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Summit County Home Team Blog




Welcome to the SUMMIT COUNTY HOME TEAM. We bring over 50 years of combined resort and real estate marketing experience to Summit County's #1 brokerage, Slifer Smith & Frampton Real Estate. We pride ourselves on providing a fresh perspective and greater insight to our truly unique marketplace in the heart of the Colorado Rockies.

Whether buying or selling in Summit County, it is important to align yourself with a dedicated team that has extensive knowledge of the area and a true appreciation for our mountain lifestyle.

Eddie Bowers, Broker Associate

As a resident of Summit County, Colorado for over 34 years, I look forward to the opportunity to assist buyers and sellers in our dynamic real estate market. Originally from Utah, I spent my early career in Public Relations for the U.S. Ski Team and Park City Ski Area. I arrived in Summit County to join the marketing team at Copper Mountain Resort and we decided this was our place. What a wonderful community to raise our son, daughter and chocolate lab. My favorite part of our real estate business is sharing the outstanding recreational opportunities available with a Colorado mountain home, especially the amazing skiing, fly-fishing, cycling, mountain biking, hiking and trail running.

Reilly DeSantis, Broker Associate

Growing up in the Midwest, I could not wait for school breaks when our extended family would head west for ski vacations throughout Colorado. Mountain life hooked me at an early age and as soon as I completed college I headed west permanently settling here in Summit County over 15 years ago. I am grateful to have met my husband in Breckenridge and getting to raise our twin boys in this special community is an experience that we cherish. Skiing, trail running, cross country skiing, enjoying the trail systems, visiting the local parks and pump tracks are just few of my favorite outdoor activities. Joining Slifer Smith & Frampton in 2006 has allowed me to share the mountain lifestyle with clients who come from places near and far. My background in marketing, prompt and attentive communication, local market knowledge, and professional approach has helped my clients achieve their real estate goals.

Amy Carlson, Licensed Broker Assistant

Originally from Boulder, Colorado, I am a proud Colorado native and have been calling Summit County home for over six years. I enjoy taking advantage of the quintessential mountain lifestyle full of skiing, fly-fishing, dirt biking and taste testing local brews. I began my career with Slifer Smith & Frampton in 2015 as an Office Marketing Coordinator and proved my dedication to the real estate industry by quickly moving up the ranks. After working in both marketing and operations, I decided to maximize my unique skill set and pursue sales in hopes to share our exceptional community in Summit County. I continue to use my valuable experience in assisting SSF’s top producing brokers and clients alike.

Explore our new website:  www.summitcountyhome.com

 SUMMIT COUNTY MARKET STATS

December 2021

Prepared by Slifer Smith & Frampton Real Estate

During the month of December, Summit County saw 148 residential transactions totaling $178.8M in sales volume. Compared to December 2020, transactions were down by 24% and volume was down by 1%. Year-to-date sales volume surpassed $2.4Billon and is still trending ahead of last year by 25%. Year-to-date land transactions are down 31%, with 149 closings to finish off 2021.

The 3-month average sales price has continued to climb and is now at $1,218,850, 31% higher than a year ago. The 3-month average price per square foot is at $716, up 27%. The days on market 3-month average is down 60% compared to 2020, now at 26 days. The 3-month average list vs. sold price is sitting steady at 101%, up 2% compared to a year ago.

The luxury market of $1Million+ sales is continuing to trend ahead of 2020, now at 843 transactions for the year of 2021, up 37% compared to 2020.

As of January 1st, there were 114 active listings in Summit County, of which 86 were residential and 28 land. This is a 15% decrease in inventory compared to last month and a 39% decrease compared to the beginning of December 2020.

Data used in this write-up was collected from the MLS on 1/4/2022 

Source of Data: Summit Association of Realtors MLS. Information is deemed reliable but not guaranteed.  

 

SUMMIT COUNTY MARKET STATS

November 2021

Prepared by Slifer Smith & Frampton Real Estate

 

During the month of November, Summit County saw 152 residential transactions totaling $172.6M in sales volume. Compared to November 2020, transactions were down by 36%, and volume was down by 26%. Year-to-date sales volume surpassed $2Billon and is still trending ahead of last year by 30%. Year-to-date land transactions are down 27%, with 138 closings so far in 2021.

 

The 3-month average sales price has continued to climb and is now at $1,220,098, 28% higher than a year ago. The 3-month average price per square foot is at $721, up 34%. The days on market 3-month average is down 66% compared to 2020, now at 22 days. The 3-month average list vs sold price is sitting steady at 101%, up 2% compared to a year ago.

 

The luxury market of $1Million+ sales is continuing to trend ahead of 2020, now at 766 transactions for the year, up 40% compared to 2020.

 

As of December 1st, there were 135 active listings in Summit County, of which 102 were residential and 33 land. This is a 16% decrease in inventory compared to last month and a 43% decrease compared to the beginning of November 2020.­

Data used in this write-up were collected from the MLS on 12/3/2021

SUMMIT COUNTY MARKET STATS

October 2021

During the month of October, Summit County saw 256 residential transactions totaling $336.1M in sales volume. Compared to October 2020, transactions were down by 29%; however, volume was up by 6%. Year-to-date sales volume surpassed $2 Billon and is still trending ahead of last year by 38%. Year-to-date land transactions are down 19%, with 130 closings so far in 2021.

The 3-month average sales price has continued to climb and is now at $1,257,775, 34% higher than a year ago and the 3-month average price per square foot is at $722, up 38%. The days on market 3-month average is down 64% compared to 2020, now at 23 days. The 3-month average list vs sold price is sitting steady at 101%, up 3% compared to a year ago.

The luxury market of $1Million+ sales is continuing to trend ahead of 2020, now at 700 transactions for the year, up 51% compared to 2020. For 2 months in a row, the highest sale for the month was by a Slifer Smith & Frampton broker. Located on Peak 8 in Breckenridge, this property sold for $5,999,000 and was under contract in just seven days.

As of November 1st, there were 161 active listings in Summit County, of which 126 were residential and 34 land. This is a 15% decrease in inventory compared to last month and a 45% decrease compared to the beginning of November 2020. While most inventory around the county has stayed steady in the past month, Breckenridge has seen a drop in inventory of 45% compared to a month ago.

Data used in this write-up were collected from the MLS on 11/1/2021 

 

During the month of August Summit County saw 206 residential transactions totaling 257.2M in sales volume. Compared to August 2020, this is a decrease in transactions of 30%, but only a 5% decrease in volume. Year-to-date sale volume is still trending well ahead of this time a year ago, now at $1.48Billion. The luxury market of $1Million+ sales is also still trending ahead of 2020, now at 495 transactions for the year, up 82%. The highest sale in August was for $6,750,000 in the Gold Flake Subdivision in Breckenridge. Year-to-date land transactions are up 11%, with 107 closings so far in 2021.

The 3-month average sales price is now at $1,134,383 and the 3-month average price per square foot is at $678. The days on market 3-month average is down 64% compared to a year ago, now at 20 days. The 3-month average list vs sold price remains unchanged for the last 3 months sitting at 102%

As of September 7th, there were 230 active listings in Summit County, of which 196 were residential and 34 land. This is a 57% decrease in inventory compared to September 2020.

Data used in this write-up were collected from the MLS on 9/7/2021

 

SUMMIT COUNTY MARKET STATS 

June 2021 

 

 

As we head into Summer, Summit County Real Estate has continued to break records. During the month of June, we saw 204 residential transactions, totaling $217.8M in volume, a 76% increase in transactions and a 130% increase in volume compared to 2020. Land transactions are up 110% year-to-date, with 86 closings so far this year. The luxury market continues to expand with 69 properties closing for over a million dollars each, a 176% increase compared to a year ago. To cap off the month, Summit County saw the highest residential sale ever, with a $17,000,000 closing in Breckenridge.  


The 3-month average residential sales price has continued to climb since January and now sits at  $1,081,005. This is a 33% increase in average sales price compared to a year ago. The 3-month average price/square foot is now at $654, also up 33% compared to last year. With lower inventory levels and a competitive market, the average days on market continues to fall, now at 20 days for the 3-month average. Also a product of the competitive market, the residential list vs. sold price has been steadily climbing since last summer and is currently at 102%, this is an increase of 4% compared to a year ago. 

 

As of July 5th, there were 255 active listings in Summit County, of which 224 are residential and 31 are land. While this is a decrease in inventory of 70% compared to July 2020, it is an increase of 73% compared to the inventory low seen at the beginning of April 2021. 

 

 

 Data used in this write-up were collected from the MLS on 7/5/2021 

Even with record low inventory, Summit County real estate transactions have remained strong. During the month of February, we saw 114 residential transactions, totaling $121.1M in volume, a 28% increase in transactions and a 49% increase in volume compared to 2020. Land transactions were up 125%, with 18 closings during the past month.

The luxury market is also holding strong with 38 properties closing for over a million dollars, a 52% increase compared to a year ago. The highest sale was for a new construction single family home that sold for $4,999,000, located in the Shock Hill Subdivision in Breckenridge.

The average residential sales price has continued to climb and surpassed one million dollars in the month of February, now sitting at $1,061,863 for the month and $974,324 for the 3-month moving average. This is a 16% increase in average sales price compared to a year ago. The 3-month average price/square foot is now at $598, up 17% compared to last year. With limited inventory the average days on market continues to fall, now at 57 days for the 3-month average. The average residential list vs. sold price remained unchanged compared to January at 100%, this is an increase of 3% compared to a year ago.

As of March 3rd, there were 154 active listings in Summit County, of which 133 are residential and 21 are land. This is a decrease in inventory of 6% compared to a month ago and a 74% decrease compared to a year ago.

Data used in this write-up were collected from the MLS on 3/3/2021 


SUMMIT COUNTY MARKET STATS

January 2021

As we kickoff the New Year in Summit County we continue the trend of strong real estate numbers. In the first month of the year, we saw 109 residential transactions, totaling $101.44M in volume, a 35% increase in transactions and a 58% increase in volume compared to January of 2020. Land transactions were up 57% compared to a year ago with 11 closings during the past month.

The luxury market also continues to trend upward with 31 properties closed for over a million dollars, a 55% increase compared to a year ago. The highest sale was a Slifer Smith & Frampton listing that sold for $4,850,000, located in the Timber Trail Subdivision.

The 3-month average residential sales price continues to climb, now at $947,491, 17% higher than a year ago. The 3-month average price/square foot is now at $583, up 17% compared to last year. With limited inventory the average days on market continues to fall, sitting at 31 days for the month of January. The average residential list vs. sold price hit 100% in January.

As of February 3rd, there were 164 active listings in Summit County, of which 145 are residential and 19 are land. This is a decrease in inventory of 13% compared to a month ago and a 71% decrease compared to a year ago.

Data used in this write-up were collected from the MLS on 2/3/2021

 

SUMMIT COUNTY MARKET STATS

December 2020

Summit County closed out 2020 on a high note with record setting Real Estate numbers. In the last month of the year, we saw 195 residential transactions, totaling $181.45M in volume, a 13% increase in transactions and a 31% increase in volume compared to December of 2019. For the entire year, 2020 residential transactions were 20% higher than the previous year and volume for the year was approximately $1.95 billon, a 35% increase compared to 2019. $1million+ transactions year-to-date concluded with 51% more transactions than 2019.

The 3-month average residential sales price closed out the year at $931,240, 18% higher than the end of 2019. During the month of December, the average price/square foot hit an all-time record of $604, 25% higher than this time last year. The 3-month average for days on market for residential properties in December was down 12% compared to 2019, now at 64. The residential list vs. sold price 3-month average remains strong at 99%.

There were 25 land transactions during the month, more than double the number seen in December 2019. Year-to-date land transactions concluded with 215, the most land transactions ever seen in one year.

As of January 4th, there were 186 active listings in Summit County, of which 152 are residential and 34 are land. This is a decrease in inventory of 22% compared to the beginning of December, a 78% decrease compared to the peak inventory we saw at the beginning of July and a record low for the past 13 years. 

Data used in this write-up were collected from the MLS on 1/4/2021

November 2020

As we turn the corner towards the end of the year, record setting Real Estate continues in Summit County. In the month of November, we saw 237 residential transactions, totaling $232.58M in volume. This is a 40% increase in transactions and a 66% increase in volume compared to November of 2019. Additionally, we saw 83 transactions over $1M, an increase of 113% compared to last year. $1 million+ transactions year-to-date are 52% higher than 2019. The highest sale in November was for $4,000,000 located in the Juniata subdivision in Breckenridge.

The 3-month average sales price has climbed 2% since last month and now sits at $955,287, up 19% compared to November of last year. The 3-month average price/square foot has also increased, now at $540, an increase of 3% from October and 10% compared to November 2019. The average days on market for residential properties in November was down 29% compared to 2019, now at 58. The residential list vs. sold price 3-month average is now at 99%.

There were 31 land transactions during the month of November, an increase of 650% compared to the 4 transactions we saw in November of last year. Year-to-date, land transactions for 2020 are up 78%.

As of December 3rd, there were 238 active listings in Summit County of which 183 were residential and 55 were land.  This is a decrease in inventory of 19% compared to the beginning of November and a 72% decrease compared to the peak inventory we saw at the beginning of July. For all of Summit County, the first 3 days of December have already produced 26 closed transactions and 29 new pending transactions.

Data used in this write-up were collected from the MLS on 12/3/2020

The trend of record setting Real Estate in Summit County has continued through the month of October with 360 residential transactions totaling $317.4 in volume. This is a 3% increase in volume compared to last month and a 118% increase compared to October of 2019, more than double the volume we saw a year ago. Additionally, we saw 89 transactions over $1M, an increase of 117% compared 2019. $1 million+ transactions year-to-date are 44% higher than 2019. The highest sale in October was for $4,800,000 located in the Timber Trail subdivision in Breckenridge.

The 3-month average sales price now sits at $935,603, 14% higher than this time last year. The 3-month average price/square foot has also increased, now at $522/sq.ft., a 5% increase compared to 2019. The 3-month average for days on market for residential properties is 65. The residential list vs. sold price 3-month average has increased 1% and is now at 99%.

There were 31 land transactions during the month of October, an increase of 55% compared to 2019. Year-to-date, land transactions for 2020 are up 55% compared to 2019.

As of November 3rd, there were 294 active listings in Summit County of which 224 were residential and 70 were land. This is a decrease in inventory of 21% compared to the beginning of October and a 66% decrease compared to the peak inventory we saw at the beginning of July. For all of Summit County, the month of November has already produced 27 closed transactions and 20 new pending transactions.

Data used in this write-up were collected from the MLS on 11/3/2020

SUMMIT COUNTY MARKET STATS August 2020

August was another record setting month for Summit County real estate with 207 residential transactions totaling $272.1M in volume. This is a 38% increase in volume compared to August of 2019. Additionally, we saw 93 transactions over $1M, an increase of 60% compared to July 2019 and a 72% increase compared to last month. The highest sale was for $5,350,000, located in the Timber Trail subdivision in Breckenridge.

The average sales price for the month was $922,313, a 9% increase from last month and up 4% compared to August 2019. The average price/square foot for the month of August increased to $512/sq.ft., up 4% compared to July and even with August of 2019. The 3-month average for days on market for residential properties continues to decrease since the beginning to the year and now sits at 57. The residential list vs. sold price 3-month average has remained consistent for the last 6 months at 98%.

Land sales were at an all-time high for the month of August with 39 transactions, an increase of 290% compared to August 2019. Year-to-date, land transactions for 2020 are up 26% compared to 2019.

As of September 3rd, there were 536 active listings in Summit County of which 429 were residential and 107 were land. This is a decrease in inventory of 20% compared to the beginning of August and a decrease of 33% compared to the peak inventory we saw at the beginning of June. For all of Summit County, the month of August has already produced 19 closed transactions and 41 new pending transactions.

Data used in this write-up were collected from the MLS on 9/3/2020

SUMMIT COUNTY MARKET STATS
July 2020


The month of July concluded with 207 residential transactions totaling $175.5M in volume, the highest number of transactions and volume for the month of July in Summit County ever.  This is a 37% increase in volume compared to July of 2019. Additionally, we saw 54 transactions over $1M an increase of 59% compared to July 2019 and more than double the number of $1M+ transactions we saw last month. The highest sale was a Slifer Smith & Frampton listing that sold for $3,750,000, located in Breckenridge.

The average sales price for the month was $847,794, a 4% increase compared to June.  The average price/square foot for the month of July increased to $491/sq.ft., up 6% compared to June. The average days on market for residential properties for the month of July was 48, bringing the 3-month average down to 57, a decrease of 10% compared to last month’s 3-month average.  The residential list vs. sold price 3-month average remains unchanged at 98%.

As of August 3rd, there were 673 active listing in Summit County of which 546 are residential and 127 are land.  This is a decrease in inventory of 21% compared to the beginning of July and a decrease of 28% compared to beginning of August 2019. For all of Summit County, the month of August has already produced 26 closed transactions and 78 new pending transactions.

Data used in this write-up were collected from the MLS on 8/3/2020
 
 

SUMMIT COUNTY MARKET STATS
March 2020

Summit County Residential Real Estate transactions have stayed steady through the month of March. The month concluded with 92 residential transactions, an increase of 7% compared to March of last year, and up 3% compared to February. The average sales price for the past 3 months has continued to climb since the New Year and is currently at $854,476; this is just 1% lower than the average at this time last year. The 3-month average price/square foot continues to rise as well and is currently $559/sq.ft, up 3% from last month and 16% higher than March 2019.  The 3-month average for days on market for residential properties is 73, down 4% compared to last month’s average.  Also notable with the downward trend in DOM, we also saw an uptick of 1% in the residential sold vs list price 3-month average, now sitting at 98%.
 

Land transactions stayed consistent from February to March, with a total of 8 sales. This is equal to the number of land transactions we saw in March of 2019.  The luxury market saw twenty-six $1 million+ transactions in March, an increase of 15% compared to this time last year and an increase of 37% compared to 5 years ago. The highest sale in the month of March was $3,965,000, located in the Cottages at Shock Hill in Breckenridge.
 
 
As of April 2nd, the month has already produced 7 residential sales. As of this write-up, there were 675 active listings – 547 residential and 128 lands – a 14% increase in inventory compared to last year and a 15% increase compared to last month.


*Data used in this write-up were collected from the MLS on 4/2/2020*






SUMMIT COUNTY MARKET STATS
February 2020
 
As we head into Spring, Summit County Real Estate transactions are beginning to pick up. February ended with 89 residential transactions, while this is a 9% decrease from last year, transactions are up 10% compared to last month. The average sales price for the past 3 months has continued to climb since October and is currently $838,464; this is 1% higher than the average at this time last year. The 3-month average price/square foot is $513/sq.ft, which is up 3% from January and 8% higher than February 2019.  The 3-month average for days on market for residential properties is 76, 18% higher than the average a year ago, but has stayed consistent from January to February.
 
Land transactions are also slightly up this month, with a total of 8 sales. This is 14% increase compared to last year.  The luxury market saw twenty-five $1 million+ transactions in February, an increase of 19% compared to this time last year and an increase of 84% compared to 5 years ago. The two highest sales in the month of February were $4,600,000 and were both located on Peak 8 in Breckenridge.
 
The month of March has already produced 14 residential sales in just five days. As of this write-up, there were 588 active listings – 462 residential and 126 land – a 10% increase in inventory compared to last year and 41% decrease compared to 5 years ago.
SUMMIT COUNTY MARKET STATS
January 2020

At just over one month into the new year, Summit County real estate transactions have slowed down. January ended with 81 residential transactions, a 7% decrease from last year and over 50% decrease from last month. This drop in sales from December to January is consistent with the flow of the local market for the past 10 years.  The average sales price for the past 3 months is $811,344; this is just under last year’s average by 1%. The 3-month average price/square foot, however, is 5% higher than last year’s at $498/sq.ft. Overall, residential properties took 60 days to sell, on average, which is a 3% decrease from last year.

Land transactions slowed this month as well, with a total of 7 sales. This is 36% less compared to last year but falls just below the average (8) for the past 10 years. The luxury market saw twenty $1 million+ transactions in January, the exact same amount as last year. The highest sale was a Slifer Smith & Frampton listing located in the Highlands subdivision in Breckenridge. This 5-bed/4.5-bath, 4,011 square-foot single family home sold for $2,445,000.

February has already produced 16 residential sales and 1 land. There are 568 active listings currently – 434 residential and 134 land – a 10% increase in inventory compared to last year and 44% decrease compared to 5 years ago.

Data was collected from the MLS on 2/7/2020

 


 

To help keep you well informed in this ever changing marketplace, The Slifer Report offers a comprehensive look into market performance in each of our unique mountain communities.

Please feel free to contact me for more detailed information on any neighborhood within Summit County.
*Data gathered is from Land and Residential sales from 1.1.19 through 12.31.19.  Source of all data in this report is the Summit Association of Realtors Multiple Listing Service. Information is deemed reliable but not guaranteed.