,626

17.7%

$346

$406

17.1%

198

127

-35.9%

$5,675,000

$4,200,000

-26.0%

111

127

14.4%

96.0%

96.9%

1.0%

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

% Change

17.7%

January through June 2017, the average price of single family homes in Breckenridge/Blue River increased by 17.7% compared to that of 2016.

Single Family Homes

BRECKENRIDGE/BLUE RIVER January through June Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price

2016

2017

% Change

$536,505

$628,729

17.2%

$487

$579

18.9%

118

60

-49.2%

$2,195,000

$2,803,600

27.7%

163

175

7.4%

97.0%

98.1%

1.1%

Nestled between Breckenridge and Hoosier Pass, Blue River is a residential community with hiking/biking trails and exclusive use of the Goose Tarn Pasture.

Condos, Townhomes, Duplexes

coloradomicroreports.com


FRISCO January through June

Frisco Bay Marina sits on the eastern end of Frisco’s charming Main Street and brings lake life to this quintessential mountain town with boat and paddle sport rentals, a sandy beach and waterside dining.

2016

Average Price

$636,084

12.1%

$388

$425

9.3%

58

42

-27.6%

$1,090,000

$2,492,500

128.7%

76

69

-9.2%

98.3%

98.1%

-0.2%

Average Days on Market

Properties Sold % Sold Price to List Price

% Change

$567,608

Average Price per Square Foot

Highest Price

2017

All Properties

FRISCO January through June

2016

Average Price

$1,198,600

56.8%

$343

$425

23.8%

48

77

60.4%

$980,000

$2,492,500

154.3%

9

10

11.1%

98.0%

97.4%

-0.6%

Average Days on Market

Properties Sold % Sold Price to List Price

% Change

$764,194

Average Price per Square Foot

Highest Price

2017

Single Family Homes 450 Hammerstone Lane Unit 5, Frisco

7.6%

The average price per square foot for condos, townhomes, and duplexes in Frisco increased by 9.9% January through June 2017 compared to that of 2016.

FRISCO January through June

2016

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

2017

% Change

$541,201

$540,742

-0.1%

$394

$425

7.6%

60

36

-40.0%

$1,090,000

$920,000

-15.6%

67

59

-11.9%

98.4%

98.3%

-0.1%

Condos, Townhomes, Duplexes

MICROMARKET REPORT | Summit County livsothebysrealty.com

MID-YEAR 2017 • COLORADOMICROREPORTS.COM


DILLON/SUMMIT COVE January through June Average Price

2016

$417,184

1.6%

$287

$319

11.1%

54

16

-70.4%

$1,650,000

$1,600,000

-3.0%

87

82

-5.7%

97.8%

98.4%

0.7%

Average Days on Market

Properties Sold % Sold Price to List Price

% Change

$410,471

Average Price per Square Foot

Highest Price

2017

With 26 miles of shoreline surrounded by a breathtaking mountainous backdrop, the Lake Dillon reservoir is perfect for boating, sailing, walking and picnicking.

All Properties

DILLON/SUMMIT COVE January through June Average Price

2016

$737,755

5.1%

$265

$293

10.5%

106

22

-79.2%

$1,650,000

$1,600,000

-3.0%

23

24

4.3%

97.6%

97.5%

-0.1%

Average Days on Market

Properties Sold % Sold Price to List Price

% Change

$702,079

Average Price per Square Foot

Highest Price

2017

Single Family Homes Lake Dillon, CO

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 Condos, Townhomes, Duplexes

2016

2017

% Change

$305,675

$284,534

-6.9%

$295

$330

11.7%

35

14

-60.0%

$850,000

$645,113

-24.1%

64

58

-9.4%

97.8%

98.8%

1.0%

11.7%

The average price per square foot for condos, townhomes, and duplexes in Dillon/Summit Cove increased by 11.7% January through June 2017 compared to that of 2016.

coloradomicroreports.com


SILVERTHORNE/WILDERNEST January through June

2016

Average Price

$599,607

10.7%

$294

$334

13.5%

53

67

26.4%

$2,750,000

$3,000,000

9.1%

132

141

6.8%

98.0%

98.0%

0.0%

Average Days on Market

Properties Sold % Sold Price to List Price

% Change

$541,406

Average Price per Square Foot

Highest Price

2017

All Properties 125 Two Cabins Drive, Silverthorne

11.9%

January through June 2017, the average price of single family homes in Silverthorne/ Wildernest increased by 11.9% compared to that of 2016.

SILVERTHORNE/WILDERNEST January through June

2016

Average Price

$1,017,339

11.9%

$306

$315

3.0%

84

151

79.8%

$2,750,000

$3,000,000

9.1%

41

40

-2.4%

97.8%

95.9%

-2.0%

Average Days on Market

Properties Sold % Sold Price to List Price

% Change

$909,532

Average Price per Square Foot

Highest Price

2017

Single Family Homes

SILVERTHORNE/WILDERNEST January through June

2016

Average Price Average Price per Square Foot

Silverthorne boasts an unparalleled location for outdoor enthusiasts, with countless hiking trails and summer activities.

Average Days on Market Highest Price Properties Sold % Sold Price to List Price

2017

% Change

$375,547

$434,169

15.6%

$289

$342

18.2%

40

34

-15.0%

$749,000

$865,000

15.5%

91

101

11.0%

98.0%

98.8%

0.8%

Condos, Townhomes, Duplexes

MICROMARKET REPORT | Summit County livsothebysrealty.com

MID-YEAR 2017 •COLORADOMICROREPORTS.COM


KEYSTONE January through June Average Price

2016

$565,141

33.4%

$347

$430

23.7%

81

56

-30.9%

$2,000,000

$2,312,500

15.6%

111

147

32.4%

97.1%

98.1%

1.0%

Average Days on Market

Properties Sold % Sold Price to List Price

% Change

$423,764

Average Price per Square Foot

Highest Price

2017

All Properties 68 Wolf Rock Road, Keystone

KEYSTONE January through June Average Price

2016

$1,406,955

1.2%

$283

$344

21.6%

130

254

95.4%

$2,000,000

$2,312,500

15.6%

8

11

37.5%

96.1%

95.0%

-1.2%

Average Days on Market

Properties Sold % Sold Price to List Price

% Change

$1,390,288

Average Price per Square Foot

Highest Price

2017

Keystone Resort is located just 90 miles from Denver International Airport (DIA), making it one of the closest all-inclusive ski resorts to the largest airport in Colorado.

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

2016

2017

% Change

$352,454

$497,054

41.0%

$352

$436

23.9%

77

40

-48.1%

$900,000

$1,260,000

40.0%

103

136

32.0%

97.2%

98.3%

1.2%

41.0%

The average price per square foot for condos, townhomes, and duplexes in Keystone increased by 41.90% January through June 2017 compared to that of 2016.

Condos, Townhomes, Duplexes

coloradomicroreports.com


49.2%

January through June 2017, the average price in Copper Mountain increased by 49.2% compared to that of 2016.

COPPER MOUNTAIN January through June

2016

Average Price

$566,237

49.2%

$394

$463

17.5%

226

135

-40.3%

$1,196,000

$2,800,000

134.1%

38

59

55.3%

96.3%

96.8%

0.6%

Average Days on Market

Properties Sold % Sold Price to List Price

% Change

$379,408

Average Price per Square Foot

Highest Price

2017

All Properties

COPPER MOUNTAIN January through June

2016

2017

% Change

Average Price

-

$2,231,250

-

Average Price per Square Foot

-

$576

-

Average Days on Market

-

417

-

Highest Price

-

$2,800,000

-

No Sales

4

-

-

94%

-

Properties Sold % Sold Price to List Price Single Family Homes Copper Mountain, CO

COPPER MOUNTAIN January through June

Copper Mountain is an excellent family destination and offers a wide array of activities besides skiing and snowboarding including zip-lines, tubing, ice skating, and more.

2016

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

2017

% Change

$379,408

$445,145

17.3%

$394

$455

15.4%

226

115

-49.1%

$1,196,000

$1,925,000

61.0%

38

55

44.7%

96.3%

97.0%

0.7%

Condos, Townhomes, Duplexes

MICROMARKET REPORT | Summit County livsothebysrealty.com

MID-YEAR 2017 • COLORADOMICROREPORTS.COM


LIV SOTHEBY’S INTERNATIONAL REALTY

RESORT REPORT

Interested in learning about other resort markets? Visit resort.livsothebysrealty.com


WE ARE.

THE VOICE OF COLORADO REAL ESTATE

475 Preston Way, Breckenridge

14

1

Exceptional Brand


The life you love.

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.

Profile for Krystal Knott - ResideInSummit.com

Summit County Real Estate - Mid Year Market Report 2017  

Summit County Real Estate - Mid Year Market Report 2017  

Advertisement