NEIGHBORHOOD MICROMARKET REPORT |
January through June
2016
2017
% Change
Average Price Summit County • January-September 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 (Servicing the Resort Communities of Breckenridge & Keystone)
3
5
1. 6
Copper Mountain
2. Frisco 3. Silverthorne
2
4. Breckenridge 5. Dillon 6. Keystone 1 4
Pictured on cover: 53 Boulder Ridge Drive, Breckenridge
coloradomicroreports.com
SUMMIT COUNTY Market Introduction
SUMMIT COUNTY January through September
Known locally as ‘Colorado’s Playground,’ the resort mountain communities of Summit County and Breckenridge continued to experience a healthy real estate market in the third quarter of 2017. 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. Based on the continued desire for lifestyleinspired home purchases, real estate values are projected to rise.
Sold Listings (All Properties) Sold Single Family Sold Condos/TH/DP Average Days on Market Average Price % Sold Price to List Price Total Dollar Volume Sold
The number of sold listings increased 5.6%, from 1,376 listings sold in 2016, to 1,453 listings sold January-September (January through September), 2017. This is evidence of continued competitive conditions in Summit County’s highly desirable marketplace. The average sales price in Summit County rose 17.9%, to $674,623, in January through September 2017, over $572,287 in 2016. Across the board, days on market are dropping (now 69 days – a good timeframe for the resort markets), and the sales price to list price ratio is holding at 98.3% throughout Summit County, less than a one percent change from 2016. Highlights from the Summit County area include Frisco’s single-family homes rising to $1,081,913, and Keystone’s average price of all properties up 24.1% from 2016. Breckenridge/Blue River’s properties rose to $907,563, up 19.3%, from 2016.
livsothebysrealty.com
2016
2017
% Change
1,376
1,453
5.6%
349
396
13.5%
1,027
1,057
2.9%
91
69
-24.2%
$572,287
$674,623
17.9%
97.6%
98.3%
0.7%
$786,322,418
$978,877,822
24.5%
All Properties
January through September 2017,
the average price of up 37.5% from 2016 rising to $544,807, average price of all
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.
1,453
homes sold for an average of
$674,623
or, $978,877,822 total dollar volume sold.
MICROMARKET REPORT | Summit County JANUARY-SEPTEMBER 2017 • COLORADOMICROREPORTS.COM
BRECKENRIDGE/BLUE RIVER January through September Average Price
2016
$907,563
19.3%
$435
$503
15.6%
121
79
-34.7%
$5,675,000
$4,200,000
-26.0%
502
528
5.2%
96.8%
97.6%
0.8%
Average Days on Market
Properties Sold % Sold Price to List Price
% Change
$761,015
Average Price per Square Foot
Highest Price
2017
All Properties 475 Preston Way, Breckenridge
BRECKENRIDGE/BLUE RIVER January through September
2016
Average Price
$1,109,408
$1,305,580
17.7%
$346
$404
16.6%
144
111
-22.9%
$5,675,000
$4,200,000
-26.0%
195
216
10.8%
96.5%
96.7%
0.3%
Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2017
% Change
17.7%
January through September 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 September Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2016
2017
% Change
$555,369
$641,393
15.5%
$488
$570
16.8%
101
58
-42.6%
$2,260,500
$2,803,600
24.0%
287
301
4.9%
97.2%
98.2%
1.0%
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 September
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
$651,812
11.1%
$389
$426
9.6%
52
37
-28.8%
$1,165,000
$2,492,500
113.9%
145
116
-20.0%
98.1%
97.5%
-0.6%
Average Days on Market
Properties Sold % Sold Price to List Price
% Change
$586,584
Average Price per Square Foot
Highest Price
2017
All Properties
FRISCO January through September
2016
Average Price
$1,081,913
37.5%
$355
$406
14.2%
32
47
46.9%
$1,165,000
$2,492,500
113.9%
21
23
9.5%
97.2%
96.7%
-0.5%
Average Days on Market
Properties Sold % Sold Price to List Price
% Change
$786,845
Average Price per Square Foot
Highest Price
2017
Single Family Homes 560 Night Chant Lane, Frisco
9.4%
The average price per square foot for condos, townhomes, and duplexes in Frisco increased by 9.4% January through September 2017 compared to that of 2016.
FRISCO January through September
2016
Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2017
% Change
$552,669
$545,442
-1.3%
$394
$431
9.4%
56
34
-39.3%
$1,090,000
$1,040,000
-4.6%
124
93
-25.0%
98.3%
97.7%
-0.6%
Condos, Townhomes, Duplexes
MICROMARKET REPORT | Summit County livsothebysrealty.com
JANUARY-SEPTEMBER 2017 • COLORADOMICROREPORTS.COM
DILLON/SUMMIT COVE January through September Average Price
2016
$431,375
11.6%
$291
$329
12.9%
41
23
-43.9%
$1,650,000
$1,645,000
-0.3%
154
153
-0.6%
98.0%
98.3%
0.3%
Average Days on Market
Properties Sold % Sold Price to List Price
% Change
$386,565
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 September Average Price
2016
$789,570
14.8%
$261
$281
7.9%
75
39
-48.0%
$1,650,000
$1,645,000
-0.3%
39
41
5.1%
97.5%
97.2%
-0.3%
Average Days on Market
Properties Sold % Sold Price to List Price
% Change
$687,752
Average Price per Square Foot
Highest Price
2017
Single Family Homes 780 Alpine Drive, Dillon
DILLON/SUMMIT COVE January through September Average Price
2016
2017
% Change
$301
$346
14.8%
29
17
-41.4%
$995,000
$660,000
-33.7%
115
112
-2.6%
Properties Sold
98.0%
98.6%
0.6%
% Sold Price to List Price
97.8%
98.8%
1.0%
Average Price per Square Foot Average Days on Market Highest Price
Condos, Townhomes, Duplexes
14.8%
The average price for condos, townhomes, and duplexes in Dillon/Summit Cove increased by 14.8% January through September 2017 compared to that of 2016.
coloradomicroreports.com
SILVERTHORNE/WILDERNEST January through September
2016
Average Price
$615,328
17.2%
$300
$341
13.5%
45
45
0.0%
$2,750,000
$3,000,000
9.1%
277
298
7.6%
98.1%
98.4%
0.3%
Average Days on Market
Properties Sold % Sold Price to List Price
% Change
$525,213
Average Price per Square Foot
Highest Price
2017
All Properties 0232 Riata Trail, Silverthorne
7.2%
January through September 2017, the average price per square foot for single family homes in Silverthorne/Wildernest increased by 7.2% compared to that of 2016.
SILVERTHORNE/WILDERNEST January through September
2016
Average Price
$984,564
10.7%
$308
$330
7.2%
72
84
16.7%
$2,750,000
$3,000,000
9.1%
76
97
27.6%
97.8%
97.3%
-0.5%
Average Days on Market
Properties Sold % Sold Price to List Price
% Change
$889,070
Average Price per Square Foot
Highest Price
2017
Single Family Homes
SILVERTHORNE/WILDERNEST January through September
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
$387,635
$437,140
12.8%
$297
$346
16.5%
35
26
-25.7%
$866,000
$889,000
2.7%
201
201
0.0%
98.2%
98.9%
0.7%
Condos, Townhomes, Duplexes
MICROMARKET REPORT | Summit County livsothebysrealty.com
JANUARY-SEPTEMBER 2017 •COLORADOMICROREPORTS.COM
KEYSTONE January through September Average Price
2016
$544,807
24.1%
$353
$428
21.2%
75
61
-18.7%
$2,100,000
$2,312,500
10.1%
208
238
14.4%
97.1%
98.0%
1.0%
Average Days on Market
Properties Sold % Sold Price to List Price
% Change
$439,101
Average Price per Square Foot
Highest Price
2017
All Properties 75 Stoney Trail, Keystone
KEYSTONE January through September
2016
Average Price
$1,276,176
$1,392,305
9.1%
$298
$341
14.6%
141
289
105.0%
$2,100,000
$2,312,500
10.1%
17
15
-11.8%
95.6%
95.3%
-0.3%
Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2017
% Change
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 September Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2016
2017
% Change
$364,597
$487,800
33.8%
$358
$434
21.2%
70
45
-35.7%
$1,065,000
$1,265,000
18.8%
191
223
16.8%
97.2%
98.2%
1.0%
33.8%
The average price per square foot for condos, townhomes, and duplexes in Keystone increased by 33.8% January through September 2017 compared to that of 2016.
Condos, Townhomes, Duplexes
coloradomicroreports.com
38.3%
January through September 2017, the average price in Copper Mountain increased by 38.3% compared to that of 2016.
COPPER MOUNTAIN January through September
2016
Average Price
$517,970
38.3%
$414
$467
12.7%
203
137
-32.5%
$1,195,000
$2,800,000
134.3%
72
86
19.4%
96.4%
96.9%
0.6%
Average Days on Market
Properties Sold % Sold Price to List Price
% Change
$374,478
Average Price per Square Foot
Highest Price
2017
All Properties
COPPER MOUNTAIN January through September
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 Single Family Homes 500 Beeler Place, Copper Mountain
COPPER MOUNTAIN January through September
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
$374,478
$434,395
16.0%
$414
$461
11.4%
203
124
-38.9%
$1,195,000
$1,925,000
61.1%
72
82
13.9%
96.4%
97.0%
0.7%
Condos, Townhomes, Duplexes
MICROMARKET REPORT | Summit County livsothebysrealty.com
JANUARY-SEPTEMBER 2017 • COLORADOMICROREPORTS.COM
WE ARE.
THE VOICE OF COLORADO REAL ESTATE
317 Cumberland Drive, Breckenridge
14
1
Exceptional Brand
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.