Currently there are 56 Silverthorne homes for sale which equates to 7.91 months of inventory for homes in the Silverthorne CO real estate market. Silverthorne home prices start at $249,000 for a 1 bedroom + loft 1975 built home that is off the grid with 940 square feet up to a $8,900,000 Silverthorne ranch home set on 70+ acres with 7 bedrooms and 11,649 square feet. These two home listings, along with he other 54, bring the average list price for Silverthorne homes for sale to $1,328,056 ($350/SF). With such a large price range there is sure to be a Silverthorne home for sale that is right for your family, start your search today!
How is the Silverthorne home market doing? In 2013 there were 85 Silverthorne home sales, which is down from the height in 2006 when there were 120 sales. However, this is an improvement from 2009 when only 51 SilvIthorne home sales occurred. While there continues to be signs in the Summit County real estate market that consumer confidence is on the rise, the good news for Buyers is that prices are still lower than the height of the market in 2008/2009.
For Silverthorne home sales, the height of the market in terms of average sold price was 2009 at $973,142. The 2013 average sold price was $726,109 which is down -34% compared to 2009. However, the average sold price per square foot is only down -18.6% when comparing the height in 2008 of $313/SF and 2013 at $264/SF. The average sold price for Silverthorne Colorado homes has risen +6.3% since 2011 when it was $683,071. While this is great news for Buyers as prices are still down, this is also good news for Silverthorne home Sellers as prices are slowly starting to rebound.
To further discuss the Silverthorne real estate market or arrange a time to view Silverthorne homes for sale contact Krystal Knott with Christie’s International Real Estate – Breckenridge office. Whether you are looking to buy or sell Summit County real estate, you will find that my experience & professionalism, along with our team approach, results in us providing an exceptionally attentive level of service to my clients . To sell your property or discuss your search for a property, call today at 970.333.0116. Feel free to browse the entire Summit County MLS online as well, I can’t wait to hear from you!