Q4 2023 Market Report - Summit County

Page 1

YEAR-END 2023

Quarterly Market Report S U M M I T C O U N T Y, C O L O R A D O


AT A G L A N C E

Summit County

Jan - Dec

2023

% Change YTD 2022 vs 2023

Median Sold Price

$985,894

3.8%

Properties Sold

1,140

-9.6%

Average Days on Market

47

67.9%

Average Price per Sq. Ft.

$787

1.5%

% Sold Price, to List Price

98.0%

-1.0%

Data based on sales in Summit County, all residential properties.

2 | livsothebysrealty.com


MEDIAN SOLD PRICE January - December 2023

Total Sales Volume

$1,467,265,800

$1M $950k $900k $850k

2022 vs 2023 % Change

$800k

- 8.9%

Jan Feb Mar Apr May Jun

Jul

Aug Sep Oct Nov Dec

AV E R AG E DAYS O N M A R K E T January - December 2023 79 62

58

58 51

48 39

Jan

Feb

Mar

Apr

36

May

33

Jun

45

42

Aug

Sep

26

Jul

Oct

Nov

Dec

TOTA L SA L ES VO LU M E January - December 2023

$180M $150M $120M $90M

Jan Feb Mar Apr May Jun Jul

$127M

$133M

$146M

$168M

$174M

$135M

$97M

$105M

$123M

$81M

$12,000,000

$113M

Highest Sold Price

$62M

$60M

Aug Sep Oct Nov Dec

Based on Information from Summit Association of Realtors® for the period January 1st, 2023 - December 31st, 2023 (Powered by LiveBy). 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 refl ect all real estate activity in the market.

January - December 2023 | 3


Summit County Summit County, with the resorts of Breckenridge, Copper Mountain, and Keystone, is a winter adventure lovers paradise. Skiing, snowboarding, snowshoeing, and cross-country skiing are all winter activities many Coloradans like to take part in. During summer, Summit County offers boating and fishing on Dillon Reservoir, and there are plenty of opportunities for biking. As a year-round destination, it’s no wonder home sales in Summit County stayed strong in 2023.

4 | livsothebysrealty.com


Properties Sold

Median Sold Price

Average Days on Market

Breckenridge

226

$1,098,500

65

Live Data

Copper Mountain

49

$894,000

40

Live Data

Keystone

146

$880,000

51

Live Data

Frisco

117

$1,000,000

36

Live Data

Silverthorne

176

$1,187,500

35

Live Data

Dillon

58

$785,750

25

Live Data

Live Data

Click for Live Data

Click for Community Data

January - December 2023 | 5


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ColoradoMarketReports.com © 2024 LIV Sotheby’s International Realty. All Rights Reserved. LIV Sotheby’s International Realty® is a registered trademark and used with permission. Each Sotheby’s International Realty office is independently owned and operated, except those operated by Sotheby’s International Realty, Inc. This material is based upon information which we consider reliable but because it has been supplied by third parties, we cannot represent that it is accurate or complete and it should not be relied upon as such. If your property is listed with a real estate broker, please disregard. It is not our intention to solicit the offerings of other real estate brokers. We are happy to work with them and cooperate fully. Equal Housing Opportunity.


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