Total Sales for Summit County: Summit County sales are down 2% for 2019 over 2018. August was our strongest sales month, followed by October. Average prices for 2019 are up 7% from the average prices of 2018. The average days on market was 58 days in 2019, up from 51 days in 2018. In 2018, 33% of Summit County sales were in the Breckenridge area. 44% of buyers are from the front range, 25% 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 2019…. $200,000 to $400,000 is NO LONGER the hottest part of the market with 374 properties sold. $400,000 to $600,000 had 447 solds. $600,000 to $800,000 had 346 solds. $800,000 to $1,000,000 had 216 solds. $1,000,000 to $2,000,000 had 336 solds. $2,000,000 to $3,000,000 had 47 solds. $3,000,000 to $4,000,000 had 26 solds. There were 13 properties that sold for over $4M, with the highest sale of the year being $10,100,000.
One of my favorite stats to review is the number of sales per year since 2004.
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
2019 —1799 solds
Single Family Sales: The number of Single Family home sales is down 4% in 2019 over 2018. The average sales price has gone up 10% in 2019 over 2018. The average number of days on market has gone from 261 days in 2015, 106 days in 2016, 96 days in 2017, 73 days in 2018, to 77 days in 2019.
Condo and Multi Family Sales: Condo/ Multi Family sales are down 1% 2019 over 2018. The average sales price has increased 5% in 2019 over 2018. Average days on market was 71 days in 2016, 48 days in 2017, 42 days in 2018, and is 50 days in 2019.
Land Sales: The number of lots sold in 2019 was 119, while in 2018 it was 181. Many of these sales were South of Breckenridge. The average price is up 6% in 2019. The average days on market was 710 days (not a typo) in 2015, 340 days in 2016, 273 days in 2017, 263 days in 2018, and 262 days in 2019.
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