Frisco Colorado Real Estate Market Report – April 2016
Krystal Knott April 17, 2016
Krystal Knott April 17, 2016
The Frisco, Colorado real estate market is continuing to improve even though the average sales price for the first quarter of 2016 is down slightly compared to all of 2015. While the average sales price of Frisco, Colorado properties is down -3.0%, the average sold price per square foot has increased +5.9%. With only 22 sales so far in 2016, it is highly probable that by the end of the 2nd quarter of 2016 the average sales price will surpass that of 2015.
At the height of the Frisco Colorado real estate market in 2007, the list price to sales price percentage was 98%, in 2010, this dropped to 94% but has since recovered to 99% in 2016. Currently there are only 25 residential properties for sale in Frisco, Colorado. With 223 sales in all of 2015, the absorption rate is notably low at 1.35 months. However, in 2015, Frisco, Colorado only accounted for 11.4% of total residential sales in Summit County real estate. The first quarter sales in 2015 were 25 compared to the first quarter in 2016 with 22 sales. With low inventory and the Summit County real estate market coming into the busier season of spring/summer, more properties should not only come on the market but also sell in Frisco, Colorado.
To discuss the Frisco, Colorado real estate market or other areas in Summit County, Colorado, contact Krystal Knott with Christie’s International Real Estate. She would be happy to answer any questions you have about specific properties, complexes, or the market in general. Contact her directly at (970) 333-0116 or email at [email protected].
These single-family residences are situated on anywhere from 0.14 to 0.43 acres.
If you are looking for a dedicated broker who will not only put your needs first but will work hard to exceed your every expectation, give Krystal a call. She and her unmatched team of professionals are eager to show you that there is no better choice in Summit County to buy or sell your home.