The county witnessed a 100% improvement last week in the number of sold residential listings as compared to the same week last year! All that improvement helped push the county’s sold listings so far in 2012 up to an 8% increase over last year at this time.
Overall the average sold price is down -5%.
Although sales are still low for this time of year and the county will see about 2/3rds of the annual sales occurring later (Aug – Oct) here is a general direction our local market is taking as of May 20th.
Residential Homes Sold: UP – Breckenridge (13%), Keystone (83%), Dillon (27%) and Silverthorne (100%). Flat – Frisco. Down – Nowhere.
Residential Average Sold Home Prices: UP – Dillon (32%), Silverthorne (37%). Down – Breckenridge (-15%), Frisco (-2%), Keystone (-32%).
Condominiums Sold: UP – Dillon (47%). Flat – Frisco, Keystone, Silverthorne, Copper. Down – Breckenridge (-39%).
Condominium Average Sold Prices: UP – Keystone (6%), Dillon (4%), Copper (27%). Down – Breckenridge (-19% & -10% if you take out Water House on Main Sales in 2011), Frisco (-4%), Silverthorne (-6%).
The number of listings that are under contract is still up as well by 37%! The number of active listings is holding at around 10% fewer this year – although our new listings last week were up 27% over last year at the same time.
Interesting to note that the South Side of the county is down -15% in the number of sold residential properties and the North Side of the county is up 30%!
RE/MAX Properties of the Summit