Author: The Moens Team

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!

Hello from Breckenridge, Colorado!

It’s still a buyer’s market in Breckenridge, and the number of sales is increasing, but what’s the multi-year trend?

Get the quick answer from our 1-minute video, or see the details below.

The short answer is: The number of sales in Breckenridge has been steadily increasing 14.7% (on average) every year since 2009.

The chart below shows the number of residential sales in Breckenridge:

• All residential property types: homes, condos, townhomes, duplexes, and vacant land
• Sales from 1/1 to 10/16 of each year, so each bar shows sales for the first 10 months of each year
• The highest number of transactions was in 2005, with 1017 sales
• The lowest number was in 2009, with just 291 sales
• The number of sales increased in 2010, 2011, and 2012, averaging an increase of 14.7% more sales, every year.
• However, the number of sales is still 30% below the 8-year average of the number of sales for the years 2004-2011, inclusive.
• The chart looks very similar for all of Summit County, with the exception that there has been an increase of 14.1% more sales every year since 2009 (vs 14.7% in Breckenridge).
• Despite this good news, prices are mostly flat in all categories, but we are beginning to see some evidence of prices starting to think about heading up just a tiny bit — too soon to tell for sure, but we’ll keep you posted!

So, now you know the story on sales in Breckenridge. Believe it or not, we have even more data, so if you like market statistics, you know who to call!