Summit County, Colorado Real Estate Market 2016
Krystal Knott December 10, 2018
Krystal Knott December 10, 2018
Let it snow, let it snow, let it snow! 2017 is off to a banner year for snowfall as it keeps snowing across all the Colorado ski resorts.
In 2016, the Summit County real estate market made strides as well with an increase in the average sold price despite a -4% decrease in the number of transactions due to low inventory. Here are a few statistics from the Summit County, Colorado, real estate market in 2016:
– Out of the 1,839 residential sales in Summit County, Colorado (down from 1,917 in 2015), 968 (53.63%) sold for under $500,000, while 220 (11.96%) were sales over $1 million
– The average sales price in Summit County increased +5.92% from $568,165 in 2015 to $601,799 in 2016
– Condo sales accounted for 52.69% of all transactions, with all towns' sold price per square foot increasing, and many had an increase in the average sales price as well
– Breckenridge’s average purchase price for single-family homes rose +3.34% from $1,104,265 in 2015 to $1,141,105 in 2016
– Townhomes and duplexes across Summit County had a +12.04% increase in the average sold price and a +10.20% increase in the average sold price per square foot
– Wondering how many transactions occur each year by area…?
Overall, the Summit County, Colorado real estate market in 2016 continues to show signs of recovery with considerable increases in the average sold price and sold price per square foot compared to 2015. Whether you are looking to purchase or sell a property in Summit County in 2017, let Krystal Knott with Christie’s International Real Estate assist you with the process. With over 10+ years of full-time experience, I am your friendly local expert. Contact me today at (970) 333-0116 or email me directly at [email protected].
This spring to enjoy our seasonably warm weather or to view Breckenridge CO Real Estate.
There are currently 4 condos for sale in the Village at Breckenridge starting at $389,000 up to $849,000.
The intimate dining room offers exceptional service to match the elegant atmosphere.
Enjoy both luxury living and the outdoor lifestyle that Summit County offers.
Newly opened in December 2023 Vine Street Social is a trendy new place.
Are you visiting Summit County this holiday season or winter with a large group?
As of December 2022 there are 18 condos for sale in Keystone that are listed under $1,000,000.
Breckenridge, Colorado is known frequently as one of the most visited ski resorts.
In 2022, there have been 17 homes sold in the Highlands at Breckenridge.
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.