SUMMIT
COUNTY MARKET STATS
June 2021
As we
head into Summer, Summit County Real Estate has continued to break records. During the
month of June, we saw 204 residential
transactions, totaling $217.8M in volume, a 76% increase
in transactions and a 130% increase in volume compared
to 2020. Land transactions are
up 110% year-to-date, with 86 closings so far this
year. The luxury market continues to expand with 69 properties closing for
over a million dollars each, a 176% increase compared to a year
ago. To cap off the month, Summit County saw the highest residential sale
ever, with a $17,000,000 closing in Breckenridge.
The 3-month average residential sales price has continued to climb since January and now sits at $1,081,005. This is a 33% increase in average sales price compared to a year ago. The 3-month average price/square foot is now at $654, also up 33% compared to last year. With lower inventory levels and a competitive market, the average days on market continues to fall, now at 20 days for the 3-month average. Also a product of the competitive market, the residential list vs. sold price has been steadily climbing since last summer and is currently at 102%, this is an increase of 4% compared to a year ago.
As
of July 5th, there were 255 active listings in Summit
County, of which 224 are residential and 31 are land. While this is a decrease
in inventory of 70% compared to July 2020, it is an increase of
73% compared to the inventory low seen at the beginning of April
2021.
Data used in this write-up were collected from the MLS on 7/5/2021
