Summit County MARKET UPDATE

Founded in 1861, Summit County is best known for skiing. It’s home to Breckenridge, Keystone, Copper Mountain, and Arapahoe Basin resorts. Offering sweeping mountain vistas, access to Lake Dillon for boating and recreation, it’s just short drive to Denver.

The real estate market in Summit County showed stabilization after the record-breaking sales volume in 2020-2021. During the first quarter of 2023, sold listings throughout the county declined 18.3% when compared to 2022. Breckenridge had a 3.7% increase in average sold price from $1,767,953 to $1,833,451. The price per square foot declined 3.5% to $854. In Frisco, the average sold price was down 14.1% from $1,586,913 to $1,363,188. Frisco’s price per square foot held steady at $772.

The communities of Dillon and Summit Cove saw a 1.5% rise in average sold price from $858,318 to $871,200. Keystone remained popular for skiers and homebuyers alike, with a 26.1% jump in average sold price from $907,092 to $1,143,737. The average price per square foot increased as well, up 18.8% from $724 to $860. Copper Mountain’s properties increased 13.4% in average sold price from $1,096,625 to $1,243,877.

With properties ranging from ski-in, ski-out mountain homes to secluded retreats, Summit County continues to offer a variety of desirable options for both full-time residents and buyers in the market for vacation homes.

Summit County

3.7%

The average price in Breckenridge increased by 3.7% January through March 2023 compared to that of 2022.

From historic Main Street where dozens of shops and restaurants can be enjoyed, to legendary snow skiing, to scenic summers, Breckenridge has all the hallmarks of a storied mountain retreat. But it’s the lifestyle Breckenridge provides that is as distinctive and alluring as the Ten Mile Range that surrounds this historic mountain town.

14.1%

The average price in Frisco decreased by 14.1% January through March 2023 compared to that of 2022.

Founded in 1873, Frisco, Colorado is located just 70 miles west from Denver and is affectionately known by locals as the “Main Street of the Rockies”. This quaint and historic Colorado mountain town offers an abundance of activities to do year-round. Ideally situated near four ski resorts in Breckenridge, Keystone, Copper Mountain

12.2%

The average price per square foot in Dillon/Summit Cove decreased by 12.2% January through March 2023 compared to that of 2022.

The Town of Dillon is a little Colorado mountain town that’s big on outdoor activities. Summertime is when Dillon comes to life as it offers a variety of activities to enjoy including the annual Dillon Farmer’s Market, concerts and theater productions at the Dillon Amphitheater, live music on the water, and fun-filled days on Lake Dillon.

15.9%

The percentage of properties sold in Silverthorne/Wildernest increased by 15.9% January through March 2023 compared to that of 2022.

Located in the heart of Summit County and cradled in the Blue River Valley, Silverthorne is the quintessential Colorado mountain town. Silverthorne is situated amidst the world’s winter playgrounds, while being surrounded by the majestic Rocky Mountains which makes it the perfect location for yearround adventure.

26.1%

The average price in Keystone increased by 26.1% January through March 2023 compared to that of 2022.

Keystone, Colorado, founded in 1970 and nestled between three separate mountains, is home to Keystone Resort, an alpine ski resort. The resort features five expert bowls and 131 slopes on 3,000 acres that includes tree skiing, smooth cruisers, mogul-covered runs as well as wide groomers for skiers and snowboards of all ability levels to enjoy.

20.3%

The average price per square foot in Copper Mountain increased by 20.3% January through March 2023 compared to that of 2022.

Copper Mountain is located just 75 miles west of Denver and like most of the other notable areas of Summit County, Colorado, it is most known for its world-class ski resort. The resort features over 2,500 acres of naturally divided terrain catering to all skill levels, as well as terrain parks and the Woodward Barn Half Pipe where the world’s best skiers and riders compete to be the best.