MICROMARKET REPORT |
Summit County • Q3 2019
SUMMIT COUNTY 4
5
1. Breckenridge 6
2.
Copper Mountain
3. Frisco
3
4. Silverthorne 5. Dillon 6. Keystone 2 1
Pictured on cover: 417 Gold Run Road, Breckenridge
coloradomicroreports.com
SUMMIT COUNTY market update Summit County holds some of Colorado’s most popular mountain and ski resort towns. People from around the country and across the world come to the area’s towns, which include Breckenridge, Copper Mountain, Keystone, Frisco, Dillon, and Silverthorne, to ski, hike, bike, and just enjoy the lifestyle these communities provide. Located just a few hours from bustling downtown Denver, these towns offer a seasonal escape from the city for many, while others opt to make these picturesque towns their full-time residence. LIV Sotheby’s International Realty produces a Micro Market Report focused on real estate for Summit County and the neighborhoods within it. From January to September of this year, compared to the same time span of 2018, the average price of homes in Summit County increased by 10.3%, making the average listing price $840,454 for 2019. What’s more, the total dollar volume sold in the county also increased by 2.6% this year. Highlights from Summit County include notable increases in average price for homes in Copper Mountain. Properties listed in this area rose in price by 27.9%, with an average price of $694,546, compared to last year when the average price was $543,246. Silverthorne and Wildernest saw speedier sales with average days on market decreasing by 16.7%. The typical amount of time a home in those towns will spend on the market is now 35 days as compared to 42 days during the same time frame last year.
SUMMIT COUNTY January through September Sold Listings (All Properties)
2018
2019
% Change
1,325
1,233
-6.9%
Sold Single Family
402
363
-9.7%
Sold Condos/TH/DP
923
870
-5.7%
48
52
8.3%
$762,122
$840,454
10.3%
98%
98%
0.0%
$1,009,811,224
$1,036,279,906
2.6%
Average Days on Market Average Price % Sold Price to List Price Total Dollar Volume Sold
All Properties
Summit County is the ideal place to live for those who want to enjoy the mountains without being too far “off the grid,” and the increasing popularity and active real estate market reflect that.
resorts.livsothebysrealty.com
Based on Information from SAR MLS. This representation is based in whole or in part on data supplied by SAR MLS. SAR MLS does not guarantee nor is in any way responsible for its accuracy. Data maintained by SAR MLS may not reflect all real estate activity in the market.
MICROMARKET REPORT | Summit County 2019 • COLORADOMICROREPORTS.COM
BRECKENRIDGE/BLUE RIVER January through September Average Price
2018 $926,080
$1,168,743
26.2%
$525
$577
9.9%
57
70
22.8%
$4,700,000
$10,100,000
114.9%
504
425
-15.7%
98%
98%
-0.2%
Average Price per Square Foot Average Days on Market Highest Price
% Change
2019
Properties Sold % Sold Price to List Price All Properties
192 Emmett Lode, Breckenridge
BRECKENRIDGE January through September
2018
2019
Average Price
$1,347,303
$1,692,734
25.6%
$422
$464
9.9%
77
92
19.5%
$4,700,000
$10,100,000
114.9%
191
182
-4.7%
97%
97%
0.1%
Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
% Change
Breckenridge Ski Resort, 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 September
2018
Average Price
$669,040
$776,290
16.0%
$588
$661
12.5%
45
55
22.2%
$2,750,000
$2,835,628
3.1%
313
243
-22.4%
98%
98%
-0.3%
Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
% Change
2019
Condos, Townhomes, Duplexes 159 Sage Drive, Breckenridge
coloradomicroreports.com
FRISCO January through September Average Price
2018 $818,489
$729,445
-10.9%
$480
$509
6.1%
34
332
876.5%
$2,300,000
$2,099,000
-8.7%
127
132
3.9%
98%
99%
0.5%
Average Price per Square Foot Average Days on Market Highest Price
% Change
2019
Properties Sold % Sold Price to List Price All Properties 156 South 4th Avenue, Frisco
FRISCO
23.3%
January through September
2018
2019
Average Price
$1,269,119
$1,170,314
-7.8%
$443
$463
4.4%
45
48
6.7%
$2,300,000
$2,099,000
-8.7%
38
28
-26.3%
97%
97%
0.1%
Average Price per Square Foot Average Days on Market
The highest price for condos, townhomes, and duplexes in Frisco increased by 23.3% January through September 2019 compared to that of 2018.
Highest Price Properties Sold % Sold Price to List Price
% Change
Single Family Homes
FRISCO January through September Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2018
% Change
2019
$626,085
$610,749
-2.4%
$496
$522
5.2%
29
30
3.4%
$1,338,275
$1,650,000
23.3%
89
104
16.9%
99%
99%
0.6%
Condos, Townhomes, Duplexes 318 South 8 Avenue, Frisco th
MICROMARKET REPORT | Summit County resorts.livsothebysrealty.com
2019 • COLORADOMICROREPORTS.COM
DILLON/SUMMIT COVE January through September Average Price
2018 $558,243
$556,029
-0.4%
$376
$414
10.1%
23
36
56.5%
$1,555,000
$2,300,000
47.9%
123
159
29.3%
99%
98%
-0.4%
Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
47.9%
% Change
2019
The highest price for all properties in Dillon/Summit Cove increased by 47.9% January through September 2019 compared to that of 2018.
All Properties
DILLON/SUMMIT COVE January through September Average Price
2018 $878,901
$892,116
1.5%
$307
$326
6.1%
39
50
28.2%
$1,555,000
$2,300,000
47.9%
39
44
12.8%
98%
97%
-0.8%
Average Price per Square Foot Average Days on Market Highest Price
% Change
2019
Properties Sold % Sold Price to List Price
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 September Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2018
% Change
2019
$409,366
$427,439
4.4%
$408
$448
4.4%
15
30
100.0%
$1,150,000
$900,000
-21.7%
84
115
36.9%
99%
99%
-0.5%
Condos, Townhomes, Duplexes 74 Telluride Court, Dillon
coloradomicroreports.com
SILVERTHORNE/WILDERNEST January through September
2018
Average Price
$678,466
$699,887
3.2%
$373
$397
6.4%
42
35
-16.7%
$2,765,000
$2,450,000
-11.4%
269
276
2.6%
99%
98%
-0.6%
Average Price per Square Foot Average Days on Market Highest Price
% Change
2019
Properties Sold % Sold Price to List Price All Properties 195 Arnica Lane, Silverthorne
9.8%
January through September 2019 the average price for single family homes in Silverthorne/Wildernest increased by 9.8% compared to that of 2018.
SILVERTHORNE/WILDERNEST January through September
2018
Average Price
$957,230
$1,051,459
9.8%
$365
$375
2.7%
62
46
-25.8%
$2,450,000
$2,450,000
0.0%
108
91
-15.7%
98%
97%
-0.9%
Average Price per Square Foot Average Days on Market Highest Price
% Change
2019
Properties Sold % Sold Price to List Price Single Family Homes
SILVERTHORNE/WILDERNEST January through September
2018
Average Price
Silverthorne, the second most populous town in Summit County, is beautifully situated between the Gore Range and Continental Divide.
Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
% Change
2019
$491,470
$526,952
7.2%
$379
$408
7.8%
29
29
0.0%
$2,765,000
$1,175,000
-57.5%
161
185
14.9%
99%
99%
-0.5%
Condos, Townhomes, Duplexes
MICROMARKET REPORT | Summit County resorts.livsothebysrealty.com
2019 • COLORADOMICROREPORTS.COM
KEYSTONE January through September Average Price
2018 $642,362
$665,830
3.7%
$493
$506
2.8%
56
54
-3.6%
$3,050,000
$3,450,000
13.1%
241
198
-17.8%
98%
98%
-0.4%
Average Price per Square Foot Average Days on Market Highest Price
% Change
2019
Properties Sold % Sold Price to List Price All Properties
53 Hunkidori Court, Keystone
KEYSTONE January through September
2018
2019
Average Price
$1,523,439
$1,614,013
5.9%
$378
$399
5.5%
114
115
0.9%
$3,050,000
$3,450,000
13.1%
24
16
-33.3%
96%
97%
1.0%
Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
% Change
Keystone Resort ski area 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 September Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price Condos, Townhomes, Duplexes
2018
% Change
2019
$544,916
$582,474
6.9%
$505
$516
2.0%
49
48
-2.0%
$1,300,000
$1,355,000
4.2%
217
182
-16.1%
99%
98%
-0.5%
6.9%
The average price of condos, townhomes and duplexes in Keystone increased by 6.9% in January through September 2019 compared to that of 2018.
coloradomicroreports.com
20.7%
The highest price in Copper Mountain increased by 20.7% in January through September 2019 compared to that of 2018.
COPPER MOUNTAIN January through September
2018
Average Price
$543,246
$694,546
27.9%
$544
$560
2.9%
51
81
58.8%
$2,800,000
$3,380,000
20.7%
61
43
-29.5%
98%
97%
-0.6%
Average Price per Square Foot Average Days on Market Highest Price
% Change
2019
Properties Sold % Sold Price to List Price All Properties
COPPER MOUNTAIN January through September
2018
Average Price
$2,689,250
$3,215,000
19.6%
$573
$547
-4.5%
397
385
-3.0%
$2,800,000
$3,380,000
20.7%
2
2
0.0%
111%
98%
-11.8%
Average Price per Square Foot Average Days on Market Highest Price
% Change
2019
Properties Sold % Sold Price to List Price Single Family Homes 884 Beeler Place, Copper Mountain
COPPER MOUNTAIN January through September
2018
Average Price
Copper Mountain is conveniently located just 75 miles from Denver and boasts 2,490 acres of ski terrain.
Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
% Change
2019
$470,500
$571,597
21.5%
$543
$561
3.2%
40
66
65.0%
$1,167,500
$1,830,000
56.7%
59
41
-30.5%
97%
97%
-0.2%
Condos, Townhomes, Duplexes
MICROMARKET REPORT | Summit County resorts.livsothebysrealty.com
2019 • COLORADOMICROREPORTS.COM
WHY COLORADO?
NATIONAL PARKS: 4
MOUNTAIN RANGES: 7
AVERAGE DAYS OF SUNSHINE ANNUALLY: 300
SKI AREAS & RESORTS: 28
CRAFT BREWERIES: 350+
LIV SOTHEBY’S INTERNATIONAL REALTY
RESORT REPORT
Interested in learning about other resort markets? Visit coloradomarketreports.com
The life you love.
resorts.livsothebysrealty.com | coloradomicroreports.com Based on Information from SAR MLS. This representation is based in whole or in part on data supplied by SAR MLS. SAR MLS does not guarantee nor is in any way responsible for its accuracy. Data maintained by SAR MLS may not reflect all real estate activity in the market.