Your 2011 statistics for Summit County, January through June….
Total Sales: May 2011 finished with 81 solds , compared to 89 solds in 2010. June 2011 finished with 66 solds, compared to 89 solds in 2010. June saw a 25% decline in sales this year. The good news is that the first 6 months of this year are still up almost 7% over last year. These are residential sales only in Summit County. The information is gathered from the MLS and does not include private sales.
$200,000 to $400,000 is the hottest part of the market STILL with 150 sold.
$400,000 to $600,000 saw 104 solds.
$600,000 to $800,000 saw 57 solds.
$800,000 to $1,000,000 saw 31 solds.
$1,000,000 to $2,000,000 saw 39 solds.
$2,000,000 to $3,000,000 saw 6 solds.
Over $3,000,000… nothing yet this year.
Our inventory in 2010 peaked for the year last August at about 2,650 units. We currently have about 2,350 units for sale. So we are pretty close to normal for this time of year. The average days on market are about 225, while the average sold price per square foot is about $283.00 for all of Summit County.
Single Family Sales: Single family home sales are UP 21% for the first half of the year. Average prices remain stable. Single family home sales have been down the last 2 years, but recent price reductions have made them much more appealing.
Condo Sales: Condo/ multiple family unit sales are up slightly and prices remain stable.
Foreclosures: January through June 2010 we had 35 properties make it through the foreclosure process. 2011 to date, we have 86 properties. Notices of Election and Demand (NED) are down over 9% so we expect our foreclosures to drop soon. This information is provided by Stewart Title.
In other Breck news: Breck and Keystone skier visits were up for the 2010/2011 ski season, and Colorado had a record year for tourism in 2010. There is huge optimism for 2011, both locally and across the state. A-Basin just finished up their ski season over the 4th of July weekend. What a year for snow!
I hope you are enjoying all of the festivities that Summit County has to offer. The Vail farmer’s market is always worth the drive if you are looking for something to do on a Sunday. The wildflowers are spectacular this year because of all the snowfall (and rainfall!). It looks like the 10,000 ft elevation range is peaking now so the higher levels should be a week or 2 behind.
If you get a chance, check out my Mountain Homes Illustrated magazine inside front cover ad and also the featured properties on page 71. Feel free to stop by my office where I have copies available. Please let me know if you have any questions, or if you would like a free market analysis on your property. Advertising your property correctly can be the key to a seller getting a quick sale in a tough market. I look forward to serving your Summit County needs, and thank you for the referrals!
