SUMMIT COUNTY MARKET STATS
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.
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Friday, March 6, 2020
SUMMIT COUNTY MARKET STATS February 2020
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