The market is going up and down month by month, but prices are mostly stable and condo sales are still up. Prices have been flat for the last 2 years so it will be interesting to see when they will start inching up again, especially since we haven’t had a great deal of inventory for the last 2 years. **Some complexes are seeing over 20% increases in prices but it really depends. Give me a call if you would like to know what the average prices are doing in a specific complex or neighborhood.
Total Sales for Summit County: Total residential property sales for January through June 2013 are up 15% over the same period in 2012. The average price is down only about 3%.
Single Family Homes: Single family home sales in May 2013 were slightly up from May 2012. June 2013 is down about 28% in transactions from June 2012. This June is also down 38% from this May which is a little unusual. In the big picture of January through June 2013, we are down 7% for single family home sales from the same time period last year. The average price is up about 4% over last year.
Condos/ Multi-Family: Condo sales were about the same this year from May to June, but this June was up 38% over June 2012. January through June 2013 over 2012, we are up 29%! The average sales price is almost the same as last year.
Foreclosures: In January through June 2013 we only have 28 properties foreclosed on (not including timeshares). That is a 35% decrease over the same time period last year!
In other Summit News: Nearly 40% of all summit County transactions were closed for cash. 41% of Summit County purchasers are from the Front Range. May was the best real estate month in Summit in 2013 so far.
Check out my ads on the E-Book version of Mtn Homes Illustrated. I am still on the inside front cover. I am also on the back cover of every other issue of The Real Estate Book . Breckenridge Mountain Real Estate specializes in personalized service and attention to detail which results in success! I would love to speak to you about your real estate needs!
Don’t forget to stop by!
Erika Schmidt 970-409-9236