Condominium sales in Summit County up 15% – 2011 in review

Condominium sales in Summit County, Colorado in 2011 were up 15%  - 532 sales in 2011 vs. 484 in 2010. Average sold price of a condo in Summit County in 2011 was $340,438 – down 5% from 2010.

Interesting that Breckenridge witnessed an increase in sales of 38% and an increase in average sold price of 12%!  Currently 221 condominiums are listed for sale in Breckenridge priced between $84,000 and $2,275,000, (average list price of $513,776).

Dillon also was up 27% in sales and up in average sold price by 4%.  Today 29 condominiums are for sale in Dillon priced from $88,900 to $895,000 (average list price of $308,459).

Copper Mountain was flat in sales and down 13% in price in 2011. Currently 100 units are listed for sale  in Copper Mountain starting at $152,000 and up to $1,419,000 (average price of $393,878).

Keystone was down 12% in number of sales and down 8% in average sold price.  Today 156 condos are listed for sale in Keystone between $118,900 and $1,395,000 (average list price of $353,900).

The town of Frisco was up by an additional 5 condo sales and Frisco’s prices remained flat. 43 condos are for sale in Frisco today from $159,900 to $899,950 (average list price of 405,123). It is worth noting that rare lakefront and water front properties are available for sale at this time – ask me for details!

New listing – 2 bedroom ski condo at The Cirque, Copper Mountain

I’ve got a new partial ownership opportunity listing at the Cirque at Copper Mountain – this one is priced to sell fast for sure – $118K!

Ground floor 2bedroom/2baths ski condo with walk out access to the adult/kids pool and 21 person hot tub. South facing home with panoramic views of ski slopes and plenty of sunshine all day. Enjoy 1 week per month and day use 365 days a year in Copper Mountain’s only platinum lodge. Small boutique-style lodge with only 37 suites, family-friendly!

Great affordable option to own a ski condo in Copper Mountain – use it yourself, rent out or exchange – go to www.Resort2Resort.com – many options for property exchange around the world!

Single family homes sales in Summit County up 22%

Home sales in 2011 were up in Summit County by 22% compared to 2010 – 368 single family home have sold in the county last year (close to 2001 home sales levels). 36% of all homes sold were priced under $500K,  41% were priced between $500K and $1M and the remaining 23% were priced over $1M.

Average price of a single family home in Summit County in 2011 was $744,690, down 11% from a year ago. Price per square foot of a single family residence sold was at $259, down 5% from a year ago.

In Frisco home sales were up 38% with a decrease of Frisco’s average sold price of minus 19%! Breckenridge was up 32% in sales and down 12% in price. Silverthorne home sales were the same as 2010 and their average sold price was down 18%. Dillon had an increase of 21% in sales and a decrease of 14% in price. There isn’t enough data to determine the pricing in Copper Mountain as only 2 homes sold there in 2011.

Search for all Summit County real estate listings at Summit Real  Estate Place.

A year in review – first Summit County weekly real estate update 2012

Happy New Year! Residential Summit County listings that sold in 2011 are holding at a 15% increase. That 15% translates into a 32% increase in the South Side of the county (Breckenridge area) and a 4% increase in the North Side. The North Side will obviously hold at a BIG increase and the South Side’s increase could change a bit (hopefully upward) as more data trickles into MLS.

REMAX continues to be the #1 real estate company in the county, with second place company behind by 28%! The third place would have to improve 113%, fourth 202%, fifth 313%, sixth 418%, seventh 441%, eighth 496%, ninth 528% and tenth is 528%. Tremendous percentages needed to catch up and after the second place company all would have to more than double their production to catch RE/MAX.

The market continues the trend of lower inventory, higher sales numbers and yet, lower prices. I will be following up later this week with more detailed info on the last year data in my quarterly newsletter, keep an eye out for it!