This was the best week of 2012 for under contract activity! Listings under contract are up 12%. Sold listings are up 15% and Active listings are down -13%. All for Summit County residential sales and you can visualize it all here Http://WeeklyREActivity.com . In 2011 there were two weeks with 50 residential Summit County properties going under contract and one with 48 (the 48 is actually this week last year!). This year the county already had one 40 under contract week and this past weeks “best of 2012’s” 42 – this week could be another big one for the county and perhaps another best!
Tracking of the number of residential properties in Summit County that go under contract shows that last year from the 1st week of July through now as compared to this year for the same timeframe and weeks results in 299 properties going under contract in 2011 and 299 properties going under contract in 2012 for that same time period. Amazingly interesting. August is up a few deals this year and July is down a few deals this year and all in all a wash and all in all exactly the same.
If we end the year at that 15% ahead point we are at now, where will the county be as compared to the peak sold year of 2006 at 2012’s year end? At a 10 to 15% improvement 2012 should look very similar to 2008 for the number of sold properties and if that is the case that will be three years in a row of double digit improvement!
Currently the county has 1563 active residential properties for sale and of those 38% will sell by year end if the county retains that 15% lead over last year. Plenty of properties for buyers to pick and choose their resort homes and, interesting enough, 62% of the properties ‘for sale’ today will be on the market the first quarter of 2013.
Source: Summit Association of Realtors’ MLS Data for Residential (Condos, Townhome, Homes, Duplexes) in Summit County, Colorado only. Summit County consists of various Colorado resort towns such as; Breckenridge, Frisco, Copper Mountain, Keystone, Silverthorne including Wildernest and Dillon. * The information contained herein is based on information provided by others. Accordingly, we make no guarantee of its accuracy and suggest you make an independent inquiry of any matters you regard as important.