Micro Market Report
SUMMIT COUNTY, COLORADO
86 Gold Hill Lane 117 Willow Lane YEAR END 2022
Summit County MARKET UPDATE
Home to Breckenridge, Keystone, Copper Mountain, and Arapahoe Basin resorts, Summit County is renowned for its world-class ski slopes and is easily accessible from the Front Range cities of Boulder and Denver. Its location just west of the Continental Divide, surrounded by some of the highest peaks in Colorado’s Rockies, provides abundant snowfall for winter activities.
Summit County’s communities saw a more balanced year of real estate transactions in 2022. Total sales volume throughout the county dipped 27% after record-breaking numbers in 2020-2021. The average county-wide sales price increased 13.6% as buyers sought out properties amid lower inventory.
Copper Mountain had the highest increase in average price, up 41.6% to $1.07 million compared to the previous year. The average price for properties in Keystone was up 20% to $1.01 million and the price per square foot increased 22.5% to $813.
Frisco’s average price was up 20.8% to $1.26 million as that town continues to see more interest from buyers.
As more people look for primary residences and vacation homes with access to the wilderness just a short drive from Denver, Summit County’s unique neighborhoods continue to offer the mountain lifestyle sought by many buyers.
SUMMIT COUNTY
coloradomicroreports.com
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.
January through December 2021 2022 % Change Sold Listings (All Properties) 2,137 1,360 -36.4% Sold Single Family 648 427 -34.1% Sold Condos/TH/DP 1,498 934 -37.7% Average Days on Market 28 27 -3.6% Average Price $1,136,510 $1,290,984 13.6% % Sold Price to List Price 101.0% 99.5% -1.5% Total Dollar Volume Sold $2,561,839,080 $1,860,239,460 -27.4% All Properties
MICRO MARKET REPORT | Summit County JANUARY - DECEMBER 2022 • COLORADOMICROREPORTS.COM livsothebysrealty.com
SUMMIT COUNTY NEIGHBORHOODS
3 5 4 6 2 1
1. Breckenridge 2. Copper Mountain 3. Frisco 4. Silverthorne 5. Dillon 6. Keystone
11.5%
The average price in Breckenridge increased by 11.5% January through December 2022 compared to that of 2021.
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.
BRECKENRIDGE BRECKENRIDGE BRECKENRIDGE Single Family Homes January through December 2021 2022 % Change Average Price $2,186,868 $2,355,647 7.7% Average Price per Square Foot $648 $747 15.3% Average Days on Market 38 39 2.6% Highest Price $17,000,000 $12,200,000 -28.2% Properties Sold 344 202 -41.3% % Sold Price to Original List Price 99.5% 97.5% -2.0% All Properties January through December 2021 2022 % Change Average Price $1,513,787 $1,687,378 11.5% Average Price per Square Foot $768 $873 13.6% Average Days on Market 32 35 9.4% Highest Price $17,000,000 $12,200,000 -28.2% Properties Sold 797 432 -45.8% % Sold Price to Original List Price 99.8% 98.2% -1.7%
Condominiums, Townhomes, Duplexes and Triplexes January through December 2021 2022 % Change Average Price $1,002,662 $1,100,463 9.8% Average Price per Square Foot $859 $983 14.4% Average Days on Market 27 31 14.8% Highest Price $4,150,000 $4,400,000 6.0% Properties Sold 453 230 -49.2% % Sold Price to Original List Price 100.0% 98.7% -1.3%
14.3%
The average price per square foot in Frisco increased by 14.3% January through December 2022 compared to that of 2021.
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 and Arapahoe Basin, the Town of Frisco attracts skiers and riders from all over the world.
FRISCO FRISCO FRISCO Single Family Homes January through December 2021 2022 % Change Average Price $1,858,784 $1,841,272 -0.9% Average Price per Square Foot $674 $716 6.3% Average Days on Market 11 37 236.4% Highest Price $3,300,000 $3,250,000 -1.5% Properties Sold 36 31 -13.9% % Sold Price to Original List Price 100.4% 96.1% -4.3% All Properties January through December 2021 2022 % Change Average Price $1,046,555 $1,263,929 20.8% Average Price per Square Foot $688 $787 14.3% Average Days on Market 10 20 100.0% Highest Price $3,300,000 $3,250,000 -1.5% Properties Sold 200 133 -33.5% % Sold Price to Original List Price 101.6% 100.1% -1.4% Condominiums, Townhomes, Duplexes and Triplexes January through December 2021 2022 % Change Average Price $868,261 $1,088,461 25.4% Average Price per Square Foot $691 $808 16.9% Average Days on Market 10 15 50.0% Highest Price $2,085,000 $2,450,000 17.5% Properties Sold 164 102 -37.8% % Sold Price to Original List Price 101.8% 101.3% -0.5%
22.3%
The average price per square foot in Dillon/Summit Cove increased by 22.3% January through December 2022 compared to that of 2021.
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.
DILLON/SUMMIT COVE DILLON/SUMMIT COVE DILLON/SUMMIT COVE Single Family Homes January through December 2021 2022 % Change Average Price $1,296,438 $1,346,256 3.8% Average Price per Square Foot $491 $563 14.6% Average Days on Market 20 24 20.0% Highest Price $3,500,000 $2,040,000 -41.7% Properties Sold 58 36 -37.9% % Sold Price to Original List Price 102.3% 100.0% -2.2% All Properties January through December 2021 2022 % Change Average Price $801,656 $901,905 12.5% Average Price per Square Foot $560 $686 22.3% Average Days on Market 12 19 58.3% Highest Price $3,500,000 $2,475,000 -29.3% Properties Sold 223 134 -39.9% % Sold Price to Original List Price 102.2% 100.7% -1.5% Condominiums, Townhomes, Duplexes and Triplexes January through December 2021 2022 % Change Average Price $627,733 $738,674 17.7% Average Price per Square Foot $585 $730 25.0% Average Days on Market 10 17 70.0% Highest Price $1,605,000 $2,475,000 54.2% Properties Sold 165 98 -40.6% % Sold Price to Original List Price 102.2% 100.9% -1.3%
62.5%
The highest price in Silverthorne/ Wildernest increased by 62.5% January through December 2022 compared to that of 2021.
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.
SILVERTHORNE/WILDERNEST SILVERTHORNE/WILDERNEST SILVERTHORNE/WILDERNEST Single Family Homes January through December 2021 2022 % Change Average Price $1,503,302 $1,909,891 27.0% Average Price per Square Foot $533 $617 15.8% Average Days on Market 29 39 34.5% Highest Price $3,999,000 $6,500,000 62.5% Properties Sold 177 135 -23.7% % Sold Price to Original List Price 101.3% 100.3% -1.0% All Properties January through December 2021 2022 % Change Average Price $978,663 $1,192,455 21.8% Average Price per Square Foot $551 $617 11.9% Average Days on Market 31 31 0.0% Highest Price $3,999,000 $6,500,000 62.5% Properties Sold 514 361 -29.8% % Sold Price to Original List Price 102.2% 100.2% -2.0% Condominiums, Townhomes, Duplexes and Triplexes January through December 2021 2022 % Change Average Price $703,111 $763,899 8.6% Average Price per Square Foot $561 $617 10.0% Average Days on Market 32 27 -15.6% Highest Price $1,725,000 $2,150,000 24.6% Properties Sold 337 226 -32.9% % Sold Price to Original List Price 102.7% 100.1% -2.6%
20.1%
The average price in Keystone increased by 20.1% January through December 2022 compared to that of 2021.
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.
KEYSTONE KEYSTONE KEYSTONE Single Family Homes January through December 2021 2022 % Change Average Price $1,957,844 $2,536,896 29.6% Average Price per Square Foot $538 $699 29.9% Average Days on Market 43 28 -34.9% Highest Price $4,025,000 $4,375,000 8.7% Properties Sold 32 18 -43.8% % Sold Price to Original List Price 100.0% 95.6% -4.4% All Properties January through December 2021 2022 % Change Average Price $843,778 $1,012,995 20.1% Average Price per Square Foot $664 $813 22.5% Average Days on Market 38 19 -50.0% Highest Price $4,025,000 $4,375,000 8.7% Properties Sold 297 241 -39.3% % Sold Price to Original List Price 101.2% 100% -1.1% Condominiums, Townhomes, Duplexes and Triplexes January through December 2021 2022 % Change Average Price $709,249 $889,989 25.5% Average Price per Square Foot $679 $822 21.1% Average Days on Market 38 18 -52.6% Highest Price $2,810,000 $2,300,000 -18.1% Properties Sold 265 223 -15.8% % Sold Price to Original List Price 101.4% 100.4% -0.9%
20.7%
The average price per square foot in Copper Mountain increased by 20.7% January through December 2022 compared to that of 2021.
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.
COPPER MOUNTAIN COPPER MOUNTAIN COPPER MOUNTAIN Single Family Homes January through December 2021 2022 % Change Average Price $3,850,000 $3,807,515 -1.1% Average Price per Square Foot $605 $762 25.8% Average Days on Market 4 13 225.0% Highest Price $3,850,000 $5,431,074 41.1% Properties Sold 1 5 400.0% % Sold Price to Original List Price 96.4% 97.5% 1.1% All Properties January through December 2021 2022 % Change Average Price $759,618 $1,075,274 133.9% Average Price per Square Foot $729 $880 20.7% Average Days on Market 14 17 21.4% Highest Price $3,850,000 $5,431,074 41.1% Properties Sold 106 60 -43.4% % Sold Price to Original List Price 99.7% 98.6% -1.2% Condominiums, Townhomes, Duplexes and Triplexes January through December 2021 2022 % Change Average Price $730,186 $826,888 13.2% Average Price per Square Foot $730 $890 22.0% Average Days on Market 14 17 21.4% Highest Price $2,095,000 $2,100,000 0.2% Properties Sold 105 55 -47.6% % Sold Price to Original List Price 99.7% 98.7% -1.1%
04 07 28 NATIONAL PARKS MOUNTAIN RANGES SKI AREAS & RESORTS
WHY COLORADO?
AVG DAYS OF SUNSHINE ANNUALY CRAFT BREWERIES 300 350+
MICRO MARKET REPORT | Summit County JANUARY - DECEMBER 2022 • COLORADOMICROREPORTS.COM
