NEIGHBORHOOD MICROMARKET REPORT |
January through June
2016
2017
% Change
Average Price Summit County • Mid-Year 2017 Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price Boundaries:
NEIGHBORHOOD January through June
2016
2017
% Change
Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price Boundaries:
NEIGHBORHOOD January through June
2016
2017
% Change
Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price Boundaries:
MICROMARKET REPORT | Denver Metro 303.893.3200
page 1
QUARTER 1 2017 • COLORADOMICROREPORTS.COM
SUMMIT COUNTY NEIGHBORHOODS 3
5
1. 6
Copper Mountain
2. Frisco 3. Silverthorne
2
4. Breckenridge 5. Dillon 6. Keystone 1 4
Pictured on cover: 97 Marys Ridge Lane, Breckenridge
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SUMMIT COUNTY Market Introduction
SUMMIT COUNTY January through June
The desire for lifestyle-inspired home purchases breeds a continued healthy and balanced real estate market in the resort mountain communities of Summit County and Breckenridge, with several communities achieving stand-out leaps in sales. Less than a two-hour’s drive from Denver, Summit County is known as one of the leading resort community destinations worldwide based on its easy access to the famous Colorado Rocky Mountains, and unparalleled lifestyle opportunities. Known locally as ‘Colorado’s Playground,’ real estate values will continue to rise. The number of sold listings increased substantially, from 719 listings sold in 2016, to 813 listings sold mid-year (January through June), 2017. This is evidence of continued competitive conditions in Summit County’s highly desirable marketplace. The average sales price in Summit County rose to $711,507, in January through June, 2017, a 19.7% increase over 2016. Across the board, days on market are dropping (now 71 days – a good timeframe for the resort markets), and the sales price to list price ratio is holding at 97.8% throughout Summit County, less than a one percent change from 2016. Highlights from the Summit County area include the average price of Frisco’s single family homes rising to $1,198,600, up 56.8% from 2016 and Keystone’s average price of all properties rising to $565,141, up 33.4% from 2016. Breckenridge/Blue River’s average price of single family homes rose to $1,359,626, up 17.7%, from 2016.
livsothebysrealty.com
2016
2017
% Change
Sold Listings (All Properties)
719
813
13.1%
Sold Single Family
193
228
18.1%
Sold Condos/TH/DP
526
585
11.2%
Average Days on Market
104
71
-31.7%
$594,502
$711,507
19.7%
97.0%
97.8%
0.8%
$427,071,292
$577,743,833
35.3%
Average Price % Sold Price to List Price Total Dollar Volume Sold
All Properties
January through June 2017,
813
homes sold for an average of
$711,507
or, $577,743,833 total dollar volume sold.
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 MID-YEAR 2017 • COLORADOMICROREPORTS.COM
BRECKENRIDGE/BLUE RIVER January through June Average Price
2016
$952,729
21.0%
$430
$502
16.9%
150
89
-40.7%
$5,675,000
$4,200,000
-26.0%
274
314
14.6%
96.6%
97.5%
1.0%
Average Days on Market
Properties Sold % Sold Price to List Price
% Change
$787,230
Average Price per Square Foot
Highest Price
2017
All Properties 74 Uncle Sam Lode Road, Breckenridge
BRECKENRIDGE/BLUE RIVER January through June
2016
2017
Average Price
$1,155,411
$1,359,626
17.7%
$346
$406
17.1%
198
127
-35.9%
$5,675,000
$4,200,000
-26.0%
111
127
14.4%
96.0%
96.9%
1.0%
Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
% Change
17.7%
January through June 2017, the average price of single family homes in Breckenridge/Blue River increased by 17.7% compared to that of 2016.
Single Family Homes
BRECKENRIDGE/BLUE RIVER January through June Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2016
2017
% Change
$536,505
$628,729
17.2%
$487
$579
18.9%
118
60
-49.2%
$2,195,000
$2,803,600
27.7%
163
175
7.4%
97.0%
98.1%
1.1%
Nestled between Breckenridge and Hoosier Pass, Blue River is a residential community with hiking/biking trails and exclusive use of the Goose Tarn Pasture.
Condos, Townhomes, Duplexes
coloradomicroreports.com
FRISCO January through June
Frisco Bay Marina sits on the eastern end of Frisco’s charming Main Street and brings lake life to this quintessential mountain town with boat and paddle sport rentals, a sandy beach and waterside dining.
2016
Average Price
$636,084
12.1%
$388
$425
9.3%
58
42
-27.6%
$1,090,000
$2,492,500
128.7%
76
69
-9.2%
98.3%
98.1%
-0.2%
Average Days on Market
Properties Sold % Sold Price to List Price
% Change
$567,608
Average Price per Square Foot
Highest Price
2017
All Properties
FRISCO January through June
2016
Average Price
$1,198,600
56.8%
$343
$425
23.8%
48
77
60.4%
$980,000
$2,492,500
154.3%
9
10
11.1%
98.0%
97.4%
-0.6%
Average Days on Market
Properties Sold % Sold Price to List Price
% Change
$764,194
Average Price per Square Foot
Highest Price
2017
Single Family Homes 450 Hammerstone Lane Unit 5, Frisco
7.6%
The average price per square foot for condos, townhomes, and duplexes in Frisco increased by 9.9% January through June 2017 compared to that of 2016.
FRISCO January through June
2016
Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2017
% Change
$541,201
$540,742
-0.1%
$394
$425
7.6%
60
36
-40.0%
$1,090,000
$920,000
-15.6%
67
59
-11.9%
98.4%
98.3%
-0.1%
Condos, Townhomes, Duplexes
MICROMARKET REPORT | Summit County livsothebysrealty.com
MID-YEAR 2017 • COLORADOMICROREPORTS.COM
DILLON/SUMMIT COVE January through June Average Price
2016
$417,184
1.6%
$287
$319
11.1%
54
16
-70.4%
$1,650,000
$1,600,000
-3.0%
87
82
-5.7%
97.8%
98.4%
0.7%
Average Days on Market
Properties Sold % Sold Price to List Price
% Change
$410,471
Average Price per Square Foot
Highest Price
2017
With 26 miles of shoreline surrounded by a breathtaking mountainous backdrop, the Lake Dillon reservoir is perfect for boating, sailing, walking and picnicking.
All Properties
DILLON/SUMMIT COVE January through June Average Price
2016
$737,755
5.1%
$265
$293
10.5%
106
22
-79.2%
$1,650,000
$1,600,000
-3.0%
23
24
4.3%
97.6%
97.5%
-0.1%
Average Days on Market
Properties Sold % Sold Price to List Price
% Change
$702,079
Average Price per Square Foot
Highest Price
2017
Single Family Homes Lake Dillon, CO
DILLON/SUMMIT COVE January through June Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price Condos, Townhomes, Duplexes
2016
2017
% Change
$305,675
$284,534
-6.9%
$295
$330
11.7%
35
14
-60.0%
$850,000
$645,113
-24.1%
64
58
-9.4%
97.8%
98.8%
1.0%
11.7%
The average price per square foot for condos, townhomes, and duplexes in Dillon/Summit Cove increased by 11.7% January through June 2017 compared to that of 2016.
coloradomicroreports.com
SILVERTHORNE/WILDERNEST January through June
2016
Average Price
$599,607
10.7%
$294
$334
13.5%
53
67
26.4%
$2,750,000
$3,000,000
9.1%
132
141
6.8%
98.0%
98.0%
0.0%
Average Days on Market
Properties Sold % Sold Price to List Price
% Change
$541,406
Average Price per Square Foot
Highest Price
2017
All Properties 125 Two Cabins Drive, Silverthorne
11.9%
January through June 2017, the average price of single family homes in Silverthorne/ Wildernest increased by 11.9% compared to that of 2016.
SILVERTHORNE/WILDERNEST January through June
2016
Average Price
$1,017,339
11.9%
$306
$315
3.0%
84
151
79.8%
$2,750,000
$3,000,000
9.1%
41
40
-2.4%
97.8%
95.9%
-2.0%
Average Days on Market
Properties Sold % Sold Price to List Price
% Change
$909,532
Average Price per Square Foot
Highest Price
2017
Single Family Homes
SILVERTHORNE/WILDERNEST January through June
2016
Average Price Average Price per Square Foot
Silverthorne boasts an unparalleled location for outdoor enthusiasts, with countless hiking trails and summer activities.
Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2017
% Change
$375,547
$434,169
15.6%
$289
$342
18.2%
40
34
-15.0%
$749,000
$865,000
15.5%
91
101
11.0%
98.0%
98.8%
0.8%
Condos, Townhomes, Duplexes
MICROMARKET REPORT | Summit County livsothebysrealty.com
MID-YEAR 2017 •COLORADOMICROREPORTS.COM
KEYSTONE January through June Average Price
2016
$565,141
33.4%
$347
$430
23.7%
81
56
-30.9%
$2,000,000
$2,312,500
15.6%
111
147
32.4%
97.1%
98.1%
1.0%
Average Days on Market
Properties Sold % Sold Price to List Price
% Change
$423,764
Average Price per Square Foot
Highest Price
2017
All Properties 68 Wolf Rock Road, Keystone
KEYSTONE January through June Average Price
2016
$1,406,955
1.2%
$283
$344
21.6%
130
254
95.4%
$2,000,000
$2,312,500
15.6%
8
11
37.5%
96.1%
95.0%
-1.2%
Average Days on Market
Properties Sold % Sold Price to List Price
% Change
$1,390,288
Average Price per Square Foot
Highest Price
2017
Keystone Resort is located just 90 miles from Denver International Airport (DIA), making it one of the closest all-inclusive ski resorts to the largest airport in Colorado.
Single Family Homes
KEYSTONE January through June Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2016
2017
% Change
$352,454
$497,054
41.0%
$352
$436
23.9%
77
40
-48.1%
$900,000
$1,260,000
40.0%
103
136
32.0%
97.2%
98.3%
1.2%
41.0%
The average price per square foot for condos, townhomes, and duplexes in Keystone increased by 41.90% January through June 2017 compared to that of 2016.
Condos, Townhomes, Duplexes
coloradomicroreports.com
49.2%
January through June 2017, the average price in Copper Mountain increased by 49.2% compared to that of 2016.
COPPER MOUNTAIN January through June
2016
Average Price
$566,237
49.2%
$394
$463
17.5%
226
135
-40.3%
$1,196,000
$2,800,000
134.1%
38
59
55.3%
96.3%
96.8%
0.6%
Average Days on Market
Properties Sold % Sold Price to List Price
% Change
$379,408
Average Price per Square Foot
Highest Price
2017
All Properties
COPPER MOUNTAIN January through June
2016
2017
% Change
Average Price
-
$2,231,250
-
Average Price per Square Foot
-
$576
-
Average Days on Market
-
417
-
Highest Price
-
$2,800,000
-
No Sales
4
-
-
94%
-
Properties Sold % Sold Price to List Price Single Family Homes Copper Mountain, CO
COPPER MOUNTAIN January through June
Copper Mountain is an excellent family destination and offers a wide array of activities besides skiing and snowboarding including zip-lines, tubing, ice skating, and more.
2016
Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2017
% Change
$379,408
$445,145
17.3%
$394
$455
15.4%
226
115
-49.1%
$1,196,000
$1,925,000
61.0%
38
55
44.7%
96.3%
97.0%
0.7%
Condos, Townhomes, Duplexes
MICROMARKET REPORT | Summit County livsothebysrealty.com
MID-YEAR 2017 • COLORADOMICROREPORTS.COM
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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.