Keystone Condos Real Estate Market Report – January 2013
Krystal Knott January 4, 2013
Krystal Knott January 4, 2013
Keystone condo sales accounted for 71% of the sales in the Keystone Real Estate market in 2012. The majority of the properties in Keystone Colorado are condos. While each condo complex is unique, this is an overall look at the Keystone condo market from 2002 – 2012.
At the height of the Keystone Real Estate market, the average sold price per square foot for Keystone Condos in 2008 was $422; in 2012, the average was $301 per square foot. Based on the above data, that means that Keystone Condos are down 28.67% since 2008. Had you purchased a condo in Keystone back in 2002, you should still see some appreciation, as the average sales price for Keystone Condos in 2012 is up 10.26% from 2002.
The number of condo sales in the Keystone Real Estate market has fluctuated over the past few years. The height of sales was in 2006 with 385 condo sales. In 2012, condo sales in Keystone, Colorado started to rebound with 139 sales, the most since 2008 when there were 142 sales.
As Keystone Real Estate agents, we are continually asked when a good time to buy is. While we can’t predict the future, we can only base our answer on the facts and historical data. Based on the information in the graphs above, prices appear to be leveling off yet still down, and the number of sales is increasing. This would lead us to believe that while the Keystone Real Estate market may not be at the very bottom, it is probably close.
To discuss the Keystone Real Estate market, Keystone condos for sale, or to arrange a showing of properties in Keystone, Colorado, contact Krystal Knott with Christie’s International Real Estate. Working with me gives you a Summit County local, professional agent assisting you and your family in finding the ideal mountain property in Keystone and anywhere in Summit County, Colorado.
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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.