A Day in the Mountains of Summit County, Colorado

My daily lifestyle photo on the activities and beauty of Summit County, Colorado.  First light on Buffalo Mountain above Frisco, Colorado this morning after the recent storms.  Enjoy the Blue Bird Day!

A Day in the Mountains of Summit County, Colorado

My daily lifestyle photo on the activities and beauty of Summit County, Colorado.  This vintage VW Bug in Old Town Breckenridge may not see the road again until Spring following the recent storms.

A Day in the Mountains of Summit County, Colorado

My daily lifestyle photo on the activities and beauty of Summit County, Colorado.  Merry Backcountry Christmas!  A surprise Secret Santa decorated a natural Christmas Tree in the Frisco backcountry on the trail to Rainbow Lake.  Rose, the amazing chocolate lab, enjoyed all the new snow during a backcountry ski today.  10-20 inches in the forecast!  HAPPY 2017!

Summit County Market Stats December 2016

SUMMIT COUNTY MARKET STATS

December 2016 Review

There were 125 closings of residential properties in December, amounting to $86.6 million in sales volume. Compared to last December, transactions were down 26% and volume fell just 4%. Although December sales lagged, Summit County residential sales volume is up 6% year-to-date, totaling $1.077 billion at the close of 2016. The number of transactions in 2016 fell slightly (1%) to 1,796 residential transactions. 

The increase in sales volume compared to transactions continues to push property values higher. Residential average sales price in December was $638,466, compared to $568,092 one year ago. This 13% increase may also be effected by the rising number of luxury home sales. The number of luxury homes sold for $1 million and above rose 10% in 2016, reaching 215 sales. The number of luxury home sales per year has more than doubled since 2012.

Residential price per square foot rose 7% since last year to $389 per foot. Residential sold price versus list price has climbed greatly in the past 5 years, currently averaging 98%. On average, residential properties are selling in 71 days.

Restricted inventory is certainly a factor in these changes, and availability of properties for sale continues on a downward trend. January 1, 2017 inventory is down 23% from one year ago. Currently there are 317 residential properties and 234 vacant land listings for sale, totaling 551 active listings.

January 2017 Market Insider

A Day in the Mountains of Summit County, Colorado

My daily lifestyle photo on the activities and beauty of Summit County, Colorado.  The Frisco Marina looks a little like Maine today.  Just need the snow clouds to move a little down Mt. Royal!

A Day in the Mountains of Summit County, Colorado

My daily lifestyle photo on activities and the beauty of Summit County, Colorado.  Spending some time at one of my favorite local winter fly fishing spots with the Breckenridge Ski Area in the background.  After a short dry period, the snow is moving in all week!  The Blue River just steps from our listing at the Shores at Breckenridge. http://www.shoresbreckenridge.com