Summit County Q1, 2017 Micro Market Report

Page 1

NEIGHBORHOOD MICROMARKET REPORT |

January through June

2016

2017

% Change

Average Price Summit County • Quarter 1 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: 75 Stoney Trail, Keystone

coloradomicroreports.com


SUMMIT COUNTY Market Introduction

SUMMIT COUNTY January through March

Known locally as ‘Colorado’s Playground,’ the proximity to the famous Colorado Rocky Mountains, (less than two hours from Denver), continues to position Summit County as one of the leading resort community destinations worldwide. 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.

Sold Listings (All Properties)

livsothebysrealty.com

2017

% Change

280

329

17.5%

77

87

13.0%

Sold Condos/TH/DP

203

242

19.2%

Average Days on Market

144

84

-41.7%

$609,846

$737,565

20.9%

96.6%

97.3%

0.7%

$170,756,834.00

$242,658,755

42.1%

Sold Single Family

Average Price % Sold Price to List Price Total Dollar Volume Sold

All Properties

The number of sold listings increased substantially from 280 listings in 2016 to 329 listings sold in Q1 2017- evidence of continued competitive conditions in Summit County’s highly desirable marketplace. The average sales price in Summit County rose to $737,565 in Q1 2017, a 20.9% increase over 2016. Across the board, days on market are dropping (now 84 days – a below average timeframe for the resort markets), and the sales price to list price ratio is holding at 97.3% throughout Summit County, less than a one percent change from 2016.

2016

During Q1 2017,

329

homes sold for an average of

$737,565

or, $242,658,755 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 QUARTER 1 2017 • COLORADOMICROREPORTS.COM


BRECKENRIDGE/BLUE RIVER January through March

2016

2017

Average Price

$802,050

$1,015,508

26.6%

$436

$502

15.1%

202

86

-57.4%

$5,675,000

$4,200,000

-26.0%

120

133

10.8%

96.7%

97.4%

0.7%

Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price

% Change

All Properties 1003 Boreas Pass Road, Breckenridge

BRECKENRIDGE/BLUE RIVER January through March

2016

2017

Average Price

$1,165,351

$1,441,352

23.7%

$351

$423

20.4%

243

113

-53.5%

$5,675,000

$4,200,000

-26.0%

47

59

25.5%

95.9%

96.5%

0.7%

Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price

% Change

23.7%

During Q1 2017, the average price of single family homes in Breckenridge/Blue River increased by 23.7% compared to Q1 2016.

Single Family Homes

BRECKENRIDGE/BLUE RIVER January through March Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price

2016

2017

% Change

$569,172

$675,984

18.8%

$491

$565

15.0%

176

63

-64.2%

$2,195,000

$2,803,600

27.7%

73

74

1.4%

97.2%

98.0%

0.9%

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 March

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

$622,126

11.6%

$376

$413

9.9%

22

39

77.3%

$935,000

$1,399,000

49.6%

22

27

22.7%

98.7%

98.1%

-0.5%

Average Days on Market

Properties Sold % Sold Price to List Price

% Change

$557,523

Average Price per Square Foot

Highest Price

2017

All Properties

FRISCO January through March

2016

Average Price

$1,157,333

70.1%

$373

$415

11.3%

51

100

96.1%

$811,000

$1,399,000

72.5%

2

3

50.0%

99.2%

98.3%

-0.9%

Average Days on Market

Properties Sold % Sold Price to List Price

% Change

$680,250

Average Price per Square Foot

Highest Price

2017

Single Family Homes 450 Hammerstone Lane Unit 5, Frisco

9.9%

The average price per square foot for condos, townhomes, and duplexes in Frisco increased by 9.9% in Q1 2017 compared to Q1 2016.

FRISCO January through March

2016

Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price

2017

% Change

$545,250

$555,225

1.8%

$376

$413

9.9%

107

31

-71.0%

$935,000

$730,000

-21.9%

20

24

20.0%

98.6%

98.1%

-0.5%

Condos, Townhomes, Duplexes

MICROMARKET REPORT | Summit County livsothebysrealty.com

QUARTER 1 2017 • COLORADOMICROREPORTS.COM


DILLON/SUMMIT COVE January through March Average Price

2016

$313,302

-21.4%

$365

$310

-15.0%

62

13

-79.0%

$889,000

$870,000

-2.1%

43

29

-32.6%

97.7%

98.7%

1.0%

Average Days on Market

Properties Sold % Sold Price to List Price

% Change

$398,384

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 March Average Price

2016

$695,557

9.6%

$252

$277

10.0%

121

46

-62.0%

$889,000

$870,000

-2.1%

12

4

-66.7%

97.8%

97.7%

0.0%

Average Days on Market

Properties Sold % Sold Price to List Price

% Change

$634,817

Average Price per Square Foot

Highest Price

2017

Single Family Homes Lake Dillon, CO

DILLON/SUMMIT COVE January through March 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

$306,862

$252,141

-17.8%

$270

$316

16.9%

40

8

-80.0%

$838,500

$553,000

-34.0%

31

25

-19.4%

97.7%

98.9%

1.2%

16.9%

The average price per square foot for condos, townhomes, and duplexes in Dillon/Summit Cove increased by 16.9% in Q1 2017 compared to Q1 2016.

coloradomicroreports.com


SILVERTHORNE/WILDERNEST January through March

2016

Average Price

$553,684

8.1%

$285

$326

14.5%

81

79

-2.5%

$1,425,000

$1,750,000

22.8%

37

51

37.8%

97.5%

97.6%

0.1%

Average Days on Market

Properties Sold % Sold Price to List Price

% Change

$512,403

Average Price per Square Foot

Highest Price

2017

All Properties Silverthorne, CO

38.2%

During Q1 2017, the average price of single family homes in Silverthorne/Wildernest increased by 38.2% compared to Q1 2016.

SILVERTHORNE/WILDERNEST January through March

2016

Average Price

$1,002,167

38.2%

$307

$310

1.0%

113

202

78.8%

$1,425,000

$1,750,000

22.8%

11

12

9.1%

97.1%

95.9%

-1.3%

Average Days on Market

Properties Sold % Sold Price to List Price

% Change

$725,082

Average Price per Square Foot

Highest Price

2017

Single Family Homes

SILVERTHORNE/WILDERNEST January through March

2016

Average Price Average Price per Square Foot

Silverthorne boasts an unparalleled location for ski enthusiasts with six major ski resorts located within a half-hour drive.

Average Days on Market Highest Price Properties Sold % Sold Price to List Price

2017

% Change

$422,423

$415,690

-1.6%

$276

$331

20.0%

68

41

-39.7%

$739,000

$865,000

17.1%

26

39

50.0%

97.7%

98.1%

0.5%

Condos, Townhomes, Duplexes

MICROMARKET REPORT | Summit County livsothebysrealty.com

QUARTER 1 2017 •COLORADOMICROREPORTS.COM


KEYSTONE January through March Average Price

2016

$548,766

19.1%

$336

$429

27.8%

104

82

-21.2%

$1,925,000

$2,312,500

20.1%

45

53

17.8%

97.2%

97.9%

0.6%

Average Days on Market

Properties Sold % Sold Price to List Price

% Change

$460,927

Average Price per Square Foot

Highest Price

2017

All Properties 68 Wolf Rock Road, Keystone

KEYSTONE January through March Average Price

2016

$1,491,500

13.0%

$283

$352

24.5%

174

418

140.2%

$1,925,000

$2,312,500

20.1%

4

5

25.0%

95.1%

95.8%

0.8%

Average Days on Market

Properties Sold % Sold Price to List Price

% Change

$1,320,000

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 March Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price

2016

2017

% Change

$377,115

$450,565

19.5%

$341

$437

28.3%

97

47

-51.5%

$770,000

$1,045,000

35.7%

41

48

17.1%

97.5%

98.1%

0.6%

Condos, Townhomes, Duplexes 75 Stoney Trail, Keystone

coloradomicroreports.com


COPPER MOUNTAIN

38.2%

January through March

2016

Average Price

$677,514

58.2%

$417

$476

14.2%

227

183

-19.4%

$1,195,000

$2,800,000

134.3%

12

36

200.0%

97.1%

96.4%

-0.7%

Average Days on Market Highest Price Properties Sold % Sold Price to List Price

% Change

$428,375

Average Price per Square Foot

During Q1 2017, the average price in Copper Mountain increased by 38.2% compared to Q1 2016.

2017

All Properties

COPPER MOUNTAIN January through March

2016

2017

% Change

Average Price

-

$2,321,250

-

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 All Properties Copper Mountain, CO

COPPER MOUNTAIN January through March

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

$428,375

$483,297

12.8%

$417

$464

11.3%

227

154

-32.2%

$1,195,000

$1,925,000

61.1%

12

32

166.7%

97.1%

96.7%

-0.5%

Condos, Townhomes, Duplexes

MICROMARKET REPORT | Summit County livsothebysrealty.com

QUARTER 1 2017 • COLORADOMICROREPORTS.COM


The life you love.

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.


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