{"id":2016,"date":"2023-03-17T19:04:17","date_gmt":"2023-03-17T19:04:17","guid":{"rendered":"http:\/\/www.mountainre.com\/?p=2016"},"modified":"2023-03-17T19:04:17","modified_gmt":"2023-03-17T19:04:17","slug":"2022-summit-county-real-estate-statistics-in-review","status":"publish","type":"post","link":"http:\/\/www.mountainre.com\/?p=2016","title":{"rendered":"2022 Summit County Real Estate Statistics in Review!"},"content":{"rendered":"\n\n\n
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Hello all!

Happy New Year! The mountains are at about 99%-129% snow pack\u00a0with more in the forecast. I hope you get to enjoy it soon.

The biggest takeaway I hope you get from this newsletter is\u00a0that 2020 and 2021 were anomaly\u00a0years. To get a more accurate idea of our Real Estate trends for 2022, I would prefer to compare them to 2018 or 2019. Our TOTAL sales in Summit County in 2022 VS 2019 are\u00a0DOWN 24%<\/strong>. This is more realistic than the number below comparing to 2021. Higher interest rates,\u00a0rental restrictions, and World and Market uncertainty are real things. Sales have slowed as the year has gone on.<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n\n\n
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TOTAL Sales for Summit County
January-December<\/strong>
(Over the same months last year)<\/div>\n<\/td>\n
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SALES STATS<\/strong><\/div>\n<\/td>\n<\/tr>\n
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Total Sales are\u00a0DOWN 36%<\/strong><\/div>\n<\/td>\n
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255<\/strong>\u00a0Active Listings,\u00a0379<\/strong>\u00a0Listings are Under Contract<\/div>\n<\/td>\n<\/tr>\n
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Average Prices are\u00a0UP 14%<\/strong><\/div>\n<\/td>\n
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43%<\/strong>\u00a0of Buyers are Front Range,\u00a030%<\/strong>\u00a0are Out of State, and\u00a027%<\/strong>\u00a0are Locals\/Retirees (surge in Deed Restricted Sales)<\/div>\n<\/td>\n<\/tr>\n
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Average Days on market is\u00a0ONLY 27 DAYS<\/strong><\/div>\n<\/td>\n
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37%<\/strong>\u00a0of Transactions were cash in Nov (44% in April)<\/div>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n\n\n
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Luxury sales over $1,500,000 are\u00a0DOWN\u00a0<\/strong>from 442 to 402\u00a0sales over the same months last year.\u00a0

Based on the last list price of the properties sold January through December\u00a02022…
\u2022 $200,000 to $400,000 had 70\u00a0properties sold.
\u2022 $400,000 to $600,000 had 227\u00a0sales.
\u2022 $600,000 to $800,000 had 253\u00a0sales. This is our *new* hottest segment.
\u2022 $800,000 to $1,000,000 had 198\u00a0sales.
\u2022 $1,000,000 to $2,000,000 had 415\u00a0sales.
\u2022 $2,000,000 to $3,000,000 had 140\u00a0sales.
\u2022 $3,000,000 to $4,000,000 had 62\u00a0sales.
\u2022 $4,000,000 and over had 29\u00a0sales with the highest being $12,200,000!

One of my favorite stats to review is the number of sales per year since 2004.<\/span><\/strong>
2004 \u20142182\u00a0solds\u00a0 \u00a0 \u00a0 \u00a0 \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0
2005 \u20142470 solds\u00a0 \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0
2006 \u20142493\u00a0solds\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0
2007 \u20142146 solds\u00a0 \u00a0 \u00a0 \u00a0 \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0
2008 \u20141214 solds\u00a0\u00a0 \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0
2009 \u2014 917 solds (ouch)\u00a0 \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0
2010 \u20141005 solds\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0
2011 \u20141118\u00a0solds\u00a0\u00a0 \u00a0 \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0
2012 \u20141319 solds\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0
2013 \u20141534\u00a0solds<\/span>
2014 \u20141685 solds\u00a0<\/span>
2015 \u20141945\u00a0solds\u00a0<\/span>
2016 \u20141862\u00a0solds\u00a0There was a lack of inventory in 2016.<\/span>
2017 \u20141975\u00a0solds\u00a0<\/span>This is the highest number of sold properties since 2007.<\/span><\/strong>
2018 \u20141810\u00a0solds<\/span>
2019 \u20141785\u00a0solds<\/span>
2020 \u20142142\u00a0solds<\/span>
2021 \u20142137\u00a0<\/span>solds<\/span>\u00a0\u00a0\u00a0<\/span>2020 and 2021-There was not a shortage of inventory, Buyers just had to move ex\u00adtra fast to get it.<\/span><\/strong>
2022\u00a0\u2014<\/span>1361\u00a0solds\u00a0We are\u00a0down 24% compared to\u00a0a normal market of 2018 or 2019.<\/strong><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n","protected":false},"excerpt":{"rendered":"

Hello all!Happy New Year! The mountains are at about 99%-129% snow pack\u00a0with more in the forecast. I hope you get to enjoy it soon.The biggest takeaway I hope you get from this newsletter is\u00a0that 2020 and 2021 were anomaly\u00a0years. To get a more accurate idea of our Real Estate trends for 2022, I would prefer to compare them to 2018 or 2019. Our TOTAL sales in Summit County in 2022 VS 2019 are\u00a0DOWN 24%. This […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[1],"tags":[],"jetpack_featured_media_url":"","_links":{"self":[{"href":"http:\/\/www.mountainre.com\/index.php?rest_route=\/wp\/v2\/posts\/2016"}],"collection":[{"href":"http:\/\/www.mountainre.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.mountainre.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.mountainre.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/www.mountainre.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=2016"}],"version-history":[{"count":1,"href":"http:\/\/www.mountainre.com\/index.php?rest_route=\/wp\/v2\/posts\/2016\/revisions"}],"predecessor-version":[{"id":2017,"href":"http:\/\/www.mountainre.com\/index.php?rest_route=\/wp\/v2\/posts\/2016\/revisions\/2017"}],"wp:attachment":[{"href":"http:\/\/www.mountainre.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=2016"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.mountainre.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=2016"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.mountainre.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=2016"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}