Hello all!

There is a lot of green in the charts below. We are starting 2024 strong! High interest rates had the most impact; every month since last June has been in the 40+% range for cash deals. We are typically around 33% for cash deals. Our sales had an uptick when the interest rates went down a bit starting at the end of 2023.

Inventory is down 65% for this week (!!!!!), and prices are up. I expect inventory to stay low because of the number of sales, but not that low! The days on market has been trending back up over the last few months. The average prices in the charts below are the first 2 months of this year compared to the average price of all of last year.

TOTAL Sales for Summit County
(Over the same months last year)
Total Sales are UP 13%
351 Active Listings, 315 Listings are Under Contract
Average Prices are UP 10%
41% of Buyers are Front Range, 29% are Out of State, and 29% are Locals/Retirees
Average Days on market is 57 DAYS
51% of Transactions were cash in Dec!!!
Luxury sales over $1,500,000 are UP from 40 to 48 sales over the same months last year. Based on the last list price of the properties sold January through February 2023

• $200,000 to $400,000 had 9 properties sold.
• $400,000 to $600,000 had 15 sales. Deed Restricted properties and Wildernest condos…
• $600,000 to $800,000 had 37 sales. Usually the *hottest* price range.
• $800,000 to $1,000,000 had 16 sales.
• $1,000,000 to $2,000,000 had 47 sales.
• $2,000,000 to $3,000,000 had 19 sales.
• $3,000,000 to $4,000,000 had 12 sales.
• $4,000,000 and over had 5 sales with the highest being $8,750,000.