Keystone Condos Real Estate Market Report – January 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 is a good time to buy? While we can’t predict the future we can only base our answer off of 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 are 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 LIV Sotheby’s International Realty. 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.