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
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11 –
Ju
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20
10 –
Ju
l
an 20 1
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an 20 09 –J
Ju 20 08 –
an
0
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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
7
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