The local sold market in Summit County for residential sales is holding firm at plus 13%! Last week’s number of properties selling and going under contract both came in strong with a 54% sold improvement and a 27% under contract improvement over the same week in 2011. Strong fourth quarter activity.
A little more detail: Active properties for sale are down 16%, properties under contract to close are up 15%. There is one project that is getting ready to close and removing that project from the overall numbers shows the local resale market of under contract properties up 7% or up 15% with the project sales and up 7% without. However one looks at it the market is up.
Third Quarter Results: Many like to associate a year in the past that is similar to sales today and interesting enough that year is 2006 for both Condominiums and Single Family Homes. Here is a tid bit, there is only a 3% difference between sold home prices today as compared to 2006.
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.