Friday, March 6, 2020


February 2020
As we head into Spring, Summit County Real Estate transactions are beginning to pick up. February ended with 89 residential transactions, while this is a 9% decrease from last year, transactions are up 10% compared to last month. The average sales price for the past 3 months has continued to climb since October and is currently $838,464; this is 1% higher than the average at this time last year. The 3-month average price/square foot is $513/sq.ft, which is up 3% from January and 8% higher than February 2019.  The 3-month average for days on market for residential properties is 76, 18% higher than the average a year ago, but has stayed consistent from January to February.
Land transactions are also slightly up this month, with a total of 8 sales. This is 14% increase compared to last year.  The luxury market saw twenty-five $1 million+ transactions in February, an increase of 19% compared to this time last year and an increase of 84% compared to 5 years ago. The two highest sales in the month of February were $4,600,000 and were both located on Peak 8 in Breckenridge.
The month of March has already produced 14 residential sales in just five days. As of this write-up, there were 588 active listings – 462 residential and 126 land – a 10% increase in inventory compared to last year and 41% decrease compared to 5 years ago.