THE SLIFER REPORT Q1 2022 SUMMIT COUNTY | Quarterly Real Estate Market Review
THE SLIFER REPORT Q1 2022
TABLE OF CONTENTS PAGE 3 -
SSF Summit County Market Share
PAGE 4 -
Summit County Overview
PAGE 5 -
Summit County Overview
PAGE 6 -
Luxury Market Overview
PAGE 7 -
Luxury Market Overview
PAGE 8 -
Land Overview
PAGE 9 -
Summit County Area Overview
PAGE 10 - Development spotlight PAGE 11 -
Summit County Notable Solds
PAGE 12 - Breckenridge PAGE 13 - Copper Mountain PAGE 14 - Dillon PAGE 15 - Frisco PAGE 16 - Keystone PAGE 17 - Silverthorne PAGE 18 - Forbes Global Properties PAGE 19 - Leading Real Estate Companies of the World
LOCAL BRAND, LOCAL LEADERS SUMMIT COUNTY Q1 MARKET SHARE $110 $100
16%
$90 $80
MILLIONS
$70 $60 $50 $40 $30 $20 $10
Sl ife r
Sm
ith
Re /
&
M
Fr
Li
v
am
So
th
pt on
rt pe Pr o ax
$127.3
R.
eb y's
ie
E. As
ge Br ec ke n
rid
$96.1 M
E.
$83.6
R. so
ci
eX p
at es
Re a
s m ill rW le
$61.4 M
s
$33.6M
Ke l
ke r an lB dw el Co l
ia
M
RE e to n rs ne Co r
$30.7 M
lty
$28.9 M
P
$12.3 M
0
Closest Competitors
Sold residential and land properties within Summit County, counting both listing and buy sides, from January 1, 2022 – March 31, 2022. Source of all data in this report is the Summit Association of Realtors Multiple Listing Service. Information is deemed reliable but not guaranteed. Consult your Slifer Smith & Frampton Broker for more information. ©2022 Slifer Smith & Frampton Real Estate
59+
BROKERS
25+
SUPPORT STAFF
Q1 2022 SLIFER REPORT
4
SALES LOCATIONS
Q1 2022 SUMMIT COUNTY OVERVIEW TRANSACTION VOLUME COMPARISON 500
NO. OF TRANSACTIONS
450
453
400 363
350 300
307
313
2015
2016
349 297
288
2019
2020
276
305
250 200 150 100 50 0 2014
2017
2018
2021
2022
SALES VOLUME COMPARISON $450M $400M $350M
$250M $200M $150M
$256.1M
$237.3M
$242.4M
$233.6M
$418.4M
$403.2M
0
$189.0M
$50M
$162.5M
$100M $148.4M
MILLIONS
$300M
2014
2015
2016
2017
2018
2019
2020
2021
2022
*Data gathered is from Land and Residential sales from January 1 through March 31 of each year.
Q1 2022 SLIFER REPORT
Q1 2022 SUMMIT COUNTY OVERVIEW RESIDENTIAL AVERAGE SALES PRICE COMPARISON $1.4M
$1,383,773
AVERAGE SALES PRICE
$1.3M $1.2M $1.1M $1M
$995,962
$0.9M
$856,840 $852,767
$0.8M $734,207 $731,700
$0.7M $0.6M
$615,060 $551,971 $556,665
$0.5M 2014
2015
2016
2017
2018
2019
2020
2021
2022
1,800 1,600 1,400 1,200 1,000 800 600 400 200 0 A p A ru 1 D g- 4 e 1 A c- 4 p A r - 14 u 1 D g- 5 A ec 15 pr A il - 15 u 1 D g- 6 A ec 16 p A ril - 16 u 1 D g- 7 e 1 A c- 7 p A r - 17 u 1 D g- 8 e 1 A c- 7 p A r - 17 ug 1 D - 8 ec 18 A A pr 18 u -1 D g- 9 e A c 19 pr - 1 A - 9 u 2 D g- 0 ec 2 A - 0 p 2 A ril 0 ug -2 D - 1 e A c - 21 pr 2 il- 1 22
RESIDENTIAL AND LAND INVENTORY
ACTIVE INVENTORY BY MONTH
*Data gathered is from Land and Residential sales from January 1 through March 31 of each year.
Q1 2022 SLIFER REPORT
Q1 2022 SUMMIT COUNTY LUXURY MARKET OVERVIEW
NO. OF TRANSACTIONS
TRANSACTION VOLUME COMPARISON - RESIDENTIAL OVER $2 MILLION YTD 60 55 50 45 40 35 30 25 20 15 10 5 0
56
36
20
18
4
5
6
2014
2015
2016
16 7
2017
2018
2019
2020
2021
2022
SALES VOLUME COMPARISON - RESIDENTIAL OVER $2 MILLION YTD $180M $160M
MILLIONS
$140M $120M $100M $80M $60M $40M $20M 0
11.7M
13.4M
18.1M
48.3M
17.6M
56.7M
44.3M
111.5M
180M
2014
2015
2016
2017
2018
2019
2020
2021
2022
*Data gathered is from Residential sales from January 1 through March 31 of each year.
Q1 2022 SLIFER REPORT
Q1 2022 SUMMIT COUNTY LUXURY MARKET SHARE
SUMMIT COUNTY LUXURY MARKET SHARE RESIDENTIAL & LAND SALES VOLUME
$60 $55 $50 $45
MILLIONS
$40 $35 $30 $25 $20 $15 $10 $5
v
… R
Fr am
So
er Pr op ax
Sl
ife
rS
m ith
R e/
&
M
$53.1 M
pt on
th eb y' s
s tie
R at es ci
48.4 M
Li
s ss o A ge
B
re c
ke n
rid
48.1 M
…
35.1 M
m ia rW ill
le
ne C or
Ke l
ke r an lB
w el
10.9 M
R
M
as m Th o & C ol d
fr at h Pa f
10 M
E
8.8 M
P
5.3 M
rs to ne
0
*Data gathered is from Land and Residential sales from January 1 through March 31 of each year. Sold residential and land properties within Summit County $2M+, counting both listing and buy sides.
Q1 2022 SLIFER REPORT
Q1 2022 SUMMIT COUNTY LAND OVERVIEW LAND TRANSACTION VOLUME COMPARISON 55
NO. OF TRANSACTIONS
50
50
48
45 40 35
33
31
30
26
25 20
18
26
24
16
15 10 5 0 2014
2015
2016
2017
2018
2019
2020
2021
2022
LAND SALES VOLUME COMPARISON $18M $16M $14M
$10M $8M $6M
$12.4M
$17.1M
$10.2M
$8.5M
$17M
$17.1M
0
$4.7M
$2M
$8.7M
$4M $6.7M
MILLIONS
$12M
2014
2015
2016
2017
2018
2019
2020
2021
2022
*Data gathered is from Land sales from January 1 through March 31 of each year.
Q1 2022 SLIFER REPORT
Q1 2022 SUMMIT COUNTY AREA OVERVIEW SALES VOLUME COMPARISON - RESIDENTIAL & LAND BRECKENRIDGE
COPPER 20
40 0
$164M
80
$200.4M
120
2020
2021
2022
MILLIONS
16
160
$132.3M
12 8 4 0
$6.1M 2020
28
35
24
30
20
25
MILLIONS
FRISCO
16 12 8 4 $11.7M 2020
$25M 2021
$21.4M 2022
10 0
60
100
50
80
40 30 20 10 $19.6M 2020
$21.4M 2020
SILVERTHORNE
MILLIONS
MILLIONS
$34.9M 2022
15 5
KEYSTONE
0
$31.6M 2021
20
$49.3M 2021
$57.3M 2022
60 40 $106.1M
0
$19.4M 2022
$88M
MILLIONS
DILLON
$24.1M 2021
$42.6M
MILLIONS
200
2020
2021
2022
20 0
*Data gathered is from Land and Residential sales from January 1 through March 31 of each year.
Q1 2022 SLIFER REPORT
6Billion+
$
Historic Sales Volume As of the first quarter of 2022 our development division has sold over six billion dollars of real estate.*
573Million+
$
Q1 2022 Pending Sales Volume But we didn’t stop there, as of March 31, 2022 our teams have $573,164,947 of sales closing soon. *
NEW DEVELOPMENT PROJECTS ACROSS COLORADO
AURA | Snowmass
LEGACY AT VAIL SQUARE | Lionshead
AuraSnowmass.com
LegacyVail.com
SUMMIT BLUE | Silverthorne
THE ARBORY | Denver
LiveSummitBlue.com
ArboryDenver.com
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Phased release of Townhomes and Single Family homes along the Blue River, steps away from vibrant, downtown Silverthorne. Future phases coming soon.
Luxury residences in Vail’s Lionshead Village and steps away from the gondola are the very last of their kind. 2 to 4-bedroom residences.
Nestled in Denver’s vibrant and historic City Park West neighborhood, these bespoke residences are not just built, but crafted. 1 and 2-bedroom layouts available.
We are proud to be the only brokerage in Colorado with a full division dedicated to bringing new developments to market. Our end to end service has delivered another record year in 2021, creating more new homes in our communities than ever before. *Pending and closed sales volume through 3.31.22
To learn more, visit SliferDevelopmentSales.com >>>
Q1 2022
SLIFER SMITH & FRAMPTON’S
NOTABLE SALES IN SUMMIT COUNTY
Eagles Nest Golf Course Sub | detnsrpR eht Serel
eK ystone West Ranch Sub | detnsrpR eht Serel
Boulder Ridge III | detnsrpR eht Serel
Snider Addition Sub | detnsrpR eht Serel
Lewis Ranch at Copper Mountain | detnsrpR eht Serel
Ruby Ranch Sub |
Reserve at Frisco |
detnsrpR eht Serel detnsrpR eht Serel
BRECKENRIDGE SINGLE-FAMILY/DUPLEX
51% increase in average sale price from 2021 (Single-Family/Duplex)
SALES VOLUME
NO. OF SALES
AVG. DAYS ON MARKET
AVG. SALE
MEDIAN SALE
$1,000,000 PLUS SALES
2018
$50,998,387
43
113
$1,186,009
$945,000
20
2019
$84,348,167
53
111
$1,591,475
$1,270,000
33
2020
$83,866,269
56
98
$1,497,612
$1,276,750
33
2021
$131,483,236
75
69
$1,753,110
$1,532,000
51
2022
$111,028,348
42
31
$2,643,532
$2,028,500
42
CONDOMINIUM/TOWNHOME
50% decrease in average days on market compared to 2021 (Condominium/TH)
SALES VOLUME
NO. OF SALES
AVG. DAYS ON MARKET
AVG. SALE
MEDIAN SALE
$1,000,000 PLUS SALES
2018
$42,829,556
67
55
$639,158
$592,500
8
2019
$24,212,907
38
58
$637,182
$637,500
4
2020
$40,458,920
63
51
$642,205
$597,500
8
2021
$59,732,941
74
46
$807,202
$730,000
19
2022
$41,015,650
44
23
$932,174
$720,500
15
PRICE PER SQUARE FOOT COMPARISON SINGLE-FAMILY/DUPLEX AVG.
2018
2019
2020
2021
2022
$411
$481
$518
$573
$772.90
CONDOMINIUM/TOWNHOME AVG.
2018
2019
2020
2021
2022
$577
$637
$679
$759
$992.43
LAND SALES NO. OF SALES
SALES VOLUME
AVG. SALE
19
$11,590,080
$610,004
*Data gathered is from Land and Residential sales from January 1 through March 31 of each year.
Q1 2022 SLIFER REPORT
COPPER SINGLE-FAMILY/DUPLEX
87%
SALES VOLUME
NO. OF SALES
AVG. DAYS ON MARKET
AVG. SALE
MEDIAN SALE
$1,000,000 PLUS SALES
increase in sales volume compared
2018
$0
0
N/A
N/A
N/A
0
2019
$3,380,000
1
550
$3,380,000
$3,380,000
1
2020
$0
0
N/A
N/A
N/A
0
to 2021
2021
$3,850,000
1
4
$3,850,000
$3,850,000
1
(Single-Family/Duplex)
2022
$7,200,000
2
18
$3,600,000
$3,600,000
2
CONDOMINIUM/TOWNHOME
14% decrease in average days on market compared to 2021 (Condominium/TH)
SALES VOLUME
NO. OF SALES
AVG. DAYS ON MARKET
AVG. SALE
MEDIAN SALE
$1,000,000 PLUS SALES
2018
$5,329,000
12
35
$444,083
$395,250
0
2019
$4,360,000
8
94
$545,000
$470,750
1
2020
$6,053,400
12
90
$504,450
$495,000
0
2021
$18,938,521
26
7
$728,405
$637,561
4
2022
$10,346,000
14
6
$739,000
$725,000
0
PRICE PER SQUARE FOOT COMPARISON SINGLE-FAMILY/DUPLEX AVG.
2018
2019
2020
2021
2022
N/A
$576
N/A
$605
$767.84
CONDOMINIUM/TOWNHOME AVG.
2018
2019
2020
2021
2022
$531
$556
$594
$711
$880.94
LAND SALES NO. OF SALES
SALES VOLUME
AVG. SALE
2
$1,835,000
$917,500
*Data gathered is from Land and Residential sales from January 1 through March 31 of each year.
Q1 2022 SLIFER REPORT
DILLON SINGLE-FAMILY/DUPLEX
10%
SALES VOLUME
NO. OF SALES
AVG. DAYS ON MARKET
AVG. SALE
MEDIAN SALE
$1,000,000 PLUS SALES
increase in average sale price compared to 2021
2018
$7,706,000
10
51
$770,600
$770,250
1
2019
$10,611,285
14
68
$757,949
$687,643
3
2020
$5,086,025
6
76
$847,788
$825,113
1
2021
$14,881,000
11
11
$1,352,518
$1,376,000
9
(Single-Family/Duplex)
2022
$10,379,000
7
21
$1,482,714
$1,200,000
6
CONDOMINIUM/TOWNHOME
70% decrease in average days on market from 2021 (Condominium/TH)
SALES VOLUME
NO. OF SALES
AVG. DAYS ON MARKET
AVG. SALE
MEDIAN SALE
$1,000,000 PLUS SALES
2018
$4,763,400
14
20
$340,243
$290,000
0
2019
$6,814,900
17
24
$400,876
$359,000
0
2020
$6,077,036
14
40
$434,074
$434,919
0
2021
$10,141,500
18
10
$563,417
$435,500
1
2022
$9,362,305
16
3
$585,144
$522,500
2
PRICE PER SQUARE FOOT COMPARISON SINGLE-FAMILY/DUPLEX AVG.
2018
2019
2020
2021
2022
$291
$333
$303
$412
$522
CONDOMINIUM/TOWNHOME AVG.
2018
2019
2020
2021
2022
$406
$436
$443
$512
$730
LAND SALES NO. OF SALES
SALES VOLUME
AVG. SALE
2
$1,700,000
$850,000
*Data gathered is from Land and Residential sales from January 1 through March 31 of each year.
Q1 2022 SLIFER REPORT
FRISCO SINGLE-FAMILY/DUPLEX
42% increase in average sale price from 2021 (Single-Family/Duplex)
SALES VOLUME
NO. OF SALES
AVG. DAYS ON MARKET
AVG. SALE
MEDIAN SALE
$1,000,000 PLUS SALES
2018
$11,202,000
11
68
$1,018,364
$955,000
4
2019
$6,100,000
6
88
$1,016,667
$857,500
2
2020
$9,854,246
10
49
$985,425
$1,075,000
6
2021
$17,668,000
11
9
$1,606,182
$1,422,000
9
2022
$13,687,500
6
47
$2,281,250
$2,050,000
6
CONDOMINIUM/TOWNHOME
71% increase in sales volume from 2021 (Condominium/TH)
SALES VOLUME
NO. OF SALES
AVG. DAYS ON MARKET
AVG. SALE
MEDIAN SALE
$1,000,000 PLUS SALES
2018
$7,802,990
14
29
$557,350
$511,250
0
2019
$10,727,274
23
38
$466,403
$403,277
2
2020
$11,364,000
15
18
$757,600
$648,000
3
2021
12,415,628
19
5
$653,454
$705,000
0
2022
$21,224,580
16
3
$1,326,536
$1,232,975
9
PRICE PER SQUARE FOOT COMPARISON SINGLE-FAMILY/DUPLEX AVG.
CONDOMINIUM/TOWNHOME
2018
2019
2020
2021
2022
$455
$412
$472
$602
$643.33
AVG.
2018
2019
2020
2021
2022
$487
$537
$568
$616
$820.72
LAND SALES NO. OF SALES
SALES VOLUME
AVG. SALE
0
N/A
N/A
*Data gathered is from Land and Residential sales from January 1 through March 31 of each year.
Q1 2022 SLIFER REPORT
KEYSTONE SINGLE-FAMILY/DUPLEX
59% decrease in average days on market compared to 2021
SALES VOLUME
NO. OF SALES
AVG. DAYS ON MARKET
AVG. SALE
MEDIAN SALE
$1,000,000 PLUS SALES
2018
$8,137,500
7
149
$1,162,500
$1,165,000
5
2019
$12,278,457
7
136
$1,754,065
$1,400,000
5
2020
$5,552,000
5
111
$1,110,400
$1,075,000
4
2021
$16,035,000
9
69
$1,781,667
$1,370,000
6
2022
$13,985,145
7
39
$1,997,878
$1,616,700
6
(Single-Family/Duplex)
34%
CONDOMINIUM/TOWNHOME
increase in sales volume compared to 2021 (Condominium/TH)
SALES VOLUME
NO. OF SALES
AVG. DAYS ON MARKET
AVG. SALE
MEDIAN SALE
$1,000,000 PLUS SALES
2018
$40,776,450
67
41
$608,604
$525,000
2
2019
$30,485,362
46
62
$662,725
$597,000
5
2020
$13,775,500
27
115
$510,204
$480,000
0
2021
$31,514,712
60
97
$525,245
$467,000
0
2022
$42,254,563
55
10
$768,265
$700,000
7
PRICE PER SQUARE FOOT COMPARISON SINGLE-FAMILY/DUPLEX AVG.
2018
2019
2020
2021
2022
$351
$397
$338
$520
$624.89
CONDOMINIUM/TOWNHOME AVG.
2018
2019
2020
2021
2022
$501
$506
$555
$621
$736.24
LAND SALES NO. OF SALES
SALES VOLUME
AVG.SALE
1
$1,062,000
$1,062,000
*Data gathered is from Land and Residential sales from January 1 through March 31 of each year.
Q1 2022 SLIFER REPORT
SILVERTHORNE SINGLE-FAMILY/DUPLEX
71%
SALES VOLUME
NO. OF SALES
AVG. DAYS ON MARKET
AVG. SALE
MEDIAN SALE
$1,000,000 PLUS SALES
2018
$32,872,337
35
67
$939,210
$935,000
14
increase in sales volume compared
2019
$22,155,500
21
53
$1,055,024
$900,000
7
2020
$31,715,439
30
91
$1,057,181
$1,022,248
16
to 2021
2021
$51,953,593
39
20
$1,332,143
$1,284,000
28
(Single-Family/Duplex)
2022
$88,735,683
45
50
$1,971,904
$1,850,000
33
CONDOMINIUM/TOWNHOME
89%
SALES VOLUME
NO. OF SALES
AVG. DAYS ON MARKET
AVG. SALE
MEDIAN SALE
$1,000,000 PLUS SALES
decrease in average days
2017
$12,372,400
33
38
$374,921
$305,000
0
on market from 2021
2018
$7,116,200
19
22
$374,537
$365,000
0
2019
$14,217,195
34
27
$418,153
$387,500
0
2020
$10,198,000
24
54
$424,917
$362,500
0
2021
$32,358,432
59
67
$548,448
$525,000
0
2022
$16,453,780
24
8
$685,574
$687,540
3
(Condominium/TH)
PRICE PER SQUARE FOOT COMPARISON SINGLE-FAMILY/DUPLEX AVG.
2018
2019
2020
2021
2022
$365
$359
$415
$495
$573.08
CONDOMINIUM/TOWNHOME AVG.
2018
2019
2020
2021
2022
$386
$404
$479
$465
$710.29
LAND SALES NO. OF SALES
SALES VOLUME
AVG. SALE
2
$926,000
$463,000
*Data gathered is from Land and Residential sales from January 1 through March 31 of each year.
Q1 2022 SLIFER REPORT
FROM ASPEN TO DENVER AND AROUND THE WORLD
FORBES GLOBAL PROPERTIES IN 2021
1 of 10
135
FOUNDING MEMBERS
WORLD-WIDE LOCATIONS
2,400
2,855
LUXURY EXPERTS
LUXURY LISTINGS FEATURED
WOLCOT T
70
GYPSUM
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TO DENVER >> 70
E AGLE
EAGLE COUNT Y AIRPORT
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70
BACHELOR GULCH << TO GRAND JUNCTION
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BEAVER CREEK
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KEYSTONE
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70
GLENWOOD SPRINGS
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82
EL JEBEL CARBONDAL E WILLITS
BASALT
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WOODY CREEK
SNOWMASS VILLAGE SNOWMASS SKI RESORT
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Forb esGlobalProp er ties.com >>>
ASPEN SKI RESORT
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