SUMMIT COUNTY LUXURY MARKET

Boasting world-class skiing at Breckenridge, Keystone, and Copper Mountain resorts, Summit County is also renowned for hiking, mountain biking, and boating on Lake Dillon. These mountain communities continue to be a desirable real estate destination.

Summit County saw a slight decrease in the number of luxury properties sold after a stellar sales year in 2021. In 2022, 230 homes were sold, which was a 7.3% dip from the 248 homes sold in 2021. However, average price per square foot county-wide increased 6.7% from $790 to $843.

Breckenridge, known for its Victorian buildings lining the downtown streets and varied ski terrain on Peak 6 – Peak 10, had a 13.8% increase in the price per square foot of luxury properties, from $769 in 2021 to $875 in 2022. The average list price was down slightly, from $3,595,902 to $3,528,620 over the previous year.

In Copper Mountain, the price per square foot was $783, up 24% from $628 in 2021. This community also had a 41% uptick in the highest priced property sold, with the top home at $5,431,074. By comparison, the highest priced home in 2021 was $3,850,000.

The number of luxury homes sold in Keystone was 13 in 2022, down just slightly from 14 homes sold in 2021. The price per square foot was $709, up 25% from $567 in 2021. Keystone’s highest priced home sold for $4,375,000, up from $4,025,000 in 2021.

394.5%

The total dollar volume in Copper Mountain increased by 394.5% in 2022 compared to that of 2021.