SUMMIT COUNTY MARKET STATS
October 2021
During the month of October, Summit County saw 256 residential transactions totaling $336.1M in sales volume. Compared to October 2020, transactions were down by 29%; however, volume was up by 6%. Year-to-date sales volume surpassed $2 Billon and is still trending ahead of last year by 38%. Year-to-date land transactions are down 19%, with 130 closings so far in 2021.
The 3-month average sales price has continued to climb and is now at $1,257,775, 34% higher than a year ago and the 3-month average price per square foot is at $722, up 38%. The days on market 3-month average is down 64% compared to 2020, now at 23 days. The 3-month average list vs sold price is sitting steady at 101%, up 3% compared to a year ago.
The luxury market of $1Million+ sales is continuing to trend ahead of 2020, now at 700 transactions for the year, up 51% compared to 2020. For 2 months in a row, the highest sale for the month was by a Slifer Smith & Frampton broker. Located on Peak 8 in Breckenridge, this property sold for $5,999,000 and was under contract in just seven days.
As of November 1st, there were 161 active listings in Summit County, of which 126 were residential and 34 land. This is a 15% decrease in inventory compared to last month and a 45% decrease compared to the beginning of November 2020. While most inventory around the county has stayed steady in the past month, Breckenridge has seen a drop in inventory of 45% compared to a month ago.
Data used in this write-up were collected from the MLS on 11/1/2021
