2012 Six Month Slifer Report

T HE SLIFER R EPORT summit count y real estate 2012 six-month market review

TABLE OF CONTENTS Summit County Overview .................... 2–3 Breckenridge ............................................4 Copper Mountain .....................................5 Dillon ........................................................6 Frisco ........................................................7 Keystone ...................................................8 Silverthorne ..............................................9

s u m m i t c o u n t y r e a l e s tat e . c o m

S u m m i t c o u n t y ov e r v i e w

NUMBER OF TR ANSACTIONS

tr ansaction volume comparison 1,500

1,264

1,200

900

1,179

1,112

987

661

600

545 300

0

433

465

2010

2011

$258

$247

2010

2011

315

2004

2005

2006

2007

2008

2009

2012

sales volume comparison $600 $566 $529

$500 $432

$400

MILLIONS

$300

$389 $330

$200

$276

$192

$100

$0

2004

2005

2006

2007

2008

2009

2012

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. Š2012 Slifer Smith & Frampton Real Estate

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2012 six-month Slifer Report

S u m m i t c o u n t y ov e r v i e w aver age sales price $700,000 $647,119 $614,784

$595,083

$600,000 $538,434

$543,499

$525,427

SALES PRICE

$500,000

$436,030

$400,000 $383,940 $356,468 $300,000

2004

2005

2006

2007

2008

2009

2010

2011

2012

3,000 2,582

2,490 2,500

2,218

2,090 2,000

1,787 1,813

1,707

1,500

1,657 1,487

1,000 909

un –J 20 12

20 1

2– J

an

l 20

11 –

Ju

an 20 11 –J

20

10 –

Ju

l

an 20 1

0J

l Ju 20 09 –

an 20 09 –J

Ju 20 08 –

an

0

l

500

20 08 –J

NUMBER OF RESIDENTIAL & L AND PROPERTIES LISTED

summit count y active listing inventory

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. ©2012 Slifer Smith & Frampton Real Estate

2012 six-month Slifer Report

3

Breckenridge Single-Family/Duplex

2008 % CHANGE 2009 % CHANGE 2010 % CHANGE 2011 % CHANGE 2012

Sales Volume

No. of Sales

Ave. Days on Market

Ave. Sale

High Sale

$103,788,989 -26.5% $76,304,285 -17.3% $63,094,122 39.9% $88,262,084 1.2% $89,340,197

107 -32.7% 72 -4.2% 69 36.2% 94 12.8% 106

177 40.1% 248 8.1% 268 9.0% 292 -14.4% 250

$969,991 9.3% $1,059,782 -13.7% $914,408 2.7% $938,958 -10.2% $842,832

$3,150,000 4.8% $3,300,000 -18.2% $2,700,000 -17.2% $2,235,000 67.4% $3,742,500

Low Sale Median Sale $140,000 22.9% $172,000 52.3% $262,000 6.9% $280,000 -28.6% $200,000

$765,000 4.6% $800,000 4.4% $835,000 -4.2% $800,000 -18.4% $652,525

$1million+ sales 34 -20.6% 27 -22.2% 21 57.1% 33 -21.2% 26

condominium / townhome

2008 % CHANGE 2009 % CHANGE 2010 % CHANGE 2011 % CHANGE 2012

Sales Volume

No. of Sales

Ave. Days on Market

Ave. Sale

High Sale

$67,794,669 -65.1% $23,662,000 239.5% $80,331,809 -30.2% $56,053,824 -26.4% $41,275,990

118 -60.2% 47 121.3% 104 9.6% 114 -16.7% 95

174 19.0% 207 103.9% 422 -16.6% 352 -8.2% 323

$574,531 -12.4% $503,447 53.4% $772,421 -36.3% $491,700 -11.6% $434,484

$2,229,000 -41.7% $1,300,000 106.9% $2,690,000 -0.2% $2,685,000 -62.9% $995,000

Sales Volume

No. of Sales

Ave. Days on Market

Ave. Sale

High Sale

$24,980,535 -77.9% $5,514,000 75.1% $9,655,025 -22.5% $7,482,200 5.2% $7,868,990

43 -55.8% 19 15.8% 22 9.1% 24 -4.2% 23

169 61.5% 273 4.0% 284 8.5% 308 72.1% 530

$580,943 -50.0% $290,211 51.2% $438,865 -29.0% $311,758 9.7% $342,130

$1,750,000 20.0% $2,100,000 57.1% $3,300,000 -52.3% $1,575,000 -45.1% $865,000

Low Sale Median Sale $160,000 -28.1% $115,000 -41.7% $67,000 50.7% $101,000 -27.7% $73,000

$444,000 -7.7% $410,000 32.3% $542,500 -20.8% $429,750 -4.6% $410,000

$1million+ sales 11 -63.6% 4 525.0% 25 -76.0% 6 -100.0% 0

homesites

2008 % CHANGE 2009 % CHANGE 2010 % CHANGE 2011 % CHANGE 2012

Low Sale Median Sale $35,000 14.3% $40,000 100.0% $80,000 -95.0% $4,000 375.0% $19,000

$342,000 -59.1% $140,000 28.8% $180,250 7.3% $193,450 19.7% $231,500

$1million+ sales 10 -90.0% 1 100.0% 2 0.0% 2 -100.0% 0

price per square foot comparison Single-Family/Duplex

condominium/townhome

2009

2010

2011

2012

2009

2010

2011

2012

high

$680

$823

$727

$877

high

$780

$1,452

$1,345

$1,070

low

$92

$163

$132

$97

low

$200

$155

$174

$144

average

$348

$291

$273

$285

average

$458

$702

$428

$392

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. Š2012 Slifer Smith & Frampton Real Estate

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2012 six-month Slifer Report

c o p p e r m o u n ta i n Single-Family/Duplex

2008 % CHANGE 2009 % CHANGE 2010 % CHANGE 2011 % CHANGE 2012

Sales Volume

No. of Sales

Ave. Days on Market

Ave. Sale

High Sale

Low Sale Median Sale

$0 NA $0 NA $1,150,000 95.7% $2,250,000 NA $0

0 NA 0 NA 1 0.0% 1 NA 0

0 NA 0 NA 78 198.7% 233 NA 0

$0 NA $0 NA $1,150,000 95.7% $2,250,000 NA $0

$0 NA $0 NA $150,000 1400.0% $2,250,000 NA $0

$0 NA $0 NA $1,150,000 95.7% $2,250,000 NA $0

Low Sale Median Sale

$1million+ sales

$0 NA $0 NA $1,150,000 95.7% $2,250,000 NA $0

0 NA 0 NA 1 0.0% 1 NA 0

condominium / townhome

2008 % CHANGE 2009 % CHANGE 2010 % CHANGE 2011 % CHANGE 2012

Sales Volume

No. of Sales

Ave. Days on Market

Ave. Sale

High Sale

$10,340,125 -64.6% $3,660,900 -15.9% $3,079,500 44.2% $4,440,500 14.2% $5,070,500

24 -62.5% 9 -11.1% 8 100.0% 16 -12.5% 14

84 59.5% 134 52.2% 204 22.1% 249 -4.0% 239

$430,839 -5.6% $406,767 -5.4% $384,938 -27.9% $277,531 30.5% $362,179

$1,400,000 -35.0% $910,000 -28.6% $650,000 -23.1% $500,000 66.4% $832,000

Sales Volume

No. of Sales

Ave. Days on Market

Ave. Sale

High Sale

Low Sale Median Sale

$3,500,000 na $0 na $0 na $1,100,000 -40.9% $650,000

3 na 0 na 0 na 1 0.0% 1

137 na 0 na 0 na 0 na 9

$1,166,667 na $0 na $0 na $1,100,000 -40.9% $650,000

$1,250,000 na $0 na $0 na $1,100,000 -40.9% $650,000

$1,000,000 na $0 na $0 na $1,100,000 -40.9% $650,000

$174,500 57.6% $275,000 -66.5% $92,000 -20.7% $73,000 128.1% $166,500

$322,500 8.5% $349,900 19.7% $418,750 -34.1% $275,750 28.6% $354,500

$1million+ sales 1 -100.0% 0 NA 0 NA 0 NA 0

homesites

2008 % CHANGE 2009 % CHANGE 2010 % CHANGE 2011 % CHANGE 2012

$1,250,000 na $0 na $0 na $1,100,000 -40.9% $650,000

$1million+ sales 3 -100.0% 0 na 0 na 1 -100.0% 0

price per square foot comparison SINGLE-FAMILY/DUPLEX

CONDOMINIUM/TOWNHOME

2009

2010

2011

2012

2009

2010

2011

2012

HIGH

NA

$430

$475

NA

HIGH

$503

$484

$448

$517

LOW

NA

$430

$475

NA

LOW

$328

$174

$87

$231

AVERAGE

NA

$430

$475

NA

AVERAGE

$411

$397

$317

$335

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. Š2012 Slifer Smith & Frampton Real Estate

2012 six-month Slifer Report

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d i l lo n Single-Family/Duplex

2008 % CHANGE 2009 % CHANGE 2010 % CHANGE 2011 % CHANGE 2012

Sales Volume

No. of Sales

Ave. Days on Market

Ave. Sale

High Sale

$13,978,670 -51.2% $6,822,000 53.8% $10,495,050 29.8% $13,624,750 17.8% $16,051,500

25 -56.0% 11 90.9% 21 28.6% 27 3.7% 28

126 19.0% 150 34.7% 202 -7.4% 187 2.1% 191

$559,147 10.9% $620,182 -19.4% $499,764 1.0% $504,620 13.6% $573,268

$1,200,000 -14.2% $1,030,000 -20.9% $815,000 10.4% $900,000 63.9% $1,475,000

Low Sale Median Sale $254,670 25.7% $320,000 -17.2% $265,000 7.2% $284,000 -4.9% $270,000

$506,900 -21.3% $399,000 23.3% $492,000 -8.5% $450,000 -3.9% $432,500

$1million+ sales 1 0.0% 1 -100.0% 0 NA 0 NA 3

condominium / townhome

2008 % CHANGE 2009 % CHANGE 2010 % CHANGE 2011 % CHANGE 2012

Sales Volume

No. of Sales

Ave. Days on Market

Ave. Sale

High Sale

$11,904,840 -60.1% $4,746,000 25.5% $5,955,150 -27.3% $4,328,100 37.2% $5,938,200

45 -64.4% 16 62.5% 26 -19.2% 21 47.6% 31

84 58.3% 133 42.1% 189 -11.1% 168 17.9% 198

$264,552 12.1% $296,625 -22.8% $229,044 -10.0% $206,100 -7.1% $191,555

$745,000 -28.9% $530,000 79.2% $950,000 -44.2% $530,000 -32.5% $358,000

Sales Volume

No. of Sales

Ave. Days on Market

Ave. Sale

High Sale

$3,474,100 NA $0 NA $378,500 14.7% $434,000 5.0% $455,900

10 NA 0 NA 2 50.0% 3 33.3% 4

301 NA 0 NA 76 47.4% 112 142.9% 272

$347,410 NA $0 NA $189,250 -23.6% $144,667 -21.2% $113,975

$1,392,000 NA $0 NA $224,500 -11.4% $199,000 -29.6% $140,000

Low Sale Median Sale $122,500 5.3% $129,000 -16.3% $108,000 -17.4% $89,250 -10.4% $80,000

$1million+ sales

$203,000 40.1% $284,500 -35.0% $185,000 2.7% $190,000 -19.2% $153,500

0 NA 0 NA 0 NA 0 NA 0

homesites

2008 % CHANGE 2009 % CHANGE 2010 % CHANGE 2011 % CHANGE 2012

Low Sale Median Sale $160,000 NA $0 NA $154,000 -25.3% $115,000 -16.5% $96,000

$239,950 NA $0 NA $189,250 -36.6% $120,000 -8.4% $109,950

$1million+ sales 1 -100.0% 0 NA 0 NA 0 NA 0

price per square foot comparison Single-Family/Duplex

condominium/townhome

2009

2010

2011

2012

2009

2010

2011

2012

high

$286

$270

$254

$422

high

$503

$368

$432

$380

low

$148

$143

$75

$125

low

$190

$140

$117

$120

average

$227

$211

$186

$219

average

$300

$239

$217

$206

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. Š2012 Slifer Smith & Frampton Real Estate

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2012 six-month Slifer Report

frisco Single-Family/Duplex

2008 % CHANGE 2009 % CHANGE 2010 % CHANGE 2011 % CHANGE 2012

Sales Volume

No. of Sales

Ave. Days on Market

Ave. Sale

High Sale

$10,190,500 -65.0% $3,563,000 159.8% $9,255,981 -26.5% $6,803,650 73.2% $11,783,058

12 -50.0% 6 116.7% 13 0.0% 13 38.5% 18

295 12.5% 332 -22.9% 256 -14.1% 220 35.9% 299

$849,208 -30.1% $593,833 19.9% $711,999 -26.5% $523,358 25.1% $654,614

$1,267,500 -40.8% $750,000 86.7% $1,400,000 -35.9% $897,500 14.2% $1,025,000

Low Sale Median Sale $498,000 -22.7% $385,000 -48.2% $199,481 60.4% $320,000 -15.0% $271,900

$778,750 -24.4% $589,000 1.9% $600,000 -16.7% $500,000 15.5% $577,500

$1million+ sales 4 -100.0% 0 NA 3 -100.0% 0 NA 1

condominium / townhome

2008 % CHANGE 2009 % CHANGE 2010 % CHANGE 2011 % CHANGE 2012

Sales Volume

No. of Sales

Ave. Days on Market

Ave. Sale

High Sale

$18,735,527 -69.0% $5,813,000 79.7% $10,444,360 -9.8% $9,420,400 60.0% $15,070,790

45 -68.9% 14 107.1% 29 -20.7% 23 69.6% 39

75 110.7% 158 36.1% 215 54.0% 331 -44.7% 183

$416,345 -0.3% $415,214 -13.3% $360,150 36.2% $490,583 -21.2% $386,431

$990,000 -19.2% $800,000 -10.8% $714,000 -7.6% $660,000 13.6% $750,000

Sales Volume

No. of Sales

Ave. Days on Market

Ave. Sale

High Sale

$380,000 100.0% $760,000 -100.0% $0 NA $497,000 75.1% $870,000

1 100.0% 2 -100.0% 0 NA 2 50.0% 3

53 1679.2% 943 -100.0% 0 NA 295 105.8% 607

$380,000 0.0% $380,000 -100.0% $0 NA $248,500 16.7% $290,000

$380,000 15.8% $440,000 -100.0% $0 NA $275,000 70.9% $470,000

Low Sale Median Sale $262,500 -39.0% $160,000 -18.0% $131,250 113.3% $280,000 -33.2% $187,115

$1million+ sales

$395,000 -12.4% $346,000 -9.0% $315,000 17.5% $370,000 2.4% $379,000

0 NA 0 NA 0 NA 0 NA 0

homesites

2008 % CHANGE 2009 % CHANGE 2010 % CHANGE 2011 % CHANGE 2012

Low Sale Median Sale $380,000 -15.8% $320,000 -100.0% $0 NA $222,000 -25.7% $165,000

$1million+ sales

$380,000 0.0% $380,000 -100.0% $0 NA $248,500 -5.4% $235,000

0 NA 0 NA 0 NA 0 NA 0

price per square foot comparison SINGLE-FAMILY/DUPLEX

CONDOMINIUM/TOWNHOME

2009

2010

2011

2012

2009

2010

2011

2012

HIGH

$318

$428

$414

$367

HIGH

$420

$424

$413

$449

LOW

$258

$205

$175

$148

LOW

$211

$205

$203

$166

AVERAGE

$288

$272

$263

$245

AVERAGE

$306

$310

$302

$292

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. Š2012 Slifer Smith & Frampton Real Estate

2012 six-month Slifer Report

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ke ystone Single-Family/Duplex

2008 % CHANGE 2009 % CHANGE 2010 % CHANGE 2011 % CHANGE 2012

Sales Volume

No. of Sales

Ave. Days on Market

Ave. Sale

High Sale

$7,107,500 -11.8% $6,267,000 -25.6% $4,660,000 101.8% $9,402,750 36.9% $12,870,750

6 0.0% 6 0.0% 6 50.0% 9 77.8% 16

228 -19.7% 183 125.7% 413 -13.8% 356 25.0% 445

$1,184,583 -11.8% $1,044,500 -25.6% $776,667 34.5% $1,044,750 -23.0% $804,422

$2,650,000 -43.0% $1,510,000 -7.3% $1,400,000 56.8% $2,195,000 -44.2% $1,225,000

Low Sale Median Sale $800,000 -54.4% $365,000 -30.1% $255,000 -2.5% $248,500 40.3% $348,750

$895,000 40.5% $1,257,500 -37.4% $787,500 25.2% $986,250 -17.1% $817,500

$1million+ sales 2 100.0% 4 -75.0% 1 300.0% 4 0.0% 4

condominium / townhome

2008 % CHANGE 2009 % CHANGE 2010 % CHANGE 2011 % CHANGE 2012

Sales Volume

No. of Sales

Ave. Days on Market

Ave. Sale

High Sale

$44,176,890 -66.3% $14,875,773 20.6% $17,941,700 -11.0% $15,960,700 37.0% $21,864,000

94 -63.8% 34 38.2% 47 0.0% 47 21.3% 57

109 27.5% 139 148.9% 346 -37.9% 215 -3.7% 207

$469,967 -6.9% $437,523 -12.9% $381,206 -10.9% $339,589 13.0% $383,579

$879,000 19.5% $1,050,000 23.8% $1,300,000 -31.2% $895,000 22.9% $1,100,000

Sales Volume

No. of Sales

Ave. Days on Market

Ave. Sale

High Sale

$1,865,000 -9.7% $1,685,000 -94.7% $90,000 75.0% $157,500 403.8% $793,500

3 0.0% 3 -66.7% 1 0.0% 1 200.0% 3

124 -58.9% 51 -100.0% 0 na 0 na 230

$621,667 -9.7% $561,667 -84.0% $90,000 75.0% $157,500 67.9% $264,500

$700,000 0.0% $700,000 -87.1% $90,000 75.0% $157,500 138.1% $375,000

Low Sale Median Sale $169,000 0.9% $170,500 -29.6% $120,000 5.8% $127,000 -13.4% $110,000

$444,950 -18.3% $363,500 -9.2% $330,000 -18.2% $270,000 22.2% $330,000

$1million+ sales 0 NA 1 0.0% 1 -100.0% 0 NA 1

homesites

2008 % CHANGE 2009 % CHANGE 2010 % CHANGE 2011 % CHANGE 2012

Low Sale Median Sale $485,000 -36.1% $310,000 -71.0% $90,000 75.0% $157,500 7.0% $168,500

$1million+ sales

$680,000 -0.7% $675,000 -86.7% $90,000 75.0% $157,500 58.7% $250,000

0 na 0 na 0 na 0 na 0

price per square foot comparison Single-Family/Duplex

condominium/townhome

2009

2010

2011

2012

2009

2010

2011

2012

high

$473

$348

$466

$355

high

$627

$600

$559

$617

low

$253

$210

$87

$172

low

$215

$165

$147

$166

average

$349

$260

$287

$272

average

$368

$346

$301

$313

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. Š2012 Slifer Smith & Frampton Real Estate

8

2012 six-month Slifer Report

s i lv e r t h o r n e Single-Family/Duplex

2008 % CHANGE 2009 % CHANGE 2010 % CHANGE 2011 % CHANGE 2012

Sales Volume

No. of Sales

Ave. Days on Market

Ave. Sale

High Sale

$39,975,940 -48.0% $20,786,499 51.8% $31,561,085 -55.9% $13,911,250 129.3% $31,893,334

44 -45.5% 24 87.5% 45 -37.8% 28 85.7% 52

221 1.8% 225 40.9% 317 -30.6% 220 13.2% 249

$908,544 -4.7% $866,104 -19.0% $701,357 -29.2% $496,830 23.4% $613,333

$3,975,000 -38.4% $2,450,000 -30.6% $1,700,000 -37.1% $1,069,000 54.3% $1,650,000

Low Sale Median Sale $276,900 6.5% $295,000 -22.0% $230,000 -30.4% $160,000 28.1% $205,000

$783,150 -25.8% $581,000 -7.6% $536,900 -10.6% $480,000 9.2% $524,000

$1million+ sales 13 -53.8% 6 50.0% 9 -88.9% 1 400.0% 5

condominium / townhome

2008 % CHANGE 2009 % CHANGE 2010 % CHANGE 2011 % CHANGE 2012

Sales Volume

No. of Sales

Ave. Days on Market

Ave. Sale

High Sale

$18,939,750 -47.9% $9,875,400 -14.5% $8,439,750 35.9% $11,473,520 5.1% $12,060,832

63 -50.8% 31 0.0% 31 45.2% 45 -2.2% 44

78 109.0% 163 -21.5% 128 46.1% 187 17.1% 219

$300,631 6.0% $318,561 -14.5% $272,250 -6.3% $254,967 7.5% $274,110

$672,600 -15.3% $570,000 -19.3% $460,000 -0.9% $456,000 20.6% $550,000

Sales Volume

No. of Sales

Ave. Days on Market

Ave. Sale

High Sale

$8,246,670 -68.7% $2,583,480 -25.9% $1,914,000 149.4% $4,774,055 -37.4% $2,986,200

18 -61.1% 7 -14.3% 6 0.0% 6 66.7% 10

249 3.6% 258 108.5% 538 -18.8% 437 26.8% 554

$458,148 -19.4% $369,069 -13.6% $319,000 149.4% $795,676 -62.5% $298,620

$1,300,000 -65.4% $450,000 5.6% $475,000 734.4% $3,963,555 -80.4% $775,000

Low Sale Median Sale $122,500 10.2% $135,000 22.2% $165,000 -47.0% $87,500 42.9% $125,000

$1million+ sales

$268,500 -0.6% $267,000 -6.4% $250,000 -2.0% $245,000 -1.9% $240,350

0 NA 0 NA 0 NA 0 NA 0

homesites

2008 % CHANGE 2009 % CHANGE 2010 % CHANGE 2011 % CHANGE 2012

Low Sale Median Sale $214,000 -11.2% $190,000 -21.1% $150,000 -63.3% $55,000 134.5% $129,000

$379,050 5.5% $400,000 -19.4% $322,500 -44.1% $180,250 37.9% $248,600

$1million+ sales 2 -100.0% 0 NA 0 NA 1 -100.0% 0

price per square foot comparison SINGLE-FAMILY/DUPLEX

CONDOMINIUM/TOWNHOME

2009

2010

2011

2012

2009

2010

2011

2012

HIGH

$455

$379

$291

$329

HIGH

$402

$298

$337

$308

LOW

$162

$152

$106

$145

LOW

$197

$170

$120

$156

AVERAGE

$287

$249

$219

$234

AVERAGE

$294

$242

$228

$232

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. Š2012 Slifer Smith & Frampton Real Estate

2012 six-month Slifer Report

9

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S U M M IT C OU NT YR EA L E STATE .COM

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. Š2012 Slifer Smith & Frampton Real Estate

10

2012 six-month slifer report