T he Slifer R eport SUMMIT COUNT Y REAL ESTATE 2013 ANNUAL MARKET REVIEW
S U M M I T C O U N T Y R E A L E S TAT E . C O M
TA B L E O F C O N T E N T S Summit County Overview......................... 4 Breckenridge............................................. 6 Copper Mountain...................................... 8 Dillon....................................................... 10 Frisco....................................................... 12 Keystone.................................................. 14 Silverthorne............................................. 16 SSF Information and Office Listings........ 18
W
ith the Holiday Season and 2013 now behind us, it is time to look forward and I expect 2014 to be a good year for mountain real estate. In terms of the Summit County real estate market, I believe the sales activity generated last year will carry over and grow in 2014.
The residential sales volume last year totaled over $740,000,000 which is the highest since 2008. The number of overall residential transactions were also at 5 year high with just under 1,500 sales compared to 1,300 in 2012. Although we are seeing sales volume and transactions rebound, overall pricing has remained relatively flat over the past few years. Today’s buyers are value conscious and smart sellers are pricing their homes to the market and taking advantage of this renewed buyer activity. Luxury home sales over $1 million fared well in Summit County and totaled 131 as compared to 112 in 2012. The highest sale in Summit County was $3.4 million in The Highlands at Breckenridge and was listed by Slifer Smith & Frampton Real Estate. In terms of vacant land in Summit County, sales velocity continues to languish and accounted for just over 100 sales in 2013 which was down from 113 in 2012. Overall prices in most areas of our market seem to have hit the bottom. In our business it is always very difficult to predict the bottom of the market, however I do feel that prices will begin to moderately adjust upwards in 2014. One important statistic I feel is a good indicator of where a market is headed is the overall inventory available for a potential buyer. Our current inventory levels for residential and vacant land continue to drop and is at a 5 year low of almost 1,213. In some communities, a limited amount of properties can present a challenge to prospective buyers. I do expect more listings to be introduced to the market as we approach the spring and summer months but do not foresee a large amount of “shadow inventory” to hit the market. Here’s to a great 2014, we at Slifer Smith & Frampton look forward to working with you.
Best Regards,
Jeff Jeff Moore Managing Broker, Summit County Slifer Smith & Frampton Real Estate
S U M M I T C O U N T Y OV E R V I E W TRANSACTION VOLUME COMPARISON 3,000 2,908
2,888
2,500
2,459
NUMBER OF TRANSACTIONS
2,000 1,634
1,500 1,430
1,352
1,000
985
1,092
1,195
500
0
2005
2006
2007
2008
2009
2010
2011
2012
2013
SALES VOLUME COMPARISON $1,500
1,281.0
$
$1,200
1,313.2
$
1,126.3
$
$900 815.2
$
795.2
$
718.4
$
MILLIONS
$600
$
584.5
$
597.8
$
2009
2010
2011
594.1
$300
$0
2005
2006
2007
2008
2012
2013
Source of all data contained in this report is the Summit Association of Realtors Multiple Listing Service. Information is deemed reliable but not guaranteed. Consult your Slifer Smith & Frampton Broker for more information. Š2014 Slifer Smith & Frampton Real Estate
4
2013 SLIFER REPORT
S U M M I T C O U N T Y OV E R V I E W AVERAGE SALES PRICE HISTORY $700,000 $650,000 602,965
$
593,469
$
$600,000
547,456
$
$550,000
534,056
$
502,766
$
$500,000
497,153
$
$450,000
486,697
$
443,563
$
$400,000 387,335
$
$350,000 $300,000
2005
2006
2007
2008
2009
2010
2011
2012
2013
ACTIVE INVENTORY BY MONTH 3,000 2,800 2,582
2,600
2,490 2,218
2,200
2,072
2,000 1,800 1,600
1,747
1,813 1,707
1,657 1,487
1,400
1,348
1,200
1,217 M ay ‘1 Ju 3 l‘ Se 13 p N ‘13 ov D ‘1 ec 3 ‘1 3
3 ‘1 ar M
M ay ‘1 Ju 2 l‘ Se 12 p N ‘12 ov ‘ Ja 12 n ‘1 3
2 ‘1 ar M
M ay ‘1 Ju 1 l‘ Se 11 p N ‘11 ov ‘ Ja 11 n ‘1 2
1 ‘1 ar M
M ay ‘1 Ju 0 l‘ Se 10 p N ‘10 ov ‘ Ja 10 n ‘1 1
0 ‘1 ar M
M ay ‘0 Ju 9 l‘ Se 09 p N ‘09 ov ‘ Ja 09 n ‘1 0
9 ‘0 ar M
‘0 9
1,000
Ja n
NUMBER OF RESIDENTIAL & LAND PROPERTIES LISTED
2,400
Source of all data contained in this report is the Summit Association of Realtors Multiple Listing Service. Information is deemed reliable but not guaranteed. Consult your Slifer Smith & Frampton Broker for more information. ©2014 Slifer Smith & Frampton Real Estate
2013 SLIFER REPORT
5
BRECKENRIDGE SINGLE-FAMILY/DUPLEX
2009 % CHANGE 2010 % CHANGE 2011 % CHANGE 2012 % CHANGE 2013
SALES VOLUME
NO. OF SALES
AVE. DAYS ON MARKET
AVE. SALE
HIGH SALE
$217,916,722 -24.2% $165,243,848 13.9% $188,174,387 25.3% $235,856,451 1.5% $239,480,646
209 -17.2% 173 31.2% 227 18.5% 269 8.9% 293
252 6.7% 269 -1.1% 266 -14.3% 228 -0.4% 227
$1,042,664 -8.4% $955,167 -13.2% $828,962 5.8% $876,790 -6.8% $817,340
$8,285,000 -52.3% $3,950,000 -17.1% $3,275,000 70.1% $5,570,130 -39.0% $3,400,000
LOW SALE MEDIAN SALE $172,000 16.3% $200,000 -15.1% $169,900 -11.7% $150,000 30.0% $195,000
$800,000 -3.1% $775,000 -9.7% $700,000 -3.6% $675,000 -2.2% $660,000
$1MILLION+ SALES 82 -30.5% 57 8.8% 62 12.9% 70 4.3% 73
CONDOMINIUM / TOWNHOME
2009 % CHANGE 2010 % CHANGE 2011 % CHANGE 2012 % CHANGE 2013
SALES VOLUME
NO. OF SALES
AVE. DAYS ON MARKET
AVE. SALE
HIGH SALE
$75,967,525 76.5% $134,083,512 -11.8% $118,268,874 -6.7% $110,305,596 35.5% $149,433,128
151 50.3% 227 14.5% 260 4.6% 272 26.5% 344
233 44.2% 336 -11.3% 298 -6.4% 279 -25.1% 209
$503,096 17.4% $590,676 -23.0% $454,880 -10.8% $405,535 7.1% $434,399
$1,675,000 60.6% $2,690,000 -0.2% $2,685,000 -52.3% $1,280,000 50.8% $1,930,000
SALES VOLUME
NO. OF SALES
AVE. DAYS ON MARKET
AVE. SALE
HIGH SALE
$11,076,900 60.6% $17,785,085 -19.8% $14,262,750 83.1% $26,110,000 -1.9% $25,625,495
40 45.0% 58 -3.4% 56 25.0% 70 -2.9% 68
282 -3.9% 271 4.1% 282 51.4% 427 16.6% 498
$276,923 10.7% $306,639 -16.9% $254,692 46.5% $373,000 1.0% $376,846
$664,000 397.0% $3,300,000 -52.3% $1,575,000 61.9% $2,550,000 -7.8% $2,350,000
LOW SALE MEDIAN SALE $108,990 -38.5% $67,000 -73.1% $18,000 305.6% $73,000 50.7% $110,000
$410,000 3.7% $425,000 -13.7% $366,750 -4.6% $350,000 3.6% $362,500
$1MILLION+ SALES 12 150.0% 30 -60.0% 12 -58.3% 5 260.0% 18
HOMESITES
2009 % CHANGE 2010 % CHANGE 2011 % CHANGE 2012 % CHANGE 2013
LOW SALE MEDIAN SALE $40,000 -50.0% $20,000 -20.0% $16,000 -6.3% $15,000 -20.0% $12,000
$244,000 -37.6% $152,334 27.0% $193,450 -8.5% $177,000 29.9% $230,000
$1MILLION+ SALES 0 N/A 3 -33.3% 2 200.0% 6 -33.3% 4
PRICE PER SQUARE FOOT COMPARISON SINGLE-FAMILY/DUPLEX
CONDOMINIUM/TOWNHOME
2010
2011
2012
2013
2010
2011
2012
2013
HIGH
$823
$830
$877
$790
HIGH
$1,452
$1,353
$1,071
$1,124
LOW
$109
$151
$87
$88
LOW
$155
$131
$121
$126
AVERAGE
$294
$268
$283
$294
AVERAGE
$546
$403
$390
$416
Source of all data contained in this report is the Summit Association of Realtors Multiple Listing Service. Information is deemed reliable but not guaranteed. Consult your Slifer Smith & Frampton Broker for more information. ©2014 Slifer Smith & Frampton Real Estate
6
2013 SLIFER REPORT
BRECKENRIDGE SINGLE-FAMILY/DUPLEX SALES VOLUME
MULTI-FAMILY SALES VOLUME
SINGLE-FAMILY SALES VOLUME
MULTI-FAMILY SALES VOLUME
$250
$150
149.4
$
239.4
$
235.8
$
$200
134.0
$
$120
118.2
$
188.1
$
165.2
$
$150
$60 MILLIONS
MILLIONS
$100 $50 $0
2010
2011
2012
2013
$30 $0
SINGLE-FAMILY/DUPLEX TR ANSAC TION VOLUME
50 2010
2011
2012
2013
227
150 100 50 0
SINGLE-FAMILY/DUPLEX AVER AGE SALES PRICE
2010
2011
2012
2013
MULTI-FAMILY AVER AGE SALES PRICE
SINGLE-FAMILY AVERAGE SALES PRICE
MULTI-FAMILY AVERAGE SALES PRICE
$1,000,000
$700,000 $600,000
955,167
$
590,000
$
$500,000
$900,000
405,535
$
434,399
$
$300,000
828,962
$
$800,000
545,880
$
$400,000
876,790
$
$850,000
817,340
$
$750,000 $700,000
272
260
200
100
0
344
250
TRANSACTIONS
TRANSACTIONS
150
2013
300
227 173
2012
MULTI-FAMILY TRANSACTION VOLUME
293
200
2011
350
269
250
2010
MULTI-FAMILY TR ANSAC TION VOLUME
SINGLE-FAMILY TRANSACTION VOLUME 300
$950,000
110.3
$
$90
$200,000 $100,000
2010
2011
2012
2013
$0
2010
2011
2012
2013
Source of all data contained in this report is the Summit Association of Realtors Multiple Listing Service. Information is deemed reliable but not guaranteed. Consult your Slifer Smith & Frampton Broker for more information. ©2014 Slifer Smith & Frampton Real Estate
2013 SLIFER REPORT
7
C O P P E R M O U N TA I N SINGLE-FAMILY/DUPLEX
2009 % CHANGE 2010 % CHANGE 2011 % CHANGE 2012 % CHANGE 2013
SALES VOLUME
NO. OF SALES
AVE. DAYS ON MARKET
AVE. SALE
HIGH SALE
LOW SALE MEDIAN SALE
$2,650,000 188.5% $7,645,000 -9.8% $6,899,000 -75.4% $1,700,000 114.7% $3,650,000
1 300.0% 4 -25.0% 3 -66.7% 1 100.0% 2
115 232.2% 382 -2.6% 372 -19.1% 301 207.6% 926
$2,650,000 -27.9% $1,911,250 20.3% $2,299,667 -26.1% $1,700,000 7.4% $1,825,000
$2,650,000 13.0% $2,995,000 -4.9% $2,849,000 -40.3% $1,700,000 11.8% $1,900,000
$2,650,000 -56.6% $1,150,000 56.5% $1,800,000 -5.6% $1,700,000 2.9% $1,750,000
LOW SALE MEDIAN SALE
$2,650,000 -34.0% $1,750,000 28.6% $2,250,000 -24.4% $1,700,000 7.4% $1,825,000
$1MILLION+ SALES 1 300.0% 4 -25.0% 3 -66.7% 1 100.0% 2
CONDOMINIUM / TOWNHOME
2009 % CHANGE 2010 % CHANGE 2011 % CHANGE 2012 % CHANGE 2013
SALES VOLUME
NO. OF SALES
AVE. DAYS ON MARKET
AVE. SALE
HIGH SALE
$17,694,000 -38.5% $10,878,800 -7.1% $10,101,250 35.0% $13,634,360 34.5% $18,342,100
39 -25.6% 29 -3.4% 28 46.4% 41 26.8% 52
301 -28.2% 216 20.8% 261 38.7% 362 2.2% 370
$453,692 -17.3% $375,131 -3.8% $360,759 -7.8% $332,545 6.1% $352,733
$964,900 -14.5% $825,000 54.5% $1,275,000 -34.7% $832,000 35.2% $1,125,000
SALES VOLUME
NO. OF SALES
AVE. DAYS ON MARKET
AVE. SALE
HIGH SALE
LOW SALE MEDIAN SALE
$0 N/A $0 N/A $1,100,000 68.2% $1,850,000 -7.5% $1,712,000
0 N/A 0 N/A 1 100.0% 2 0.0% 2
0 N/A 0 N/A 0 #DIV/0! 49 569.4% 328
$0 N/A $0 N/A $1,100,000 -15.9% $925,000 -7.5% $856,000
$0 N/A $0 N/A $1,100,000 9.1% $1,200,000 -24.0% $912,000
$0 N/A $0 N/A $1,100,000 -40.9% $650,000 23.1% $800,000
$233,500 -60.6% $92,000 -22.3% $71,500 81.7% $129,900 6.2% $138,000
$377,520 -9.9% $340,000 -2.2% $332,500 4.7% $348,000 -12.9% $303,000
$1MILLION+ SALES 0 n/a 0 n/a 1 -100.0% 0 200.0% 2
HOMESITES
2009 % CHANGE 2010 % CHANGE 2011 % CHANGE 2012 % CHANGE 2013
$0 N/A $0 N/A $1,100,000 -15.9% $925,000 -7.5% $856,000
$1MILLION+ SALES 0 N/A 0 N/A 1 0.0% 1 -100.0% 0
PRICE PER SQUARE FOOT COMPARISON SINGLE-FAMILY/DUPLEX
CONDOMINIUM/TOWNHOME
2010
2011
2012
2013
2010
2011
2012
2013
HIGH
$574
$500
$491
$479
HIGH
$583
$472
$517
$555
LOW
$374
$475
$491
$350
LOW
$174
$221
$176
$170
AVERAGE
$452
$490
$491
$415
AVERAGE
$385
$368
$335
$359
Source of all data contained in this report is the Summit Association of Realtors Multiple Listing Service. Information is deemed reliable but not guaranteed. Consult your Slifer Smith & Frampton Broker for more information. ©2014 Slifer Smith & Frampton Real Estate
8
2013 SLIFER REPORT
C O P P E R M O U N TA I N SINGLE-FAMILY/DUPLEX SALES VOLUME
MULTI-FAMILY SALES VOLUME
SINGLE-FAMILY SALES VOLUME
MULTI-FAMILY SALES VOLUME
$8.0 $7.0
$20 7.645
$
18.34
$
6.899
$
$6.0
$15
$5.0
13.63
$
$4.0
$10 MILLIONS
MILLIONS
$2.0 1.700
$
$1.0 2010
2011
2012
2013
$5
$0
SINGLE-FAMILY/DUPLEX TR ANSAC TION VOLUME
2010
2011
2012
2013
MULTI-FAMILY TR ANSAC TION VOLUME
SINGLE-FAMILY TRANSACTION VOLUME
MULTI-FAMILY TRANSACTION VOLUME
5
60 50
4
52
4 40
3
3
2
2
1
1
0
2010
2011
2012
2013
TRANSACTIONS
TRANSACTIONS
10.10
$
3.650
$
$3.0
$0
10.87
$
41
30
29
28
20 10 0
SINGLE-FAMILY/DUPLEX AVER AGE SALES PRICE
2010
2011
2012
2013
MULTI-FAMILY AVER AGE SALES PRICE
SINGLE-FAMILY AVERAGE SALES PRICE
MULTI-FAMILY AVERAGE SALES PRICE
$2.5
$380,000 375,131
$
2.299
$
$2.0 1.911
$
1.825
$360,000
360,759
$
$
1.700
$
$1.5
352,733
$
$340,000 MILLIONS
$1.0
332,545
$
$320,000
$0.5 $0
2010
2011
2012
2013
$300,000
2010
2011
2012
2013
Source of all data contained in this report is the Summit Association of Realtors Multiple Listing Service. Information is deemed reliable but not guaranteed. Consult your Slifer Smith & Frampton Broker for more information. ©2014 Slifer Smith & Frampton Real Estate
2013 SLIFER REPORT
9
D I L LO N SINGLE-FAMILY/DUPLEX
2009 % CHANGE 2010 % CHANGE 2011 % CHANGE 2012 % CHANGE 2013
SALES VOLUME
NO. OF SALES
AVE. DAYS ON MARKET
AVE. SALE
HIGH SALE
$19,158,600 35.6% $25,978,050 0.9% $26,218,353 33.8% $35,074,040 7.2% $37,610,925
37 27.0% 47 12.8% 53 24.5% 66 6.1% 70
174 12.1% 195 -3.6% 188 -14.9% 160 -15.0% 136
$517,800 6.7% $552,724 -10.5% $494,686 7.4% $531,425 1.1% $537,299
$1,030,000 151.6% $2,591,000 -64.7% $915,000 61.2% $1,475,000 -11.9% $1,300,000
LOW SALE MEDIAN SALE $294,200 -9.9% $265,000 1.5% $269,000 -25.7% $200,000 11.0% $222,000
$399,000 15.9% $462,500 7.0% $495,000 -10.1% $445,000 -16.4% $372,000
$1MILLION+ SALES 1 100.0% 2 -100.0% 0 N/A 3 33.3% 4
CONDOMINIUM / TOWNHOME
2009 % CHANGE 2010 % CHANGE 2011 % CHANGE 2012 % CHANGE 2013
SALES VOLUME
NO. OF SALES
AVE. DAYS ON MARKET
AVE. SALE
HIGH SALE
$14,401,925 -12.4% $12,622,910 26.0% $15,911,138 20.7% $19,197,450 20.8% $23,183,695
60 -1.7% 59 27.1% 75 16.0% 87 13.8% 99
157 15.3% 181 4.4% 189 -6.9% 176 -16.5% 147
$240,032 -10.9% $213,948 -0.8% $212,149 4.0% $220,660 6.1% $234,179
$955,000 -0.5% $950,000 -32.6% $640,000 7.4% $687,500 11.3% $765,000
SALES VOLUME
NO. OF SALES
AVE. DAYS ON MARKET
AVE. SALE
HIGH SALE
$193,000 443.7% $1,049,400 -45.9% $568,000 107.7% $1,179,900 -22.6% $913,450
1 500.0% 6 -33.3% 4 75.0% 7 0.0% 7
403 -63.0% 149 44.3% 215 57.7% 339 84.7% 626
$193,000 -9.4% $174,900 -18.8% $142,000 18.7% $168,557 -22.6% $130,493
$193,000 78.8% $345,000 -42.3% $199,000 63.3% $325,000 -48.9% $166,000
LOW SALE MEDIAN SALE $110,000 -10.0% $99,000 -34.5% $64,888 20.2% $78,000 1.3% $79,000
$1MILLION+ SALES
$192,200 -3.7% $185,000 16.2% $215,000 -16.7% $179,000 20.1% $215,000
0 N/A 0 N/A 0 N/A 0 N/A 0
HOMESITES
2009 % CHANGE 2010 % CHANGE 2011 % CHANGE 2012 % CHANGE 2013
LOW SALE MEDIAN SALE $193,000 -91.7% $16,000 618.8% $115,000 -16.5% $96,000 -14.6% $82,000
$1MILLION+ SALES
$193,000 -12.2% $169,450 -25.1% $127,000 -9.5% $114,900 22.7% $141,000
0 N/A 0 N/A 0 N/A 0 N/A 0
PRICE PER SQUARE FOOT COMPARISON SINGLE-FAMILY/DUPLEX
CONDOMINIUM/TOWNHOME
2010
2011
2012
2013
2010
2011
2012
2013
HIGH
$438
$277
$422
$332
HIGH
$443
$432
$451
$408
LOW
$112
$75
$124
$101
LOW
$104
$111
$121
$122
AVERAGE
$220
$199
$213
$228
AVERAGE
$235
$219
$221
$236
Source of all data contained in this report is the Summit Association of Realtors Multiple Listing Service. Information is deemed reliable but not guaranteed. Consult your Slifer Smith & Frampton Broker for more information. ©2014 Slifer Smith & Frampton Real Estate
10
2013 SLIFER REPORT
D I L LO N SINGLE-FAMILY/DUPLEX SALES VOLUME
MULTI-FAMILY SALES VOLUME
SINGLE-FAMILY SALES VOLUME
MULTI-FAMILY SALES VOLUME $25
$40 37.61
$
$35 $30
23.18
$
35.07
$
$20 19.19
$
$25
25.97
26.21
$
$15
$
15.91
$
$20 MILLIONS
MILLIONS
$10 $5 $0
2010
2011
2012
2013
$5 $0
SINGLE-FAMILY/DUPLEX TR ANSAC TION VOLUME SINGLE-FAMILY TRANSACTION VOLUME
2011
2013
MULTI-FAMILY TRANSACTION VOLUME
70
66
60 50
75
TRANSACTIONS
20 10 2010
87
60
30
0
99
80
53
47
40
2011
2012
2013
59
40 20 0
SINGLE-FAMILY/DUPLEX AVER AGE SALES PRICE
2010
2011
2012
2013
MULTI-FAMILY AVER AGE SALES PRICE
SINGLE-FAMILY AVERAGE SALES PRICE
MULTI-FAMILY AVERAGE SALES PRICE
$575,000
$240,000 234,179
$
552,724
$
$230,000
$525,000
531,425
$
537,299
$
$220,000
220,660
$
$500,000 494,686
$
$210,000
$475,000 $450,000
2012
100
70
TRANSACTIONS
2010
MULTI-FAMILY TR ANSAC TION VOLUME
80
$550,000
12.62
$
$10
$15
2010
2011
2012
2013
213,948
$
$200,000
2010
212,149
$
2011
2012
2013
Source of all data contained in this report is the Summit Association of Realtors Multiple Listing Service. Information is deemed reliable but not guaranteed. Consult your Slifer Smith & Frampton Broker for more information. ©2014 Slifer Smith & Frampton Real Estate
2013 SLIFER REPORT
11
FRISCO SINGLE-FAMILY/DUPLEX
2009 % CHANGE 2010 % CHANGE 2011 % CHANGE 2012 % CHANGE 2013
SALES VOLUME
NO. OF SALES
AVE. DAYS ON MARKET
AVE. SALE
HIGH SALE
$23,413,400 -0.2% $23,371,731 17.3% $27,423,515 -9.6% $24,786,583 38.6% $34,354,711
33 -3.0% 32 34.4% 43 -16.3% 36 33.3% 48
263 -23.2% 202 1.5% 205 32.2% 271 -31.4% 186
$709,497 2.9% $730,367 -12.7% $637,756 8.0% $688,516 4.0% $715,723
$1,600,000 18.8% $1,900,000 -31.6% $1,300,000 -5.8% $1,225,000 17.1% $1,435,069
LOW SALE MEDIAN SALE $350,000 -43.0% $199,481 5.2% $209,900 29.5% $271,900 28.7% $350,000
$649,000 -15.3% $550,000 1.6% $559,000 12.4% $628,500 13.4% $713,000
$1MILLION+ SALES 3 133.3% 7 -57.1% 3 33.3% 4 0.0% 4
CONDOMINIUM / TOWNHOME
2009 % CHANGE 2010 % CHANGE 2011 % CHANGE 2012 % CHANGE 2013
SALES VOLUME
NO. OF SALES
AVE. DAYS ON MARKET
AVE. SALE
HIGH SALE
$25,108,473 31.8% $33,104,305 9.9% $36,388,000 25.4% $45,631,143 -9.4% $41,357,603
65 29.2% 84 11.9% 94 29.8% 122 -8.2% 112
213 5.6% 225 6.7% 240 -7.9% 221 -26.2% 163
$386,284 2.0% $394,099 -1.8% $387,106 -3.4% $374,026 -1.3% $369,264
$800,000 10.3% $882,500 -0.3% $880,000 -4.5% $840,000 1.7% $854,000
SALES VOLUME
NO. OF SALES
AVE. DAYS ON MARKET
AVE. SALE
HIGH SALE
$1,020,000 92.8% $1,967,000 -17.2% $1,629,500 24.0% $2,020,000 -23.3% $1,549,000
3 100.0% 6 -16.7% 5 40.0% 7 -28.6% 5
710 -82.1% 127 165.4% 337 46.6% 494 -18.8% 401
$340,000 -3.6% $327,883 -0.6% $325,900 -11.5% $288,571 7.4% $309,800
$440,000 -3.4% $425,000 47.1% $625,000 -24.8% $470,000 -19.1% $380,000
LOW SALE MEDIAN SALE $149,080 -12.0% $131,250 -4.0% $126,000 -0.8% $125,000 4.0% $130,000
$1MILLION+ SALES
$355,000 -1.1% $351,250 -3.9% $337,500 6.4% $359,000 -2.8% $349,000
0 N/A 0 N/A 0 N/A 0 N/A 0
HOMESITES
2009 % CHANGE 2010 % CHANGE 2011 % CHANGE 2012 % CHANGE 2013
LOW SALE MEDIAN SALE $260,000 -6.9% $242,000 -8.3% $222,000 -25.7% $165,000 13.9% $188,000
$1MILLION+ SALES
$320,000 4.7% $335,000 -17.9% $275,000 1.8% $280,000 32.1% $370,000
0 N/A 0 N/A 0 N/A 0 N/A 0
PRICE PER SQUARE FOOT COMPARISON SINGLE-FAMILY/DUPLEX
CONDOMINIUM/TOWNHOME
2010
2011
2012
2013
2010
2011
2012
2013
HIGH
$627
$701
$423
$833
HIGH
$428
$465
$449
$512
LOW
$184
$161
$148
$193
LOW
$68
$171
$166
$188
AVERAGE
$299
$283
$264
$319
AVERAGE
$309
$306
$294
$298
Source of all data contained in this report is the Summit Association of Realtors Multiple Listing Service. Information is deemed reliable but not guaranteed. Consult your Slifer Smith & Frampton Broker for more information. ©2014 Slifer Smith & Frampton Real Estate
12
2013 SLIFER REPORT
FRISCO SINGLE-FAMILY/DUPLEX SALES VOLUME
MULTI-FAMILY SALES VOLUME
SINGLE-FAMILY SALES VOLUME
MULTI-FAMILY SALES VOLUME $50
$35 34.35
$
$30 27.42
$25
24.78
23.37
36.38
33.10
$30
$15
$
$20
$10
MILLIONS
MILLIONS
41.35
$ $
$
$
$20
45.63
$
$40
$
$5 $0
2010
2011
2012
2013
$10 $0
SINGLE-FAMILY/DUPLEX TR ANSAC TION VOLUME
2010
2011
2012
2013
MULTI-FAMILY TR ANSAC TION VOLUME
SINGLE-FAMILY TRANSACTION VOLUME
MULTI-FAMILY TRANSACTION VOLUME
50
150 48 43
40
36
32
20 10 0
2010
2011
2012
2013
60 30 0
2010
2011
2012
2013
MULTI-FAMILY AVER AGE SALES PRICE
SINGLE-FAMILY AVERAGE SALES PRICE
MULTI-FAMILY AVERAGE SALES PRICE $400,000
$800,000
$390,000 730,367
$
715,723
394,099
$
387,106
$
$
688,516
$
$650,000
$380,000 374,026
$
$370,000
637,756
$
$575,000
$500,000
112
94
84
SINGLE-FAMILY/DUPLEX AVER AGE SALES PRICE
$725,000
122
90 TRANSACTIONS
TRANSACTIONS
30
120
369,264
$
$360,000
2010
2011
2012
2013
$350,000
2010
2011
2012
2013
Source of all data contained in this report is the Summit Association of Realtors Multiple Listing Service. Information is deemed reliable but not guaranteed. Consult your Slifer Smith & Frampton Broker for more information. ©2014 Slifer Smith & Frampton Real Estate
2013 SLIFER REPORT
13
KE YSTONE SINGLE-FAMILY/DUPLEX
2009 % CHANGE 2010 % CHANGE 2011 % CHANGE 2012 % CHANGE 2013
SALES VOLUME
NO. OF SALES
AVE. DAYS ON MARKET
AVE. SALE
HIGH SALE
$21,609,750 -44.5% $11,996,500 42.7% $17,124,250 68.3% $28,821,750 -26.4% $21,198,749
18 -11.1% 16 0.0% 16 87.5% 30 -26.7% 22
197 83.8% 362 -21.8% 283 52.3% 431 -38.5% 265
$1,200,542 -37.7% $747,906 43.1% $1,070,266 -10.2% $960,725 0.3% $963,580
$3,050,000 -47.5% $1,600,000 37.2% $2,195,000 18.5% $2,600,000 -26.9% $1,899,999
LOW SALE MEDIAN SALE $120,000 112.5% $255,000 21.6% $310,000 -6.5% $290,000 8.6% $315,000
$1,287,500 -41.6% $752,000 28.0% $962,500 -9.5% $871,500 14.2% $995,000
$1MILLION+ SALES 13 -84.6% 2 200.0% 6 83.3% 11 -9.1% 10
CONDOMINIUM / TOWNHOME
2009 % CHANGE 2010 % CHANGE 2011 % CHANGE 2012 % CHANGE 2013
SALES VOLUME
NO. OF SALES
AVE. DAYS ON MARKET
AVE. SALE
HIGH SALE
$46,973,773 8.7% $51,077,524 -19.2% $41,259,975 40.4% $57,939,049 11.0% $64,299,000
119 15.1% 137 -12.4% 120 38.3% 166 18.1% 196
168 16.1% 195 15.4% 225 -4.4% 215 0.5% 216
$394,738 -5.6% $372,829 -7.8% $343,833 1.5% $349,030 -6.0% $328,056
$1,300,000 0.0% $1,300,000 7.7% $1,400,000 -21.4% $1,100,000 -4.6% $1,049,000
SALES VOLUME
NO. OF SALES
AVE. DAYS ON MARKET
AVE. SALE
HIGH SALE
$3,285,000 -94.2% $190,000 243.4% $652,500 251.9% $2,296,300 -43.6% $1,295,000
7 -71.4% 2 50.0% 3 233.3% 10 -30.0% 7
189 -88.9% 21 1738.1% 386 -21.2% 304 -49.7% 153
$469,286 -79.8% $95,000 128.9% $217,500 5.6% $229,630 -19.4% $185,000
$700,000 -85.7% $100,000 235.0% $335,000 11.9% $375,000 -12.0% $330,000
LOW SALE MEDIAN SALE $124,000 -11.3% $110,000 7.3% $118,000 -15.3% $100,000 -74.9% $25,100
$340,000 -5.0% $323,000 -13.3% $280,000 7.9% $302,000 -4.0% $290,000
$1MILLION+ SALES 2 -50.0% 1 0.0% 1 0.0% 1 0.0% 1
HOMESITES
2009 % CHANGE 2010 % CHANGE 2011 % CHANGE 2012 % CHANGE 2013
LOW SALE MEDIAN SALE $240,000 -62.5% $90,000 75.0% $157,500 -3.4% $152,100 -8.0% $140,000
$1MILLION+ SALES
$410,000 -76.8% $95,000 68.4% $160,000 30.8% $209,250 -24.7% $157,500
0 N/A 0 N/A 0 N/A 0 N/A 0
PRICE PER SQUARE FOOT COMPARISON SINGLE-FAMILY/DUPLEX
CONDOMINIUM/TOWNHOME
2010
2011
2012
2013
2010
2011
2012
2013
HIGH
$445
$466
$468
$445
HIGH
$665
$595
$617
$621
LOW
$168
$167
$172
$186
LOW
$165
$166
$125
$126
AVERAGE
$300
$307
$281
$293
AVERAGE
$340
$312
$305
$303
Source of all data contained in this report is the Summit Association of Realtors Multiple Listing Service. Information is deemed reliable but not guaranteed. Consult your Slifer Smith & Frampton Broker for more information. ©2014 Slifer Smith & Frampton Real Estate
14
2013 SLIFER REPORT
KE YSTONE SINGLE-FAMILY/DUPLEX SALES VOLUME
MULTI-FAMILY SALES VOLUME
SINGLE-FAMILY SALES VOLUME
MULTI-FAMILY SALES VOLUME
$30
$80 28.82
$
$25
$70 64.29
$
$60 $20
21.19
$
17.12
$15 $10
11.99
$5 2010
2011
2012
2013
$20 $10 $0
SINGLE-FAMILY/DUPLEX TR ANSAC TION VOLUME
2010
2011
SINGLE-FAMILY TRANSACTION VOLUME
2013
MULTI-FAMILY TRANSACTION VOLUME 200 196
30
30
166
150
25
137
22
15
16
TRANSACTIONS
20 16
10 5 0
2010
2011
2012
2013
120
100
50
0
SINGLE-FAMILY/DUPLEX AVER AGE SALES PRICE
2010
2011
2012
2013
MULTI-FAMILY AVER AGE SALES PRICE
SINGLE-FAMILY AVERAGE SALES PRICE
MULTI-FAMILY AVERAGE SALES PRICE
$1,200,000
$380,000
$1,000,000
372,829
$
1,070,266
$
960,725
$
$800,000
963,580
$
747,906
$360,000
$
$600,000
2012
MULTI-FAMILY TR ANSAC TION VOLUME
35
TRANSACTIONS
41.25
$
$30
$
$0
51.07
$
$40 MILLIONS
MILLIONS
$50
$
57.93
$
349,030
$
$340,000
343,833
$
$400,000
328,056
$
$320,000 $200,000 $0
2010
2011
2012
2013
$300,000
2010
2011
2012
2013
Source of all data contained in this report is the Summit Association of Realtors Multiple Listing Service. Information is deemed reliable but not guaranteed. Consult your Slifer Smith & Frampton Broker for more information. ©2014 Slifer Smith & Frampton Real Estate
2013 SLIFER REPORT
15
S I LV E R T H O R N E SINGLE-FAMILY/DUPLEX
2009 % CHANGE 2010 % CHANGE 2011 % CHANGE 2012 % CHANGE 2013
SALES VOLUME
NO. OF SALES
AVE. DAYS ON MARKET
AVE. SALE
HIGH SALE
$63,646,248 9.8% $69,855,985 -21.9% $54,523,810 47.6% $80,484,984 3.1% $82,995,164
77 32.5% 102 -10.8% 91 37.4% 125 0.0% 125
269 4.8% 282 1.1% 285 -10.5% 255 -26.3% 188
$826,575 -17.1% $684,863 -12.5% $599,163 7.5% $643,880 3.1% $663,961
$3,100,000 -29.0% $2,200,000 -20.5% $1,750,000 29.1% $2,260,000 17.3% $2,650,000
LOW SALE MEDIAN SALE $278,000 -17.3% $230,000 -30.4% $160,000 -5.0% $152,000 -40.8% $90,000
$650,000 -9.1% $591,000 -16.2% $495,000 14.1% $565,000 9.7% $620,000
$1MILLION+ SALES 20 -25.0% 15 -20.0% 12 33.3% 16 6.3% 17
CONDOMINIUM / TOWNHOME
2009 % CHANGE 2010 % CHANGE 2011 % CHANGE 2012 % CHANGE 2013
SALES VOLUME
NO. OF SALES
AVE. DAYS ON MARKET
AVE. SALE
HIGH SALE
$32,736,108 -22.9% $25,243,542 10.2% $27,825,690 -3.2% $26,938,119 68.5% $45,392,567
106 -14.2% 91 13.2% 103 -3.9% 99 68.7% 167
175 2.9% 180 -3.9% 173 6.9% 185 -18.4% 151
$308,831 -10.2% $277,402 -2.6% $270,152 0.7% $272,102 -0.1% $271,812
$595,000 -10.1% $535,000 2.4% $547,820 0.4% $550,000 7.3% $590,000
SALES VOLUME
NO. OF SALES
AVE. DAYS ON MARKET
AVE. SALE
HIGH SALE
$6,554,480 -33.2% $4,376,500 31.7% $5,763,254 -13.6% $4,979,230 -42.4% $2,869,400
17 -11.8% 15 -20.0% 12 58.3% 19 -21.1% 15
276 92.4% 531 0.9% 536 -22.4% 416 43.8% 598
$385,558 -24.3% $291,767 64.6% $480,271 -45.4% $262,065 -27.0% $191,293
$1,400,000 -41.1% $825,000 380.4% $3,963,555 -80.4% $775,000 -65.8% $265,000
LOW SALE MEDIAN SALE $110,000 4.5% $115,000 -23.9% $87,500 -4.0% $84,000 4.8% $88,000
$1MILLION+ SALES
$280,000 -8.9% $255,000 -3.9% $245,000 2.0% $250,000 -2.0% $245,000
0 N/A 0 N/A 0 N/A 0 N/A 0
HOMESITES
2009 % CHANGE 2010 % CHANGE 2011 % CHANGE 2012 % CHANGE 2013
LOW SALE MEDIAN SALE $190,000 -52.6% $90,000 -38.9% $55,000 134.5% $129,000 4.6% $134,900
$347,000 -20.7% $275,000 -40.4% $164,000 50.7% $247,200 -24.8% $186,000
$1MILLION+ SALES 1 -100.0% 0 N/A 1 -100.0% 0 N/A 0
PRICE PER SQUARE FOOT COMPARISON SINGLE-FAMILY/DUPLEX
CONDOMINIUM/TOWNHOME
2010
2011
2012
2013
2010
2011
2012
2013
HIGH
$416
$481
$672
$568
HIGH
$333
$337
$325
$331
LOW
$114
$95
$113
$85
LOW
$165
$120
$143
$120
AVERAGE
$249
$231
$232
$256
AVERAGE
$242
$226
$226
$227
Source of all data contained in this report is the Summit Association of Realtors Multiple Listing Service. Information is deemed reliable but not guaranteed. Consult your Slifer Smith & Frampton Broker for more information. ©2014 Slifer Smith & Frampton Real Estate
16
2013 SLIFER REPORT
S I LV E R T H O R N E SINGLE-FAMILY/DUPLEX SALES VOLUME
MULTI-FAMILY SALES VOLUME
SINGLE-FAMILY SALES VOLUME
MULTI-FAMILY SALES VOLUME
$100
$50 45.39
$
$80
$40
82.99
$
80.48
$
69.85
$
$60
$30 54.52
$
$20 MILLIONS
MILLIONS
$40 $20 $0
2010
2011
2012
2013
26.93
$
$10 $0
SINGLE-FAMILY/DUPLEX TR ANSAC TION VOLUME
2010
2011
2012
2013
MULTI-FAMILY TR ANSAC TION VOLUME
SINGLE-FAMILY TRANSACTION VOLUME
MULTI-FAMILY TRANSACTION VOLUME
150
200
120
125
125
167
150
102
90
91 TRANSACTIONS
TRANSACTIONS
27.82
$
25.24
$
60 30 0
2010
2011
2012
2013
100 91
103
99
2011
2012
50
0
SINGLE-FAMILY/DUPLEX AVER AGE SALES PRICE
2010
2013
MULTI-FAMILY AVER AGE SALES PRICE
SINGLE-FAMILY AVERAGE SALES PRICE
MULTI-FAMILY AVERAGE SALES PRICE
$750,000
$380,000 372,829
$
$700,000
$360,000
684,863
$
$650,000
663,961
$
643,880
$
$600,000
343,833
$
599,163
$
328,056
$
$320,000
$550,000 $500,000
349,030
$
$340,000
2010
2011
2012
2013
$300,000
2010
2011
2012
2013
Source of all data contained in this report is the Summit Association of Realtors Multiple Listing Service. Information is deemed reliable but not guaranteed. Consult your Slifer Smith & Frampton Broker for more information. ©2014 Slifer Smith & Frampton Real Estate
2013 SLIFER REPORT
17
THE MOST TRUSTED NAME IN COLOR ADO MOUNTAIN RE AL ESTATE FOR 50 YE ARS
SSF ANNUAL CLOSED SALES VOLUME $300
$250
$200
$150
MILLIONS
$100
$50
$0
2009
2010
2011
2012
2013
Today’s real estate market can be extremely complicated. Now more than ever its important that you work with the market experts. Slifer Smith & Frampton Real Estate has a 50-year perspective in Colorado mountain real estate, over 30 brokers in Summit County and has negotiated an average of over $200 million in transactions each of the past five years.
S U M M I T C O U N T Y R E A L E S TAT E . C O M
18
2013 SLIFER REPORT
SLIFER SMITH & FR AMP TON RE AL ESTATE OFFICES FOR FURTHER REAL ESTATE MARKET INFORMATION PLEASE VISIT US AT THE FOLLOWING LOCATIONS THROUGHOUT SUMMIT COUNTY:
BRECKENRIDGE 117 SOUTH MAIN STREET P.O. Box 959 Breckenridge, CO 80424 Phone: (970)453-9090 Toll-free: (888)531-2800 211 NORTH MAIN STREET P.O. Box 8740 Breckenridge, CO 80424 Phone: (970)547-6000 Toll-free: (877)333-8850
FRISCO 916 NORTH SUMMIT BOULEVARD P.O. Box 2314 Frisco, CO 80443 Phone: (970)668-1550
KEYSTONE KEYSTONE RESORT 0140 Ida Belle Drive F-12 P.O. Box 38-K61 Keystone, CO 80435 Phone: (970)496-4522 Toll-free: (800)548-3307
2013 SLIFER REPORT
19
ONE WEBSITE... EVERY PROPERT Y IN SUMMIT COUNT Y
Summit CountyR eal E state.com