The Keystone Colorado home market is recovering similar to the rest of the Summit County real estate market. In 2013 there were 22 sales compared to 27 Keystone CO home sales in 2012. However, this is still an improvement over 2008 when there were only 8 sales and 2009-2011 when there were only 14-15 sales each year. Keystone Colorado home sales are on the rebound with prices stabilizing and the number of sales continue to be back to 2005/2006 levels in the Keystone Colorado real estate market.
As you can see in the chart above, the average sales price for Keystone Colorado homes has begun to level out with only a -1.5% decrease in the average sold price from $978,213 in 2012 to $963,580 in 2013. However, the average sold price per square foot has improved +5.2% from $279/SF in 2012 to $293/SF in 2013. The Keystone Colorado home market is still down compared to the height in 2007 when the average sold price was $1,368,340 and the average sold price per square foot was $367.
If you are looking to sell your Keystone Colorado home be prepared to have your home on the market for possibly over a year. In 2013 the average days on market for the 22 sales was 395 days, this is down considerably compared to 602 days in 2012. The good news is the list to sales price is tightening at 95% in 2013 compared to 90% in 2012 and 89% in 2011. Pricing your Summit County home correctly from the start (in accordance with current market conditions) can make a significant difference in achieving a quicker sale at an ultimately higher price.
Currently there are 19 Keystone Colorado homes for sale, this is just shy of one year of inventory. The average list price comes in at $1,162,617 ($273/SF). The lowest priced home for sale in Keystone is listed for $675,000 ($176/SF), built in 1984 with 4 bedrooms/4.5 bathrooms and 3,840 square feet. The most expensive Keystone CO home for sale was built in 2007 with 6 bedrooms/5 bathrooms, 4,644 square feet listed for $1,995,000 ($430/SF).
To further discuss the Keystone Colorado home market or Keystone Real Estate in general, contact Krystal Knott with LIV Sotheby’s International Realty. Looking to sell your Keystone Colorado home? Let us show you all that Fuller Sotheby’s has to offer including the most online exposure for your property compared to any other Summit County Real Estate office. Call today at 970.333.0116. You can also inquire online where you can browse all properties for sale on the Summit County MLS.