MICROMARKET REPORT
SUMMIT COUNTY |
Q1 2020
SUMMIT COUNTY
TOWNS & NEIGHBORHOODS 1.
Breckenridge
2. Copper Mountain 3. Frisco
4
4. Silverthorne
5
5. Dillon 6. Keystone
6
3
2 1
Pictured on cover: 301 Raven Golf Lane, Silverthorne
coloradomicroreports.com
SUMMIT COUNTY MARKET UPDATE
Summit County is a special place. It serves as a nearby mountain escape for those living in the flatlands and a thriving resort community to those who call it home. Housing some of Colorado’s most famous mountain peaks and ski resorts, the towns that makeup Summit County, including Breckenridge, Copper Mountain, Keystone, Frisco, Dillon, and Silverthorne, are perfectly positioned to provide outdoor adventures paired with plenty of community culture. Tastetest local cuisine, admire works of art created by community craftsmen or be entertained at any number of seasonal festivals and events in these lively mountain towns. It’s no wonder Summit County is such a popular destination to invest in seasonal and full-time homes. LIV Sotheby’s International Realty produces a Micro Market Report focused on real estate for Summit County and the neighborhoods within it. During Q1 of 2020, compared to the same time frame of 2019, the number of sold condominiums, townhomes, and duplexes increased by 3.8%. From January through March of this year, 190 condominiums, townhomes, and duplexes homes sold in comparison to Q1 of 2019 when 183 sold.
SUMMIT COUNTY January through March Sold Listings (All Properties) Sold Single Family Sold Condos/TH/DP Average Days on Market Average Price % Sold Price to List Price Total Dollar Volume Sold
2019
2020
% Change
269
262
-2.6%
86
72
-16.3%
183
190
3.8%
68
74
8.8%
$861,119
$854,968
-0.7%
98.1%
97.7%
-0.4%
$231,641,047
$224,001,535
-3.3%
All Properties
Out of all towns within Summit County, Breckenridge saw the largest increase in total properties sold, rising by 29.3%. During Q1 of this year, 119 homes were sold in this extremely popular resort community compared to Q1 of the previous year when 92 homes sold. On a smaller scale, condominiums, townhomes, and duplex sales rose the most in this town as well. Total sales for condominiums, townhomes, and duplexes increased by an impressive 71.7% during Q1 of 2020 when 79 homes sold compared to Q1 of 2019 when 46 homes sold. Single family homes in Frisco sold much more quickly during Q1 of 2020 than they did in Q1 of 2019. According to the LIV Sotheby’s International Realty Micro Market Report, the average days on market fell by 86.1%. Single family homes in Frisco were on the market for an average of just 11 days during Q1 of this year, compared to 79 days in Q1 of 2019. Enjoy the fresh air, friendly community, and fun activities that Summit County has to offer. This area is one that you’ll want to call home.
Based on Information from Summit Association of Realtors®. This representation is based in whole or in part on data supplied by Summit Association of Realtors®. Summit Association of Realtors® does not guarantee nor is in any way responsible for its accuracy. Data maintained by Summit Association of Realtors® may not reflect all real estate activity in the market.
MICROMARKET REPORT | Summit County resorts.livsothebysrealty.com
JANUARY - MARCH 2020 • COLORADOMICROREPORTS.COM
BRECKENRIDGE January through March
2019
Average Price
$1,201,207
$1,044,749
-13.0%
$543
$603
11.1%
92
73
-20.7%
$4,800,000
$4,600,000
-4.2%
92
119
29.3%
97.4%
97.2%
-0.2%
Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2020
% Change
All Properties
230 Campion Trail, Breckenridge
BRECKENRIDGE January through March Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2019
2020
Breckenridge Ski Resort,
% Change
$1,607,421
$1,583,894
-1.5%
$440
$492
11.8%
125
103
-17.6%
$4,800,000
$4,600,000
-4.2%
46
40
-13.0%
96.4%
96.0%
-0.4%
ranked by annual skier visits, is the second most visited ski resort in the United States and offers 34 lifts, 187 trails, and 2,327 acres of Colorado’s finest terrain.
Single Family Homes
BRECKENRIDGE January through March Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
159 Sage Drive, Breckenridge
2019
2020
% Change
$794,993
$771,765
-2.9%
$646
$659
2.1%
58
58
0.0%
$2,500,000
$2,525,000
1.0%
46
79
71.7%
98.5%
97.9%
-0.6%
Condominiums, Townhomess, Duplexes and Triplexes
coloradomicroreports.com
FRISCO January through March
2019
46.3%
% Change
$580,251
$848,730
46.3%
$511
$530
3.6%
48
30
-37.5%
$1,890,000
$1,315,000
-30.4%
The average price for all properties in Frisco
29
25
-13.8%
increased by 46.3% in 2020 compared to
99.8%
98.1%
-1.7%
that of 2019.
Average Price Average Price per Square Foot Average Days on Market Highest Price
2020
Properties Sold % Sold Price to List Price All Properties
FRISCO
Frisco is the Main Street to the Rockies, located at the epicenter of Summit
January through March
2019
Average Price
$1,142,500
$970,000
-15.1%
$377
$494
31.0%
79
11
-86.1%
$1,890,000
$1,300,000
-31.2%
4
2
-50.0%
93.3%
96.5%
3.5%
Average Price per Square Foot
County, just 30 minutes
Average Days on Market
from 6 world class ski
Highest Price
resorts including Copper
Properties Sold
Mountain, Breckenridge
% Sold Price to List Price
and Vail.
2020
% Change
Single Family Homes
FRISCO January through March
2019
% Change
$490,291
$838,185
71.0%
$532
$533
0.1%
43
32
-25.6%
$1,250,000
$1,315,000
5.2%
25
23
-8.0%
100.9%
98.3%
-2.5%
Average Price Average Price per Square Foot Average Days on Market Highest Price
2020
Properties Sold % Sold Price to List Price Condominiums, Townhomess, Duplexes and Triplexes
622 Teller Street Aly B, Frisco
MICROMARKET REPORT | Summit County resorts.livsothebysrealty.com
JANUARY - MARCH 2020 • COLORADOMICROREPORTS.COM
3.0%
DILLON/SUMMIT COVE January through March
2019
Average Price
$558,188
-0.7%
$389
$401
3.0%
44
51
15.9%
$1,290,000
$1,275,000
-1.2%
31
20
-35.5%
97.9%
97.7%
-0.3%
Average Days on Market Highest Price
properties in Dillon increased by 3.0% in
Properties Sold
2020 compared to that of 2019
% Sold Price to List Price
% Change
$562,135
Average Price per Square Foot
The average price per square foot for all
2020
All Properties
DILLON/SUMMIT COVE January through March Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2019
2020
% Change
$802,607
$999,500
24.5%
$315
$296
-5.8%
77
44
-42.9%
$1,290,000
$1,275,000
-1.2%
12
3
-75.0%
97.0%
98.7%
1.7%
Dillon is located in the heart of Summit County along the shores of the beautiful Dillon Reservoir, or more commonly known as Lake Dillon.
Single Family Homes
DILLON/SUMMIT COVE January through March Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
301 Raven Golf Lane, Silverthorne
2019
2020
% Change
$410,258
$480,309
17.1%
$437
$420
-3.9%
23
52
126.1%
$680,000
$915,000
34.6%
19
17
-10.5%
98.5%
97.5%
-1.0%
Condominiums, Townhomess, Duplexes and Triplexes
coloradomicroreports.com
SILVERTHORNE/WILDERNEST January through March
2019
17.4%
% Change
$661,322
$776,175
17.4%
$387
$444
14.8%
37
75
102.7%
$2,450,000
$2,105,000
-14.1%
The average price for all properties in the
55
54
-1.8%
neighborhood of Silverthorne and Wildernest
98.4%
99.0%
0.6%
increased by 17.4% in 2020 compared to that
Average Price Average Price per Square Foot Average Days on Market Highest Price
2020
Properties Sold % Sold Price to List Price
of 2019.
All Properties
SILVERTHORNE/WILDERNEST Silverthorne, the second
January through March
most populous town
Average Price
in Summit County, is
Average Price per Square Foot
beautifully situated
Average Days on Market
between the Gore Range
Highest Price
and Continental Divide.
Properties Sold % Sold Price to List Price
2019
2020
% Change
$1,134,344
$1,116,519
-1.6%
$340
$414
21.7%
62
69
11.3%
$2,450,000
$2,105,000
-14.1%
16
22
37.5%
97.5%
98.9%
1.5%
Single Family Homes
SILVERTHORNE/WILDERNEST January through March
2019
Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2020
% Change
$467,261
$542,188
16.0%
$406
$464
14.5%
27
79
192.6%
$939,000
$1,019,496
8.6%
39
32
-17.9%
98.7%
99.0%
0.3%
Condominiums, Townhomess, Duplexes and Triplexes
535 Straight Creek Drive #304, Dillon
MICROMARKET REPORT | Summit County resorts.livsothebysrealty.com
JANUARY - MARCH 2020 • COLORADOMICROREPORTS.COM
KEYSTONE January through March Average Price
2019
$603,984
-25.1%
$492
$521
6.0%
72
115
59.7%
$3,450,000
$1,500,000
-56.5%
53
32
-39.6%
98.5%
97.4%
-1.2%
Average Days on Market
Properties Sold % Sold Price to List Price
% Change
$806,865
Average Price per Square Foot
Highest Price
2020
All Properties
135 Dercum Drive #8573, Keystone
KEYSTONE January through March
2019
Average Price
$1,754,065
$1,110,400
-36.7%
$397
$338
-15.0%
136
111
-18.4%
$3,450,000
$1,500,000
-56.5%
7
5
-28.6%
97.4%
93.7%
-3.8%
Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2020
Keystone Resort ski area
% Change
offers access to three separate mountains, Dercum Mountain, North Peak, and The Outback, and provides visitors with numerous winter and summer outdoor activities.
Single Family Homes
KEYSTONE January through March Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2019
2020
% Change
$662,725
$510,204
-23.0%
$506
$555
9.7%
62
115
85.5%
$1,310,000
$870,000
-33.6%
46
27
-41.3%
98.7%
98.0%
-0.7%
Condominiums, Townhomess, Duplexes and Triplexes
26 Rasor Drive #26, Keystone
coloradomicroreports.com
COPPER MOUNTAIN January through March
2019
37.5%
% Change
$860,000
$504,450
-41.3%
$558
$594
6.5%
144
90
-37.5%
$3,380,000
$739,000
-78.1%
The average days on market for all
9
12
33.3%
properties in Copper Mountain decreased by
97.0%
97.3%
0.3%
37.5% in 2020 compared to that of 2019.
Average Price Average Price per Square Foot Average Days on Market Highest Price
2020
Properties Sold % Sold Price to List Price All Properties
COPPER MOUNTAIN January through March
2019
Copper Mountain is
Average Price
$3,380,000
-
-100.0%
conveniently located just
Average Price per Square Foot
$576
-
-100.0%
75 miles from Denver and
Average Days on Market
550
-
-100.0%
boasts 2,490 acres of ski
Highest Price
$3,380,000
-
-100.0%
terrain.
Properties Sold
1
No Sales
-100.0%
99.7%
-
-100.0%
% Sold Price to List Price
2020
% Change
Single Family Homes
COPPER MOUNTAIN January through March
2019
% Change
$545,000
$504,450
-7.4%
$556
$594
7.0%
94
90
-4.3%
$1,400,000
$739,000
-47.2%
8
12
50.0%
96.7%
97.3%
0.7%
Average Price Average Price per Square Foot Average Days on Market Highest Price
2020
Properties Sold % Sold Price to List Price Condominiums, Townhomess, Duplexes and Triplexes
882 Beeler Place, Copper Mountain
MICROMARKET REPORT | Summit County resorts.livsothebysrealty.com
JANUARY - MARCH 2020 • COLORADOMICROREPORTS.COM
The life you love.
resorts.livsothebysrealty.com | coloradomicroreports.com Based on Information from Summit Association of Realtors速. This representation is based in whole or in part on data supplied by Summit Association of Realtors速. Summit Association of Realtors速 does not guarantee nor is in any way responsible for its accuracy. Data maintained by Summit Association of Realtors速 may not reflect all real estate activity in the market.
