Market Statistics

Hello from Breckenridge, Colorado!

How’s the local real estate market? We have a recovering market, with the number of residential sales up 19% over last year at this time. How has the number of listings varied, over the years, and seasonally? When do we have the most listings on the market? The fewest?

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

The short answer is: The number of residential listings varies seasonally; low in January, high in July. From a multi-year standpoint, the number of listings was much lower back in 2007 during a hot real estate market. Overall the number of listings is falling as the market recovers.

The chart above shows the total number of active residential listings over time: homes, condos, townhomes, duplexes, and vacant land.

• About 400 residential listings for sale in 2007 (a hot market)
• As the market fell into the Great Recession, properties stopped selling while more inventory came on the market
• Over 1,200 properties for sale in 2009 and 2010
• As the market recovers, the number of properties continues an overall decline; however, there is a seasonal market fluctuation
• The fewest properties on the market in January/February; the most properties on the market in July/August
• On average, there are 30% more properties on the market in July than in January

Hello from Breckenridge, Colorado!

What’s going on with foreclosures in Summit County? Are there more than ever, or fewer than there were?

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

The short answer is: The wave of foreclosures has clearly crested, and is on the decline. The number of foreclosures in Summit County is half of what it was last year, and only about one-third of what it was in 2011.

The chart below shows the number of properties that went into foreclosure in Summit County:

• All property types (homes, condos, land, commercial, etc) are included except timeshares
• In 2008, there were only 33 foreclosures, county-wide. In 2009: 47. Then a big jump to 104 in 2010, peaking at 145 foreclosures in 2011.
• So far, through the end of November 2013, we’ve had 46, vs 82 last year at this time. So, we are at roughly half the number of foreclosures compared to last year at this time. Good news!
• At the end of November 2011, there were 137 foreclosures. Compare to 46 so far in 2013, we have only one-third the number of foreclosures vs 2011. That’s great news!

The raw data for this chart was provided by Maggie Dew, the Business Development Officer for the Summit County branch of Stewart Title. You can reach her at (970) 393-2536. Thanks, Maggie!

Please contact us if you have any questions about the above information.

Roger & Teresa Moen
Your Mountain Realtors
(970) 376-2039