The 2023 Slifer Report | Summit County

A LETTER FROM OUR PRESIDENT LOOKING BACK ON 20 22

As we reflect on 2022, Slifer Smith & Frampton has a lot to celebrate, including our 60th anniversary and the growth of our family of brokers in the Front Range Our people are our biggest asset and Slifer Smith & Frampton remains strong as we look to 2023

In Summit County, we had our eye on two significant trends in 2022: continued limited inventory and rising interest rates Of course, these trends are not unique to Summit County and will continue to affect our market as well as many of our neighboring mountain resort communities

As of the end of 2022, Summit County had just under 260 residential properties for sale ? which is nearing the annual low from the first of the year Even with limited inventory, we were a market share leader once again for both total closed sales and luxury market ($2M+) sales, closing nearly $640M in double-sided sales volume for 2022, counting both list and buy sides. With the help of our New Development Division, we anticipate a strong presale market as well as closings throughout 2023, including the new developments of 9097 Flats, in habitance, Alcove at Keystone, Born Mountain Club and Solitude at Breckenridge

As we look to 2023, we anticipate tight inventory will continue, and thus prices won? t decrease significantly, despite rising interest rates If interest rates peak in 2023 and start falling, we'd likely see an increase in transactions in the overall marketplace, particularly under the $1M price point.

In 2022, Slifer Smith & Frampton celebrated our 60th anniversary. It gives us great pride to have been invested in and committed to Colorado communities since 1962. A second major milestone was welcoming Colorado Landmark Realtors, a pioneer in the Boulder Valley Real Estate market that has been operating there for 45 years, into the Slifer Smith & Frampton family. This expansion not only led to our designation as the No.1Independent Real Estate Brokerage in Colorado but allowed us to expand our Front Range presence adding three Boulder Valley offices (Downtown Boulder, Louisville, and Niwot) to our two Downtown Denver offices. SSF?s expansion in the Front Range truly unites our mountain and city communities and positions us to continue being the No. 1 Independent Colorado Real Estate brokerage for years to come This expanded network is particularly significant for SSF?s Summit County market as many of our buyers and sellers call the Front Range home

We continued to see growth in the last year thanks to our relationships with Luxury Portfolio International, Leading Real Estate Companies of the World and Forbes Global Properties. These affiliations allow our highly local teams to still have global reach, ultimately enabling us to be a highly competitive option for buyers and sellers in Colorado?s luxury real estate market

As we look into 2023, and the celebration of our 60th anniversary, we reaffirm our commitment to being stewards of our Colorado communities and look forward to bringing the same vision and innovation to our next 60 years

CHRIS LANKHORST Summit County Market President

PROUDLY INDEPENDENT REAL ESTATE

AcrossColorado

FoundedinVail,1962,thehistoryof Slifer Smith&FramptonReal Estateisoneof hard-wonsuccessand careful stewardshipfor thecommunitiesweserveand call home. Today,we'vegrownacrossthestate,serving four uniquemarketsfromAspento theFront Range,but our passionfor creatingincredible communitiesremainsunwavering It'sjust onereasonwhyweareproud to be Colorado'sleading,independent real estatebrokerage

WepublishTheSlifer Report inall of our markets,so to keepyour finger onthepulse of real estateacrossColorado pleasevisit: SliferSmithAndFrampton.com/Market-Reports

SALES VOLUME & MARKET SHARE

LUXURY SALES VOLUME & MARKET SHARE

Residential Sales Over $2 Million

LUXURY SALES VOLUME COMPARISON

LUXURY SALES VOLUME COMPARISON | SSF MARKET SHARE

MARKET OVERVIEW

RESIDENTIAL AVERAGE SALES PRICE COMPARISON

RESIDENTIAL & LAND ACTIVE INVENTORY BY MONTH

TRANSACTION COMPARISON

RESIDENTIAL TRANSACTION COMPARISON

LUXURY TRANSACTION COMPARISON

Residential Sales Over $2 Million

LAND OVERVIEW

LAND TRANSACTION COMPARISON

LAND SALES VOLUME COMPARISON

BRECKENRIDGE

SINGLE FAMILY & DUPLEX

SALES VOLUME NO OF SALES AVG DAYS ON MARKET AVG SALE MEDIAN SALE

2018 $436,123,233 316 81 $1,380,137 $1,137,000 2019 $508,873,067 324 91 $1,570,596 $1,245,000 2020 $641,750,882 390 85 $1,645,515 $1,350,000 2021 $851,490,193 396 39 $2,150,228 $1,659,000 2022 $532,756,761 228 39 $2,336,652 $1,997,000

& TOW NHOME

2018 $229,559,214 383 44 $599,371 $497,000 2019 $201,144,435 299 56 $672,724 $600,000 2020 $281,095,121 388 54 $724,472 $655,000 2021 $354,997,982 401 24 $885,282 $755,000 2022 $196,190,421 204 30 $961,718 $810,000

SINGLE FAMILY & DUPLEX

SALES VOLUME NO OF SALES AVG DAYS ON MARKET AVG SALE MEDIAN SALE

2018 $10,766,500 4 397 $2,691,625 $2,689,250 2019 $8,260,000 3 275 $2,753,333 $3,050,000

2020 $22,503,000 10 258 $2,250,300 $1,902,500 2021 $3,850,000 1 4 $3,850,000 $3,850,000 2022 $20,587,574 6 12 $3,431,262 $3,203,250

CONDOMINIUM & TOW NHOME

SALES VOLUME NO OF SALES AVG DAYS ON MARKET AVG SALE MEDIAN SALE

2018 $42,392,919 87 55 $487,275 $475,000 2019 $32,318,489 58 67 $557,215 $515,000 2020 $59,010,570 101 68 $584,263 $555,000 2021 $76,669,522 105 14 $730,186 $730,000 2022 $43,928,862 54 17 $813,497 $737,000

SINGLE FAMILY & DUPLEX

SALES VOLUME NO OF SALES AVG DAYS ON MARKET AVG SALE MEDIAN SALE

2018 $53,860,400 64 38 $841,569 $790,833 2019 $60,951,720 71 45 $858,475 $781,500 2020 $57,883,525 60 47 $964,725 $860,000 2021 $100,581,291 83 17 $1,211,823 $1,150,000 2022 $59,967,205 44 20 $1,362,891 $1,292,500

CONDOMINIUM

TOW NHOME SALES VOLUME NO OF SALES AVG DAYS ON MARKET AVG SALE MEDIAN SALE

&

2018 $42,160,820 109 16 $386,797 $355,000 2019 $61,805,108 150 33 $412,034 $361,000 2020 $68,201,392 150 70 $454,676 $416,500 2021 $80,894,474 142 10 $569,679 $505,500 2022 $60,888,066 90 18 $676,534 $545,000

SINGLE FAMILY & DUPLEX

SALES VOLUME

NO OF SALES AVG DAYS ON MARKET AVG SALE MEDIAN SALE

2018 $65,430,650 56 47 $1,168,404 $1,113,750 2019 $44,341,500 41 54 $1,081,500 $1,050,000

2020 $76,014,151 60 60 $1,266,903 $1,285,000 2021 $96,648,521 59 10 $1,638,111 $1,595,000 2022 $68,642,090 40 31 $1,716,052 $1,650,000

CONDOMINIUM & TOW NHOME

SALES VOLUME NO OF SALES AVG DAYS ON MARKET AVG SALE MEDIAN SALE

2018 $61,270,284 106 32 $578,022 $535,000 2019 $78,482,192 129 34 $608,389 $545,000 2020 $96,073,897 147 28 $653,564 $600,000 2021 $112,661,963 141 10 $799,021 $740,000 2022 $99,460,414 93 15 $1,069,467 $975,000

SINGLE FAMILY & DUPLEX

SALES VOLUME NO OF SALES AVG DAYS ON MARKET AVG SALE MEDIAN SALE

2018 $47,767,540 32 100 $1,492,736 $1,343,750 2019 $36,413,708 25 115 $1,456,548 $1,250,000 2020 $66,587,000 40 73 $1,664,675 $1,534,500 2021 $74,519,401 41 42 $1,817,546 $1,582,500 2022 $57,065,145 24 25 $2,377,714 $2,387,500

& TOW NHOME

2018 $161,784,551 295 51 $548,422 $500,000 2019 $141,365,421 249 52 $567,733 $535,000 2020 $153,507,924 264 68 $581,469 $545,000 2021 $175,902,684 256 38 $687,120 $637,000 2022 $187,066,551 217 18 $862,058 $778,000

SILVERTHORNE

SINGLE FAMILY & DUPLEX

SALES VOLUME

NO OF SALES AVG DAYS ON MARKET AVG SALE MEDIAN SALE

2018 $166,281,878 188 68 $884,478 $791,000 2019 $186,583,408 195 51 $956,838 $870,000

2020 $284,789,182 261 61 $1,091,146 $1,000,179 2021 $333,272,817 243 32 $1,371,493 $1,270,000 2022 $298,967,200 179 37 $1,670,208 $1,600,000

CONDOMINIUM & TOW NHOME

SALES VOLUME NO OF SALES AVG DAYS ON MARKET AVG SALE MEDIAN SALE

2018 $70,252,509 162 17 $433,657 $388,750 2019 $107,772,670 238 51 $452,826 $399,337 2020 $134,481,159 268 47 $501,795 $450,000 2021 $166,334,471 268 30 $620,651 $580,500 2022 $131,509,194 182 26 $722,578 $679,875

2022

As a founding member Slifer Smith & Frampton is proud to fly the Forbes Global Properties flag across Colorado This powerful, global network of top-tier independent brokerages gives our agents, and our clients, exclusive access to an invaluable network of the world's finest homes and the agents representing them.

In 20 22 our membership with Forbes Global Properties brought some incredible Summit County homes to a global audience. Here are some of our most notable sales of the year.