Total Sales for Summit County: Summit County sales are down 8% for 2018 over 2017. October was our strongest sales month, followed by August. Average prices for 2018 are up 9% from the average prices of 2017. The average days on market was 51 days in 2018, down from 62 days in 2017. In 2018, 33% of Summit County sales were in the Breckenridge area. 47% of buyers are from the front range, 22% are locals (a good number of these are retirees moving to the county), and 31% are out of state buyers. 29% of all sales were cash transactions.

Based on the last list price of the properties sold January through December 2018….                                      
$200,000 to $400,000 is NO LONGER the hottest part of the market with 434 properties sold.                       
$400,000 to $600,000 had 452 solds.                                                                                                                  
$600,000 to $800,000 had 344 solds.                                                                                                                  
$800,000 to $1,000,000 had 229 solds.                                                                                                               
$1,000,000 to $2,000,000 had 300 solds.                                                                                                            
$2,000,000 to $3,000,000 had 63 solds.                                                                                                              
There were 18 properties that sold for over $3M, including 5 that sold for over $4M, with the highest sale of the year being $4,700,000.

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.

2018 —1829 solds

Single Family Sales: The number of Single Family home sales is down 5% in 2018 over 2017. The aver­age sales price has gone up 5% in 2018 over 2017. The average number of days on market has gone from 261 days in 2015, to 106 days in 2016, to 96 days in 2017, and is now 74 days in 2018.

Condo and Multi Family Sales: Condo/ Multi Family sales are up 11% 2018 over 2017. The average sales price has increased 12% in 2018 over 2017. Average days on market was 71 days in 2016, 48 days in 2017, and is 42 days in 2018.

Land Sales: The number of lots sold in 2018 was 180. Many of these sales were South of Breckenridge. The average price is up 23% in 2017. The average days on market was 710 days (not a typo) in 2015, 340 days in 2016,  273 days in 2017, and 263 days in 2018.