Total Sales for Summit County: Summit County sales are up 6% for 2017 over 2016.  October was our strongest sales month, followed by August. Average prices for 2017 are up 17% from the average prices of 2016. The average days on market was 62 days in 2017, down from 81 days in 2016. In 2017, 37% of Summit County sales were in the Breckenridge area. 46% of buyers are from the front range, 22% are locals (a good number of these are retirees moving to the county), and 32% are out of state buyers. 32% of all sales were cash transactions.

Based on the last list price of the properties sold January through December 2017…..
$200,000 to $400,000 is ALWAYS the hottest part of the market with 518 properties sold.
$400,000 to $600,000 saw 469 solds.
$600,000 to $800,000 saw 362 solds.
$800,000 to $1,000,000 saw 217 solds.
$1,000,000 to $2,000,000 saw 263 solds.
$2,000,000 to $3,000,000 saw 60 solds.
There were 14 properties that sold for over $3M, including 4 that sold for over $4M, 1 that sold for over $5M, and 1 that sold for over $6M.

One of my favorite stats to review is the number of sales per year since 2004. We have a steady market (and anything is better than 2009).                                                                                            
2004 —2492 solds
2005 —2470 solds
2006 —2495 solds
2007 —2146 solds
2008 —1214 solds
2009 — 917 solds (ouch)
2010 —1005 solds
2011 —1117 solds
2012 —1319 solds
2013 —1527 solds
2014 —1685 solds
2015 —1943 solds
2016 —1857 solds   There was a lack of inventory in 2016.
2017 —1984 solds   This is the highest number of sold properties since 2007.

Single Family Sales: The number of Single Family home sales is up 13% in 2017 over 2016. The average sales price has gone up 15% in 2017 over 2016. The average number of days on market has gone from 261 days in 2015, to 106 days in 2016, and now 96 days in 2017.

Condo and Multi Family Sales: Condo/ Multi Family sales are up 3.5% 2017 over 2016. The average sales price has increased 15% in 2017 over 2016. Average days on market was 71 days in 2016 and is down to 48 days in 2017.

Land Sales: The number of lots sold in 2017 was 184, compared to 133 sold in 2016. Many of these sales were in Silverthorne. The average price is down 6% in 2017. There are not a lot of great lots left that are below 11,000 feet and are easily buildable. The average days on market was 710 days (not a typo) in 2015, 340 days in 2016, and 273 days in 2017.