How's The Market 11/26/12

How’s the real estate market in Summit County, Colorado?

The number of residential sold properties in Summit County is up 15% vs last year at this time!

Last week the number of residential (homes, condos, townhomes, and duplexes – no vacant land) sold properties in Summit County surpassed the 2011 year end total and this week the total number of sales in Summit County gained another 2%. In one week, the county went from a 13% gain in sold properties to today’s 15% gain!

Countywide the number of sold properties is up 15% and the North Side of the county (Frisco, Silverthorne, Dillon, Keystone, and Copper) is almost at a 20% gain while the South Side (Breckenridge) is at a 9% gain.

The average sold price for Summit County Residential sales is up 0.4%. The North Side of the county is now at a 3.5% increase and the South Side remains almost unchanged at minus 0.6%. It will be interesting to see what the next five weeks will bring as we wind the year down.

Active listings today are down -14.7% vs last year on this date, and the total residential properties in the county that are under contract are up 7.5%. The 7.5% is primarily due to two situations this past week: 1. The number of properties that went under contract surged by 33% and the number of properties that sold went down by 22%.

More details at http://WeeklyREActivity.com .

Happy Holidays!