SUMMIT COUNTY REAL ESTATE
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A LETTER FROM OUR PRESIDENT
In 2024, Slifer Smith & Frampton navigated a challenging market shaped by significant industry changes, limited inventory, and elevated interest rates Despite these obstacles, Slifer Smith & Frampton rose to the occasion, achieving growth in nearly every market and demonstrating the dedication, expertise, and resilience of our brokers, as well as their ability to overcome challenges for our buyers and sellers Our commitment to the communities we serve has solidified our position as market share leaders, not only in Summit Countybut acrossthestateof Colorado
Summit County's real estate market in 2024 saw more transactions, greater volume, and higher prices compared to 2023.Thisoutcomelikelysurprised manyand highlightsthecontinued strength of themarket in Summit County Astandout segment of the 2024 market was the luxury sector There were 21sales of single-family homes priced above $5 million and seven sales of condominium or townhome properties exceeding$4 million.
As we look to 2025, the key takeaway from the real estate market remainsthe timeless principle: location, location, location Real estate in the Rocky Mountains, particularly in resort areas, continues to hold its appeal. These extraordinary places where we live, work, and play attract people from around the globe, keeping Summit County vibrant and ensuring it remains an outstanding investment We should see the market beginning to normalize,including modest declinesin interest ratesand an improved local inventory supply, creating a more balanced environment for both buyers and sellers While the best properties will continueto movequickly,buyerswill also havemoreopportunitiesto negotiate.
2024 wasalso the year we lost Rod Slifer, one of our esteemed co-founderswho wasalso the first realtor intheVail Valley WhilewemissRoddearly,weareproud to continueto carryonthelegacyof integrityand service to our community in his honor. We are proud to serve our communities through the Slifer Foundation which supports a myriad of nonprofit entities In Summit County in particular, the 2024 grant cycle awarded $30,000 in grants to local nonprofits We also hosted our fifth annual SSF Foundation Concert Fundraiser withproceedsbenefitingfivelocal Summit Countynonprofit organizations.
SSF also expanded its footprint in Colorado with the opening of a new office in downtown Steamboat Springs Inaddition,our relationshipswithLuxuryPortfolio International,LeadingReal EstateCompaniesof theWorld,and ForbesGlobal Propertiescontinued to allow our highly local teamsto still haveglobal reach andthusbeahighlycompetitiveoptionfor buyersand sellersinColorado?sluxuryreal estatemarket
As we close out 2024, we reaffirm our commitment to being constant stewards of our Colorado communities and look forward to being an invaluablepartner to our buyersand sellersin2025
CHRIS LANKHORST
Summit County Market President
AsSummit County'sleadingindependent,locally owned and operated real estatecompany,weare deeplyinvestedinour communitiesand fully committed to buildingup thisincredibleplace. Whenyouwork withusyounot onlyget best-in-classservice,youcanknowthat your businessandsupport stayslocal creating a bright futurefor thebenefit of all.
OUR SUMMIT COUNTY MARKET SHARE
SALES VOLUME COMPARISON | SSF MARKET SHARE
LUXURY SALES VOLUME COMPARISON | SSF MARKET SHARE
Residential Sales Over $2 Million
MARKET OVERVIEW
SALES VOLUME COMPARISON
TRANSACTION COMPARISON
RESIDENTIAL AVERAGE SALES PRICE COMPARISON
ACTIVE INVENTORY BY MONTH
Slifer Smith & Frampton
LUXURY OVERVIEW
Residential Sales Over $2 Million
LUXURY SALES VOLUME COMPARISON
LUXURY TRANSACTION COMPARISON
LAND OVERVIEW
LAND SALES VOLUME COMPARISON
LAND TRANSACTION VOLUME COMPARISON
BRECKENRIDGE
Breckenridgeoffersprospectivehomeownersfar more thanaworld-renownedski destination? it'savibrant, year-round mountaincommunitywitharichhistorical fabric andcontemporaryresidential appeal.Thetown seamlesslyblendsits19th-centuryminingheritagewith sophisticatedmountainliving,creatingauniqueresidential environment that attractsdiversehomeowners
Theresidential landscapespansmultipleneighborhoods, fromhistoric Victorian-erahomesinthedowntowncoreto modernski-accesspropertiesand expansivemountain estates.Eachneighborhood withinthecommunityoffersa distinctivelivingexperience.
Beyondrecreational opportunities,Breckenridgehas cultivatedarobust year-round communityinfrastructure World-classskiingand snowboardinginwinter transitionto mountainbiking,hiking,and cultural festivalsinsummer, ensuringadynamic lifestylefor full-timeresidentsand second-homeowners Thetown'scommitment to preservation? bothhistorical andenvironmental? creates aresidential experiencethat feelsbothtimelessand forward-looking
$574M salesvolumefor single family&duplex,a30% increaseover 2023 $2,668,509 averagesold pricefor singlefamily&duplex,a 15%increaseover 2023 $1,008 averagesold priceper squarefoot for condo & townhome,a4%increase over 2023
#1 market share
COMPARISON
COPPER
Copper Mountaintranscendsitsidentityasaski resort, offeringadistinctiveresidential communitythat prioritizes direct mountainaccessand ayear-round recreational lifestyle.It providesamorepurposeful approachto mountainliving,withresidential optionsthat rangefrom slope-sidecondominiumsto stand-alonemountainhomes.
Unlikemanyresorts,Copper Mountain'slayout naturally dividesitsterrain,aphilosophythat extendsto its residential planning.NeighborhoodslikeEast Village, Center Village,and West Villageoffer varied living experiences,eachprovidinguniqueperspectiveson mountaincommunitydesignand direct accessto world-classskiingand mountaininfrastructure
Beyondwinter recreation,Copper hasdeveloped robust summer offerings,includingmountainbikingtrails,hiking routes,andoutdoor adventureprogramming For homeownersseekingatruemountainlifestylewith comprehensiverecreational access,Copper Mountain representsacompellingresidential environment that balancesnatural beauty,athletic opportunity,and thoughtful communitydesign
SINGLE FAMILY & DUPLEX
$4,904,004 averagesold pricefor singlefamily&duplex,a 54%increaseover 2023
$942,770 averagesold pricefor condo &townhome,a 9%increaseover 2023
$986 averagesold priceper squarefoot for condo & townhome,almost no changeover 2023
SALES VOLUME
COMPARISON
DILLON
DillonrepresentsSummit County'smost strategically positionedcommunity,offeringauniquemountainliving experiencethat balancesappealingpricepoints, accessibility,andrecreational opportunities.Locatedonthe shoresof LakeDillonReservoir,thetownprovides unparalleledaccessto multipleworld-classski resortswhile maintainingitsowndistinctiveresidential character
Thetown'suniquewaterfront locationalongLakeDillon createsanattractiveresidential landscape,withproperties offeringpanoramic viewsof surroundingmountainranges anddirect accessto extensivewater and recreational activities.Neighborhoodsrangefromaffordable condominiumsto custommountainhomes,providing diversehousingoptions.
Thetown'sresidential appeal extendsbeyond itsphysical location Thecommunityoffersamoreaffordableentry point to mountainlivingcompared to morepremiumresort towns,whilestill providingimmediateaccessto Keystone, Breckenridge,andCopper Mountainski resorts.For homeownersseekingapractical,connected mountain lifestyle,Dillondeliversacomprehensiveand approachable residential experience.
SINGLE
VS
& TOWNHOME
COMPARISON
$703,405 averagesold pricefor condo &townhome,a 7%increaseover 2023 $67.5M salesvolumefor condo &townhome,an11% increaseover 2023 $723 averagesold priceper squarefoot for condo & townhome,a5% decreaseover 2023
SSF
#1 market share
SALES
VOLUME COMPARISON
FRISCO
Frisco embodiestheideal of aclassic Colorado mountain community,offeringaresidential experiencethat balances small-towncharmwithexceptional recreational accessibility.Nestled alongtheshoresof LakeDillonand surroundedbySummit County'sdramatic peaks,thetown providesagenuinemountainlivingenvironment beyond typical resort destinations
Thetown'shistoric MainStreet and preservedarchitectural character createadistinctiveresidential backdrop,with housingoptionsrangingfromrestored historic homesto contemporarymountainproperties.Neighborhoodsoffer diverselivingexperiences,fromwalkabledowntown locationsto secludedmountain-facingpropertieswith expansiveviews.
Frisco'sstrategic locationservesasahub for mountain recreation,providingquick accessto nearbyski resorts whilemaintainingitsownuniquecommunityidentity.For homeownersseekinganauthentic mountaintown experiencewithcomprehensiverecreational opportunities, Frisco representsacompellingresidential destinationthat celebratesthegenuinespirit of Colorado mountainliving
SINGLE FAMILY & DUPLEX
CONDOMINIUM & TOWNHOME
AVERAGE PRICE PER SQUARE FOOT
VS
$1,985,948 averagesold pricefor singlefamily&duplex,a 15%increaseover 2023 $1,132,742 averagesold pricefor condo &townhome,a 15%increaseover 2023 $750 averagesold priceper squarefoot for single family&duplex,an8% increaseover 2023
SALES VOLUME
COMPARISON
Keystone,ameticulouslyplanned mountainresort communitythat goesfar beyondtraditional ski destination living Designedwithintentionality,theareaoffersa comprehensiveresidential environment that integrates world-classskiing,year-round recreational opportunities, andcarefullycraftedneighborhood infrastructure.
Thecommunity'sresidential landscapespansmultiple distinct areas,fromtheRiver RunVillage'swalkable, European-inspireddesignto themoresecludedmountain neighborhoodslikeTheKeystoneRanchand Settlers Creek.Eachareaprovidesuniquelivingexperiences,with propertiesrangingfromslope-sidecondominiumsto expansivemountainhomesthat capitalizeondramatic alpineviewsanddirect recreational access.
Keystone'sappeal extendswell beyond winter skiing,with robust summer programmingincludingmountainbiking, golf,hiking,andextensivefamily-orientedfestivals.For homeownersseekingapurposefullydesignedmountain communitythat offersbothrecreational excellenceand thoughtful residential planning,Keystonedeliversaliving experiencethat issimultaneouslysophisticated and genuinelyconnectedto itsalpineenvironment.
$2,225,761 averagesold pricefor singlefamily&duplex,a 12%decreaseover 2023
49 averagedaysonthe market for singlefamily &duplex,a47%decrease over 2023
179 salesfor condo & townhome,a41% increaseover 2023 SSF
#
1 market share
COMPARISON
SILVERTHORNE
SilverthornerepresentsSummit County'smost pragmatic andaccessiblemountaincommunity,offeringaresidential experiencethat prioritizesaccessibility,convenience,and strategic location.Positionedat theconfluenceof major mountainroadways,thetownprovidesanideal basefor thoseseekingcentral mountainliving.
Thecommunity'sresidential landscapefeaturesadiverse rangeof housingoptions,frombudget-friendly condominiumsto emergingplanned neighborhoods. Silverthorne'sproximityto LakeDillonand surroundingski resortscreatesauniquelivingenvironment that balances practicalitywithexceptional recreational access.
Morethanjust agatewaycommunity,Silverthornehas developeditsowndistinct character,withgrowing commercial infrastructure,comprehensiveservices,and a strategic approachto mountaintowndevelopment witha uniquefocusonartsand culture.For homeownersseeking anaffordableentrypoint to Summit Countyliving,with immediateaccessto world-classskiing,outdoor recreation, andmountainlifestyle,Silverthorneoffersacompellingand pragmatic residential proposition
OURNOTABLESALES
881ANTLERROAD
525TWOCABINSDRIVE
$1,978,560 averagesold pricefor singlefamily&duplex,a 21%increaseover 2023
52 averagedaysonmarket for singlefamily& duplex,a9%decrease over 2023
$721 averagesold priceper squarefoot for condo & townhome,a10% increaseover 2023
1 market share
#
VOLUME COMPARISON
NEW DEVELOPMENTS
Weareproudto betheonlybrokerageinColorado withafull divisiondedicatedto bringingnewdevelopmentsto market.Our dedicatednewdevelopment teamhasbeeninstrumental inbringingseveral keyprojectsto market, leveragingdeeplocal knowledgeand long-standingrelationshipsto navigateanever-shiftingmarket Our recent development projectsfocusoncreatingmorediversehousingoptionsthat balanceenvironmental sensitivitywith contemporarylivingneeds Byprioritizingthoughtful design,communityintegration,andmarket responsiveness, thesedevelopmentsarenot just creatinghousing? they'reshapingthefutureof mountainlivinginSummit County andacrossColorado.
1,900 Propertyexpertsinthe ForbesGlobal Properties network
600 International real estate saleslocations
24 Countries 1 Incomparablenetwork, connected to the uniquepower of the Forbesbrand
Weareaproud foundingmember of ForbesGlobal Properties,anetwork of world-classindependent real estatebrokeragesrepresentingtheworld's finest propertiesand thestoriesbehindthem.2024 wasanother banner year for thenetwork asnewglobal memberswereadded buildingthenetwork,all to helprepresent our client'spropertiesinternationallylikenever before
